Top News:
- Tesla Model S 60 and 60D killed off due to low sales – Autocar: Tesla has killed off its cheapest model Entry-level electric model has been removed due to lack of demand and to simplify the model’s line-up
- The 12 most expensive cars sold at auction – Autocar: Ferrari 250 GTO Classic cars can sell at auction for more than $30 million these days. Here are the 12 priciest cars sold at auction to date
- Germany increases electric car charging points 27 percent in 2016 – Reuters: The number of electric cars in Germany rose 29 percent to 77,153 in 2016, up from just 4,000 in 2011
- BRIEF-Nvidia says Tencent cloud adopts Nvidia Tesla for AI cloud computing – Reuters: * New tencent cloud offerings to use nvidia pascal-based gpu computing and deep learning platform
- VW finance arm has record 2016 profit despite dieselgate – Reuters: … before the end of June, Fiedler said. ($1 = 0.9274 euros)
- Toyota brings Lexus to India with eye on growing affluence – Automotive News: Toyota is bringing Lexus to India more than two decades after introducing the marque in China, an acknowledgment of the second-most populous country’s potential for luxury demand.
- BMW China venture’s vehicle sales to rise 20 percent in 2017 – Reuters: Brilliance China Automotive Holdings Chairman Wu Xiaoan speaks during a news conference on the company’s annual … REUTERS/Bobby Yip.
- German parliament gives controversial road toll green light – Reuters: Under the toll, cars that pollute less will pay a lower rate. The maximum annual cost for a foreign vehicle would be 130 euros. ($1 = 0.9259 euros) …
- German environmental lobby sues motor authority over VW scandal – Reuters: German environmental group Deutsche Umwelthilfe (DUH) has filed a suit against German motor authority KBA, accusing it of failing to act robustly enough over Volkswagen’s diesel emissions scandal.
- How to Beat Tesla? Mercedes and BMW Take Different Roads – WSJ: For two companies that make similar products in similar numbers, BMW and Daimler are placing radically different bets on the future of the car.
- New mild hybrid tech will shake up green car sales – Automotive News: That’s compared with 6 percent for plug-in hybrids, 3 percent for full hybrids and 3 percent for full-electric vehicles in the same time frame. Currently…
- Meet the man beating Uber at its own game in Asia – CNBC: Singapore-based ride hailing app Grab has the majority of market share in Southeast Asia and it is not slowing down, its co-founder and chief executive said.
- Even Germany’s Post Office Is Building an Electric Car – Bloomberg: This boxy, bare-bones van has no air conditioning or radio, no passenger seat and a top speed of less than 50 miles an hour. Yet the electric vehicle’s…
- Uber reviews India leasing scheme as driver incomes drop – sources – Reuters: Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told .
- BRIEF-Ride-Sharing service Lyft latest to remove Youtube ads – NYT – Reuters: * Ride-Sharing service Lyft latest to remove Youtube ads after they appeared next to offensive videos – NYT
- Lexus Set to Enter India to Target Increasingly Affluent Buyers – Bloomberg: Toyota Motor Corp. is set to bring its premium Lexus brand to India more than two decades after introducing the marque in China, an acknowledgment…
- Howes: Behind Blue Oval profits, Ford wrestles future – Detroitnews: Ford Motor Co. predicted Thursday that its earnings this year will trail those posted last year, in part because the Dearborn automaker is placing big…