Top News:
- Ford, China’s Zotye Auto plan JV to build electric vehicles – Reuters: Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world’s top auto market.
- Honda, Chevy, Subaru Offer Best Cars for Teens – Detroit Bureau: As teenagers ready to head back to school this fall, they’ll be looking for school supplies, new clothes and, in some cases, a car to get back and forth…
- Top Singapore taxi firm ComfortDelgro in exclusive talks with Uber – Reuters: Singapore’s biggest taxi operator, ComfortDelgro Corp Ltd, entered into exclusive talks with Uber Technologies Inc for a potential tie-up, it said on Tuesday, in a move that could help Uber in its fight with dominant ride-hailing firm Grab.
- German Investor Sentiment Drops on Euro and Dieselgate Woes – Bloomberg: At the same time, the country’s flagship car industry is reeling from the emissions cheating scandal, which threatens to damage its reputation with…
- Ford to offer incentives to scrap older cars – CNBC: Ford is offering car buyers in Britain a 2,000-pound ($2,570) incentive to trade in older vehicles for newer, less polluting models. The offer is available…
- Electric Luxury In Motion: Mercedes-Maybach Reveals Vision 6 Cabriolet At Pebble Beach – Forbes: This is Vision Mercedes-Maybach 6 Cabriolet, a study car for the super luxury electric drive of the future. This deliciously-exotic, refined and…
- Mercedes-AMG C63 and C63 coupe to get new cabin tech in 2018 – Autocar: Mercedes-AMG will update its C63 and C63 coupe models for 2018 with improved cabin technology and small aesthetic changes – as shown by test…
- Volkswagen Tiguan R tests with Audi-derived five-cylinder engine – Autocar: Detuned 2.5-litre unit from the TT RS and RS3 will make its way into VW’s hot SUV as the brand expands the R badge
- BRIEF-Comfortdelgro Corporation says signed exclusivity letter with Uber Technologies – Reuters: * Signed exclusivity letter with Uber Technologies for exclusive discussions regarding forming a strategic alliance Source text for Eikon: Further company coverage:
- 2018 Porsche Panamera Sport Turismo: Why Can’t All Wagons Be This Good? – Forbes: If you believe that Porsche’s new second-generation Panamera sedan is attractive (as most everyone does), then its all-new Panamera Sport Turismo…
- Millennial Americans Are Moving to the ‘Burbs, Buying Big SUVs – Bloomberg: … sport utility sales as they acquire homes, create families and gain some wealth,” said Michelle Krebs, an analyst at car-shopping website Autotrader.
- BRIEF-Anhui Zotye Automobile’s share trade to resume after signing MOU with Ford Motor – Reuters: * Says share trade to resume on Aug 23 after signing MOU with Ford Motor to explore new all-electric vehicle JV
- Ford in talks to launch fully electric cars in China – FT: Ford is in talks to launch fully electric cars for the Chinese market as the US carmaker plays catch up to international rivals in the race to develop…
- Ford says signs MoU with Chinese automaker to build electric vehicles in China – Reuters: Ford Motor Company said on Tuesday it has signed a memorandum of understanding with Chinese firm Anhui Zotye Automobile Co to explore establishing a joint venture to build electric passenger vehicles in China.
- China’s Chery targets Europe with new brand – Automotive News: Chery said it plans to establish a European sales operation in co-operation … Chery joins other Chinese brands targeting the European market, including Zhejiang Geely Holding Group’s Lynk & CO, SAIC’s MG Motor and Borgward.
- BRIEF-Ford says signs MOU in China with Zotye Auto to explore new all-electric vehicle JV – Reuters: * Ford furthers global electrification expansion; signs MOU in China with Zotye Auto to explore new all-electric vehicle JV Source text for Eikon: (Bengaluru Newsroom)
- Ford becomes latest carmaker to launch UK scrappage scheme – Reuters: Ford on Tuesday became the latest carmaker to launch a car scrappage scheme in Britain, joining the likes of BMW and Mercedes-Benz, after months of procrastination from the government over whether to begin a national programme.
- JPMorgan thinks the electric vehicle revolution will create a lot of losers – CNBC: Adoption of electric vehicles is set to accelerate, and that’s going to run over a lot of losers, including within the auto … “A typical EV uses two to three times the dollar value of semiconductor constituents, compared to an ICV,” the…
- Magna gets construction permit in Hungary-report – Reuters: Magna International has won approval to build a factory in western Hungary which could result in the Canadian car parts maker choosing Hungary over Slovenia for its new paint facility, Radio Slovenia reported on Tuesday.
