Top News:
- GM’s sales drop in August highlights automaker divide in China – Reuters: General Motors Co reported on Monday its biggest drop in China sales in five months for August as global automakers struggle with a deepening economic slowdown and slumping equities in the world’s largest auto market.
- Nissan to preview upcoming Z car with new crossover concept – Autocar: Nissan’s official teaser image shows off the car’s styling Radical next-gen Zed to be previewed by baby SUV concept at Frankfurt – and it’s due on sale by 2017
- Why won’t GM play ball with Marchionne? – Automotive News: Sergio Marchionne’s fixation with a General Motors merger says a lot about how he views the future prospects of FCA as a standalone entity. And GM’s reticence to engage says a lot about how Mary Barra and Co. view their own.
- BRIEF-SAIC Motor’s vehicle sales inches down in August – Reuters: Sept 7 SAIC Motor Corp Ltd. * Says sold 429,164 vehicles in August, down from 429,461 vehicles year ago. Source text in Chinese: bit.ly/1VIpvSo.
- Uber’s China Rival Said to Raise $3 Billion in Latest Financing – Bloomberg: Didi Kuaidi, the Chinese car-booking business competing with Uber Technologies Inc., is close to raising about $3 billion as it completes its latest…
- BRIEF-Nissan says August China vehicle sales -5.5 percent y/y – Reuters: Sept 7 Nissan Motor Co Ltd says: * August China vehicle sales total 89,000, -5.5 percent y/y, versus -13.9 percent in July. * Jan-August vehicle auto…
- BRIEF-GM says August China vehicle sales -4.8 percent y/y – Reuters: Sept 7 General Motors Co says: * August China vehicle sales total 248,815, -4.8 percent y/y, versus -4.0 percent in July. * Jan-August China vehicle…
- Stock market, China don’t slow Aug. sales pace – Automotive News: American consumers bought new cars and trucks at a brisk pace in August, and they’re likely to continue doing so in September, despite falling stock prices and worries about the Chinese economy.
- Golf family’s sizzling sales spur hope for VW comeback – Automotive News: The Golf family is having an outsize effect on VW’s performance in the U.S. market, and its success is a function of changes in manufacturing and product planning that could ultimately strengthen the rest of the brand’s lineup.
- Jeep pickup ahead; diesel Wrangler possible – Automotive News: Fiat Chrysler’s plan to expand Wrangler production in Toledo, Ohio, not only means a Wrangler-based pickup is on the way, but it makes possible a diesel-powered Wrangler for the U.S.