Top News:
- GM will take aim at VW with diesel Chevy Cruze – Automotive News: Chevrolet will go after Volkswagen’s diesel customers with its plan to launch a new diesel engine in the Chevrolet Cruze. Dan Nicholson, GM’s vice president for global propulsion systems, said the car is expected to arrive in 2017 and feature a 1.
- BMW says record sales can fuel innovation – FT: BMW has said it is in pole position to guide the car industry towards a new era of electric and self-driving cars, as it reported another record quarter for…
- BMW pledges to stay atop luxury market as sales lag Mercedes – Automotive News: BMW AG pledged to remain the world’s leading luxury-vehicle maker after being usurped by Mercedes-Benz in the first half, highlighting…
- German state of Bavaria to sue Volkswagen over emissions scandal – Reuters: Germany’s state of Bavaria will sue Volkswagen (VOWG_p.DE) for damages caused by the diesel emissions scandal, the state’s finance …
- Mitsubishi blames ‘collective failure’ for mileage fraud, ‘starting from the management’ – Automotive News: An investigation of practices at Mitsubishi found a corporate culture where workers couldn’t push back against management demands and infighting between departments contributed to a fuel-economy manipulation scandal that’s led to a rescue from…
- Volkswagen Faces South Korea Sales Ban – WSJ: South Korea banned the sale of almost all Volkswagen cars and handed down heavy fines, one of the severest punishments the German auto maker has faced globally over its deepening emissions scandal.
- BMW Profit Beats Expectations – WSJ: BMW beat market expectations with an 11% rise in second-quarter net profit, helped by robust sales of the luxury auto maker’s three car brands, including a jump in demand for Rolls-Royce limousines.
- BYD will invest RMB 10b to expand capacity and launch new models – Automotive News: Gasgoo (Shanghai, August 2)-With the launching of more alternative energy vehicles, BYD begins to expand the battery capacity. News media…
- Anton Yelchin’s parents to sue Fiat Chrysler for wrongful death – Guardian: Anton Yelchin’s parents to sue Fiat Chrysler for wrongful death. Late Star Trek actor’s family are set to file a lawsuit against the Jeep manufacturer after…
- Volvo Car Group says sales rise 9.3 percent in July – Reuters: STOCKHOLM Volvo Car Group, owned by China’s Zhejiang Geely Holding Group Co., said on Tuesday sales of its models grew 9.3 percent in July, …
- Fiat Urban Cross to be launched in September; all we know so far – Ibtimes: It looks like Italian auto-maker Fiat is ready to roll out the Urban Cross in India soon. The Urban Cross, the model based on the company’s Avventura…
- The Road to the Uber-Didi Deal – WSJ: Uber’s about-face in China came after big investors stepped up the pressure on Chief Executive Travis Kalanick to cut mounting losses in its battle with rival Didi Chuxing.
- LG Electronics to supply key components for Chevrolet Bolt – Just-auto: LG Electronics has been named as the supplier of major electrical system parts for the Chevrolet Bolt. Production of this plug-in crossover is due to commence in October.
- BMW CEO says its too early to draw up Brexit plans, no impact so far – Reuters: Asked on Tuesday whether BMW, which owns the Mini brand, had plans to change its manufacturing footprint following the Brexit vote, Krueger said: …
- Delphi Automotive tests autonomous taxi service in Singapore – Autocar: British company Delphi Automotive, working with Singapore authorities, hopes to launch a fully automated taxi service in Singapore by 2022
- BMW second-quarter profit rises nearly 8% – Automotive News: BMW’s second-quarter profit climbed 7.9 percent as the automaker kept a tight hold on costs to offset a reliance on less-expensive vehicles…
- German car sales drop 3.9 pct to around 280000 autos – source – Reuters: Year-to-date, passenger-car registrations in Europe’s largest auto market … German car sales posted their last monthly decline in May 2015 by 6.7 …
- Honda quarterly profit hit by higher tax bill – Automotive News: TOKYO – Honda Motor Co.’s operating profit climbed 12 percent in the latest quarter as cost cutting efforts and a better mix of higher margin vehicles…
- South Korea suspends most Volkswagen sales – Reuters: South Korea has suspended sales of most Volkswagen AG models in a fresh blow to to the German automaker as it struggles to overcome an …
- Volkswagen files for US class action suit to be dismissed – Reuters: Volkswagen wants to dismiss the Consolidated Securities Class Action Complaint, filed by the Arkansas State Highway Employees’ Retirement …
- Mitsubishi Motors investigation blames slack governance for mileage scam – Reuters: They also said in their report on Tuesday that Japan’s sixth-largest automaker by vehicle sales had not rallied its workers to help get it back on track …