Top News:
- Mitsubishi to play key role in global assault on car giants – FT: But when executives from Nissan were parachuted into the scandal-scarred Japanese carmaker six months ago, they faced a task so mountainous…
- Amazon acquires right to buy stake in fuel cell maker Plug Power – Reuters: Amazon.com Inc has acquired the right to buy up to 23 percent of hydrogen fuel cell maker Plug Power Inc , in a deal giving the retailer powerful batteries that promise to speed up work in its warehouses, Plug Power said on Wednesday.
- China’s SAIC Motor posts higher profit; cautions 2017 sales growth to slow – Reuters: China’s largest automaker SAIC Motor Corp Ltd posted a 7.4 percent jump in 2016 profits, slightly lower than it had expected, and cautioned sales growth will slow this year as the country rolls back a tax cut on small-engine cars.
- 2018 Aston Martin Vantage spotted Nurburgring testing – on video – Autocar: The new Aston Martin Vantage has been spotted testing on the Nürburgring, ahead of its launch next year. Model features a Mercedes-sourced turbocharged 4.0-litre petrol V8, shared with the upcoming DB11 V8
- Arianna Huffington Leads Crusade to Deal With Uber’s Scandals – WSJ: Media mogul Arianna Huffington is taking a starring role in Uber’s effort to overcome recent scandals. The results could set her up to be a hero to women in the tech industry-or risk her credibility if the ride-hailing company doesn’t change, analysts say.
- Vauxhall Insignia Country Tourer revealed – Autocar: The Vauxhall Insignia Country Tourer has been revealed as the third and final variant in the Insignia range. Off-roading estate gets all-wheel drive, a new engine and rugged looks
- Mercedes joins forces with Bosch to develop self-driving taxis – Reuters: A company logo on BOSCH building is pictured at the company’s new research and advance development centre Campus Renningen …
- Retro body kit for Citroen Relay celebrates Citroen Type H van – Autocar: The Citroen Type H van has been paid tribute in a retro-inspired bodykit for the Citroen Relay. Citroen Relay owners can now purchase a body kit to mimic the styling of the 1940s Citroen Type H van
- China’s SAIC Motor to buy factory in India from General Motors – Reuters: China’s largest automaker SAIC Motor Corp Ltd on Wednesday said it had signed a formal agreement to buy a General Motors Co factory in India.
- A Chinese automaker is reportedly planning to build a plant in Mexico states hit by Trump – CNBC: The states being considered are Nuevo Leon in northern Mexico and the central state of San Luis Potosi.
- UK new car sales hit record high in March – SMMT – Reuters: British new car registrations hit an all-time high in March, a car industry body said on Wednesday, as customers brought forward sales to beat a tax rise which took effect on April 1.
- BlaBlaCar unveils Opel leasing deal in boost for ride-sharing – Reuters: BlablaCar, Europe’s biggest ride-sharing startup, will offer its drivers lower-cost car deals in a partnership announced on Wednesday with Opel and Societe Generale.
- UK car market hits record high in March 2017 – Autocar: March 2017 was the biggest month ever for new car registrations; experts suggest that new VED charges could be the catalyst
- Toyota: Sell Now – Barrons: Toyota Motor Corp. workers assemble a Mirai fuel-cell vehicle on the production line of the company’s Motomachi plant in Toyota, Aichi Prefecture,…
- Britain could help owners of diesel cars if cities introduce pollution charges – BBC report – Reuters: Britain could help owners of diesel cars if cities introduce pollution charges … London Mayor Sadiq Khan plans to charge the most polluting cars and …
- Mahindra Targets to Start Electric Bus Sales in India Next Year – Bloomberg: Mahindra & Mahindra Ltd., which acquired an Indian electric car maker seven years ago, is targeting to start selling electric buses next year in Asia’s third-biggest economy as the government looks to cut the country’s dependence on fossil fuels.
- Exclusive: China’s Great Wall Motor eyes plant in Mexico states hit by Trump – sources – Reuters: Chinese automaker Great Wall Motor Co Ltd is considering building an auto plant in two Mexican states hit by U.S. President Donald Trump’s drive to make American companies invest at home, sources said.
- UK car sales rise 8 percent in March – preliminary data – Reuters: Around one in five of all car purchases are made in March as it is only one of two occasions in the year when new licence plates are issued. Sales are …
- Seattle judge blocks unionization rule for Uber, Lyft drivers – Reuters: A federal judge on Tuesday temporarily blocked a Seattle ordinance that aims to allow drivers for ride-hailing services like Uber and Lyft to form unions, the first such local law in the United States.
- Brazil lawmakers vote to regulate Uber, other apps – Reuters: Brazil’s lower house of Congress voted on Tuesday to give cities greater power to regulate ride-hailing app Uber and other transportation apps, paving the way for local governments to charge taxes, require insurance and pension benefits for drivers.
