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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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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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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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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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Outgoing Daimler Truck CEO sees no recovery in China and Germany

UPDATE 1-Outgoing Daimler Truck CEO sees no recovery in China and Germany Recasts headline and paragraph 1, adds context in 2-7 MUNICH, Oct 2 (Reuters) - A recovery in Chinese and German truck markets will not come quickly, Martin Daum, the outgoing CEO of the world's biggest truck maker Daimler Truck DTGGe.DE , told a press event late on Tuesday.
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European automakers most at risk from US dockworkers strike, analysts say

UPDATE 2-European automakers most at risk from US dockworkers strike, analysts say Adds Stellantis and VW comments in paragraph 12 and 17 Dockworkers' strike halts flow of half the nation's ocean shipping European automakers most affected due to reliance on East and Gulf Coast ports Detroit automakers may benefit from reduced industry inventories Group representing major automakers urges White House to broker a resolution Shortage of parts could lead some automakers to reduce vehicle production
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Auto group warns protracted port strike will be 'debilitating'

Auto group warns protracted port strike will be 'debilitating' WASHINGTON, Oct 1 (Reuters) - A group representing major automakers on Tuesday warned a prolonged strike by workers at U.S. East and Gulf Coast ports would be "debilitating" and urged the White House to broker a resolution. John Bozzella, president and CEO of the Alliance for Automotive Innovation that represents General Motors GM.N , Toyota Motor 7203.T , Volkswagen VOWG_p.DE , Hyundai 005380.KS and most other automakers, noted the
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U.S. light-vehicle sales volumes in Q3 2024

TABLE-U.S. light-vehicle sales volumes in Q3 2024 Oct 3 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q3 2024: AUTOMAKER Q3 2024 Q3 2023 PCT CHNG 1 General Motors 659,601 674,336 -2.2% 2 Toyota Motor^ 542,872 590,296 -8.0% 3 Ford Motor 504,039 500,504 0.7% 4 Honda Motor Co^^ 366,214 339,143 8.0% 5 Fiat Chrysler 305,294 380,
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European automakers most at risk from US dockworkers strike, analysts say

European automakers most at risk from US dockworkers strike, analysts say DETROIT, Oct 1 (Reuters) - European automakers are most likely affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could hit the industry more broadly if suppliers suffer, analysts said.
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US dockworkers strike, halting half the nation's ocean shipping

UPDATE 12-US dockworkers strike, halting half the nation's ocean shipping ILA strike is first such action by the union since 1977 Strike could cost the economy an estimated $5 billion a day Strike disputes include pay, terminal automation project issues White House officials hope for short strike, sources say Adds no active bargaining late on Tuesday in paragraph 4, Trump comment in paragraphs 17-18, Transportation Secretary Buttigieg comment paragraph 20, Republican governor comment in paragrap
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AstraZeneca in AI collaboration with Immunai to inform cancer drug trials

AstraZeneca in AI collaboration with Immunai to inform cancer drug trials Sept 26 (Reuters) - AstraZeneca will pay $18 million to biotechnology firm Immunai Inc to use the New York-based firm's AI model of the immune system to make certain cancer drug trials more efficient, the latter said on Thursday. This is the latest in a string of tie-ups by Anglo-Swedish drugmaker AstraZeneca to use artificial intelligence for drug discovery and development, including a $247 million deal with U.S.-based Ab
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US business equipment borrowings fall 10% Y/Y in August, ELFA says

US business equipment borrowings fall 10% Y/Y in August, ELFA says Sept 24 (Reuters) - U.S. companies borrowed 10% less to finance equipment investments in August compared with the year-ago period, the Equipment Leasing and Finance Association (ELFA) said on Tuesday . New loans, leases and lines of credit signed up by companies in August were also down 17% from $11.1 billion a month earlier.
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New US rule would require GM, Ford to halt imports of cars they build in China, official says

UPDATE 2-New US rule would require GM, Ford to halt imports of cars they build in China, official says Adds file photo available, no other changes By David Shepardson WASHINGTON, Sept 23 (Reuters) - General Motors GM.N and Ford Motor F.N would need to stop importing vehicles to the U.S. from China under a proposed rule cracking down on Chinese software and hardware , a U.S.
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Some 40% of regions, cities and companies lack emissions-cut targets, survey says

Some 40% of regions, cities and companies lack emissions-cut targets, survey says By David Stanway SINGAPORE, Sept 23 (Reuters) - More than 40% of major companies, cities and regions have still not set any targets to cut greenhouse gas emissions, according to an annual "stocktake" released on Monday to gauge global progress in the fight against catastrophic climate change.
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Drivers more likely to be distracted while using partial automation tech, study shows

UPDATE 1-Drivers more likely to be distracted while using partial automation tech, study shows Adds response section with statement from Volvo in paragraph 17; adds location in paragraph 2 By Abhirup Roy Sept 17 (Reuters) - Drivers are more likely to engage in non-driving activities such as checking their phones when using partial automation systems, new research showed on Tuesday.
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Daimler Truck to start series production of fully-electric heavy truck

Daimler Truck to start series production of fully-electric heavy truck HANNOVER, Sept 15 (Reuters) - Daimler Truck DTGGe.DE will start producing its first fully-electric heavy truck Mercedes-Benz eActros 600 in November this year, the bus and truckmaker said on Sunday. Daimler Truck received 2,000 orders for the eActros600 after sales began at the end of last year.
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Volvo Trucks delays start of construction for battery plant in Sweden

CORRECTED-Volvo Trucks delays start of construction for battery plant in Sweden Corrects in headline and paragraph 1 to make clear the planned factory is in Sweden, not Mexico, removes references to Volvo's Mexico and North America plans in final paragraphs COPENHAGEN, Sept 13 (Reuters) - Sweden's Volvo VOLVb.ST , a global leader in electric trucks, said it would delay the construction start of its planned battery plant in Mariestad in Sweden .
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Mexico's commercial vehicle sales expected to hit record in 2024

Mexico's commercial vehicle sales expected to hit record in 2024 MEXICO CITY, Sept 11 (Reuters) - Sales of commercial vehicles in Mexico could hit a record this year, the Mexican Automotive Distributors Association (AMDA) said on Wednesday. WHY IT'S IMPORTANT Mexico exported $593 billion worth of goods in 2023, with much of it transported over land using trucks or tractor-trailers.
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