- Daimler open to buying small stake in Volvo cars: Manager Magazin – Reuters: The chairman of Volvo owner Geely, Li Shufu, stealthily built a $9 billion stake in Daimler by the end of February, seeking to forge an alliance with the German carmaker as a way to counter the threat from new competitors such as Tesla (TSLA.O), Google…
- PSA’s fight to cut Opel’s production costs intensifies – Automotive News: PSA’s fight to cut production costs at Opel’s German factories took on a national dimension with Chancellor Angela Merkel intervening to say she expected the French automaker to honor commitments it made when it bought Opel from General Motors last…
- BRIEF-Tesla To Report Q1 Results on May 2 – Reuters: * TESLA WILL POST ITS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2018 AFTER MARKET CLOSE ON MAY 2ND Source text for Eikon: Further company coverage:
- Europe’s automakers invest in sedans despite SUV surge – Automotive News: Even the Peugeot 508 had what PSA described as a fastback shape. For automakers wanting to make a splash with a new concept, these low-slung, elegant cars make an impact. “The SUV now occupies a near mainstream position, so the four-door coupe has an…
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- Uber doubling down on India investments after exiting Southeast Asia – Reuters: Ride-hailing giant Uber Technologies Inc is “doubling down” on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday.
- Porsche AG CEO not targeted in German emissions probe: sources – Reuters: Porsche AG’s (VOWG_p.DE) Chief Executive Oliver Blume is not the board member targeted by Stuttgart prosecutors probing an emissions cheating scandal, two sources familiar with the talks said on Wednesday. Porsche and the Stuttgart prosecutor’s office…
- Indonesia car sales fall 0.65 pct in March y/y – Reuters: Car sales in Indonesia fell 0.65 percent in March from a year earlier, according to data from Indonesia’s car association, cited by the biggest car distributor PT Astra International on Wednesday. Automakers sold 101,674 units last month, compared with…
- BMW plans different sized battery cells to preserve design of future models – Automotive News: BMW is working to make sure that fitting battery cells into future models does not force it to compromise on its design. To achieve this goal, BMW Group r&d boss Klaus Froehlich said that the battery cells the automaker will use in its future…
