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EU car sales at 3-year low in August, EV sales plunge 44%

UPDATE 1-EU car sales at 3-year low in August, EV sales plunge 44% Recasts with ACEA call for action, adds graphics By Greta Rosen Fondahn and Alessandro Parodi Sept 19 (Reuters) - New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy and sliding electric vehicle (EV) sales, auto industry body data showed on Thursday.
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EU car sales at 3-year low in August, EV sales down 43.9%, ACEA says

EU car sales at 3-year low in August, EV sales down 43.9%, ACEA says By Greta Rosen Fondahn and Alessandro Parodi Sept 19 (Reuters) - New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged by double-digit losses in major markets Germany, France and Italy, data from Europe's auto industry body showed on Thursday.
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Autos take driver’s seat in China’s new economy

BREAKINGVIEWS-Autos take driver’s seat in China’s new economy The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, Sept 19 (Reuters Breakingviews) - Autos are taking the driver’s seat in China’s new economy, and that is making Beijing protective. The commerce ministry is urging the country's carmakers to use so-called knock-down factories that merely assemble vehicles overseas, rather than building entire production lines outsi
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Workers at Musk's Tesla, SpaceX and X donate to Harris while he backs Trump

Workers at Musk's Tesla, SpaceX and X donate to Harris while he backs Trump By Sheila Dang Sept 18 (Reuters) - Billionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Trump's Democratic rival Kamala Harris . Workers at Tesla TSLA.O have contributed $42,824 to Harris' presidential campaign versus $24,840 to Trump's campaign, according to OpenSecrets, a nonpartisan nonprofit th
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Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports

Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports Sept 18 (Reuters) - Volkswagen VOWG_p.DE and its Chinese joint venture partner SAIC 600104.SS plan to close at least one plant in China due to slow demand for combustion engine cars, Bloomberg News reported on Wednesday, citing people familiar with the matter. The first plant threatened with closure - as soon as next year - is its site in Nanjing which produces VW Passat and Skoda cars, according to Bloomberg.
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GM To Open Up Access To More Than 17,800 Tesla Superchargers For Its Customers

BRIEF-GM To Open Up Access To More Than 17,800 Tesla Superchargers For Its Customers Sept 18 (Reuters) - General Motors Co GM.N : TO OPEN UP ACCESS TO MORE THAN 17,800 TESLA SUPERCHARGERS FOR ITS CUSTOMERS, WITH USE OF GM APPROVED NACS DC ADAPTER APPROVED NACS DC ADAPTERS TO FIRST BE MADE AVAILABLE TO CUSTOMERS IN U.S., FOLLOWED BY AVAILABILITY FOR CANADIAN CUSTOMERS LATER THIS YEAR TO ACCESS TESLA SUPERCHARGER NETWORK, U.S.
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Joe Biden’s climate law is too valuable to repeal

BREAKINGVIEWS-Joe Biden’s climate law is too valuable to repeal The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Gabriel Rubin WASHINGTON, Sept 18 (Reuters Breakingviews) - Rare is the politician who turns down an invitation to a ribbon-cutting ceremony, especially one that comes with the promise of hundreds of manufacturing jobs.
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Drivers more likely to be distracted while using partial automation tech, study shows

UPDATE 1-Drivers more likely to be distracted while using partial automation tech, study shows Adds response section with statement from Volvo in paragraph 17; adds location in paragraph 2 By Abhirup Roy Sept 17 (Reuters) - Drivers are more likely to engage in non-driving activities such as checking their phones when using partial automation systems, new research showed on Tuesday.
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Blink Charging to reduce global workforce by 14% in cost-saving effort

UPDATE 2-Blink Charging to reduce global workforce by 14% in cost-saving effort Adds background throughout Sept 17 (Reuters) - Blink Charging BLNK.O said on Tuesday it would lay off about 14% of its global workforce as part of a cost- reduction plan, as the electric vehicle charging equipment maker tackles weaker demand. Higher borrowing costs and a growing consumer preference for gasoline-electric hybrids have dampened EV sales, putting pressure on makers of both electric vehicles and the assoc
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S&P 500 hits record high with Fed policy decision imminent

US STOCKS-S&P 500 hits record high with Fed policy decision imminent For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Microsoft gains after new share buyback plan, dividend hike Intel jumps following collaboration with Amazon's AWS Retail sales unexpectedly rise 0.10% in August Indexes up: Dow 0.37%, S&P 500 0.40%, Nasdaq 0.66% Updated at 11:35 a.m.
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Wall St rises ahead of key Fed decision; S&P 500 nears record high

