- Lyft to buy Hitch app’s developer as competition grows – Automotive News: Lyft, which makes a mobile application for ride-sharing, is acquiring Corral Labs to expand its carpooling business as competition with Uber Technologies Inc. mounts.
- Hyundai must pay $73 million punitive award in Montana teens’ deaths – Automotive News: Hyundai must pay $73 million in punitive damages to the families of two Montana teenagers killed in 2011 crash blamed on a steering defect, a judge said.
- RUSSIA: Russia faces two-year slump – Ford – Just-auto: Russia’s car market faces two years with little prospect of significant recovery according to the head of Ford’s operations there.
- Cadillac Moving to NYC as Part of Global Restructuring – thedetroitbureau.com: Cadillac will go through a major strategic realignment as it moves its HQ to New York, the maker will announce today. It also will set in motion an unprecedented product blitz that will cover a wide range of gaps in its line-ups — albeit at a steep price .
- Jaguar Land Rover developing a smarter car to woo city dwellers – Automotive News: Jaguar Land Rover is joining other automakers in seeking to make its vehicles more intelligent in a bid to win over city dwellers who are more fixated on smartphones than cars.
- Number of Imported Cars Sold in Korea Is Shooting Up – Via Google News: Korean car market is in a threshold moment, as the number of imported passenger cars has recorded over 1,006,328 units, as of August.
- Lotus Likely to End US Sales of Evora in December – thedetroitbureau.com: The struggles of legendary manufacturer Lotus don’t appear to be ending any time soon as it appears the company will end sales of its only street-legal car in the U.S., the Evora, at the end of the year. The news follows last week’s news that the automaker is considering terminating 25% of its workforce around the world.
