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UK classic EV startup RBW launches supplier business

UK classic EV startup RBW launches supplier business By Nick Carey LONDON, Oct 25 (Reuters) - RBW EV Cars, a UK startup that produces electric versions of classic sports cars, said on Friday it had started a supplier business to provide its electric systems and components to other automakers for similar high-end, limited-edition models. CEO Peter Swain told Reuters that RBW was working on limited-edition models with three major automakers, but said he could not disclose names.
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American Tire Distributors lines up sale to lenders in bankruptcy

American Tire Distributors lines up sale to lenders in bankruptcy By Dietrich Knauth Oct 23 (Reuters) - American Tire Distributors, the largest seller of replacement tires in the U.S., filed for bankruptcy protection late Tuesday for the second time since 2018, seeking to sell itself to a group of its lenders. The Huntersville, North Carolina-based wholesaler entered bankruptcy with $1.9 billion in debt, and just $30 million in cash.
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Autos and parts to remain under pressure

LIVE MARKETS-Autos and parts to remain under pressure STOXX 600 down 0.3% L'Oreal, Akzo Nobel fall after earnings Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com AUTOS AND PARTS TO REMAIN UNDER PRESSURE Europe's autos and parts sector .SXAP , although the top gainer in Europe on Wednesday, has had a terrible few months, as waning demand and lower priced comp
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault R
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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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Continental To Invest Over 300 Million USD In Thai Tyre Plant

BRIEF-Continental AG - To Invest Over 300 Million USD In Thai Tyre Plant Oct 9 (Reuters) - CONTINENTAL AG CONG.DE : CONTINENTAL AG - TO INVEST OVER 300 MILLION USD IN THAI TYRE PLANT Further company coverage: CONG.DE (Gdansk Newsroom)
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STOXX inches up, off 2-week lows

LIVE MARKETS-STOXX inches up, off 2-week lows STOXX 600 up 0.2% Defensives lead China jitters persist Wall St futures dip Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX INCHES UP, OFF 2-WEEK LOWS A bounce back in defensive stocks, which had paused during the buying frenzy surrounding China-exposed assets, helped the STOXX 600 steady on Wednesday, as uncertainty over stimul
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Asian currencies eke out gains on muted dollar

EMERGING MARKETS-Asian currencies eke out gains on muted dollar . Thailand baht gains most among Asian FX RBI holds interest rates at 6.50% Shanghai stocks reverse Tuesday's gains By Sneha Kumar and Archishma Iyer Oct 9 (Reuters) - Most emerging Asian currencies registered minor gains against a broadly muted dollar on Wednesday, as investors sought data to assess the Federal Reserve's rate cut path.
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Asian currencies eke out gains on muted dollar

EMERGING MARKETS-Asian currencies eke out gains on muted dollar Thailand baht gains most among Asian FX RBI holds interest rates at 6.50% Shanghai stocks reverse Tuesday's gains Updates at 0744 GMT By Sneha Kumar and Archishma Iyer Oct 9 (Reuters) - Most emerging Asian currencies registered minor gains against a broadly muted dollar on Wednesday, as investors sought data to assess the Federal Reserve's rate cut path.
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Imperial Brands, Kingfisher, Nestle SA

EUROPE RESEARCH ROUNDUP-Imperial Brands, Kingfisher, Nestle SA Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Imperial Brands , Kingfisher and Nestle SA, on Wednesday. HIGHLIGHTS * Aixtron AIXGn.DE : Deutsche Bank cuts to hold from buy * ING INGA.AS : Deutsche Bank cuts to hold from buy * Imperial Brands IMB.L : JP Morgan raises target price to 2,600p from 2,250p * Kingfisher KGF.L : HSBC raises target price to 360p from 305
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Continental up after upbeat Q3 comments on pre-close call

BUZZ-Continental up after upbeat Q3 comments on pre-close call ** Shares in Continental CONG.DE rise 3% after the German car parts maker said on a pre-close call on Tuesday it expects the profitability of its automotive business to improve in Q3 despite lower sales ** The group expects global production of passenger cars and light trucks to fall by
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Asian currencies eke out gains on muted dollar

