Top News:
- Hubris Hurts Launch of Tesla Model X – Detroit Bureau: Technical problems, along with the company’s own “hubris” led to a shortfall in first quarter production at Tesla Motors, primarily of the new Model X battery-electric SUV. Will similar problems plague the planned roll-out of the new Tesla Model 3? More from TheDetroitBureau.com
- PSA targets North America return with ten-year plan – Just-auto: PSA Peugeot Citroen says it has a ten-year plan to return to the US, but will initially test the market with mobility operations such as car sharing to gauge a feeling for customer preferences.
- JPMorgan Chase teaming up with Maserati – CNBC: The Italian automaker, which is owned by Fiat Chrysler Automobiles NV, joins existing Chase Auto Finance partners Jaguar Land Rover, Mazda,…
- Angry motorists queue for fuel across Nigeria – Reuters: LAGOS, April 5 Angry motorists queued overnight at petrol stations across Nigeria and lines of cars blocked traffic in the commercial capital Lagos on …
- COMMENT: The make or break road ahead for Tesla’s Model 3 – Just-auto: Tesla unveiled its Model 3 last week and it’s already clear that the model is going to be of great significance to both Tesla Motors and the future of the burgeoning electric vehicle segment.
- Toyota brake system supplier to boost capacity – Just-auto: Advics, a Japan-based supplier of braking systems to Toyota, is to raise capital in order to boost its production capacity.
- Ford Invests $169 Million in South Africa for New Everest SUVs – Bloomberg: Ford Motor Co. will invest 2.5 billion rand ($169 million) in the U.S. automaker’s South African operations to start production of the Everest sport-utility…
- NYPD Horse Stable Now Home to $1 Million Worth of Classic Cars – Bloomberg: The Classic Car Club Manhattan has a brand new space on Pier 76. … This year alone it has hosted debuts for new Singer Design vehicles, Cadillac…
- China’s ZTE names new management in wake of U.S. export restrictions – Reuters: China’s ZTE Corp, in a routine management reshuffle, has replaced three senior executives alleged to be the main signatories to documents purportedly showing the company made efforts to dodge sanctions against Iran.
- Peugeot Shares Fall as New Profit Targets Disappoint – WSJ: Shares in PSA Peugeot Citroen declined by up to 7% as profit margin targets the French car maker announced in its new five-year strategic plan disappointed investors.
- Ghosn welcomes rush of Tesla Model 3 preorders – Automotive News: Ghosn, who is positioning electric cars as a pillar of Nissan’s corporate … Together with French partner Renault SA, Nissan is the world’s EV sales…
- PSA invests in ‘Koolicar’ P2P carshare firm – Just-auto: PSA Peugeot Citroen has invested peer-to-peer (P2P) carsharing start-up Koolicar, becoming a shareholder alongside MAIF, Koolicar’s historic partner since 2010. The transaction represents a total amount of EUR18m, PSA said.
- Mercedes starts Romanian output of 9-speed auto – Just-auto: Daimler’s Romanian subsidiary Star Assembly has started production of the 9G-Tronic nine-speed automatic transmission.
- Ford expands S. African plant to make Everest, Ranger – Freep: Ford is investing $170 million to expand a plant in South Africa where it will produce a its Everest SUV and boost output of the new Ranger pickup…
- Why Your Teenager Shouldn’t Have a New Car – WSJ: Funny thing is that it gets my daughter to school and her jobs just as well as any other vehicle. We focus more on teaching her how good the inside of…
- Three Ways Automotive Tech Will Reshape Our Lives Beyond Cars – Forbes: Elon Musk’s Tesla just stomped through the electric car market with whopping pre-order earnings for a car that won’t even be on the road for at least a…
- Subaru and Prodrive team up for Isle of Man record attempt – Autocar: Iconic pairing develop purpose-built WRX STI for Mark Higgins to drive at the 2016 TT
- Toyota sales, dealer survey point to rebound in China auto market in March – Reuters: On the same day, the China Automobile Dealers Association said at its monthly … Car sales growth in China ground to a halt last year as the economy …
- Peugeot pledges sales drive in new mid-term plan – Reuters: French carmaker PSA Peugeot Citroen outlined plans for international expansion and a push into after-sales services, seeking to convince investors it can follow a lightning turnaround with sustained improvements in profitability.
- GM South Korea union riled by decision not to build Impala sedan in country – Reuters: The trade union that represents most workers at General Motors Co’s South Korea operations said on Tuesday it will contest the U.S. automaker’s decision not to build Impala sedans in the country, amplifying tension in labor relations ahead of annual wage talks between management and union.
- Ford pumps $167 million into South African factory – regional head – Reuters: Ford Motor Co will invest 2.5 billion rand ($167 million)to expand its factory in South Africa in order to build a new model that would be exported elsewhere on the continent, its regional head said on Tuesday.
- Hyundai Motor announces connected car roadmap – Just-auto: Hyundai Motor Group has presented its roadmap for connected car development and says it will collaborate with leading global IT and networking…
- South Koreans’ sales continue growth in March – Just-auto: Domestic sales by South Korea’s five main automakers continued to grow strongly in March, by 11.7% to 148,848 units from 127,216 units a year earlier, according to data released individually by the vehicle manufacturers.
- Toyota partners with Microsoft for connected car technology featuring Azure cloud computing – Ibtimes: Toyota has announced the launch of a new company in collaboration with Microsoft to develop the so-called connected car technology, which will…
- Ford invests $170M, creates 1200 jobs in South Africa – Detroitnews: Ford has the capacity to build about 10,000 Everest SUVs a year in Silverton, South Africa. (Photo: Ford Motor Co.).
- PSA triples profit target as new cars lead growth push – Automotive News: PSA/Peugeot-Citroen tripled its profit target with a program to roll out 26 new cars, eight commercial vehicles and a pickup truck…
- Electric powertrains will “reinvent the car” says Jaguar design chief – Autocar: Electric vehicles offer an opportunity to completely repackage car interiors, says Ian Callum, as Jaguar is poised to launch its EV range in 2017
- Toyota launches new company, teams up with Microsoft on internet-connected vehicle services – Ibtimes: Japanese car-maker Toyota Motor Corporation has launched Toyota Connected, Inc., a new company that will serve as a data science hub for…