Top News:
- French carmaker PSA discusses deal to buy GM’s Opel – Reuters: PSA Group is holding talks with General Motors about buying its European Opel division, the French carmaker said on Tuesday, a deal which would increase competition for market leader Volkswagen .
- BRIEF-Lincoln Electric Holdings Q4 earnings per share $0.81 – Reuters: * Lincoln Electric reports fourth quarter and full year 2016 results
- Peugeot and GM in advanced talks to merge European businesses – FT: PSA Group, the maker of Peugeot and Citroen cars, is in advanced talks with General Motors to combine their European businesses in a deal that…
- Peugeot Owner Wants to Buy GM’s Opel, Vauxhall Brands – Fortune: PSA Group, the French company that makes Peugeot and Citroen cars, is looking at buying General Motors’ struggling European brands Opel and…
- Daimler invests in smartphone-based vehicle finance app AutoGravity – Reuters: Daimler said on Tuesday it was investing a double-digit million euro amount into AutoGravity, a smartphone-based vehicle leasing and financing app as part of a broader push by the carmaker to build a digital platform for financial services.
- PSA in talks to acquire GM’s Opel, reports say – Automotive News: and cited sources with knowledge of the matter as … GM and PSA, the maker of Peugeot, Citroen and DS cars, already share…
- Peugeot Owner in Talks to Buy Vauxhall and Opel Brands from General Motors – Bloomberg: PSA Group, the maker of Peugeot and Citroen cars, is exploring an acquisition of General Motors Co.’s European business, according to people…
- Tesla targets Middle East drive with Dubai debut – Reuters: Customers who take delivery of the cars, which will begin in July of this year, will be able to charge their vehicles at home or at 28 locations across the …
- Aston Martin to debut the AM-RB 001 in Canada – Yahoo: Aston Martin has chosen the Canadian International Autoshow as the venue for the official unveiling of its 200mph+ carbon fiber hypercar, the…
- Mitsubishi revives Eclipse name for new compact crossover – Automotive News: Mitsubishi will resurrect the venerable Eclipse name in the new compact crossover it unveils at next month’s Geneva auto show, hoping to marshal memories of the popular sporty coupe that helped build the brand’s reputation for performance.
- Peugeot Owner PSA Explores Acquisition of GM’s European Division – Bloomberg: … Peugeot and Citroen cars, is exploring an acquisition of General Motors Co. … has refreshed Opel’s image with models like the stylish Adam city car.
- Daimler strikes electric vehicle agreement with workers at German plant – Reuters: Journalists wait for the arrival of Daimler AG CEO Dieter Zetsche before the car maker’s annual news conference in Stuttgart, Germany, February 2, …
- Rolls-Royce tumbles to record 4.6 billion pounds loss – Reuters: Rolls-Royce suffered a record headline loss of 4.6 billion pounds on Tuesday as a fine to settle bribery charges and the collapse in the pound from Brexit capped a difficult few years for the British aero engine maker.
- GM plans sale of Vauxhall and Opel brands to PSA – Autocar: Talks between General Motors and the parent company of Citroen, DS and Peugeot are said to be at an advanced stage
- Peugeot shares jump on talks to merge with GM’s Opel – For more see the European equities … – Reuters: … * Cove Street Capital Llc discloses 5.3 percent passive stake in Dundee Corp. Class A as of December 31, 2016 – SEC filing Source text for Eikon: …
- 2017 Ferrari F12 M due in Geneva with final naturally aspirated V12 – Autocar: Power output could close in on the 769bhp of the Ferrari F12tdf; rear steering and dual-screen infotainment also expected
- Lexus LS 500h flagship hybrid to make debut at Geneva motor show – Autocar: First picture of the new Lexus LS 500h Electrically-assisted version of Lexus’s new luxury saloon will share its powertrain with the LC 500h and get more than 350bhp
- Peugeot in late stage talks to buy GM’s Europe division – FT: PSA Group, the maker of Peugeot and Citroen cars, is in late stage talks with General Motors to combine the two groups European businesses,…
- Tata Motors posts 96 percent profit plunge – Reuters: Tata Motors on Tuesday reported a worse than expected 96 percent fall in net profit for its third quarter, citing slow growth in sales at its British luxury carmaker Jaguar Land Rover and losses in its domestic business.
