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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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