Top News:
- Tesla’s SolarCity Laid Off Tons of Staff Last Year – Fortune: SolarCity, which was acquired by Tesla at the end of last year, slashed nearly 20% of its staff in 2016 as it sought to preserve cash amid slowing growth in the rooftop solar industry. In a regulatory filing on Wednesday, SolarCity said it had 12,243 …
- Automaker Geely calls on China to relax mapping rules to speed self-drive development – Reuters: REUTERS/Damir Sagolj … Automakers are racing to develop autonomous, self-driving robot cars which many believe will revolutionize the future of …
- ChargePoint expands EV network into Europe following record fundraise – CNBC: Electric vehicle (EV) charging network ChargePoint will expand into Europe after securing $82 million in funding. The funding round announced…
- Geely’s Volvo says sales rise 5.7 pct yr/yr in February – Reuters: Geely-owned Volvo Car Group said on Thursday its sales rose 5.7 percent year-on year in February as growth in Europe and …
- World’s largest electric vehicle charging network is coming to Europe – CNBC: Electric vehicle (EV) charging network ChargePoint has expanded into Europe after securing $82 million in funding.
- Continental CEO eyes new business from Opel-Peugeot deal – Reuters: Opel division would boost its business, its chief executive said. “Opportunities emerge because platforms will be standardized and higher and more …
- Spain ‘well-placed’ in potential Peugeot-Opel deal -econ minister – Reuters: Spain’s carmaking plants were “well-placed” in the takeover talks between PSA Group and General Motors’ European arm, Economy Minister Luis de Guindos said on Thursday after speaking to a senior executive at PSA.
- Continental backs higher sales target on self-driving tech – Automotive News: Germany’s Continental has reinforced expectations for higher sales this year as it says it will benefit from further growth in global auto…
- South Africa’s consumer watchdog to probe Ford after Kuga recall – Reuters: Ford’s Southern Africa President and chief executive Jeff Nemeth in January said the company could confirm 39 incidents of the cars catching fire, …
- Hyundai Motor sales grow 1.5 pct on-year in Feb. – Yonhap: South Korea’s top automaker Hyundai Motor Co. said Thursday its global sales gained 1.5 percent from a year earlier in…
- Facelifted Renault Captur revealed ahead of Geneva debut – Autocar: Europe’s best-selling compact crossover gets design tweaks and more equipment
- Konnichiwa London: Nissan Leaf drives itself on city roads – Guardian: Guided by five radars, four lasers and 12 cameras, a converted electric Nissan Leaf has been following a carefully mapped route around Beckton,…
- Tesla’s China Sales Triple to More Than $1 Billion – Bloomberg: Tesla Inc.’s revenue from China last year tripled to more than $1 billion, indicating better traction in the market Chief Executive Officer Elon Musk has predicted could eventually become the company’s biggest. China accounted for more than 15 percent …
- Musk says Tesla to run contest for homemade commercials – Reuters: Bria, who aspires to be a politician, wrote in the letter that Tesla cars were the “best thing” she had ever seen and that …
- Tata Motors Soars On Jaguar Strength In The US – Barrons: In February, Jaguar retail sales soared 130% from a year ago to 3,484 units, bringing the total sales at Jaguar Land Rover to increase by 16% to 9,231…
- Renault Samsung sales surge 34.3 pct in Feb. – Yonhap: Renault Samsung Motors Co., the South Korean unit of French automaker Renault S.A., said Thursday its global sales…
- Tesla CEO Elon Musk Just Wrote Back to a Fifth Grader with a ‘Great Idea’ – Fortune: Elon Musk, an active Twitter user, has been Tesla’s mouthpiece to the public, informing them about the electric car maker’s upcoming products and plans. On Wednesday, in response to a letter by a fifth grade student, the founder and chief executive of …
- Mazda CX-5 Reflects Same Dogged Nature as Home City Hiroshima After A-Bomb – Forbes: To underscore diminutive Mazda Motor Corp.’s persistent nature, the Hiroshima, Japan-based automaker begins a presentation of the new compact…
- Loudspeakers help EVs make a little noise – Detroitnews: The reason for this about-face is the coming wave of electric cars. … This may come as a disappointment to future EV drivers who could imagine being…
- Lyft Seeking At Least $500 Million in New Funding – WSJ: Lyft has been quietly pitching investors on a new funding round that it hopes will net at least $500 million and a valuation of between $6 billion and $7 billion.
