Top News:
- VW shares rise as $4.3 billion emissions deal with US nears – Reuters: REUTERS/Mark Blinch … of diesel cars VW may need to repurchase, Barclays analysts said in a note, keeping an “overweight” rating on the stock.
- The Only Chinese Carmaker At The Detroit Auto Show Has 3 Impressive Debuts – Forbes: The GE3 is a new electric crossover. It is the first car based on GAC’s new electric-car platform. Power comes from an electric motor with 163hp, range…
- European carmakers hope to catch Tesla with faster e-car chargers – Reuters: Europe’s biggest carmakers are drawing on the full force of the continent’s industrial prowess to build a network of ultra-fast charging stations as they look to stoke demand for electric cars and break Tesla’s stranglehold on the market.
- Volkswagen confirms $4.3 billion U.S. settlement over diesel emissions – Reuters: Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion (PS3.5 billion) draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct.
- PSA Group 2016 sales rise 5.8 pct, boosted by Iran and recovery in Europe – Reuters: PARIS Jan 11 French carmaker PSA Group said global vehicle deliveries rose by 5.8 percent last year, propelled by strong sales of its Peugeot brand …
- S.Korea prosecutors indict Volkswagen local unit execs, staff – Reuters: * VW plans to plead guilty to criminal misconduct in U.S. (Reflects prosecutor’s confirmation, background)
- Self-driving cars still face multiple roadblocks – FT: The advance of the self-driving car may be the most important technological breakthrough of the coming decades.
- Lamborghini Huracan Performante to launch at Geneva motor show – Autocar: Lambo’s lightweight Huracan has been seen cold weather testing; it’s expected to arrive in March in coupe and Spyder bodystyles
- Ford Motor wants to change the world — again – Automotive News: More than a century after Henry Ford put the world on wheels, his great-grandson, Bill Ford, is attempting to reinvent mobility.
- Tax Cut Boosts Car Sales in China – Bloomberg: Consumers in China bought passenger vehicles at the fastest pace in three years to take advantage of a tax cut on small-engine automobiles,…
- Ford affirms 2017 to be less profitable than 2016 – Reuters: Ford Motor Co on Tuesday confirmed that it would be less profitable in 2017 than last year, even as cross town rival General Motors Co on the same day gave a much more upbeat forecast that surpassed Wall Street expectations.
- Tesla recruits Apple veteran to run its Autopilot car software – FT: Tesla has recruited long-serving Apple technologist Chris Lattner to run its Autopilot self-driving car software, at a time when the iPhone maker is refocusing its own automotive efforts on autonomous systems.
- Trucks and SUVs roll over cars at Detroit auto show – Reuters: correspondent Alexandria Sage.>> Over the past few years we’ve been seeing a shift from cars to SUVs and trucks. And now, auto makers …
- Mercedes design ethic blends hot and cool – Automotive News: Mercedes-Benz’ top designer said the brand’s design … At last year’s Paris auto show, Mercedes-Benz gave the public its first look at the…
- 2017 Jaguar E-Pace spotted testing ahead of summer debut – Autocar: Five-seat small SUV will take on the likes of the Audi Q3 with a sub-PS30k entry-level price
- The creator of Swift, Apple’s new programming language, is leaving for Tesla – CNBC: Chris Lattner said that he was stepping aside as project lead for Swift as he prepares to leave the company later this month for an unspecified new…
- Global Electric Vehicle Motor Market 2017-2021: Decline in Cost of Electric Motors Owing to … – Yahoo: The additional components that comprise an EV compared with conventional gasoline- or diesel-powered vehicles are a battery, electric controller,…
- Waymo Chopping Costs out of Sensors for Self-Driving Cars – Yahoo: Waymo, the company that recently spun out from Google’s self-driving-car project, intends to make autonomous vehicles affordable for the masses.