US STOCKS-Wall St rises ahead of key Fed decision; S&P 500 nears record high For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Microsoft gains after new share buyback plan, dividend hike Intel jumps following collaboration with Amazon's AWS Retail sales unexpectedly rise 0.10% in August Indexes up: Dow 0.19%, S&P 500 0.38%, Nasdaq 0.72% Updated at 09:49 a.m.
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Wall St set to open higher after retail sales data; Fed decision on tap

US STOCKS-Wall St set to open higher after retail sales data; Fed decision on tap For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Microsoft gains after new share buyback plan, dividend hike Intel jumps following collaboration with Amazon's AWS Retail sales rise 0.10% in August Futures up: Dow 0.30%, S&P 500 0.40%, Nasdaq 0.65% Updated at 08:41 a.m.
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Sibanye considers sourcing nickel for French plant from New Caledonia's Prony

Sibanye considers sourcing nickel for French plant from New Caledonia's Prony JOHANNESBURG/PARIS, Sept 17 (Reuters) - Sibanye-Stillwater SSWJ.J said it is studying New Caledonia's Prony Resources as a potential source for nickel it needs to manufacture battery-grade material at its Sandouville plant in France. The Johannesburg-based precious metals producer is also looking to Indonesia as another potential source for mixed hydroxide precipitate to enable it to produce material for electric vehic
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Futures inch up ahead of economic data, Fed's rate-cut decision

US STOCKS-Futures inch up ahead of economic data, Fed's rate-cut decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.20%, S&P 500 0.31%, Nasdaq 0.51% Sept 17 (Reuters) - U.S. stock index futures edged higher as investors awaited a batch of economic data and clung to hopes the Federal Reserve would deliver a supersized interest-rate cut at its monetary policy meeting, which starts on Tuesday.
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Drivers more likely to be distracted while using partial automation tech, study shows

Drivers more likely to be distracted while using partial automation tech, study shows By Abhirup Roy Sept 17 (Reuters) - Drivers are more likely to engage in non-driving activities, such as checking their phones or eating a sandwich, when using partial automation systems, with some easily skirting rules set to limit distractions, new research showed on Tuesday.
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US Secret Service says it is aware of Musk post about Biden, Harris

UPDATE 1-US Secret Service says it is aware of Musk post about Biden, Harris Adds White House spokesperson, paragraphs 10-11 By Jeff Mason WASHINGTON, Sept 16 (Reuters) - The U.S. Secret Service said on Monday it was aware of a post by billionaire Elon Musk on the X social media platform musing about an absence of assassination attempts on President Joe Biden and Vice President Kamala Harris.
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US Secret Service says it is aware of Musk post about Biden, Harris

US Secret Service says it is aware of Musk post about Biden, Harris By Jeff Mason WASHINGTON, Sept 16 (Reuters) - The U.S. Secret Service said on Monday it was aware of a post by billionaire Elon Musk's on the X social media platform musing about a lack of assassination attempts on President Joe Biden and Vice President Kamala Harris. Musk, who owns the platform, formerly known as Twitter, put up the post after a man suspected of planning to assassinate former President Donald Trump at his golf
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Tech stocks drag on Nasdaq, S&P 500 as caution reigns ahead of Fed decision

US STOCKS-Tech stocks drag on Nasdaq, S&P 500 as caution reigns ahead of Fed decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Apple falls after analyst flags weak demand for new iPhones Intel rises after report chipmaker qualifies for federal grants Boeing dips after it freezes hiring, weighs temporary furloughs Indexes: Dow up 0.16%, S&P 500 down 0.23%, Nasdaq down 0.83% Updated at 11:38 a.m.
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US stocks mixed, dollar weak on rate cut expectations

GLOBAL MARKETS-US stocks mixed, dollar weak on rate cut expectations US indexes mixed, rate-sensitive tech weighs Futures imply 59% chance of outsized Fed rate cut Trump safe after FBI prevents second assassination attempt Treasury yields flat Updates prices at 10:20 ET By Isla Binnie and Amanda Cooper NEW YORK/LONDON, Sept 16 (Reuters) - Major stock indexes were mixed at the New York open on Monday and the dollar stayed soft against its global peers as all eyes looked to a Federal Reserve meeti
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Tech stocks drag on S&P 500, Nasdaq as Fed meeting nears

US STOCKS-Tech stocks drag on S&P 500, Nasdaq as Fed meeting nears Apple falls after analyst flags weak demand for new iPhones Intel rises after report chipmaker qualifies for federal grants Dow hits intraday record high Indexes: Dow up 0.63%, S&P 500 down 0.02%, Nasdaq down 0.68% Updated at 09:50 a.m. ET/1350 GMT By Johann M Cherian and Purvi Agarwal Sept 16 (Reuters) - Technology stocks weighed on the S&P 500 and the Nasdaq on Monday as caution set in ahead of the Federal Reserve's pivotal mon
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