Top News:
- Volvo Cars raises $500 mln in step towards IPO – Reuters: … “Today’s move is another step towards Volvo Cars’ long expressed ambition to act as a …
- Honda begins deliveries of fuel-cell cars in Southern California – Reuters: Honda Motor Co Ltd said customer deliveries of its hydrogen fuel-cell car, dubbed Clarity Fuel Cell, began on Monday at select Honda dealerships across Southern California.
- U.S. investigates one million Fiat Chrysler vehicles for roll-away crashes – Reuters: The U.S. National Highway Traffic Safety Administration is launching an investigation into about 1 million newer Fiat Chrysler Ram pickup trucks and SUVs after receiving complaints the vehicles rolled away after being parked, it said on Tuesday.
- Jeep’s Latest Push Into China Proves a Tough Slog – WSJ: Fiat Chrysler has made a big bet on China, investing in local production and more dealers in a bid to turbocharge sales of Jeeps in the country. But fierce competition amid slowing growth has dealers already cutting prices.
- 1 million FCA vehicles under U.S. investigation for rollaway crashes – Automotive News: The National Highway Traffic Safety Administration is launching an investigation into about 1 million newer Ram pickups and Dodge SUVs after receiving complaints the vehicles rolled away after being parked.
- E.ON creates new unit to push electric car charging stations – Reuters: … a new unit to develop and expand Europe’s electric vehicle charging infrastructure, the …
- The Tesla Advantage: 1.3 Billion Miles of Data – Bloomberg: There was, in hindsight, a clear element of risk to Tesla Motors Inc.’s decision to install Autopilot hardware in every car coming off the production line…
- The Much-Maligned Minivan Is The Perfect Vehicle To Usher In The Era of Self-Driving Cars – Forbes: After six months of engineering collaboration, automaker FCA and Waymo (the new name for Google’s self-driving car project) have introduced a new…
- ‘Never say never’ but Lamborghini will refuse autonomous driving for a very long time – CNBC: The recent technological developments towards self-driving cars are unlikely to reach the luxury sports sector any time soon, the chief executive of…
- BRIEF-Volvo Cars issues SEK 5 bln in preference shares, mulling IPO – Reuters: … * Says the preference shares may be repurchased or converted into listed ordinary shares upon the majority shareholder’s decision. At this time, no …
- Uber Sees Third-Quarter Loss – WSJ: Uber Technologies Inc. continued to grow sales but also continued to lose money in the third quarter, which could cool for now any chances for its hotly-anticipated initial public offering.
- Hyundai, Kia to boost sales of SUVs, electric cars in 2017 – Yonhap: They will also seek to boost their combined market share for environmentally friendly cars and passenger vehicles with a series of new and improved…
- GM Sends Layoff Notice to 1300 Michigan Workers as Sales Slow – Bloomberg: GM said earlier Monday it was idling some production at five U.S. passenger-car plants in January, and Fiat Chrysler said it’s halting output for New…
- Cost of driving in Michigan about to rev upward as fees, gas tax jump – Freep: 3 birthday when the notice for his annual vehicle registration arrived in the mail … Owners of hybrid and all-electric vehicles will pay even more.
- Volvo raises capital for first time under Chinese ownership – FT: Volvo Carsset itself on the road to returning to the stock market as the Swedish carmaker raised fresh capital for the first time under Chinese ownership…
- Howes: Cheap gas, hot truck sales pressure car business – Detroitnews: Thirst for trucks and SUVs will complicate the push to meet onerous Obama-era fuel economy targets – not help it
- GM to cut second shift, 1,300 jobs at Detroit-Hamtramck – Detroitnews: Automaker is cutting shift at factory amid slow car sales
- Cyrus Mistry Resigns From Tata Company Boards – WSJ: The battle for control of the Tata Group took an unexpected turnMondayas Cyrus Mistry, the ousted head of the group’s holding company, resigned from his positions on the boards of five of the group’s biggest companies.
- China fines firms for using BMW-like trademark: media – Reuters: The BMW logo is seen on the wheel of a vehicle presented at the Auto China 2016 auto show in Beijing, China, April 29, 2016. REUTERS/Damir …
- Uber lost more than $800 million in third quarter 2016: – Reuters: Privately held ride-hailing company Uber Technologies Inc [UBER.UL] lost more than $800 million in the third quarter, reported on Monday.
- BRIEF-Uber Technologies lost more than $800 million in Q3 2016 – Reuters: * Uber Technologies lost more than $800 million in Q3, not including its Chinese operation – , citing a source
- Tesla to Start Charging Idling Fees for Superchargers – Yahoo: The concept of Tesla’s nationwide Supercharger Network is a great one. A grid of charging stations that reaches across the country, providing convenient access to electricity for each and every Tesla owner. Originally, it was a free service that …
- GM idles 5 plants in Jan. as passenger car supply swells – Freep: Last month, pickup trucks, vans, SUVs and crossover utility models made up almost 62% of all vehicles sold in the U.S., a record level. GM’s pickup…
- 1958 Porsche 356 Speedster S Two-Owner Garage Find Comes Equipped with Two Backstories … – Forbes: All images copyright and courtesy of Gooding & Company. … Even in Speedster S form, the car weighed about 130 pounds less than a standard 356,…
- Your Evening Briefing – Bloomberg: The Chevy Bolt is the ugly car of the (very near) future. The first affordable electric car to top 200 miles on a single charge was expected to be a vehicle…
- VW gets more time to strike 3-liter emissions deal – Detroitnews: Volkswagen had originally been expected to present a deal to Breyer by Nov. … about 20,000 Audi and VW SUVs and provide a software fix for about 60,000 newer models that were marketed under its Porsche, Audi and VW brands.
- BRIEF-General Motors Co says Kathryn Marinello to resign from its Board – Reuters: . Dec 19 General Motors Co. * General Motors Co says Kathryn Marinello has elected to resign from GM’S board of directors effective immediately