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Voestalpine reorganizes automotive component business sites in Germany

UPDATE 1-Voestalpine reorganizes automotive component business sites in Germany Adds context in para 4-8, company's quote in para 6, info on Dettingen location in para 7 and share move in para 9 By Ozan Ergenay Oct 18 (Reuters) - Voestalpine VOES.VI will reorganize its automotive component business locations in Germany, including the closure of one of the sites, to respond to falling demand and structural changes, the Austrian specialty steelmaker said on Friday.
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China’s smart cars will drive fast, but not far

RPT-BREAKINGVIEWS-China’s smart cars will drive fast, but not far The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, Oct 18 (Reuters Breakingviews) - Enthusiasm for connected cars is about to get a challenging road test in what could be Hong Kong's biggest initial public offering of the year.
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Autoliv's profits meet expectations as outperforms global light vehicle market

UPDATE 3-Autoliv's profits meet expectations as outperforms global light vehicle market Adds detail on pricing in paragraphs 12-14 STOCKHOLM, Oct 18 (Reuters) - Autoliv ALIVsdb.ST , the world's largest maker of airbags and seatbelts, on Friday reported third-quarter profit in line with expectations, although it lowered its sales forecast as its growth outstripped global light vehicle production (LVP).
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AB Volvo profit misses forecast and expects flat truck sales next year

UPDATE 4-AB Volvo profit misses forecast and expects flat truck sales next year Volvo Q3 adj op profit 14.1 bln SEK vs forecast 15.6 bln Order intake and sales dip Anticipates flat 2025 heavy truck markets in Europe, N. America Recasts, adds detail throughout, share price By Marie Mannes STOCKHOLM, Oct 18 (Reuters) - Swedish truck maker AB Volvo VOLVb.ST forecast stagnant demand next year and posted a bigger-than-expected slide in quarterly adjusted earnings on Friday, after reduced freight and
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China approves BNP Paribas, Prudential insurance ventures

UPDATE 1-China approves BNP Paribas, Prudential insurance ventures Adds details, other regulator's speech HONG KONG, Oct 18 (Reuters) - China has approved separate insurance units to be set up by BNP Paribas BNPP.PA and Prudential Financial PRU.N , a regulator said on Friday, as it looks to further open up the world's second-largest insurance market to foreign companies.
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China’s smart cars will drive fast, but not far

BREAKINGVIEWS-China’s smart cars will drive fast, but not far The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, Oct 18 (Reuters Breakingviews) - Enthusiasm for connected cars is about to get a challenging road test in what could be Hong Kong's biggest initial public offering of the year.
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South Africa mulls tax rebates, subsidies to boost local EV industry

South Africa mulls tax rebates, subsidies to boost local EV industry JOHANNESBURG, Oct 17 (Reuters) - South Africa is considering introducing tax rebates or subsidies for consumers to boost buying of electric vehicles, President Cyril Ramaphosa said on Thursday, as Africa's most industrialised economy transitions its automotive industry. Global automakers like Ford F.N , Volkswagen VOWG_p.DE , BMW and Toyota 6201.T manufacture models in South Africa for both the local and European markets.
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Porsche Cars Canada - Porsche Macan Electric Receives Two Years Of Inclusive Electrify Canada Charging

BRIEF-Porsche Cars Canada - Porsche Macan Electric Receives Two Years Of Inclusive Electrify Canada Charging Oct 16 (Reuters) - Porsche Automobil Holding SE PSHG_p.DE : PORSCHE CARS CANADA: PORSCHE MACAN ELECTRIC RECEIVES TWO YEARS OF INCLUSIVE ELECTRIFY CANADA CHARGING PORSCHE CARS CANADA: MACAN ELECTRIC PRICING STARTS AT $94,900, INCLUDING CHARGI
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Adidas AG, Covivio SA, L'Oreal

EUROPE RESEARCH ROUNDUP-Adidas AG, Covivio SA, L'Oreal Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas AG, Covivio SA and L'Oreal, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : RBC raises target price to EUR 265 from EUR 260 * Covivio SA CVO.PA : JP Morgan raises to overweight from neutral * L'Oreal OREP.PA : JP Morgan cuts to underweight from neutral * OCI NV OCI.AS : JP Morgan cuts to neutral from overweight * Wizz
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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Horizon Robotics seeks $696 mln in Hong Kong IPO, would be city's largest in 2024

