Top News:
- GERMANY: Construction of new Opel powertrain facility on track – Just-auto: Opel has said that the construction of a seven-storey powertrain testing and engineering building at Russelsheim is proceeding according to plan.
- Philippines sets $600 mln in incentives to boost falling car output – Reuters: The Southeast Asian nation’s automobile sector, dominated by Japanese car … Most car companies in the Philippines have opted to import complete…
- US: GM invests in Michigan components plant – Just-auto: General Motors has announced it will invest US$119m in tools and equipment to support production of future vehicle components at its Grand Rapids Operations, creating approximately 300 future jobs.
- BRIEF-Toyota chairman: yen weakness vs dollar ‘not bad’ but recent moves are unstable – Reuters: June 2 Toyota Motor Corp Chairman Takeshi Uchiyamada says: * Yen weakness versus dollar ‘not bad’ but recent moves are unstable Further…
- Ford Figo Aspire Sedan India Launch Likely in August, Bookings Open; Everything You Need to … – Ibtimes: If latest reports are to be believed, Figo Aspire, the hotly anticipated compact sedan
- Export worries knock Hyundai Motors – FT: Stock falls as sliding yen fuels fears over S Korean carmaker’s price competitiveness abroad For UAW members, two-tier wage issue is personal – Reuters: For United Auto Workers union members Jermaine and Akema Austin, a two-tier wage system at General Motors Co is not just business, it’s personal.
- Exclusive: Fiat Chrysler delays many future vehicle programs – Reuters: Fiat Chrysler Automobiles in the past year has delayed the redesign or release of at least a dozen current or new vehicles in North America, according to suppliers familiar with the company’s plans. The unusual number of delays could let the automaker defer billions of dollars in investment while searching for a partner.
- 2016 Ford Edge, Fiesta first to get Sync 3 – Freep: Ford announced today that its third-generation Sync 3 system will debut this summer as an option on the 2016 Ford Fiesta and Ford Escape.
- Ford to make 40000 more vehicles by cutting summer downtime – Reuters: Ford Motor Co said it will produce nearly … Cars with older Sync systems will not be able to be upgraded to the new…
Other news, rumors, and gossip:
- Carmakers need to fear for their lives-and it’s not just about getting electric cars right – Qz: One major carmaker after another-Tesla, BMW, Toyota, and now Ford-is making its cutting-edge electric car patents available for use by their rivals,…
- Renault rules out US return – Leftlanenews: A few weeks ago, an enigmatic trademark filing uncovered by German media outlets seemingly hinted Renault was in the early stages of planning a…
- Fiat-Chrysler accuses former Australia bosses of defrauding company – Performancedrive: In shocking local news, Fiat-Chrysler Australia is aiming to freeze the assets of its former Australian chief in the latest chapter of an ongoing legal brawl…
- Tank Destroyer hits on a Porsche Cayman in China – Carnewschina: An interesting car crash in China where a PTL-02 tank destroyer crashed into the flank of a bright yellow Porsche Cayman sporty car. The accident happened at noon in a tunnel in the great city of Chongqing. The PTL-02, apparently without any police escort, wanted to change lane for unknown reasons, and hit on the []
- Tesla Motors’ 12-Year History, Told in Just Two Minutes – Video – Autoevolution: Tesla Motors might be a young company, but its quick rise to the top of the automotive world happened in just 12 years, and there’s no sign of lifting…
- Volkswagen blames salesclerks for gaffe – Koreatimes: Volkswagen Korea has been accused of using a dubious marketing tactic which could subject the German carmaker to scrutiny from the Fair Trade…
- PAG close to selling Daimler Japan properties in $800 million deal: Sources – Economic Times: TOKYO: Hong Kong-based investment firm PAG is in the final stages of selling for at least 100 billion yen ($800 million) properties it bought from…
- Tesla Motors co-founder wants to electrify commercial trucks – Yakimaherald: Wright helped bring electric cars to market when he co-founded Tesla Motors a decade ago. Now he’s targeting trucks that deliver packages, haul…
- VIDEO: Renault Kwid – why the crossover is so cheap – Paultan: Last week saw the introduction of the Renault Kwid, a compact, inexpensive A-segment crossover, targeted at the hyper-competitive Indian market but…