Top News:
Note: Ed and Bertel are traveling in Europe. The morning news may arrive later, or not at all. Your indulgence is appreciated.
- German cartel office searches car firms in steel investigation – Reuters: Volkswagen, Daimler, BMW and auto suppliers Bosch and ZF said they were cooperating with German authorities after their …
- German Auto Industry Faces Probe Over Steel-Buying Cartel – Bloomberg: Volkswagen AG, BMW AG, Daimler AG and Robert Bosch GmbH were among six companies raided by Germany’s antitrust regulator in June in a…
- London Mayor Beefs Up Pollution Plan With New Charge on Diesel – Bloomberg: The dirtiest cars and trucks driving through London face tougher penalties starting next year after Mayor Sadiq Khan unveiled plans to crack down on…
- US light vehicle sales up in June, but at what cost? – Just-auto: June light vehicle sales delivered a month of mixed messages. Total sales were up 2.4% to slightly better than 1.51m, thanks to an extra selling day, but the seasonally adjusted annualised rate (SAAR) came in at 16.66m, 340,000 units below June 2015. As we’ve noted previously, year over year comparisons are going to be tough for the balance of 2016.
- Nissan’s Le Cost Killer stirs fear in Mitsubishi factory town – Automotive News: A worker assembles a minicar sold as the Nissan DAYZ by Nissan Motor Co. and the Mitsubishi eK Wagon by Mitsubishi Motors Corp. on the…
- Renault-Nissan alliance sees savings growth slowing – Reuters: In comments embargoed for release on Tuesday, Renault-Nissan Senior Vice President Arnaud Deboeuf also told reporters it was too early to assess …
- BRIEF-Nissan says June China vehicle sales +17.0 percent y/y – Reuters: July 5 Nissan Motor Co Ltd says: * June China vehicle sales total 109,100, +17.0 percent y/y, versus +3.4 percent in May. * Jan-June China vehicle …
- Nissan, Renault see cost savings growing with Mitsubishi in fold – Automotive News: The Renault-Nissan alliance achieved joint savings of 4.3 billion euros ($4.77 billion) in 2015, a year ahead of the 2016 timeline set by Carlos Ghosn,…
- Ghosn Tasks Top Lieutenant to Hunt for Mitsubishi Motors Savings – Bloomberg: Carlos Ghosn has tasked one of his top lieutenants at Nissan Motor Co. to identify cost savings at Mitsubishi Motors Corp. as it acquires a stake in the…
- Toyota, megabanks add tens of thousands of shareholders – Nikkei: Toyota’s shareholder count grew by 190,000, or 37%, in the year to March 31. Nearly half of this gain owes to automaker’s issuance of roughly 500…
- BRIEF-Toyota Motor updates share repurchase status – Reuters: July 5 Toyota Motor Corp : * Says it repurchased 25,044,200 shares for 139,541,572,600 yen in total from June 1 to June 23. * Says this was part of the …
- Hyundai Motor union says wage negotiations with management collapse – Yonhap: The union of Hyundai Motor Co. said Tuesday its negotiations with the management over wages have…
- Mahindra to develop range of autonomous electric vehicles – Autocar: Leading Indian firm is integrating its wide portfolio of companies to produce advanced EVs
- Tesla’s Problem: Pushing Boundaries Too Far – WSJ: The August 2006 post, “The Secret Tesla Motors Master Plan,” projected a … SolarCity declined to comment and Tesla didn’t respond to requests for…
- Former chief of Volkswagen Korea summoned over emissions scandal – Yonhap: A former CEO of the local branch of Volkswagen was summoned by prosecutors Tuesday over the German carmaker’s…
- Used-Car Startup Beepi Expands Its Reach – WSJ: Used-vehicle dealers have a new question to answer as more buyers go online to find preowned wheels: Do you deliver? Beepi Inc., a Silicon Valley…