Top News:
- Suzuki CEO to resign as top execs take pay and bonus cuts – Just-auto: Suzuki has announced a management reshuffle and top-level pay cuts following its fuel economy testing scandal.
- Chevy escalates Silverado advertising battle with Ford F-150 – Automotive News: Chevrolet is escalating its truck battle with Ford through a provocative advertising campaign that claims the Silverado pickup’s steel bed is more durable than the F-150’s stamped aluminum bed.
- Russia’s May auto sales down 14.5 pct y/y – AEB – Reuters: In the first five months of 2016, sales of new passenger cars and light commercial vehicles were down 14.7 percent year-on-year at 548,119, the AEB …
- Infiniti May add Semi-Autonomous Technology for Most New Models – Detroit Bureau: Luxury brand Infiniti is likely to add semi-autonomous driving capabilities to most of its new models, its president said during a China auto event.
- Diesel tax hike considered by UK government – Autocar: Transport secretary Patrick McLoughlin has signalled a possible reversal on tax breaks for diesel cars
- GM Hits Diversity Milestone with Board Appointment – Detroit Bureau: The male-dominated culture at General Motors has seen big changes highlighted by the fact that half of its board is now female. For details, go to TheDetroitBureau.com.
- China’s Dong Feng-Nissan to Crack Down on Corruption – Automotive News: Gasgoo.com (Shanghai June 8th)- Corruption involved with an executive of Dong Feng-Nissan, a JV automaker in China, has been in judicial…
- Car brands will disappear as industry adapts to digital future, Lapo Elkann warns – Automotive News: Some car brands will disappear as the auto industry forms more partnerships in a bid to adapt to a digital future, Fiat Chrysler Automobiles…
- Toyota retains title as most valuable car brand; Tesla enters top 10 – Automotive News: Toyota retained its title as the world’s most valuable car brand in a new ranking, holding off BMW and Mercedes-Benz. Tesla, meanwhile, entered the…
- VW receives regulatory approval for fixes on 1.1 million cars – Reuters: BERLIN, June 8 Volkswagen said on Wednesday it received regulatory approval to fix another 1.1 million cars, raising the number of VW models …
- BMW’s Robertson warns industry to brace for change – Automotive News: BMW sales and marketing chief Ian Robertson warned that the marketplace for transportation is evolving at a far faster pace than only…
- China’s Electric Car Market In Danger of Backfiring After Attracting Ragtag Crew Of Players – Forbes: China’s push to have more electric vehicles on the road is spurring a production race that is straying away from market realities. Local companies with…
- BRIEF-Fiat Chrysler has started discussions on a partnership with Uber- Bloomberg – Reuters: Fiat Chrysler has started discussions on a partnership with Uber Technologies- Bloomberg, citing sources. * Fiat Chrysler’s venture with Uber could be …
- BRIEF-Daimler trucks chief says cannot rule out further US job cuts – Reuters: June 8 Daimler AG. * Trucks chief sees tough competition on pricing in Europe. * Trucks chief says cannot rule out further job losses in U.S..
- Fiat Said in Talks With Uber as Marchionne Seeks Tech Deals – Bloomberg: Fiat Chrysler Automobiles NV, the first major automaker to strike a deal with Google on driverless cars, now has started discussions on a similar…
- China stabilising at 6% growth: auto committee – Just-auto: China’s Council for the Promotion of International Trade, Automotive Committee, says recent growth rates of around 6% will become the established benchmark for the near future as previous runaway increases start to occur more sparsely.
- “Lead or be knocked out” – Changan president – Just-auto: Changan says it still needs to focus on providing Chinese consumers with good products, as the plethora of new technologies poised to potentially enter the market gathers pace.
- Daimler Trucks Widens Global Parts Sharing to Bolster Profit – Bloomberg: Daimler AG’s trucks division, seeking to recover from a profit warning last month, aims to boost future earnings with a plan to cut costs by sharing more…
- Personally-owned cars still important despite new environment – GM – Just-auto: General Motors insists individual purchases will still dominate for some time to comedespite the advent of new ways of acquiring the use of automobiles.
- “Still room to grow” in China – Daimler – Just-auto: Daimler insists the relative slowdown in the formerly exponential growth rate of China’s economy is still powering the automotive sector to achieve…
- Tesla CEO says working exclusively with Panasonic for Model 3 battery – CNBC: Tesla Motors is working exclusively with Panasonic Corp to supply batteries for the Model 3, its first mass-market car, the U.S. automaker’s chief…
- Nissan Korea to recall 4697 cars for problem in passenger seat sensor – Yonhap: Nissan Korea Co., the local unit of the Japanese carmaker, will recall a combined 4,697 units of its Altima and Maxima…
- Google X Founder Thrun Offers ‘Nanodegrees’ to German Carmakers – Bloomberg: German carmakers are scrambling to adapt as urbanization and changing attitudes toward cars redefine how customers view transportation. That also…
- TomTom wins deal to provide Volvo Cars with maps, data – Reuters: AMSTERDAM TomTom, the Dutch navigation company, said on Wednesday it had won a contract to provide Volvo Cars with real-time maps and traffic …
- Ford Ka city car reborn as five-door Dacia Sandero rival – Autocar: The Ka+ will be priced below the Fiesta, starting from £8995, and order books are open now