- Nissan cuts 9,000 jobs, slashes ceo’s pay in half – Bloomberg
- Return of the Mini- Truck ! Step aside Cybertruck, something smaller and cuter is on the way. – Motortrend
- Bentley Motors Delays Its Master Plan for Electric Vehicles – Bnnbloomberg
- Trump’s Historic Chief of Staff Pick, and What Elon Musk Wants Now – New York Times
- Rivian Sticks to Profit Goal After Supply Snag Idled Output – Bnnbloomberg
- After Trump, German political crisis engulfs industry – Reuters
- Will Musk Influence Trump on Climate Change and Electric Vehicles? – New York Times
- JLR-Owner Tata Motors Misses Profit Estimate on Tepid Car Sales – Bloomberg
- Trump’s return may help oil and Elon Musk. Retail and unions, not so much. – Washington Post
- Chinese enterprises’ global expansion: Balancing growth and localization – Chinadaily
- European Auto Stocks Are Bargains. 2 Big Things That Could Change That. – Barrons
- Stellantis to halt production at Mirafiori for another month from end-Nov, report says – Reuters
- Tesla Starts Offering Cybertruck Leases Starting at $999 a Month – Bloomberg
- Audi plans thousands of job cuts, report says – Automotive News
- Toyota Motor Europe opens a mega hub in Czech Republic – Toyota
- ANC Podcast: Nov. 8, 2024 – Automotive News
- Dogecoin rides high as fans anticipate Elon Musk securing ‘DOGE’ position in Trump White House – Fortune
- Elon Musk might be Wall Street’s great white whale – FT
Friday Morning Auto News, Nov 08, 2024: Nissan cuts 9,000 jobs and CEO’s pay. Return of the Mini-Truck. Bentley delays switch to EVs. More.
Germany BEV monthly, 10/24: Tesla crashes, Volkswagen soars
October was a rather uneventful month in Germany – except for Tesla and Volkswagen. New car registrations rose 6% YOY in October, says the federal regulator Kraftfahrt-Bundesamt. BEVs retreated by 4.9%, while the take-up for hybrids rose 15%.
Now for the more dramatic developments: Registrations of Tesla BEVs cratered to the tune of 51.9%. In the same month, registrations of BEVs made by the Volkswagen Group rose nearly 48%, taking 43.1% of the German BEV market. This was driven by the Enyaq BEV of Volkswagen’s budget-brand Skoda that outsold Tesla’s best-selling Model Y by nearly a factor of 3. No wonder Tesla is listed among the also-rans on our leaderboard.
Thursday Morning Auto News, Nov 07, 2024: Nissan cuts outlook, jobs. EU carmakers brace for Trump’s tariffs. Mazda falls to net loss. More.
- Nissan cuts outlook, announces restructuring with 9,000 job cuts – Japantimes
- European car makers brace for president Trump’s tariff threats – Autocar
- Mazda falls to net loss as incentives soar, forcing downward earnings revision – Automotive News
- Lyft lured drivers with false claims about pay, FTC says. Company will pay $2.1 million – LATimes
- Volkswagen vs. China’s state-backed EVs: A battle for survival — find out who’s winning – Autoblog
- Nissan announces 9,000 job cuts and slashes sales forecast as it faces ‘severe situation’ – Fortune
- Elon Musk becomes the most powerful (unelected) man ever – Axios
- Elon Musk’s bet on Donald Trump will likely accelerate Tesla’s robotaxi future, analysts say – Automotive News
- BMW boss says Trump tariffs may acttually give carmaker ‘an advantage’ – Fortune
- Audi plans thousands of job cuts outside production, report says – Reuters
- Italy’s Meloni congratulates her ‘friend’ Musk after US vote – Reuters
- Mercedes-AMG confirms it will build electric super-SUV – Autocar
- CEO Makoto Uchida shifts Nissan into emergency mode with job, capacity cuts – Automotive News
- Ford’s Winning Lineup Fuels Record Sales in the Middle East; Sets Stage for Electrified Future – FT
- Lamborghini earnings rise on solid orders and new models – Automotive News
- India’s Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales – Reuters
- Nissan plans 9,000 job cuts, slashes annual profit outlook by 70% – Reuters
- What Trump’s re-election means for Elon Musk – Japantimes
Wednesday Morning Auto News, Nov 06, 2024: BMW, Honda profits tank. Tesla jumps on Trump win. BMW dumps much of Rolls-Royce stake. More.
- BMW dumps much of Rolls-Royce stake – Autoblog
- Audi will give S-Line treatment to A3 Sportback – Autoblog
- BMW downplays fears over U.S. tariffs in Trump election win – Reuters
- BMW faces ‘extraordinary challenges’ as faulty brakes and slumping Chinese sales cost the group profits – Fortune
- BMW looks to deepen cooperation, innovation – Chinadaily
- BMW profit plunges on China sales and brake issues, misses expectations – Reuters
- BMW says potential U.S. import tariffs could be an ‘advantage’ – Automotive News
- China’s Xpeng bets on extended-range hybrid tech to boost sales – Reuters
- China woes weigh on profits at Toyota, Honda and BMW – FT
- Elon Musk is sued over $1 million election giveaway – Reuters
- Elon Musk’s Election Day X Posts: Trump Support and Conspiracy Theories – New York Times
- Elon Musk’s gamble on Donald Trump pays off – FT
- Elon Musk’s super PAC declares Trump winner prematurely – Fortune
- Elon Musk says his ‘cavalry has arrived’ to elect Donald Trump president—his ‘cavalry’ being men – Fortune
- Elon Musk says his super PAC won’t go away after the 2024 election – Businessinsider
- Elon Musk sued over $1m-a-day election giveaway – Guardian
Tuesday Morning Auto News, Nov 05, 2024: Musk says a $25,000 Tesla for human drivers is ‘pointless.’ Suzuki unveils small SUV EV for EU. Tesla hikes Grünheide salaries. More.
- Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers – Reuters
- Suzuki unveils e Vitara small SUV EV for Europe – Automotive News
- Tesla increases wages at German gigafactory by 4% – Reuters
- Schaeffler to Cut 4700 Jobs as Earnings Plunge on Car Slump – Bloomberg
- Suzuki unveils first mass-market electric vehicle – Japantimes
- A SpaceX Surprise and Two More Things to Know From Musk’s Talk With Joe Rogan – Barrons
- Dacia Spring Cargo unveiled as UK’s cheapest electric van – Autocar
- GM recalls 107 Bolt vehicles over fire risk – Reuters
- Kia Sportage facelift brings chunky look and upgraded hybrid – Autocar
- OpenAI in talks with California to become for-profit company, Bloomberg News reports – Reuters
- Suzuki to launch electric SUV in Europe next summer; Toyota version to follow – Automotive News
- Audi Group Profit Slumps on China Weakness, Plant Restructuring – Bnnbloomberg
- NHTSA closes probe into Ford engine failures, AP reports – Businessinsider