Top News:
- VW spent two years trying to hide a security flaw – Automotive News: Thousands of cars from a host of manufacturers have spent years at risk of electronic car-hacking, according to expert research that Volkswagen has spent two years trying to suppress in the courts.
- Tesla’s Just Raised the Size of Its Equity Sale – WSJ:
- Are Tesla Cars a Loss-Leader for Innovation? – Bloomberg: Tesla Motors has boosted the size of its stock offering to nearly 2.7 million shares, which will raise about $642 million for the company.
- GERMANY: Audi plans 500km range EV battery for future SUV – Just-auto: Audi says it will work with LG Chem and Samsung SDI to develop a new battery for a purely electrically powered sport utility vehicle that will have a fully charged range of ‘more than 500km’.
- Tesla raises share offering to $642.5 million – Automotive News: Electric automaker Tesla Motors said today it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday.
- Automakers scramble to assess damage from huge blasts at China port – Automotive News: Global automakers including Volkswagen, Hyundai, and Toyota scrambled today to assess damage to cars and facilities after two massive explosions in the port city of Tianjin, China’s largest auto import hub.
- 2017 Bugatti Veyron replacement spotted in LA, plus new teaser video – Autocar: This Bugatti mule was spotted at Los Angeles airport New hypercar to feature a hybrid powertrain and come to market in 2017; could be called Chiron
- Tesla Motors Raises Offering to About 2.7 Million Shares – Bloomberg: Tesla Motors Inc. has raised its stock offering to about 2.7 million shares from 2.1 million shares, to raise about $641.9 million before the so-called…
- Wrecked cars revving up visits to Corvette Museum – Detroit News: The repaired exhibit area has become a magnet for visitors, and the dirt-caked remains of the mangled cars are the stars
- Nissan to Launch New-Gen X-Trail SUV During Festive Season in India – Ibtimes: Nissan Motor India (NMIPL) is all set to re-launch its SUV, the X-Trail, during the festive season, reports Autocar India. The first generation X-Trail was…
- VW’s Audi car sales gain 1.4 pct in July – Reuters: Audi, which is owned by Volkswagen said it had delivered around 146,100 cars in July. The sales drop is partially because Audi is preparing to switch…
- BMW Previews M4 GTS Concept Ahead of Pebble Beach Launch – Ibtimes: BMW has unveiled the images of the M4 GTS Concept, which is reportedly slated to be unveiled at the Pebble Beach Concours d’Elegance on 14 and…
- 5 US companies feeling the heat in China – CBS News: China’s plummeting stock market has caused auto sales to drop off, which is bad news for General Motors given what a key market this has become…
- Mercedes’s China Boom Boosts Its July Sales Above BMW and Audi – Bloomberg: Mercedes-Benz sold more luxury cars than Audi and BMW in July, as its rising deliveries in China defied a market slowdown there. Bolstered by…
- GERMANY: Evonik offers glass-fibre moulding for automotive – Just-auto: Evonik says it is now offering a glass-fibre reinforced moulding compound for automotive application based on polyphthalamide (PPA) – Vestamid HTplus M1035 P1.
- US: BMW M4 GTS concept previews water injection technology – Just-auto: A concept version of the BMW M4 is making its global debut at this week’s Monterey Car Week in California. The prototype’s engine features water injection, which is claimed to both boost power and lower fuel consumption.
- European shares set for weekly fall after China’s forex fall – Reuters: European stocks edged higher on Friday, buoyed by auto and travel stocks, although they remained on course for a…
- Land Rover Defender special – crossing the Atlantic – Autocar: We know they’re virtually unstoppable on land, but can a Land Rover Defender possibly conquer the sea as well?
- Yandex Triples Russian Online-Taxi Revenue to Stay Ahead of Uber – Bloomberg: That compares with about 3,000 cars for Uber. Yandex, which still gets most of its cab revenue from the capital, plans to increase coverage to 25…
- Japan car makers, retailers report minor damage from blasts at China port – Reuters: Several Japanese automakers including Toyota Motor Corp reported damage to cars and facilities after two huge…
- Red Ferrari Race Car Leads RM Sotheby’s Record $67 Million Sale – Bloomberg: A private collection of 25 cars that includes Ferraris, Lamborghinis and Bugattis fetched a record $67 million at auction in Monterey, California.