Top News:
- Dutch government wants to ban petrol and diesel cars – Autocar: Dutch Labour party wants to halt the sales of petrol and diesel cars by 2025; is this the beginning of the end for the mass-produced combustion engine?
- Tata Motors to resize diesel engines to skirt New Delhi ban – Reuters: The New Delhi ban on the sale of cars with diesel engine capacity higher than 2 litres was imposed in December and has hurt carmakers such as Tata …
- Kia’s $1 billion Mexico plant stalls as `Brazen One’ spurns pact – Automotive News: For Kia, Mexico’s historic car boom isn’t working out as planned. A dispute with a recently elected state leader may prevent the start of production next month at a northern Mexico car factory representing more than $1 billion in investmentV
- Daimler Plowing $3 Billion into Diesel Development – Detroit Bureau: Daimler AG is investing $3 billion into diesel engine development as it launches a new EV that goes 300 miles on a charge.
- Morgan Stanley: People Might Be Worried About Subprime Auto Bonds Because of the ‘Big Short … – Bloomberg: Auto loans made to risky borrowers and then bundled into bonds sold to investors have been making headlines for years, with some voicing concerns…
- Tavares cites PSA “panache” in turning profit – Just-auto: PSA Peugeot Citroen says it does not have a “magic wand,” but is pointing to its significant achievements in stemming financial losses and posting a major profit of EUR1.2bn (US$1.6bn) for last year.
- Tesla cites its own ‘hubris’ behind slow rollout of Model X – Just-auto: Among the factors cited by Tesla as causes behind slow sales of the Model X in the first quarter are the company’s own “hubris in adding far too much new technology to the Model X in version 1”.
- Mazda CX-4 teased ahead of Beijing motor show – Autocar: Crossover inspired by Koeru concept set to make debut next month; expected on sale in 2017
- Ford plans new small car factory in Mexico – Just-auto: Ford said it would boost its competitiveness by spending US$1.6bn ona new small car plant in in San Luis Potosi state, Mexico.
- Renault pledges to reduce NOx from new diesels – Automotive News: Renault will apply measures to reduce the nitrogen oxide emissions from its diesel vehicles starting in July, the automaker said in a statement.
- Daimler confirms HERE in talks with Amazon, Microsoft – Reuters: Earlier this month sources told Reuters that Amazon and Microsoft were in talks … from sensors on board thousands of Mercedes, BMW and Audi cars.
- Toyota wants to sell data on your driving habits – Nikkei: Toyota Media Service, a Toyota group company based in Nagoya, central Japan, has recently created Toyota Connected, in Plano, in the U.S. state of…
- Top Chinese carmakers plot major push into India – Reuters: China’s top carmaker SAIC Motor Corp and Great Wall Motor , its biggest maker of SUVs, are spearheading the country’s first major push into India, one of the world’s fastest growing auto markets, as growth at home stagnates.
- BRIEF-Volvo names Lars Stenqvist as new head of Trucks Technology – Reuters: * Says Lars Stenqvist joins Volvo group management as Executive Vice President of Volvo Group Trucks Technology, the Volvo Group’s technology and product development organization for trucks
- BRIEF-Ford’s Lincoln says China Q1 vehicle sales 5,484 units – Reuters: * China Q1 2016 vehicle sales 5,484 units Further company coverage: (Reporting By Beijing Monitoring Desk)
- Kia eyes further UK market growth from hybrid – Just-auto: Kia is experiencing rapid sales growth in the UK car market this year from its new Sportage model and expects incremental growth with the addition of the Niro hybrid later this year.
- Mercedes-Benz posts highest ever monthly sales on China demand – Reuters: … percent in March, thanks to a 26.6 percent sales jump in China, which offset a 6 percent drop in the United States, parent company Daimler (DAIGn.
- PSA to build on global challenges in Push to Pass plan – Just-auto: PSA Peugeot Citroen says it wants to embrace the challenges of the current “sometimes chaotic” environment in its ‘Push to Pass’ initiative launched yesterday (5 April) in Paris.
- Mazda readies new turbocharged rotary engine – Autocar: Patent documents hint at plans to introduce a new turbocharged Wankel rotary engine, following the debut of the RX-Vision concept at last year’s Tokyo motor show
- Daihatsu says no decision yet on which auto market to enter next – Reuters: Toyota Motor Corp, the world’s largest automaker, in January announced it would buy out the shares in Daihatsu it didn’t already own in a deal worth …
- Analysis: can Tesla meet demand? – Autocar: With more than 276,000 deposits for the Model 3 since launch last week, the car is a runaway success for Tesla, but doubts as to whether Tesla can meet the demand refuse to die down
- Daimler Sees Earnings Momentum Growing as E-Class Sales Pick Up – Bloomberg: Daimler AG expects profit momentum to build in the course of 2016 as the German carmaker reaps the rewards of an overhaul of the Mercedes-Benz…
- Renault pledges to reduce NOx emissions on diesel vehicles from July – Automotive News: Renault will apply measures to reduce the nitrogen oxide (NOx) emissions of its diesel-engined vehicles from July, the automaker…
- BRIEF-Honda’s March China vehicle sales rise 14.8 pct y/y – Reuters: April 6 Honda Motor Co Ltd says: * March China vehicle sales total 97,004, +14.8 pct y/y, versus -7.8 percent in Feb. * Jan-March China vehicle sales …
- Daimler sees better second-half after new E-Class, weak trucks weigh on first quarter – Reuters: BERLIN Daimler (DAIGn.DE) said it expected its business to improve later in the year, after the introduction of its new E-Class model, strong demand …