Top News:
- Hackers turn off Tesla Model S at low speed, report says – Automotive News: Cybersecurity researchers said they took control of a Tesla Model S car and turned it off at low speed, one of six significant flaws they found that could allow hackers to take control of the vehicle, the Financial Times reported.
- GM China’s July sales drop 4 percent but profit margin goal seen intact – Reuters: General Motors Co sales in China fell 4 percent year-on-year in July but the U.S. automaker said it remained on track to achieve an upbeat goal for profit margins this year in its second-largest market.
- Tesla Tanks as Musk Struggles to Perfect SUV’s Artsy Middle Seat – Bloomberg: “In the long run 5,000 cars is not a big deal, but it does raise eyebrows about … The average of analysts’ estimates compiled by Bloomberg was for a…
- Johanna Quandt, the billionaire widow behind BMW, dies aged 89 – Fortune: Johanna Quandt, the largest shareholder in luxury carmaker BMW AG BYMOF -2.35% and Germany’s second-richest woman, has died aged 89.
- W.Europe car sales rise 8.8 pct on Germany, southern markets – Reuters: Western European car sales jumped 8.8 percent last month, according to industry data released on Thursday, as buoyant demand in Germany and southern Europe made up for a weaker French performance.
- Mercedes-Benz China Sales Defy Slowing Market With 42% July Jump – Bloomberg: Photographer: Tomohiro Ohsumi/Bloomberg … Chinese sales by Mercedes rose to 29,540 cars in July as demand for the C-Class sedan and compact…
- Google’s $6 Billion Miscalculation on the EU – Bloomberg: “If we do not pay enough attention, we might invest in producing wonderful cars, but those selling the new services for the car would be making the…
- UK’s new car market continues to grow in July – Autocar: Figures from the SMMT show a 3.2% year-on-year increase in new car sales in July, but the rate of growth is slowing
- SOUTH KOREA: Import sales rise 14% in July – Just-auto: Sales of imported vehicles in South Korea increased by 14.3% to 20,707 units in July, compared with 18,112 units in the same month of last year, according to the Korea Automobile Importers and Distributors Association.
- Mercedes-Benz July sales jump to record on China, Europe demand – Reuters: Seven-month car sales at Daimler’s flagship brand were up 14.7 percent to a record 1.048 million autos, the Stuttgart-based manufacturer said on…
- BRIEF-SAIC Motor’s vehicle sales down 15.1 pct in July – Reuters: Aug 6 SAIC Motor Corp Ltd. * Says sold 343,205 vehicles in July versus 404,412 vehicles year ago. Source text in Chinese: bit.ly/1W3kkxt.
- UK new car registrations rise 3.2 percent in July – SMMT – Reuters: The Society of Motor Manufacturers and Traders forecasts that full-year new car sales will rise nearly 4 percent compared to last year, hitting 2.57…
- GM China Sales Fall for Third Time in Four Months – Bloomberg: General Motors Co. deliveries slumped for a third time in the past four months in China amid an industrywide slowdown in the world’s largest auto…
- Weak yen, returning carmakers throw lifeline to Japan’s steel mills – Reuters: Auto output may climb to highest in decade in 2017-18. * Toyota, Nissan, Honda to ramp up local output. By Yuka Obayashi. TOKYO, Aug 6 (Reuters)…
- China regulator orders inspections for green vehicles after bus fires – Reuters: They include BYD Co Ltd , backed by billionaire Warren Buffett’s Berkshire Hathaway Inc, which makes the country’s best-selling “new energy” vehicle…
- Noack: Driverless cars are coming, but slowly – Detroitnews: Automobile autonomy is coming – but it’s coming slowly. … I estimate that the challenge of fully automated cars is 10 orders of magnitude more…
- Bump in July car incentives helps close more deals – Detroit News: Deep discounts and zero percent financing people scooping up new vehicles at a pace not seen since 2000