Top News:
- Nissan quarterly operating profit surges 20% on N.A. gains – Automotive News: North America powered Nissan to a 20 percent surge in global operating profit in the latest quarter thanks to hot-selling crossovers.
- Nissan May Use MPG Scandal to Take Control of Mitsubishi – Detroit Bureau: Japan’s second-largest automaker, Nissan Motors, may seek a major stake in embattled Mitsubishi Motors, using the smaller maker’s fuel economy cheating scandal to get a bargain. Find out more at TheDetroitBureau.com.
- Germany’s Premium Car Makers Fumble Response to Electric Challenge – WSJ: BERLIN-Germany’s premium car manufacturers are struggling to come up with a robust response to new competition from electric vehicle startups…
- What We Know About The LeSEE Tesla Killer From China – Forbes: In China, LeEco owns a stake in Beijing Electric Vehicle Corporation (BJEV), an EV maker under the Beijing Auto Industry Corporation (BAIC).
- western Europe and China offset the impact of negative foreign exchange movements and slowing or declining sales in emerging markets.
- Nissan takes major stake in scandal-plagued Mitsubishi – CBS News: Nissan is taking a controlling stake in scandal-ridden Japanese rival Mitsubishi Motors,. Nissan CEO executive Carlos Ghosn on Thursday…
- Nissan move for Mitsubishi will be Ghosn’s biggest test – Automotive News: The approach in many ways resembles the 1999 deal that enabled Renault under Ghosn to buy control of Nissan. Like Nissan in the late 1990s,…
- Nissan will take 34% controlling stake in Mitsubishi Motors – Automotive News: YOKOHAMA, Japan – Nissan Motor Co. today said it will invest 237 billion yen ($2.2 billion) to take a controlling 34 percent stake in Mitsubishi Motors.
- The Philippines chooses the ‘Punisher’ – Nikkei:
- Ghosn Eyes New Salvage Job With $2.2 Billion Mitsubishi Stake – Bloomberg: Nissan’s Chief Executive Officer Ghosn estimates each vehicle platform … “One development can be done and shared” for electric cars, autonomous…
- Why Tesla’s Mass-Market Car Should Scare Mercedes and BMW – Bloomberg: The Tesla advances and the threat of Apple entering the car business have led German brands to show lots of electric concept vehicles recently.
- Nissan and Mitsubishi Motors agree strategic alliance – Just-auto: Nissan Motor and Mitsubishi Motors Corporation, (MMC) announced they have signed a basic agreement today to form a far-reaching strategic alliance between the two Japanese automakers.
- Hyundai Elantra Goes Eco – Detroit Bureau: Traditionally one of the least environmentally focused brands, Hyundai has been making a major shift towards more eco-friendly products over the last few years, and the 2017 Hyundai Elantra Eco is the latest example. TheDetroitBureau.com checks out the 40 mpg compact sedan.
- Audi sees new models driving sales despite tough conditions – Reuters: INGOLSTADT, Germany Volkswagen’s (VOWG_p.DE) flagship premium brand Audi expects a raft of new models to push its sales to a new record this …
- Ghosn: We have ‘track record’ to make it work with Mitsubishi Motors – Nikkei:
- BMW’s New Electric Flagship Car for 2021 Lags Audi, Mercedes – Bloomberg: Audi will build its first all-electric car as well as the battery at Audi’s factory in Brussels. BMW’s decision to allow eight years to pass since rolling out the…
- BMW to Introduce Electric, Self-Driving Flagship Car in 2021 – Bloomberg: The average price of BMW’s vehicles declined 5.9 percent to about 33,700 euros ($38,500) in the first quarter as demand for cheaper cars like the X1…
- Russia Lada sales rise for first time in two years – Just-auto: AvtoVAZ says Lada sales have increased in Russia for the first time in two years, with April seeing a 7.8% rise compared to 12 months ago and 10.7% more than in March.
- Audi Sees Diesel Scandal Continuing to Weigh on Carmaker in 2016 – Bloomberg: Audi AG, the luxury-car manufacturer that’s Volkswagen AG’s largest earnings contributor, expects the fallout from rigged diesel-engine emissions…
