Top News:
- Peugeot CEO tells UK union not here to close GM’s Vauxhall plants – Reuters: The chief executive of Peugeot said it was not in his nature to close car plants as he discussed the potential takeover of GM’s British brand Vauxhall, the head of the country’s biggest union told reporters on Friday.
- Opel works council to seek contact with PSA labor bosses – Reuters: Opel’s European works council said it had agreed to open a line of communication with its counterpart at PSA Group as the French carmaker holds talks over a tie-up with the company.
- VW’s controlling clan backs brand boss despite criticism: sources – Reuters: Volkswagen’s embattled VW brand chief Herbert Diess still has the backing of the clan that controls the carmaker, despite his recurring clashes with labor leaders over cost-cutting plans, sources said.
- GM, Tech Industry at Loggerheads Over Self-Driving Cars – WSJ: Michael Zalewski crafted state legislation that would allow car makers to operate self-driving taxi services, he leaned heavily on General Motors Co.
- In tougher climate, Chinese automaker cuts jobs, shifts to green cars – Reuters: … manufacturing and personnel related to parts, a spokeswoman told , …
- DS 7 Crossback name confirmed for new Audi Q5 rival ahead of Geneva – Autocar: The image leaked online by Citronfeng French car maker will launch its mid-sized SUV into the market early next year; a brand blog site has already spotted it on the road
- VW Executive Pleads Not Guilty as 5 Avoid US Diesel Case – Bloomberg: Volkswagen agreed last month to pay $4.3 billion in penalties and plead guilty to using false statements to import cars in the U.S. and to obstructing…
- Audi supervisory board backs CEO Stadler – Reuters: The supervisory board of Audi backed its Chief Executive Rupert Stadler, saying allegations brought against him by a former Audi employee suing for wrongful termination were not accurate.
- How Spain could deliver swift savings in Peugeot-Opel deal – Reuters: … in Vigo or Opel’s site in Zaragoza under a combined group, union sources told …
- Early Uber investors call on company to change ‘destructive culture’ – Reuters: Early investors in Uber Technologies Inc [UBER.UL] wrote to the ride-hailing company on Thursday to criticise it for failing to end a toxic culture of harassment.
- Tesla’s ‘close to the edge’ cash foretells capital raise – Reuters: REUTERS/Sam Mircovich/File Photo … “The automotive business is an extremely capital intensive business and we keep seeing companies who are …
- The Baojun 510 Is A Small General Motors Crossover Utility Vehicle For China – Forbes: Baojun is a brand under SAIC-GM-Wuling, a three-way joint venture between Shanghai Automotive Industry Company (SAIC), General Motors (GM),…
- Jeep Compass priced from $22,090 – Automotive News: Pricing for the redesigned 2017 Jeep Compass will start at more than $22,000, while the compact crossover will become the second most-fuel efficient Jeep after the Renegade, Fiat Chrysler said. The redesigned Compass is now built for the U.S.
- Nissan’s next challenge: grow beyond US, China – Nikkei: Although Nissan Motor is in much better shape than when Carlos Ghosn took over 18 years ago, the chief did not accomplish everything.
- Hyundai Motor Shares Set to Shift Up a Gear – Barrons: Analysts haven’t pulled any punches in cutting their earnings estimates for Hyundai Motor (005380.KR) after the carmaker unveiled a set of results that…
- Clash Of The Autonomous Titans: Alphabet’s Waymo Sues Uber Claiming Tech Theft – Forbes: Waymo, the former Google Self-Driving Car project that became a … The Mountain View, California-based company’s claims center on actions by…
- Google Self-Driving Car Unit Accuses Uber of Using Stolen Technology – New York Times: SAN FRANCISCO – Waymo, the self-driving car outfit spun out of Google’s parent company, claimed in a federal lawsuit on Thursday that Uber was…
- How Long Will Wall Street Foot Tesla’s Bills? – Barrons: The rate at which Tesla is planning to spend cash surprised some analysts late Wednesday when the company announced its fourth-quarter earnings…
- Waymo claims former employee stole self-driving tech secrets – Automotive News: The lawsuit is not the first claim of corporate espionage among self-driving technology companies. In January, Tesla Inc. sued its former head of…
- Mercedes shrug off talk of Australia protest – Reuters: … “As far as Mercedes is concerned, I am very confident and comfortable with the situation. We know what …
- Nissan’s next CEO an expert deal-maker with low profile – Nikkei: Nissan Motor’s Hiroto Saikawa, a longtime behind-the-scenes player, will take center stage as CEO on April 1 when his charismatic…
- Tesla Takes Over Apple Territory (In Cupertino) – Yahoo: Tesla Inc (NASDAQ: TSLA) needs lots of new office space for its employees. Serendipitously, Apple Inc. (NASDAQ: AAPL) is in the process of moving…
- Are Tesla Stock Options Enough to Beat Back Union Organizers? – Yahoo: Efforts to unionize production line workers at Tesla Inc. (TSLA) made the news earlier this month following a Tesla worker’s blog post outlining pay and…
- Cadillac Ad Tries to Bridge Nation’s Chasm, Without Falling In – New York Times: A Cadillac CT6 being prepared for the opening of the Chicago Auto Show in early February. Cadillacs have been used by every president since Woodrow Wilson. Credit Scott Olson/Getty Images. Can a luxury auto ad help bridge the deep political chasm in…
- Daily Report: Of Rotting Fish and Uber’s Culture Problem – New York Times: Travis Kalanick, Uber’s chief executive, has taken several steps since a former employee’s accusations of discrimination and sexual harassment by managers. Credit Marlene Awaad/. When trying to understand what’s wrong with the culture at the…
- Tesla Is Burning Through Cash – Bloomberg: Elon Musk is burning through cash and may need to raise more soon to produce the mass-market electric sedan Tesla Inc. is banking on to reach the…
- Ghosn hands Nissan reins to cost-focused lieutenant – Reuters: Newly promoted to CEO at Nissan Motor, Hiroto Saikawa will bring a gruff, tough, no-nonsense approach to leading Japan’s second-biggest car maker …
- Audi CEO not facing immediate dismissal by sup. board -sources – Reuters: … dismissal, two people familiar with the matter told on Thursday. … (Reporting by Andreas Cremer and Jan Schwartz; Editing by Maria ….
- Nissan Savior Ghosn Hands Keys to New CEO to Focus on Alliance – Bloomberg: Carlos Ghosn, one of the auto industry’s most celebrated turnaround artists, …. A border tax would require Nissan to raise prices $2,298 per vehicle…
- Disrupting the disrupters Singapore rattles sharing economy with rule change – CNBC: Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber.
