Top News:
- Burned by strong yen, Mazda cuts full-year profit forecast – Nikkei: Mazda Motor has lowered its full-year group profit forecast, expecting the yen’s strength to cut into its earnings. The Japanese automaker…
- Tesla’s Musk blasts ‘naysayers,’ expects SolarCity boost in 3 years – Automotive News: Tesla CEO Elon Musk took his skeptics to task, giving more detail on potential benefits of the automaker’s pending SolarCity acquisition and saying the deal’s doubters have a history of making bad predictions.
- Volkswagen to pull out of world rally championship, reports say – Automotive News: Volkswagen will pull out of the world rally championship at the end of the season, with the decision coming only days after the German…
- Mazda says Toyota tie-up could yield electric, connected cars – Automotive News: Toyota Motor Corp. and Mazda Motor Corp. have discussed … buy a stake in Mitsubishi Motors Corp. in a transaction completed last month.
- Volvo rolls out factory expansion in China – Reuters: Sweden’s Volvo says it will start producing cars with its Chinese parent Zhejiang Geely in the Asian country. Reuters’ Norihiko Shirouzu says its part of …
- KKR no longer in bidding for Japan’s Takata: source – Reuters: REUTERS/Rebecca Cook/File Photo … T), the Japanese parts maker at the center of the world’s biggest auto recall, said a person who was briefed on …
- Volvo, Geely to deepen ties, share small car plant – Reuters: Swedish car maker Volvo announced on Wednesday moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group Co – a tie-up that’s shaping up to show that China can make a success of buying consumer brands.
- Honda reverses plan to export Canada-made CR-Vs to Europe – Automotive News: Honda no longer plans to capitalize on a newly signed free-trade agreement between Canada and the European Union to increase the number of…
- Volvo’s China Bet: Drop the Passenger Seat, Install a Fridge – WSJ: SHANGHAI-Volvo Cars’ new luxury vehicle will be built in China and one version won’t have a front passenger seat, a bet that its Chinese parent…
- Former Ford chief Martin Leach dies – Autocar: Leach, who headed up Ford of Europe in the 1990s, was more recently co-founder of the NextEV electric supercar project
- KKR Drops Out of Race to Buy Air-Bag Maker That Caused World’s Biggest Car Recall – Bloomberg: … expansions of recalls that were already the biggest in the auto industry’s … inflators to rupture and spray deadly metal shards at vehicle occupants.
- German car sales fell around 5 pct in Oct on fewer selling days -source – Reuters: … earlier because there were two fewer selling days, an industry source told Reuters. … (Reporting by Andreas Cremer; Editing by Maria Sheahan) …
- Britain’s Brexit subsidies for carmakers could top wage bills – Reuters: Nissan technicians put an engine into a Qashqai car on the production line at … Reuters examined the accounts of eight of the biggest car exporters,