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U.S. manufacturing production increases; headwinds growing

10 hours ago DieselGasoil Comments Off on U.S. manufacturing production increases; headwinds growing
WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang Read More

VW embarks on $50 billion electrification plan

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WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday. FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia Read More

U.S. manufacturing production rises steadily in October

13 hours ago DieselGasoil Comments Off on U.S. manufacturing production rises steadily in October
WASHINGTON (Reuters) – U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang vehicles on the production Read More

VW's supervisory board eyes multi-billion electrification plan

21 hours ago DieselGasoil Comments Off on VW's supervisory board eyes multi-billion electrification plan
FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia April 6, 2018. REUTERS/Ints Kalnins FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars and Read More

Ford CEO open to investors in autonomous vehicles but cautious on VW

1 day ago DieselGasoil Comments Off on Ford CEO open to investors in autonomous vehicles but cautious on VW
MIAMI (Reuters) – Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) was a “delicate dance.” Volkswagen’s supervisory board is scheduled to meet on Thursday to review Read More

Carmakers lure ride-hailer, delivery drivers in Africa

1 day ago DieselGasoil Comments Off on Carmakers lure ride-hailer, delivery drivers in Africa
NAIROBI (Reuters) – At Suzuki Motor Corp’s (7269.T) showroom in the Kenyan capital, hundreds of its Alto compact cars are waiting to be collected. FILE PHOTO: Suzuki cars branded with Uber stickers are seen in a showroom in Nairobi, Kenya, October 30, 2018. REUTERS/Baz Ratner Most of the customers are drivers for ride-hailing company Uber Read More

Wall Street hit by weak earnings, Brexit concerns

2 days ago DieselGasoil Comments Off on Wall Street hit by weak earnings, Brexit concerns
(Reuters) – U.S. stocks fell on Thursday as a batch of weak earnings and Brexit-related concerns sparked a sixth day of selling, with high-growth stocks such as Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O) taking a hit. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November Read More

U.S. retail sales rebound on autos, building materials

2 days ago DieselGasoil Comments Off on U.S. retail sales rebound on autos, building materials
WASHINGTON (Reuters) – U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by recovery efforts in areas devastated by Hurricane Florence. FILE PHOTO: A woman walks with shopping bags at Bryant Park in New York, U.S. December 2, 2016. REUTERS/Shannon Stapleton The report on Thursday from Read More

U.S. consumer prices post largest rise in nine months

3 days ago DieselGasoil Comments Off on U.S. consumer prices post largest rise in nine months
WASHINGTON (Reuters) – U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month. FILE PHOTO – Price tags are seen at a Men’s Read More

Ford, Walmart to collaborate on designing automated-vehicle delivery

3 days ago DieselGasoil Comments Off on Ford, Walmart to collaborate on designing automated-vehicle delivery
MIAMI (Reuters) – Ford Motor Co (F.N), Walmart Inc (WMT.N) and delivery service Postmates Inc will collaborate to design a service for delivering groceries and other goods to Walmart customers that could someday use autonomous vehicles, the companies said on Wednesday. FILE PHOTO: A Ford Fusion hybrid, Level 4 autonomous vehicle, used by Ford Motor Read More