- Gig economy creates ripples in Australia’s A$2.1 trillion pension pool – Reuters: When ride-hailing company Uber started in 2014, Sydney resident Rosalina Kariotakis was among the first drivers to sign up, becoming part of the “gig economy” where freelance work is transforming the traditional job market in step with advances in technology.
- Australia new vehicle sales edge higher in March-VFACTS – Reuters: Australian new vehicle sales bounced modestly in March as the timing of the Easter holidays resulted in more selling days compared to the same month last year.
- The Jaguar E-Type Has Been Remarkably Reborn – Yahoo: A bygone beauty is back as Jaguar Land Rover Classic recently announced its Jaguar E-Type Reborn-a new take on a timeless tourer.
- Consumer group calls foul after former highway safety chief joins self-driving car startup – Washington Post: A leading consumer group is raising red flags over a former highway safety chief’s move to join a self-driving vehicle firm he had a hand in regulating…
- GM’s Cruise Poised To Add 1100 Silicon Valley Self-Driving Car Tech Jobs – Forbes: General Motors essentially ended its San Francisco Bay Area presence after a 2009 bankruptcy filing by the old company led it to abandon a…
- Cramer explains why valuation is not the end-all for individual stocks – CNBC: As Wall Street buzzes about automaker Tesla passing rival Ford in market value, Jim Cramer decided to parse the facts and determine who really came out on top. Valuation has always been a touchy subject on the Street, and Cramer firmly believes it…
- GM’s German-made Buick highlights risks from trade policy – Reuters: General Motors Co unveiled a new Buick model called the TourX aimed at Volvo and Subaru’s wagons in the United States market in Detroit, Michigan …
- Mercedes-AMG GLC 63 and GLC 63 Coupe revealed as Porsche Macan Turbo rivals – Autocar: The new Mercedes GLC 63 4Matic+ and GLC 63 Coupe 4Matic models have been revealed New pairing uses same engine as C 63 and come in 469bhp regular or 503bhp S guises; sales commence this June
- Honda to use more standardized parts – Nikkei: Honda Motor will expand the number of common parts that can go into multiple models, working with suppliers to develop the components…
- Ford and GM tops for leadership on automated driving – Detroitnews: A ranking of players leading development of automated driving places Ford at No. 1 and General Motors at No. 2 atop a field of 18 companies that…
- Tesla vs. Ford: Understanding Wall Street’s Math – Barrons: Tesla’s stock is now worth more than Ford’s, even though Ford had 22 times the … shares are now valued at $49.5 billion versus $45.3 billion for Ford.
- Two And A Half Reasons Tesla Became More Valuable Than Ford – Forbes: Tesla’s stock was up $20 to an all-time high of $298.52 on Monday which gave the company a market cap of $48.7 billion and the shares are up…
- BMW, Glaxo and Allstate Join Wave of Advertisers Withdrawing From Bill O’Reilly’s Show – WSJ: BMW AG , Allstate Corp. ALL 0.38% and GlaxoSmithKline GSK 0.02% PLC have joined a growing list of brands that are pulling advertising from Bill…
- The Man Behind The Ford Brand’s Unique Presence In Hollywood – Forbes: Alessandro (Al) Uzielli created and heads up Ford Motor Company’s Global Brand Entertainment (FGBE) office in Los Angeles. In 2004, when the…
- BorgWarner invests $10M in Silicon Valley venture capital fund – Automotive News: BorgWarner is investing $10 million in venture-capital fund AutoTech Ventures to help the supplier monitor advance technologies as the auto industry moves toward electrified and autonomous vehicles.
- Who’s winning the self-driving car race? It’s not the company you think – Washington Post: When you think of self-driving cars, you probably think of Tesla and its well-known Autopilot software. Or perhaps you think of Uber and its recent…
- Tesla Breaks $300 as It Inches Closer to Catching General Motors – Fortune: The sharp increase moves Tesla closer to surpassing General Motors as the … the fact that Tesla produces far fewer vehicles than either Ford or GM.
- Honda’s 10-speed, fwd gearbox breaks new ground on packaging front – Automotive News: A cutaway of Honda’s new 10-speed automatic transmission on display at SAE attracted engineers from other companies, including three from…
- LCHB: California Family Files Suit to Hold Fiat Chrysler Automobiles Accountable for Deadly … – Yahoo: The Jeep Liberty driven by Cesar Almanza Garcia was recalled in 2014 by defendant Fiat Chrysler Automobiles because of fuel-fed fires occurring in…
- GM’s Mary Barra highest paid Detroit 3 exec in 2016 – Freep: General Motors CEO Mary Barra received total compensation valued at $22.6 million in 2016, which is about $6 million less than in 2015, but still the…
- General Motors: An Incentive a Day Can’t Keep the Pressure at Bay? – Barrons: The auto industry looked more like a slaughter house yesterday, as disappointing March auto sales sent share of General Motors (GM) and Ford Motor…