Top News:
- China’s Geely beats expectations as Volvo pays off – Reuters: China’s Geely Automobile Holdings Ltd said on Wednesday that first-half profit more than doubled, scoring its fastest earnings growth in eight years as cars designed with its Swedish affiliate Volvo won over domestic consumers.
- China’s Geely says has no plan to buy Fiat Chrysler – Reuters: Chinese carmaker Geely Automobile Holdings Ltd denied media speculation on Wednesday that it planned to make a takeover bid for Fiat Chrysler (FCA), the world’s seventh-largest auto manufacturer.
- Merkel vows to pressure auto firms to boost electric cars – Reuters: Germany must exert pressure on auto companies to accelerate the transition to electric cars, Chancellor Angela Merkel said on Wednesday as German firms try to mend their reputation after a diesel emissions scandal.
- Tech Firms Break From Hands-Off Approach With Bans on White Supremacists – WSJ: Recent moves by tech companies including Alphabet Inc.’s Google, GoDaddy, Uber and GoFundMe to crack down on white supremacists thrust them into unusual territory for corporations that often take a more hands-off approach to who uses their services and how.
- Used car market falters in second quarter of 2017 – Autocar: Bumper 2016 partly to blame for a flaccid 2017; SMMT chief Mike Hawes insists consumer confidence must be maintained by the Government
- Tesla streamlines electric car charging installation with in-house service – Autocar: Tesla can now fit charging stations for its vehicles at customers’ houses as part of a new Home Charging Installation Programme, streamlining the…
- Uber sorry for Philippines ‘misunderstanding’, but suspension stands – Reuters: The Philippine transport regulator stood by its one-month suspension of Uber Technologies Inc [UBER.UL] on Wednesday, despite its apology for a “misunderstanding” in failing to heed a directive to stop accepting new driver applications.
- Chery to reveal SUV concept for new European market brand – Autocar:
- Geely’s Home Court Advantage – Bloomberg: Geely Automobile Holdings Ltd. lured investors with the promise of worldwide expansion after big purchases like Volvo Car AB and Proton Holdings…
- Tesla Skipping Green Bond Label Keeps Fledgling Market Limited – Bloomberg: Daybreak: Americas.’ (Source:…
- FCA makes big jump into autonomous car race – Detroitnews: The Italian-American FCA is joining a team of companies that has worked to … Along with the premium German automaker and the Silicon Valley…
- High-Flying China Automaker Geely Says Profit More Than Doubled In 1st Half – Forbes: Geely Auto, the China private-sector automaker whose business and stock price has been on a tear this year, said today net profit soared by 128% in…
- Fiat joins BMW’s self-driving car development programme – FT: Fiat Chrysler Automobiles will join a consortium led by BMW and Intel that aims to develop fully driverless cars by 2021. The entry of FCA is a boost for…
- New one-off Ken Okuyama hypercar revealed ahead of Pebble Beach – Autocar: The designer of the Ferrari Enzo has announced the Kode 0 for the prestigious event. Power comes from a mid-mounted V12
- Unionized workers of Hyundai to seek another partial strike – Yonhap: Union members of Hyundai Motor Co., South Korea’s No. 1 automaker, said Wednesday they will stage partial strikes…
- Deutsche Post open to more electric van projects with Ford – Reuters: * Says likely to pick second production site next month (Adds further board member comment, details, background)
- Fiat Chrysler joins BMW-Intel self-driving car alliance – Reuters: Fiat Chrysler will join an alliance led by BMW to develop self-driving cars, intensifying a race by carmakers and technology companies to develop “robotaxis” which can be called up via smartphone and paid for by the minute.
- Uber Shareholders Fight for Control as Leadership Vacuum Weighs – WSJ: The acrimony among Uber’s investors spilled further into view with a new letter from one shareholder alleging underhand tactics by Benchmark Capital.
- Mazda Skyactiv-X engine range to gain plug-in hybrid variant from 2021 – Autocar: Mazda has developed a Skyaciv-X range of petrol engines that use compression ignition Mazda will produce the world’s first compression ignition petrol engine, claiming lower ‘well-to-wheel’ emissions than electric vehicles
- Supervolcano minerals discovery to boost green cars: study – Reuters: Sweden-based Volvo pledged last month that all new cars it launches after 2019 will be electric vehicles or hybrids. Other automobile firms are also …
- BRIEF-Fiat signs MoU with BMW, Intel and Mobileye for self-driving car technology – Reuters: * signed MoU with BMW, Intel and Mobileye to develop tech platform for self-driving cars Source text for Eikon: Further company coverage: (Reporting by Milan newsroom)
- Deutsche Post eyes further cooperation with Ford – Reuters: It would make sense for Deutsche Post and Ford to consider partnering on further projects after teaming up to make large electric delivery vans, Post board member Juergen Gerdes said on Wednesday.
