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Chinese automaker Geely steps up challenge to BYD with new hybrid tech

Chinese automaker Geely steps up challenge to BYD with new hybrid tech BEIJING, Oct 30 (Reuters) - China's Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD 002594.SZ , 1211.HK . The Leishen EM-i technology can consume just 2.62 litres of fuel per 100 kilometres (62.1 miles) and offer a combined range - using both gasoline and battery - of
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Volvo Cars seeks to oust Northvolt from EV battery venture

UPDATE 4-Volvo Cars seeks to oust Northvolt from EV battery venture Volvo to acquire Northvolt's shares in battery JV Northvolt says it will stop funding the venture Northvolt is currently seeking funding for itself Adds analyst in paragraph 5-7 By Stine Jacobsen and Marie Mannes STOCKHOLM, Oct 30 (Reuters) - Volvo Cars VOLCARb.ST is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO but will need a new partner to keep plans for a gigafactory on track, the
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European car safety agency snubs BYD's Atto 3 driver assistance system

European car safety agency snubs BYD's Atto 3 driver assistance system MILAN, Oct 29 (Reuters) - Europe's car safety agency has issued a "not recommended" rating to the driver assistance system used in BYD's 1211.HK Atto 3 EV, dealing a blow to the Chinese automaker as it strives to expand on the continent. The model scored zero on driver monitoring features and performed poorly in preventing undertaking at speeds over 90 kilometres per hour (56 miles per hour), among other shortcomings, accordi
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US nonprofit to spend $250 mln on electric trucks to lease at California ports

US nonprofit to spend $250 mln on electric trucks to lease at California ports By Lisa Baertlein LOS ANGELES, Oct 29 (Reuters) - U.S. nonprofit Climate United on Tuesday announced a plan to spend up to $250 million to buy as many as 500 electric semi trucks over three years in what it called the biggest single order of those zero-emissions trucks in the country so far.
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Volkswagen's Traton reports higher sales in weak truck market

UPDATE 1-Volkswagen's Traton reports higher sales in weak truck market Adds shares, peer Volvo, CFO quote, and Northvolt; paragraphs 2, 6-7, 9-13 Oct 28 (Reuters) - Volkswagen's truck unit Traton 8TRA.DE on Monday reported a 3% rise in nine-month revenue amid subdued demand for commercial vehicles. S hares in Traton fell 1.3% by 1050 GMT. Sales stood at 35.3 billion euros ($38.10 billion) by the end of September, while profitability rose at its key Scania unit with a 14.4% return on sales versus
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Daimler Truck and Volvo Sign Binding Agreement For Software-Defined Vehicle Platform JV

BRIEF-Daimler Truck and Volvo Sign Binding Agreement For Software-Defined Vehicle Platform JV Oct 28 (Reuters) - DAIMLER TRUCK HOLDING AG DTGGe.DE : DAIMLER TRUCK AND VOLVO GROUP SIGN BINDING AGREEMENT FOR JOINT VENTURE TO DEVELOP A SOFTWARE-DEFINED VEHICLE PLATFORM TRANSACTION FOR THE JOINT VENTURE IS EXPECTED TO BE COMPLETED IN THE FIRST HALF OF
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Volvo, Daimler Truck Sign JV Deal To Develop Software-Defined Vehicle Platform

BRIEF-Volvo, Daimler Truck Sign JV Deal To Develop Software-Defined Vehicle Platform Oct 28 (Reuters) - Volvo AB VOLVb.ST : VOLVO GROUP AND DAIMLER TRUCK SIGN BINDING AGREEMENT FOR JOINT VENTURE TO DEVELOP SOFTWARE-DEFINED VEHICLE PLATFORM CO AND DAIMLER TRUCK SIGN BINDING AGREEMENT FOR JOINT VENTURE JOINT VENTURE TO DEVELOP TRUCK OPERATING SYSTEM
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Shares in VW's truck unit Traton jump after Q3 beat

Shares in VW's truck unit Traton jump after Q3 beat GDANSK, Oct 22 (Reuters) - Shares in Traton 8TRA.DE rose on Tuesday after Volkswagen's VOWG_p.DE truck unit reported third-quarter results above expectations driven by robust sales in its US brand International and Swedish unit Scania. Traton shares were up 4% by 0728 GMT, to their highest in three months, while peers Daimler Truck DTGGe.DE and Volvo VOLVb.ST were also up 1.7% and 1%, respectively.
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Europe's STOXX 600 ends week higher as tech stocks rebound

UPDATE 2-Europe's STOXX 600 ends week higher as tech stocks rebound For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Luxury stocks aid gains on France's CAC 40 Elisa slumps on unexpected Q3 revenue fall Goldman Sachs slashes STOXX 600 2024 earnings growth forecast STOXX 600 up 0.2% Updated at 1602 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 18 (Reuters) - Europe's STOXX 600 ended higher on Friday, as tech stocks made a s
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European shares headed for weekly gains after ECB rate cut

