Top News:
- UK union to seek assurances over jobs, plants from PSA chief on Friday – Reuters: The head of Britain’s biggest trade union Unite said on Tuesday he will seek assurances from the chief executive of PSA Carlos Tavares that it will maintain jobs and keep plants in Britain open during a meeting on Friday.
- Aston Martin Vantage Red Bull Racing Editions launched – Autocar:
- PSA, Geely Submit Bids for Stake in Malaysia’s Proton – Bloomberg: France’s PSA Group and China’s Zhejiang Geely Holding Group Co. have submitted bids to buy a stake in money-losing Malaysian automaker Proton…
- High-performance supercharged Toyota Yaris GRMN revealed – Autocar: Toyota has revealed the upcoming high-performance variant of the Yaris will be powered by a 1.8-litre supercharged engine with more than 205bhp
- Tata Sons’ new chairman to focus on shareholder returns, capital allocation – Reuters: Tata Sons, the holding company of the $100-billion Tata group, will focus on boosting shareholder returns and tightening capital allocation rules, newly-appointed chairman Natarajan Chandrasekaran said in a statement on Tuesday.
- PSA says will honour existing Opel labour agreements – Reuters: PSA Group will respect existing Opel and Vauxhall labour agreements if it buys the European arm of General Motors , PSA and Opel workers’ representatives said in a joint statement on Tuesday.
- Honda Opens Its Doors – Forbes: Honda Motor Co.’s future is quietly being forged in a secretive lab in Mountain View, California. From this 35,000-square-foot taupe-colored office park…
- JPMorgan’s Stubbs Sees Job Concerns in GM’s Opel Deal – Bloomberg: In today’s “Morning Must Read,” ‘s Francine Lacqua highlights comments from View columnist Leonid Bershidsky on General…
- PSA willing to cooperate with Opel labor chiefs – Reuters: A Peugeot car drives past the logos of French car maker Peugeot and German car maker Opel at a dealership in Villepinte, near Paris, France, …
- PSA says Opel acquisition would honour all existing union deals – Reuters: PSA Group will honour existing agreements and job guarantees in place at all Opel sites if its proposed acquisition of General Motors’ European division goes through, the French carmaker said on Tuesday after talks with German unions.
- Russia announces recall of 135491 Honda and Acura cars – Reuters: REUTERS/Brendan McDermid/File Photo … Rosstandart, said the local retailer of Honda and Acura cars had informed it of the recall of up to 135,491 …
- 600bhp Mercedes-AMG GT4 saloon to make debut at Geneva – Autocar: Mercedes-AMG performance division is set to kick off its 50th anniversary celebrations at the Geneva motor show in early March with the unveiling of a…
- Fitch Affirms AO Toyota Bank’s Bond at ‘A-‘ – Reuters: TOKYO, Feb 17 Japan’s Toshiba, scrambling to fill the balance sheet hole left by a $6.3 billion hit to its nuclear operations, is also on the hook to pay …
- The Next Financial Crisis Might Be in Your Driveway – Bloomberg: The country’s auto debt hit a record in the fourth quarter of 2016, according to the Federal Reserve Bank of New York, when a rush of year-end car…
- Tesla and Wall Street Have Never Been Further Apart – Bloomberg: The most anticipated-the Model 3 electric car-is to be accompanied in 2017 by the unveiling of an electric semi-trailer truck, autonomous driving capabilities, and a ride-hailing network. Throw in the Powerwall and solar shingle, and you’ve got the …
- Chinese Tesla Wannabe Pushes Ahead on SUV Despite Government Jam – Bloomberg: Future Mobility Corp., the Chinese electric-car maker founded by former BMW AG and Nissan Motor Co. executives, is sticking to a plan to sell its first…
- VW Exec Accused of Telling ‘Blatant Lies’ Over the Emissions Scandal – Fortune: German carmaker Volkswagen has fixed 470,000 cars out of 1.2 million affected by the diesel emissions scandal in Britain, the firm’s U.K. managing…
- Hyundai Motor and affiliates withdraw membership from FKI – Yonhap: Top South Korean automaker Hyundai Motor Co. and all its affiliates officially announced their withdrawal of membership…
- Honda builds self-balancing motorcycle prototype – Nikkei: Symbolizing the rapid advances in motorcycle technology, Honda Motor has developed a self-balancing system that is expected to pave the…
- US EV Firm Detroit Electric Signs Deal To Manufacture Electric SUVs In China – Forbes: The new company is called (translated from Chinese) Emperor Electric Car Co., Ltd. Total investment is $1.8 billion. Registered capital is $600 million,…
- How Trump Makes China’s Car Makers Great – Barrons: Hong Kong) has soared 42.5% and Great Wall Motor (2333.Hong Kong) has advanced 33.8%. By comparison, General Motors (GM) has gained only…
- Uber hires ex-U.S. Attorney General Holder to probe sexual harassment – Reuters: Uber Technologies Inc has hired former U.S. Attorney General Eric Holder to conduct a review of sexual harassment claims at the ride-hailing service made by a former employee.
- Comment: Why ceasing UK production can damage a brand’s market share – Autocar: With the likes of Ford and Peugeot having no UK production plants, what effect does this have on UK market share?
- Atlanta joins cities competing for robot car test track – Detroitnews: Driverless cars could be part of a broader effort to rebuild the nation’s infrastructure
- Volkswagen boss says company ‘misled nobody’ over emissions rigging scandal – Guardian: MPs have reacted with incredulity after the boss of Volkswagen told them the carmaker in Europe had done nothing wrong and misled nobody, despite…
- Toyota Bets on Hydrogen Cars, Shell to Build Fuel Stops – Bloomberg: Royal Dutch Shell will build seven fueling stations for hydrogen cars in California through a partnership with Toyota, laying down their latest bet on the…
- Uber CEO Kalanick says former AG Holder to lead review on harassment allegations – CNBC: Uber’s CEO has sent a company-wide email responding to a blog written by a former employee alleging workplace sexual harassment.
- Lotus on the Block Again? Geely’s Sniffing Around. – Detroit Bureau: However, in negotiations, Geely expressed more interest in acquiring just Lotus rather than the whole of Proton. Geely already owns Volvo, which it…
- Shell and Toyota Partner on California Fueling Stations for Hydrogen Cars – Bloomberg: The complexities of producing, storing and delivering the fuel necessitates “the support of governments and of car companies like Toyota to make it…
- Opel jobs: UK union worries but not Germany – Reuters: There is growing concern over the future of GM’s British Vauxhall plants following reports Peugeot has pledged to continue operating all four of GM’s …
- Government vows to do all it can to protect jobs at Vauxhall’s UK plants – Guardian: … presses ahead with talks to buy General Motors’ European business, which … It is absolutely vital that GM and Peugeot understand that the UK…
- UK union fears grow over future of GM’s Vauxhall plants – source – Reuters: The head of Britain’s biggest trade union is likely to meet the CEO of PSA Group on Friday amid growing concerns over the future of Vauxhall plants if the French carmaker buys the business from General Motors, a union source told .