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Reuters - 2 hours ago

Nissan to cut or transfer about 1,000 jobs in Thailand, sources say

Nissan to cut or transfer about 1,000 jobs in Thailand, sources say By Maki Shiraki TOKYO, Nov 22 (Reuters) - Nissan Motor 7201.T will cut or transfer about 1,000 jobs in Thailand by autumn 2025 as part of its recently announced global workforce reduction plan, two sources familiar with the matter told Reuters on Friday. Nissan plans to partially discontinue production at its Thailand Plant No.1, one of two car assembly plants in the country, and consolidate the operations into Plant No.2 by Sep
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Reuters - 13 hours ago

European car sales flat in October, EVs gain ground, ACEA says

UPDATE 1-European car sales flat in October, EVs gain ground, ACEA says Adds graphics By Greta Rosen Fondahn and Alessandro Parodi Nov 21 (Reuters) - New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month.
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Reuters - 21 hours ago

European car sales flat in October, EVs gain ground, ACEA says

European car sales flat in October, EVs gain ground, ACEA says By Greta Rosen Fondahn and Alessandro Parodi Nov 21 (Reuters) - New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month. An uptick in total sales in Spain and Germany, of 7.2% and 6% respectively, offset a contraction in France, Italy and Britain, the European Automobile Manufacturers As
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Reuters - 2 days ago

In high-wage Germany, VW's labour costs outstrip the competition

EXCLUSIVE-In high-wage Germany, VW's labour costs outstrip the competition VW ratio of labour costs to revenue above key rivals, data shows German car industry labour costs are highest worldwide Unions say there are other ways to reduce costs Next round of VW AG wage negotiations start on Thursday By Victoria Waldersee and Christoph Steitz BERLIN/FRANKFURT, Nov 20 (Reuters) - As Volkswagen VOWG_p.DE and unions gear up for the next round of talks over wages and plant closures in Germany, company
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Reuters - 6 days ago

French prosecutors request Carlos Ghosn, French culture minister stand trial in corruption case

UPDATE 3-French prosecutors request Carlos Ghosn, French culture minister stand trial in corruption case Adds statement from Carlos Ghosn's lawyers in paragraphs 7-8 By Makini Brice and Dominique Patton PARIS, Nov 15 (Reuters) - The French prosecutor's office for financial crimes has requested former automobile executive Carlos Ghosn and French culture minister Rachida Dati stand trial following its probe into corruption, a judicial source said on Friday.
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Reuters - 1 week ago

'Downcycle in the rearview mirror' - MS upbeat on Europe's OEMs

BUZZ-'Downcycle in the rearview mirror' - MS upbeat on Europe's OEMs ** Morgan Stanley moves its industry view for European Original Equipment Manufacturers (OEMs) to "in-line" from "cautious", citing increased affordability and bottoming margins in 2025 ** Pressure from Chinese OEMs still increasing, but sector's underperformance sets valuation ba
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Reuters - 1 week ago

Motor racing-Renault's Alpine F1 team to use Mercedes engines from 2026

UPDATE 1-Motor racing-Renault's Alpine F1 team to use Mercedes engines from 2026 Alpine to use Mercedes engines for new are starting in 2026 Move follows Renault decision to end production Adds details LONDON, Nov 12 (Reuters) - Renault's Alpine Formula One team will use Mercedes engines and gearboxes from the sport's new era starting in 2026, they announced on Tuesday.
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Reuters - 1 week ago

Motor racing-Renault's Alpine F1 team to use Mercedes engines from 2026

Motor racing-Renault's Alpine F1 team to use Mercedes engines from 2026 LONDON, Nov 12 (Reuters) - Renault's Alpine Formula One team will use Mercedes engines and gearboxes from the 2026 season, both parties announced on Tuesday. Alpine said in a statement the power unit agreement would run for the duration of the new regulation era, until at least
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Reuters - 1 week ago

Activist hitches long ride on Nissan’s turnaround

BREAKINGVIEWS-Activist hitches long ride on Nissan’s turnaround The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Katrina Hamlin HONG KONG, Nov 12 (Reuters Breakingviews) - Nissan Motor 7201.T could be a long, potentially uncomfortable ride for an activist. Hedge fund Effissimo Capital Management has bought a 2.5% stake in the struggling Japanese carmaker, disclosures on Monday showed, sending shares up 13% the following day.
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Reuters - 2 weeks ago

Anima Holding, BASF, Cargotec

EUROPE RESEARCH ROUNDUP-Anima Holding, BASF, Cargotec Nov 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anima Holding, BASF and Cargotec on Monday. HIGHLIGHTS * Anima Holding ANIM.MI : HSBC cuts to hold from buy * BASF SE BASFn.DE : Goldman Sachs raises to buy * Cargotec Corp CGCBV.HE : Kepler Cheuvreux raises to hold from reduce * Compagnie Financiere Richemont SA CFR.S : HSBC raises to buy from hold * DS Smith SMDS.L : Barcl
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Reuters - 2 weeks ago

Vulcan pushes back large-scale production date for German lithium plant to 2027

CORRECTED-Vulcan pushes back large-scale production date for German lithium plant to 2027 Corrects paragraph 6 to remove reference to equity, changes wording on EIB involvement from "has promised" to "could contribute" FRANKFURT, Nov 8 (Reuters) - Start-up Vulcan Energy VUL.AX will begin large-scale industrial production of lithium hydroxide in Germany in 2027, two years later than originally planned, the company said on Friday as it started operations at a demonstration plant.
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Reuters - 2 weeks ago

