- Buoyed by truck sales, GM earnings sail past expectations – Washington Post: Despite signs of decline in the auto market, General Motors is flourishing, reporting a 25 percent jump in income for the third quarter, boosted by higher-priced domestic truck and SUV sales in North America and China. GM’s income came in at a record …
- Jaguar Land Rover posts £90 million loss after sales drop – Autocar: Jaguar Land Rover (JLR) boss Ralf Speth says the firm will launch a series of cost and cash flow improvement programmes to boost profits after posting a pre-tax loss of £90 million in the previous financial quarter. The British firm says that lower …
- As GM shifts to SUVs, it sees a strong jump in profits – Freep: During their 26 years of marriage, Bernie and Pam Burrier have driven mostly General Motors sedans. But four years ago they switched to a three-row SUV and haven’t looked back. “When our family comes, we have seven seats so we can accommodate …
- GM Shares Surge as Pricey Cadillacs Fuel Surprise Jump in Profit – Bloomberg:
- GM Profit Soars on Growing Sales of Pricey Trucks and Cadillacs – Bloomberg: General Motors Co. beat profit estimates for the 14th straight quarter thanks to price hikes in the U.S. and soaring sales of Cadillacs in China. The largest U.S. automaker also hinted that full-year earnings may be at the high end of the range that it …
- GM posts $2.5 billion 3Q profit on strong results in key markets – Automotive News: Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion.
- A Tesla Model S on Autopilot Rammed a Parked Car at 80mph. Now the Driver Is Suing – Fortune: Tesla’s driver assistance tools are again being challenged in court. Floridian Shawn Hudson is suing the electric car maker for negligence and breach …
- General Motors Operating Profit Jumps 25% – WSJ: That compares with a loss of about $3 billion a year earlier, driven mostly by a hit from deferred tax assets that GM relinquished when it sold its European Opel AG unit in August 2017. Revenue rose about 6%, to $35.8 billion, slightly higher than …
- GM profit tops estimates, sees strong full year – Reuters: General Motors Co on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America.
- New trucks boost GM’s third-quarter profit – Detroitnews: GM Cruise lost $200 million in the third quarter. The autonomous vehicle development arm of the company got a $2.75 billion total investment from Honda Motor Co. earlier this month, following a $2.25 billion investment from SoftBank Investment Advisers …
- Honda and GAC Group to build $430 million Chinese plant for new-energy cars – Reuters: Honda Motor Co’s joint venture with GAC Group will invest 3.27 billion yuan ($469 million) in new-energy vehicle production in China, GAC said in a stock exchange filing on Wednesday.
- Hyundai and Kia to introduce solar roof charging system – Autocar: Hyundai and Kia will introduce solar charging panels on selected models from 2019 onwards – including some with internal combustion engines. The Hyundai Motor Group is currently developing three different types of solar roof, for cars with hybrid, full …
- General Motors reports earnings before the bell – here’s what to expect – CNBC: All of the automakers have been reporting higher material costs and other increased expenses stemming from the trade war, particularly between the United States and China.
- Big Oil outspends billionaires in Washington state carbon tax fight – Reuters: The U.S. oil industry has spent a record $30 million to fight a ballot measure in Washington state that would create the nation’s first carbon tax, double what an alliance of green groups and billionaire activists has spent to support it, according to…
- New Ford Focus ST seen in action at the Nurburgring – Yahoo: The model is a no go on the U.S. market, but Europe will also get a diesel-powered variant, expected to receive a 2.0-litre EcoBlue engine with 190 bhp. Ford has no plans to visit the Geneva Motor Show in March next year, so we will probably see the …
- VW to reveal new ‘urban-oriented’ pick-up in Brazil next week – Autocar: Brazilian market pick-up truck will sit below the Amarok, and will be shown in near-production form Volkswagen has released a sketch of a new pick-up truck, set to be revealed in full at the Sao Paulo motor show next week. The as-yet-unnamed model is…
- Time running out for autonomous car bill sought by automakers – Automotive News: A push on Capitol Hill to speed development of self-driving vehicles may not cross the finish line in time for this Congress — casting doubt on the future of unusually bipartisan legislation in Washington.
- VW may share EV platform with Ford – Automotive News: Volkswagen could be open to sharing its new electric vehicle platform with Ford as the automaker seeks to establish partnerships to share development costs.
- Tata Motors posts second-quarter loss on lean JLR sales, one-off charge – Reuters: Tata Motors Ltd on Wednesday reported a loss for the three months ended September, dented by weak Jaguar Land Rover sales and a one-off charge in respect to a subsidiary closure.
- Opinion: Nissan’s banned TV ad shows the ASA’s rules aren’t grounded in reality – Autocar: The Micra comprises the latest automotive technology in an affordable package Does advertising watchdog’s reprimanding of Nissan show off the watchdog’s unrealistic ideals? Last week the Advertising Standards Authority (ASA) banned three car adverts,…
- Automakers Brace for US Sales Slipping Into the Red for 2018 – Bloomberg: Sales probably slowed to an annualized rate of about 17.3 million in October, compared with 17.9 million a year earlier, with analysts expecting Nissan, General Motors and Ford to lead declines among the biggest automakers. A market that was cruising …
- Mazda slumps to operating loss amid falling sales, rising costs – Automotive News: Mazda slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.
- Panasonic CEO says can see Tesla ops not affected after reports on Musk – Reuters: Panasonic Corp Chief Executive Kazuhiro Tsuga on Wednesday said he had been worried about reports on Tesla Inc head Elon Musk, but can see that the U.S. electric car maker’s business operations have not been affected at all.
