Top News:
- Elon Musk’s vision is not for the faint of heart – Automotive News: Leave it to Elon Musk to make a company’s stock jump nearly 5 percent a day after reporting widening losses — all in the middle of a market selloff.
- Renault CEO: Will Do Whatever It Takes to Sustain Avtovaz – Bloomberg: Renault pledged to support AvtoVAZ as Russia’s largest automaker warned it may not survive without help from shareholders after the collapse of the…
- Volkswagen group sales return to growth in January – Reuters: Volkswagen group sales returned to growth in January, bolstered by demand in China, where core brand VW posted its best…
- Passenger vehicle sales in India seen growing up to 12 pct next fiscal year – Reuters: To further boost sales, SIAM, in the union budget, is seeking a reduction in excise duty tax on big cars to 20 percent from as high as 30 percent today,…
- VW takes a January sales hit in Europe – Just-auto: Analysis of the ‘Big 5’ national European car markets by JATO shows that the Volkswagen brand took a hit in the January market as it suffered a sales fall in a growing market.
- East Europe’s Economies Boom as Region Bucks Global GDP Slowdown – Bloomberg: Eastern Europe’s economic expansion, led by car manufacturing and rising domestic demand, is helping the region buck a global growth slowdown…
- Renault-Nissan’s Avtovaz unit to seek loans after record loss – Reuters: The maker of Lada cars, majority-owned by the Renault-Nissan alliance, said management was confident it could secure help from shareholders “at a…
- Mazda launches CX-9 production in Japan – Automotive News: Mazda Motor Corp. has started production of the redesigned CX-9 three-row crossover, a vehicle that plays an important roll in the brand’s…
- Daimler’s Mercedes sales chief reportedly to head R&D – Just-auto: Daimler’s Mercedes-Benz Cars sales and marketing chief Ola Kaellenius will move to head of research and development, German media reports said.
- BMW 7 Series 740e iPerformance to make its Geneva debut – Autocar: BMW’s new hybrid 7 Series has been revealed, and will go on sale this summer following its debut at the Geneva motor show next month. Dubbed the…
- Ghosn defends Renault in diesel emissions scandal – FT: Renault’s chief executive has launched a belligerent defence of the French carmaker in the face of investor concerns that it was being pulled into the…
- Ford Europe sales rose 9.7% in January – Freep: Ford sold 9.7% more vehicles last month in Europe than in January 2015, as SUVs, commercial vans and performance cars sold well. It was the…
- Mazda starts building redesigned CX-9 SUV – Just-auto: Mazda Motor Corporation has commenced production in Japan of the redesigned CX-9 three-row mid-size crossover at its Ujina Plant No.
- Renault Vows to Sustain Russia’s AvtoVAZ After Record Loss – Bloomberg: Russian car sales plunged 36 percent last year as the economy slid into what is now the longest recession since Vladimir Putin came to power in 2000…
- Renault’s AvtoVAZ Seeks Support After $930 Million Russian Loss – Bloomberg: AvtoVAZ Group, Russia’s largest automaker, warned it may not survive without help from shareholders led by Renault SA after reporting a record loss.
- Google Expands Hiring For Self-Driving Car Effort, Advertises Dozens Of Manufacturing Jobs – Ibtimes: A Google self-driving car is seen inside a lobby at the Google headquarters in Mountain View, California, Nov. 13, 2015.
- India Automakers See 12% Sales Jump Driven by More Rural Demand – Bloomberg: Buyers in rural India purchase about 35 percent of cars, SUVs and vans … Sales of cars, excluding sport utility vehicles and vans, fell 0.7 percent to…
- Renault Profit Surges 44% on European Demand for Kadjar SUV – Bloomberg: … in Europe on the back of new models including the Kadjar sport utility vehicle. … billion-euro average of eight analyst estimates compiled by Bloomberg. … out more SUVs like the Kadjar and plans to revive the Alpine sports car.
- The Dash-Cam App That Aims to Prevent Car Crashes – Bloomberg: It’s an app that plans to rate every car on the road, and predict and prevent … Bloomberg’s Middle East Editor, Elliott Gotkine, took it for a spin.