Motor racing-Alpine boss Oakes has Red Bull as a reference point

Motor racing-Alpine boss Oakes has Red Bull as a reference point By Alan Baldwin LONDON, Nov 8 (Reuters) - Oliver Oakes and Christian Horner were the Formula One bosses with most to celebrate after last Sunday's Sao Paulo Grand Prix and while poles apart in terms of success they have much in common. Alpine's Oakes, the newest and youngest principal in the paddock at 36, has followed a remarkably similar career path to Red Bull's Horner, now 50 but the youngest boss in the sport's history when he
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Reuters - 2 weeks ago

Nissan shares slump after unveiling plan to cut jobs, production

Nissan shares slump after unveiling plan to cut jobs, production TOKYO, Nov 8 (Reuters) - Shares in Nissan Motor 7201.T slumped as much as 10% in Tokyo trading on Friday after the company said the previous day it will cut 9,000 jobs and 20% of its global manufacturing capacity as it faces struggling sales in China and the United States. The decline put the shares on track for their biggest one-day drop since August.
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Reuters - 2 weeks ago

Australia's Vulcan Energy gains on starting production at Germany plant

BUZZ-Australia's Vulcan Energy gains on starting production at Germany plant ** Shares of Vulcan Energy VUL.AX rise as much as 7.9% to A$5.07, posting their biggest intraday pct gain since Oct. 28 ** Specialty miner commences lithium hydroxide production at its downstream lithium optimisation plant in Germany ** Says lithium product will be used fo
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Reuters - 2 weeks ago

Nissan to axe 9,000 jobs, cut production on weak China, US sales

UPDATE 4-Nissan to axe 9,000 jobs, cut production on weak China, US sales Costs to be cut by 400 billion yen in the current FY Cuts operating profit outlook by 70% Global production capacity to be cut by a fifth China sales slump, lacks hybrids for US market To sell up to 10% of Mitsubishi Motors for up to 68.6 bln yen Recasts, adds context in paragraph 2, executive pay paragraph 10 By Daniel Leussink TOKYO, Nov 7 (Reuters) - Nissan Motor 7201.T will cut 9,000 jobs and 20% of its global manufact
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Reuters - 2 weeks ago

Italy car sales down 9.05% y/y in October - Transport ministry

BRIEF-Italy car sales down 9.05% y/y in October - Transport ministry Nov 4 (Reuters) - Italy's Transport Ministry says: ITALY CAR SALES DOWN 9.05% Y/Y IN OCTOBER - TRANSPORT MINISTRY STELLANTIS HELD 25.15% OF ITALY'S CAR MARKET IN OCTOBER (VERSUS. 24.11% IN SEPTEMBER) - REUTERS CALCULATIONS Source text: [ID:] Further company coverage: BMWG.DE Repor
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Reuters - 3 weeks ago

Motor racing-Alpine's big leap could be worth 29 mln euros, says Briatore

Motor racing-Alpine's big leap could be worth 29 mln euros, says Briatore Nov 4 (Reuters) - Alpine's big leap from ninth to sixth in the Formula One constructors' championship in Brazil on Sunday could be worth 29.2 million euros ($31.82 million) to the Renault-owned team, according to Flavio Briatore. The former boss, now an executive advisor who reports to Renault Group CEO Luca de Meo, clarified the figure to Sky Italia.
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Reuters - 3 weeks ago

Motor racing-Bingo! Alpine hit the jackpot in Brazil

Motor racing-Bingo! Alpine hit the jackpot in Brazil SAO PAULO, Nov 3 (Reuters) - Alpine hit a possible $50-million jackpot in Brazil on Sunday with French pair Esteban Ocon and Pierre Gasly finishing second and third respectively to rescue the Renault-owned Formula One team's season. In one rain-soaked, chaotic and crash-strewn afternoon at Sao Paulo's Interlagos circuit the two drivers scored more than twice as many points as in all their previous 20 races.
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Reuters - 3 weeks ago

Motor racing-Verstappen stuns in Sao Paulo with win from 17th on the grid

UPDATE 3-Motor racing-Verstappen stuns in Sao Paulo with win from 17th on the grid Verstappen takes 62-point lead over Norris Win at Interlagos ends 10-race drought Triple champion triumphed by 19.477 seconds Alpine's Ocon and Gasly second and third Alpine go from ninth to sixth in standings Adds Norris and Russell fined, keep their places SAO PAULO, Nov 3 (Reuters) - Red Bull's Max Verstappen had his fourth Formula One title within reach after a stunning drive to victory from 17th on the grid i
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Reuters - 3 weeks ago

Motor racing-Norris wins Sao Paulo sprint to cut Verstappen's F1 lead

UPDATE 3-Motor racing-Norris wins Sao Paulo sprint to cut Verstappen's F1 lead Norris wins sprint in McLaren one-two Piastri obeys team orders to hand over lead Verstappen third but demoted to fourth Championship lead cut to 44 points from 47 Adds Verstappen penalty, drops to fourth By Gabriel Araujo SAO PAULO, Nov 2 (Reuters) - Lando Norris cut Max Verstappen's Formula One lead to 44 points after his McLaren team mate Oscar Piastri obeyed orders and gifted the Briton a sprint-race victory in Sa
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