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American father and son plead guilty to helping former Nissan Chairman Ghosn flee Japan
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Mohamed Azakir/File PhotoAn American father and son pleaded guilty in Tokyo on Monday to charges that they illegally helped former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn flee Japan hidden in a box aboard a private jet in December 2019. Extradited to Japan from the United States in March, father and son are being held at the same jail in Tokyo where Ghosn was detained. Prosecutors have accused them of helping Ghosn evade punishment and escape to Lebanon from western Japan's Kansai airport, receiving $1.3 million for their services. Ghosn, who denies any wrongdoing, remains a fugitive in his childhood home, which has no extradition treaty with Japan. Greg Kelly, a former Nissan executive charged with helping Ghosn hide his earnings, is also standing trial in Tokyo.
Persons: Carlos Ghosn, Mohamed Azakir, Michael Taylor, Peter, Ghosn, Greg Kelly Organizations: Nissan, Renault, Holy Spirit University of Kaslik, REUTERS, Nissan Motor Co, U.S . Army Special Forces, Tokyo Prosecutors, Prosecutors, Taylors, Thomson Locations: Jounieh, Lebanon, American, Tokyo, Japan, United States, Kansai, U.S
EXCLUSIVE Carlos Ghosn pledges lengthy fight to clear his name
  + stars: | 2021-06-14 | by ( Maha Dahan | ) www.reuters.com + 0.00   time to read: +5 min
Fugitive former car executive Carlos Ghosn, and his wife Carole Ghosn, talk during an interview with Reuters in Beirut, Lebanon June 14, 2021. Ghosn said the only questions he did not answer were those relating to the Japanese prosecution, on advice from his lawyers. The notice means Ghosn risks arrest if he travels outside Lebanon, which has no extradition agreement with Japan. The pair, who are being held at the same jail in Tokyo where Ghosn was detained in 2018, could face up to three years in prison. "If you plead innocent you will have a very long ordeal, so there is something totally wrong," Ghosn said.
Persons: Carlos Ghosn, Carole Ghosn, Mohamed Azakir, Ghosn, Carole, Ghosn's, Greg Kelly, Kelly, Organizations: Reuters, REUTERS, Interpol, Renault, Nissan, Mitsubishi, Beirut's, Justice, U.S . Army Special Forces, Thomson Locations: Beirut, Lebanon, Japan, Lebanese, France, Tokyo, Jan
Britain’s economic recovery continues as lockdowns end.
  + stars: | 2021-06-11 | by ( Eshe Nelson | ) www.nytimes.com + 0.00   time to read: +13 min
Britain’s economic recovery continues as lockdowns end. The British economy grew 2.3 percent in April from the month before, the third consecutive month of growth. At the end of April, the British economy was 3.7 percent smaller than it was before the pandemic. The economic impact of a delay “would be minor,” said analysts at Berenberg bank. And their pay jumped 14.1 percent last year compared with 2019, while median workers got only a 1.9 percent raise.
Persons: Mary Turner, Boris Johnson, , Pandora, Read, aren’t, “ We’re, Jim Jaye of Sherwin, Williams, Didi Chuxing, Didi, Kuaidi, Uber, Xiaoju Kuaizhi, Cheng Wei, Jean Liu, , Chris Pizzello, Patrick Kelley, Carol Wilkerson, Greg Stanton, Isabella Casillas Guzman, , Tracey Tee, Tee, Ms, Wilkerson, Kelley, Stacy Cowley, Peter Eavis, Sarah Anderson, Madden, Sims, “ We’ve Organizations: The New York Times, Federal Reserve, Renault, West Texas Intermediate, The, Business Administration, Associated, Small Business Administration, Disaster, Arizona Democrat, Entertainment, Mothers Media, Social Security Administration, Social, The Times, Institute for Policy Studies, Electronic Arts, FIFA Locations: London, The New York Times Britain, British, Berenberg, Britain, U.S, United States, Europe, French, Danish, China, Beijing, Brazil, Mexico, Japan, Abu Dhabi, Latin America, Russia, South Africa, Los Angeles, Arizona, FIFA
France's Citroen charged with consumer fraud over dieselgate probe
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
The logo of Citroen is seen on a new electric car AMI during a media presentation in Paris, France, August 25, 2020. REUTERS/Charles PlatiauCarmaker Stellantis (STLA.MI) said on Thursday that its French Citroen unit had been charged with consumer fraud by French prosecutors in a far-reaching diesel emissions probe. Citroen would have to make a deposit of 8 million euros and provide a bank guarantee of 25 million euros for potential compensation for losses, Stellantis said in a statement. Renault (RENA.PA), Peugeot, owned by Stellantis, and Volkswagen France, the French unit of German carmaker Volkswagen (VOWG_p.DE), have also been charged in France over the dieselgate investigation. Several carmakers in Europe have come under scrutiny since the Volkswagen "dieselgate" scandal which erupted in 2015 over test-cheating in the United States, at a time when regulators are becoming ever tougher on pollution standards.
