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Reuters - 17 hours ago

DEAL COULD VALUE ARCADIUM BETWEEN $4 BILLION TO $6 BILLION SOURCES

EXCLUSIVE-Rio Tinto in talks to buy lithium miner Arcadium, sources say Arcadium could be valued between $4 billion-$6 billion or higher Talks have been ongoing and continued in London this week- sources By Ernest Scheyder and Clara Denina Oct 4 (Reuters) - Rio Tinto RIO.L RIO.AX has been holding talks to buy lithium miner Arcadium ALTM.N , three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal.

Reuters - 20 hours ago

BMW to invest over $200 million in Brazil by 2028, executive says

BMW to invest over $200 million in Brazil by 2028, executive says SAO PAULO, Oct 4 (Reuters) - BMW BMWG.DE will invest 1.1 billion reais ($201.44 million) in Brazil from 2025 to 2028, the automaker's production chief Milan Nedeljkovic told reporters on Friday in Sao Paulo. The German company is bringing production of its X5 SUV to a plant in Santa Catarina state, the executive said.

Reuters - 22 hours ago

EU votes in favour of hefty tariffs on China-made EV imports

QUOTES-EU votes in favour of hefty tariffs on China-made EV imports Adds VW's SEAT and Hargreaves Lansdown LONDON, Oct 4 (Reuters) - The European Union backed tariffs of up to 45% on imported Chinese electric vehicles (EVs) on Friday as it looks to counter Beijing's subsidies for automakers now targeting Europe. Here is political and industrial reaction to the news: EUROPEAN COMMISSION PRESIDENT URSULA VON DER LEYEN: "The electric vehicle sector holds huge potential for Europe's future competiti

Reuters - 1 day ago

EU votes in favour of hefty tariffs on China-made EV imports

QUOTES-EU votes in favour of hefty tariffs on China-made EV imports Adds Capital Economics, Spanish meat association and French cognac association LONDON, Oct 4 (Reuters) - The European Union backed tariffs of up to 45% on imported Chinese electric vehicles (EVs) on Friday as it looks to counter Beijing’s subsidies for automakers now targeting Europe.

Reuters - 1 day ago

EU votes in favour of hefty tariffs on China-made EV imports

QUOTES-EU votes in favour of hefty tariffs on China-made EV imports Adds EU Commission, Germany, Italy Spain, French and German car associations LONDON, Oct 4 (Reuters) - The European Union backed tariffs of up to 45% on imported Chinese electric vehicles (EVs) on Friday as it looks to counter Beijing’s subsidies for automakers now targeting Europe.

Reuters - 1 day ago

EU votes in favour of hefty tariffs on China-made EV imports

QUOTES-EU votes in favour of hefty tariffs on China-made EV imports LONDON, Oct 4 (Reuters) - The European Commission said on Friday it had received enough support in a vote of EU members to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc's highest profile trade case, risking retaliation from Beijing. Here is reaction to the news: SWEDEN'S MINISTER FOR FOREIGN TRADE BENJAMIN DOUSA: "We have had very positive signals just recently from the Commission that they

Reuters - 1 day ago

EU still negotiating with China on EV tariffs, official says

EU still negotiating with China on EV tariffs, official says BRUSSELS, Oct 4 (Reuters) - Negotiations between the European Union and China on trade differences linked to the import of electric vehicles are ongoing "in good faith", an EU Commission official told journalists on Friday. The EU's investigation into Chinese-made electric vehicles has always pursued the aim of reaching a level playing field and not to "impose tariffs for the sake of imposing tariffs", the official said.

Reuters - 1 day ago

EU tariff vote on China EVs a 'fatal signal' for sector, German carmakers warn, urging compromise

UPDATE 2-EU tariff vote on China EVs a 'fatal signal' for sector, German carmakers warn, urging compromise BMW CEO calls for a quick settlement between EU and China Mercedes-Benz calls tariffs a 'mistake' Volkswagen calls for a negotiated solution Adds context in paragraph 6, VDA comment in 7 By Christoph Steitz FRANKFURT, Oct 4 (Reuters) - Germany's top carmakers on Friday urged Brussels and Beijing to avert looming tariffs on imports of Chinese-made electric vehicles through a negotiated deal,

Reuters - 1 day ago

EU says plans for Chinese EV tariffs obtained necessary support from member states

EU says plans for Chinese EV tariffs obtained necessary support from member states BRUSSELS, Oct 4 (Reuters) - The European Commission's proposal to impose definitive tariffs on Chinese-made electric vehicles has obtained the necessary support from member states, the body said in a statement. The Commission, however, added it would continue negotia

Reuters - 1 day ago

EU presses ahead with Chinese EV tariffs after divided vote

UPDATE 6-EU presses ahead with Chinese EV tariffs after divided vote Commission says it has necessary support for tariffs Says will continue talks on pricing with Beijing More states back tariffs than oppose, many abstentions Case is Commission's biggest trade clash with China in a decade Beijing has threatened retaliation if tariffs go ahead Adds car shares parargraphs 13 and 14, threats of retaliation in paragraphs 16 and 17 and consumer impact in paragraphs 24 and 25 By Philip Blenkinsop BRUS

Reuters - 2 days ago

British auto industry set to miss 2024 EV sales target, trade body warns

British auto industry set to miss 2024 EV sales target, trade body warns Oct 4 (Reuters) - Britain's electric vehicle market will likely miss 2024 targets set by the zero-emission vehicle (ZEV) mandate, a trade body warned on Friday, and called on the new Labour government to introduce incentives for private buyers to speed up the switch to EVs. The comments were made in an open letter to finance minister Rachel Reeves ahead of the Oct.

