Top News:
- VW’s New Emission Disclosure Under Review by German Prosecutors – Bloomberg: A separate case would be necessary since the accusations involve other cars … in 2015 and 5.7 percent in 2016, data compiled by Bloomberg shows.
- Toyota cuts full-year sales forecast on sluggish Asian recovery – Reuters: But it is a different story in Southeast Asia, the Middle East and other emerging regions, where Toyota has a bigger presence than other car makers,…
- Maserati Boom Stalls as Output Cuts Expose Fiat’s Luxury Limits – Bloomberg: Maserati, known for cars like the $99,900 Quattroporte sedan, will halt production for six weeks in the next two months, including four consecutive…
- VW’s sales fall nearly 10% in UK, but other car brands also slide – Guardian: The engine for an Audi A3 in production at the VW factory in Ingolstadt, Germany. Sales of Audi cars are up 2.2% in the UK. Photograph: Bloomberg…
- Early signs of VW impact in slowing European car sales growth – Reuters: Registrations rose to 1.06 million cars last month from 1.03 million the previous October, based on published national data and smaller market…
- Honda Skids While Toyota and Nissan Speed Ahead – WSJ: Japan’s auto makers are reminding investors why spending too much time in emerging markets can cause whiplash. The three big Japanese car…
- Chinese-Backed Startup Targets Tesla With $1 Billion U.S. Plant – Bloomberg: The problem with electric cars has been that they lose money, and with cheap gasoline, American consumers are increasingly buying SUVs and…
- CHINA: Chang’an to lift R&D expenditure – Just-auto: Chinese state-owned automaker Chang’an Automobile Group said it would spend around CNY30bn (US$4.74bn) on R&D over the next five years to strengthen new product development.
- Faraday Future Aims to Take on Tesla Motors With $1 Billion Investment – WSJ: Faraday is one of several companies attempting to create an electric car to compete with Tesla. Ateiva Inc., backed by Beijing Automobile Industry…
- Ghosn says Renault-Nissan alliance poised to win big when Russia rebounds – Automotive News: Renault-Nissan CEO Carlos Ghosn says the alliance’s brands — including Lada, Datsun and Infiniti — are well positioned to benefit once…
- US trade chief defends Pacific trade deal auto rules – Reuters: The Trans-Pacific Partnership (TPP) will cut trade barriers for a dozen nations but has angered U.S. car makers and some lawmakers by stopping…
- Mazda to stop using Takata air bag inflators containing ammonium nitrate – Reuters: “We will not use Takata air bag inflators which contain ammonium nitrate in our new cars,” Akira Marumoto, Executive Vice President Akira Marumoto…
- Renault directors defend pro-CEO stance in French scrap – Reuters: Renault owns a 43.4 percent controlling stake in Nissan, which in turn holds a … Such a move would require Renault to cut its Nissan stake.
- VW crisis begins to hit sales hard – Guardian: Volkswagen sold 947 cars in South Korea in October, the first full month since the emissions scandal broke, according to the Korea Automobile…
- Toyota says cautious on Asia market outlook, to continue using highest-quality inflators – Reuters: TOKYO Toyota Motor Corp (7203.T) on Thursday said it was cautious on its outlook for the Asian market, after it cut its full-year revenue forecast to…
- Subaru maker boosts profit 41% on higher N.A. sales, weak yen – Automotive News: Fuji Heavy, the maker of Subaru vehicles, reported a 41 percent surge in operating profit in the latest quarter, helped by higher sales in North America and advantageous exchange rates.
- Renault independent directors object to govt double-voting rights plan – Reuters: “The board considers this alliance as essential for the continuity of Renault and that the adoption of a double vote would be a destabilising factor,” the…
- Mazda strikes gold again with the MX-5 Speedster and Spyder – Autocar: Soul of Motion design language is continuing to turn out some fine-looking cars The phrase ‘design language’ is a funny old one.
- Toyota Q2 profit jumps, but annual sales forecast trimmed – Reuters: Toyota Motor Corp reported a jump in quarterly … Toyota has topped the leader board for global auto sales in the past few…