- Bentley plans wider adoption of plug-in hybrids – Automotive News: Speaking to the 2017 World Congress in Detroit, Bentley CEO Wolfgang Duerheimer said that while many manufacturers see…
- BRIEF-Tesla Motors says Chris Lattner to be VP of autopilot software – Reuters: Jan 10 Oil and gas producer Parsley Energy Inc said on Tuesday it would buy acreage in the Permian Basin for about $607 million as the company …
- Alphabet’s Waymo Envisions Production Alliance To Cut Automated Car Tech Cost – Forbes: Waymo, the company born from Alphabet’s Google Self-Driving Car research project, is designing and building all the sensors, radar and computers…
- To Accelerate Waymo To Mass Market, CEO Krafcik Eyes Manufacturing Partner – Forbes: Waymo, the company born from Alphabet’s Google Self-Driving Car research project, is designing and building all the sensors, radar and computers…
- Automakers tout new diesels despite Volkswagen’s troubles – Reuters: … presentation area during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017. REUTERS/Brendan McDermid.
- How GM CEO Mary Barra Plans to Get More Female Engineers – Fortune: Every 26 minutes General Motors fills a position for a STEM-related job. Chairman and CEO Mary Barra says she’s working towards a day when…
- Volkswagen’s Tentative $4.3 Billion Deal With US Includes Guilty Plea on Emissions – New York Times: An intensive investigation into Volkswagen’s manipulation of diesel emissions tests began in 2014, and now involves American and German…
- Volkswagen says has negotiated $4.3 billion US criminal settlement – Reuters: The Volkswagen logo is seen at the company’s display during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017 …
- Volkswagen announces ‘concrete draft of a settlement’ with US for $4.3 billion over emission scandal – CNBC: Volkswagen said on Tuesday it negotiated a concrete draft of a settlement with U.S. authorities over the company’s diesel emissions scandal.
- VW Closes in on $4.3 Billion U.S. Accord in Diesel Scandal – Bloomberg: Volkswagen AG is closing in on a deal to pay $4.3 billion in criminal and … Separately, Porsche Automobil Holding SE, the investment vehicle of the…
- GM’s Buyback, Ford’s Dividend Show Confidence Even as Sales Peak – Bloomberg: It’s also investing $4.5 billion to convert 40 percent of its lineup to electrified vehicles by 2020 and this month revealed seven of those models.
- Most Car Jobs Trump Claims Credit for Are Destined To Go to Robots, Wall Street Says – Bloomberg: The firm argues in a note to clients Tuesday that the millions the manufacturers will spend on new or upgraded plants will largely go toward making…
- Fiat Chrysler expects Waymo wants more hybrid Pacificas – Freep: Fiat Chrysler Automobiles CEO Sergio Marchionne said he expects a partnership with Waymo to expand and plans to provide more Chrysler Pacifica…
- Select: Why the Trump Organization went south on Georgia – Reuters: General Motors CEO Mary Barra says the auto industry will change more during the next decade than it has in the past half-century, as she highlights …
- Indian auto sales see biggest drop in 16 years – Reuters: To match Exclusive INDIA-AUTOS/FORD MOTOR REUTERS/Babu/File … Automobile sales fell 18.66 percent in December to 1.2 million units, the …
- VW’s Skoda Auto boosts 2016 deliveries to record 1.13 million cars – Reuters: … is displayed at the Mondial de l’Automobile, Paris auto show, during media day in Paris, France, September 29, 2016. REUTERS/Jacky Naegelen.
- Indian shares end higher ahead of qtrly results – Reuters: Jan 10 Indian shares ended higher on Tuesday, with Tata Motors surging after unit Jaguar Land Rover reported strong sales for 2016, and as recent …
- France’s Le Pen says would seek Trump-style repatriation of car plants – Yahoo: Asked whether she would like to see the same thing happen with French manufacturers Renault and PSA Peugeot Citroen, the National Front (FN)…
- China Car Sales Climb at Fastest Pace in 3 Years on Tax Cut – Bloomberg: Consumers in China bought passenger vehicles at the fastest pace in three … to data released Tuesday by the China Passenger Car Association.