- Mazda logs surprise Q2 operating loss, cuts outlook on floods and costs jump – Reuters: ) – Mazda Motor Corp posted its first quarterly operating loss in seven years, hit hard by flood damage to factories in Japan as well as a jump in costs to comply with environmental regulations and to cover quality-related issues.
- Ford, Baidu to start self-driving road tests in China – Reuters: Ford Motor Co and Baidu Inc launched a two-year project on Wednesday to test self-driving vehicles on Chinese roads, amid a global race by carmakers and internet firms to develop autonomous vehicle technology.
- All-New Toyota Supra to Debut at 2019 Detroit Auto Show – Yahoo: Toyota has announced that the production version of the all-new Toyota Supra will officially make its highly-anticipated debut at the 2019 North American International Auto Show (NAIAS), otherwise known as the Detroit Auto Show, which will be held from …
- Mazda posts Q2 operating loss on compliance costs, recalls – Reuters: ) – Mazda Motor Corp on Wednesday reported an operating loss in the second quarter due to costs related to compliance with environmental regulations and recalls, while the Japanese automaker also grapples with lower global sales …
- Ford and Baidu to start testing driverless cars in China – FT: Ford and Baidu announced Wednesday that they are beginning a two-year project to test driverless cars on roads in China. The firsts tests will be in …
- Seat plans design revolution starting with new Leon – Autocar: The new Leon being tested ahead of its public reveal at Geneva in March Firm will kick-start new look for its cars in March, to better stand out from other VW Group brands Seat will differentiate its cars from Volkswagen Group siblings with a…
- Nissan Patrol breaks Guinness World Records title for Largest Synchronized Car Dance – Nissan-global: The Nissan Patrol has broken another Guinness World Records title – this one for the Largest Synchronized Car Dance. This award recognizes the activation, which has the greatest number of cars moving in unison within a formation. A total of 180 Nissan…
- Nishitetsu and Toyota to Begin Trials of Multi-modal Mobility Service “my route” in Fukuoka City – Toyota: Nishi-Nippon Railroad Co., Ltd. (Nishitetsu) and Toyota Motor Corporation (Toyota) will begin trials in Fukuoka City from November 1 of the multi-modal mobility service “my route” for smartphones, in collaboration with eight service providers in…
- (LEAD) Hyundai Department Store joins duty-free competition with new store in Seoul – Yonhap: (ATTN: ADDS photo, more info in last 5 paras; UPDATES with minor edits in para 2). SEOUL, Oct. 31 (Yonhap) — Hyundai Department Store Group, a major South Korean retailer, said Wednesday its first duty-free store will open in Seoul this week, joining …
- Ailing EV maker Faraday Future co-founder Nick Sampson quits – Reuters: * Sampson steps down as senior vice president of product strategy
- The day Volkswagen briefly conquered the world – FT: In midst of the great financial crisis, something odd happened. Volkswagen, the German carmaker, became the biggest company in the world. For one, brief day. Looking back a decade, as many have recently, you’d be forgiven for thinking the worst asset …
- Ford and Baidu team up to test self-driving vehicles in China – CNBC: Ford and Chinese internet giant Baidu announced a tie-up on Wednesday that will see the two firms jointly test self-driving vehicles in China for two years.
- Grab PH Drivers Now in Better Hands with Toyota PH – Yahoo: Top executives from Toyota Motor Philippines (TMP), Grab Philippines, and Toyota Financial Services Philippines (TFSPH) gathered Wednesday afternoon, October 24, 2018, to officially sign the Memorandum of Agreement that makes vehicle replacement …
- VW reviewing autonomous car alliances, Waymo seen as a leader: CFO – Yahoo: FRANKFURT (Reuters) – Volkswagen Chief Financial Officer Frank Witter on Tuesday said the carmaker was open to deeper alliances with outside companies, particularly in the area of autonomous driving, where Google’s Waymo is seen to be an industry …
- Pollution, poor cycling and scrapped electric car incentives cause Hong Kong to lose out to Singapore in sustainable … – Yahoo: Regional air pollution, the lack of an urban bicycle infrastructure and the government scrapping electric vehicle incentives put the city below its Southeast Asian rival, according to Arcadis, a Dutch consultancy. An income gap at its highest point in …
- Ford (F) Outpaces Stock Market Gains: What You Should Know – Yahoo:
- Hyundai develops solar charging system for vehicles – Yonhap: SEOUL, Oct. 31 (Yonhap) — Hyundai Motor Group said Wednesday it has developed a solar charging system for vehicles in its ongoing effort to reduce carbon dioxide emissions. The solar charging system, which will be installed on the roof of a vehicle …
- Elon Musk: ‘Deleted my Tesla titles to see what would happen.’ – Yahoo: Video October 30, 2018. Tesla CEO Elon Musk made waves again after he said on Twitter he deleted his Tesla titles last week to see what would happen without giving further …
- Furloughs, executive departures hit struggling Faraday Future – Latimes: Faraday Future, the luxury electric-car maker once billed as China’s answer to Tesla, is running out of juice. A co-founder of Faraday has resigned …
- Exclusive: Bentley warns worst case no deal Brexit would hit profitability, investment – Yahoo: Thomson Reuters. By Costas Pitas. LONDON (Reuters) – The boss of carmaker Bentley said failure to reach a Brexit deal would be “quite damaging” to annual profit in the worst case scenario, limit the company’s ability to invest and could lead to its …
