Top News:
- Tesla seeks to raise $1.5 billion to fund Model 3 production – Reuters: () – Tesla Inc (TSLA.O) said on Monday it intends to raise about $1.5 billion (1.14 billion pounds) in a bond offering as the U.S. automaker seeks to fund the production of its newest electric sedan, the Model 3. Tesla said last week it received …
- Government strengthens fight against car hackers with new laws – Autocar: Legislation requires developers to build in cyber security systems to prevent attackers taking control of autonomous cars
- Germany should consider electric cars quotas, deputy economy minister says – Reuters: Germany should consider introducing binding quotas for electric cars for an automobile sector seeking to recover from a diesel …
- Renault forms new joint venture company in Iran – Reuters: French carmaker Renault said on Monday it had signed a new joint venture deal in Iran following an initial partnership agreement struck last year, which Renault said would boost its growth in the country.
- Hyundai’s labor union to stage partial strike – Yonhap: Unionized workers at Hyundai Motor Co. on Monday said they will stage partial strikes in an apparent bid to put pressure…
- SoftBank CEO says interested in investing in Uber, Lyft – Reuters: SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision.
- Audi A3 liftback to replace three-door hatchback in next generation – Autocar: Although not yet confirmed for production, Audi is considering a third A3 model for sale from 2021 Three-door hatchback version of the A3 to be dropped when 2019 model arrives; five-door liftback variant is under consideration for 2021
- Range Rover plug-in hybrid gears up for 2018 arrival – Autocar: spotted a Range Rover Sport PHEV over the weekend Range Rover’s forthcoming hybrid SUV will mate a 2.0-litre petrol engine to an electric motor
- The Mercedes-Benz AMG GLC 43 Is the Perfect Car for Every City Scenario – Bloomberg: When Ferrari announces it has made some Faustian bargain to start making SUVs, you know that segment must make a lot of money. So. Much.
- S. Korea emerges as key market for Mercedes-Benz in H1 – Yonhap: South Korea emerged as the world’s fifth-largest market for the German luxury auto brand Mercedes-Benz in the first half of…
- Diesel has to die – there is no reverse gear on this – Guardian: Excess diesel vehicle NOx emissions were linked to about 38,000 … The cost of electric-vehicle batteries has come down faster than most of us, me…
- IPhone maker says it’s building a multibillion-dollar facility – in another state Trump flipped – CNBC: “Besides self-driving technology, I’m also interested in artificial intelligence and deep learning technology.” No details into the investment amount were…
- Electric Car Boom Drives Rush to Mining’s $90 Billion Heartland – Bloomberg: A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s…
- Sunny outlook persists as sales slide deepens – Automotive News: July marked the steepest year-over-year decline for U.S. new-vehicle sales since 2010 and the industry’s seventh down month in a row, yet there’s no sign of panic.
- Secrets of Silicon Valley review – are we sleepwalking towards a technological apocalypse? – Guardian: But what will redundant truck drivers and radiologists do? It’s OK, say the inventors of the self-driving truck – other jobs will be invented that we can’t…
- China stocks dip ahead of July data deluge; Hong Kong up – Reuters: SAIC Motor Corp shrugged off news over the weekend that SAIC General Motors, its joint venture with General Motors Co would recall 6,451 Buick …
- BMW’s ‘future-proof’ EV strategy – Automotive News: “Nobody knows how many electric vehicles you’ll sell in 2020, 2021 and 2025,” BMW CEO Harald Krueger said. “You don’t know how many plug-in…
- Genesis plans clean break from Hyundai – Automotive News: This month, the brand plans to announce a new retail strategy for the U.S. that will accelerate its separation from the Hyundai marque and significantly…
- Road to the future paved with doubt – Automotive News: “If we went all in on electric vehicles,” he said hypothetically, “and we thought it was going to be 20 percent penetration in 10 years, and it’s only 8…
- Pressure on NAFTA talks to hit deadlines – Automotive News: Trade negotiations usually take years of detailed work to hash out agreements. In the case of the North American Free Trade Agreement, the three governments will race to finalize a deal before other events complicate matters.
- Major changes in the wind – Automotive News: And after we adjust to self-driving cars, we will then have to deal with vehicle electrification. Right now, the market share for electric vehicles is tiny.
