Top News:
- BMW Is Turning Its Electric Vehicle Batteries Into a New Business – Fortune: The product, which was introduced at an electric vehicle symposium in Montreal, marks the German automaker’s entry into the energy storage market.
- Mitsubishi Motors sales in Japan seen tumbling 41% – Nikkei:
- Shocker: Kia Tops Porsche And Lexus For Highest Rating On Quality From JD Power – Forbes: Hold on to your hat. Kia Motors has scored the highest on J.D. Power and Associates’ Initial Quality Survey, vanquishing not only other mass-market…
- NYC Taxi Operators Say Mayor De Blasio Has Capitulated to Uber – Bloomberg: “Why should Uber be allowed to flood the city with 33,000 cars and not … with which riders can connect to wheelchair-accessible vehicles that aren’t…
- Autocar confidential – Peugeot, BMW, Volkswagen, Volvo – Autocar: Our reporters empty their notebooks to round up this week’s gossip from across the automotive industry
- Tesla: Incessant Cash Burn and Looming Competition Isn’t a Trillion-Dollar Formula – WSJ: Visions of a future dominated by electric cars have long powered Tesla Motors … No surprise there; automobile manufacturing is a low-return, capital…
- Luxury cars take back seat to Kia in JD Power quality study – Reuters: A Kia logo is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New York in this April 16, 2014 file photo.
- Big Surprises as New Car Quality Makes Big Improvement – Detroit Bureau: New car quality set an all-time record and is improving faster than ever, according to the latest J.D. Power Initial Quality Study. But that’s not the only surprise. Korean carmakers dominated, Kia claiming the top spot in the annual study. And mainstream brands outscored their luxury rivals.
- Green GT H2 concept to be shown at Goodwood – Autocar: Hydrogen fuel-cell powered Green GT H2 concept will be shown at the Festival of Speed
- Borgward BSP platform details and Kuka robotics deal – Just-auto: Chinese-German would be luxury SUV maker Borgward has named Kuka as a strategic partner for manufacturing operations, at whilst also revealing the abbreviation by which its current and future vehicles’ platform is internally known.
- Musk buys Musk — Tesla’s SolarCity deal by the numbers – Automotive News: Tesla’s offer to buy SolarCity for as much as $2.86 billion in stock boggles the mind. There’s basically two ways to look at why Musk is behind the deal.
- Iran lauds new business climate as PSA deal inked – Just-auto: Iran’s Industry Minister has delivered a tub-thumping series of reasons why Western operations should consider reviving old ties or starting new ones in the post-sanctions era.
- Brexit’s Threat to European Automakers – Bloomberg: There are concerns Brexit could now hurt their exports to the European Union, the destination for more than half of all cars produced in Britain.