Top News:
- Marchionne asks investors for help persuading GM to merge with Fiat Chrysler, report says – Automotive News: Fiat Chrysler Automobiles CEO Sergio Marchionne is reaching out to hedge funds and activist investors to help persuade General Motors…
- BMW Drops Wrench Into Palm Energy Plan as Engine Damage Seen – Bloomberg: A drive to introduce a blend that uses 10 percent palm oil, up from 7 percent, risks causing severe engine damage, according to BMW Group Malaysia.
- States Crack Down on Left Lane Hogs – Detroit Bureau: Speed up or get out of the way. Indiana will begin fining left lane hogs as much as $500 starting next month, and other states, including Ohio and Oregon, are considering similar measures. Proponents claim dawdlers pose traffic safety risks, reports TheDetroitBureau.com.
- Elio Three-Wheeler to Hit US Roads Next Year – Detroit Bureau: Elio Motors, a start up that’s been given up for dead more than once during the past seven years, says it has begun work on its fifth generation prototype, which is now slated to reach production next year. To see what’s next, go to TheDetroitBureau.com.
- Toyota plant updates two key lines simultaneously – Just-auto: Toyota’s UK manufacturing unit said its Burnaston factory had achieved an “unprecedented simultaneous start of production” for updated versions of…
- Hyundai, Kia to cut costs as sales, profit decline – Automotive News: Hyundai and Kia are reducing costs after sales and profit fell at the two Korean carmakers. They are ‘making efforts to cut costs’ after first-quarter operating profit declined.
- Philippine unit of Toyota Motor to expand production capacity – Reuters: MANILA, June 9 The Philippine unit of Japan’s biggest automaker Toyota Motor Corp is planning to expand its local production capacity by as much as…
- On the road to zero emissions, Bhutan hits a few electric car bumps – Reuters: THIMPHU, Bhutan (Thomson Reuters Foundation) – With abundant … That represents only about a tenth of a percent of the total cars on the road in…
- China plans one million EVs by 2020 – Autocar: The Denza was revealed in 2014, and is the result of a collaboration between BYD and Daimler Chinese manufacturers set ambitious targets to take advantage of new EV and hybrid technologies, but the uptake has been slow so far China has set an ambitious target of putting one million hybrid and electric vehicles onto its roads by the end of the decade.Although the current level of hybrid and electric vehicles in the country stands at just 83,000, manufacturers and officials are confident of reach
- Infiniti Sees Big Year in China – WSJ: CHONGQING, China- Nissan Motor Co. NSANY -1.09 % ‘s Infiniti brand projects double-digit China sales growth this year despite slowing overall…
- BMW plans to build an electric SUV in the US, report says – Automotive News: BMW plans to build a battery powered SUV/crossover in the U.S. as a rival to the upcoming Tesla Model X, a German business…
- U.S. pension fund CalSTRS says opposes Toyota “Model AA” shares – Reuters: The California State Teachers’ Retirement System (CalSTRS), the second-largest U.S. public pension fund, said it would vote against a proposal by Toyota Motor Corp to issue “Model AA” shares as they would be closed to investors outside Japan.
- BMW teases 7-series – Automotive News: BMW uses a tried-and-true trick for viral success.
Other news, rumors, and gossip:
- General Motors: Just Say No To Italian Nightmares – Seekingalpha: Fiat Chrysler (NYSE:FCAU) is desperate. The company is an also-ran in its home European market and late to the party in China. The only assets of…
- Baidu to launch driverless car in China – Indiatoday: China’s web service giant Baidu is set to launch its self-driving car in the second half of this year. The announcement was made by Baidu’s senior…
- Renault & Nissan lead all car makers in EV sales – Ecomento: The joint alliance between Nissan and Renault has more EV sales than any other car maker. Together, they have sold 238,000 electric cars – almost…
- Infineon heads electric car projects – Electronicsweekly: Three EC-backed electric car R&D initiatives kick off today – 3Ccar, … In electric vehicles, on average about 50% more electronic components and…
- Nissan launches 7-seat battery NV-200 – Wheels24: Nissan will launch what it claims is the world’s first batteries-only “versatile and practical” seven-seater based on its e-NV200.
- Nissan’s Jeff Kuhlman on creating clarity in a world of confusion – Prweek: Nissan’s vice-president of comms has a fiendishly complex task on his hands. His job is to present a coherent global brand expression for the car giant…
- Volkswagen India to ramp up localisation of its 1.5-litre diesel engine – Motoroids: Phase one included Volkswagen India taking delivery of some 25 components that make up this 1.5-litre oil burner from 18 local suppliers.
- Infiniti tie-up with Nest to give ‘smart cities’ a boost – Scmp: Infiniti Motor has teamed up with Hong Kong-headquartered business incubator Nest in an accelerator programme for technology start-ups focused on…
- Fiat Chrysler CEO seeks activist help for GM merger (GM) – Seekingalpha: Fiat Chrysler Automobiles’ Chief Executive Sergio Marchionne is reaching out to hedge funds and other potential allies to prod General Motors…
- Tesla Motors Trading 3.3% Higher After Analyst Upgrade (TSLA) – Lulegacy: Tesla Motors logo Tesla Motors (NASDAQ:TSLA) traded up 3.3% during mid-day trading on Monday after Robert W. Baird raised their price target on…
- Tesla Motors Downgraded by Vetr Inc. to Sell (TSLA) – Dakotafinancialnews: Tesla Motors logo Tesla Motors (NASDAQ:TSLA) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a note issued…
- Ford set for Le Mans comeback – Drive: The blue oval has notified media that it plans to make a “major Ford Performance news announcement” in Europe on Friday, headed by the company’s…