Top News:
- Ferrari models to get hybrid power from 2019 – Autocar: A future Ferrari hybrid model, as imagined by Autocar
- California promises crackdown after new report of VW cheating – Automotive News: The California Air Resources Board promised Monday to use its expanded testing procedures to crack down on automakers that use defeat device software to emit more tailpipe pollutants than the state’s laws allow.
- Toyota Joins Nissan Declaring a Peak for the U.S. Auto Market – Bloomberg: Japan’s two largest carmakers have arrived at the same conclusion: the U.S. auto market that’s functioned as a growth engine has run out of gas.
- Tesla to buy Grohmann Engineering to ramp up automated manufacturing – Reuters: Electric carmaker Tesla Motors Inc said on Tuesday it would buy German firm Grohmann Engineering to improve its automated manufacturing systems.
- GM’s Brazil CEO sees crisis ending in 2017 with sales rebound – Automotive News: Two years into a recession that has sent Brazilian car sales to the lowest in almost a decade, the country chief at General Motors expects the pain to subside in 2017.
- We’re better at car tech than Silicon Valley: Cadillac president – CNBC: Cadillac can go toe-to-toe with Silicon Valley giants like Apple and Google on creating future automobile technology, the president of the luxury car…
- Here’s Why Toyota Is Boosting Its 2016 Profit Forecast – Fortune: Toyota Motor on Tuesday raised its full-year forecast for operating profit by 6% as it expected efforts to scrimp and save would go further to curb the…
- Tesla acquires German engineering company – Autocar: Tesla has bought Grohmann Engineering, a German firm that specialises in automated production technologies
- General Motors Sees Brazil’s Auto Economy Recovering in 2017 – WSJ: SAO PAULO- General Motors Co. expects Brazil’s auto market to recover next year from a deep slump, allowing the company to avoid layoffs in Latin…
- Ford Made All The Right Moves In The Recession. So Why Is GM Reaping The Benefits? – Forbes: After the recession, (L-R) former CEO Alan Mulally, with Chairman Bill Ford and Mark Fields, now CEO, poured everything into a new F-150, but…
- Brazil auto market to grow around 5 pct in 2017, Fiat says – Reuters: Brazil auto market to grow around 5 pct in 2017, Fiat says … Dutra, the head of the Fiat brand for Fiat Chrysler Automobiles NV (FCA) in Latin America, …
- Ford to invest $195 mln in new technology center in India – Reuters: REUTERS/Daniel Munoz/files … “India is not only a vibrant market for cars and new mobility ideas, it also is rich with talent, technical expertise and …
- Uber Rival Closes After Raising $250 Million From Investors – Bloomberg: A car-hailing service armed with $250 million of funding and ambitions to rival Uber Technologies Inc. said it’s closing down less that two years after…
- GM forecasts 2.4 million car, light truck Brazil sales in 2017: executive – Reuters: Automaker General Motors Co expects sales of new cars and light trucks in Brazil to rise to 2.4 million in 2017 from an estimated 2.1 million this year, an executive said on Tuesday.
- Hyundai chooses to maintain pricing post-Brexit vote – Autocar: Currency fluctuations since Brexit have prompted several carmakers to raise their prices by up to 2.5%; Hyundai has chosen to not follow suit
- Mercedes plans new G-Class for Frankfurt 2017 launch – Autocar: New, lighter G-Class to have more interior space, but keep its iconic looks alongside new engines with 360bhp
- Aston Martin partner LeEco falls into financial difficulty – Autocar: LeEco LeSee concept
- Toyota Looks to Electric Cars as Stronger Yen Dents Profits – WSJ: The company reported another sharp decline in net profit for the fiscal second quarter as a strong yen and weak U.S. passenger car sales continued to weigh on earnings.
- Ford to create $195 million tech, business center in India – Automotive News: Ford today said it is investing $195 million and creating 3,000 jobs over the next five years for a new global technology and business center in Chennai, India.