Persons: Charles Platiau Carmaker, Stellantis Organizations: Citroen, AMI, REUTERS, French Citroen, Renault, Peugeot, Stellantis, Volkswagen France, Volkswagen, Thomson Locations: Paris, France, French, Europe, United States
France charges Peugeot with consumer fraud in diesel emissions probe
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
(Reuters) - Stellantis said on Wednesday a French court has charged its Peugeot unit with consumer fraud in a far-reaching diesel emissions probe, ordering the company to provide 30 million euros ($36 million) in guarantees for potential payouts. FILE PHOTO: The logo of French car manufacturer Peugeot is seen at Brussels Motor Show, Belgium January 9, 2020. The Peugeot investigation focuses on older diesel vehicles sold in France between 2009 and 2015 and stems from a wider probe French authorities launched in 2017 over alleged emissions test cheating by diesel vehicle manufacturers. Several European carmarkers have come under scrutiny since the Volkswagen “dieselgate” scandal which erupted in 2015 over test cheating in the United States. A French court on Tuesday charged carmaker Renault with alleged deception and test manipulation of some of its older diesel vehicles.
Persons: Stellantis, Francois Lenoir, Peugeot, , carmaker Organizations: Reuters, Peugeot, REUTERS, Citroen, FCA Italy, Fiat Chrysler, French PSA Group, Volkswagen, carmaker Renault, Renault, U.S Locations: Brussels, Belgium, Paris, France, United States
FILE PHOTO: The logo of carmaker Renault is pictured at a dealership in Vertou, near Nantes, France, January 13, 2021. REUTERS/Stephane MahePARIS (Reuters) - French carmaker Renault said on Wednesday it will combine three of its plants in northern France into a new legal entity, Renault ElectriCity, that will produce 400,000 vehicles a year by 2025. “Renault Group and the representative trade unions (CFDT, CFE-CGC, CFTC, CGT, FO and SUD) have signed an agreement for the future of the Renault sites in the Hauts-de-France region”, the carmaker said. “This agreement gives birth to Renault ElectriCity: the legal entity wholly owned by Renault SAS and grouping together the industrial sites of Douai, Maubeuge and Ruitz (...)”, it added. Douai is a car assembly site, Maubeuge a commercial vehicles assembly plant and the Ruitz site, which manufactures gear boxes, will be assigned a new electrical components manufacturing role, Renault said.
Persons: Stephane Mahe, carmaker Renault, Luca de Meo, Renault Organizations: Renault, REUTERS, Stephane Mahe PARIS, Reuters, Volkswagen, “ Renault Group, CGC, Renault SAS, Paris, CAC Locations: Vertou, Nantes, France, CFE, Hauts, de, Douai, Maubeuge
France's Renault charged with deception over dieselgate probe
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -0.98   time to read: 1 min
The logo of carmaker Renault is pictured at a dealership in Vertou, near Nantes, France, January 13, 2021. REUTERS/Stephane MaheFrench carmaker Renault (RENA.PA) said on Tuesday French judicial authorities have charged the firm with deception over a diesel emissions probe launched in 2017. Renault said the company has been ordered to make a 20 million euros ($24.36 million) deposit as part of the probe. The company said, in addition, it will have to provide 60 million euros in bank guarantees to cover potential damages. "All Renault vehicles have always been approved in accordance with applicable laws and regulations", the group said in a statement.
