Top News:
- Hyundai’s Genesis G90 outsells German luxury cars – Just-auto: To the astonishment of some, Hyundai Motor Group’s high priced Genesis G90 is outselling many similarly sized luxury cars worldwide. This includes…
- VW Delivers Profitable Surprise – Detroit Bureau: Some good news from Volkswagen for a change: the automaker delivered significantly better earnings for the first half than expected, despite its diesel emissions scandal. But the German giant still has plenty of challenges ahead, reports TheDetroitBureau.com.
- China Hyundai Dealers Seek Compensation From Car Maker – WSJ: Hyundai dealers who sell only imported cars are struggling with declining … Authorized Hyundai dealers in China can sell either locally produced…
- GM’s Legal Problems Continue to Grow – Detroit Bureau: For GM, or its legal team anyway, its 2009 bankruptcy is a never-ending battle. In the latest round, unsecured creditors scored a win!
- Hyundai dealers in China seek up to $135 million in compensation – Automotive News: A group of Hyundai dealers in China is seeking 800 million-900 million yuan ($120 million-135 million) in compensation from the South Korean automaker, saying Hyundai has cut the flow of models it exports to them, resulting in dealership losses and…
- Volkswagen First-Half Earnings Beat Expectations – WSJ: Earlier this year, Volkswagen said it didn’t foresee any further costs from the emissions scandal but didn’t rule it out. The Wolfsburg, Germany-based…
- China’s BYD and Korea’s Samsung: Can Two Battery Kings Forge a Profitable Partnership? – Forbes: News that South Korea’s Samsung Electronics plans to invest in China’s leading electric vehicle maker, BYD , raises the prospect of a powerful…
- Brexit could lift UK auto production – Asia perspective – Just-auto: The automotive industry in Asia is busy weighing up the implications of last month’s decision by the UK to leave the EU – whether the outcome of the referendum represents an opportunity for their businesses or in fact a threat. The impact so far in terms of currency fluctuations has been significant.
- VW Group chairmen accused of diesel emission cover-up – Autocar: Three US states launch cases against VW Group, alleging former and current chairmen, plus senior employees, covered up the scandal
- Bentley Bentayga Fly Fishing edition revealed – Autocar: Bentley and Mulliner cater for the well-heeled outdoorsman with a Fly Fishing special edition of the Bentayga. It’s a mere £80,000 pricier than the standard car
- Volvo Group agrees EU antitrust probe settlement – Just-auto: The Volvo Group said it had reached a settlement with the European Commission putting an end to a long-running EU antitrust investigation.
- 2017 Lamborghini Aventador to get more aggressive aero package – Autocar: More downforce and power could come as part of a mid-life facelift for Lambo’s flagship
- Why the automotive throne of the future may belong to Germany – Washington Post: VW announced plans last month to debut more than 30 new electric vehicles by 2025 and to expand its investment in battery technology, digitalization…
- Tesla CEO Expects SolarCity Acquisition Vote to Pass by Two-Thirds Majority – WSJ: Tesla Motors Chief Executive Elon Musk said he expects a supermajority of shareholders to support the electric-car company’s proposed combination with SolarCity, despite investor skepticism about the planned deal.
- Japanese craftsmanship – what are we missing? – Autocar: Is it time to take note of Japanese interior design? Infiniti certainly thinks so, and is doing its best to blow the likes of Audi, BMW et al out of the water
- Toyota puts fresh investments in India on hold; new Fortuner launch at stake – Ibtimes: Toyota, one of the worst affected car-makers by the ban on the registration of diesel cars over 2000cc in Delhi and subsequent NGT orders in the…
- Volkswagen profit tops forecast, but takes another dieselgate hit – Reuters: It has already set aside 16.2 billion euros to pay for technical fixes for cars that violate clean air standards, buybacks of vehicles and legal costs.
- Mercedes reveals Future Bus concept – Autocar: An autonomous bus concept has been revealed by Mercedes-Benz, which envisages it as the future of public transport
- VW First-Half Profit Rises Amid Recovery From Emissions Scandal – Bloomberg: Volkswagen AG’s first-half earnings exceeded market expectations, sending its shares up the most in three months, as its namesake car brand…
- CompaniesVolkswagen H1 results ‘significantly higher’ than forecast – FT: Volkswagen has said its results in the first half of the year were “significantly higher” than expected, despite the continued fall-out from the diesel…