Top News:
- China Fines Five Auto Makers for Electric-Vehicle Subsidy Fraud – WSJ: Four of the bus-making companies abused the subsidy program by padding their reported electric-vehicle sales, the Ministry of Finance said in a…
- NVIDIA, Baidu Team Up on Services for Autonomous Vehicles – Detroit Bureau: Baidu is teaming up with NVIDIA to develop a platform using artificial intelligence to provide cloud-based services to autonomous vehicles.
- China auto sales rise 24.5% on rush to beat expiring tax cut – Automotive News: China’s passenger-vehicle sales climbed for a sixth consecutive month as consumers rushed to buy ahead of a tax cut due to expire at year-end and General Motors and Great Wall Motor emerged from stiff pricing competition with rising deliveries.
- Lexus UX concept part revealed ahead of Paris motor show – Autocar: New SUV concept previews Lexus’s future design and technology direction
- Keeping Current CAFE Standards Saves Owners Big Cash – Detroit Bureau: A new report shows that retaining the current CAFE standards saves buyers of 2025 model cars and trucks to save thousands of dollars. Find out more at TheDetroitBureau.com.
- Apple Supplier Invests in China’s Startup Didi, Uber’s Rival – WSJ: Foxconn Technology Group, Apple’s largest assembler of iPhones, said a subsidiary had invested $119.9 million in Chinese ride-hailing company Didi Chuxing.
- Honda recalls 668,000 more cars in Japan over Takata airbags – Automotive News: Honda plans to recall about 668,000 vehicles in Japan to replace airbag inflators supplied by Takata, as part of an expanded nationwide recall announced earlier this year.
- Russia’s Aug auto sales down 18 pct y/y – AEB – Reuters: MOSCOW, Sept 8 New car sales in Russia fell 18 percent year on year to 113,749 vehicles in August, after a 16.6 percent fall in July, the Association …
- Takata air bag issue: Honda recalls 668000 cars in Japan across its Fit, Civic and other models – Ibtimes: Honda Motor Company has announced the recall of about 668,000 vehicles in Japan over defective air bags sourced from Takata Corporation.
- X4 becomes BMW Brazil’s sixth locally assembled model – Just-auto: Almost two years after the first locally assembled car – a 328i – left the line at its Araquari plant in the southern state of Santa Catarina, BMW Brazil chose the X4 to be its sixth locally built product.
- Volkswagen to produce Polo Vivo in Kenya – Just-auto: Volkswagen plans to start CKD production of the Polo Vivo in Kenya at the end of 2016.
- Porsche 718 to be equipped with two charge air cooling circuits – Just-auto: While the Porsche 911 offers direct cooling, new 718 models with turbo engines will feature indirect charge-air cooling with an integrated water circuit – a high-tech refrigerator for the combustion air.
- Kia Motors officially opens new plant in Mexico – Just-auto: Hyundai Motor Group’s subsidiary Kia Motors has officially opened its new production facility in Mexico with a ceremony attended by over 500 people.
- Autonomous Volvo truck testing in regular operations underground – Just-auto: Volvo Trucks is testing self-driving FMX trucks in regular operations in the Boliden mine in Kristineberg, Sweden. The aim is to examine how this technology can contribute to safe and productive transportin tough geographically limited application areas.
- Can 36000 Car Chargers Cure Our Love of Cheap Gas? – Bloomberg: Making an electric car is easy. We’ve been doing it for more than a century. Charging them, however, is tough. It requires infrastructure-a grid on the…
- VW and JAC studying EV joint venture in China – Just-auto: New energy vehicles in China include anything from hybrid electric vehicles and pure electric vehicles. Sales of these are growing rapidly in China,…
- PSA plans Southeast Asia factory as its global push widens – Automotive News: … and a 2014 bailout by the French government and China’s Dongfeng Motor Corp., which both now own 14 percent stakes in the French automaker.
- Suspect Sales at Fiat Chrysler Could Be Bad News for Its Rising Star – Bloomberg: Under his leadership, Fiat Chrysler Automobiles outsold its competitors in Canada for the first time in the carmaker’s history while enjoying an…
- Fitch Affirms Hyundai Motor and Kia at ‘BBB+’; Outlook Stable – Reuters: (The following statement was released by the rating agency) SEOUL, September 08 (Fitch) Fitch Ratings has affirmed South Korea-based Hyundai …
- Ola Strikes Deal With Mahindra for Ride-Hailing Car Discounts – Bloomberg: Ride-hailing service Ola scored an agreement with Mahindra & Mahindra Ltd. to offer cars cheaply to drivers, a move aimed at fending off competition…
- India’s Mahindra-Ola tie-up set to shape future vehicle design – Reuters: Mahindra will sell a total of 40,000 vehicles to Ola in two years starting with its Verito sedan and possibly electric cars in the future. In return, Ola gains …