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Truckmakers say they are ready to go electric, but what about charging?

Truckmakers say they are ready to go electric, but what about charging? By Ilona Wissenbach and Andrey Sychev HANOVER, Germany, Sept 17 (Reuters) - Major manufacturers, such as Daimler Truck DTGGe.DE and Traton 8TRA.DE , displaying their trucks at a transportation fair in Hanover this week say they are ready to go electric, but their e-trucks will not sell without massive investments in charging infrastructure.
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Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says

UPDATE 1-Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says Adds detail on Volkswagen, further quotes from Stellantis CEO and background from paragraph 5 TURIN, Sept 17 (Reuters) - Stellantis STLAM.MI has already taken measures and is working hard to avoid the risk of plant closures facing rival Volkswagen VOWG_p.DE , the carmaker's CEO Carlos Tavares said on Tuesday.
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Policies of German opposition chief and possible next chancellor Merz

FACTBOX-Policies of German opposition chief and possible next chancellor Merz By Sarah Marsh BERLIN, Sept 17 (Reuters) - Friedrich Merz, the head of Germany's Christian Democrats, and Markus Soeder, the head of their Bavarian sister party, said on Tuesday they had agreed Merz would become chancellor candidate for their conservative alliance. Their conservatives are on track to win next year's federal election.
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Scania CEO says committed to Northvolt despite cutbacks, delivery issues

Scania CEO says committed to Northvolt despite cutbacks, delivery issues HANOVER, Germany, Sept 16 (Reuters) - Scania owner Traton 8TRA.DE is committed to using Sweden's Northvolt as the truckmaker's single battery supplier despite recent production and delivery problems, its CEO said on Monday. Scania had to postpone a ramp-up of its battery-electric truck production by a year and delay deliveries to customers due to the troubles at Northvolt, Europe's leading battery supplier.
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JSW MG Motor India to launch luxury car brand; first car by March 2025

JSW MG Motor India to launch luxury car brand; first car by March 2025 BENGALURU, Sept 16 (Reuters) - JSW MG Motor India, a joint venture between SAIC Motor 600104.SS and JSW Group, said on Monday it will launch a luxury car brand, aiming to sell its first premium cars by the first three months of 2025. Under the brand, called 'MG Select', the company will launch four products over the next two years, it said .
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Chinese EV giant BYD ramps up hiring as Beijing prioritises employment

Chinese EV giant BYD ramps up hiring as Beijing prioritises employment BEIJING, Sept 13 (Reuters) - BYD 002594.SZ , 1211.HK has significantly ramped up hiring, increasing its workforce to more than 900,000 people as of Friday, a senior manager said, making the Chinese electric vehicle giant one of the largest employers in the country. The move comes as the Chinese government has been prioritising a push to create more jobs, for college graduates in particular as its economy falters.
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US House passes bill targeting China that would limit EV tax credits

UPDATE 1-US House passes bill targeting China that would limit EV tax credits Adds more details, no immediate Treasury or Chinese embassy comment By David Shepardson WASHINGTON, Sept 12 (Reuters) - The U.S. House of Representatives narrowly voted on Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S.
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Galp-Northvolt lithium refinery project in Portugal faces delay

Galp-Northvolt lithium refinery project in Portugal faces delay LISBON, Sept 12 (Reuters) - A plan to build one of Europe's largest battery-grade lithium refineries in Portugal by end-2025 is facing delays due to the complexity of the project and uncertainty about grant funding, one of the partners, Galp GALP.LS , said on Thursday. The 50-50 joint venture Aurora between the Portuguese oil company and Swedish battery maker Northvolt, set up in November 2021, had previously expected the refinery t
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Carmakers adjust electrification plans as EV demand slows

Carmakers adjust electrification plans as EV demand slows Recasts first paragraph; adds Stellantis in paragraph 6; Sept 12 (Reuters) - Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable models, slow roll-out of charging points, growing trade tensions and increased competition from cheaper Chinese rivals.
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China's Chery plans investment drive to build Omoda, Jaecoo brands in Europe

China's Chery plans investment drive to build Omoda, Jaecoo brands in Europe MILAN, Sept 12 (Reuters) - Chinese carmaker Chery Auto is ready to spend billions of euros to ensure its Omoda and Jaecoo brands are embraced by European customers within three years, the head of the two brands for the Italian market told Reuters. Chery Auto is launching Omoda and Jaecoo in Europe this year, with an initial focus on petrol engine vehicles.
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Volkswagen, IG Metall union to start talks about new labour deal a month early

UPDATE 2-Volkswagen, IG Metall union to start talks about new labour deal a month early Adds further details on negotiations in paragraphs 5-8 FRANKFURT, Sept 12 (Reuters) - Volkswagen VOWG_p.DE and union IG Metall will start talks at the end of September over a new labour agreement for six of its German plants after a job security scheme was cancelled by the carmaker earlier this week.
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Chinese-Swedish Lynk & Co brand will not raise prices because of tariffs, Europe CEO says

