Top News:
- Mahindra premium electric car to test UK appetite – FT: Several years before Tesla’s Elon Musk lent a fashionable sheen to electric cars, the world’s leading producer was a start-up in the Indian technology…
- EU Hits Daimler and Others With Record $3.2 Billion Cartel Fine – Fortune: Daimler DDAIF 0.08% is the hardest hit, as it will have to pay just over EUR1 billion. The others are DAF, Iveco, and Volvo/Renault. MAN, which is owned…
- Daimler says has made provisions for 1 bln euro anti-trust fine – Reuters: The fine that has been imposed (on Daimler) amounts to approximately … Daimler has already set aside 600 million euros to cover the trucks fine.
- Truck makers hit with near EUR3bn price-fixing fine – FT: Before the announcement four of the companies – Iveco, DAF, Volvo and Daimler – had between them set aside EUR2.85bn to cover the costs of the…
- Indonesia watchdog says Yamaha, Honda motorbike firms in suspected price-fixing – Reuters: Yamaha, Honda make up 97 pct of that market in country-watchdog. * Jakarta court to rule on price-fixing allegation (Adds comment from watchdog, …
- Truckmakers Fined Record $3.24 Billion by EU for Price-Fixing – Bloomberg: Daimler AG, Paccar Inc.’s DAF Trucks, Volvo-Renault and Iveco agreed to pay European Union regulators a record 2.93 billion euros ($3.24 billion) in…
- 2017 Nissan Qashqai autonomous tech previewed in new Serena – plus video – Autocar: Propilot system in Japanese MPV will be used in Nissan’s next-generation crossover, and has been demonstrated in a new video
- Land Rover Defender resurrection – Ineos model would stick with diesel – Autocar: Billionaire tycoon Jim Ratcliffe stands next to a Land Rover Defender
- US agencies talk future emissions and fuel economy rules – Just-auto: The US Department of Transportation (DOT), Environmental Protection Agency (EPA), and California Air Resource Board (CARB) have taken the first step in a mid-term evaluation of the national programme for greenhouse gas emissions and fuel economy standards for light duty cars and trucks with the release of a draft technical assessment report (TAR) for public comment.
- Volvo Group boosts Q2 profit and margin – Just-auto: Truckmaker Volvo Group boosted second quarter operating margin to 7.8% from 7.1% a year ago as sales fell 7% to SEK78.9bn (US$9.21bn). Operating income increased to SEK6.1bn fromSEK6bn.
- Nissan Europe claims SPF 500 ‘sunscreen’ for cars – Just-auto: With England in the grip of a rare heatwave – clear blue skies, late 20s to early 30s C temperatures, high humidity – Nissan Motor, which has an assembly plant in this country, claims UV protection on its crossovers such as the Qashqai and Juke (produced in Sunderland and sold across Europe) plus the imported X-Trail is equivalent to a Brit slapping on sunscreen with a sun protection factor (SPF) of 500.
- Audi boosting digital and EV spend next decade – Just-auto: Volkswagen Group’s premium brand Audi is to boost spending on digital technologies and electric vehicles over the next 10 years, company sources have told Germany’s Handelsblatt newspaper.
- Koenigsegg One:1 Nurburgring crash car could be rebuilt – Autocar: £1.8m hypercar was being tested in preparation for a record lap attempt; Koenigsegg has not ruled out another record attempt in the future
- Honda extends Thai Takata airbag inflator recall – Just-auto: Honda Automobile (Thailand) said it would extend the range of vehicles which require replacement of Takata driver airbag inflators.
- COMMENT: Rise of the manufacturing ‘bots – Just-auto: Thoughts this week are with the clever technology that is gradually changing the world of manufacturing.
- CompaniesHyundai hit by worker strikes – FT: Unionised workers at Hyundai Motor and Hyundai Heavy Industries launched partial strikes on Tuesday afternoon – their first joint industrial action in…
- Even After Recall, VW’s Dirty Diesels Won’t Meet Air Standards – Bloomberg: Volkswagen AG’s $15.3 billion settlement for cheating on emissions tests fell short in one key respect: even after the cars are recalled and repaired…
- Tesla Motors renames website to Tesla.com – Ibtimes: Tesla no longer considers itself solely a carmaker, having dropped the “motors” from its main website, teslamotors.com. This might not seem like a big…
- Fiat Chrysler Sales Figures Are Target of U.S. Investigation – New York Times: A Chrysler Jeep dealership in Hollywood, Fla. Fiat Chrysler sales figures are under scrutiny.
- 2017 Jeep Grand Cherokee SRT spied undisguised – Autocar: A pre-production facelifted Jeep Grand Cherokee SRT has been photographed completely undisguised
- (LEAD) Hyundai Motor, Hyundai Heavy workers stage simultaneous strike – Yonhap: Unionized workers at Hyundai Motor Co., South Korea’s top automaker, walked off the job for four hours on Tuesday…