Top News:
- Tesla’s move beyond cars official with $2 billion SolarCity deal – Automotive News: Elon Musk’s Tesla Motors officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity.
- VW’s Long Road Ahead – Bloomberg: But even after those measures take effect, the automaker will still have a huge number of employees compared to the number of cars it sells.
- BMW, Baidu joint project on self-driving cars breaks down – Reuters: Wang Jing, the head of autonomous car development at Baidu, told Reuters the company was now using cars from Ford’s Lincoln in its U.S. testing, …
- Danish high court convicts, fines Uber driver for lacking taxi permits – Reuters: REUTERS/Toby Melville/Illustration … Court said he lacked a permit to drive as an occupation and his car was not registered or licensed as a taxi.
- Volkswagen to cut 30000 jobs at VW brand by 2021: source – Reuters: REUTERS/Toby Melville … brand to boost profitability and fund a post-dieselgate shift to electric and self-drive cars, a source told Reuters on Friday.
- 5 Points of Focus as Volkswagen Tries to Turn Around – WSJ: Volkswagen AG on Friday presented a bundle of measures aimed at reviving its sputtering VW brand, more than a year after the company was…
- Volkswagen and Its Unions Agree to Cut 30000 Jobs at Core VW Brand – Fortune: Volkswagen and its powerful labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany…
- Nissan Juke-rivalling MG ZS revealed – Autocar: MG’s upcoming small SUV has been revealed at the Guangzhou motor show; it’ll share at least one engine with the larger GS and will also introduce new units to the range
- Roewe i6 will underpin next-generation MG 6 – Autocar: Chinese brand Roewe has revealed its new i6 saloon at the Guangzhou motor show; the MG 6 is expected to borrow heavily from it
- Trump takes credit for saving Ford factory that was not closing – Guardian: Ford has attracted Donald Trump’s ire over plans to shift small-car production from Detroit to Mexico. Photograph: Jewel Samad/AFP/Getty.
- Volkswagen to cut 30,000 jobs at VW brand by 2020 – Reuters: Volkswagen and its powerful labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany until 2025, a compromise which leaves the carmaker’s profitability still lagging rivals.
- MG ZS small SUV revealed – Autocar: MG’s upcoming small SUV has been revealed at the Guangzhou motor show; it’ll share at least one engine with the larger GS and will also introduce new units to the range
- VW to cut 30000 jobs on road to electric future – FT: Volkswagen is to cut 30,000 jobs, including 23,000 in Germany, by 2020 in an effort to save EUR3.7bn a year to invest in electric cars and protect its future…
- Volkswagen to Cut 23000 German Jobs as It Tries to Lift Profits – New York Times: A Volkswagen plant in Zwickau, Germany. The company said its plan would lead to savings of $3.9 billion a year. Credit Jens Meyer/Associated Press.
- European shares waver as dollar strength hits miners, props carmakers – Reuters: MILAN, Nov 18 European shares wavered on Friday, with a strong dollar hitting miners but helping export-oriented auto stocks, while Volkswagen was …
- China Toughens Up on Producing Fewer, Better Electric Car Makers – Fortune: Sales of new-energy vehicles (NEVs) in China – including all-electric and plug-in hybrid models – totaled 337,000 in January-October, up sharply from…
- Automakers in China on tenterhooks over fate of key tax break – Reuters: REUTERS/Bobby Yip … The topic has dominated talk at the Guangzhou auto show which starts on Friday, even as industry executives work hard to …
- VW to Slash Up to 30,000 Jobs in Broad Overhaul – WSJ: Volkswagen announced a sweeping restructuring of its embattled VW passenger car brand that includes up to 30,000 job cuts over the next five years, part of its effort to boost profit after the emissions scandal.
- Elon Musk Says Tesla’s New Solar Shingles Will Cost Less Than a Regular Roof – Fortune: Just after a majority of Tesla Motors tsla shareholders approved plans for the all-electric automaker to acquire solar energy firm SolarCity scty , Tesla…
- VW Said to Cut 30000 Jobs, Save $3.9 Billion in Labor Pact – Bloomberg: In a concession to VW workers, the manufacturer agreed to build two fully electric cars at German sites, one in Wolfsburg and one in Zwickau.
- China SUV wars to heat up as Volkswagen unveils two new models – Reuters: A Teramont SUV is introduced by Volkswagen at China (Guangzhou) International Automobile Exhibition in Guangzhou, China November 18, 2016.
- Hyundai Motor’s accumulated vehicle exports top 23 mln – Yonhap: Hyundai Motor Co., South Korea’s largest automaker, said Friday its accumulated vehicle exports have surpassed the 23…
- Politics|Donald Trump Takes Credit for Helping to Save a Ford Plant That Wasn’t Closing – New York Times: WASHINGTON – President-elect Donald J. Trump claimed credit on Thursday night for persuading Ford to keep an automaking plant in Kentucky…
- Ford tells Trump no Lincoln SUV production going to Mexico – Reuters: U.S. President-elect Donald Trump said Ford Motor Co Executive Chairman Bill Ford Jr told him the automaker would not move a Kentucky plant to Mexico, but the firm said it