Top News:
- Five Things to Know About Didi After Apple Invested $1 Billion – Bloomberg: What started as a service for hailing taxis has morphed into a company that offers ride-sharing, bus hiring, chauffeur services, auto financing and…
- Fuji Heavy Industries to become Subaru Corporation – Just-auto: Fuji Heavy Industries will officially change its name to Subaru Corporation on 1 April, 2017, as part of a plan to increase the recognition of the Subaru brand.
- Alfa Romeo’s 510-Horsepower BMW Killer – Bloomberg: Come on, take one here on the track and you’ll see,” Marchionne, who used to drive cars from the German luxury brand before joining Fiat in 2004,…
- BRIEF-Volkswagen April group sales flat – Reuters: May 13 Volkswagen AG says. * April group sales flat at 853,300. * April group sales in U.S. down 3.6 percent, China up 0.1 percent, Europe up 3.8 …
- German transport regulators summon Fiat, Opel for meeting next week – Reuters: Regulators with the KBA Federal Motor Transport Authority have also summoned Opel (GM.N) to the meeting, he said. Fiat declined to comment.
- Apple’s Cook Struck $1 Billion Deal With China’s Didi in 22 Days – Bloomberg: Didi operates in 400 Chinese cities with 14 million registered drivers, offering services from taxis and private cars to social ride sharing and test driving…
- Toyota Prius+ gets quieter cabin and new tech for 2016 – Autocar: The Prius+ MPV features an upgraded infotainment system and a quieter cabin and CVT transmission as part of its latest update
- BMW April sales set more records – Just-auto: BMW, Mini and BMW Motorrad(motorcycles)all achieved new sales records in April as 179,285 group automobiles were delivered to customers around the world, up 1.9% year on year.
- BMW Brazil to export X1 SUVs to US – Just-auto: BMW’s Araquari assembly plant in the state of Santa Catarina will begin exports of 10,000 units of the X1 small SUV to the USin July.
- Toyota Innova Crysta deliveries commence; MPV priced at Rs. 13.83 lakh – Ibtimes: Toyota Kirloskar Motor (TKM), Indian subsidiary of Japanese car maker Toyota, began delivering the new generation Innova MPV, christened as…
- Ford’s Europe sales rise 6.3% in April – Detroitnews: Ford Motor Co. on Friday said its sales in Europe last month rose 6.3 … Ford’s commercial sales were up 18.9 percent and market share rose 12.3…
- VW drives its bonds to China – FT: Volkswagen’s financial arm said it sold Rmb2bn (EUR270m) of bonds on the mainland – the first renminbi bond issued by the company, writes Patrick…
- COMMENT – Nissan-Mitsubishi alliance good news for both automakers – Just-auto: Nissan Motor confirmed this week that it has signed an agreement to acquire a 34% stake in Mitsubishi Motors, in a deal worth JPY247bn (US$2.17bn).
- NEVS acquires 50% of New Long Ma facility – Just-auto: National Electric Vehicle Sweden (NEVS) has formally signed the contract to acquire a stake in the New Long Ma manufacturing company in Fujian.
- Takata recalls clobber Honda Q4 results – Just-auto: Honda Motor on Friday announced a surprise net loss for the fourth fiscal quarter of the year to 31 March 2016 as quality-related costs, mostly to recall…
- China Automotive Q1 net income down to US$5.7m – Just-auto: China Automotive Systems (CAAS) has unveiled first quarter net income down from US$8.5m to US$5.7m, while net sales fell5.5% to US$116.9m.
- Apple to invest $1bn in Chinese ride-hailing service – Nikkei:
- VW sales rise for first time since emissions scandal – Guardian: Volkswagen’s cars sales across Europe returned to growth last month for the first time since the diesel emissions scandal broke last September.
- BRIEF-Honda to recall 21 mln more vehicles to fix Takata air bags – Bloomberg – Reuters: BRIEF-Honda to recall 21 mln more vehicles to fix Takata air bags – Bloomberg. May 13 (Reuters) -. * Honda To Recall 21 Million More Vehicles To Fix …
- BRIEF-Honda exec: agrees with NHTSA’s view on root cause of Takata air bag defects – Reuters: May 13 (Reuters) -. * Honda exec: agrees with NHTSA’s view on root cause of Takata air bag defects. * Honda: set aside recall costs for all air bag …
- BMW, Toyota roadster will be built by Magna Steyr, report says – Automotive News: BMW and Toyota have picked Magna Steyr to build their upcoming roadster developed from a joint platform, according to a report.
- What Apple’s Investment in Chinese Car Hailing Giant Didi Really Means – Fortune: The country’s top car hailing startup Didi Chuxing (formerly Didi Kuaidi) said today it had accepted $1 billion from Apple AAPL -2.35% as part of an…
- Honda Posts Quarterly Loss as Air-Bag Recall Costs Surge – WSJ: For the year that ended in March, Honda posted Y=344.5 billion in net profit, a 32% decline from a year earlier. Its full-year revenue was Y=14.6 trillion.
- Exploding airbags send Honda profits into the red – FT: For the 2016-2017 fiscal year, Honda forecasted a 13 per cent increase in net profit to Y390bn. Revenue is expected to decline 5.8 per cent to Y13.8tn.
- Honda to Recall 21 Million More Vehicles to Fix Takata Air Bags – Bloomberg: Developing… Before it’s here, it’s on the Bloomberg Terminal. Honda Motor Co Ltd. Apple Backs Didi With $1 Billion in Blow to Uber in China.
- Honda forecasts 13.2 pct increase in FY net profit on sales growth – Reuters: Honda assumes the dollar will average 105 yen this year, compared with around 108 yen at the moment. ($1 = 108.5800 yen) (Reporting by Makiko …
- BRIEF-Honda assumes average dollar rate of 105 yen in fy2016/17 – Reuters: Honda Motor Co : assumes average dollar rate of 105 yen in fy2016/17. * sees fy2016/17 global sales of 3,745,000 cars. * sees fy2016/17 Japan sales …
- Honda Profit Forecast Misses Estimates on Yen, Quality Costs – Bloomberg: Honda Motor Co. forecast profit that fell short of analyst estimates, citing quality control costs and stronger yen. Net income will probably rise to 390…