Top News:
- In crisis mode, Honda risks losing its originality – Nikkei: Honda Motor’s plan to shift its focus to management efficiency may have provided a solution to the automaker’s flagging profitability.
- Chinese Tesla rival is planning to launch a $7,800 ‘ultra-compact’ electric car in 2018 with changeable batteries – CNBC: The electric car market continues to heat up with new entrants looking to take on the likes of Tesla and traditional automakers in the space.
- Fiat Chrysler CEO says 2018 targets unaffected by diesel woes – Reuters: Fiat Chrysler does not expect its diesel woes in the United States to have an impact on its business targets to 2018, the carmaker’s Chief Executive Sergio Marchionne said on Friday.
- BRIEF-Fiat Chrysler CEO confirms will step down early 2019 – Reuters: … * asked whether political and market uncertainties could result in him rethinking his decision to step down in early 2019, says “No”. Further company …
- VW brand CEO sees new models driving profit and sales – Reuters: Head of Volkswagen design Klaus Bischoff, chairman of Volkswagen board Herbert Diess and Frank Welsch, member of the Board for Development of …
- The Car Industry Is Losing Its Head Over Uber – Bloomberg: While the shift from combustion engine to electric vehicles is happening and autonomous driving will come too, in time, we’re a long way from…
- India’s 2017 diesel imports may rise to highest since at least 2011 – Reuters: India’s diesel imports this year may rise to the highest since at least 2011 as refiners shut down to upgrade their units to meet new fuel standards and as warmer temperatures spur demand, said five industry sources.
- Tech firms and carmakers should be liable if a driverless car hits a person, says top auto exec – CNBC: Carmakers and technology firms should both be held accountable in the event a driverless car crashes into someone, the CEO of Valeo told on Thursday.
- Volkswagen Unveils New Version of Polo Subcompact – New York Times: Volkswagen is unveiling a new version of its Polo subcompact, the sixth edition of a car that has sold 14 million copies…
- BRIEF-DBT wins major order with Nissan Europe?? – Reuters: Volkswagen has signed a deal to supply engines to GAZ group, securing jobs at its Salzgitter engine plant and adding to …
- Tesla will begin Model 3 test drives in ‘late 2017’, but there’s a catch – Yahoo: Barring any unforeseen circumstances, mass production on Tesla’s Model 3 will kick off sometime next month. And though Tesla has missed every production deadline it’s ever set – first with the Roadster, and next with the Model S and Model X – Elon …
- 2017 Volkswagen Polo officially unveiled in Germany – Autocar:
- New Volkswagen Polo leaked ahead of official reveal – Autocar: Pictures of VW’s new Ford Fiesta model and the hot GTI variant have surfaced online
- Volkswagen to supply Russia’s GAZ with engines – Reuters: Volkswagen had said on Thursday it had extended a deal with GAZ to assemble VW brand and Skoda cars until 2025 and to supply 2.0 liter diesel …
- Europe Stocks Bounce Back as Automakers Climb on Car Sales Data – Bloomberg: European stocks advanced in a broad rally following two days of declines. Investors bought automakers after solid car sales data and assessed the…
- BRIEF-Renault global car sales up 12.3 pct in volume in May-slides – Reuters: is the news and media division of Thomson . Thomson is the world’s largest international multimedia news agency, providing …
- Renault Shareholders Narrowly Approve CEO’s Pay Amid Controversy – Bloomberg: Renault SA shareholders approved Carlos Ghosn’s 7 million-euro ($7.8 million) compensation for last year over the objections of the French…
- European Car Sales Rebounded in May as Economy Buoyed Buyers – Bloomberg: European car sales bounced back in May after a month-earlier slump, as a brightening economic outlook and political stability in France helped the…
- Rolls-Royce says 2017 started well, all units performing in line – Reuters: British aero-engineer Rolls-Royce said on Friday that 2017 had started well, with all businesses performing in line and expectations for the first half of the year unchanged.
- European car sales rise 7.7 percent in May, nearing pre-crisis levels – Reuters: New passenger car registrations in the European Union and European Free Trade Association increased to 1.43 million vehicles last month, …
- U.S. states could not set self-driving car rules under Republican plan – Automotive News: California and other states would be barred from setting their own rules governing design and testing of self-driving cars, according to a House Republican proposal.
- Cars of tomorrow: Fiat Chrysler honors student designs – Detroitnews: For a peek at what Chryslers and Dodges might look like 30 years from now, Fiat Chrysler Automobiles designers went to the high school students…
- Demand fuels hot cars like the Civic Type-R – Detroitnews: Despite headlines about self-driving vehicles, there’s a whole new generation of driver-centric performance cars
- California tells VW to build electric charging stations in poor areas – Reuters: California legislators on Thursday tightened rules requiring Volkswagen AG to spend a portion of clean car infrastructure funds in disadvantaged communities, passing a bill as part of a budget package agreed with Governor Jerry Brown
- Warburg Pincus to buy 43 percent in Tata Tech for $360 million – Reuters: An affiliate of private equity firm Warburg Pincus will buy an about 43 percent stake in Indian engineering outsourcing provider Tata Technologies Ltd for $360 million.