Top News:
- Hyundai opens new China plant – Just-auto: Hyundai Motor has opened its fourth manufacturing plant in China in the city of Cangzhou in north eastern China. The new plant, Beijing Hyundai Motor Company Cangzhou Branch, has an annual capacity of 300,000 units.
- VW works council says still away from cost-cut deal with management – Reuters: Volkswagen’s labor leaders said they were still quite a bit away from an agreement with management on cost cuts and strategy for the main autos division.
- VW brand chief eyes 3.7 billion euros of cost cuts by 2021: sources – Reuters: Volkswagen is targeting about 3.7 billion euros ($4.1 billion) of cost cuts at its core car brand by 2021 as it wrestles with labour leaders over a turnaround plan, sources said.
- All new Teslas now come with self-driving hardware – Autocar: All Teslas now come with fully autonomous hardware
- Tesla Motors (TSLA) Hardware Update: Full Autonomous-Driving Video, Summon Feature – Ibtimes: It is way past 1 a.m. Thursday morning on the West Coast but that means nothing to Tesla Motors’ owner Elon Musk who just released additional…
- BRIEF-Nissan’s Ghosn sees Mitsubishi Motors partnership synergies of 60 bl… – Reuters: Oct 20 Dunkin’ Brands Group Inc posted lower-than-expected quarterly revenue on Thursday, hurt by fewer restaurant openings and a drop in sales at …
- Nissan completes takeover of Mitsubishi, keeps embattled chief – Reuters: Nissan Motor Co Ltd said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker’s chief executive to ensure its recovery from a mileage cheating scandal.
- Toyota Kirloskar partners with Uber for vehicle funding – Ibtimes: Toyota Kirloskar Motor (TKM), a subsidiary of Toyota Motor Corporation, on Wednesday announced a partnership with ride-hailing app Uber to offer…
- Nissan Seals $2.3 Billion Mitsubishi Motors Stake Acquisition – Bloomberg: Mitsubishi Motors said Nissan paid 468.52 yen per share for about 34 percent of its outstanding stock, in a company statement. Ghosn, 62, will..
- BRIEF-Nissan says it completes purchase of stake in Mitsubishi Motors – Reuters: … * Mitsubishi Motors says Ghosn’s appointment as chairman to be effective from Dec. 14 Further company coverage: OR ($1 = 103.6800 yen) …
- Tesla Slams Brake on Driverless Cars – Bloomberg: You might have missed it from the way Tesla Motors just announced that all its new cars will have self-driving hardware, but the company Thursday put…
- Driverless cars will change everything – FT: Your next car might drive itself. “The technology is essentially here,” Barack Obama told Wired magazine this month. Robin Chase, the transportation…
- The Tech Bubble Didn’t Burst This Year. Just Wait – Bloomberg: Uber, valued at about $69 billion, is the most valuable American car … are thinking about virtual reality, machine learning, autonomous vehicles.
- Tesla Begins Equipping All Vehicles With Self-Driving Hardware – WSJ: Tesla Motors has begun equipping all of its vehicles with hardware to make the vehicles fully self-driving and Chief Executive Officer Elon Musk expects to demonstrate a self-driven cross-country trip by the end of next year.
- Tesla Expects to Demonstrate Self-Driven Cross-Country Trip Next Year – WSJ: Chief Executive Officer Elon Musk announced the changes on Wednesday, saying his goal is to demonstrate a vehicle traveling in fully autonomous…
- Tesla Will Make Its Cars Fully Self-Driving, but Not Turn the System On Yet – New York Times: DETROIT – Tesla Motors said on Wednesday that it would equip all of its new vehicles with technology that enables fully autonomous driving, but…