Top News:
- ‘Project Goldfinger’ sign spied in Tesla factory – Ibtimes: This likeness has now taken a step closer to reality after a sign reading “Top Secret: Project Goldfinger” was spied in Tesla’s California car factory.
- Apple Brings Back Product Guru to Run Project Titan – Detroit Bureau: Apple Brings Back Product Guru to Run Project Titan … Apple appears to be readying to bring a car to the market with the recent rehiring of product…
- Ford pours cold water on post-Brexit UK plant shuttering speculation – Just-auto: Ford is dismissing reports it could mull shutting UK plants following the decision by Britain to exit the European Union (EU).
- New Vehicle Sales Expected to be Flat in July – Detroit Bureau: New vehicle sales are expected to drop 1% year-over-year to a total of 1.5 million units in July 2016, but are still tracking for record levels.
- Mercedes Yanks Ad Touting Self-Driving Car – Fortune: Mercedes, part of Daimler AG DDAIF -1.46% , rejected the allegation that the ad was misleading. Automotive News said late Thursday Mercedes had…
- GM Brazil updates Chevrolet Onix and Prisma – Just-auto: When General Motors decided to revamp its full Brazilian model line withina year back in 2012, it was aware that, just four years later, it would run a similar marathon once again – six launches in seven months.
- Kodiaq SUV could lead Skoda’s charge into US market – Autocar: CEO Bernhard Maier’s US ambitions look to have gained traction after Skoda trademarks five names
- All-electric Jaguar SUV spotted testing – Autocar: This test car looks like a shortened F-Pace but it could be evaluating electric components for Jaguar’s anticipated Tesla Model X rival
- Apple Project Titan steers away from car production – Ibtimes: Apple has shifted gears to move its Project Titan car development away from producing an actual vehicle and instead towards self-driving technology.
- BMW unveils new-generation engine line-up – Autocar: New Efficient Dynamics petrol and diesel engines are said to emit fewer pollutants and run more smoothly; debut likely in 2017 BMW 5 Series
- GAC opens new China plant, targets growing local demand – Just-auto: China’s GAC Motor began operations at a second assembly plant as it targets fast growing demand in its local market.
- Panasonic to raise $3.9 billion, partly to finance Tesla plant investment – Reuters: “In the near term, strategic investment (from the money raised) would be mostly in Tesla’s Gigafactory. There is a need to speed up investment,” Kawai …
- BRIEF-Daimler to expand Hungarian plant with EUR 1 bln investment – Reuters: July 29 Daimler AG : * To expand its existing Hungarian plant at Kecskement, central Hungary – website magyaridok.hu. * New factory to cost EUR 1 …
- BRIEF-Mercedes to finish new Hungary plant by end of decade – Reuters: Hungary foreign minister says has offered 12.9 billion forints ($45.84 million) worth of incentives to Daimler for new plant, talks on that still in progress.
- Nissan Micra is the most exported car in June – Ibtimes: Nissan’s flagship model Micra has topped the most exported car list in June. Nissan exported 6,807 units from India last month. Nissan, which started…
- VW is top-selling carmaker in first half as Toyota slips – Automotive News: Toyota Motor reported a drop in first-half vehicle sales following a series of production stoppages, falling behind Volkswagen Group…
- Panasonic’s first-quarter profit falls 12.6 percent on investment in auto parts, housing – Reuters: That beat a Thomson Reuters Starmine SmartEstimate of 60.9 billion yen drawn from four analysts. The company kept its full-year operating profit …
- Mazda profit falls on strong yen, lower N.A. sales – Automotive News: Mazda said quarterly profit fell 42 percent as foreign exchange rate losses hit earnings and sales slipped in North America and Japan.
- Silverstone Classic: 50 years of BMW saloon car racing – Autocar: BMW’s centenary isn’t the only nice round number associated with the brand this year. Closer to home, it’s 50 years since the firm first raced in the…
- VW’s Audi will miss 2016 profitability goal – Reuters: DE) luxury division Audi will miss its benchmark for profitability this year as costs for the diesel emissions scandal and possible recalls of cars fitted …