Top News:
- Chinese tech giant Tencent takes 5 percent stake in Tesla – Reuters: Tesla Inc said on Tuesday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the electric carmaker for a 5 percent stake.
- Hertz Shares Bear Brunt of ‘Freak Out’ Over Used-Car Price Drop – Bloomberg: As investor panic spreads about the plunging prices of used cars in the U.S., one company and its high-profile top investor are enduring the biggest…
- Tesla Employee Says He Suffered ‘Nightmare’ Harassment and Discrimination by Co-workers – Fortune: DeWitt Lambert, who is black, accused Tesla of failing to take action after he was “subjected to racial slurs and lewd behavior” by colleagues while he worked on the assembly line at Tesla’s factory in Fremont, Calif. “They would call him the N-word …
- SoftBank Talks to China’s Uber Rival Didi About $6 Billion Investment – WSJ: SoftBank has approached China’s Didi Chuxing about investing roughly $6 billion to help the ride-hailing firm expand in self-driving car technologies.
- Uber to end services in Denmark after less than three years – Reuters: Ride-hailing group Uber Technologies will withdraw services in Denmark next month due to a taxi law that sets out new requirements for drivers such as mandatory fare meters, the company said on Tuesday.
- Volvo says lab fire won’t affect production – Automotive News: A fire broke out on Tuesday in a building housing an auto battery laboratory at Volvo’s plant in Sweden.
- Tesla Wins Tencent Backing as Tech Giant Buys $1.8 Billion Stake – Bloomberg: Chinese Internet giant Tencent Holdings Ltd. purchased a 5 percent stake in Tesla Inc. as the electric-car maker run by Elon Musk races to bring its critical Model 3 sedan to market later this year. Shenzhen-based Tencent paid about $1.8 billion for 8 …
- Trump: Ford to announce investments in three Michigan plants – Reuters: U.S. President Donald Trump touted Ford Motor Co’s expected announcement on Tuesday about investments and jobs at its U.S. plants, saying the automaker would make a major investment in three Michigan facilities.
- New UK car tax rates to send annual motoring costs skywards – Autocar: Lexus GS300h: set to be hit by a 2475% tax increase over three years When new rates come into force this weekend, some vehicles will be hit with rates 25 times higher than before
- Ford to announce investments in 3 Mich. plants, report says – Automotive News: Ford is expected Tuesday to announce investments in three Michigan manufacturing plants.
- Hyundai, Toyota Lead in Hydrogen Innovation — But Is Anyone Following? – Yahoo: “A few automakers led by Toyota are putting their money where their mouth is, but the rest of the value chain lags behind by orders of magnitude,” said…
- Uber wants fight with Waymo out of public view – Automotive News: Uber says Alphabet’s own ground rules require accusations that the ride-hailing giant stole trade secrets for autonomous cars be resolved in private arbitration and not a public court.
- BRIEF-Tencent Holdings Ltd reports 5 pct passive stake in Tesla Inc – Reuters: * Tencent Holdings Ltd reports 5 percent passive stake in Tesla Inc as on March 24, 2017 Source text:(
- Tesla Model 3 Production Lower, Price Higher (A Lot): Morgan Stanley Analyst – Forbes: Tesla will make a fraction of the company’s published initial Model 3 production targets. And that $35,000 starting price? Not realistic. That’s according to Morgan Stanley analyst Adam Jonas speaking to on Monday. In a video posted…
- Trump touts expected Ford announcement on plant investments – Reuters: U.S. President Donald Trump greets Ford Motor Company CEO Mark Fields as he hosts a meeting with U.S. auto industry CEOs at the White House in …
- Elon Musk wants to connect brains to computers with new company – Guardian: Tesla and SpaceX founder Elon Musk is launching a new company called Neuralink with the intention of connecting computers directly to human brains, according to a report. The reported that the billionaire entrepreneur, whose other…
- 2018 Nissan Leaf spotted for the first time – Autocar: The new Leaf adopts a Micra-like face at the front, replacing the old car’s ageing styling. Radical change is in store for the styling of Nissan’s EV, which could get a range of up to 340 miles and autonomous tech
- Three Big Winners at SXSW Music – Forbes: While Hype Machine took a year off from SXSW and their very well-produced “Mazda & Hype Machine’s Hype Hotel” venue, Mazda wasn’t about to sit…
- BRIEF-American Honda Finance’s unit amends c$1.6 bln second amended, restated credit agreement – Reuters: on March 23 co’s unit amended its c$1.6 billion second amended, restated credit agreement dated March 24, 2014 – sec filing Source text for Eikon: Further company coverage:
- Geely’s Volvo says laboratory on fire, production unaffected – Reuters: … This is the second fire at Volvo Car’s Gothenburg plant in less than two months. In early …
- Uber to end services in Denmark: media – Reuters: Ride-hailing group Uber Technologies [UBER.UL] will discontinue its services in Denmark due to the country’s new taxi law, it said at a press conference in Copenhagen on Tuesday, according to local broadcaster TV2 News.
