Top News:
- Chinese Search Giant Baidu Invests in Green Car Startup NextEV – Fortune: Baidu said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as competition heats up in the fast-growing electric vehicles market. Baidu (bidu) is expanding into …
- BMW CEO Krueger to join Germany’s Merkel in meeting with Trump – Automotive News: BMW CEO Harald Krueger and two other German CEOs are expected to join Chancellor Angela Merkel today in her meeting with President Trump amid rising tensions on trade issues.
- Tesla Just Opened Its First South Korea Stores And There’s Already A 6-Month Waiting List – Forbes: South Koreans are so hyped about Tesla’s entry into the country with two brand new showrooms this week that the waiting list to test drive a car is already six months long. The air was filled with excitement and that new car smell on Friday at the U.S …
- Updated Lotus Elise launched with new lightweight Sprint edition – Autocar: 2017 sports car uses more carbonfibre to trim dry weight to 798kg; on sale in April priced from £32,300
- VW sales dip as demand weakens in western Europe, China – Detroitnews: Volkswagen says its global deliveries were down 0.9 percent in February compared with a year earlier
- Audi CEO’s polished exterior shows cracks amid diesel scandal – Automotive News: There are few German top managers as practiced as Audi CEO Rupert … to his role in the lead up to Volkswagen Group’s diesel-emissions scandal. … Audi’s 8.2 percent operating margin fell beneath that of budget brand Skoda.
- Exclusive: China’s LeEco, Tesla wannabe, to sell Silicon Valley site amid cash crunch – sources – Reuters: LeEco, one of China’s most ambitious companies that grew from a Netflix-like video website to a business empire spanning consumer electronics to cars within 13 years, is struggling to support its goals that include beating Elon Musk’s Tesla Motors in …
- Baidu leads investment into green car start-up NextEV – Reuters: Baidu Inc said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as competition heats up in the fast-growing electric vehicles market.
- Volkswagen’s Rough Patch Spells Opportunity for Investors – WSJ: Investors don’t expect much of Volkswagen, but that is precisely why the problem-laden German car maker should make a decent investment. VW this…
- The road ahead: self-driving cars on the brink of a revolution in California – Guardian: Autonomous vehicles are already a common sight on the streets of Silicon Valley, an international hub for self-driving technology. But this month…
- As sales tumble, Audi defends plan for second JV in China – Automotive News: Volkswagen Group’s premium brand is holding exploratory talks with VW group’s southern JV partner SAIC to build and sell Audi vehicles via…
- Uber Kenya hikes fare by 20 percent after driver strikes – Reuters: The Kenyan unit of U.S. ride-hailing firm Uber Technologies Inc has increased its fare by 20 percent, a move that follows protests and strikes by Uber drivers who said a lower fare made their service uneconomical.
- Tesla’s $169 Million Battery Play Is Just the Beginning – Bloomberg: Tesla is ready to power some grids. And not just in California or Australia. Last week, Elon Musk wagered he could address South Australia’s energy…
- Baidu invests in Chinese electric carmaker NextEV – FT: NextEV has emerged as one of the flashier players in China’s highly fragmented electric car industry. Last October, NextEV opened its US…
- This government loan program helped Tesla at a critical time. Trump wants to cut it. – Washington Post: In 2008, Tesla planned to make a costly shift from building sports cars to more family-friendly sedans, just as the recession began. At the time, the…
- All-new Jaguar I-Pace rumbles into the streets – Guardian: Jaguar Land Rover has pushed its iconic I-Pace into the streets for the first time after it was showcased in two auto shows. Showcasing the capability…
- Howes: Still no takers in Marchionne push to peddle FCA – Detroitnews: The global auto industry’s would-be buyers – from General Motors Co. to Volkswagen – are not inclined to cooperate
