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China-Europe rivalry heats up at Paris car show as EV tariffs loom

UPDATE 5-China-Europe rivalry heats up at Paris car show as EV tariffs loom 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 Adds more Tavares comments in paragraph 5 By Nick Carey PARIS, Oct 14 (Reuters) - Chinese and European automakers went head-to-head at the Paris car show on Monday, with tensions running high as
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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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UK Stocks-Factors to watch on Oct 14

UPDATE 1-UK Stocks-Factors to watch on Oct 14 Adds new items, updates futures Oct 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.2%. * MULBERRY: UK's Mulberry MUL.L said its top investor Challice has declined to sell shares in the company to Frasers FRAS.L after the sportswear and apparel retailer last week sweetened its takeover bid for the luxury brand.
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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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Chinese and European automakers face off at Paris car show

Chinese and European automakers face off at Paris car show Chinese brands including BYD, Leapmotor to unveil new models European automakers out in force to defend home turf EU planning tariffs on Chinese-made EVs amid weak market GAC says show marks launch of its European expansion By Nick Carey PARIS, Oct 14 (Reuters) - Chinese and European automakers are going head-to-head at the Paris car show on Monday, with tensions running high as the EU gears up to impose hefty import tariffs on Chinese-m
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What matters most to world markets in a tight US election race

RPT-GRAPHIC-What matters most to world markets in a tight US election race Repeats Oct 11 story for wider distribution, no changes to text LONDON, Oct 11 (Reuters) - The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away. With Democratic Vice President Kamala Harris and Republican Donald Trump locked in a close race to win the Nov.
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What matters most to world markets in a tight US election race

GRAPHIC-What matters most to world markets in a tight US election race LONDON, Oct 11 (Reuters) - The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away. With Democratic Vice President Kamala Harris and Republican Donald Trump locked in a close race to win the Nov. 5 election , we look at what matters most for world markets.
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Volkswagen's deliveries drop, highlighting Europe's car industry challenges

UPDATE 1-Volkswagen's deliveries drop, highlighting Europe's car industry challenges Adds quotes on China, and BEV sales there; paragraphs 6-9 Oct 11 (Reuters) - Volkswagen Group VOWG_p.DE on Friday reported a 7% decline in third-quarter global deliveries, showing how Europe's car industry is facing tough challenges , including weak demand from China and high production costs at home.
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Porsche's nine-month China sales plunge by third

Porsche's nine-month China sales plunge by third STUTTGART, Oct 11 (Reuters) - German sports car maker Porsche P911_p.DE on Friday posted a 29% nine-month sales drop in China, joining peers BMW BMWG.DE and Mercedes MBGn.DE in reporting weaker results in the country. The slump in China, the world's biggest car market, and the ongoing model revamp weighed on the overall result, with global sales falling by 7% to 226,026 units in January-September.
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Battery maker Northvolt says it will be able to pay its upcoming taxes

UPDATE 2-Battery maker Northvolt says it will be able to pay its upcoming taxes Adds company background, details on tax bill, paragraphs 3 and 6-7 STOCKHOLM, Oct 10 (Reuters) - Swedish battery maker Northvolt will be able to pay its taxes that fall due on Oct. 14, it told Reuters on Thursday, answering speculation as to whether the struggling company would be able to do so.
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Northvolt seeks to sell redundant battery materials to raise cash, sources say

EXCLUSIVE -Northvolt seeks to sell redundant battery materials to raise cash, sources say Northvolt attempts to sell raw materials, sources say Move is latest effort to improve financial position Co is Europe's main hope for a homegrown EV battery maker Raw materials director left in Sept. Company declines to comment on supply chain strategy By Pratima Desai and Marie Mannes LONDON/STOCKHOLM, Oct 10 (Reuters) - Sweden's Northvolt is trying to sell off its stockpile of battery-making materials, t
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BMW and Mercedes quarterly sales drop on weak China