- Audi speeds up SUV surge – Automotive News: Next year Audi will launch its Q8 flagship SUV, which will be based on the concept shown at the Detroit auto show in January. Audi debuted a new…
- History of the Chinese copycat car: picture gallery – Autocar: The Landwind X7 caused quite a stir at JLR… The Chinese motor industry is fond of a copycat car or two, so take a look through our selection of the most outrageous examples that we could find
- London black cab company will build electric vans in UK – Automotive News: … will promote its electric vans as a clean alternative to diesel-powered commercial vehicles…
- Elon Musk is founding another company – CNBC: In addition to his responsibilities running Tesla and SpaceX, Musk has taken a keen interest in artificial intelligence, which he has at times characterized as a potential threat to the survival of the human species. To that end, he is one of the …
- Chinese Bike-Share Service Vows to Stop Child Riders After Death – Bloomberg: The rise of private cars has contributed to a steep decline in bicycle usage … Bike paths are often clogged with parked vehicles, scooters and small…
- Hyundai adopts more safety features to woo customers – Yonhap: South Korea’s top carmaker Hyundai Motor Co. said Tuesday it has added more active safety features to its latest…
- Indonesia car sales rise 7.5 pct y/y in February – Reuters: JAKARTA, March 28 Car sales in Indonesia rose 7.5 percent in February from a year earlier, data released by the automotive industry association …
- Lithium next German power play? – Automotive News: BMW, Daimler and Volkswagen came together to acquire Nokia’s HERE high-definition mapping unit in 2015, and they combined efforts when…
- China ride sharing giant Didi mulls $6 billion SoftBank-backed investment – Reuters: Chinese ride sharing firm Didi Chuxing is considering a $6 billion investment backed by Japan’s SoftBank Group Corp, as it looks to take on global rivals such as Uber Technologies Inc, reported on Tuesday citing sources familiar with the matter.
- Elon Musk’s new co could allow uploading, downloading thoughts – WSJ – Reuters: Tesla Inc founder and Chief Executive Elon Musk has launched a company called Neuralink Corp through which computers could merge with human brains, the reported, citing people familiar with the matter.
- Didi Said to Be Weighing $6 Billion SoftBank-Backed Funding – Bloomberg: The company is currently coping with stringent regulations limiting the number of private cars and drivers it operates, a regulatory uncertainty that may…
- Auto Analyst Adam Jonas Backs His Bullish View on Tesla – Bloomberg: Adam Jonas, Morgan Stanley’s global head of auto research, discusses Tesla’s plan to ramp up production of the Model 3. He speaks with…
- Ford defeats inventor’s patent case over F-150 engines – Reuters: A federal appeals court has ruled against an inventor who says Ford Motor Co infringed on his patented fuel injection technology in its F-150 pickup …
- 3 Questions For Those With Firsthand Experience Owning A Tesla – Forbes: When I ran Firsthand Funds, the secret to our success was putting the right questions to the right people — those with firsthand experience. Gorden…