Persons: Stephane Mahe Organizations: Renault, REUTERS, Thomson Locations: Vertou, Nantes, France, Stephane Mahe French
The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko/File PhotoRenault-Nissan India wants the government to recommend "adequate social distancing" parameters based on norms in other automakers in the state, it said in a filing reviewed by Reuters, amid an ongoing dispute with the workers union over safety. "This honourable court may be pleased to ... direct the officers of Directorate of Industrial Safety and Health to recommend what the "adequate social distancing" parameters are," Renault-Nissan said in the filing. M Moorthy, the general secretary of the Renault-Nissan India workers union, said there was a stalemate in talks with the company, and that a counsel for the union will file a counter petition. Our Standards: The Thomson Reuters Trust Principles.
Persons: Valentyn Organizations: Nissan, Renault, REUTERS, Reuters, of Industrial Safety, Health, Nissan India, Thomson Locations: Kyiv, Ukraine, Nissan India
The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko/File PhotoRenault-Nissan India wants the Tamil Nadu state government to recommend adequate social distancing measures based on practices at other automakers amid a dispute with its workers union over safety. M Moorthy, the general secretary of the Renault-Nissan India workers union, said the union will file a counter petition. The Renault-Nissan plant resumed operations last week after workers earlier went on strike saying they felt unsafe due to a rising number of coronavirus infections at the factory. Ford and Hyundai also halted work at their plants last month after workers protested and some went on strike.
Persons: Valentyn, Moorthy Organizations: Nissan, Renault, REUTERS, Maruti, Hyundai, Kia, Ford, BMW, Nissan India, Ford Motor, Hyundai Motor, Thomson Locations: Kyiv, Ukraine, Nissan India, Tamil, KS, Chennai
REUTERS/Valentyn Ogirenko/File PhotoAn Indian court tasked industrial safety officials on Tuesday with visiting carmakers in the southern state of Tamil Nadu to draw up uniform safety guidelines for workers during a second devastating wave of COVID-19 infections amid the pandemic. The workers' union would file a counter petition, said M Moorthy, its general secretary. "Other manufacturers need to adopt the best practices we are pushing for, not the other way around," he told Reuters. read moreTamil Nadu, home to a flourishing automobile industry, is one of the Indian states worst hit by the pandemic. Ford and Hyundai also halted work at their plants last month after workers protested and some went on strike.
Persons: Valentyn Organizations: Nissan, Renault, REUTERS, Workers, Court, Reuters, Maruti, Hyundai, Kia, Ford, BMW, Labour, Ford Motor, Hyundai Motor, Thomson Locations: Kyiv, Ukraine, Tamil Nadu, Madras, KS, Chennai
Renault Charged in France in Emissions Fraud Probe
  + stars: | 2021-06-08 | by ( Kimberly Chin | ) www.wsj.com sentiment -0.99   time to read: 1 min
French prosecutors on Tuesday brought preliminary charges against Renault SA on suspicion of emissions fraud, adding to the fallout for auto makers following Volkswagen AG’s emission scandal. The French auto maker said Tuesday it would need to pay a bail of 20 million euros, equivalent to $24.4 million, and provide bank guarantees of 60 million euros to compensate potential damages as part of the probe related to older diesel vehicles. Renault denied wrongdoing and said its “vehicles have all and always been type-approved in accordance with applicable laws and regulations.”It added that its vehicles aren’t equipped with rigging software for pollution-control devices. French authorities opened an investigation into Renault in 2017 to probe whether the French auto maker engaged in fraudulent practices that made its diesel-powered vehicles “dangerous to human and animal health.”