WRAPUP 2-BMW and Mercedes quarterly sales drop on weak China Adds details about model performance and China's retaliatory measures in paragraphs 7-8 and 11-12 Q3 sales down 13% at BMW, down 3% at Mercedes Both report lower sales in China BEV sales fall at Mercedes, rise at BMW By Andrey Sychev and Miranda Murray BERLIN, Oct 10 (Reuters) - Sluggish demand and stiff competition in China hit third quarter sales at BMW BMWG.DE and Mercedes MBGn.DE , the German luxury automakers said on Thursday.
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Rio Tinto goes all in on lithium with $6.7 bln Arcadium buy

UPDATE 6-Rio Tinto goes all in on lithium with $6.7 bln Arcadium buy All cash deal represents 90% premium to Arcadium share price Deal will make Rio Tinto 3rd largest lithium producer Reuters exclusively reported talks on Oct. 4 Rio's London shares down 0.4% by 1054 GMT Adds Rio comments paragraphs 7, 11, updates share price, Jadar project paragraph 16, market capitalisation paragraph 17 By Clara Denina and Melanie Burton LONDON/MELBOURNE, Oct 9 (Reuters) - Rio Tinto RIO.AX , RIO.L has agreed to
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Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute

EXCLUSIVE-Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute EU rejected China's proposal for minimum price on imported EVs EU tariffs on China-made EVs start Oct. 31 unless deal reached China imposed temporary anti-dumping duties on EU brandy imports Adds detail on EV prices in Europe vs China in paragraphs 6 to 9 BERLIN/SHANGHAI/BRUSSELS, Oct 8 (Reuters) - Brussels rejected a proposal by the Chinese government for imported electric vehicles made in China to be s
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Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute, sources say

EXCLUSIVE-Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute, sources say EU rejected China's proposal for minimum price on imported EVs EU tariffs of up to 45% on China-made EVs to start Oct. 31 unless deal reached China imposed temporary anti-dumping measures on EU brandy imports BERLIN/SHANGHAI/BRUSSELS, Oct 8 (Reuters) - Brussels rejected a proposal by the Chinese government for imported electric vehicles made in China to be sold at a minimum price of 30,000 e
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BMW Group And Tata Technologies Establish BMW Techworks India

BRIEF-BMW Group And Tata Technologies Establish BMW Techworks India Oct 8 (Reuters) - Bayerische Motoren Werke AG BMWG.DE : BMW GROUP AND TATA TECHNOLOGIES ESTABLISH BMW TECHWORKS INDIA JOINT VENTURE WITH OFFICES IN STRATEGIC TALENT HUBS PUNE, BENGALURU AND CHENNAI WILL INITIALLY START WITH 100 EMPLOYEES AT THESE THREE LOCATIONS AND RAPIDLY SCALE T
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Japan's Nissan to invest in auto tech firm ChargeScape

UPDATE 1-Japan's Nissan to invest in auto tech firm ChargeScape Adds details and background throughout Oct 7 (Reuters) - Japan's Nissan Motor 7201.T said on Monday it would invest an undisclosed amount in ChargeScape and roll out the battery charging technology company's services to its electric-vehicle drivers across the United States and Canada.
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Nissan Motor to invest auto tech firm ChargeScape

Nissan Motor to invest auto tech firm ChargeScape Oct 7 (Reuters) - Japan's Nissan Motor 7201.T will invest an undisclosed amount in a joint venture that connects electric utilities, automakers and electric vehicle drivers using software, it said on Monday. The automaker said it will pick up a 25% stake in ChargeScape, a JV that is presently equally owned by BMW BMWG.DE , Ford F.N and Honda 7267.T .
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Rio boss may be about to eat his M&A words

RPT-BREAKINGVIEWS-Rio boss may be about to eat his M&A words The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Oct 7 (Reuters Breakingviews) - Jakob Stausholm’s own words may be coming back to haunt him faster than expected. Rio Tinto’s RIO.L , RIO.AX CEO is in talks to buy Arcadium Lithium ALTM.N , the two companies confirmed on Monday after Reuters broke the news on Friday.
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