European shares headed for weekly gains after ECB rate cut For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 18 (Reuters) - European shares opened muted on Friday, after the European Central Bank's latest rate cut and upbeat earnings prompted strong gains in the previous session, with the main stocks gauge headed for a second weekly rise.
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Europe before the bell: A calmer end to the week

LIVE MARKETS-Europe before the bell: A calmer end to the week Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE BEFORE THE BELL: A CALMER END TO THE WEEK European stocks are in for a tepid end to the week, as traders ramp up bets on more ECB rate cuts after Thursday's and digest some less than stellar data out of China.
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Volvo AB Q3 Net Trucks Order Intake Down At 43,234 Trucks

BRIEF-Volvo AB Q3 Net Trucks Order Intake Down At 43,234 Trucks Oct 18 (Reuters) - Volvo AB VOLVb.ST : AB VOLVO SEES 2025 CHINA CONSTRUCTION EQUIPMENT MARKET AT -5% TO +5% IN Q3 2024, DEMAND CONTINUED TO NORMALIZE ON MOST OF VOLVO GROUP'S MARKETS WE ARE SEEING THAT FREIGHT AND CONSTRUCTION ACTIVITY HAS COME DOWN IN MANY REGIONS ACROSS WORLD COMPARE
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AB Volvo profit misses forecast and expects flat truck sales next year

UPDATE 4-AB Volvo profit misses forecast and expects flat truck sales next year Volvo Q3 adj op profit 14.1 bln SEK vs forecast 15.6 bln Order intake and sales dip Anticipates flat 2025 heavy truck markets in Europe, N. America Recasts, adds detail throughout, share price By Marie Mannes STOCKHOLM, Oct 18 (Reuters) - Swedish truck maker AB Volvo VOLVb.ST forecast stagnant demand next year and posted a bigger-than-expected slide in quarterly adjusted earnings on Friday, after reduced freight and
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Truck maker Volvo's Q3 adjusted profit falls more than expected

Truck maker Volvo's Q3 adjusted profit falls more than expected STOCKHOLM, Oct 18 (Reuters) - Swedish truck maker AB Volvo VOLVb.ST reported on Friday a bigger drop than expected in third-quarter adjusted operating profit and said demand continued to normalise in most of its markets. Reporting by Marie Mannes, editing by Anna Ringstrom
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Low-cost hybrid tech gives Renault breathing space in tough EV transition

FOCUS-Low-cost hybrid tech gives Renault breathing space in tough EV transition Renault's hybrid sales rise 55% in January-August French carmaker's low-cost hybrid tech uses fewer parts Renault's EV sales stagnant, needs 20% EV sales to meet 2025 CO2 targets - source By Gilles Guillaume PARIS, Oct 14 (Reuters) - Renault CEO Luca de Meo's bet on a low-cost gearbox technology is allowing the French carmaker to gain ground in Europe's fast-growing hybrid car market, giving it some breathing space a
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Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead Oct 11 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 15-Oct-2024 05:00 ERICb.ST Telefonaktiebolaget LM Ericsson Q3 2024 Telefonaktiebolaget LM Ericsson Earnings Release 16-Oct-2024 06:00 KINVb.ST Kinnevik AB Q3 2024 Kinnevik AB Earnings Release 17-Oct-2024 05:00 ABBN.S Abb Ltd Q3 2024 Abb Ltd Earnings Release 18-Oct-2024 06:0
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Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Oct 11 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 15-Oct-2024 BMO BWY.L Bellway PLC Full Year 2024 Bellway PLC Earnings Release 15-Oct-2024 05:00 ERICb.ST Telefonaktiebolaget LM Ericsson Q3 2024 Telefonaktiebolaget LM Ericsson Earnings Release 16-Oct-2024 AMC GFCP.PA Gecina SA Q3 2024 Gecina SA Earnings Release 16-Oc
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STOXX 600 touches 1-week high; China stimulus, earnings eyed

UPDATE 2-STOXX 600 touches 1-week high; China stimulus, earnings eyed For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Investors await further details on China's stimulus Little reaction in French stocks after budget Stellantis drops as CEO Tavares to retire Moody's cuts Volkswagen's outlook to 'negative' Updated at 1543 GMT By Paolo Laudani, Sruthi Shankar and Johann M Cherian Oct 11 (Reuters) - European stocks reversed early losses and
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Defensive sectors prop up Europe's STOXX 600 as China jitters persist

Defensive sectors prop up Europe's STOXX 600 as China jitters persist For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 9 (Reuters) - European stocks eked out gains on Wednesday, aided by defensive sectors, as uncertainty around China's stimulus plans kept the mood subdued ahead of key U.S.
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Sweden, Volvo Cars hope for better deal on any EU Chinese EV tariffs

UPDATE 3-Sweden, Volvo Cars hope for better deal on any EU Chinese EV tariffs Adds Volvo comment in paragraphs 8 and 9, EU vote, paragraph 2 STOCKHOLM, Oct 4 (Reuters) - Volvo Cars hopes to avoid hefty tariffs when importing its China-made electric vehicles into Europe by reaching an agreement on pricing, the company and the Swedish government said on Friday, boosting the carmaker's shares.
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