EU countries reach deal on climate laws after late-night talks

EU countries reach deals on package of green policies Countries agree to support 2035 fossil fuel car ban Compromise on fund to shield citizens from CO2 costs EU countries and Parliament will now negotiate final laws LUXEMBOURG, June 29 (Reuters) – EU countries clinched deals on proposed laws to combat climate change on Wednesday, backing … Read more

Toyota, Suzuki take hybrid route in India for local, global markets

NEW DELHI, June 24 (Reuters) – Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) on Friday said they would begin production of hybrid vehicles in India, a category that Toyota has said is currently best suited to such markets. A Toyota plant in southern India would in August begin building a hybrid sport utility … Read more

Toyota, Subaru shares drop on “embarrassing” recalls of first EVs

TOKYO, June 24 (Reuters) – Toyota Motor (7203.T) shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall … Read more

Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

TOKYO, June 24 (Reuters) – Toyota Motor Corp.’s (7203.T) chief lobbied the Japanese government to make clear it supported hybrid vehicles as much as battery electrics or face losing the auto industry’s support, a senior lawmaker told a ruling party meeting. The lobbying by Akio Toyoda, president of Toyota and chairman of the Japan Automobile … Read more

Toyota recalls first mass-produced EVs less than 2 months after launch

2023 Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show in Los Angeles, California, US November, 17, 2021. REUTERS / Mike Blake Register now for FREE unlimited access to Register TOKYO, June 23 (Reuters) – Toyota Motor Corp (7203.T) said on Thursday it would recall 2,700 of its first mass-produced electric … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

Ford recalls 3.3 million vehicles over rollaway concerns

WASHINGTON, June 15 (Reuters) – Ford Motor Co (FN) is recalling more than 3.3 million vehicles in North America that could roll away because a damaged or missing part may prevent the vehicle from shifting into the intended gear. In a filing with the National Highway Traffic Safety Administration (NHTSA), Ford said Wednesday the recall … Read more

Morning Bid: Looking at the bright side of markets

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 18, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Register A look at the day ahead in markets from Sujata Rao It’s a pretty eventful day in markets. US … Read more

Apple dives deeper into cars with software for car dashboards

June 6 (Reuters) – Apple Inc (AAPL.O) on Monday announced it would more deeply integrate its software into the instrument cluster on the dashboard of cars that will start shipping next year, while analysts and developers are keenly awaiting any hints about how a future mixed-reality headset might work. Apple also announced that its new … Read more

Biden wishes Elon Musk ‘luck’ on trip to the moon after job cut remark

US President Joe Biden delivers remarks on the monthly US jobs report, at the Rehoboth Beach Convention Center, in Rehoboth Beach, Delaware, US, June 3, 2022. REUTERS / Tom Brenner Register now for FREE unlimited access to Register REHOBOTH BEACH, Del., June 3 (Reuters) – US President Joe Biden, asked on Friday about Tesla … Read more