- NA an anchor on Honda earnings – Automotive News: TOKYO – North America was a weak link for Honda Motor Co. in the latest quarter as falling regional sales and profits weighed down a meager uptick…
- The transition to electric is inevitable. Let’s begin it. – Automotive News: Volkswagen, Daimler, General Motors, BMW and Jaguar Land Rover are rolling out more plug-ins and EVs, in part to prepare for a Chinese market…
- Stuck in traffic again? Rise above it all – Automotive News: And Volocopter is not alone. Potential competitors include German startups Lilium Jet and eVolo, as well as U.S.-based Terrafugia and Joby Aviation.
- Here’s … Elon! Tesla channels late-night TV – Automotive News: While watching the simulcast launch of Tesla’s Model 3, Barclays Capital analyst Brian Johnson saw the following similarities to low-budget, late-night…
- BMW crams more into its lineup – Automotive News: BMW could expand its spectrum of cars in both directions, reviving the 8 series after … A fully electric 3-series sedan could be on sale by 2019 or 2020.
- German luxury giants go for EVs, autonomy – Automotive News: Mercedes parent Daimler AG is pledging to invest more than $11 billion in electric vehicles, with at least 10 new cars coming to market by 2022.
- Mercedes fixated on youth and power – Automotive News: Mercedes is redesigning its global A-class lineup next year on the … The A-class sedan is expected to be built at a Nissan-Daimler joint venture…
- New-look Lexus ES caught testing – Automotive News: Has Lexus shifted to a more conservative look for the redesigned ES sedan, caught testing in Arizona? Spy photos show the brand’s spindle grille…
- AMG to launch new 53 line – Automotive News: The new Mercedes-AMG CLS53 is expected to be the first in a new line of AMG 53 models. It likely will be powered by a high-performance version of…
- Genesis plans 3rd utility to balance lineup – Automotive News: The mystery vehicle, denoted only as “CUV,” was included in a product … electric vehicle platform will also debut around then for a Genesis EV…
- Mini vehicles grow and add electric drive – Automotive News: Mini executives have announced the Mini EV but haven’t said what it will … Mini is looking for the new electric to be a core vehicle and to contribute…
- BMW Urges Foreign Carmakers to Pay Into German Transport Fund: FAS – New York Times: FRANKFURT – Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure, BMW CEO Harald…
- 2017 Ford GT dukes it out with Camaro ZL1 – Autocar:
- As Toyota and Mazda Scour US for Plant, Mississippi Opens Arms – Bloomberg: As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the U.S. for where to put the first auto assembly plant announced under President…
- Tesla Model 3 Vs. Chevy Bolt: Media Roundup – Forbes: The headline shouts: “Chevrolet Bolt Sets Consumer Reports’ Electric-Vehicle Range Record.” The subhead: “This affordable electric hatchback runs…
- Where Are All of These Electric Cars Going to Charge? – Fortune: With the arrival of the Tesla Model 3, many agree that the electric car is finally poised to go mainstream. But as the grand plans of CEO Elon Musk…
- Honda’s Solo Act Turns Risky in the Alliance-Happy Auto Industry – Bloomberg: “Its global revenues are higher than Nissan, but it lacks the benefit of alliance partners, so it must invest a bigger percent of revenues in R&D to remain…
- GM Recalls 800000 Trucks for Faulty Power Steering – Fortune: General Motors is recalling nearly 800,000 trucks that have been found to suddenly lose power steering, potentially causing drivers to lose control of…
- The United Auto Workers Lose Again – WSJ: The United Automobile Workers suffered another humiliation in the South late last week as workers at a Nissan plant in Canton, Mississippi, voted in a…
- The view on electric cars: they’ll change the world – Guardian: Volvo has announced it will make no purely petrol-engined cars after 2019; the British government expects the all-electric future to arrive by 2040; and…
- BLAKE DOYLE: The electrification of the automobile is upon us – Guardian: With recently constant enthusiasts, pressure on Tesla stock ($TSLA) and affirmation of early adopter auto manufactures like Chevrolet or Volvo’s stated…
- SAIC General Motors recalls 6451 GL8 minivans in China – Reuters: SAIC General Motors has started recalling 6,451 GL8 minivans in China due to problems with the vehicles’ electronic steering …
- German state premier on defensive over close ties with VW – Reuters: The premier of Germany’s Lower Saxony, which owns a fifth of Volkswagen’s (VOWG_p.DE) voting rights, on Sunday rejected as …