Top News:
- Electric Cars Seen Cheaper Than Gasoline Models Within a Decade – Bloomberg: Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows. Automakers from Renault SA to Tesla Inc. have long touted the cheaper fuel and running costs of electric cars …
- China LeEco’s sports unit says valued at $3.5 billion after new funding round – Reuters: Chinese tech conglomerate LeEco’s sports unit said it completed a new round of funding that valued it at 24 billion yuan ($3.50 billion) and that its investors will form a new committee to supervise its finances.
- Fiat 500e: Can You Really Drive A Brand New Car For A Total Cost Of $120 A Month? Yes, You Can – Forbes: But I took the plunge because Fiat was offering $49-a-month lease deals on the 500e electric car in California, and OC Fiat had a bunch to choose…
- Ford’s new Europe boss says region is ‘in good shape’ – Automotive News: Under Mulally’s plan, the automaker focused solely on the Ford, selling fringe brands such as Volvo and Jaguar Land Rover. Armstrong oversaw…
- Hyundai holds driverless car race to promote cutting edge technology – Yonhap: The electric, 320km/h self-driving car completed one lap on the French circuit. “Hyundai aims to produce low-priced autonomous vehicles based on a…
- Trump Blasts ‘Very Bad’ German Carmakers Over U.S. Sales – Bloomberg: … for selling too many vehicles in the U.S., contributing to a lopsided German trade … “Look at the millions of cars that they sell in the U.S. Terrible.
- Trump reportedly calls Germans ‘very bad’, threatens to end German car sales – CNBC: U.S. President Donald Trump has reportedly reignited tensions with his EU counterparts in the latest leg of his international tour after calling the Germans “very bad” for their trade surplus with the U.S.
- Renault names new boss for India, Africa and Middle East – Automotive News: Renault named Fabrice Cambolive as head of the automaker’s operations in Africa, the Middle East and India, replacing Bernard Cambier,…
- VW’s clean vehicle push has shortcomings, Calif. says – Automotive News: California regulators say VW’s spending plan on clean vehicle infrastructure has shortcomings and lacks details on how the program, Electrify America, will help disadvantaged communities as well as promote hydrogen fuel cells.
- China’s GSR Nears $1 Billion Deal for Nissan Battery Unit – Bloomberg: GSR Capital, a Chinese private equity firm with backing from the Hubei provincial government, is nearing a deal to acquire control of a Nissan Motor…
- BRIEF-GSR Capital nearing deal to acquire Nissan Motor’s rechargeable battery unit for about $1 bln – Reuters: * GSR Capital nearing deal to acquire control of a Nissan Motor Co. rechargeable battery unit for about $1 billion – , citing sources Source: https://bloom.bg/2r2iJOK Further company coverage:
- Pretty Soon Electric Cars Will Cost Less Than Gasoline – Bloomberg: Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows.
- Hyundai Rotem to supply traction motors for electric bus – Yonhap: Hyundai Rotem, an affiliate of Hyundai Motor Co., said Friday it will fit the automaker’s new electric bus with its in-house…
- California says VW clean car spending plan has shortcomings – Reuters: California regulators said Volkswagen AG’s spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technology.
- China’s GSR Capital Nears $1 Billion Nissan Deal – Bloomberg: GSR Capital is nearing a deal to acquire control of a Nissan rechargeable battery unit for about $1 billion, according to people with knowledge of the…
- Rush for self-driving tech risks dotcom detour – FT: The current enthusiasm in Silicon Valley for start-ups linked to self-driving car technology is being called a new California gold rush. But the flood of…
- What Chevy’s Colorado pickup learned from F1 racing – Detroitnews: Formula One racing shocks trickle down to off-road pickups
- Nissan, NEC tick up on report of battery unit sale to Chinese PE firm – FT: Nissan shares were pushed up on Friday following a report the carmaker was nearing a deal with a Chinese private equity firm to sell its stake in the…
- The Future of Ford Under Jim Hackett – Bloomberg: In order to keep up with the changing market Ford is kicked off the week with a huge change. Mark Fields was ousted as CEO of Ford on Monday.
- Manchester bombing on drivers’ minds at Indy 500 – Reuters: “If I can get a sticker I would like to put it on the car. … in Manchester — the first thing I did was to make sure everyone was okay,” Harvey told .
- Study: Toyota, GM have best chance to gain market share – Detroitnews: Bank of America Merrill Lynch forecast expects Ford market share to stay flat, Fiat Chrysler to drop
- Intel Absolutely A Player To Be Reckoned With In Autonomous Driving – Forbes: … and Germany), and was built with the express purpose of exploring the multitude of requirements pertaining to the future of self-driving vehicles-AI,…
- Report: Ex-Ford CEO Mark Fields could get $57.5M – Freep: Mark Fields, the former CEO of Ford, who was ousted as the company’s stock lost 40% of its value during his tenure, could see a payout of $57.5…
- Billionaire Slim eyeing electric taxi to reduce pollution in Mexico City – Reuters: Giant has partnered with electric vehicle maker Moldex, a unit of Mexican breadmaker Grupo Bimbo (BIMBOA.MX), and four Mexican universities to …
- More Than the Sum of His Parts – New York Times: Ryan Wilcox pulls up in an old pickup truck. It has more dented body panels than not. As the truck’s engine rumbles, the bed of the truck rattles, drawing attention to the bed’s clashing colors with the rest of the truck. The bolts meant to hold the …
- A changing oil market threatens Saudi reform – FT: Even five years ago, Saudi Arabia was in an economically enviable position. A few unsettling trends were unfolding: hybrid and electric cars were…
- Ford’s new CEO makes swift changes, announces new leadership team – Freep: Days after introducing a new CEO, Ford Motor Co. also has a new leadership team. In a news release this morning, CEO Jim Hackett highlighted the…
- New Ford CEO relies on veterans to reboot profits – Reuters: Raj Nair, Ford executive vice-president of global product development, speaks during the North American International Auto Show in Detroit, Michigan …
- Ashok Leyland posts fourth-quarter net profit as vehicle sales grow – Reuters: Ashok Leyland posted a net profit in the fourth quarter against a net loss in the same period last year, as the truck maker sold more medium and heavy commercial vehicles.
- China will continue to relax foreign investment rules for auto industry – Reuters: Car dealers and customers walk at a second-hand car market near a newly-built residential area in Hefei, Anhui province, China January 26, 2013.
- Worker advocacy group report says Tesla’s injury rate higher than average – Reuters: REUTERS/Toby Melville/Files … Worksafe made the analysis after being approached by the United Auto Workers, the Detroit-based union that has …