Top News:
- Europe first half new car sales highest since 2008 – Just-auto: Stronger economic conditions, new products and continuing shifts in consumer taste have all helped maintain positive momentum in the European car market during the first half (H1) of 2016, according to JATO Dynamics analysts.
- Golden Years Redefined as Older Americans Buck Trend And Work – Bloomberg: He is using some of his driving money to make car payments. Although it’s hard to measure, alternative arrangements represent an expansion of work…
- Uber Targeted as Daimler’s Mytaxi Merges With U.K.’s Hailo – Bloomberg: Mytaxi, a German-based taxi app owned by Daimler AG, will merge with one of the U.K.’s most popular taxi-hailing services, Hailo, to better compete…
- The world’s fastest drift car: 1400bhp, 190mph Nissan GT-R – Autocar: How fast is a fast drift? 60mph? 80mph? How about 189.5mph: that’s the new Guinness world speed record for drifting, set by this specially-developed Nissan GT-R
- SoftBank, Honda dream of wheels that feel – Nikkei: SoftBank Group Chairman and CEO Masayoshi Son, left, and Yoshiyuki Matsumoto, who heads Honda Motor research and development unit, greet…
- Smart Cars Will Soon Be Useful For More Than Just Driving – Fortune: DHL will deposit packages in the trunks of Daimler’s smallest cars. … A spokesperson for Daimler told Fortune that, while the beta test is limited to…
- 2018 Mercedes-Benz GLE gets aggressive new look – Autocar: New spy shots of Mercedes-Benz’ upcoming off-roader show it has bigger wheel arches and a more raked rear window
- India’s Maruti Suzuki first-quarter profit up 23 percent, beats estimates – Reuters: NS), India’s top-selling car maker, posted on Tuesday a forecast-beating 23 … to post a profit of 12.39 billion rupees, Thomson Reuters data showed.
- CompaniesDaimler confirms merger of Hailo and MyTaxi – FT: Hailo chief executive Andrew Pinnington will lead the newly-formed company, which will keep the MyTaxi brand and be headquartered in Hamburg.
- Porsche Plans 1400 New Jobs for Tesla-Fighting Sports Car – Bloomberg: Porsche will add more than 1,400 new jobs as it revs up development of its first all-electric sports car to challenge Tesla Motors Inc. and plans an initial…
- Auto business confidence hit but holding up, despite Brexit – Just-auto: A global survey of professionals across four industries – including automotive – shows that global auto industry confidence is holding up, despite some reduction in business optimism following the UK referendum vote to leave the EU last month (so-called ‘Brexit’).
- Faurecia posts H1 operating income up 28% to EUR490m – Just-auto: Faurecia has unveiled half year operating income up 28% to EUR490m (US$539m), representing 5.1% of total sales.
- Porsche to create more than 1400 jobs for electric car – Reuters: STUTTGART, Germany Porsche (VOWG_p.DE) has raised the number of jobs it will create for the production of its first all-electric sports car to more …
- Hyundai slides to tenth straight profit drop, sees tougher US market ahead – Reuters: That was just below a consensus forecast of 1.67 trillion won from a Reuters’ poll of 19 analysts. Over the past couple of years, the automaker has bet …
- BRIEF-Hyundai Motor says US sedan competition intensifies in H2 – Reuters: July 26 Hyundai Motor Co : * Says U.S. sales incentives for sedans jumped in H2 compared with previous year; sees U.S. sedan competition …
- China’s Nanjing city researches license plate restriction policy – Reuters: If Nanjing enacted such a policy, it would be the first city to restrict plate issuance since a downturn in the auto market began last year as economic …
- Hyundai Motor posts tenth straight profit drop, warns second-half could be tough – Reuters: Hyundai, the world’s fifth-biggest automaker together with affiliate Kia Motors (000270.KS), said on Tuesday its April-June net profit slipped to 1.66 …
