Autos
MEXICO CITY NAFTA negotiators discussed rules of origin on Monday as the Trump administration’s expected request for U.S.-specific automotive content requirements was emerging as a major obstacle to a deal, auto industry lobbyists said.
UPDATE 1-Hyundai Motor hit again by supply disruption in China
* A supplier has refused to provide parts for air intake systems (Recasts and writes through with details on supply disruption)
Australia fresh vehicle sales reach record for August: report
SYDNEY Australian fresh vehicle market liked a fourth straight month of record sales in August, a sign consumer spending was holding up across the economy despite sluggish wage growth.
Australia fresh vehicle sales reach record for Aug – report
SYDNEY, Sept five Australian fresh vehicle market liked a fourth straight month of record sales in August, a sign consumer spending was holding up across the economy despite sluggish wage growth.
Hyundai Motor suspends output at a China factory due to supply disruption
SEOUL, Sept five Hyundai Motor said on Tuesday it had suspended production at one of its China factories due to a supply disruption.
PRESS DIGEST- British Business – Sept five
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
U.S. autos content requests loom as obstacle in NAFTA talks
MEXICO CITY, Sept four NAFTA negotiators discussed rules of origin on Monday as the Trump administration’s expected request for U.S.-specific automotive content requirements was emerging as a major obstacle to a deal, auto industry lobbyists said.
European shares slip on worries over North Korea nuclear test
MILAN News of North Korea’s latest nuclear test hit European shares on Monday but failed to trigger a massive sell-off as investors seem to get used geopolitical tensions.
REFILE-UPDATE 2-European shares slip on worries over North Korea nuclear test
MILAN, Sept four News of North Korea’s latest nuclear test hit European shares on Monday but failed to trigger a massive sell-off as investors seem to get used geopolitical tensions.
Classic car prices skid but diamonds and wine shine – Coutts
LONDON, Sept four The super-rich have seen their jewellery, fine wine and musical instrument collections leap in value again but the Old Master paintings and garages utter of classic cars have been a bit of a haul, according to fresh figures.
Merkel pledges more funds to clean up city air
BERLIN German Chancellor Angela Merkel announced plans on Monday to dual to one billion euros ($1.Nineteen billion) a fund aimed at cleaning up urban transport, in an effort to avert bans of diesel vehicles in some cities.
Motor racing: Ferrari proceed with tobacco sponsor
LONDON The Ferrari Formula One team and tobacco company Philip Morris International announced on Monday the renewal of one of the longest-running and least visible sponsorships in sport.
UPDATE 2-Merkel pledges more funds to clean up city air
BERLIN, Sept four German Chancellor Angela Merkel announced plans on Monday to dual to one billion euros ($1.Nineteen billion) a fund aimed at cleaning up urban transport, in an effort to avert bans of diesel vehicles in some cities.
Tyremaker Pirelli to sell forty percent stake in Milan market comeback
MILAN Italian tyremaker Pirelli, bought by state-owned China National Chemical (ChemChina) two years ago, will sell up to forty percent of its equity capital in an initial public suggesting as it plans to comeback to the Milan stock exchange in October.
UPDATE 2-Tyremaker Pirelli to sell forty pct stake in Milan market comeback
* Pirelli sees forty pct dividend payout as of two thousand eighteen results (Adds valuation according to joint global coordinator)
Motor racing-Ferrari proceed with tobacco sponsor
LONDON, Sept four The Ferrari Formula One team and tobacco company Philip Morris International announced on Monday the renewal of one of the longest-running and least demonstrable sponsorships in sport.
Brazil bus maker Marcopolo keeps factory closed after blaze
SAO PAULO Brazilian bus maker Marcopolo SA kept its thickest factory in the country closed on Monday after a fire that did not harm the assembly line there, according to the company.
Brazil bus maker Marcopolo keeps factory closed after blaze
SAO PAULO, Sept four Brazilian bus maker Marcopolo SA kept its fattest factory in the country closed on Monday after a fire that did not harm the assembly line there, according to the company.
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Autos, Reuters
Autos
BEIJING/SEOUL Hyundai Motor Co is at loggerheads with its Chinese playmate over efforts to cut supplier costs, as they grapple with cut-throat competition and the influence of a stand-off inbetween Beijing and Seoul, four people familiar with the dispute said.
BRIEF-Ziwo Holdings announces unit’s dealership agreement with Yadea Group Holdings
* Co’s unit signed a dealership agreement to market & sell electrified motor scooters made by Yadea Group Holdings
Scottish government shifts policy gear, creates national investment bank
EDINBURGH Scotland’s Very first Minister Nicola Sturgeon announced a series of measures to boost the economy on Tuesday, including the creation of a national bank to support investment and innovation.
