Top News:
- VW preps new strategy to become ‘mobility provider’ – Automotive News: Volkswagen, aiming to become a “mobility provider,” will introduce a new strategy in mid June, CEO Matthias Mueller said in a speech to senior company managers.
- Why We Need China to Burst Our Bubble Culture – Fortune: If I say “electric cars,” what comes to mind? Elon Musk and luxury electric vehicle (EV) maker Tesla TSLA 2.08% , of course. But Chinese car-makers…
- CompaniesFiat Chrysler refuses emissions talks; shares slip – FT: Shares in car maker Fiat Chrysler have slipped as much as 2 per cent today after the company refused to participate in a meeting with German officials…
- Volkswagen to unveil 2025 strategy in mid-June: CEO – Reuters: “We want to lead Volkswagen out of the company’s most difficult situation ever and shape it into a mobility provider,” Mueller said in a speech given to ..
- GM expands personal mobility brand – Just-auto: In less than four months, General Motors’ personal mobility brand Maven has expanded into five US markets with Boston, Chicago and Washington DC added this week to New York City and Ann Arbor, Michigan.
- Panasonic may ramp up investment in Tesla battery plant – Automotive News: Panasonic is prepared to move up its investment plans for Tesla’s battery plant, if needed, to meet strong demand for the EV maker’s upcoming Model 3 sedan, an executive at the Japanese electronics group says.
- French firms tweak CEO pay guidelines in bid to avoid new law – Reuters: Renault sparked outrage after its board waved through chief executive … urged Renault on Thursday to make “significant changes” to its pay practices.
- Dementia’s growing impact on corporate Japan – Nikkei:
- ‘Premium’ Nissan Qashqai could rival Audi’s Q3 – Autocar: Nissan is pressing on with a new range-topping Qashqai based on the matt black Premium Concept unveiled at the Geneva motor show in March.
- Daimler to book 2016 charge for Takata airbag recall costs – Just-auto: Daimler said it would book a charge “in the mid hundreds of million euros” in financial 2016 to cover costs associated with the recently announced…
- TVR’s new sports car – new cutaway pic, exclusive video – Autocar: Gordon Murray Design produces cutaway image of new model. The new car may take the Griffith name, of forbears from the 1960s and 1990s
- VW agrees to 4.8 percent pay raise for workers at German plants – Reuters: HANOVER, Germany May 20 Volkswagen and Germany’s powerful IG Metall labour union agreed a 4.8 percent pay increase for around 120,000 .