Top News:
- Canadian supplier Linamar at center of Trump-NAFTA clash – Automotive News: Going global has paid off handsomely for Linamar. Enter Donald Trump. The U.S. president’s election is the latest in a string of populist, anti-globalization events. Linamar CEO Linda Hasenfratz is undaunted.
- Oil powerhouse Total predicts a boom in EV sales – Automotive News: and that’s not just the opinion of carmakers anymore. Total, one of the world’s biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade.
- GM investors will ‘vote with their wallets,’ says Greenlight Capital – Automotive News: Greenlight Capital, which has been pressuring General Motors to restructure its share class, said it believed the automaker’s shareholders will vote in their best financial interests and support the hedge fund’s two-class stock proposal and nominees…
- Tesla Model S loses top rating from Consumer Reports over brake issue – Reuters: Tesla Inc has lost its top safety rating from Consumer Reports, which said the electric carmaker failed to install an emergency braking feature that it promised to owners as standard equipment.
- Tesla Restores Auto-Brakes Amid Consumer Reports Downgrade – Bloomberg: Consumer Reports cut ratings on Tesla Inc. cars, dropping the Model S sedan from its top segment ranking until the Elon Musk-led company restores an automatic braking system. The decline may be short-lived, as Tesla has started to restore the safety…
- BMW M760Li xDrive advert banned by advertising watchdog – Autocar:
- Hyundai’s China Sales Suffer on Rift Over US Missile-Defense System – WSJ: SEOUL-Hyundai Motor Co. revealed the financial fallout from a diplomatic flare-up between Seoul and Beijing over a U.S. missile-defense system,…
- Tesla dinged by Consumer Reports for not implementing safety feature – Automotive News: Tesla vehicles have dropped in Consumer Reports’ ratings because the automaker failed to implement a safety feature that was expected to come…
- Consumer Reports cuts ratings for Tesla over brake software issue – CNBC: Consumer Reports is tired of waiting for Tesla and is sending the maker of electrical vehicles a clear sign of its frustration. The organization, which has…
- Three-cylinder Ford Ecoboost engine will soon lead brand’s sales – Autocar: Fiesta ST’s 1.5 Ecoboost will be used in Mondeos Once Ford’s 1.5-litre Ecoboost has spread through the range, more Ecoboost three-cyclinder engines will be being sold by the brand than any other format
- China consumer backlash cuts Hyundai Motor profit by a fifth – FT: Hyundai Motor is forecasting a gradual recovery in earnings after first-quarter profit dropped by a fifth, dented by a consumer backlash in China and…
- Uber flying taxi cars to take to skies in 2020 – Autocar: The car sharing firm says that an airborne taxi service will eventually be cheaper and safer than running a standard car
- Hyundai Motor flags gradual recovery after Q1 profit fall, but China woes remain – Reuters: Hyundai Motor forecast a gradual earnings recovery after posting a smaller-than-expected 21 percent fall in quarterly profit as sales of higher-margin cars cushioned the impact of a U.S. recall and revenue decline in China.
- Renault Hopes to Double Market Share in Southeast Asia – Bloomberg: Carlos Ghosn, chairman and chief executive officer at Renault, discusses the company’s outlook in Asia and impact from globalization. He speaks with…
- Hyundai Motor Counts on SUV, Genesis Brand to Revive Profits – Bloomberg: Hyundai Motor Co. is counting on a new small SUV and its luxury brand to help it rebound from a third consecutive drop in quarterly profit and…
- South Korea court says Uber violated transport law, latest setback for U.S. firm – Reuters: A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc illegally used private vehicles for commercial purposes, in the latest legal setback for the U.S. firm in Asia’s fourth biggest economy.
- Daimler lifts profit forecast as Mercedes’ sales accelerate – Reuters: * Reiterates U.S. diesel investigations could lead to penalties
- Daimler says diesel probes could result in penalties, recalls – Reuters: Daimler on Wednesday reiterated that recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices could lead to significant penalties and vehicle recalls.
- Daimler Raises Earnings Forecast on Surging Mercedes Profit – Bloomberg: Daimler AG raised its outlook for 2017 on surging profit from the Mercedes-Benz luxury-car unit and improving commercial-vehicle operations.
- Peugeot revenue rises as product offensive bears fruit – Reuters: Revenue advanced to 13.63 billion euros ($14.92 billion) from 13 billion a year earlier, the maker of Peugeot, Citroen and DS cars said on Wednesday …
- Daimler sees currency tailwinds higher than 500 mln eur – Reuters: FRANKFURT, April 26 German car and truck maker Daimler sees currency tailwinds significantly above 500 million euros for this year, Chief Financial …
- BRIEF-Musk converts SolarCity senior notes into shares of Tesla common stock at conversion price of $300/shr -SEC … – Reuters: is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news …
- Uber violated transport law in South Korea, court says, in the latest setback for the US firm – CNBC: A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc illegally used private vehicles for commercial purposes.
