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Motor Racing-Antonelli to replace Hamilton at Mercedes in 2025

UPDATE 3-Motor Racing-Antonelli to replace Hamilton at Mercedes in 2025 Antonelli, 18, to race for Mercedes in F1 next season Italian replaces Hamilton alongside Russell First rookie at Mercedes since 1954 Updates after press conference By Alan Baldwin MONZA, Italy, Aug 31 (Reuters) - Italian Kimi Antonelli will replace seven times Formula One world champion Lewis Hamilton at Mercedes next season in a deal announced at the 18-year-old's home grand prix on Saturday.
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Motor racing-Renault F1 engine employees stage peaceful protest at Monza

Motor racing-Renault F1 engine employees stage peaceful protest at Monza MONZA, Italy, Aug 30 (Reuters) - Renault Formula One engine staff staged a peaceful protest at the Italian Grand Prix on Friday against the French carmaker's reported plans to end production at the Viry-Chatillon facility near Paris. A spokesman for the Social and Economic Council of Viry employees said some 80% of factory staff held a strike from 9 a.m.
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EU new car sales flat in July as battery-electric slumps, industry body ACEA says

UPDATE 2-EU new car sales flat in July as battery-electric slumps, industry body ACEA says Adds hybrid market share, context on hybrid cars, German EV subsidies By Alessandro Parodi and Greta Rosen Fondahn Aug 29 (Reuters) - New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe's auto industry body showed on Thursday.
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Italy - Factors to watch on August 29

Italy - Factors to watch on August 29 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy plans to confirm a commitment to bring its deficit-to-GDP ratio below the European Union's 3% ceiling in 2026 in the Treasury's medium-term structural budget plan to be presented by mid-September, s
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EU new car sales flat in July as battery-electric slumps, industry body ACEA says

EU new car sales flat in July as battery-electric slumps, industry body ACEA says By Alessandro Parodi and Greta Rosen Fondahn Aug 29 (Reuters) - New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe's auto industry body showed on Thursday.
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Motor racing-Engine staff urge Renault to rethink F1 'betrayal'

Motor racing-Engine staff urge Renault to rethink F1 'betrayal' By Alan Baldwin ZANDVOORT, Netherlands, Aug 24 (Reuters) - Staff at Renault's Formula One engine facility near Paris have urged the carmaker to rethink a plan to scrap power unit production, saying it would be a betrayal of 50 years of motorsport history. The Viry-Chatillon plant, with 334 employees, makes the engines used by Renault's British-based Alpine team and has been designing a power unit for 2026, when the sport undergoes a
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Motor racing-Mismanaged Alpine will not be sold, says Briatore

Motor racing-Mismanaged Alpine will not be sold, says Briatore By Alan Baldwin ZANDVOORT, Netherlands, Aug 24 (Reuters) - Alpine have been mismanaged and will take years to become podium regulars again but the Renault-owned Formula One team will not be sold, executive advisor and former boss Flavio Briatore said on Saturday. The Italian, in a joint appearance at the Dutch Grand Prix with new principal Oliver Oakes , told reporters the team -- champions as Benetton in the 1990s and Renault in the
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Motor racing-Australian Doohan to race for Alpine next season

UPDATE 2-Motor racing-Australian Doohan to race for Alpine next season Adds dateline, details ZANDVOORT, Netherlands, Aug 23 (Reuters) - Australian driver Jack Doohan will race for Alpine next season after being promoted from reserve driver, the Renault-owned Formula One team said at the Dutch Grand Prix on Friday. Doohan, son of MotoGP great Mick, replaces French driver Esteban Ocon, who is set to leave Alpine when his contract expires at the end of the 2024 season.
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Motor racing-Doohan to race for Alpine next season

Motor racing-Doohan to race for Alpine next season Aug 23 (Reuters) - Australian driver Jack Doohan will race for Alpine next season after being promoted from reserve driver, the Renault-owned Formula One team said on Friday. Doohan, son of MotoGP great Mick, replaces French driver Esteban Ocon, who is set to leave Alpine when his contract expires at the end of the 2024 season.
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Motor racing-Albon welcomes the challenge of Sainz as Williams team mate

