Newswire

  • Newswire

    Kobe Steel Admits Possible Data Fabrication  

    Japan's third-biggest steelmaker confirms a media report that it may have fabricated data on iron-powder products whose applications include automotive gears....More
  • Newswire

    BRIEF-Ta Yang Group's unit sells Dongguan Tai Yang Rubber Plastic Industrial  

    Oct 11 (Reuters) - Ta Yang Group Holdings Ltd * Unit ‍disposes of 100 pct equity interest in Dongguan Tai Yang Rubber Plastic Industrial Company Ltd * Deal for HK$55.8 mln‍​ * ‍Expected to record an unaudited gain from disposal of about HK$1.9 million Source text for Eikon: Further company coverage:...More
  • Newswire

    BRIEF-Porsche Cars North America introduces SUV subscription program  

    Oct 10 (Reuters) - Porsche Cars North America: * Introducing new SUV subscription program for "flexible access" to Porsche vehicles via a mobile app​‍​ Source text for Eikon:...More
  • Newswire

    U.S. Chamber of Commerce Slams Trump on NAFTA  

    While President Donald Trump in an interview reiterated his desire to scrap the trade deal, U.S. Chamber of Commerce President and CEO Thomas Donohue says a plan to make automakers source more parts in North America "would actually send business overseas."...More
  • Newswire

    U.S. dealer lobby head criticizes automakers' bonus program  

    By Nick Carey DETROIT, Oct 10 (Reuters) - The head of the National Automobile Dealers Association (NADA) on Tuesday criticized automakers' use of so-called stair-step bonus programs, calling them harmful to U.S. auto dealers, to consumer confidence and brand loyalty....More
  • Newswire

    UPDATE 3-In rightward shift, Dutch PM seals new government pact  

    * Coalition deal follows marathon four-party talks * New cabinet plans sweeping tax cuts * No major clampdown on migrants expected (Recasts with reactions, adds details on tax reform) By Toby Sterling and Bart H. Meijer THE HAGUE, Oct 10 (Reuters) - Dutch Prime Minister Mark Rutte sealed a deal to form a new coalition government on Tuesday, announcing a major tax overhaul and steering the Netherlands towards the political right....More
  • Newswire

    REUTERS SUMMIT-LME poised to join electric car revolution with cobalt sulphate contract  

    * For other news from Reuters Global Commodities Summit, click on http://www.reuters.com/summit/COMMODITIES17 * LME plans to launch suite of contracts in one go in 18-24 months * Room in the market for two paralell cobalt contracts * Benchmark for cash-settled cobalt has to be IOSCO compliant By Pratima Desai...More
  • Newswire

    Fitch Affirms Toyota Motor Credit Corporation and Affiliates at 'A'; Outlook Stable  

    (The following statement was released by the rating agency) NEW YORK, October 10 (Fitch) Fitch Ratings has affirmed the ratings for Toyota Motor Credit Corporation (TMCC) and its affiliates, Toyota Motor Finance (Netherlands) B.V., Toyota Credit Canada Inc., Toyota Finance Australia Limited, and Toyota Kreditbank GmbH at 'A/F1'. The Rating Outlook is Stable....More
  • Newswire

    Magna joins BMW, Intel in Autonomous-Car Project  

    The Canadian auto-parts manufacturer and contract assembler joins the German automaker, the U.S. computer-chip producer and other consortium members looking to put self-driving cars on the road by about 2021...More
  • Newswire

    Canada's Magna joins BMW, Intel self-driving car project  

    Oct 10 (Reuters) - Canadian auto parts producer Magna International Inc said on Tuesday it has joined a consortium including BMW and Intel Corp to develop a self-driving vehicle platform for the use of auto makers by 2020. Magna will be a tier 1 technology integrator and help automakers industrialize the platform designed by the consortium, the Canadian company in a statement. (Reporting by Munsif Vengattil in Bengaluru; editing by Patrick Graham)...More
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