Top News:
- No EV pollution at point of use? Think again – Just-auto: Electric, hybrid and other eco-friendly cars kick out as many toxins as diesel vehicles, according to scientists who say greener vehicles produce more tiny particles from tyre and brake wear because their batteries make them heavier.
- TCI partner says VW campaign its own initiative, not backed by others – Reuters: In a letter to Volkswagen’s executive and supervisory boards on Friday, TCI said it wanted to see a complete overhaul of the firm’s executive pay …
- Takata projects second annual loss on airbag recall charges – Automotive News: Takata said it will probably report a second consecutive annual loss, pointing to the growing financial toll its airbag recalls were having even before the U.S. ordered the supplier to double the number of devices that will be replaced.
- Car parts maker Bosch to open business, hire staff in Iran – Reuters: FRANKFURT German auto parts supplier Robert Bosch is opening an office in Tehran and plans to hire 50 staff by the end of this year because it sees …
- Elon Musk’s Tesla Strategy: Win Big by Falling Short – Bloomberg: Musk said he plans to go from making about 50,000 electric cars a year to 500,000-by … He now projects a million annual electric car sales by 2020.
- Demand for imported cars in S. Korea cools after VW scandal, tax change – Reuters: Sales of imported vehicles in South Korea fell 4 percent to 73,844 vehicles from … earlier forecast of a 4.6 percent rise in foreign car sales in South Korea. … that remained flat, according to the association’s data provided to Reuters.
- French union wades into EUR7m Ghosn salary debate – Just-auto: Renault’s moderate CFDT union is slamming the automaker’s board decision to rubber stamp CEO, Carlos Ghosn’s EUR7.2m (US$8.2m) salary as…
- Nissan posts flat China sales, seeks to focus on small, no-frills cars – Reuters: Nissan said it was still aiming to sell 1.3 million vehicles this year in China. … SS), helping to erode the market share of foreign car makers in China. … Seki, Nissan’s China chief, told Reuters last month on the sidelines of the Beijing …
- Honda expands Takata recall by 20m cars – Just-auto: Honda said it was broadening its recall of cars with faulty Takata airbags by a further 20m cars globally, according to local reports.