Top News:
- UK: Global light vehicle market flat in June – Just-auto: Data released by LMC Automotive shows that the global light vehicle market in June posted an annualised result similar to the previous month at around 87.2m units a year. The flat result was shaped by a decline in sales in China, Brazil and Russia while the US and West European markets posted growth.
- Honda’s car-less CEO holding out for dream wheels — the Civic Type R – Automotive News: When Takahiro Hachigo returned to Japan in March after years overseas to be the new CEO of Honda, he didn’t rush out to buy a new car, Honda brand or otherwise.
- Howes: Good times, big expectations clash in auto talks – Detroit News: Instead of ensuring some measure of stability, surging sales and fat U.S. profits challenge Big Three’s status quo.
- Second company probed for air bag inflator malfunctions – Detroit News: NHTSA is investigating ARC Automotive, which made air bag inflators for some older Fiat Chrysler and Kia vehicles
- Today’s FCA-UAW handshake to set stage for hotly contested talks – Automotive News: With negotiations kicking off this month between U.S. automakers and their main domestic labor union, talks involving Fiat Chrysler Automobiles are poised to be the most contentious.
- SOUTH KOREA: Hyundai-Kia cuts global sales forecasts – Just-auto: Hyundai Motor and affiliate Kia Motors have reduced their internal global sales forecasts for 2015 by up to 10%, according to local reports.
- Russia’s falling car market to steady in autumn says Ford Sollers CEO – Vedomosti – Reuters: MOSCOW, July 14 Russia’s floundering auto market could stabilise in the second half of this year, the head of Ford Motor Co’s Russian venture told…
- Volvo buys Sweden’s Polestar to offer high-performance cars – Reuters: Volvo has bought Polestar Performance AB, a company that takes the classic Swedish cars and turns them into high-performance versions for the road
- Tesla’s CTO envisions a future in which low cost batteries change everything – Fortune:
- G.M. Is First of Big 3 to Open Contract Talks With the U.A.W. – New York Times: Conditions have improved since American carmakers negotiated their existing contract with the United Auto Workers union four years ago.
- Kandi Jumps on Electric Vehicle Order as China ADRs Gain in U.S. – Bloomberg: Kandi is just one example of China’s electric-vehicle market, which has … China has been encouraging electric-car use to help cut emissions and…
- GM’s $600 Mil Victims Fund Completes Claims – Detroit Bureau: The team administering the compensation fund for victims of General Motors faulty ignition switches, led by Kenneth Feinberg, has processed the last of the more than 4,000 claims filed seeking monetary damages.
- Jaguar recall shows how software glitches are the new speed bump – Fortune:
- Man fired over anti-gay posting sues Ford, job firm – Freep: A contract engineer is suing his employer, as well as Ford, for discrimination after losing an automotive design job because he posted comments…
- Tesla Battery Customer Advanced Microgrid Raises $18M Series A – WSJ: Tesla Battery Customer Advanced Microgrid Raises $18M Series A … one of Tesla Motors Inc.TSLA +0.72%’s first battery customers, has secured $18…
- Lawsuit Against General Motors Tests Attorney-Client Privilege – New York Times: But General Motors is facing a challenge to that protection as it fights a barrage of lawsuits over defective ignition switches that have resulted in more…