Top News:
- Is General Motors Looking To Expand “Maven” To China? – Forbes: Recently, General Motors invested in a Chinese car-sharing technology company called Yi Wei Zing to gain insights on specific car sharing needs of…
- Uber to go it alone as it expands into Southeast Asia – Reuters: Ride-hailing service Uber Technologies Inc [UBER.UL] will focus on organic growth as it expands into Southeast Asian markets, a senior vice president told Reuters on Friday.
- Ford shows off performance telemetry smartphone app – Autocar: Ford Performance App, announced at the 2016 SEMA show, allows you to record your lap times, video and driving data
- BMW says to await Brexit outcome before taking investment decisions – Reuters: Harald Krueger, Chief Executive of German luxury carmaker BMW poses next to a BMW i vision after a news conference in Munich, southern Germany …
- BMW shares fall as profit margins deteriorate in third quarter – FT: BMW on Friday posted record sales and profit for the third quarter, but its shares fell as its margins deteriorated and analysts voiced concerns about…
- Takata says it wants to avoid bankruptcy to minimize disruptions – Automotive News: Takata said it wants to avoid bankruptcy globally because a court-led restructuring could disrupt the supply of parts to automakers, the first public comments the embattled airbag supplier has made on an option being considered in the U.S.
- BMW’s automaking profit falls on spending for electric vehicles – Chicago Tribune: Third-quarter profitability at BMW’s automotive unit fell as the German manufacturer spends more on developing electric cars and struggles to sell…
- German Minister Snubs Automakers to Back China EV Quota Plan – Bloomberg: Germany’s environment minister is throwing her support behind an aggressive Chinese plan to boost sales of electric and hybrid vehicles, putting her…
- UK government under scrunity over diesel NO2 emissions – Autocar: Sadiq Khan calls for a new scrappage scheme to remove the dirtiest diesel cars from the roads in order to combat emissions
- BMW Profitability Squeezed by Slide in U.S. Sales – WSJ: BMW reported higher profit in the third quarter even though a decline in sales in the U.S. and increased investment in electric vehicles and other technology eroded earnings at the German company’s automotive division.
- DS 5 Hybrid cut from UK line-up – Autocar: With the hybrid accounting for just 3% of DS 5 sales in the UK, the French company has withdrawn the model from the UK market
- Billionaire Ron Baron: I could make 30-50 times my money on Tesla over next 15 years – CNBC: Billionaire buy-and-hold investor Ron Baron told CNBC on Friday he believes he can make 30 to 50 times his money on his investment in Tesla in the…
- Hyundai, Kia combined South Korean market share hits record-low – Reuters: Hyundai, Kia combined South Korean market share hits record-low … South Korea is Hyundai’s third-biggest market by sales and is highly profitable …
- India’s Tata Sons installs new management team after Mistry ouster – Reuters: Tata Sons has put in place a new management team for the $100 billion steel-to-software group, days after its board ousted Chairman Cyrus Mistry and disbanded his advisory council, triggering a public spat between him and Ratan Tata.
- Volkswagen receives clearance for fix on another 2.6 million cars – Reuters: Volkswagen has received regulatory approval for technical fixes on car models with 1.6 liter diesel engines, it said on Friday, which means it can now recall another 2.6 million cars affected by its diesel emissions scandal in Europe
- car sales rise in October but consumer demand slumps again – Reuters: REUTERS/Luke MacGregor/File photo … with an increase in businesses buying fleet cars offsetting a slump in demand among individual consumers …
- UK car registrations in October show modest growth – Autocar: October car registrations grow 1.4% over last year, with the month showing modest growth for the third year in a row; new models enter the top ten best-selling list