Top News:
- Here’s How Much Tesla’s Solar Roof Will Really Cost You – Forbes: reported in November, Musk, the largest shareholder in Tesla and SolarCity, gained final approval from shareholders to…
- Israel car cyber firm Karamba raises money from Paladin, Liberty Mutual – Reuters: Israeli startup Karamba Security, a provider of cybersecurity for connected and self-driving cars, said on Tuesday it raised $12 million, attracting first-time investment in Israel from Washington-based cyber-focused Paladin Capital.
- 670bhp Elextra EV under development as Porsche Mission E rival – Autocar: New Swiss model will have dual-motor set-up and is claimed to be capable of 0-62mph in less than 2.3sec
- Ford to cut its Asian and North American workforces by 10% – Autocar: Amid a latest set of money worries, Ford has drawn up plans to cut costs on its workforces in North America and Asia
- Delphi joins BMW-led consortium to develop self-driving car – FT: “With the onboarding of Delphi we significantly strengthen our development of the automated driving and do a future step in spreading this technology…
- Glencore Says Electric Car Boom Is Coming Faster Than Expected – Bloomberg: Glencore Plc Chief Executive Officer Ivan Glasenberg said the rise of electric cars will significantly boost demand for minerals including copper and…
- BRIEF-Boston Scientific announces positive results from the Reprise III clinical trial – Reuters: * The Boston Scientific LOTUS™ valve system demonstrated superior efficacy to Corevalve® in global reprise III trial at one year
- Waymo’s Next Challenge: Making Driverless Passengers Feel Safe – Bloomberg: Google vehicles have been involved in several fender benders, and a Tesla … In a mockup viewed by , a special dashboard displayed nearby cars, … And when the vehicle yields to make a turn at a green light, the words…
- Elon Musk’s SpaceX launches its heaviest satellite yet but didn’t try to recover the Falcon 9 rocket – CNBC: SpaceX’s Falcon 9 rocket did not pull off the signature re-landing because of the weight of the payload.
- Uber CEO Kalanick’s big, bold and false claim about Lyft – CNBC: Uber CEO Travis Kalanick has said it’s ‘beaten’ Lyft. Don’t trust him.
- Renault Trafic Spaceclass makes its debut at Cannes Film Festival – Autocar: Renault pegs the Spaceclass as a higher-end alternative to French rivals like the Citroën Spacetourer and Peugeot Traveller, with equipment such as…
- SolarCity Founder and Former CEO Lyndon Rive Is Leaving Tesla – Fortune: SolarCity founder Lyndon Rive, who steered the dramatic growth of the biggest U.S. residential solar company before driving its sale to Tesla, is leaving the electric vehicle maker in June, he said on Monday. In an interview, the former SolarCity chief …
- 2018 BMW M5 due in three months as most advanced M car yet – Autocar: The next-generation BMW M5 will be revealed this August with a variable all-wheel drive system and an uprated V8 engine… BMW’s new M5 super-saloon has been spotted testing again ahead of its August reveal; it’ll do battle with the 2017 Mercedes-AMG E 63
- BMW becomes China’s No. 1 luxury brand with April surge – Automotive News: To maintain rapid sales growth, BMW plans to double production capacity in China to 600,000 light vehicles over the next five years, the German…
- Tesla, SpaceX, AI, Mars and more: Is Elon Musk spread too thin? – CBS News: Just recently, his electric automaker, Tesla (TSLA), became the largest U.S. car company by stock market valuation, surpassing General Motors (GM).
- Hyundai Whistle-Blower, in Rarity for South Korea, Prompts Recall – New York Times: Kim Gwang-ho, an automotive engineer, in Yongin, South Korea, last month. Mr. Kim was the source of internal Hyundai documents that prompted the…
- Europe car sales drop 6.8 percent in April on VW, British slump: ACEA – Reuters: DE) cars, fewer trading days during Easter, and thanks to a double-digit sales drop in Britain, industry figures published on Tuesday showed.
- BRIEF-Guangzhou Auto board approves JV’s project, unit’s logistics centre and car park project – Reuters: BRIEF-Guangzhou Auto board approves JV’s project, unit’s logistics centre and car … is the news and media division of Thomson .
- Germany likely to miss electric cars target, Merkel says – Automotive News: Chancellor Angela Merkel said Germany will likely miss the government’s target of bringing 1 million electric cars onto the roads by the end…
- Uber Must Return Stolen Waymo Files But Can Still Work on Self-Driving Car, Judge Says – Fortune: He had until last month run Uber ‘s self-driving car division, before stepping aside from those responsibilities pending the court case. … engineer” downloaded the documents from Waymo ‘s computers before leaving the company.
- BRIEF-Fiat Chrysler says it sold 89300 vehicles in April – Reuters: AMSTERDAM, May 16 Blokker Holding BV, the operator of several Dutch chain stores, would close around 100 stores, sell its toy and speciality chains …
- Europe Car Sales Suffer Biggest Drop Since 2013 as U.K. Tumbles – Bloomberg: European car sales fell the most in four years in April as the shift of Easter from March reduced buyers’ time for shopping, while registrations in the U.K….