Persons: Organizations: Renault SA, Volkswagen, Renault
The Rimac Nevera. The Rimac Nevera. RimacFrom there, Rimac's company found itself with plenty of work. Mate Rimac with the Rimac Nevera. Whichever way it turned around, Rimac's company went from a garage project to a global name in 12 years.
Persons: Rimac, Rimac Automobili, Mate Rimac, Enzo Ferrari, we've, Aston Martin, Koenigsegg, Marko Pejković, Pejković, Marko, Automobili, it'll, Rimac's Organizations: EV, BMW, European Union, European Commission, EU, Siemens, Brembo, Renault, Porsche, Geneva, Pininfarina, Hyundai Locations: Croatian, Croatia, Spanish, Europe, Zagreb
Renault to combine three French plants for electric vehicles hub
  + stars: | 2021-06-03 | by ( ) www.reuters.com sentiment -0.98   time to read: 1 min
The logo of carmaker Renault is pictured at a dealership in Vertou, near Nantes, France, January 13, 2021. REUTERS/Stephane Mahe/File PhotoFrench carmaker Renault (RENA.PA) will combine three of its plants in northern France into a new legal entity, Renault ElectriCity, to focus on electric vehicle manufacturing, two sources close to the matter told Reuters. The new company will include the Douai car assembly site, the Ruitz gearbox manufacturing site and the Maubeuge commercial vehicles assembly plant from Jan. 1, 2022. Renault confirmed that a new project will be submitted to unions next week but declined further comment. Our Standards: The Thomson Reuters Trust Principles.
Persons: Stephane Mahe, carmaker Organizations: Renault, REUTERS, carmaker Renault, Reuters, Thomson Locations: Vertou, Nantes, France, Douai
Rimac told Insider how he took his company from side project to major auto supplier in a decade. The Rimac Nevera. Rimac AutomobiliHis BMW became well known, and Rimac started offering EV conversions. Mate Rimac with the Rimac Nevera. Whichever way it turned around, Rimac's company went from a garage project to a global name in 12 years.
Persons: Rimac, Rimac Automobili, Mate Rimac, Enzo Ferrari, we've, Aston Martin, Koenigsegg, Marko Pejković, Pejković, Marko, Automobili, it'll, Rimac's Organizations: EV, BMW, European Union, European Commission, EU, Siemens, Brembo, Renault, Porsche, Geneva, Pininfarina, Hyundai Locations: Croatian, Croatia, Spanish, Europe, Zagreb
French manufacturing grows at fastest rate in 20 years in May - PMI
  + stars: | 2021-06-01 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
FILE PHOTO: An employee works on the automobile assembly line of Bluecar electric city cars at Renault car maker factory in Dieppe, western France, September 1, 2015. REUTERS/Philippe Wojazer/File PhotoPARIS (Reuters) - French manufacturing activity expanded at the fastest rate in more than two decades in May as firms struggled to work off backlogs built up during the coronavirus pandemic, a survey showed on Tuesday. Data compiler IHS Markit said its final purchasing managers’ index rose to 59.4 from 58.9 in April, hitting the highest level since September 2000. That was even slightly better than a preliminary reading of 59.2 and took the index further above the 50-point line dividing expansions in activity from contractions. “The key challenge now for firms is being able to keep up with workloads,” IHS Markit economics director Andrew Harker said.
Persons: Philippe Wojazer, Andrew Harker Organizations: Renault, REUTERS, PARIS Locations: Dieppe, France
Indian court orders COVID-related audit of Renault-Nissan plant
  + stars: | 2021-05-31 | by ( Sudarshan Varadhan | Aditi Shah | ) www.reuters.com sentiment -1.00   time to read: +2 min
CHENNAI (Reuters) - An Indian court on Monday ordered officials to inspect coronavirus-related safety protocols at Renault-Nissan’s Tamil Nadu car plant, where workers are on strike over allegations that social distancing rules are not being followed. FILE PHOTO: The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. Nissan, which owns a majority stake in the plant, denied the allegations in court, saying it follows all guidelines. Renault-Nissan, Ford and Hyundai halted work at their plants last week after workers protested and some went on strike. “Distancing norms have to be maintained without exception, the court said, directing the management and workers to arrive at an amicable solution.
