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South Korean alarm over EV fires puts spotlight on safety concerns

EXPLAINER-South Korean alarm over EV fires puts spotlight on safety concerns By Heekyong Yang and Ju-min Park SEOUL, Aug 14 (Reuters) - South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that took eight hours to put out.
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Volkswagen delays launch of Trinity EV further, source says

Volkswagen delays launch of Trinity EV further, source says BERLIN, Aug 13 (Reuters) - Volkswagen VOWG_p.DE has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company said late on Monday. The German automaker had been due to release the new ID.4, and later another electric SUV, under the Trinity project using its new SSP platform, the brainchild of former
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Top VW investor Porsche SE eyes further investments

UPDATE 1-Top VW investor Porsche SE eyes further investments Adds detail, H1 results in final two paragraphs FRANKFURT, Aug 13 (Reuters) - Porsche SE PSHG_p.DE , the controlling shareholder in German automaker Volkswagen VOWG_p.DE , is financially in a position to consider further investments to diversify its portfolio, its finance chief said alongside first-half results on Tuesday.
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Porsche SE eyes further investments in "attractive" market environment

Porsche SE eyes further investments in "attractive" market environment FRANKFURT, Aug 13 (Reuters) - Porsche SE PSHG_p.DE is in a position financially to consider further investments to diversify its portfolio, the holding group's finance chief said alongside first-half results on Tuesday. "Our financial resources give us considerable flexibility for potential investments in further core and portfolio investments," Johannes Lattwein, Porsche SE's board member for finance and IT, said in a statem
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Porsche Holding in group taking stake in Greyhound owner Flix

UPDATE 1-Porsche Holding in group taking stake in Greyhound owner Flix Adds details and background throughout By Ludwig Burger FRANKFURT, Aug 12 (Reuters) - Porsche Automobil Holding SE PSHG_p.DE said on Monday it is part of an investor group that is taking a 35% stake in Flix SE, owner of Greyhound services in North America and FlixBus in Europe.
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South Korea holds emergency meeting as EV fires stir consumer fear

South Korea holds emergency meeting as EV fires stir consumer fear By Jack Kim and Heekyong Yang SEOUL, Aug 12 (Reuters) - South Korean officials met on Monday to discuss electric vehicle safety and whether to require car firms to disclose battery brands amid growing consumer concern after an EV blaze in an underground garage extensively damaged an apartment block.
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VW and VW sold combined 202,447 cars in China in July

BRIEF-FAW-VW and SAIC-VW sold combined 202,447 cars in China in July Aug 9 (Reuters) - CHINA AUTO INDUSTRY BODY CPCA: FAW-VW, SAIC-VW SOLD A COMBINED 202,447 PASSENGER VEHICLES IN CHINA IN JULY Reporting by Beijing newsroom
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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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Continental: in discussion with Volkswagen on Rivian joint venture

Continental: in discussion with Volkswagen on Rivian joint venture Aug 7 (Reuters) - Continental CONG.DE is involved in discussions with Volkswagen and its software unit Cariad on how it could contribute to the carmaker's new joint venture with EV maker Rivian RIVN.O , Continental's Chief Executive said on Wednesday. "We are strongly there and more than happy to support with our platforms going forward...
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Rivian sticks to flat production outlook for 2024, expects deliveries dip in Q3

UPDATE 3-Rivian sticks to flat production outlook for 2024, expects deliveries dip in Q3 EV maker expects Q3 deliveries to dip sequentially Sees cost reduction of factory upgrades in second half of 2024 Adds details, background, executive comments and updates shares in paragraphs 2,3,6,11 By Akash Sriram and Abhirup Roy Aug 6 (Reuters) - Rivian on Tuesday stuck to its forecast that production would not rise this year and said deliveries in the third quarter would be slightly lower, as the EV mak
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PREVIEW: Rivian rallies; analysts see sluggish revenue growth

BUZZ-PREVIEW: Rivian rallies; analysts see sluggish revenue growth ** Shares of Rivian Automotive Inc RIVN.O rallying 1% on Tuesday ahead of electric car maker's quarterly report after the bell, with analysts expecting a massive drop in revenue growth for the period ** RIVN shares lost ground in Wall Street's recent selloff but remain up ~25% since June 25 when Volkswagen Group VOWG_p.DE said it would invest up to $5 bln in the company as it struggles with dwindling cash, increased competition,
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Auto File-Blocking China’s robot drivers  

Auto File-Blocking China’s robot drivers   Aug 6 - By Nick Carey , European Autos Correspondent Greetings from London! It’s been a rollercoaster start to the week, with markets down sharply on Monday, then bouncing back, then falling again - all triggered by fears a weak U.S. jobs report meant a recession. Fears over the state of the U.S. economy will foster concern over the health of the U.S.
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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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VW's Skoda Auto H1 Operating Profit EUR 1.15 Billion, Up 26.1% Y/Y

BRIEF-VW's Skoda Auto H1 Operating Profit EUR 1.15 Billion, Up 26.1% Y/Y Aug 2 (Reuters) - Volkswagen AG VOWG_p.DE : VW'S SKODA AUTO: H1 OPERATING PROFIT EUR 1.15 BILLION, UP 26.1% Y/Y VW'S SKODA AUTO: H1 DELIVERIES 448,600 VEHICLES, UP 3.8% Y/Y VW'S SKODA AUTO: H1 RETURN ON SALES 8.4% VERSUS 6.6% YEAR AGO VW'S SKODA AUTO: H1 SALES REVENUES EUR 13.
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Audi's new China EV series won't have signature four-ring logo, sources say

EXCLUSIVE-Audi's new China EV series won't have signature four-ring logo, sources say SHANGHAI, Aug 2 (Reuters) - Audi's new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said. The decision by the premium marque owned by Germany's Volkswagen VOWG_p.DE is due to "brand image consideration," one of the people said.
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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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Motor racing-Red Bull's Wheatley to be principal of Audi F1 team

UPDATE 2-Motor racing-Red Bull's Wheatley to be principal of Audi F1 team Wheatley and Binotto to run Audi F1 team Wheatley to join from Red Bull by next July Former Ferrari boss Binotto started work on Thursday Manufacturer entering works team in 2026 Adds Audi statement By Alan Baldwin Aug 1 (Reuters) - Red Bull's long-serving sporting director Jonathan Wheatley will leave the Formula One champions at the end of the season to become Audi team principal next year, both sides said on Thursday.
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Motor racing-Red Bull sporting director Wheatley to lead Audi F1 team

Motor racing-Red Bull sporting director Wheatley to lead Audi F1 team Aug 1 (Reuters) - Red Bull's long-serving sporting director Jonathan Wheatley will leave the Formula One champions at the end of the year to take up a new job as principal of rivals Audi, Red Bull said on Thursday. Audi have taken over Swiss-based Sauber and will enter the sport
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Volkswagen’s restart faces further roadblocks

BREAKINGVIEWS-Volkswagen’s restart faces further roadblocks The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, Aug 1 (Reuters Breakingviews) - Volkswagen VOWG_p.DE is giving its tricky turnaround a shove. CEO Oliver Blume is shutting plants and laying off staff. Such expensive measures will hurt profitability this year, but hopefully lead to a less bloated machine.
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Carmakers strain to navigate the next swerves: podcast

BREAKINGVIEWS-Carmakers strain to navigate the next swerves: podcast The host is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Aug 1 (Reuters Breakingviews) - After responding to the unexpected success of $720 bln Tesla, older manufacturers now face rising China exports amid slower EV growth.
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