- Absent from America, French cars drive into Iran election – Reuters: French carmakers PSA and Renault are turning their U.S. absence into an Iranian advantage by piling into a resurgent market still off-limits to foreign rivals fearful of sanctions under Donald Trump’s administration.
- Mitsubishi Jakarta factory to strive for Ghosn targets – Nikkei: Mitsubishi Motors is reinforcing production centers in Southeast Asia as part of its attempts to recover from last year’s gas mileage…
- Ford to cut North America, Asia salaried workers by 10 percent – source – Reuters: Ford Motor Co plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told on Monday.
- Skoda Karoq to be fully revealed on Thursday – Autocar: Yeti replacement uses MQB platform, gets four new turbocharged engines and a Kodiaq-like appearance; we’ll see it for the first time two days from now
- Ford considers cost cuts, reducing workforce – Detroitnews: Company is taking a “hard look” at global costs, but no decision regarding cuts has been made, source says
- Ford plans to cut global workforce by 10%, WSJ says – Automotive News: Ford is preparing major cuts to its worldwide workforce amid renewed efforts to hike profits and address the company’s falling share price, The reported, citing people briefed on the move.
- Lamborghini CEO lets Urus power slip – Autocar: Lamborghini are in the final stages of preparing their upcoming Urus SUV for launch, but until … Speaking to Europe, Lamborghini CEO Stefano Domenicali said … The Urus is built on the Volkswagen Group’s modular MLB platform, shared with the Audi Q7 and the Bentley Bentayga.
- Ford Aims to Cut Global Workforce by Roughly 10% – WSJ: Ford Motor Co. is planning substantial cuts to its global workforce amid Chief Executive Officer Mark Fields drive to boost profits and address the auto…
- Ford To Cut Up To 20000 Jobs As Fields Aims To Keep His Strategy On Track – Report – Forbes: Ford Motor is planning to slash up to 10 percent of its global workforce, as it seeks to cut $3 billion in costs in the face of slower car sales and higher…
- Former SolarCity CEO Lyndon Rive will leave Tesla – Reuters: May 15 SolarCity founder Lyndon Rive, who steered the dramatic growth of the biggest U.S. residential solar company before driving its sale to Tesla …
- Ford Plans to Cut About 10% of Global Staff: WSJ – Bloomberg: Ford Motor Co. plans to cut about 10 percent of staff worldwide as Chief Executive Officer Mark Fields faces pressure to improve profit and boost the…
- Report: Ford to cut 10% of global workforce – Freep: Ford is to announce a plan to cut 10% of its global workforce later this week, the reported late Monday. The Dearborn automaker…
- Ford reportedly plans to cut around 10 percent of global workforce – CNBC: Ford Motor was expected to release plans as early as this week to cut its global headcount by around 10 percent, people briefed on the plan said, the…
- Ford Motor to slash workforce by about 10 percent – WSJ – Reuters: Ford Motor Co is set to cut about 10 percent of its global employee headcount in an effort to boost profit and its sliding stock price, the reported on Monday.
- BRIEF-Ford to slash global workforce by about 10 percent to boost profit growth – Reuters: * Ford to slash global workforce by about 10 percent to boost profit growth amid $3 billion cost-cutting plan – , citing Dow Jones Further company coverage:
- Judge Gives Uber’s Self-Driving Lead The Boot A Day After Lyft And Waymo Team Up – Forbes: The week is off to a rough start for Uber’s self-driving division, which has already faced legal fire and a fresh alliance from two of its biggest competitors…
- Cramer’s lightning round: This car company’s not encouraging you to buy stock – CNBC: It’s that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Ford Motor…
- Audi and Volvo Are Getting Google Android Fever – Fortune: Google said Monday that Audi and Volvo plan to incorporate a version of its Android operating system into future vehicles that will help drivers and…
- Uber Ordered to Return Documents in Self-Driving Fight With Waymo – WSJ: Uber Technologies Inc., one of Silicon Valley’s most secretive firms, may be forced to open up to one of its archrivals, Google parent Alphabet Inc.
- Renault-Nissan resumes nearly all production after cyber attack – Reuters: Renault-Nissan said on Monday that output had returned to normal at nearly all its plants, after a global cyber attack caused widespread disruption including stoppages at several of the auto alliance’s sites.
- Prosecutor’s search of VW’s dieselgate law firm was legal – court – Reuters: * VW says Germany’s highest court must now decide (Adds Volkswagen comment)
- Lyft partners with Waymo to launch self-driving car pilots – Reuters: U.S. ride services company Lyft Inc and Alphabet Inc’s self-driving car unit Waymo have launched a self-driving vehicle partnership, bringing together two rivals to dominant ride-sharing service Uber Technologies Inc.
- Why BMW changed its mind on its electric car strategy – Autocar: Which is wiser: creating a brand-new electric model or adding an electric powertrain to an existing one?
- Is MG biting off more than it can chew with its new sports car? – Autocar: The E-Motion concept could make it to production by 2020 MG’s E-Motion concept showed plenty of promise, but the brand is yet to mount a charge on non-Asian markets