- Exclusive: GM’s Opel and PSA Group in merger talks – sources – Reuters: … LONDON/FRANKFURT General Motors and PSA Group are in advanced discussions to … GM and PSA, the maker of Peugeot, Citroen and DS cars, already share …
- Toshiba in need of its own Carlos Ghosn – Nikkei: When Carlos Ghosn took the reins at Nissan Motor in 1999 — while continuing to serve as chairman of French carmaker Renault — the Japanese…
- Sensex, Nifty end nearly flat; Tata Motors drags – Reuters: Indian shares ended nearly flat for a second straight session on Tuesday amid weak Asian markets, while losses in auto stocks led by Tata Motors offset gains in energy and IT stocks.
- Audi’s China Sales Plunge Amid Dealer Dispute as Rivals Catch Up – Bloomberg: Audi’s auto sales in China slumped in January after the Volkswagen AG luxury … Volkswagen and SAIC already make VW-brand and Skoda vehicles…
- China’s Electric Vehicle Market Hits the Skids – WSJ: Take away the props holding up China’s electric car market, and it comes crashing down all too fast. Sales of new-energy passenger vehicles…
- European Stocks Hold Steady Near One-Year High; Peugeot Gains – Bloomberg: Automakers gained 1.1 percent, with Peugeot SA among the biggest advancers after the firm’s owner was said to be exploring an acquisition of…
- Nissan Faces South Korea Criminal Complaint, Probe Over Fuel Economy – WSJ: SEOUL-The South Korean government has filed a criminal complaint against Nissan Motor Co.’s Korean unit for allegedly manipulating the results of…
- South Korea files complaint against Nissan on mileage claims, probes 2 others – Reuters: South Korea has filed a complaint against Nissan Motor’s South Korean unit alleging that the Japanese car maker manipulated the fuel economy test results of its Infiniti Q50 sedan, a government official said on Tuesday.
- Tesla takes on Gulf gas guzzlers – Guardian: Electric carmaker Tesla announced the opening of a new Gulf headquarters Monday in Dubai, aiming to conquer an oil-rich region better known for gas guzzlers than environmentally friendly motoring. Elon Musk, the co-founder and chief executive of the…
- Toyota’s hybrid sales zip past 10m mark – Nikkei: Toyota Motor’s cumulative sales of the Prius and other hybrid vehicles have exceeded 10 million units, the Japanese automaker said on…
- Britain’s Rolls-Royce posts record reported loss – Reuters: Rolls-Royce posted a record reported loss of 4.6 billion pounds ($5.8 billion) on Tuesday as a fine to settle bribery charges and the collapse in the pound from Brexit capped a difficult few years for the British aero engine maker.
- BRIEF-GM China venture to recall 161,281 vehicles for gear shift issue – quality watchdog – Reuters: China’s General Administration of Quality Supervision, Inspection and Quarantine says:
- BRIEF-Grammer says plans strategic partnership with Ningbo Jifeng Auto Parts – Reuters: The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. has not verified the newspaper reports, …
- Murders, robberies of drivers in Brazil force Uber to rethink cash strategy – Reuters: On a Thursday night last September, Uber driver Osvaldo Luis Modolo Filho accepted a ride request from a teenage couple on the eastern edge of Sao Paulo, to be paid in cash.
- South Korea sues Nissan over mileage claims, probes BMW, Porsche – Reuters: The logo of Nissan is seen through a window of a bus passing by its dealership in Seoul, South Korea, May 16, 2016. REUTERS/Kim Hong-Ji/File …
- Toyota Global Hybrids Sales Surpass 10 Million – Yahoo: PLANO, Texas, Feb. 13, 2017 /PRNewswire/ — Toyota announced today that it has achieved more than 10 million cumulative units of hybrid vehicle…