Italy’s Iveco ups 2023 guidance but still burns cash in Q1

[ad_1] Details of the front of an Iveco truck exhibited during a news conference in Turin, Italy, July 13, 2022. REUTERS/Massimo Pinca Acquire Licensing Rights Sees FY adj industrial EBIT…

Renault’s Ampere ambitions tested by choppy IPO, slow EV markets -sources

[ad_1] The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo…

Volvo braces for slower truck markets next year after Q3 profit beat

[ad_1] The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File photo Acquire Licensing Rights STOCKHOLM, Oct 18 (Reuters) – Swedish…

Volvo Cars launches EX30 electric SUV with focus on affordability

[ad_1] [1/6] Jim Rowan, Volvo President & Chief Executive Officer, speaks during the reveal event of the Volvo EX30 electric SUV vehicle in Milan, Italy June 7, 2023. REUTERS/Claudia Greco…

Factbox: European companies cut jobs as economy sputters

[ad_1] May 5 (Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies…

TuSimple’s self-driving truck network expanding eastward via Texas

[ad_1] June 16 (Reuters) – Self-driving truck technology company TuSimple Holdings Inc (TSP.O) said on Wednesday it will open a new Texas facility that will enable it to put trucks…

Analysis: German automakers fight to defend their turf from Chinese rivals

[ad_1] SHANGHAI/BERLIN, April 19 (Reuters) – German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the…

US business equipment borrowings grow 11% in February – ELFA

[ad_1] March 22 (Reuters) – U.S. companies borrowed 11% more in February than last year to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday.…