Top News:
- VW Is in Too Much of a Hurry to Move On – Bloomberg: It planned to announce a $10 billion deal with U.S. car owners and a fix for their cars, hold a general shareholders’ meeting on Wednesday and settle…
- Toyota bets big on autonomous and AI tech – Just-auto: Toyota is to spend US$1bn over the next five years on its US-based Toyota Research Institute (TRI), a high tech research lab that will focus on autonomous cars, artificial intelligence and robotics. Toyota’s move comes as competition to develop self-driving cars intensifies.
- VW Facing New Lawsuit from Bondholders – Detroit Bureau: The latest suit against VW by bondholders claims misleading statements by executives caused the bottom to fall out of the bonds. Get details at TheDetroitBureau.com.
- Jaguar Land Rover copycat lawsuit proceeds despite patent cancellation – Automotive News: China’s cancellation of Jaguar Land Rover’s patent on the Range Rover Evoque will not stop it from going after an alleged Chinese copycat in a separate unfair competition and copyright proceeding, a Jaguar Land Rover spokesman said today.
- GM Gets Four Bites on Sale of Wisconsin Plant – Detroit Bureau: General Motors is entertaining four potential buyers for an old – actually the company’s oldest – assembly plant in Janesville, Wisconsin. For more, go to TheDetroitBureau.com.
- FCA to investigate actor’s Jeep tragedy death – Just-auto: Fiat Chrysler Automobiles (FCA) has said it is conducting a “thorough investigation” into the circumstances of the tragic death of ‘Star Trek’ actor Anton Yelchin following an accident in his Jeep vehicle.
- BAIC officially receives 35% shares of FBAC – Automotive News: It’s known that the stock right transaction will deepen into the vehicle business to strengthen cooperation between BAIC and Daimler, to complete…
- JLR opens new engine factory in Wolverhampton – Autocar: On a 120-acre site close to the M54 motorway, JLR’s new factory is set to produce 1200 engines a day
- BMW Seeks Partners in Race to Build Self-Driving Car’s Brain – Bloomberg: BMW is accelerating plans to acquire technology expertise in a race with the likes of Apple Inc. and Google to make cars smart enough to react like…
- 2016 Bentley Mulsanne facelift priced from PS229,360 – Autocar: Updated Bentley features improved chassis technology, modern styling and an extended range; order books open now
- Hyundai ignores diesel backlash – Genesis models coming – Just-auto: Hyundai Motor Company has denied reports in the South Korean media claiming that it has cancelled plans to add diesel engines to its Genesis…
- 2016 Bentley Mulsanne EWB launched with NASA gigapixel image – Autocar: If printed this giant image is as big as a football pitch; it’s made up of 53-billion pixels
- NEVS drops Saab as it establishes identity – Just-auto: National Electric Vehicle Sweden (NEVS) is to drop the Saab trademark as it moves to become asustainable mobility provider.
- Ex-VW CEO Winterkorn under investigation – Just-auto: Former Volkswagen chief Martin Winterkorn is under investigation in Germany for alleged market manipulation. Prosecutors in Germany have accused Winterkorn, and another former board member, of withholding information from investors about VW’s emissions scandal.
- Honda Taiwan reaches 300K cumulative milestone – Just-auto: Honda Taiwan has held a ceremony to celebrate its 300,000-unit cumulative automobile production at its plant in Pingtung City.
- Volkswagen’s Risking an Electric White Elephant – Bloomberg: Still, trying to manufacture lithium-ion batteries would entail huge risks for Volkswagen, whose balance sheet has already been weakened by the 16.2…
- Chinese firm denies agreement with Tesla to build factory – Reuters: Tesla currently sells only imported cars in China, making them subject to … with the Chinese government on potentially producing cars domestically.
- Samsung SDI, LG Chem Face Setback in China on Electric-Car Batteries – WSJ: SEOUL-South Korea’s two biggest electric-vehicle battery makers-LG Chem Ltd. and Samsung SDI Co.-have failed to get battery certifications…:
- PSA Rennes plant assigned new Citroen SUV – Just-auto: PSA has announced that its Rennes plant in north-western Francehas been assigned the production of a new Citroen SUV/crossover that was previously set to .
- Aston Martin DB11: first all-new V12 engine built – Autocar: Brand new 600bhp 5.2-litre twin-turbocharged V12 engine has been produced, to be used for the next decade and beyond in DB11 and other Aston models