UPDATE 1-Horizon Robotics seeks $696 mln in Hong Kong IPO, would be city's largest in 2024 Adds deal detail from sixth paragraph By Scott Murdoch SYDNEY, Oct 16 (Reuters) - Chinese autonomous driving firm Horizon Robotics is aiming to raise up to $696 million in a Hong Kong initial public offering, as the city's listings market shows signs of renewed activity after a nearly two-year slump.
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Horizon Robotics seeks $696 mln in Hong Kong IPO, would be city's largest in 2024

UPDATE 1-Horizon Robotics seeks $696 mln in Hong Kong IPO, would be city's largest in 2024 Adds deal detail from sixth paragraph By Scott Murdoch SYDNEY, Oct 16 (Reuters) - Chinese autonomous driving firm Horizon Robotics is aiming to raise up to $696 million in a Hong Kong initial public offering, as the city's listings market shows signs of renewed activity after a nearly two-year slump.
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Tesla gets green light from German authorities for first stage of plant expansion

Tesla gets green light from German authorities for first stage of plant expansion Oct 15 (Reuters) - Tesla TSLA.O came one step closer to achieving its planned doubling of capacity at its plant near Berlin on Tuesday when the local environment ministry granted approval for it to build another large hall. The approval granted permission for the carmaker to proceed with the first of three stages of the expansion, including construction of infrastructure for storage facilities, a battery cell test
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Union slams wage offer for key German industries with threat of strikes

UPDATE 2-Union slams wage offer for key German industries with threat of strikes Employers propose 3.6% rise vs union demand of 7% Siemens, BMW, Mercedes involved in talks Strikes possible from Oct. 29 Updates throughout with formal offer, background, quotes from union and employers' side By Ilona Wissenbach and Alexander Hübner NUREMBERG, Germany, Oct 15 (Reuters) - G ermany's largest industrial union slammed a proposed pay rise for almost 4 million workers in key sectors on Tuesday as too lit
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Stellantis CEO Tavares defends record in Paris over US crisis

FOCUS-Stellantis CEO Tavares defends record in Paris over US crisis Stellantis CEO spoke at four car show events Under pressure to fix US business after big profit warning Tavares cited 'personal reasons' for not seeking further term as CEO CEO did not rule out job cuts to revive business Updates intro, adds detail in 9th paragraph and shares in 14th paragraph By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Stellantis STLAM.MI CEO Carlos Tavares alternated between defia
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Stellantis CEO Tavares in Paris spotlight over US crisis

FOCUS-Stellantis CEO Tavares in Paris spotlight over US crisis Stellantis CEO scheduled to speak at five car show events Under pressure to fix US business after big profit warning Tavares has said he will step down in 2026 Adds Stellantis CEO commentary in paragraphs 5, 6 and 7 By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Stellantis STLAM.MI CEO Carlos Tavares kicked off a packed schedule of public events at the Paris auto show on Monday with comments that alternated
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China-Europe rivalry heats up at Paris car show as EV tariffs loom

REFILE-UPDATE 5-China-Europe rivalry heats up at Paris car show as EV tariffs loom Refiles to add dropped first name and title of Phil Dunne in last paragraph Chinese brands including BYD, Leapmotor unveiling new models European automakers out in force to defend home turf EU planning tariffs on Chinese-made EVs amid weak market BYD warns tariffs will lead to higher prices, deter buyers By Nick Carey PARIS, Oct 14 (Reuters) - Chinese and European automakers went head-to-head at the Paris car show
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Stellantis CEO Tavares in Paris spotlight over US crisis

FOCUS-Stellantis CEO Tavares in Paris spotlight over US crisis Stellantis CEO scheduled to speak at five car show events Under pressure to fix US business after big profit warning Tavares has said he will step down in 2026 Updates paragraph 1, adds Tavares comment in 4 By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Stellantis STLAM.MI CEO Carlos Tavares kicked off a packed schedule of public events at the Paris auto show on Monday with defiant comments about the compan
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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Stellantis CEO Tavares in Paris spotlight over US crisis

FOCUS-Stellantis CEO Tavares in Paris spotlight over US crisis Stellantis CEO scheduled to speak at five car show events Under pressure to fix US business after big profit warning Tavares has said he will step down in 2026 By Nick Carey, Ben Klayman and Gilles Guillaume PARIS, Oct 14 (Reuters) - Carlos Tavares' packed schedule of public events at the Paris auto show on Monday signals the Stellantis STLAM.MI CEO will come out fighting after a massive profit warning in late September, even after a
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