Persons: Valentyn, Organizations: Renault, Nissan, REUTERS, Workers, Ford, Hyundai, ” Renault Locations: CHENNAI, Tamil, Kyiv, Ukraine, India, Tamil Nadu, Chennai
REUTERS/Valentyn Ogirenko/File PhotoWorkers at the southern Indian factory, jointly owned by Renault and alliance partner Nissan Motor, did not report for duty on Monday over COVID-related safety concerns, the workers’ union said. Tamil Nadu state is one of the worst affected, with over 30,000 new cases a day. The Tamil Nadu state government on Saturday allowed carmakers near Chennai to keep operating, but asked them to ensure adherence to social distancing protocols. A report by the Office of Director of Industrial Safety on Wipro Infrastructure Engineering, reviewed by Reuters, noted that social distancing was not fully followed. Renault-Nissan said it has reduced production at the Tamil Nadu plant, its only manufacturing base in India, to 7,129 cars during the 13 working days in May against a target of 18,852 cars.
Persons: Valentyn, Organizations: Renault, Nissan, REUTERS, Workers, Ford, Hyundai, Hyundai Motor, Reuters, Industrial Safety, Wipro Infrastructure Engineering, Wipro Infrastructure, ” Renault Locations: CHENNAI, Tamil, Kyiv, Ukraine, India, Tamil Nadu, Chennai, carmakers
French judges to start Carlos Ghosn questioning in Beirut Monday
  + stars: | 2021-05-31 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: Carlos Ghosn, the former Nissan and Renault chief executive, looks on during a news conference at the Holy Spirit University of Kaslik, in Jounieh, Lebanon September 29, 2020. REUTERS/Mohamed AzakirBEIRUT (Reuters) - Fugitive former car executive Carlos Ghosn will be questioned in Beirut from Monday by French investigating judges, his lawyers said, over allegations of financial misconduct in France that led to the seizure of millions of euros of his assets. The defence team said it had identified procedural irregularities in the French case which undermine the legal proceedings that are being organised by Lebanese judicial authorities. The lawyers said in a statement Ghosn would be heard as a witness and so cannot dispute the legality of the procedure. The statement said the team was calling for Ghosn “to be afforded the status of ‘indicted’, as only this would allow him to challenge the legal flaws surrounding the case”.
Persons: Carlos Ghosn, Mohamed Azakir, Ghosn, , Organizations: Nissan, Renault, Holy Spirit University of Kaslik, REUTERS, Mitsubishi, Kansai Airport Locations: Jounieh, Lebanon, Mohamed Azakir BEIRUT, Beirut, France, Japan, Kansai
French judges start questioning Carlos Ghosn in Beirut
  + stars: | 2021-05-31 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
BEIRUT (Reuters) -French investigating judges started questioning fugitive former car executive Carlos Ghosn in Beirut on Monday, in hearings that are expected to last until June 4. FILE PHOTO: Carlos Ghosn, the former Nissan and Renault chief executive, looks on during a news conference at the Holy Spirit University of Kaslik, in Jounieh, Lebanon September 29, 2020. The French allegations concern financial misconduct in France. In France, Ghosn is at loggerheads with his former employer Renault over pension and severance payments he argues are due, and tax authorities have looked into his fiscal arrangements. The French prosecutor’s office is also looking into financial flows between Renault, its Dutch affiliate and a car dealership in Oman.
Persons: Carlos Ghosn, Mohamed Azakir, Ghosn, , Organizations: Nissan, Renault, Holy Spirit University of Kaslik, REUTERS, Mitsubishi, Japan’s Kansai Locations: BEIRUT, Beirut, Jounieh, Lebanon, France, Japan, Ghosn, Versailles, Oman
BEIRUT (Reuters) - French investigating judges questioned fugitive former car executive Carlos Ghosn in Beirut on Monday, in hearings that one of his lawyers described as a first for justice since his arrest in Japan. The French allegations concern financial misconduct in France. “It is the very first time of justice for Carlos Ghosn since he was arbitrarily arrested in Japan,” he said. In France, Ghosn is at loggerheads with his former employer Renault over pension and severance payments he argues are due, and tax authorities have looked into his fiscal arrangements. The French prosecutor’s office is also looking into financial flows between Renault, its Dutch affiliate and a car dealership in Oman.