Reuters - 2 days ago

German union, auto workers call on Germany to vote against EU tariffs on Chinese EVs

German union, auto workers call on Germany to vote against EU tariffs on Chinese EVs BERLIN, Oct 3 (Reuters) - IG Metall, the powerful German labour union, and employee representatives of the nation's major carmakers said in a statement on Thursday that Germany should vote against the introduction of European Union tariffs on Chinese electric vehicles.

Reuters - 2 days ago

Hungary summons German envoy over speech critical of government

UPDATE 1-Hungary summons German envoy over speech critical of government Orban government often at odds with its Western allies German envoy says Hungary moving away from 'its friends' Hungary's top diplomat says her comments 'unacceptable' Recasts with Hungarian foreign minister summoning German envoy over her comments, paragraphs 1, 3-4 By Anita Komuves BUDAPEST, Oct 3 (Reuters) - Hungary's Foreign Minister Peter Szijjarto summoned the German ambassador on Thursday to complain about a speech i

Reuters - 2 days ago

What happens next as China-made EVs investigated by EU?

EXPLAINER-What happens next as China-made EVs investigated by EU? By Philip Blenkinsop BRUSSELS, Oct 4 (Reuters) - The European Commission said on Friday it would adopt tariffs on China-made electric vehicles (EVs) by the end of October after a split vote by EU members. The Commission set tariff rates ranging from from 7.8% for Tesla to 35.3% for SAIC and other producers deemed not to have cooperated with the EU's anti-subsidy investigation.

Reuters - 2 days ago

Hybrids snag precarious pole position at BYD

RPT-BREAKINGVIEWS-Hybrids snag precarious pole position at BYD The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to remove hyperlink in seventh paragraph. By Katrina Hamlin HONG KONG, Oct 3 (Reuters Breakingviews) - Hybrids are moving into pole position at BYD 002594.SZ , 1211.HK . The $122 billion auto- and battery maker is on track to sell more models powered by both a battery and an old-school motor than pure electric vehicles this year.

Reuters - 2 days ago

Barclays ups European cars to 'neutral' on resilient free cash flow

BUZZ-Barclays ups European cars to 'neutral' on resilient free cash flow ** Barclays upgrades its view on the European car sector to "neutral" from "negative" citing resilient cash positions and shareholder returns potential, even as it cuts its estimates after recent big profit warnings ** With a more constructive U.S. and global rate cut narrativ

Reuters - 2 days ago

German envoy urges Hungarians to safeguard relations with EU and NATO

German envoy urges Hungarians to safeguard relations with EU and NATO BUDAPEST, Oct 3 (Reuters) - Germany's envoy to Budapest urged Hungarian public figures to speak out against actions she said were eroding the trust of Hungary's NATO and EU allies, in an unusually critical speech which senior Hungarian officials did not attend. "Hungary is on a path that is leading it away from its friends," the ambassador, Julia Gross, told an audience of diplomats, NGOs and Hungarian officials to mark German

Reuters - 2 days ago

AstraZeneca, Danske Bank, Johnson Matthey

EUROPE RESEARCH ROUNDUP-AstraZeneca, Danske Bank, Johnson Matthey Oct 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Danske Bank and Johnson Matthey, on Thursday. HIGHLIGHTS * AstraZeneca AZN.L : Jefferies cuts target price to 11,400p from 11,700p * Baltic Classifieds Group Plc BCG.L : Berenberg raises target price to 360p from 300p * Danske Bank DANSKE.CO : JP Morgan cuts target price to DKK 185 from DKK 190 * John

Reuters - 2 days ago

Hybrids snag precarious pole position at BYD

BREAKINGVIEWS-Hybrids snag precarious pole position at BYD The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to remove hyperlink in seventh paragraph. By Katrina Hamlin HONG KONG, Oct 3 (Reuters Breakingviews) - Hybrids are moving into pole position at BYD 002594.SZ , 1211.HK . The $122 billion auto- and battery maker is on track to sell more models powered by both a battery and an old-school motor than pure electric vehicles this year.

Reuters - 3 days ago

BMW Rules Out Investing In New Northvolt Funding Round - Bloomberg News

BRIEF-BMW Rules Out Investing In New Northvolt Funding Round - Bloomberg News Oct 2 (Reuters) - BMW RULES OUT INVESTING IN NEW NORTHVOLT FUNDING ROUND - BLOOMBERG NEWS Source text : https://tinyurl.com/23txjule

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