Top News:
- Daimler invests in ride-hailing firm Careem’s latest funding round – Reuters: Dubai-based ride hailing firm Careem will step up expansion into new markets after raising $150 million from investors, including German carmaker Daimler and Saudi Arabia’s Kingdom Holding.
- Next Peugeot 508 to get fastback rear and second-gen i-Cockpit – Autocar: Upcoming BMW 3 Series rival will feature a swooping roofline as part of its image makeover
- China freezes green car licences amid ongoing quality issues – Reuters: China’s central government vigorously promotes electric vehicles to fight urban air pollution and as a means for its domestic auto industry to compete …
- Saudi Billionaire Alwaleed, Daimler Invest in Uber-Rival Careem – Bloomberg: Saudi billionaire Prince Alwaleed bin Talal has joined Daimler AG, the world’s biggest luxury-car maker, as an investor in a $500 million-fundraising…
- New Energy Auto Population in May Over One Million, Geely Has Carsharing Potential – Automotive News: In May, Chinese new energy vehicles owership ranked first in the world. Latest news shows that with the global energy and environmental issues…
- Robotics startup ZMP partners with Tokyo taxi firm for 2020 self-driving car plans – Reuters: Japanese robotics maker ZMP Inc has partnered with a taxi operator in Tokyo, as part of its plans to launch a self-driving taxi in the city in time for the 2020 Olympics, CEO Hisashi Taniguchi said on Thursday.
- Toyota’s Animal Spirits Revive – Bloomberg: As Gadfly has long argued, Toyota’s cautious approach to the future of driving has risked squandering its vast advantages of scale and profitability,…
- Uber’s trucking ambitions in lower gear after Otto deal – Reuters: Uber Technologies Inc’s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700-billion industry.
- Chevy’s new Equinox ups its game – Detroitnews: Latest Equinox feels more dynamic and responsive than previous generation
- Cadillac concept inspires 16-cylinder marine engine – Detroitnews: 1,100-horse V-16 boat-racing engines could make their way to the street
- Ghosn’s long reign at Renault faces mounting challenges – Automotive News: Ghosn, who has led Renault as CEO since 2005, and is chairman of Nissan and Mitsubishi, faces challenges on many fronts at the meeting on…
- India antitrust watchdog imposes $13.6 mln fine on Hyundai Motor’s local unit – Reuters: … The penalty has been levied at 0.3 percent of Hyundai Motor India’s ..
- Uber’s open COO job in the spotlight amid leadership void – Reuters: With Chief Executive Travis Kalanick taking a leave of absence from Uber Technologies Inc, the vacant job of chief operating officer takes on a lot more importance as the company frames the position as key to solving its woes.
- Mitsubishi Motors Is Getting Back on Track, COO Says – Bloomberg: Trevor Mann, chief operating officer at Mitsubishi Motors, discusses the company’s turnaround plan, the challenges they’re facing and the targets for…
- Demand, not supply, is the great unknown for lithium and cobalt: Andy Home – Reuters: LONDON The number of electric vehicles on roads worldwide rose to a record high of 2 million last year, according to the International Energy Agency (IEA). That represented a doubling from the 2015 tally but electric cars still only accounted for 0.2 …
- Volkswagen to limit GTI models to Golf, Polo and Up – Autocar: Volkswagen Up GTI VW boss has crushed claims that an SUV GTI model was on the way, stating that the Golf, Polo and Up have completed the range
- The Universal Phenomenon of Men Interrupting Women – New York Times: an Uber board member’s wisecrack about women talking too much, and Senator Kamala Harris, Democrat of California, being interrupted for the second time in a week by her male colleagues – triggered an outpouring of…
- Jaguar returns to U.S. wagon market – Automotive News: Jaguar is rejoining the premium wagon market with the XF Sportbrake. It will be the first XF wagon sold in the U.S. and is expected to deliver incremental volume for the brand.
- In BMW’s hometown, a push to ban diesels to curb pollution – Automotive News: Diesel vehicles accounted for 71 percent of BMW’s total sales in Europe in the first four months, down 4.2 percent from a year earlier. Photo credit:…
- Bentley’s Pet Stuff founder: Natural food movement isn’t just for humans – Chicago Tribune: Bentley’s Pet Stuff founders Lisa and Giovanni Senafe talk about the chain’s focus on healthy pet products and recent growth. June 14, 2017 (Lauren…
- Enterprise CarShare halts service in Chicago, citing ‘theft, vandalism and fraud’ – Chicago Tribune: Chicago crime has led Enterprise’s car-sharing operation to cancel existing reservations in the area and stop taking new ones, the company says.
- Daily Report: The Perils of Continuing to Use Uber – New York Times: Uber has promised to reform its corporate misbehavior. On Tuesday, the company released a long list of recommendations that it plans to adopt to avoid the.