CORRECTED-EMERGING MARKETS-Asian currencies eke out gains on muted dollar Corrects third bullet to say Shanghai stocks reverse Tuesday gains, not Monday, paragraph 15 to say "10-day" from "seven-day" Thailand baht gains most among Asian FX RBI holds interest rates at 6.50% Shanghai stocks reverse Tuesday's gains By Sneha Kumar and Archishma Iyer Oct 9 (Reuters) - Most emerging Asian currencies gained ground against a muted dollar on Wednesday as investors stood on the sidelines to assess the fut
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Asian currencies eke out gains on muted dollar

CORRECTED-EMERGING MARKETS-Asian currencies eke out gains on muted dollar Corrects third bullet to say Shanghai stocks reverse Tuesday gains, not Monday, paragraph 15 to say "10-day" from "seven-day" Thailand baht gains most among Asian FX RBI holds interest rates at 6.50% Shanghai stocks reverse Tuesday's gains By Sneha Kumar and Archishma Iyer Oct 9 (Reuters) - Most emerging Asian currencies gained ground against a muted dollar on Wednesday as investors stood on the sidelines to assess the fut
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Thailand approves $400 mln investment by Continental AG to expand tyre facility

UPDATE 1-Thailand approves $400 mln investment by Continental AG to expand tyre facility Adds details from paragraph 2 onwards BANGKOK, Oct 9 (Reuters) - Thailand's Board of Investment said on Wednesday it had approved a $400 million investment by tyre-maker Continental CONG.DE to expand its existing facility in the country, which is the world's second largest tyre producer after China.
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Thailand approves $400 mln investment by Continental AG to expand tyre facility

Thailand approves $400 mln investment by Continental AG to expand tyre facility BANGKOK, Oct 9 (Reuters) - Thailand's Board of Investment said on Wednesday it had approved a $400 million investment by tyre-maker Continental CONG.DE to expand its existing facility in the country, which is the world's second largest tyre producer after China. Reporti
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Continental expects drop in European and North American car output in third quarter

CORRECTED-Continental expects drop in European and North American car output in third quarter Corrects paragraph 2 to show that profitability is expected to improve in the automotive business, not the whole company BERLIN, Oct 8 (Reuters) - German automotive supplier Continental CONG.DE said on Tuesday that it expected global production of passenger cars and light trucks in the third quarter to fall more 3% from the second quarter but Chinese output to grow at about 4% with Chinese carmakers inc
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Continental picks Goldman, JPMorgan for car parts spinoff - Bloomberg News

MEDIA-Continental picks Goldman, JPMorgan for car parts spinoff - Bloomberg News -- Source link: https://tinyurl.com/mwd2nv6x -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Vitesco to pay 125 mln euros to Continental in dieselgate settlement

UPDATE 1-Vitesco to pay 125 mln euros to Continental in dieselgate settlement Adds details on guidance, settlement, background Sept 26 (Reuters) - Germany's Vitesco Technologies VTSCn.DE w ill pay former parent Continental CONG.DE 125 million euros ($139.34 million) as part of an agreement reached over the diesel manipulation probe, causing the powertrain provider to lower its full-year guidance.
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Vitesco to pay 125 mln euros to Continental, lowers full-year guidance

Vitesco to pay 125 mln euros to Continental, lowers full-year guidance Sept 26 (Reuters) - Vitesco Technologies VTSCn.DE said on Thursday that it had reached a financial settlement with German tyre maker Continental CONG.DE in relation to an investigation into the diesel scandal, and lowered its full-year guidance. Reporting by Marleen Kaesebier, e
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Continental To Build Tire Distribution Center In U.S.

BRIEF-Continental To Build Tire Distribution Center In U.S. Sept 19 (Reuters) - Continental AG CONG.DE : TO BUILD FIRST FULLY OWNED TIRE DISTRIBUTION CENTER IN U.S. EXPECTED GO-LIVE 2026, FURTHER IMPROVING SERVICE LEVELS AND CUSTOMER SUPPORT Further company coverage: CONG.DE (Gdansk Newsroom)
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