Top News:
- Germany may increase support for electric cars – Automotive News: Chancellor Angela Merkel said her government is examining further support to help bring one million electric cars onto German…
- Audi joins brands contending with falling China sales – FT: Audi’s sales in China fell for the first time in more than two years in May, as what was once the world’s fastest-expanding key car market threatens to…
- Toyota’s controversial new class of stock approved – Automotive News: Toyota shareholders approved a controversial new class of stock today that will bring in more long-term investors, but which faced opposition from foreign funds as the shares are only readily available in Japan.
- US: Honda axes production of Civic Hybrid – Just-auto: Honda is axing its Civic Hybrid and natural gas models in the US because of the advances the company has made in improving fuel economy from its conventional engines.
- Geely will unveil compact car developed with Volvo at Geneva show – Automotive News: Geely Automobile Holdings plans to display the first compact car jointly developed with Volvo in March at the Geneva auto show next March.
- Remote-Control Range Rover Shows Hand on Wheel Becoming Optional – Bloomberg: Jaguar Land Rover is testing a sport utility vehicle using a smartphone … BMW, the world’s biggest maker of luxury cars, presented the newest version…
- Honda sees tiny HR-V scoring home run even if fuel prices rebound – Automotive News: Honda has sold 6,381 of its new HR-V crossover in two weeks, triple what any other automaker has managed in the first month with a new model in the segment. That has led the company to weigh its options to meet the better-than-expected demand.
- Tesla: Family of Model 3 cars will help drive 500000 sales per year by 2020 – Ibtimes: and certainly by 2020 – it is likely that the rest of the car industry will have done its all-electric homework and produced a range of vehicles…
- Jaguar Land Rover reveals advanced self-driving tech – Autocar: Advanced systems allow drivers to control their car via a smartphone app, while the car can execute 180deg turns by itself
- BRIEF-Toyota to buy back up to 600 bln yen of shares -filing – Reuters: June 16 Toyota Motor Corp : * To buy back up to 50 million shares, same number as in first series of its ‘Model AA’ stock issue -filing. * To buy back…
- Renault Kwid Caught Testing without Camouflage Ahead of Launch; Everything You Need to Know … – Ibtimes: The new small car, Kwid, from the house of Renault was spotted for the first time since its global unveiling in May undergoing testing with no…
- Fiat, Renault-Nissan lead slowing European market rebound – Reuters: T) and rival automaker Fiat Chrysler (FCHA.MI) led European car sales higher in May, according to industry data published on Tuesday, but the overall…
- Audi loses Le Mans, wins viral video rankings – Automotive News: Audi’s latest top spot is bitter-sweet.
- Toyota Wins Vote on Shares That Lock In Owners for Five Years – Bloomberg: Model AA shares, named after Toyota’s first car, will be restricted from trading for five years. In exchange, the company pays a fixed dividend and will…