Top News:
- Daimler CEO expects NAFTA free trade agreement will continue – Reuters: Mercedes maker Daimler expects that the NAFTA free trade agreement between the United States, Mexico and Canada will continue under new U.S. President Donald Trump, Daimler’s chief executive told a news conference on Thursday.
- Daimler pursues new records in tougher environment – Reuters: * Shares fall 3.5 pct, underperforming sector (Adds executive, analyst comments, details, background)
- Uber Rival Grab Rolls Out Indonesia Investment Plan – WSJ: Southeast Asian ride-hailing startup Grab plans to invest $700 million in Indonesia over the next four years, as it battles to win market share from Uber and homegrown startup Go-Jek.
- Geely’s Volvo Cars sales rise 5.1 pct yr/yr in January – Reuters: … of XC90 throughout Q1,” Lex Kerssemakers, head of Volvo Car USA, said in a statement.
- Lithium Ion Battery Market Worth 68.97 Billion USD by 2022 – Yahoo: Factors that are driving the growth of the market include increase in demand for electric vehicle (EV), strict government mandates on fuel economy,…
- Uber Halts Ride-Hailing Service in Taiwan – WSJ: Months after selling its ride-hailing services in mainland China, Uber said it will halt its services in Taiwan due to an escalating dispute with the government over the legality of its operations.
- Japan PM to meet Toyota president before Trump summit – Reuters: * Japan PM Abe to meet Trump next week
- Daimler yet more ambitious for 2017 after record year – Yahoo: Daimler group, the German carmaker behind Mercedes-Benz and Smart, on Thursday said it aims to further boost its…
- Daimler Gives Cautious 2017 Profit Outlook Amid Spending Push – Bloomberg: Daimler AG gave a tepid earnings outlook for 2017 as aggressive spending to develop next-generation cars holds back gains at Mercedes-Benz and…
- Mazda cuts profit outlook on weak sedan sales, high costs – Reuters: A Mazda logo is pictured on a CX-5 car during the media day at the Paris Mondial de l’Automobile, October 3, 2014. REUTERS/Jacky …
- Daimler sees slight growth in 2017 operating profit, sales – Reuters: But profit at the Mercedes cars division jumped 22 percent in the quarter and … the top end of Daimler’s forecast range, according to the poll.
- Volvo seeks volunteers for self-driving car trial in West London – Guardian: Volvo’s XC90 Drive Me test vehicles will drive themselves outside London, but once inside the city the driver will have to take over. Photograph: Volvo.
- Uber says will suspend its ride-hailing service in Taiwan from Feb. 10 – Reuters: Uber Technologies Inc [UBER.UL] said it will suspend its service in Taiwan from Feb. 10, the latest salvo in the wrangle between the island’s authorities and the global ride-hailing service company.
- Ford, GM see January sales gains in Canada – Yahoo: The Canadian arms of Ford Motor Co and General Motors Co reported single-digit gains for January car and light truck…
- Toyota a Japanese brand, but also a U.S. manufacturer: company president – Reuters: Toyota Motor Corp President Akio Toyoda said on Thursday his company had increased its U.S. production in the past three decades, and that the Japanese brand should also be considered as a U.S. manufacturer.
- Sales slip for FCA, Ford and GM but outlook still strong – Freep: Americans continued to buy new cars and trucks at a steady clip in January amid historically high consumer confidence, stock market gains, easy…
- Japan PM says meeting with Toyota president was decided months ago – Reuters: Japanese Prime Minister Shinzo Abe said on Thursday that his plans to meet with Toyota Motor Corp Chief Executive Akio Toyoda on Friday were arranged months ago and he did not suddenly summon Toyoda in response to U.S. rhetoric on trade policy.
- GM, Tesla set to debut long-range EVs in S. Korea – Yonhap: U.S. electric vehicle maker Tesla is also set to enter the South Korean EV market. In September last year, it filed for certifications on emissions and…
- Electric Cars Could Cause Oil Market Disruption on Par With OPEC – Bloomberg: About 2 million barrels a day of oil demand could be displaced by electric vehicles by 2025, equivalent in size to the oversupply that triggered the…
- Kia to keep exporting cars from Mexico – Reuters: The automaker plans to keep shipping cars to the U.S. from Mexico despite Trump’s ”America First” battlecry and threats to impose a border tax and …
- Tesla’s electric car falls short in new IIHS crash tests – Yahoo: Tesla Motors’ luxury electric sedan fell short of receiving the highest crash-protection ratings in testing by the insurance industry’s safety arm, but two other plug-in cars earned top marks. The Insurance Institute for Highway Safety said Wednesday …
- Toyota Leads Automakers Reporting Lower US Sales – Bloomberg: Toyota led major carmakers reporting lower U.S. sales in January, even as an industry trying for another record year piled on discounts to keep…
- Cadillac Is Huge in China – Bloomberg: 4 luxury car brand last year, as annual sales jumped 46 percent, to 116,000. While German luxury brands, led by Volkswagen’s Audi, have 75 percent…
- Cheaper renewables to halt coal and oil demand growth from 2020 -research – Reuters: … London and independent think tank Carbon Tracker Initiative analysed cost forecasts for electric vehicle (EV) and solar photovoltaic (PV) technology …
- Tesla fans say they are canceling Model 3 orders over Musk’s Trump connection – Yahoo: Meanwhile, it is unclear how many customers have canceled Model 3 reservations, which require a refundable $1,000 deposit. Tesla has about a yearlong backlog of pre-orders for the car, which will be Tesla’s first midpriced all-electric sedan. Musk has …
- Alphabet pulls ahead in driverless car race – FT: California is unique in the US for requiring that companies testing autonomous … Bosch, the German manufacturer that sells car components including…