- Why Are Beijing’s Taxi Drivers Freezing? – Bloomberg: Beijing had the best of intentions when it started to promote all-electric taxis in 2011. Not only would the green cars reduce the city’s choking pollution,…
- FORD: Strong truck, luxury sales can’t offset drop in cars – Automotive News: Sales gains in the pickup, utility and luxury segments weren’t enough to save Ford from weak retail and fleet performances on the car side as February sales fell 4 percent.
- Automaker’s new chief prefers life behind the scenes – Nikkei: At the behest of Ghosn, he negotiated in 2016 with then-Mitsubishi Motors Chairman and President Osamu Masuko on a capital tie-up and clinched a…
- Going, going, Ghosn — Nissan ponders life under a new leader – Nikkei: Carlos Ghosn has taken Nissan to the cusp of the “10 million club.” But the ability to adapt to technological changes, rather than rack up huge unit…
- Record-Breaking Sales Continue into February for Mercedes-Benz Canada – Yahoo: Mercedes-Benz Canada and its national dealer network are pleased to announce that the company achieved its…
- Honda Brand Outpaces Industry in February – Yahoo: The Honda Automobile Division reported February sales of 10,409 units, up 22% over last year, outpacing the competition for the month. The Acura…
- Auto sales fall 1.1% in Feb. on slow car demand – Detroitnews: In 2010, 53 percent of the company’s sales were passenger cars. “All the competition is seeing it. It’s an industry phenomenon.” GM said car sales slid…
- UK car CO2 emissions hit all-time low – Autocar: Emissions of CO2 drop to their lowest level yet, but industry experts warn that diesel’s damaged image could hinder progress
- Trial, bond hearing dates set for VW emissions scandal executive in U.S – Reuters: A federal judge on Wednesday set for April 18 in Detroit the trial of a former Volkswagen AG U.S.-based executive charged with crimes related to the company’s massive diesel emissions scandal, but the defence indicated it may seek a postponement.
- Subaru’s ‘Spiritual’ Message Drives US Sales – Bloomberg: With almost all carmakers heaping on the discounts to keep the U.S. auto … Subaru’s U.S. sales rose 8.3 percent to 45,500 vehicles in February,…
- Fiat Chrysler (FCAU) Charged for Excess Diesel Emission – Yahoo: Fiat Chrysler Automobiles N.V. FCAU stated that it has been charged by U.S. federal and state authorities, including the Securities and Exchange…
- HYUNDAI-KIA: Weak car demand dents February volume – Automotive News: Sales fell on most Hyundai models, with the midsize Sonata down 16 percent to 14,618 and the subcompact Accent down 32 percent to 3,352. Bigger…
- Mercedes-Benz Adds to US Luxury Sales Lead With Higher Prices – Bloomberg: Daimler AG rolled through another month with the top-selling luxury auto brand in the U.S. And in addition to drawing more customers, Mercedes-Benz…
- TOYOTA: Light trucks can’t overcome car slump – Automotive News: Sales at the Toyota brand slid 4.4 percent last month compared with February 2016 while Lexus dropped 21 percent. Overall, Toyota Motor’s sales…
- HONDA: Crossovers set pace in march to February record – Automotive News: American Honda light-truck sales also set a February record, rising 12 percent on sales of 63,989, countering a 6.9 percent decline in car volume.