- Hyundai Motor first quarter profit slides as China political row, U.S. recall drag – Reuters: South Korea’s Hyundai Motor posted a 21 percent fall in quarterly net profit, dragged down by a U.S. recall and sales declines in China stemming from political tensions.
- Daimler lifts guidance as Mercedes sales gain traction – Reuters: In February, Daimler had said it expected only slight growth in group EBIT, but record sales of Mercedes passenger cars in the first quarter helped the …
- Peugeot first quarter revenue rose 4.9 percent as new models offset forex impact – Reuters: FILE PHOTO: The logo of Peugeot is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017.
- PSA Sees No Turnaround in Chinese Sales Soon Amid Dealer Woes – Bloomberg: It’s adding sport utility vehicles in an effort to revive flagging demand as customers shift from sedans. The drop in its Chinese sales, along with…
- Daimler Q1 profit doubles as Mercedes-Benz sales jump – FT: The Stuttgart-based parent of Mercedes-Benz said revenue in the quarter rose 11 per cent to €38.8bn, thanks to fatter margins and a double-digit rise…
- Hyundai Motor revenues outperform despite fall in China sales – FT: Hyundai Motor reported better than expected revenues and operating profit in the first quarter even as the South Korean automaker saw sales decline…
- BMW Invokes Fear Factor to Rally Troops in Pivot to Electrics – Bloomberg: The audience is composed of BMW AG employees flown in for a combination pep rally/horror film intended to make them afraid-very afraid-about…
- BMW Is Trying to Scare Staff Into Loving Electric Cars – Bloomberg: In the corners, BMW shows off the vehicles it sees as key to its future: a … of its electric initiative moved to a Chinese e-car startup, and top designers…
- Hyundai ordered to recall Sonata sedans – Yonhap: The transport ministry said Wednesday it had notified Hyundai Motor Co. of its decision to have the carmaker recall tens…
- Hyundai goes to Antarctica – Automotive News: In the latest video to top our weekly viral video charts, Hyundai helps finish a 100-year old expedition. “Shackleton’s Return” is filled with over five…
- Thai March auto sales jump 16.7 pct y/y – federation – Reuters: BANGKOK, April 26 Data published by the Federation of Thai Industries (FTI): KEY DATA Thai monthly car and truck sales: Change y/y pct Vehicles …
- Watch how Aston Martin celebrate moving – Autocar:
- Audi A7 and A8 to lead brand’s design and tech revolution – Autocar: The new A7 will be a design template for future Audi models A brace of new upper-tier Audis, both due later this year, will kickstart revolutions in design and technology for the brand
- Flying Car Tech Enters New Phase – Bloomberg: Uber Technologies Inc. hopes to one day operate a network of flying cars. The ride-hailing company laid out some aggressive plans to get closer to its…
- ‘Talking Cars’ Dishes on Mazda CX-5, Jeep Compass, and Honda Clarity FCV – Yahoo: Few vehicles have elicited as much interest from our viewers and readers as the redesigned 2017 Mazda CX-5 small SUV. This Mazda stands out in a…
- Hyundai Will Review TV Ad Featuring Profoundly Irresponsible Driver – Yahoo: Hyundai has decided to give some additional thought to a new ad for the Sonata where the driver gleefully tests the car’s semi-autonomous safety…
- Axing $7500 incentive could disrupt EV market – Detroitnews: As a result, the Model S is now the best-selling large luxury vehicle in … around 2026, according to an analysis by New Energy Finance.
- Long-Range Bull: Driving a 250000-Mile Lamborghini Murcielago – Yahoo: Supercar owners tend to heed the adage of Indiana Jones when it comes to their precious exotics: “It’s not the years, honey-it’s the mileage.” Hence…
- It’s a bird. It’s a plane. It’s a flying car! – Washington Post: Move over George Jetson, Google’s co-founder will be flying his car right by you. A Silicon Valley start-up named Kitty Hawk (in homage to the Wright…
- The age of flying cars is here, Silicon Valley promises – Washington Post: The ride-sharing company Uber set ambitious goals Tuesday to create a … Flying car prototypes that other companies have been rolled out so far,…
- Uber looks to soar with flying taxis by 2020 – Reuters: A future Uber Elevate networks facility is pictured in this handout illustration provided April 25, 2017. Uber/Handout via REUTERS. After upending the …
- Hyundai mobile app exposed cars to high-tech thieves -researchers – Reuters: Hyundai mobile app exposed cars to high-tech thieves – … 8 update to the mobile app for its Blue Link connected car software that …