- GM Prepares $6 Billion Credit Line to Cushion Strike Costs – Bloomberg
- Elon Musk’s X is a black hole of value – Reuters
- Grimes sues Elon Musk after accusing him of withholding kids – LATimes
- Ford Makes New Offer to UAW Amid Strikes. GM Lays Off More Workers. – Barrons
- Nissan’s Sunderland battery factory to supply a third of UK capacity – Autocar
- Second US Foxconn EV Customer Files for Bankruptcy Protection – Bnnbloomberg
- GM and Toyota defy headwinds with big gains in new car sales – LATimes
- Tesla sales drop brings BYD closest ever to global EV crown – Automotive News
- Florida ad agency X Social Media sues X/Twitter – Fortune
- Improved supply and product mix lifts Nissan Q3 sales 40 percent – Automotive News
- Uber will now pick up your packages and take them to UPS, FedEx or USPS – CNBC
- DS 7 to go electric-only from 2025 alongside Lancia counterpart – Autocar
- Kia to launch two new concept cars next week – Autocar
Wednesday Morning Auto News, Oct 04, 2023: GM prepares $6 bln. line to cushion strike cost. Musk’s X is a black hole of value. Grimes sues Musk. More.
Tuesday Morning Auto News, Oct 03, 2023: BYD tops Tesla, takes global EV production crown. 3.3m Hyundai and Kia models recalled. More.
- BYD Tops Tesla, Takes Global EV Production Crown – Barrons
- 3.3m Hyundai and Kia models recalled – Just-Auto
- Radical new Nissan concept gives clues to future electric cars – Autocar
- After Q3 sales miss, Tesla’s Cybertruck and Model 3 will fuel growth, analysts say – Automotive News
- Ford, GM Lay Off About 500 Factory Workers as UAW Strike Effects Ripple Out – Wall Street Journal
- BYD is 3000 cars away from overtaking Tesla in EV sales – Fortune
- Polestar names Volvo EV propulsion expert Lutz Stiegler as CTO – Automotive News
- Tesla reintroduces rear-wheel drive Model Y at lower price – Automotive News
- Incentive spending cuts likely for Detroit 3 amid strike – Automotive News
- Chevron Backs Former SpaceX Engineers’ Fast EV Charging Startup – Bloomberglaw
- Volkswagen Hires Ex-Tesla, Rivian Executive for Shot in Cariad Software Arm – Wall Street Journal
- Hyundai, Kia rack up more U.S. sales gains in September, Q3 – Automotive News
- Anne-Helene Andersen named Renault brand CFO – Automotive News
- Lada launches online car sales at cost price – Just-Auto
Monday Morning Auto News, Oct 02, 2023: German government rebukes, Ukraine’s parliament taunts Musk. Musk calls for Trump-style wall. More.
- German government rebukes Elon Musk over refugee rescue criticism – Guardian
- Ukraine’s parliament taunts Elon Musk after meme mocking Zelenskiy – Reuters
- For Tesla’s Cybertruck, Another Sales Launch Date Comes and Goes – Wall Street Journal
- Musk visits border, calls for Trump-style wall – Businessinsider
- Ora Funky Cat gains bigger battery for 260 miles of range – Autocar
- Bill Ackman says he hasn’t talked to Elon Musk about X investment for Pershing ‘SPARC’ – CNBC
- Best-selling cars in Europe so far in 2023 – Autocar
- Striking UAW members say they want benefits restored: What they lost – Freep
- Nikola celebrates commercial launch of hydrogen fuel cell truck – Just-Auto
- Legend or Lemon? Our verdict on the world’s most controversial cars – Autocar
- Elon Musk’s dad said he turned down a free Tesla from his son – Businessinsider
- UAW strike expands in Michigan – Axios
Friday Morning Auto News, Sep 29, 2023: Mercedes launches Drive Pilot in two US states. VW scraps plans for new EV factory. Tesla’s black workers faced widespread racism, feds allege. More.
- Mercedes launches Drive Pilot in two US states – Just-Auto
- Tesla’s black workers faced widespread racism, US agency alleges – FT
- Elon Musk wades into US immigration debate at Texas-Mexico border – Reuters
- Volkswagen: to build Trinity model at Zwickau, no further plant needed – Reuters
- Tesla sued over alleged harassment of Black staff – Reuters
- Federal Lawsuit Accuses Tesla of Racial Discrimination – New York Times
- Linda Yaccarino slams notion she’s Elon Musk’s puppet CEO at X – Fortune
- Elon Musk wants Mitch McConnell out – Businessinsider
- Lawrence Stroll’s consortium raises stake in Aston Martin – Automotive News
- VW Scraps Plan for New €2 Billion EV Factory in Germany – Bloomberg
- Strikes could idle more Detroit Three auto plants Friday – Reuters
- Skoda Kamiq receives more rugged look from £29,275 – Autocar
World’s Largest Automakers: Disruption, my eye.
Remember how, year after year, supposedly smart and learned people predicted the impending death of “legacy automakers?” Now look at the picture above. With the COVID and chip crises behind them, world’s largest automakers are in full growth mode.
World’s largest automaker, Toyota Group had a record August with worldwide sales up 9.45%. Its year-to-date global sales rose 5.9%. The company is poised to book global 2023 sales in excess of 10 million.
Volkswagen Group continues to clear its cobwebs. Its global year-to-date deliveries were up a whopping 11%.
Hyundai Group continues its steady climb to the top. Imagine, a year ago the formerly impressive Renault-Nissan-Mitsubishi Alliance was still in their place. Remember them?