Top News:
- Racing Baron’s Wind Farm Clinches Biggest Renewable Financing – Bloomberg: A 1.9 billion-euro ($2.1 billion) wind-farm project part-owned by a Scottish baron with a passion for vintage race cars secured this year’s biggest…
- GM Korea workers approve strike over pay, output – Automotive News: GM employees in South Korea voted today in favor of a strike over wages and production volumes, prompted by uncertainty over the automaker’s output plans as its labor costs in the country rise.
- Hyundai global sales fall for third straight month – Automotive News: Hyundai’s sales fell for a third straight month, dragged down by a slump in overseas deliveries as unfavorable currency exchange rates undermine its ability to compete against Japanese automakers.
- Japan’s top 3 automakers to spend $50 mln to subsidise hydrogen stations – Reuters: Japan’s top three automakers said on Wednesday they will spend up to 6 billion yen ($48.92 million) combined to subsidise the cost of operating hydrogen fuelling stations as the country aims to lead the world in developing cars that use the fuel.
- Tractor-trailer hitches may be faulty, 6K may be in use – Detroit News: NHTSA is investigating a potentially high rate of trailer separations for a hitch involved in a fatal crash
- Spain new car sales up 23.5 pct yr/yr in June – Anfac – Reuters: Spanish new car sales rose 23.5 percent year-on-year in June, manufacturers’ association Anfac said on Wednesday,…
- Puerto Rico Utility Close to Creditor Deal – Energy Journal – WSJ: Tesla Motors Inc. offers owners of its $76,200-and-up luxury sedans free charging at company-run stations, but those owners are complaining that…
- Automakers to report June sales today – Detroit News: Forecasters expect automakers sold anywhere from 1.1 million to 1.5 million vehicles in June, the best numbers since ’05
- GM Korea workers vote in favour of strike over pay, output – Reuters: General Motors Co employees in South Korea voted on Wednesday in favour of a strike over wages and production volumes, prompted by uncertainty over the U.S. auto maker’s output plans as its labour costs in the country rise.
- BMW production chief says could imagine building a car for Apple – Reuters: … Oliver Zipse said in response to a question about whether BMW could imagine building a car for a software or computer company such as Apple.
- Apple Project Titan car is ‘stealing staff and resources from other departments’ – Ibtimes: Apple’s autonomous car project is sucking resources and key employees away from other departments, just as the Watch did when staff described the…
- 493bhp Peugeot 308 R Hybrid could make production – Autocar: Peugeot Sport’s near 500bhp hybrid version of the 308 hatchback could make production, as PSA boss Carlos Tavares is seen testing the car
- CHINA: BYD stops exports to Russia – Just-auto: Chinese automaker BYD has suspended exports to Russia, blaming the conflict with the Ukraine and the depressed Russian currency for its lack of sales.
- Automakers wary of possible Greek exit from euro but see potential stability gain – Automotive News: “In view of the current development in Greece, the BMW Group continues to support a political solution that has as little an impact on the overall…
- NYC Council Joins De Blasio War on Uber With Bid to Limit Growth – Bloomberg: “We are facing 2,000 more cars coming onto our streets every month, overwhelmingly in the most congested and crowded areas of Manhattan,” said…
- New trim revealed for Nissan Leaf, next-generation model on the way – Autocar: New Acenta+ trim level features new wheels and is a pre-cursor to a next-generation model Nissan has expanded the electric Leaf trim range with a new Acenta+ version that will be released as a prelude to a next-generation model.
- Are we on the brink of an electric car revolution? – Guardian: If you come to the basic physics of an electric car, it is not supposed to be more expensive than a combustion engine.” Government subsidies for cars…
- Volkswagen, Peugeot lead 15 percent French car sales gain – Reuters: Registrations advanced to 225,645 cars last month after their biggest monthly … French car registrations for the first half of 2015 were up 6.1 percent.
- Reborn TVR to take deposits for 2017 sports car – Autocar: Revitalised TVR will bring four new sports car to market, starting in 2017, and will start taking deposits this month
- Luxury car sales slump amid faster expansion in China with buyers becoming rational – Automotive News: According to the sales of the eight luxury brands including Audi, BMW,Jaguar, Land Rover, Benz, Porsche, Cadillac and Infiniti, the Chinese…
- Japan Carmakers to Subsidize Hydrogen-Station Operating Costs – Bloomberg: Japan’s three biggest automakers plan to help cover the cost of operating hydrogen stations in the country to popularize cars powered by fuel cells.
- CHINA: “Levelling off” continues in China’s vehicle market – Just-auto: Anlaysis from LMC shows that the slowdown in China’s light vehicle market continued in May, with year-on-year growth in sales of locally-made models dropping to just 1.4%.
- New Honda Jazz, Hyundai Creta and Maruti S-Cross: July’s Most Anticipated Car Launches; What … – Ibtimes: Three of the leading auto makers, Honda, Hyundai and Maruti are rolling up their sleeves to launch their new cars and auto aficionados can certainly…