Top News:
- Retail Sales in U.S. Fell in February After January Revised Down – Bloomberg: The decrease in purchases, which included auto dealers, department … The median forecast in a Bloomberg survey called for a 0.2 percent drop in…
- Ghosn confident as new AvtoVAZ CEO announced – Just-auto: Nicolas Maure, currently heading up Renault Group operations in Romania, has been named as the new CEO of AvtoVAZ starting April 4. He succeeds Bo Andersson.
- Google to Testify at Senate on Driverless Cars – Bloomberg: Self-driving cars may revolutionize U.S. transportation enough so that the government can … Bloomberg’s Cory Johnson reports on “Bloomberg .
- Kremlin confirms auto subsidy for 2016 – Just-auto: Russian government officials are confirming they will maintain the level of subsidy this year to the automotive sector, with The Kremlin insisting the segment remains a top industrial priority.
- VW Financial Services builds reserves for residual value declines – Reuters: Volkswagen’s financial services arm said it had set aside 353 million euros $391 million) in reserves mainly to cover potential declines in residual values on cars in its leasing fleet, in the wake of the diesel emissions cheating scandal.
- Institutional investors sue VW – Just-auto: Volkswagen Group is being sued for EUR3.3bn by a group of institutional investors in Germany who allege that the company failed to publish information about the emissions scandal in a timely manner.
- 2017 Honda Civic hatchback previewed in new patents – Autocar: The hatch version of Honda’s next-gen Civic has appeared on a patents website, revealing a few design differences from the saloon
- GM lawyer says ‘accidents just happen’ in new ignition switch trial – Automotive News: ‘Sometimes, accidents just happen,’ a lawyer for General Motors told a U.S. jury in defense of the carmaker at a test trial over a deadly flaw in millions of ignition switches.
- GAZ in talks to build Iran manufacturing plant – Just-auto: GAZ Group says it is in negotiation with Iran to construct a manufacturing plant as the ending of sanctions opens up the hitherto largely closed country.
- Infiniti Q30 – Autocar: Infiniti looks to a premium hatch to make its breakthrough in Europe The premium brands conjured up by Japanese manufacturers in the 1980s to sell more cars in the US have proven remarkably averse to global success.
- Renault confirms Romania head Maure to lead Avtovaz – Reuters: Maure, 55, currently managing director for Renault Group in Romania, … the Renault-Nissan Alliance and Russian state-held firm Rostec said in a …
- Toyota preps plug-in Prius for N.Y. – Automotive News: Toyota plans to bring ‘the next mechanical marvel in the Prius lineup’ to the 2016 New York Auto Show, which opens to the media on March 23.
- CompaniesRenault’s Nicolas Maure takes the wheel at AvtoVAZ – FT: Renault and Nissan will on Tuesday name Nicolas Maure as the new boss of AvtoVAZ, Russia’s largest car maker. The Frenchman – who currently…
- GM starts rental scheme for Lyft drivers – Just-auto: Under a new initiative between the two partners, e-hailing Lyft drivers will be able to rent cars from General Motors.
- Freight trucks to platoon on Europe’s roads – Just-auto: Early next month, the world’s first cross-border initiative with smart trucks will take place in Europe.
- Uber Motorcycle Service Halted in Bangalore as Bikes Confiscated – Bloomberg: The two companies have ceased services and the seized vehicles can only be released … Uber didn’t respond to phone calls and an e-mail from Bloomberg News … Ola also allows customers to hail three-wheeler auto rickshaws.
- Renault Romania’s Nicolas Maure to become Avtovaz CEO -source – Reuters: Maure’s candidature was proposed by the Renault-Nissan Alliance which owns Avtovaz jointly with controlling stakeholder, Russian state-held firm …
- GM Offers Rentals to Lyft Drivers Accelerating Challenge to Uber – Bloomberg: “You don’t have to own a car to be able to earn money giving rides to passengers,” Zimmer said. “We have now made car ownership an option for both…
- Toyota to agree base wage rise of 1500 yen, half of union demand -Jiji – Reuters: The Nikkei reported last week that Toyota was hoping to agree on a deal … Toyota is seen as a bellwether for wage talks that take place across the …