Top News:
- U.K.’s May Faces Demands to Reveal ‘Secret Deal With Nissan’ – Bloomberg: She said the possibility of tariffs being imposed on car exports was the company’s main concern when she met with Nissan after the Brexit vote and…
- What to Expect From Tesla and SolarCity’s Launch Party on Friday – Fortune: While electric car maker Tesla and solar company SolarCity will likely unveil a new solar product on Friday evening in Los Angeles, the duo have a…
- Volkswagen HR chief says expects five-digit number of job cuts: FAZ – Reuters: Volkswagen expects the shift to electric cars to cost a five-digit number of jobs in coming years, Frankfurter Allgemeine Zeitung reported, citing the carmaker’s human resources chief
- Nissan-backed Calsonic Kansei surges on report of KKR takeover – Automotive News: Calsonic Kansei CEO Hiroshi Moriya said in April the company seeks to cut its dependence on Nissan and add more customers. Photo credit: HANS…
- Alphabet’s Big Bets Shift to Cloud, Away From Moonshots – Bloomberg: The Other Bets segment, which also includes the autonomous vehicle … including a team of veteran engineers from its self-driving car project, who…
- Apple’s Decision To Scale Down Car Project Is A Positive For Investors – Forbes: Bloomberg is reporting that Apple has significantly scaled down its … or innovative brands (such as Tesla) and it’s difficult to see a niche that Apple…
- Recessions, Driverless Cars and Corvettes – Bloomberg: Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at…
- Theresa May’s secret deal with Nissan – FT: What assurances did the UK government give to Nissan to persuade it to expand production at its Sunderland plant? Following the Japanese…
- AutoNation set to add used-car stores, more service centers – Reuters: U.S. auto retail chain AutoNation Inc said on Friday it will invest $500 million or more over the next several years to expand its business beyond new …
- Mitsubishi Motors Earnings Take A $2 Bn Hit After Fuel Economy Scandal – Forbes: The Japanese car manufacturer announced today loses of Y=220 billion ($2 … This follows from a scandal where Mitsubishi Motors falsified the fuel…
- Tata may find dismissing Mistry easier than his accusations – Reuters: Ratan Tata may have dumped Cyrus Mistry as chairman of his 148-year-old family empire, but will find it harder to expunge the ex-manager’s accusations that his acquisitive habits and lack of focus on returns have destroyed billions of dollars in shareholder value.
- AutoNation adds used-only stores as part of broad expansion – Automotive News: AutoNation is embarking on a wide-ranging, $500 million brand extension strategy led by the launch of stand-alone used-vehicle stores using no-haggle pricing.
- Up to 20% of new cars are pre-registered by dealers – Autocar: A BBC investigation has found an increase in the practice, which can provide big discounts for customers but skew sales figures
- EU fears VW diesel fixes could damage engines: Spiegel – Reuters: The European Commission fears steps taken by Volkswagen to refit polluting diesel cars may damage the vehicles’ engines, the Spiegel magazine reported, citing unidentified staff at the European Union’s executive branch.
- We Are Entering a Golden Era for Sidecar Motorcycles – Bloomberg: That was the age of one-car families, when sidecars were used as an essential and highly practical alternative form of family transpiration. “This is a…
- Mini Countryman to get rugged off-road variant – Autocar: The 2017 Mini Countryman has been revealed, but we understand a more rugged variant with a raised ride height and skid plates is in development