- GM Korea’s board delays decision on bankruptcy filing to Monday – sources – Reuters: The board of General Motors’ South Korean unit delayed its decision on filing for court-led rehabilitation proceedings to Monday, said two sources familiar with the situation.
- Nissan to launch 3 new EV models in Japan by FY 2022 – Nikkei: Nissan Motor Co. said Friday it will launch three new electric and five new hybrid vehicle models in Japan by fiscal 2022, accelerating efforts to boost its sales of environmentally friendly cars. The Japanese automaker is aiming to lift the share of…
- Jaguar axes range-topping XE S and XE S models – Autocar: The XE’s six-cylinder variant has been axed Car maker has ditched hot saloons due to poor sales and emission regulation changes
- America’s Love for Trucks Means Long-Term Auto Loans Are Here to Stay – Bloomberg: Fiat Chrysler Automobiles NV’s Ram truck brand had the longest average loan terms in the industry last year, at 73 months, according to consumer credit tracker Experian. The automaker’s Jeep and Fiat lines also placed among the top five, along with…
Friday Morning Auto News, Apr 20, 2018
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- 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…
