Fiat Chrysler (FCA) and PSA said on Monday that investors had given their blessing to a $52 billion merger to create the world's fourth largest automaker, and shares in the new company, named Stellantis, would start trading in two weeks.
Cash-strapped Chinese startup Byton, Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles in 2022, according to a statement on Monday.
Volkswagen has hired Elke Temme, a long-time executive at Germany's top utility RWE, to head the carmaker's newly created division for energy and electric vehicle charging, it said on Monday.
Canadian auto supplier Magna International Inc said on Monday it would develop an Advanced Driver Assistance System (ADAS) with Fisker Inc for the electric-car maker's Ocean SUV that is expected to launch in late 2022.
A cold start occurs when frosty weather makes car oil too viscous to circulate properly. The UK government faces similar difficulties revving up its motor industry after Brexit. Though it swerved tariffs through a last-gasp trade deal with the European Union, looming export rules on electric vehicles could leave local automakers stuck in second gear.
Shareholders in Italian American carmaker Fiat Chrysler (FCA) on Monday approved a $52 billion plan to merge with Peugeot maker PSA to create Stellantis, the world's fourth largest automotive group.
Xuzhou Construction Machinery Group Co Ltd (XCMG) said it has agreed with Tsingshan Holding Group Co Ltd to invest in a 5.5 billion yuan ($843 million) new energy vehicle (NEV) project in the eastern Chinese city of Xuzhou.
When Carlos Tavares takes the wheel of a combined PSA and Fiat Chrysler this year he will quickly need to revive the carmaker's fortunes in China, rationalise a sprawling global empire and address massive overcapacity.
BEIJING (Reuters) -Tesla Inc said on Friday it has started selling China-made Model Y sport-utility vehicles (SUV) and will deliver them to customers this month, as the U.S. electric vehicle maker expands sales in the world's biggest car market.
The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to reassess their capital allocation priorities.
Last December, the first infection with the new coronavirus was reported to the World Health Organization. Twelve months later, as the charts below show, global financial markets have been on a roller coaster like no other.
The U.S. decision to impose additional tariffs on French wines and cognac, which come in addition to a first set of tariffs late last year, will cost the sector a total of over 1 billion euros ($1.23 billion), the French wine exporters' federation said on Thursday.
WASHINGTON (Reuters) -The U.S. government on Wednesday said it would raise tariffs on certain European Union products, including aircraft components and wines from France and Germany, the latest twist in a 16-year battle over aircraft subsidies between Washington and Brussels.
BRUSSELS (Reuters) -The European Union and China agreed on Wednesday to an investment deal that will give European companies greater access to Chinese markets and help redress what Europe sees as unbalanced economic ties.
BRUSSELS (Reuters) -The European Union and China agreed an investment pact on Wednesday, which Brussels believes will help redress what it sees as imbalanced economic ties.
Chinese companies will receive binding commitments of access to the EU market under a new investment agreement, while China will open up its financial, manufacturing and services sectors to the 27-nation bloc, a Chinese government official said.
Italian-American automaker Fiat Chrysler will invest 755 million zlotys (166.59 million euros) in its plant in Tychy in Poland, Deputy Prime Minister Jaroslaw Gowin said on Tuesday.
Ideanomics Inc's Mobile Energy Global unit, which helps commercial fleet operators procure electric vehicles, said on Monday that it has signed a deal for the purchase of 2,000 EVs for ride-hailing services.
(Reuters) -Tesla Inc will come to India early next year, country's transport minister Nitin Gadkari told national daily the Indian Express on Monday.