Scottish government shifts policy gear, creates national investment bank
EDINBURGH, Sept five Scotland’s Very first Minister Nicola Sturgeon announced a series of measures to boost the economy on Tuesday, including the creation of a national bank to support investment and innovation.
Scotland aims to phase out fresh petrol, diesel cars by two thousand thirty two
EDINBURGH Scotland plans to phase out fresh petrol and diesel cars by 2032, eight years earlier than under proposals set out by the London government, Scotland’s Very first Minister Nicola Sturgeon said on Tuesday.
Scotland aims to phase out fresh petrol, diesel cars by two thousand thirty two
EDINBURGH, Sept five Scotland plans to phase out fresh petrol and diesel cars by 2032, eight years earlier than under proposals set out by the London government, Scotland’s Very first Minister Nicola Sturgeon said on Tuesday.
BRIEF-Gaz and Eastern Petroleum to supply buses to Philippines
* SAYS SIGNS AGREEMENT WITH PHILIPPINES-BASED EASTERN PETROLEUM ON GAZ BUSES DISTRIBUTION Source text: http://bit.ly/2xMdcyP Further company coverage: (Gdynia Newsroom)
GM’s Canada vehicle sales rise 28.Five percent in August
General Motors Co said on Tuesday its vehicle sales in Canada rose 28.Five percent in August from a year ago, the eighth straight monthly increase.
GM’s Canada vehicle sales rise 28.Five pct in August
Sept five General Motors Co said on Tuesday its vehicle sales in Canada rose 28.Five percent in August from a year ago, the eighth straight monthly increase.
BRIEF-Kandi Technologies Group says Kandi Electrical Vehicles Group sold Trio,213 units of electrical vehicle products in August
* Kandi Technologies Group Inc – Kandi Electrified Vehicles Group Co., Ltd. ( jv company) sold Trio,213 units of electrical vehicle products in August Source text for Eikon: Further company coverage:
BRIEF-Volkswagen and IBM develop digital mobility services together
* VOLKSWAGEN AND IBM DEVELOP DIGITAL MOBILITY SERVICES TOGETHER
Brazil plans to unveil fresh rules for car subsidies -report
BRASILIA, Sept five Brazil plans to unveil fresh rules for subsidies to automobile manufacturers by Oct. Three after its original program was reproached by the World Trade Organization last month, Valor Econômico said on Tuesday.
Russia informed of recall of 7,670 Volkswagen cars: standards agency
MOSCOW Russia’s standards agency said on Tuesday it had been informed of a recall of 7,670 cars of Volkswagen NFZ Multivan T5 and T6 models by Volkswagen Group sold inbetween two thousand fourteen and 2016.
BRIEF-Xiamen King Long Motor’s Aug coach sales down Eighteen.7 percent y/y
Sept five Xiamen King Long Motor Group Co Ltd * Says it sold Four,345 coaches in Aug, down Legal.7 percent y/y Source text in Chinese:http://bit.ly/2gBCl7c Further company coverage: (Reporting by Hong Kong newsroom)
Russia informed of recall of 7,670 Volkswagen cars -standards agency
MOSCOW, Sept five Russia’s standards agency said on Tuesday it had been informed of a recall of 7,670 cars of Volkswagen NFZ Multivan T5 and T6 models by Volkswagen Group sold inbetween two thousand fourteen and 2016. (Writing by Dmitry Solovyov; Editing by Polina Devitt)
Grind fresh car registrations leap 16.Four pct in August
WARSAW, Sept five Fresh car registrations in Poland hopped 16.Four percent last month from a year earlier, data demonstrated on Tuesday, helped by corporate purchases as a strong economy enabled companies to spend more.
BRIEF-China Jialing Industrial posts motorcycle sales for Aug, Jan-Aug
* Says it sold four hundred fifty one motorcycles in Aug, 20,228 motorcycles in Jan-Aug
BRIEF-Great Wall Motor Co says total sales volume for August 73,663 units
* Total production volume for august 71,646 units Source text (http://bit.ly/2w1Hnjo) Further company coverage: ([email protected])
Turkey’s Kibar aiming for third model at Hyundai Assan factory, chairman says
ISTANBUL, Sept five Turkish conglomerate Kibar Holding has plans to produce a third vehicle model at its Hyundai Assan factory in northwest Turkey, albeit the decision has not yet been finalised, chairman Ali Kibar told Reuters on Tuesday.
BRIEF-Beiqi Foton Motor’s vehicle sales down in August
* Says it sold 37,520 vehicles in Aug versus 41,186 vehicles year ago