Note: Ed and Bertel are traveling in Europe. The morning news may arrive later, or not at all. Your indulgence is appreciated.
Top News:
- SMMT stresses need for tariff-free trade deals – Just-auto: The Society of Motor Manufacturers and Traders (SMMT) has reacted to the result of the UK’s national referendum to leave the EU by stressing the need for tariff-free trade deals with Europe and other global markets.
- Apple Has Enough Cash to Buy the Big Three Car Companies – Fortune: Apple AAPL -2.95% , which is widely rumored to be working on its own car, could buy them both plus Fiat-Chrysler in a Big Three value pack.
- Musk&’s SolarCity bid a rare time investors don’t buy his vision – Automotive News: Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. Now his plan to merge the electric-car maker with struggling SolarCity has him confronting a rare case of investor unrest.
- Nissan sues South Korea government over accusations of emissions cheating – Reuters: The environment ministry this month fined Nissan 340 million won ($290,000) and ordered the recall of more than 800 Qashqai vehicles sold, …
- Brexit: what do the car makers think? – Autocar: The British car industry was strongly in favour of staying in the EU. What does it have to say now we’re leaving?
- ‘Business as usual,’ says Tata’s Jaguar Land Rover – Just-auto: Jaguar Land Rover said “today is just business as usual”, following the UK referendum on Thursday (23 June) which will see the country leave the EU.
- Audi bets on experience in EV challenge with Tesla – Automotive News: Audi’s first electric SUV will be based on the e-tron quattro concept unveiled at the Frankfurt auto show last year, which has a range of 500km (310…
- Aston Martin Vantage GT12 Roadster one-off special revealed – Autocar: A bespoke, open-top version of the Aston Martin Vantage GT12 has been unveiled at the Goodwood Festival of Speed
- What does ‘Brexit’ mean for the auto sector? – Just-auto: In the end it was a narrow result, but the UK’s voters have voted to leave the European Union. What are the implications for the automotive sector?
- New Porsche Panamera pictures leaked ahead of official unveiling – Autocar: Leaked pictures of Porsche’s second-generation Panamera have appeared online, showing the new car inside and out
- CompaniesFord could cut UK jobs after Brexit vote – FT: Ford has said it “will take whatever action is needed” to keep its UK operations competitive in a sign the car group may be preparing to cut costs in the…
- Volkswagen Korea Executive Arrested Over Emissions Manipulation – Bloomberg: South Korea prosecutors arrested an executive at Volkswagen AG’s local unit as part of investigations into whether the automaker violated the…
- Renault Cuts Stake in Nissan Motor to 42% From 43%, Filing Shows – Bloomberg: Renault SA trimmed its stake in alliance partner Nissan Motor Co. by 1 percentage point, according to a regulatory filing.
- From beer to drugs to cars: Global business laments EU vote – Reuters: LONDON Shocked chief executives from Mumbai to Denver woke up on Friday to face tough decisions over how to respond to Britain’s vote to leave …
- Review: Guns N’ Roses ablaze at Ford Field tour kickoff – Detroitnews: … two-and-a-half hour barn burner of a set to kick off its “Not in This Lifetime” tour in front of a hot crowd of 41,000 rock and roll fans at Ford Field.
- Audi Challenges Tesla in Race to Extend Power of Electric Cars – Bloomberg: It expects to produce 500,000 cars annually by 2018. … 2020 there will be a much larger number of long-range electric vehicles available,” Bloomberg…
- Asian car makers fret over uncertainty ahead after Brexit vote – Reuters: NS) Jaguar Land Rover is Britain’s largest carmaker, followed by Nissan, which has been in Britain for three decades and makes 475,000 cars a year …
- Formula E to race electric cars on the streets of NYC – FT: Formula E, the electric car racing championship, has gained agreement for a race in New York next year – achieving an ambition long held by its…
- South Korea Prosecutors Arrest Volkswagen Executive – WSJ: SEOUL-An executive of Volkswagen AG’s South Korean unit has been arrested amid widening investigations into the German auto maker’s…