Top News:
- BMW CEO expects China to clarify electric car policy in next weeks – Reuters: BMW Chief Executive Harald Krueger said he expected Chinese authorities to soon clarify the size of a proposed quota for electric cars as the German carmaker overhauls its production system to make more zero-emission vehicles.
- Porsche SE has no information about Piech’s stake sale talks – Reuters: Porsche SE , Volkswagen’s majority shareholder, said it has no information about former VW chairman Ferdinand Piech’s talks with the carmaker’s controlling families about a possible sale of his stake.
- Gang of Hackers Tries to Steal Baidu’s Driverless Car Secrets – Bloomberg: … The Beijing-based company’s head of cybersecurity, Ma Jie, said it was unclear who…
- Porsche SE Posts Profit as Owner Clan Plans to Buy Out Piech – Bloomberg: Porsche SE is now wholly an investment company after automaker Volkswagen, its primary asset, took control of the Porsche sports-car brand in 2012.
- BMW Fights Back Against Mercedes With Biggest Model Launch Ever – Bloomberg: Chief Executive Officer Harald Krueger is seeking to revitalize growth after profitability fell to a six-year low in 2016 and sales slipped behind Mercedes…
- BMW Reviewing UK Plant Options Post-Brexit Amid Trade Threats – Bloomberg: The Munich-based manufacturer, which makes vehicles for its Mini brand in Oxford, Rolls-Royces in Goodwood and engines in Hams Hall,…
- Google’s Waymo Poaches Ebay Exec to Negotiate Self-Driving Car Legislation – Fortune: Waymo, the Google self-driving project that spun out to become a business under Alphabet, has hired away an eBay executive to head up its public…
- BMW vows fresh offensive as sales slip behind Mercedes – FT: Chief executive Harald Krüger promised an “offensive” from the German premium marque this year, after the group slipped behind its Daimler-owned…
- BMW Bets on Refreshed Autos in Tussle With Daimler – WSJ: MUNICH-BMW AG is targeting record sales, revenue and earnings this year, as the company revs up development of new models and technology…
- Ride-hailing rivals can agree on this point – CNBC: Indonesian regulations set to take effect April 1 will make it harder for Uber, Grab and Go-Jek to compete.
- ARM Unveils New Chip Design Targeted at Self-Driving Cars, AI – Bloomberg: ARM, the U.K.-based semiconductor design firm, introduced a new chip targeted at markets ranging from self-driving cars to artificial intelligence.
- BMW says UK remains important but Brexit uncertainty looms – Reuters: German car manufacturer BMW, which owns the Mini brand, said the importance of Britain as a manufacturing location hinged on how successfully it negotiates its exit from the European Union.
- Mitsubishi Motors doing its homework – Nikkei: The capital injection Mitsubishi Motors got from Nissan Motor … Mitsubishi’s Okazaki plant, which produces SUVs, spreads over a 1 million…
- BMW aims for slight increase in profit in 2017 – Reuters: BMW’s electric cars have until now been built on a separate, low-volume production line. The group is targeting a slight rise in sales volume, revenues …
- Look Under the Car Inc. Hood – Bloomberg: A credit-rating cut by Moody’s Investors Service has prompted equity and debt investors to take another close look at Chinese car rental business Car…
- Southeast Asian ride hailing firm Grab expands to Myanmar – Reuters: Ride hailing firm Grab, the main Southeast Asian rival of Uber Technologies Inc, launched services in Myanmar on Tuesday, expanding operations to a seventh country in the region.
- Hyundai Motor shares rally on restructuring speculation – Reuters: Hyundai Motor Co shares gained the most in over five-and-a-half years on Tuesday on speculation that its parent group, controlled by Chairman Chung Mong-koo, will reorganize its ownership structure.
- VW hurries new EVs to meet CO2 targets – Automotive News: Volkswagen must have the first of its I.D. purpose-built electric cars on sale in 2020 to achieve CO2 reduction targets in Europe and…
- Rumors that hedge fund Elliott has bought Hyundai Motor stake not true – source – Reuters: Market rumors that U.S. activist hedge fund Elliott Management Corp has acquired a stake in South Korea’s Hyundai Motor Co are not true, a person familiar with the matter told on Tuesday.
- China’s Geely set to post earnings jump as Volvo tech boosts sales – Reuters: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim …
- Hyundai Motor: Restructuring In The Works? – Barrons: Hyundai Motor Group’s publicly listed companies soared on Tuesday morning, as investors bet that the Korean industrial conglomerate plans to…
- Land Rover design director vows to put third-party tuners out of business – Autocar: Land Rover’s SVO division will create better variants of the firm’s models in an attempt to render third-party styling houses and tuners obsolete
- Most Americans Feel Unsafe Sharing The Road With Self-Driving Cars – Forbes: Approach-avoidance may be the best way to characterize Americans’ attitudes towards a driverless future. Three-quarters (78%) of U.S. drivers…
- Peters: Michigan could be leader in autonomous vehicles – Detroitnews: Peters, D-Bloomfield Township, said he’s working on legislation with Sen. John Thune, R-South Dakota, to put out framework for self-driving vehicle…
- Peugeot family says Opel deal paves way for global expansion: paper – Reuters: N) division Opel gives the French carmaker greater scale to pursue global expansion plans, family shareholder Jean-Philippe Peugeot told German …
- VW trucks division targets significant profitability gain in 2017 – Reuters: … with 6.1 percent last year, chief executive Andreas Renschler said. (Reporting by Andreas Cremer and Irene Preisinger; Editing by Maria Sheahan) …