Chinese-Swedish Lynk & Co brand will not raise prices because of tariffs, Europe CEO says By Victoria Waldersee FRANKFURT, Sept 11 (Reuters) - Chinese-Swedish EV brand Lynk & Co, which will launch its first China-made battery-electric car in Europe next month, said it did not intend to pass on the cost of looming tariffs on the vehicle to consumers. "We cannot - a lot of the competitors are produced in Europe ...
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European firms doubt China has credible plan to turn economy around, lobby group warns

European firms doubt China has credible plan to turn economy around, lobby group warns Economic slowdown is No.1 concern of EU firms in China EU Chamber in China calls for more consumption stimulus Warns firms feel risks of China market no longer match rewards Growing doubts over China's commitment to reform, chamber says By Joe Cash BEIJING, Sept 11 (Reuters) - European firms in China doubt the government has a credible plan to boost demand in the ailing economy or will carry out long-promised
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BMW cuts 2024 outlook on Continental brake issues, shares plunge

UPDATE 4-BMW cuts 2024 outlook on Continental brake issues, shares plunge BMW now expects EBIT margin of 6-7% in 2024 Continental says some braking systems need to be replaced BMW shares down 11.7%, Continental shares down 10% Adds share price benchmark in paragraph 2, Citi analysts in paragraph 7 By Paolo Laudani and Christina Amann Sept 10 (Reuters) - BMW BMWG.DE cut its 2024 profit margin outlook on Tuesday due to sluggish demand in its key Chinese market and problems related to a braking sys
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BMW shares fall after FY outlook cut, dragging peers

BUZZ-BMW shares fall after FY outlook cut, dragging peers ** Shares in BMW BMWG.DE fall around 7% to their lowest since October 2022 after the German carmaker trimmed its guidance, dragging its peers down ** BMW now expects FY EBIT margin to be in a range of 6% to 7% compared to 8% to 10% previously targeted ** Shares in Mercedes-Benz MBGn.DE , Vol
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Slow EV momentum, trade tension bring volatility to European car makers - Berenberg

BUZZ-Slow EV momentum, trade tension bring volatility to European car makers - Berenberg ** Berenberg expects the European automotive sector to remain volatile amid slowing electric vehicle (EV) momentum, trade tensions with China and regulatory uncertainties ** The broker lowers its 2024-26 OEM automotive operating profit outlook by about 10% on a
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Volkswagen to recall nearly 99,000 EVs in US over door handle issues

UPDATE 1-Volkswagen to recall nearly 99,000 EVs in US over door handle issues Adds details from NHTSA report Sept 10 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Tuesday that Volkswagen VOWG_p.DE would recall 98,806 electric SUVs to fix their door handles as they do not offer enough protection against water ingress. The NHTSA said the recall, which includes ID.4 EVs from model years 2021-2024, might have been built with door handles that do not meet the factory spe
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VW's Skoda CEO sees opportunity to launch hybrid cars in India

UPDATE 1-VW's Skoda CEO sees opportunity to launch hybrid cars in India Adds quotes, background on hybrid cars By Aditi Shah and Nandan Mandayam NEW DELHI, Sept 10 (Reuters) - Volkswagen's Skoda sees an opportunity to launch hybrid cars in India to expand its fuel choices for consumers and cut emissions, Skoda Auto's CEO said in New Delhi on Tuesday.
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Volkswagen to recall nearly 99,000 EVs in US over door handle issues

Volkswagen to recall nearly 99,000 EVs in US over door handle issues Sept 10 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Tuesday that Volkswagen VOWG_p.DE would recall 98,806 electric SUVs to fix their door handles as they do not offer enough protection against water ingress. Reporting by Nathan Gomes in Bengaluru; E
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Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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Veškerý materiál, zveřejněný na naší online obchodní platformě, je určený pouze pro vzdělávací/informační účely a neobsahuje ani by neměl být považovaný za finanční, investiční, daňové nebo obchodní rady a doporučení, ani záznamy o našich obchodních cenách, nebo nabídku transakce s jakýmikoliv finančními instrumenty, či nevyžádadnou propagaci pro vaši osobu.

Jakýkoliv obsah třetích stran a také obsah, připravený společností XM, jako jsou názory, novinky, výzkum, analýzy, ceny, další informace nebo odkazy na webové stránky třetích stran, které jsou zobrazeny na tomto webu, jsou poskytovány v neupravené verzi jako obecný tržní komentář, a nepředstavují investiční radu. Pokud je jakýkoliv obsah uváděný jako investiční výzkum, musíte si uvědomit a přijmout, že tento obsah nebyl určený a nebyl připravený v souladu se zákonnými požadavky, vytvořenými pro podporu nezávislosti investičního výzkumu, a jako takový by měl být podle příslušných zákonů a předpisu považovaný pouze za marketingovou komunikaci. Ujistěte se, že jste si přečetli a plně rozumíte našemu Oznámení o seznámení se s riziky a investičním výzkumu, který není nezávislý, týkající se výše uvedených informací, a ke kterým lze přejít zde.

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