Top News:
- Munich mayor says diesel deal might not avert car ban – Reuters: The mayor of Munich, home to carmaker BMW(BMWG.DE), expressed doubts on Thursday about whether a deal between German …
- Hedge funds set to lose hundreds of millions on wrong-way bet against Tesla – CNBC: Tesla was the biggest short among U.S. stocks heading into its strong earnings report Wednesday evening.
- Toyota Steers Clear of Silicon Valley in Its Talent-Hunting Spree – Bloomberg: The Japanese automaker recently launched a marketing campaign targeting … Toyota last year announced its connected-car strategy, which includes…
- Tesla shares rise as investors bet on Model 3 success – Reuters: Tesla Inc’s shares rose 6 percent on Thursday as investors continued to bet on CEO Elon Musk’s ability to successfully take the company out of “manufacturing hell” as it ramps up production of its mass-market Model 3 sedans.
- EV Batteries: A $240 Billion Industry In The Making – Forbes: Even those who consider themselves somewhat knowledgeable about the electric vehicle (“EV”) industry would be hard pressed to name more than a…
- Wall Street stunned over Tesla’s 7% stock surge, still skeptical on Model 3 ramp – CNBC: Wall Street is still “cautious” on Tesla shares. Several firms question the company’s Model 3 production forecasts and capital needs. Shares are…
- Tesla’s $1.6 billion cash burn condoned as Musk focuses on EV vision – Automotive News: Tesla CEO Elon Musk keeps getting the green light to do what it takes to bring electric cars to the masses, regardless of how much it’s going to cost.
- Tesla may not be as far ahead in electric cars as we think, say analyst and dealer CEO – CNBC: “There’s been a huge amount of technology investment” from manufacturers in Europe and the U.S.,” Oppenheimer’s Colin Rusch says.
- Bernie Sanders attacks ‘greedy’ Nissan for anti-union campaign – Guardian: Bernie Sanders: ‘I proudly support Nissan workers’ fight to form a union. What they are doing takes tremendous courage.’ Photograph: Zuma…
- Continental sees German carmakers shifting away from diesel – Reuters: German carmakers are likely to stop developing … German politicians and car bosses agreed on Wednesday to overhaul …
- With a bit of love, Japan’s Subaru soars in US while rivals falter – Reuters: As many automakers struggle with slowing demand in the U.S. car market, one of Japan’s smaller automakers has managed to …
- Aston Martin names Maserati exec as powertrain boss – Automotive News: Ross replaces Brian Fitzsimons who was named technical officer at Castrol’s Nexcel division in April. Ross, 55, will be based at Aston Martin’s Gaydon…
- BMW’s Krueger says Mini EV will be built in UK even without incentives, Brexit assurances – Automotive News: BMW CEO Harald Krueger said the German carmaker chose to build an electric version of its Mini without receiving any assurances or…
- Demand doubles Tesla revenue but company’s losses continues to grow – Autocar: Heavy demand for the Model 3 is predicted to send revenues surging further Electric car maker’s fast-selling Model 3 has surged income – but it can’t offset the cost of ongoing investment
- Gorgeous 2018 Lexus LC 500 redefines Lexus style – Freep: I’m a believer. I remained skeptical for years as Toyota executives vowed their company would become a design leader. No more. The 2018…
- Why I proudly support Nissan workers’ fight to unionize – Guardian: This week, thousands of courageous workers at a Nissan plant in Canton, Mississippi, are doing just that. They are voting for the right to join a union,…
- Aston Martin St Athan plant on course to lead charge for electrification – Autocar: The Aston Martin DBX SUV (centre) will be produced at St Athan from 2019 Ex-Ministry of Defence site in Wales is into second phase of its conversion from three super-hangars into a manufacturing facility
- VW, Daimler, BMW Agree to Diesel Auto Upgrades – Bloomberg: Volkswagen AG, Daimler AG, and BMW AG reiterated a pledge Wednesday to upgrade software on five million diesel vehicles, dodging a more…
- The 3 Chinese Car Companies Taking Over Electric Racing Event Formula E – Forbes: Electric race car event Formula E just wrapped up its third season in July and … Read more: China Is Leading The World’s Boom In Electric Vehicles…
- Subaru profit jumps 18% on U.S. demand – Automotive News: Subaru’s quarterly profit rose 18 percent on booming U.S. demand for crossovers.
- Continental sees no price pressures from German diesel pact -CFO – Reuters: Continental expects no major price pressures to emerge from the costs German carmakers are facing to overhaul diesel …
- BMW Turns Cautious as Spending on New Model Offensive Cranks Up – Bloomberg: The company plans to introduce 40 new or overhauled autos through 2020, focusing on lucrative top-end vehicles like the new 8-Series sedan and…
- Car supplier ZF’s H1 margin improves on TRW synergies – Reuters: German auto supplier ZF Friedrichshafen AG improved its profit margin in the first half of 2017 thanks to synergy gains and improved business in the wake of its takeover of U.S.-based rival TRW, the company said on Thursday.
