Top News:
- Volkswagen to Build Seven-Seat SUV in Tennessee – WSJ: Volkswagen AG’s plan to cede more control to its U.S. operation in the wake of its costly emissions scandal is getting a boost from an unlikely source: a spacious family-hauling SUV.
- Kia launches Niro hybrid crossover; PHEV to follow in 2017 – Just-auto: Kia is hoping to appeal to a new set of car customers with its new Niro hybrid compact crossover. Kia says it is the first to this segment and that a plug-in hybrid version will follow in 2017.
- General Motors Europe back in profit as records tumble – Just-auto: General Motors has substantially beaten expectations with second quarter 2016 results including record earnings per share (EPS) of US$1.86 (up 44% year on year and ahead of forecast by $0.35) on revenue up 11.1% to $42.4bn ($3.47bn better than expected) and net income up 157% to $2.9bn. GM Europe finally moved back into profit for the first time in five years.
- Elon Musk Reveals How He Forecasts Tesla’s Future – Bloomberg: The mini-bus will also be unveiled next year, though Musk gave no indication of when either of the new commercial vehicles might be road-ready.