Persons: Carlos Ghosn, ” Jean Tamalet, , Ghosn, , Organizations: Renault, Nissan, Mitsubishi, Japan’s Kansai Locations: BEIRUT, Beirut, Japan, Lebanon, France, Ghosn, Versailles, Oman, Ghosn’s
French judges to start Carlos Ghosn questioning in Beirut
  + stars: | 2021-05-31 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
Carlos Ghosn, the former Nissan and Renault chief executive, looks on during a news conference at the Holy Spirit University of Kaslik, in Jounieh, Lebanon September 29, 2020. REUTERS/Mohamed AzakirFrench investigating judges were due to start questioning fugitive former car executive Carlos Ghosn in Beirut on Monday, his lawyers said. The French allegations concern financial misconduct in France. Ghosn's defence team said it had identified procedural irregularities in the French case which undermine the legal proceedings that are being organised by Lebanese judicial authorities. The French prosecutor's office is also looking into financial flows between Renault, its Dutch affiliate and a car dealership in Oman.
Persons: Carlos Ghosn, Mohamed Azakir, Ghosn Organizations: Nissan, Renault, Holy Spirit University of Kaslik, REUTERS, Mitsubishi, Japan's Kansai, Thomson Locations: Jounieh, Lebanon, Beirut, France, Japan, Ghosn, Versailles, Oman
Renault-Nissan's south India plant staff to stay away on Monday
  + stars: | 2021-05-30 | by ( Sudarshan Varadhan | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/BabuWorkers at the Renault-Nissan plant in southern India will not report for work on Monday over coronavirus-related safety concerns, according to a union letter to the company seen by Reuters, and two sources familiar with the matter. Ford (F.N) and Hyundai (005380.KS) have also shut plants in the south over the last week following protests over COVID safety concerns. "It will not be secure for workers to report to work on Monday the 31st of May, 2021," the Renault-Nissan India workers union said in a letter sent late on Sunday. "The union's request ... to ensure social distancing through reduced footfall has not been accepted," the letter to Renault-Nissan's managing director and vice-president of human relations read. The company told a local court last week the plant had a workforce of more than 8,000.
Persons: footfall, carmakers Organizations: Renault, Nissan Alliance, REUTERS, Babu Workers, Nissan, Reuters, Hyundai, Nissan India, Thomson Locations: Indian, Chennai, India, KS
Experts See Urgent Need for New Search of Pandemic’s Origins China’s state media reflects Beijing’s rejection of a deeper inquiry into the virus’s roots. U.S. experts press calls for China to allow deeper inquiries into the pandemic’s origins. United States intelligence agencies, it said, “do not have superior research capability” than the World Health Organization, or more information. “If this thing came out of a lab, there are people in China who probably know that,” he said. As coronavirus cases decline in France, which has seen about 5.7 million total cases and more than 100,000 deaths, more than 15 percent of the population has been fully vaccinated.
