Top News:
- Takata seeks buyers rather than bankruptcy – Just-auto: Reports suggest that Takata has ruled out bankruptcy to deal with huge airbag recall liabilities and is instead seeking a buyer to carry it through its crisis.
- Toyota brake supplier Advics reports Japan plant explosion – Automotive News: Advics, a supplier of braking components to Toyota, reported an explosion at one of its factories in central Japan’s Aichi prefecture.
- Mazda Remains Committed to Bringing Diesel to US – Detroit Bureau: While there is no timetable, Mazda remains committed to putting a diesel-powered vehicle on the road in the U.S. Find out more at TheDetroitBureau.com.
- GM Adds $2 Bil to Financial Safety Net – Detroit Bureau: General Motors has put in place a bigger safety net, $14.5 billion, to protect the company in the event of hard times. Get the details at TheDetroitBureau.com.
- New diesel engine family debut on Mercedes E-Class – Just-auto: Mercedes-Benz says it is the first manufacturer to put diesel vehicles on the market that already meet the EU’s stricter emission limits that come into force in September 2017.
- Uber’s Fastest-Growing Region Set to Break Even, Fund Expansion – Bloomberg: Uber Technologies Inc. tripled the number of car journeys ordered using its ride-hailing app in Latin America during the first four months of this year,…
- Fuel Woes Hit Volkswagen and Suzuki Motors – Bloomberg: Profit at Volkswagen AG’s namesake brand crumbled 86 percent in the first quarter, highlighting the challenge the carmaker faces in emerging from…
- Germany Drops the Ball – Bloomberg: In any case, annoying China isn’t advisable if you have want to sell lots of cars in that country. Indeed, given the importance of Germany’s exports to…
- Mazzanti Evantra Millecavalli supercar to produce 985bhp – Autocar: Mazzanti is claimed to be the ‘most extreme street-legal car ever built in Italy’; its turbocharged 7.2-litre V8 produces 35bhp more than the LaFerrari’s hybrid-V12 powertrain
- 2017 Volkswagen e-Golf to get 186-mile range – Autocar: Real-world range is a claimed 124 miles; extended mileage comes thanks to a new lithium ion battery
- Volkswagen Brand Profits Crumbles 86% in Q1 – Bloomberg: Bloomberg’s Chris Reiter reports on Volkswagen’s performance and earnings. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)…
- Volkswagen Shares Dive After Surprise Profit Increase – Forbes: Volkswagen shares dived almost 4% after it reported operating profit rose to 3.4 billion euros ($3.8 billion) in the first quarter from 3.3 billion euros in…
- Opinion: Top Gear ‘a slightly pointless pantomime’ – Autocar: Fans of the show might take a while to be won over by the new series, but it had some enjoyable moments
- VW profit gains as carmaker battles to overcome crisis – Reuters: Even excluding the special items, profit came in at the high-end forecast of 3.15 billion euros in a Reuters poll of analysts. The poll’s consensus …