- Bid reports drive Fiat Chrysler rally – FT: Shares in Fiat Chrysler hit an all-time high on Wednesday morning, after reports that the Italian-American carmaker had received at least one takeover…
- Fiat Chrysler to develop self-driving car platform with BMW, Intel, Mobileye – Freep: Fiat Chrysler Automobiles said today it will develop a platform for a self-driving vehicle with BMW Group, Intel and Mobileye. The partnership is a…
- Fiat Chrysler joins autonomous driving team of BMW, Intel, Mobileye – Reuters: Fiat Chrysler is joining the self-driving alliance led by BMW Group, Intel Corp and its Mobileye subsidiary, becoming the …
- Fiat Chrysler Signs On To BMW/Intel/Mobileye Automated Driving Partnership – Forbes: BMW, Intel and Mobileye announced their partnership in June 2016, with Delphi joining more recently as an integration partner. The original deal was…
- Uber investor Shervin Pishevar claims Benchmark wants to remove Arianna Huffington from the board – CNBC: Early Uber investor Shervin Pishevar sent Benchmark Capital another letter asking the firm to step away from the company’s board of directors.
- Hyundai Mobis develops bi-directional onboard EV charger – Yonhap: Hyundai Mobis Co., South Korea’s biggest auto parts maker, has developed a bi-directional onboard charger loadable on…
- China e-car newcomer Future Mobility raises $200 mln from Suning, others – Reuters: Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has raised $200 million from investors including China’s Suning and Fullshare Holdings in its latest round of financing.
- Shares in Fiat Chrysler, Exor extend Monday’s gains on M&A speculation – Reuters: Shares in carmaker Fiat Chrysler (FCHA.MI) were up more than 2 percent in early trade on Wednesday, extending gains posted on …
- Geely Profit Doubles on SUV Sales; New Models Set to Go on Sale – Bloomberg: Geely Automobile Holdings Ltd., the best-performing stock on the Hang Seng Index, said it will introduce the first models built on a new…
- Merkel rival Schulz attacks her “zig zag” German car policy – Reuters: Angela Merkel’s main challenger in next month’s German election criticised the chancellor’s approach to carmakers on …
- Honda adds 1.6 i-DTEC engine to Civic line-up – Autocar: Tweaked diesel engine joins the new Civic range from March 2018
- China’s Geely Automobile Says 1H Profit, Revenue More than Double – Nikkei: Hong Kong-listed Chinese carmaker Geely Automobile Holdings on Wednesday said first-half profit more than doubled,…
- China’s Geely says first-half profits more than double to $649 million – Reuters: China’s Geely Automobile Holdings Ltd said on Wednesday that first-half profit more than doubled, as cars designed with its …
- Mercedes, Mini, help reverse Europe’s slumping premium convertible sales – Automotive News: The Mercedes C-class Cabriolet has passed the BMW 2 series and the Fiat 500C to become Europe’s best-selling convertible. Mercedes will expand…
- Hyundai plans to ride SUV wave to top spot among Asian brands in Europe – Automotive News: Hyundai will double the number of SUVs it offers in Europe to four by 2019 and is expected to boost its crossover lineup even further by 2021, which is…
- Chevy casts net for new Traverse SUV buyers – Detroitnews: The Lansing-built Traverse is one of General Motors Co. … and Audiobooks, GM’s touchscreen infotainment system will offer over-the-air connectivity…
- struggles as NAFTA renegotiations rattle Japanese automakers – Reuters: Japan’s share average was nearly flat on Wednesday morning as investors stayed on the sidelines after sharp …
- ‘We’re Going To Take Over The World’: Text Messages Show Uber Leaders Driven By Competition – Forbes: Uber announced that it is acquiring self-driving startup Otto, which has developed technology allowing big rigs to drive themselves. (AP Photo/Tony…
- Uber’s Former Self-Driving Chief Urged Calling Out Musk – Bloomberg: The former engineer at the center of Uber’s self-driving car legal troubles … Inc.’s Elon Musk and several of his claims about autonomous vehicles.