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Aston Martin says it is in talks for potential funding to boost liquidity
1+ day, 15+ hour ago (209+ words) July 17 (Reuters) – Luxury carmaker Aston Martin said on Friday it has ongoing discussions with potential financing providers, following a media report that it is in talks with lenders including BlackRock-owned HPS Investment Partners.Here are some details: • The company said…...
Volvo Cars sees stronger second half despite steep China decline, rising costs
1+ day, 15+ hour ago (521+ words) STOCKHOLM, July 17 (Reuters) – Volvo Cars expects stronger profitability in the second half, it said on Friday, even as the Swedish carmaker warned of rising costs of key raw materials and a more severe slowdown in China that sent its shares…...
Electra taps Safran for 250 turbogenerators to power hybrid-electric EL9
3+ day, 18+ hour ago (304+ words) July 15 (Reuters) – Electra said on Wednesday it has signed a production agreement with France’s Safran Helicopter Engines for turbogenerators, as the hybrid-electric aircraft startup looks to advance certification efforts. The company said the deal includes an initial order for 250 TG600 turbogenerators,…...
Stellantis’ Alfa Romeo plans launch of new mid-sized SUV by end 2027
4+ day, 20+ hour ago (228+ words) MILAN, July 14 (Reuters) – Stellantis’ premium brand Alfa Romeo will launch the first of its planned new models by the end of next year, the automaker’s head for Europe, Emanuele Cappellano, said on Tuesday at an auto representative meeting at Italy’s…...
Skoda Auto says it is not directly impacted by VW overhaul plans
1+ week, 1+ day ago (176+ words) PRAGUE, July 10 (Reuters) – Skoda Auto, the Czech unit of Volkswagen, does not expect any direct impact from the parent company’s overhaul plan to cut capacity and model lines, the company said on Friday. • Volkswagen said on Thursday that it planned…...
German automakers hit by sharp China sales drop in second quarter | 1330 & 101.5 WHBL
1+ week, 1+ day ago (374+ words) BERLIN, July 10 (Reuters) – German carmakers’ sales collapsed further in China during the second quarter, as a protracted slowdown in the world’s biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors. Volkswagen, Mercedes-Benz…...
Volkswagen reports 8.6% drop in Q2 deliveries amid China weakness
1+ week, 1+ day ago (187+ words) July 10 (Reuters) – Volkswagen reported a 8.6% decline in global deliveries in the second quarter on Friday, as a sharp drop in China outweighed gains in North America and Western Europe. Deliveries in China, the automaker’s largest market, fell 36.6% during the quarter, while…...
BMW deliveries slide in Q2, as sales in China drop nearly a third | 1330 & 101.5 WHBL
1+ week, 1+ day ago (121+ words) July 10 (Reuters) – BMW reported a 4.9% decline in global vehicle deliveries in the second quarter on Friday, hit by a sharp drop in sales in China. • The group sold 590,962 vehicles in the quarter • In China, deliveries plunged 30.2% year-on-year in the second quarter…...
Americans hit road for July 4 despite high gasoline prices
2+ week, 1+ day ago (417+ words) NEW YORK, July 3 (Reuters) – Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels. The easing of tensions between the U.S. and Iran has provided some relief at…...
Tesla’s China-made EV sales rise 24.4% year on year in June
2+ week, 2+ day ago (273+ words) BEIJING, July 2 (Reuters) – Tesla’s China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker’s European sales. Deliveries of Model 3 and Model Y vehicles made in its Shanghai plant, which…...
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