Top News:
- Ford plans to launch Ranger pickup truck in China in 2018 – Reuters: Ford Motor Co plans to launch its mid-size Ranger pickup truck in China in 2018, hoping to draw more Chinese consumers, who generally prefer sport-utility vehicles (SUVs), towards a new segment of cars.
- Softbank-backed Ola ramps up electric vehicles push in India – Yahoo: NEW DELHI () – Indian ride-hailing firm Ola, backed by Japan’s Softbank Group, is preparing for a large-scale rollout of electric vehicles by next year even as it runs trials on the viability of the business model, Chief Executive Bhavish …
- Ford to sell Ranger pickup in China – Automotive News: Ford plans to launch the midsize Ranger pickup truck in China in 2018, hoping to draw more Chinese consumers, who generally prefer crossovers and SUVs, toward a different market segment.
- Wall Street hands automakers another problem, in the loan market – Automotive News: With both bad loans and interest rates rising, lenders are becoming more selective in doling out credit for new-vehicle purchases, adding to the pressure for automakers already facing sliding U.S. sales, swelling inventories and a used-car glut.
- Mitsubishi COO Mann looks to reduce reliance on SUVs in Europe – Automotive News: Carlos Ghosn’s first steps after Nissan took a controlling stake in scandal-hit Mitsubishi Motors last October were to install himself as chairman and to…
- Wall Street Is Making It Harder to Buy a Car – Bloomberg: With both bad loans and interest rates on the rise, financial institutions are becoming more selective in doling out credit for new-car purchases, adding…
- Self-driving cars will only work when we accept autonomy is a myth – Guardian: While car companies trumpet their autonomy, they are less forthcoming about their connectivity. It is far easier to engineer cars to speak to each other…
- Even Amid Trade Tensions, Ford Pushes Pickup Trucks in China – New York Times: A Ford pickup truck was among the models on display at a media event ahead of the Beijing International Automotive Exhibition last year. Detroit’s…
- Renault welcomes EV competition; sees ‘tipping point’ with longer range newcomers – Automotive News: Renault, a pioneer of electric cars, says mainstream acceptance of EVs is reaching a tipping point and it welcomes increasing competition as…
- GM China vehicle sales fall in Q1 as tax cut rolled back – Reuters: U.S. automaker General Motors Co said on Friday its first quarter sales in China fell 5.2 percent compared to the same period a year ago due to a shift in the government’s tax policy and Lunar New Year fluctuations.
- Hyundai and Kia Are Planning Major Recalls in the US and South Korea – Fortune: Hyundai (hymtf) and Kia (kimtf) are expected to recall more than a million vehicles in South Korea and the United States due to engine issues, the…
- China Has Smarter Places to Park Money – Bloomberg: But those steering away from their traditional targets in the hope of infrastructure-like returns from car spaces should be wary. With fewer car parks…
- BRIEF-GM says March China vehicle sales +16 pct y/y – Reuters: * March China vehicle sales total 345,448, +16 percent y/y, vs +0.4 pct y/y in Feb
- Indian state-run companies mull daily fuel price change – report – Reuters: India’s state-run oil marketing companies, which control over 90 percent of the retail fuel market in the country, are mulling a plan that would allow daily changes in the price of automotive fuels, Economic Times reported on Friday.
- Hyundai captures the future with fuel cell hydrogen car – Guardian: Hyundai plans to launch a new fuel cell hydrogen Sport-Utility Vehicle (SUV) next year, and it seems set to get a driving range well ahead of its rivals…
- Uber is about to fire back in the legal drama that’s gripped Silicon Valley – Yahoo: Uber is expected to argue that the 14,000 files that were allegedly downloaded by Anthony Levandowski, the head of its self-driving car unit, never…
- Hyundai Speeds Up China-Only SUV Amid Squeeze From Beijing-Seoul Spat – Bloomberg: Hyundai Motor Co. and its Chinese partner plan to speed up the introduction of a China-only SUV model to draw in buyers after South Korea’s…
- Should Investors Chase Tesla’s Shares? – Forbes: Shares of Tesla are certainly riding high, hitting fresh record levels as it surpassed Ford Motor’s total market value of $45.19 billion – and not far from…
- 212 Tesla Owners Can’t Be Wrong: How Tesla Can Be Worth More Than Ford – Forbes: On Monday, the market valued Tesla at $47 billion making it for the first time worth more than Ford ($45 billion). With Ford being so much bigger than…
- Amazon Finds There’s Nothing Foolish in Fuel Cells – Bloomberg: The explanation, of course, is to shorten the recharge time. A hydrogen-powered car such as a Toyota Mirai can be refueled in about five minutes,…
- Tesla Has Something Hotter Than Cars to Sell: Its Story – New York Times: Elon Musk, Tesla’s founder and chief executive, entering Trump Tower for a meeting with President-elect Donald J. Trump in early January. … last year, but is within easy striking distance of General Motors, which earned $9.4 billion.
- GM Joins Ford Worrying About Declining Used-Car Prices – Bloomberg: Ford touched off concerns about declining used car prices late last year, when the automaker cut its lending unit’s profit forecast by $300 million.
- Ford to expand EV offerings in China – Detroitnews: Ford Motor Co. plans to introduce two electric vehicles in China, with the first coming to market next year. The automaker announced Thursday it plans…
- SAIC Motor profit rises, but sales gain trails market growth – Nikkei: SAIC Motor enjoyed growth in both net and operating profit for 2016, but the Chinese state-owned automaker’s increase in unit sales fell…
- Toyota Shines Spotlight on Female Pioneers at 8th Annual Women in the World Summit – Yahoo: Each year, Toyota collaborates with the Tina Brown Live Media editorial team to identify three women who effect change throughout the world and…
- BYD in talks with Chilean lithium producers – FT: BYD, the Chinese electric car and bus company part-owned by Warren Buffett, is talking to lithium producers in Chile about potential deals to secure…
- Peugeot’s US return to be led by former Nissan exec Dominique – Automotive News: the maker of Peugeots and Citroens — is taking its first significant step to re-enter the U.S. market by naming former TrueCar…
- Jeep, Nissan, Fiat, Infiniti among brands skipping Frankfurt auto show – Automotive News: One of the world’s biggest auto shows in Frankfurt, Germany, will be missing at least nine brands this year as the trend for automakers…