- Japan’s Suzuki Motor posts higher first-quarter profit on strong India sales – Reuters: Japan’s Suzuki Motor Corp on Thursday posted a 43.8 percent jump in its first-quarter operating profit, a sixth consecutive year-on-year rise, boosted by strong sales growth in its biggest market, India, and at home.
- Gas-Powered Cars Sputter Toward Obsolescence – Bloomberg: The trend toward electric vehicles is coming from both government and industry. Norway and the Netherlands have also announced bans on gas-powered vehicles, scheduled for 2025. Meanwhile, Sweden’s Volvo Car Group has said all its motors will be…
- BMW, Daimler and VW escape deep concessions in diesel deal – Automotive News: BMW, Daimler and Volkswagen Group agreed to to update the engine software of more than 5 million newer diesel cars in Germany to curb…
- GM July China sales up 6.3 pct y/y, pick up pace from June – Reuters: ) – General Motors Co’s vehicle sales in China grew 6.3 percent in July from a year earlier to 287,581 vehicles, following a 4.3 percent increase in June, the Detroit automaker reported on Thursday. GM’s January-July sales …
- Continental Q2 profit falls, raises FY sales outlook – Reuters: Continental’s second-quarter adjusted operating profit fell 10 percent as the auto parts maker raised spending on …
- BMW’s 5-series launch helps drive forecast-beating second quarter profit – Reuters: German luxury carmaker BMW posted a … and demand for its new 5-series helped to offset slowing demand for luxury cars in …
- Diesel Drama Fizzles as VW, Daimler, BMW Dodge Deeper Fixes – Bloomberg: … by cities — including Stuttgart, the home of Mercedes-Benz — to ban diesel cars.
- RPT-BRIEF-North American heavy truck orders rise in July – ACT – Reuters: Industry data provider ACT Research:
- Tesla Has Installed Its First Solar Roofs – Fortune: Tesla (tsla, +7.64%) said Wednesday that it has finished the first installations of its solar roofs, less than a week after the company’s mass-market…
- BMW Profit Beats Estimates on Lift From Revamped 5-Series Sedan – Bloomberg: BMW AG, a day after agreeing to recall diesel cars to shore up the beleaguered technology, reported a 7.5 percent increase in second-quarter…
- Sales of eco-friendly cars jump 24 pct in H1 – Yonhap: Best-selling models were Hyundai Motor Co.’s Ioniq electric vehicle (EV) and gasoline hybrids such as Toyota Motor Co.’s Camry hybrid and Lexus’…
- BMW profits rise nearly 10% on record sales – FT: BMW profits nearly rose at a double-digit pace in the second quarter as margins fattened and car sales hit another record thanks to sales in China.
- BRIEF-SKF settles legal dispute with BMW, no significant financial impact – Reuters: … * Skf says settlement will have an insignificant impact on financial position of group. Source text for Eikon: Further company coverage: (Reporting By …
- Japan’s Subaru posts higher profit as US car sales jump – Reuters: Subaru Corp on Thursday posted a better-than-expected rise in its quarterly operating profit, buoyed by higher sales in the United …
- Germany to Take on Tesla With Gigafactory Rival – Bloomberg: German executives are preparing to announce a new home for a lithium-ion battery plant designed to rival the output at Tesla Inc.’s Gigafactory. Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighboring country next month …
- Self-driving cars must learn norms – Automotive News: Self-driving cars still have a lot to learn before they can hit the road. … few years before driverless vehicles can adapt to learned driving behavior in an…
- Electric vehicles pose a threat to more than employment – FT: If the penetration of electric vehicles into the global light vehicle fleet followed a typical S-shaped curve, starting from around 1 per cent penetration…
- Electric Cars & the Energy Markets – Bloomberg: New Energy Finance’s Ashish Sethia and Gadfly’s David Fickling discuss electric vehicles and what they mean for energy…
- Payne review: VW’s Tiguan gets American-ized – Detroitnews: VW’s latest Tiguan is roomy and comfy – at a price
- Roush Performance makes faster Fords – Detroitnews: Accessible-power wars still an American hallmark
- Tip top: Many options from one source for Jeep owners – Detroitnews: Bestop got its start making soft-tops for Jeeps
- Australia new vehicle sales notch another record in July-industry – Reuters: Australian new vehicle sales recorded a third straight month of record sales in July, a hopeful sign for spending across the economy given consumers were confident enough to splash out on big ticket items.
- Tesla shares surge as Model S orders regain speed – FT: Tesla says it has bounced back from the recent dip in orders for its Model S, easing investors’ worries that its new Model 3 would cannibalise the more…
- Why Apple is Experiencing Another Growth Spurt – New York Times: “Wall Street is waking up to the reality that the next great product might not be an Apple car or the TV or the Watch,” said Trip Miller of Gullane Capital…
- Honda goes with the flow for an ultra-efficient factory – Nikkei: Honda Motor’s new plant in Prachinburi, Thailand, is unlike any other in the world. In operation since March of 2016, the factory currently turns out a…
- Judge tosses claims Fiat misled investors about emissions – Reuters: A federal judge in Manhattan has dismissed claims that Fiat Chrysler Automobiles misled investors about its compliance with U.S. emissions …
- Aurora Is Bringing Self-Driving Cars to Public Roads In California – Fortune: Aurora Innovation, the secretive startup founded by autonomous vehicle veterans from Google, Tesla, and Uber, has received a permit from the…
- Honda leads Japan in planned R&D investments for 2017 – Nikkei: Honda Motor tops the list of 20 Japanese companies with the largest … which ranked sixth, followed by Suzuki Motor and Mitsubishi Motors.