- Hyundai, Kia see US sales drop nearly 7 percent in Feb. – Yonhap: Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States drop…
- Mazda Canada reports sales for February 2017 – Yahoo: Mazda Canada Inc. (MCI) today reported February sales of 4,533 vehicles, representing an increase of…
- Made-in-Canada Toyota Corolla back in the spotlight, sets new monthly sales record – Yahoo: After several months of soaring Toyota truck and SUV sales commanding the lion’s share of the attention, Toyota’s…
- Cobalt prices soar as investors see demand for lithium-ion batteries – Automotive News: Investors are running up the prices for cobalt, an important element that automakers and suppliers use in lithium ion batteries as they prepare for an increase in electric vehicle production.
- NISSAN: Rogue becoming face of the brand – Automotive News: Nissan North America, including Infiniti, posted a 3.7 percent increase for February, with sales of 135,740 cars and trucks. Infiniti also scored record…
- Ford, Fiat-Chrysler report higher February sales in Canada – Reuters: TORONTO, March 1 Ford Motor Co and Fiat Chrysler Automobiles on Wednesday reported higher Canadian sales for February, with truck sales a …
- Jaguar Land Rover Seeks ‘Fair’ Support for Carmakers After Brexit – Bloomberg: s calls for extra funding for car-parts makers in the wake of last year’s Brexit vote, while cautioning that there must be “fair play” for all U.K. automakers.
- Unite blames Brexit as Ford prepares to cut 1160 Welsh jobs – Guardian: McCluskey, the Unite general secretary, also demanded that Ford provide “legally binding guarantees” of future production at the plant, saying that…
- FCA: Sales fall 10% despite Ram boost – Automotive News: Fiat Chrysler extended its losing streak to six consecutive months in February, falling 10 percent with only Ram brand pulling out a small sales gain in…
- Ford plans to cut more than 1100 jobs at UK’s Bridgend plant – FT: Ford also expects to reduce the Bridgend site’s workforce in 2018, after the introduction of a new engine that it will make in lower volumes. Rather than…
- Chevy Silverado Narrows Ford F-Series Lead in February Pickup Sales – Yahoo: Ford Motor Co. (NYSE:F) sold 65,956 F-Series pickups in February, topping sales of General Motors Co.’s (GM) Chevy Silverado by 15,452 units.
- Ford Seeks UK Cost Cuts as Brexit Weighs on Europe Outlook – Bloomberg: Ford Motor Co. has initiated labor talks to cut costs at a U.K. engine plant where more than 1,100 jobs are at risk, as the carmaker grapples with the…
- Annual General Meeting of AB Volvo – Yahoo: AB Volvo’s Annual General Meeting will take place on Tuesday, April 4, 2017 at 3.00 p.m. at…
- Range Rover Velar Targets Audi Q7 and BMW X5 With Road-Car Manners – Bloomberg: The Velar will compete with SUVs including BMW’s X5 and the Q7 from Volkswagen AG’s Audi arm, the CEO said. While he declined to comment on…
- GM, Nissan Beating US Sales Estimates Tempers Inventory Angst – Bloomberg: Note vehicles on display at a company showroom in Yokohama, Japan, on Feb … The 22-member Americas Auto Parts & Equipment Index…
- UK union fears for jobs at Ford’s Welsh engine plant – Reuters: A spokesman at Ford told that the firm, which made around one … additional reporting by Andreas Cremer in Berlin; editing by Keith Weir) …
- Carlos Slim Is $16 Billion Poorer But a Whole Lot More Popular – Bloomberg: An auto company controlled by Slim has been working on a Mexican-made electric car in a partnership with bread giant Bimbo. He’s also slated to…
- Toyota trims executive positions, aims for quicker decision-making – Reuters: A Toyota logo is seen on media day at the Mondial de l’Automobile, the Paris auto show, in Paris, France, September 29, 2016. REUTERS/Jacky …
- Mixed signals for Brexit-bound UK economy: factories grow, consumers cautious – Reuters: Workers assemble cars at the plant for the Mini range of cars in Cowley, near Oxford, Britain June 20, 2016. REUTERS/Leon Neal/Pool. By David …
- In Video, Uber CEO Argues With Driver Over Falling Fares – Bloomberg: In December, Uber pulled its self-driving cars off the road in San Francisco after the California Department of Motor Vehicles said they were operating…