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BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China

UPDATE 1-BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China Adds comments by France auto association head in last paragraph PARIS, Oct 15 (Reuters) - Europe must cancel its plan to ban new fossil fuel-emitting cars from 2035 to reduce reliance on China's battery supply chain and play to its technological strengths, BMW's BMWG.DE chief executive said on Tuesday.
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BMW CEO says Europe must cancel ban on petrol engines to reduce reliance on China

BMW CEO says Europe must cancel ban on petrol engines to reduce reliance on China PARIS, Oct 15 (Reuters) - Europe must cancel its plan to ban new fossil fuel-emitting cars from 2035 to reduce reliance on China's battery supply chain and play to its technological strengths, BMW's BMWG.DE chief executive said on Tuesday. Oliver Zipse, who has long pushed for regulators to permit various technologies - including alternative fuels like e-fuels or biofuels and hydrogen fuel cell cars - said the mood
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 15 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AUTOS Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.
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Italy - Factors to watch on October 15

Italy - Factors to watch on October 15 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Prime Minister Giorgia Meloni will hold a cabinet meeting on the budget plan (1800 GMT) Bank of Italy releases August data on public finances, state borrowing and debt.
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Stellantis CEO Tavares defends record in Paris over US crisis

FOCUS-Stellantis CEO Tavares defends record in Paris over US crisis Stellantis CEO spoke at four car show events Under pressure to fix US business after big profit warning Tavares cited 'personal reasons' for not seeking further term as CEO CEO did not rule out job cuts to revive business Updates intro, adds detail in 9th paragraph and shares in 14th paragraph By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Stellantis STLAM.MI CEO Carlos Tavares alternated between defia
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Stellantis Chair Elkann: not interested in buying competitors - AFP

Stellantis Chair Elkann: not interested in buying competitors - AFP PARIS, Oct 14 (Reuters) - Stellantis STLAM.MI is not seeking to merge with or to buy other players, John Elkann, chairman of the French-Italian automaker, told news agency AFP on Monday, amid recent rumours of a tie-up with French competitor Renault RENA.PA . "We are really focused on the business, at the level of our reference shareholders, the board, our CEO and the management team.
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Stellantis CEO Tavares in Paris spotlight over US crisis

FOCUS-Stellantis CEO Tavares in Paris spotlight over US crisis Stellantis CEO scheduled to speak at five car show events Under pressure to fix US business after big profit warning Tavares has said he will step down in 2026 Adds Stellantis CEO commentary in paragraphs 5, 6 and 7 By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Stellantis STLAM.MI CEO Carlos Tavares kicked off a packed schedule of public events at the Paris auto show on Monday with comments that alternated
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Renault CEO: There is still a window of opportunity for flexibility on Europe's 2025 Co2 targets

BRIEF-Renault CEO: There is still a window of opportunity for flexibility on Europe's 2025 Co2 targets Oct 14 (Reuters) - Renault RENA.PA CEO Luca de Meo tells reporters at the Paris car show: THERE IS STILL A WINDOW OF OPPORTUNITY FOR FLEXIBILITY ON EUROPE'S 2025 CO2 TARGETS Source text for Eikon: [ID:] Further company coverage: RENA.PA (Reporting
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China-Europe rivalry heats up at Paris car show as EV tariffs loom

REFILE-UPDATE 5-China-Europe rivalry heats up at Paris car show as EV tariffs loom Refiles to add dropped first name and title of Phil Dunne in last paragraph Chinese brands including BYD, Leapmotor unveiling new models European automakers out in force to defend home turf EU planning tariffs on Chinese-made EVs amid weak market BYD warns tariffs will lead to higher prices, deter buyers By Nick Carey PARIS, Oct 14 (Reuters) - Chinese and European automakers went head-to-head at the Paris car show
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Stellantis CEO Tavares in Paris spotlight over US crisis

FOCUS-Stellantis CEO Tavares in Paris spotlight over US crisis Stellantis CEO scheduled to speak at five car show events Under pressure to fix US business after big profit warning Tavares has said he will step down in 2026 Updates paragraph 1, adds Tavares comment in 4 By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Stellantis STLAM.MI CEO Carlos Tavares kicked off a packed schedule of public events at the Paris auto show on Monday with defiant comments about the compan
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Stellantis CEO Tavares in Paris spotlight over US crisis

FOCUS-Stellantis CEO Tavares in Paris spotlight over US crisis Stellantis CEO scheduled to speak at five car show events Under pressure to fix US business after big profit warning Tavares has said he will step down in 2026 By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Carlos Tavares' packed schedule of public events at the Paris auto show on Monday signals the Stellantis STLAM.MI CEO will come out fighting after a massive profit warning in late September, even after a
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Chinese and European automakers face off at Paris car show

Chinese and European automakers face off at Paris car show Chinese brands including BYD, Leapmotor to unveil new models European automakers out in force to defend home turf EU planning tariffs on Chinese-made EVs amid weak market GAC says show marks launch of its European expansion By Nick Carey PARIS, Oct 14 (Reuters) - Chinese and European automakers are going head-to-head at the Paris car show on Monday, with tensions running high as the EU gears up to impose hefty import tariffs on Chinese-m
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Rectangular steering wheels, floating cars and deluxe EVs debut at Paris auto show

FACTBOX-Rectangular steering wheels, floating cars and deluxe EVs debut at Paris auto show PARIS, Oct 14 (Reuters) - Chinese and European automakers are launching new models at the Paris auto show on Monday, with both heavily focusing on their electric ranges, even as demand slows and the EU gears up to impose tariffs on Chinese-made EVs later this month.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 14 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. LVMH LVMH.PA The French luxury group announced on Friday that Fendi artistic director Kim Jones is leaving the Italian fashion house, but will stay on at Dior Homme.
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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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Stellantis CEO says EU carbon rules push industry costs up 40%

UPDATE 1-Stellantis CEO says EU carbon rules push industry costs up 40% Adds details and quotes from Tavares, context ROME, Oct 11 (Reuters) - Stellantis STLAM.MI Chief Executive Carlos Tavares said on Friday current European Union carbon emission rules impose 40% higher costs on the car-making industry at a time when customers are reluctant to buy expensive electric vehicles.
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China trade tensions cast shadow on automakers' investment plans, TomTom CEO says

China trade tensions cast shadow on automakers' investment plans, TomTom CEO says By Mathias de Rozario Oct 11 (Reuters) - Trade tensions between China and the West have put a dampener on carmakers' investment decisions and longer-term outlooks, creating a level of uncertainty in the industry, the CEO of digital mapping specialist TomTom said on Friday.
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Main spending cuts and tax increases in France's 2025 budget

FACTBOX-Main spending cuts and tax increases in France's 2025 budget PARIS, Oct 10 (Reuters) - France's government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts. The following are the main measures: SPENDING CUTS The French government will cut 2,200 jobs.
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many 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 Capital in May 2023. Renault R
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Renault up as analysts flag positive signs from pre-close call

BUZZ-Renault up as analysts flag positive signs from pre-close call ** Shares in Renault RENA.PA rise 3% as analysts flag positive commentary from the French carmaker's pre-close call on Tuesday ** "Renault seems to be doing very, very well," analysts at Stifel say ** "Confounding bears who have extrapolated Stellantis' STLAM.MI recent results, Ren
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