Top News:
- Chevy Volt Gets 53-Mile Battery-Only Range Rating From US – Bloomberg: The General Motors Co. (GM) Chevrolet 2016 Volt vehicle is unveiled during the 2015 North American International Auto Show (NAIAS).
- CHINA: LMC revises market forecast down – Just-auto: Automotive forecaster LMC Automotive has revised down its forecast for China’s car market this year in the light of recent industry data.
- German car sales up about 7 pct in July – sources – Reuters: FRANKFURT Aug 4 Sales of new cars in Germany rose about 7 percent in July to … The increase has extended the seven-month gain in new car sales in … million units, two sources familiar with the matter told Reuters on Tuesday.
- Car hacking: manufacturers must improve security following Jeep hack – Autocar: Car manufacturers should reconsider how quickly they bring new technology to market, according to the Institute of Electric and Electronics Engineers
- BMW steers sales away from China – FT: Manufacturer’s finance chief highlights dollar strength as driving move towards US
- Honda, Toyota Boost China Sales Amid Industry Slowdown – Bloomberg: Honda Motor Co. and Toyota Motor Corp. boosted sales in China last month, bucking an industrywide slowdown in the world’s biggest auto market.
- Vorsprung durch technik: US tech giants v Germany in the driverless car race – Guardian: A Google self-driving car on a test drive in Mountain View, California. … on an electric car or vehicle-related project that could be released by 2020.
- BMW says worsening China could put outlook at risk – Reuters: Its sales in China, the world’s biggest car market, fell in May and June after a … at 2.52 billion euros, ($2.76 billion), matched the average forecast in a Reuters poll. While global sales of BMW, Mini and Rolls-Royce cars increased 7.5…
- Hyundai cuts prices on SUVs to counter China slowdown – Reuters: South Korea’s Hyundai Motor Co cut the price of two sport-utility vehicle (SUV) models in China by as much as 11.8 percent, the company said on Tuesday, the latest carmaker to do so as a sales slowdown grips the world’s largest auto market.
- Toyota says not optimistic on China profitability; books record Q1 earnings – Reuters: China auto sales fell each month in the quarter as economic growth crawls at its slowest pace in 25 years, draining consumer sentiment. Analysts…
- Continental Raises 2015 Forecast on Lower Raw-Material Costs – Bloomberg: Continental AG, Europe’s second-biggest maker of car parts, raised its 2015 profitability goal as growth at Asian carmakers and lower supply costs…
- Toyota books third straight first-quarter profit record on cost cuts, currency gains – Reuters: … billion yen average estimate of 11 analysts polled by Thomson Reuters. … Sales in China, the world’s biggest auto market, have also been hit by…