- Cars Made in UK May Struggle to Be British Enough Post-Brexit – Bloomberg: Manufacturers of “Made in the U.K.” cars are facing a worrying dilemma: Their vehicles might not be British enough to escape expensive tariffs after…
- Ford Offers UK Drivers Cash to Scrap Dirty Diesel Engines – Bloomberg: Ford Motor Co. became the latest automaker to offer cash to U.K. drivers if they scrap the most polluting vehicles on the roads, targeting about 15…
- Chevrolet’s Minivan Surrogate Improves But Misses Key Safety Content – Forbes: A vast improvement over the nine-speed transmission in the Honda Pilot. My kids were disappointed to find out that the Traverse does not offer a…
- South Korea, US Start Talks on Revising ‘Horrible’ Trade Deal – Bloomberg: The U.S. and South Korea kicked off talks on possible changes to a five-year-old bilateral trade deal that President Donald Trump has called a ” job…
- Howes: Job One for Hackett is delivering a faster Ford – Detroitnews: That’s a delicate balancing act, the automotive equivalent of overhauling a Boeing 747 while it’s in flight
- South Korea, US fail to reach agreement on possible revision to FTA deal – Reuters: South Korean and U.S. officials failed to agree on … while its imports of U.S. cars were $1.74 billion, a trade ministry official said …
- BRIEF-Ford recalls 37,734 SUVs in China – quality watchdog – Reuters: China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) says:
- Trump’s Strategy May Help in Afghanistan, but Few Expect ‘Outright Victory’ – New York Times: American troops kept watch near the wreckage of their vehicle at the site of a Taliban suicide attack in Kandahar, Afghanistan, this month. Credit Javed Tanveer/Agence France-Presse – Getty Images. President Trump’s new strategy for the war in …
- Indonesia Decision Guide: Rate Cuts Back in Play to Spur Growth – Bloomberg: Among those are targeted macro-prudential easing, such as lowering the loan-to-value ratios for housing or reducing down payments for car loans,…
- Supplying Lithium for the Electric Revolution Is Getting Harder – Bloomberg: Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car…
- Ford launches scrappage scheme for pre-Euro 5 vehicles – Autocar: Brand will pay £2000 for cars of Euro 1 to Euro 4 emissions if they’re swapped for a Euro 6 Ford
- Ford launches scrappage scheme offering at least £2000 for any brand – Guardian: Ford UK’s scrappage scheme offers allows customers to trade in any vehicle registered before the end of 2009. Photograph: Tony Margiocchi/Barcroft…
- These Billions in Deals Can Help Iran Counter Trump – Bloomberg: Renault SA signed a 660 million euro pact with the Industrial Development & Renovation Organization of Iran and Parto Negin Naseh Co., an importer…
- People Spent a Lot of Money on Vintage Cars Last Week – Fortune: That’s the takeaway after four days of vintage car auctions during Monterey Car Week. Across six companies, preliminary numbers show sales totaling…
- Chinese SUV manufacturer confirms interest in Jeep acquisition – Washington Post: China’s Geely Holding Group bought Volvo Cars from Ford in 2010. Earlier this year, Geely bought a controlling interest in British sports-car maker…
- Chicago-area mechanics strike causing confusion for customers – Chicago Tribune: Anthony Ocampo, an apprentice technician, works on diagnosing what is wrong with the hands-free system in a car at Grossinger Honda in West…
- Aldermen consider tough regulations for self-driving cars – Chicago Tribune: Google’s self-driving Lexus car drives along street during a demonstration at … Beale raised economic concerns, predicting self-driving cars could cost…
- VW revives its iconic Microbus as a self-driving electric van – Washington Post: The company is reinventing its famed Microbus, and will produce it as an all-electric, self-driving van that’s intended for road trips, ride-sharing, and…
- China’s Great Wall sets sights on Fiat Chrysler Jeep unit – CBS News: Geely bought Sweden’s Volvo Cars from Ford Motor Co. in 2010 and has launched a third brand, Lynk & Co., as a partnership between Volvo and…
- What happens to Fiat Chrysler if Chinese automaker Great Wall buys Jeep? – Freep: But at least two of those – Geely and Dongfeng Motor Group – dismissed that possibility in follow-up stories. Fiat Chrysler, in a statement, said no…
- Uber raises Hong Kong fares amid legal tangles – Reuters: Uber Technologies Inc said it raised its Hong Kong minimum fares on Monday by as much as 80 percent following a review.
- Exclusive: Hyundai Motor Group faces government calls to address ‘big governance risk’ – Reuters: South Korea’s new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of shareholders.
- Great Wall asks to meet FCA, eyes offer for all or part of group – sources – Reuters: China’s Great Wall Motor has asked for a meeting with Fiat Chrysler Automobiles (FCA) with the aim of making an offer for all or part of the Italian-American auto group, according to two individuals familiar with the move.