Persons: David, Thomas Peter, “ There’s, ” Peter J, Hotez, Peter Hotez, Biden, , , Mr, Biden’s, Matthew Pottinger, Donald J, Trump, there’s, ” Mr, Pottinger, Fmr, Michael McCaul, CNN’s, , Michael Shear, Arun Sankar, Narendra Modi, Modi, Johnson, Johnson’s, James Estrin, Eve Feinberg, ” Kelly Tyrrell, Ms, Tyrrell, Tuoi Tre, Nguyen Thanh Long, Long, Chau Doan, Fabrice Loher, Frenchman, Jean, Michel Pasquet, Pasquet, David “, Laura Thompson, Stetson, ” Gigi Gaskins, Bill Lee, Andrew Rae, ’ doorsteps, we’ve Organizations: Wuhan Institute, Virology, World Health Organization, Reuters, National, Tropical Medicine, Baylor College of Medicine, Texas Children’s Hospital, Vaccine, NBC, Press, Wuhan Institute of Virology, Global Times, Republican, House Foreign Affairs, Renault, Nissan, Ford, Hyundai Motor India, Agence France, India’s, Tamil, University of Oxford, Factories, Economic Times, Grand Central, New York Times, and Drug Administration, Northwestern University, Johnson, Getty, Kéroman, Atlantic Coast, Lorient’s, Shutterstock, Saturday, Gov, Times Locations: China, Texas, United States, Wuhan, Beijing, CNN’s “ State, Chennai, India, Ford India, City, Tamil Nadu, New Delhi, Mumbai, lockdowns, Delhi, New York, Madison, Wis, ” Vietnam, Hanoi , Vietnam, Vietnam, Ho Chi Minh City, Saigon, Hanoi, Britain, Cambodia, Thailand, Malaysia, Taiwan, Lorient, France, Paris, Germany, Hatwrks, Nashville, London, Brussels, Oregon, York, Tennessee, U.S,
Workers assemble Ford cars at a plant of Ford India in Chengalpattu on the outskirts of Chennai, India March 5, 2012. Hundreds of workers in and around Chennai - often dubbed India's Detroit - have fallen ill with COVID-19 and dozens have died, labour unions say. Manufacturing plants run by Ford Motor Co (F.N) and Hyundai Motor Co (005380.KS) near Chennai were shut this week after workers protested over unsafe working conditions. read moreUnion sources at Hyundai, Ford and Renault-Nissan said they were continuing to talk with the companies. Global carmakers operating in Chennai have said they will prioritize worker safety and adherence to social-distancing protocols.
Persons: Babu Carmakers, Biju Balendran Organizations: Workers, Ford, Ford India, REUTERS, Ford Motor, Hyundai Motor, Renault, Nissan, Eicher Motors, Royal Enfield, Hyundai, Caterpillar Inc, Thomson Locations: Ford, Chengalpattu, Chennai, India, Tamil, Detroit, KS, Taiwan, Nissan India
China's early and convincing plays around electric vehicles undoubtedly played a role in convincing Elon Musk's Tesla to open a Gigafactory in Shanghai. Electric vehicles rely on the development of lithium-ion battery cells, and it is here where China flexes its muscles. Former Tesla exec Peter Carlsson wants to shore up Europe's battery suppliesFormer Tesla exec Peter Carlsson is now heading up Northvolt, one of Europe's most-ambitious battery manufacturing projects. The economics of electric vehicles become much trickier if you have to ship your batteries all the way from China. EY's Maria Bengtsson insists there is "great interest" from investors in the European EV market.
Persons: Tesla, Elon Musk, Elon Musk's Tesla, it's, Peter Carlsson, Carlsson, Northvolt, NXP —, Polestar's Thomas Ingenlath, Thomas Ingenlath, Renault Zoe, Ingenlath, Birgitte Keulen, Birgette, Keulen, Taavi, Taavi Madiberk, Supercapacitors, Maria Bengtsson, EY's Maria Bengtsson, EY Maria Bengtsson, She's, Bengtsson, , Rugoobur, Anders Bergtoft, Bergtoft, Michael Cogley Organizations: BMW, Audi, Ford, EV Sales, Volkswagen, Toyota, Benchmark Minerals, . Projects, European Investment Bank, Tesla, Philips Semiconductors —, Sony Ericsson, Tesla's, Renault, Volvo, Geely Holding, Skoda, EV, Investment, European Union, Technologies, Estonian, Germany's Federal Ministry for Economic Affairs, Energy, KPMG, FTI Consulting, General Motors, Nordic, Opel, Saab, Chevrolet, UPS, Ericsson, Microsoft, American Express Locations: China, Europe, Beijing, Shanghai, Giga Shanghai, Swedish, Skellefteå, Sweden, Denmark, France, Saxony, Nevada, The, Stockholm,
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