- SWEDEN: “Reptile quick” yes reply to NEVS June salary payments – Just-auto: Scandinavian automotive supplier association, FKG, says it received a “reptile quick” affirmative response whether or not embattled Swedish automaker, NEVS, was able to pay its June salaries.
- Porsche Upbeat on China – WSJ: Porsche expects low double-digit sales growth in China this year, its China CEO said, as it pushes to increase dealerships there by close to 50% by the end of 2015.
- Lawmakers Ask If GM Bosses Bear Fault – WSJ: General Motors’ pinning of a decadelong failure to recall defective cars on a lone engineer faces skepticism from lawmakers who say GM documents show dozens were alerted to ignition-switch defects.
- Fiat Chrysler will sell holdings worth $820 million to fund upscale shift – Automotive News: Fiat Chrysler plans to sell holdings valued at about $820 million, freeing up cash to invest in an expansion of its upscale brands.
- UK: Honda readying update for slow selling Civic already – report – Just-auto: Honda sold just 38,000 Civics in the hotly contested European C-segment last year – a quarter of the volume of the Opel/Vauxhall Astra, a media report said.
- SWEDEN: NEVS production halt minimal supplier impact: FKG – Just-auto: Scandinavian automotive supplier body, FKG, says the impact of troubled automaker, National Electric Vehicle Sweden (NEVS)’s production halt can be compared to a “coffee break” in terms of any knock-on effect.
- Jaguar promises new model debut for Goodwood Festival of Speed – Autocar: The first model from JLR’s new Special Operations division will be shown for the first time at Goodwood, as F-type coupé and XFR-S Sportbrake take to the hill.
- 25% of recalled cars in U.S. aren’t fixed despite notice – DetN: One of every four cars recalled in the U.S. isn’t fixed, leaving millions of potentially dangerous vehicles on the road.