- UAW scandal roils Nissan union election – Detroitnews: United Auto Workers members set up an informational line outside this employee entrance at the Nissan vehicle assembly plant in Canton, Miss.,…
- Alphabet CEO Larry Page doesn’t seem to know very much about his company’s fight with Uber – CNBC: Alphabet CEO Larry Page appears far removed from making decisions about the company’s self-driving car unit, based on answers he gave in a legal…
- The Key Stats in Tesla’s Earnings Report – Barrons: But Tesla revealed other important numbers in its earnings letter and conference call — including the long-hidden number of reservations for the…
- University of Michigan slams on the brakes hard in self-driving vehicle research – Freep: University of Michigan researchers want to find out what happens to humans when their vehicles decide on their own to avoid a crash.
- Mechanics on strike at nine new car dealerships in Naperville – Chicago Tribune: The nine new car dealerships with mechanics in Local 701 are Bill Jacobs BMW MINI, Cadillac of Naperville, Lexus of Naperville, Fair Oaks Ford…
- Nissan US Workers Head to Polls as UAW Campaign Nears Verdict – Bloomberg: A work assembles a 2016 Nissan Motor Co. Altima mid-size vehicle at the company’s North America manufacturing plant in Canton, Mississippi.
- After trying to build self-driving tractors for more than 20 years, John Deere has learned a hard truth … – Yahoo: Automakers and their partners in Silicon Valley chasing the dream of self-driving cars are similarly learning that there’s a lot more to driving than just…
- IBM’s autonomous tech focused on helping those with disabilities – Automotive News: The technology company last year unveiled its Watson-powered self-driving shuttle, called Olli. Sachin Lulla, global vice president for automotive…
- Tesla Finishes First Solar Roofs-Including Elon’s House – Bloomberg: First the Model 3 electric car. … and instead attract them passively through its upscale auto stores in shopping malls and other high-traffic locations.
- Tesla Surges As Company Sticks With Rapid Model 3 Production Plan – Forbes: The Silicon Valley-based electric car and power provider, which has had just two profitable quarters since its 2010 IPO, handed over the initial 30 units…
- Tesla’s Quarterly Loss Widens as It Rolls Out the Mass-Market Model 3 – New York Times: The electric-car maker Tesla faces challenges in introducing its first mass-market vehicle, but the company’s chief executive, Elon Musk, sought to…
- Elon Musk Reassures Investors as Tesla Ramps Up Model 3 Output – New York Times: The electric-car maker Tesla faces challenges in introducing its first mass-market vehicle, but the company’s chief executive, Elon Musk, sought to…
- Canada’s Linamar reports higher quarterly sales – Reuters: Canadian auto parts maker Linamar Corp (LNR.TO) on Wednesday reported higher quarterly sales, helped by a strong …
- Data desires make auto, tech companies a good fit – Automotive News: He said Google, Apple, Uber and others are diving into the auto industry because of what they can learn about auto customers — and how they can…
- Tesla Burns Through Record Cash to Bring the Model 3 to Market – Bloomberg: The company has about 455,000 net reservations for the car, according to Musk. He said he misspoke when telling reporters Friday that the count was…
- New Model 3 demand, higher revenue charge Tesla shares – Reuters: The interior of the Tesla Model 3 sedan is seen in this undated handout image as the car company handed over its first 30 Model 3 vehicles to …
- Executive swap fuels talk of Chinese auto megamerger – Nikkei: Xu Ping has also chaired Dongfeng Motor Group, moving to FAW in 2015 as part of a similar switch. After that move, the two automakers collaborated…
- Auto workers’ union rolls the dice at Nissan’s Mississippi plant – Reuters: Nissan worker Tony Jacobson shows off an anti-union t-shirt outside the automaker’s plant in Canton, Mississippi, U.S., July 31, 2017. Photo taken …
- The Real Reason Car Sales Are Falling – Fortune: As more vehicles stayed in the driveway, fewer came off the lot. “These are not secrets,” said Intelligence analyst Kevin Tynan. “It’s not like…
- Nissan counts on Bosch, Continental – Automotive News: Nissan vehicles’ automated braking systems use radar to monitor proximity to the vehicle ahead. Nissan plans to make the technology standard on…
- Diesel Software Updates to Cost VW, Daimler, BMW at Least 500 Million Euros: VDA – New York Times: BERLIN – Volkswagen, Daimler and BMW are facing costs of at least 500 million euros ($593 million) to update the engine software of diesel cars in…