Motor racing-Albon welcomes the challenge of Sainz as Williams team mate By Alan Baldwin ZANDVOORT, Netherlands, Aug 22 (Reuters) - Alex Albon welcomed the challenge of having Carlos Sainz as his Williams team mate next season and said he hoped they could lift the former champions back up the Formula One pecking order. Spaniard Sainz is leaving Ferrari to make way for incoming seven-times world champion Lewis Hamilton and his move to Williams was announced as the sport headed into the August bre
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Russia's Rostec chief suggests protective measures on assembled car imports

Russia's Rostec chief suggests protective measures on assembled car imports MOSCOW, Aug 21 (Reuters) - Sergei Chemezov, the head of Russia's vast Rostec corporation, said that he was grateful to Chinese automotive makers for filling the gap created by the exit of Western brands but that the state could consider protective measures on assembled cars. Rostec is by far Russia's most powerful weapons and automotive player with a stake in Russia's largest truck manufacturer Kamaz KMAZ.MM , and was a
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Putin ally Chemezov says West risks global war over Ukraine

EXCLUSIVE-Putin ally Chemezov says West risks global war over Ukraine Putin ally Sergei Chemezov sees risk of global war He portrays Ukraine war as battle between East and West Russian feels confident and has enough arms, he says By Guy Faulconbridge and Gleb Stolyarov MOSCOW, Aug 21 (Reuters) - Sergei Chemezov, a close ally of Russian President Vladimir Putin, says the United States and its Western allies risk triggering a global war if Washington continues to "provoke" the conflict in Ukraine
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AJ Bell, Avon Technologies, Hannover

EUROPE RESEARCH ROUNDUP-AJ Bell, Avon Technologies, Hannover Aug 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AJ Bell, Avon Technologies and Hannover on Tuesday. HIGHLIGHTS * AJ Bell Plc AJBA.L : Morgan Stanley raises target price to 316p from 284p * Avon Technologies Plc AVON.L : Barclays raises target price to 1450p from 1400p * Hannover Re HNRGn.DE : Morgan Stanley raises target price to EUR 254 from EUR 252 * UCB SA UCB.B
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Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs

CORRECTED-Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs Corrects timeline for Polestar 4 South Korean production to mid 2025 from second half of 2024 in paragraph 7 By Abhirup Roy and Marie Mannes Aug 14 (Reuters) - Swedish electric-vehicle (EV) maker Polestar A4N1y.F moved one step further in avoiding major tariffs imposed on Chinese-made cars on Wednesday when the automaker said it began production of its Polestar 3 SUV in the United States.
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Brazil's auto production, sales jump in July

Brazil's auto production, sales jump in July SAO PAULO, Aug 7 (Reuters) - Brazil's auto production rose 16.9% in July from June, to 246,721 units, automakers association Anfavea said on Wednesday. Vehicle sales in Latin America's largest economy were up 12.6% month-on-month to 241,336 units. Reporting by Alberto Alerigi Jr., Editing by Andrew Heave
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Electric motor parts maker EuroGroup Laminations enters India, signs JV in China

UPDATE 1-Electric motor parts maker EuroGroup Laminations enters India, signs JV in China Recasts with deal in India MILAN, Aug 2 (Reuters) - Italian electric motor component maker EuroGroup Laminations EGLA.MI is buying a 40% stake in India's Kumar Precision Stampings, the company said shortly after announcing a preliminary agreement for a strategic electric vehicle sector alliance in China.
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Electric motor parts maker EuroGroup Laminations enters India, signs JV in China

UPDATE 1-Electric motor parts maker EuroGroup Laminations enters India, signs JV in China Recasts with deal in India MILAN, Aug 2 (Reuters) - Italian electric motor component maker EuroGroup Laminations EGLA.MI is buying a 40% stake in India's Kumar Precision Stampings, the company said shortly after announcing a preliminary agreement for a strategic electric vehicle sector alliance in China.
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Italy car sales up 4.66% yr/yr in July - Transport Ministry

BRIEF-Italy car sales up 4.66% yr/yr in July - Transport Ministry Aug 1 (Reuters) - Italy's Transport Ministry says in a statement: ITALY CAR SALES +4.66% IN JULY - TRANSPORT MINISTRY STELLANTIS HELD 28.04% OF ITALY CAR MARKET IN JULY - REUTERS CALCULATIONS Further company coverage: BMWG.DE
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Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi

UPDATE 2-Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi Adds detail in paragraphs 6, 7, 9 and 10 TOKYO, Aug 1 (Reuters) - Japanese automakers Nissan Motor 7201.T and Honda Motor 7267.T have agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on Thursday.
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