Note: Ed and Bertel are traveling in Europe. The morning news may arrive later, or not at all. Your indulgence is appreciated.
- SMMT stresses need for tariff-free trade deals – Just-auto: The Society of Motor Manufacturers and Traders (SMMT) has reacted to the result of the UK’s national referendum to leave the EU by stressing the need for tariff-free trade deals with Europe and other global markets.
- Apple Has Enough Cash to Buy the Big Three Car Companies – Fortune: Apple AAPL -2.95% , which is widely rumored to be working on its own car, could buy them both plus Fiat-Chrysler in a Big Three value pack.
- Musk&’s SolarCity bid a rare time investors don’t buy his vision – Automotive News: Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. Now his plan to merge the electric-car maker with struggling SolarCity has him confronting a rare case of investor unrest.