Top News:
- Mobileye sees income from maps before self-driving cars launch – Reuters: Mobileye’s mapping program for self-driving cars will start making money long before fully autonomous vehicles hit the roads, its chairman told , as carmakers can use the technology for a variety of semi-autonomous driving features.
- Consumer demand fears knock global stocks, dollar up before Fed decision – Reuters: Falls in iPhone and U.S. car sales helped beat European stock markets back from 20-month highs on Wednesday while the dollar inched up as investors priced in a greater chance of further tightening of U.S. monetary policy next month.
- Delphi to spin off powertrain business, focus on autonomy and EVs – Automotive News: Automotive supplier Delphi plans to spin off its powertrain unit in order to focus on developing technology for autonomous driving systems and electrically powered vehicles.
- Mahindra pulls the plug on electric car sales in UK – Reuters: Mahindra & Mahindra has stopped selling electric cars in the United Kingdom due to weak sales and is winding up sales operations there, according to a document seen by , in a new setback to the Indian automaker’s global ambitions.
- Uber’s Driverless Car Ambitions at Stake in Waymo Court Clash – Bloomberg: Uber Technologies Inc. Chief Executive Officer Travis Kalanick calls driverless cars an “existential” necessity for his company. If he’s right, Uber can’t…
- Ford and General Motors Sink on Disappointing April Car Sale Figures – Yahoo: NEW YORK, NY / ACCESSWIRE / May 3, 2017 / Weaker car sales in the U.S. last month drove many car stocks down. General Motors and Ford were among many others including Ford, Toyota, Fiat Chrysler, Honda, and Nissan, to report weaker sales in the…
- Tesla Earnings: What to Watch – WSJ: Tesla Inc.’s first-quarter financial results are expected to be released after the market closes on Wednesday. Here’s what you need to know:.
- Delphi announces spinoff of powertrain business – Reuters: Automotive supplier Delphi Automotive Plc on Wednesday said that it would to spin off its powertrain unit in order to focus on developing technology for autonomous driving systems and electrically powered vehicles.
- Peugeot and NuTonomy Are Joining to Test Self-Driving Cars in Singapore – Fortune: NuTonomy’s software, sensors and computing platforms will be installed in Peugeot 3008 models as part of plans to develop the technology needed…
- German diesel car sales drop 19 pct, lose market share – KBA – Reuters: … authority said on Wednesday, confirming an earlier report by .
- Alfa Romeo’s US return: will it earn its stars and stripes? – Autocar: Alfa Romeo relaunched in North America just four months ago. Could the Stelvio SUV be the answer to the firm’s stateside success?
- VW brand profit soars as cost cuts start to pay off – Reuters: Volkswagen said profit at its troubled core division soared in the first three months of the year, a sign that long-overdue cost cuts are having an impact as the carmaker seeks to move beyond its diesel emissions crisis.
- Is This the Most Valuable Car in the World? – Bloomberg: One of the most coveted cars in the world lost its driver this week when Atlanta millionaire Preston Henn, a flea-market magnate and racing aficionado,…
- Tata’s Jaguar Land Rover posts record April sales in US on new models – Nikkei: Jaguar Land Rover, the luxury automaker owned by India’s Tata Motors, posted a 35% jump in U.S. sales in April — its best…
- Tesla is most painful stock for short sellers in 2017 – Reuters: SAN FRANCISCO Traders short selling Tesla’s (TSLA.O) soaring stock have lost $3.7 billion this year, eclipsing the combined losses of traders …
- Renault, Skoda and Citroen among winners as Italy sales fall 5% – Automotive News: New-car registrations in Italy fell 4.6 percent last month with most major automakers losing volume except Renault, Skoda, BMW and Citroen. Sales for…
- 2017 Audi A8 spied testing at the Nürburgring – on video – Autocar: Next-generation range-topping saloon gets more driverless tech and lighter construction; we’ve now seen it undergoing performance testing on track in S8 guise
- Diesel scrappage plan to be revealed on Friday – Autocar: Diesel cars will soon have to pay £20 per day to enter some of the UK’s most polluted cities. Drivers of older diesel vehicles could benefit from a scrappage scheme, as the Government moves to improve air quality in English cities
- Uber in U.S. court reckoning on possible shutdown of self-driving program – Reuters: Uber Technologies Inc [UBER.UL] goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that threatens to topple a central pillar of Uber’s growth strategy.
- Volkswagen Reports Upbeat Earnings Despite Emissions Scandal – WSJ: BERLIN-Volkswagen AG on Wednesday confirmed its outlook for the full year and reported a sharp rise in first-quarter profit despite the ongoing…
- NuTonomy, Groupe PSA to collaborate on self-driving cars – Washington Post: Boston-based nuTonomy says it plans to install its software and specialized sensors into two Peugeot 3008 SUVs this summer. It will begin testing…
- Volkswagen’s Q1 profit up 44 percent as sales mix improves – Washington Post: FRANKFURT, Germany – German automaker Volkswagen saw its first-quarter profit jump 44 percent as the company … Volkswagen’s other brands include luxury makes Audi and Porsche, as well as Skoda, SEAT and Lamborghini.
- Volkswagen Profitability Surges in Post-Scandal Savings Push – Bloomberg: Volkswagen AG’s profitability surged as turnaround efforts at the struggling namesake car brand gained traction, providing much-needed support to…
- Peugeot makers partners with nuTonomy to test self-driving cars in Singapore – FT: We are excited to work together with nuTonomy’s team of software and robotics experts to make the concept of self-driving PSA cars more and more…
- Geely’s Volvo says sales rose 10.5 pct yr/yr in April – Reuters: Volvo Cars reports global retail sales growth of 10.5 pct in April. * Says total sales for the month amounted to 46,895 cars, compared to 42,434 cars a …
- VW in talks with Exxon, Gazprom on gas-powered cars: Mueller on ORF – Reuters: Volkswagen is in talks with Exxon Mobil Corp and Gazprom to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria’s ORF radio.
- VW first quarter profit jumps 40 percent as brand cost cuts materialize – Reuters: FILE PHOTO: The logo of Volkswagen company is seen on a car on an assembly line at the Volkswagen car factory in Palmela, Portugal, December 9, …
- Drive Electric expands board to promote EVs – Autocar: It is impossible,” Drive Electric chairman Mark Gilbert says. “Now we can contribute to the sector from the new and used car, banking and finance, power and charging infrastructure perspectives.” New board members include Westpac head of asset finance…
- Mini USA appoints new heads of sales and marketing – Automotive News: Mini USA has appointed new heads of both sales and marketing. Tom Salkowsky becomes department head of sales for Mini USA.
- Land Rover highlights Discovery’s capabilities – Automotive News: The top-watched video this week was once again Hyundai’s “Shackleton’s Return” with 23,479,158 views. Audi, Nissan and Aston Martin also had…
- Peugeot gears up with nuTonomy for self-driving car test – Reuters: French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore.
- Great deals on cars – and lending-bubble worries – Detroitnews: A growing number of loans issued to subprime borrowers are going bad at rates not seen since the recession
- Peugeot and NuTonomy to Test Self-Driving Sport-Utility Vehicle – WSJ: NuTonomy Inc., the startup that beat Uber Technologies Inc. to the streets with a robot taxi, will work with Peugeot to integrate autonomous vehicle…
- BRIEF-Zhejiang Longsheng Auto Parts to change name to Kuang-Chi Technologies – Reuters: … is the news and media division of Thomson .
- Big Summer Shutdowns Loom for U.S. Auto Plants as Sales Sputter – Bloomberg: