Top News:
- Volvo recruits former BMW, GM exec to lead procurement – Automotive News: Volvo has lured former BMW and General Motors purchasing executive Martina Buchhauser to lead procurement at the fast-expanding automaker.
- Another black eye for Uber after police find fake badge, gun in driver’s car – CNBC: A 57-year-old Uber driver has been arrested in South Carolina for having a loaded gun in his car.
- EU Industry chief sees ‘fast’ phase-out of diesel post-VW scandal – Reuters: Europe’s industry chief said she saw diesel engines disappearing from markets much faster than expected as the European Parliament on Tuesday endorsed tougher rules aimed at preventing a rerun of the Volkswagen emissions cheating scandal.
- Tesla Passes Ford in Market Value as Investors Bet on the Future – New York Times: On Monday, Tesla surpassed Ford Motor in market value for the first time and moved within striking distance of General Motors, starkly illustrating the…
- Mercedes, Bosch Join Forces to Accelerate Rollout of Robo-Taxis – Bloomberg: Mercedes-Benz parent Daimler AG and automotive technology giant Robert Bosch GmbH are teaming up to bring driverless taxis to city streets by…
- Mercedes Will Retain Global Premium Sales Crown In 2017, And For Years To Come – Forbes: For 2017, CAR believes Daimler’s Mercedes will retain the crown with sales of 2,250,000, followed by BMW’s 2,100,000 and Volkswagen subsidiary…
- EU Parliament backs tougher car approval rules after VW scandal – Reuters: FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal …
- Uber is ‘5000 times worse than Google’s Waymo at self-driving cars’ – Guardian: According to driving statistics published by California, Uber is the worst of six major self-driving car companies testing its vehicles in the state.
- European Stocks Little Changed as Carmakers Slide, Miners Rise – Bloomberg: The U.S. auto data are weighing on investor sentiment, as “car sales typically have a strong correlation with stock markets,” Jasper Lawler, an analyst…
- Bosch, Daimler partner on self-driving taxi service – Automotive News: Robert Bosch and Daimler are partnering to develop a system that will enable a self-driving taxi service by 2020 by the start of the next decade.
- Mercedes joins forces with Bosch to develop self-driving taxis – Reuters: Mercedes-Benz parent Daimler and supplier Robert Bosch [ROBG.UL] are teaming up to develop self-driving cars in an alliance primarily aimed at accelerating the production of “robo-taxis”.
- Bosch and Daimler are working together to develop a driverless taxis for cities. Courtesy of Bosch. – Fortune: The autonomous driving system that Daimler and Bosch plan to develop … and hardware skills to accelerate the development of self-driving taxis-a…
- Bosch and Daimler Partner To Get Driverless Taxis To Market By Early 2020s – Forbes: In the latest chapter, Bosch, the world’s largest auto parts maker, and Mercedes-Benz parent Daimler are partnering to create driverless taxis.
- London to bring forward new levy on most polluting vehicles – Reuters: REUTERS/Yves Herman … An Ultra Low Emission Zone (ULEZ), in which cars must meet stringent emissions standards to enter or pay a charge, will …
- German new car sales jump about 11 percent to 360000 autos in March – source – Reuters:
- Mercedes-Benz, Hyundai pull advertising from Bill O’Reilly’s show amid sexual harassment … – Washington Post: Mercedes-Benz and Hyundai are pulling ads from Fox News host Bill O’Reilly after a report revealed that the conservative pundit and…
- Nissan wants to be ‘core of alliance’ says new chief Saikawa – Nikkei: Nissan Motor President and CEO Hiroto Saikawa, who was passed the baton from … Q: Mitsubishi Motors joined the alliance in October.
- Mercedes Pulls Ads From `O’Reilly Factor’ on Harassment Claims – Bloomberg: … we don’t feel this is a good environment in which to advertise our products right now,” Mercedes, a unit of Daimler AG, said Monday in a statement.
- South Korean automakers cut China production amid missile row: sources – Reuters: South Korea’s Hyundai Motor Co and Kia Motors Corp have sharply cut vehicle production in China, sources said, as anti-Korean sentiment and competition from Chinese brands play havoc on sales and threaten earnings.
- What the Slump in US Car Sales Tells Us – Bloomberg: Tim Haywood, investment director at GAM, discusses the slump in U.S. car sales, the current state of markets and the flow of money to ETFs.
- Hyundai Motor, Kia Motors cut China output amid diplomatic tensions – sources – Reuters: South Korea’s Hyundai Motor Co and Kia Motors Corp have slashed vehicle production in China, people familiar with the matter told , amid diplomatic tensions and competition from local brands.
- Geely’s Volvo says sales rose 9.3 pct yr/yr in March – Reuters: STOCKHOLM, April 4 Geely-owned Volvo Car Group said late on Monday its sales rose 9.3 percent year-on year in March as growth in Europe and …
- Hyundai And Kia Are Slashing Production in China Amid Diplomatic Tensions – Fortune: South Korea’s Hyundai Motor (hyundai.motor) and Kia Motors (kimtf) have slashed vehicle production in China, people familiar with the matter told…
- Howes: Sliding car sales help trucks, SUVs, bottom line – Detroitnews: Automakers reaping reward after paying penance selling hybrid vehicles post-bailout Washington wanted from them
- Hyundai, Kia shares drop on report of cuts to China production – FT: Shares in South Korea’s Hyundai Motor and Kia Motors are down following a report that the companies have cut China output amid tensions over…
- Agnelli family’s Exor hunts for stakes in Italy’s smaller businesses – FT: Exor, the $13bn Agnelli family investment company that owns Fiat and Ferrari, is planning to take minority stakes in Italy’s smaller businesses and…
- Google Says Former Driverless-Car Executive Developed Rival Before Exit – WSJ: Google accused its former driverless-car executive Anthony Levandowski of quietly developing a competing company for more than three years before he left the internet giant and eventually sold the business to Uber, according to legal documents released Monday.
- Waymo Targets a Second Senior Executive in Uber Self-Driving Car Dispute – Fortune: Alphabet’s self-driving car unit Waymo initiated private legal proceedings against two former executives who launched a rival company acquired by…
- Fuel economy, autonomous-drive ideas win big at PACE 2017 – Automotive News: DETROIT –andnbsp;Supplier breakthroughs on advanced electronics and lighter-weight parts proved a common theme here Monday night at the 2017 PACE Awards.
- BMW Tops Mercedes for First Time in 2017, Narrowing the U.S. Luxury Race – Bloomberg: BMW AG topped its rival in the U.S. luxury auto market for the first time this year, eeking out a monthly sales gain and gaining ground on Daimler AG’s…
- Barra’s pay falls in 2016 after one-time awards – Automotive News: Mary Barra received a 14 percent salary increase in 2016, her third year as General Motors CEO, but total compensation for Barra and each of her top three lieutenants declined because of one-time stock options given out the previous year.
- Mazda Canada reports sales for March 2017 – Yahoo: Mazda Canada Inc. (MCI) today reported March sales of 6,942 vehicles, representing an increase of 14.8…
- Questions raised over Levandowski actions while at Alphabet – FT: The revelation is the latest in a high-stakes legal battle between Alphabet and Uber, which are both competing to master self-driving car technology so…
- U.S. Car Demand Collapses in Threat to Trump’s Factory Push – Bloomberg: That’ll be hard to pull off: A glut of both new and used vehicles on the market has sparked an incentives battle, meaning new production lines are the…
- Mercedes-Benz Canada breaks monthly and Q1 sales records – Yahoo: Mercedes-Benz Canada and its national dealer network are pleased to announce the company’s best-ever March…
- Ex-Google self-driving engineer secretly collaborated with competitors, suit says – Guardian: Waymo, the self-driving car company owned by Google’s parent Alphabet, filed the suit against Uber in February, accusing the company of ‘calculated…
- LUXURY: BMW gets first win over Mercedes in 2017 – Automotive News: BMW topped its rival in the U.S. luxury auto market for the first time this year, eeking out a monthly sales gain and gaining ground on Mercedes-Benz.
- Ex-Google Self-Driving Car Engineer Made More Than $120 Million – Bloomberg: The autonomous vehicle unit, now called Waymo, claimed in an arbitration demand against the former employee, Anthony Levandowski, that he…
- HYUNDAI/KIA: A rough month all around – Automotive News: Hyundai/Kia slumped in March, with sales falling 11 percent to a total of 118,694 units. The results were well behind the 1.7 percent decline for the…
- Toyota’s faith in hydrogen is logical – FT: Toyota’s faith is equally logical: a fuel cell vehicle is also electric, has zero local emissions, but can refuel in five minutes and run for up to 800km.
- NISSAN: A big lift from light trucks – Automotive News: Infiniti sales jumped 33 percent to 18,266. Nissan brand increased just 0.5 percent to 150,566 as weak car sales offset most of the truck-side gains.
- Tesla speeds by Ford in market capitalization – CBS News: Tesla Motors (TSLA), the electric-car maker, has bolted past Ford (F) to become America’s second-largest automaker as measured by market value.
- HONDA: A drag from weak cars, Acura – Automotive News: Honda Division was up marginally again in March, with U.S. sales rising 1.8 percent to 125,531. Much of the gain came from light trucks, which rose 13…
- Honda Canada Sets All-time Monthly Record in March – Yahoo: Combined March sales of 19,175 units by the Honda and Acura divisions of Honda Canada Inc. represented a…
- Made-in-Canada, For Canadians – Strong March Sales for Toyota Canada Inc.’s Corolla, RAV4 and … – Yahoo: Two Toyota vehicles and one Lexus SUV – all proudly made in Canada – had particularly strong March sales for.