Top News:
- Third Point buys stake in Suzuki Motor, sending shares to lifetime high – Reuters: U.S. activist investment fund Third Point LLC has placed a bet on Japan’s Suzuki Motor Corp potentially worth almost $1 billion citing the automaker’s dominance in India, sending its shares to a lifetime high.
- AUSTRALIA: Former FCA CEO denies charges in federal court – Just-auto: Fiat Chrysler Automobiles has traded charges in Australian federal court with its former Australian CEO.
- Americans Concerned about Vehicle Hacking – Detroit Bureau: The recent hacking of a Jeep Cherokee that ended with the ute running into a ditch has gotten the attention of the American motoring public and they have concerns: 80% believe it will be a “frequent” problem in the next three years.
- Chrysler, Nissan US July sales rise on SUV strength – CNBC: Fiat Chrysler Automobiles and Nissan Motor said on Monday their U.S. July sales outstripped expectations on the strength of sport utility vehicles sales…
- Crossovers, trucks drive Nissan, FCA to solid gains – Automotive News: Robust demand for trucks and crossovers helped Nissan Motor and FCA post higher U.S. sales last month. Nissan Group’s deliveries rose 7.8 percent to 130,872 — a July record. Fiat Chrysler’s sales, aided by another strong showing at Jeep, rose 6.
- Nissan July U.S. Sales Rise More Than Analysts Had Predicted – Bloomberg: Nissan Motor Co.’s July U.S. auto sales rose 7.8 percent, beating the average analyst estimate for a 5.3 percent gain. Fiat Chrysler Automobiles NV…
- Jeep leads Fiat Chrysler to best July sales since 2005 – Detroit News: July marked the automaker’s best July U.S. sales since 2005.
- Fiat Chrysler, Nissan U.S. July sales rise on SUV strength – Reuters: Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Monday their U.S. July sales outstripped expectations on the strength of sport utility vehicles sales.
- THAILAND: JLR clarifies ASEAN expansion goals – Just-auto: Tata Motors’ luxury car units Jaguar Land Rover has clarified its thoughts on local assembly in the ASEAN region following local media reports in July.
- German carmakers buy Nokia maps to fend off digital rivals – Reuters: German carmakers BMW , Audi and Mercedes , will pay around 2.5 billion euros ($2.8 billion) to buy Nokia’s maps business, beating out high-tech rivals for location services seen as key to the future of self-driving cars.
- CANADA: Toyota gets government funds for Lexus production – Just-auto: Toyota Motor Manufacturing Canada (TMMC) has announced it is spending C$421m to build the next generation Lexus RX350 and 450h models at its Cambridge [South], Ontario assembly plant.
- BMW to expand electric car range as Apple partnership gossip rumbles on – Ibtimes: BMW is set to fill the void between its i3 and i8 electric cars with an expanded range of zero-emission vehicles. Company chief executive Harald…
- Toyota issues counterfeit alert over sold bogus airbag parts – Ibtimes: A worker sets up a display near the Toyota booth in preparation for the 2014 Consumer Electronics Show (CES) at the Las Vegas Convention Center…
- Beijing to limit cars, factories to ensure clean air for war anniversary – Reuters: 3, the city will halve the number of vehicles allowed on the streets, restricting cars according to their license plate numbers, the People’s Daily, the…
- Suzuki hits record as Loeb reveals stake – FT: US activist fund says Japanese carmaker appears ‘undervalued’
- 2016 Renault Megane to get more mature design – Autocar: The new Renault Megane will go on sale in the UK early next year, with its styling heavily influenced by the new Renault Espace and Talisman models…
- GAC Honda finishes upgrading portfolio, expand rapidly succeeding growth momentum – Automotive News: Since GAC Honda realized sales growth among overall sales slide in the first half of the year, the joint-venture…
- JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of Law – Bloomberg: One of the participants in a $1.5 billion term loan that JPMorgan Chase & Co. made to General Motors Corp. before its bankruptcy is now suing the…