Top News:
- GM’s ‘Unbranded’ ad for Chevy Malibu wins new Nielsen award – Automotive News: Chevrolet’s “Unbranded” ad for the 2016 Malibu won the first-ever Automotive Tech Ad of the Year award from Nielsen during the 11th annual Automotive Advertising Awards at the New York auto show.
- Tesla Investors Press for Board Members Without Ties to Musk – Bloomberg: … board directors who don’t have ties to Elon Musk, a sign that concerns over the electric-car maker’s corporate governance remain as its shares soar.
- McLaren 720S to launch in China with 570GT Commemorative Edition – Autocar: New supercar to arrive at Shanghai motor show as British brand looks to increase presence in market
- Mercedes vs. Tesla Is an Epic Tale – Bloomberg: Especially when you consider that Daimler’s mighty Mercedes-Benz unit sold two million cars for the first time last year. Tesla sold fewer than 80,000.
- Insurance Institute for Highway Safety (IIHS) Names Mitsubishi Motors Outlander and Outlander … – Yahoo: Mitsubishi Motors North America, Inc. (MMNA) earned recognition from IIHS for its safe and affordable used car offerings on the Outlander and…
- Ferrari Shares Beat Tesla as Higher Supercar Output Lifts Profit – Bloomberg: While Tesla Inc. grabbed headlines this week by becoming America’s most valuable carmaker, it’s Ferrari NV that’s been rewarding shareholders the most lately, with a 74 percent surge in the Italian company’s stock price over the past year. Ferrari’s …
- Dodge Challenger SRT Demon unveiled at New York motor show – Autocar: The Dodge Challenger SRT Demon has been revealed at the New York motor show, with 829bhp and 770lb ft of torque. 829bhp Challenger takes 2.3sec to reach 60mph, and claims the fastest quarter-mile record for a production car
- Toyota’s Carter: As U.S. peaks, spiffs ‘higher than we’ve ever experienced’ – Automotive News: The U.S. auto market has peaked and will shrink this year, with manufacturers using unprecedented incentives to support passenger cars through slumping demand, Toyota’s U.S. sales chief said.
- Japan automakers look to robots to keep elderly on the move – Reuters: Japanese automakers are looking beyond the industry trend to develop self-driving cars and turning their attention to robots to help keep the country’s rapidly graying society on the move.
- Ford ends Focus EV production in Europe – Automotive News: Ford Motor has ended European production of the full-electric version of its Focus as it shifts its strategy for low emission vehicles to hybrid…
- SJ: Peugeot, on the heels of acquiring General Motors Co.’s Opel unit in Europe, plans to take on the Detroit auto giant in its own backyard. The catch is it…
- Hyundai to debut all-new Genesis concept in New York – Yonhap: Hyundai Motor Co. will unveil an all-new concept car under its Genesis luxury brand at the New York Auto Show, the…
- VW to Unveil First Electric Crossover Model in Tesla Challenge – Bloomberg: Volkswagen, which dethroned Toyota Motor Corp. as the world’s best-selling automaker last year, must balance the huge expenses of developing battery-powered vehicles and new digital features with the financial fallout of its diesel-emissions cheating…
- Daimler 1Q Profit Surges on Rising Demand – Bloomberg: ‘s Bendikt Kammel reports earnings from Daimler. He speaks with Matt Miller and Guy Johnson on ” Markets: European Open.
- Subaru Makes an Even Sleeker Outback – Bloomberg: Someone shopping for a new car in America has roughly 350 models to choose from. Subaru’s Outback, still weird and wonderful after 23 years,…
- Daimler shares rise after results boosted by Mercedes sales and one-off gains – Reuters: Daimler AG shares rose more than 3 percent in early trade on Wednesday after the Mercedes maker reported higher than expected first-quarter earnings, boosted by one-off gains and a rise in sales of luxury cars.
- AutoNation CEO says Tesla’s valuation is ‘inexplicable’ – CNBC: AutoNation CEO Mike Jackson took aim at Tesla on Tuesday, saying the company’s market cap surpassing that of General Motors’ is “inexplicable.”.
- Toyota robot to keep elderly mobile, one step at a time – Reuters: Toyota Motor Corp said it will commercialise rehabilitation robots later this year when it makes its robotic walk assist system available for rent, joining Honda Motor Co in marketing mobility devices for Japan’s ageing population.
- BRIEF-BMW sales chief confident 2017 will be another record – Reuters: BRATISLAVA, April 12 Here are news stories, press reports and events to watch which may affect Slovak financial markets on Wednesday. ALL TIMES …
- Daimler shares climb after profits beat forecasts – FT: Daimler jumped to the top of the Dax on Wednesday morning, after the Mercedes parent said first-quarter earnings were far above market forecasts.
- Volkswagen offers 6-year warranty to win back US customers – CNBC: Volkswagen AG is trying to win back American customers after its diesel emission scandal with SUV warranties that it said will be the longest in the…
- BRIEF-Volkswagen says VW brand sales up 2.5 percent in March – Reuters: * Says VW brand sales up 2.5 percent in March to 557,400 vehicles, down 1.3 percent in Q1
- Four-cylinder Jaguar F-Type revealed with 296bhp – Autocar: The Jaguar F-Type four-cylinder has been revealed as the new entry-level car in the F-Type lineup, on sale for £49,900 with first deliveries slated for mid to late summer. Four-cylinder engine is the smallest yet offered in the F-Type; new entry-level car to be priced from £49,900
- Daimler first-quarter profit surges 87 percent on strong Mercedes sales – Reuters: REUTERS/Fabian Bimmer … EBIT at the Mercedes-Benz Cars unit rose 60 percent to 2.23 billion euros, delivering a return on sales of 9.8 percent …
- Daimler’s First-Quarter Earnings Surge on Mercedes Success – Bloomberg: Daimler AG’s first-quarter profit almost doubled as surging demand for Mercedes-Benz cars like the new E-Class sedan helped to widen its sales lead…
- Daimler Reports Surge in First-Quarter Profit on Mercedes Sales – Bloomberg: Daimler AG’s first-quarter profit almost doubled on rising demand for Mercedes-Benz cars including the new E-Class sedan as well as one-time gains,…
- Lincoln’s 2018 Navigator lighter, faster and more spacious – Automotive News: Ford’s Lincoln Navigator has been redesigned and re-engineered to be lighter, faster, more spacious and more luxurious to help the brand recapture lost ground in the profitable full-size luxury SUV market.
- Kia packs 2018 Rio with more tech – Automotive News: When the fourth-generation Kia Rio arrives at U.S. dealerships this year, customers will find sharper styling and more available tech features on the subcompact.
- Meet the 840-Horsepower Dodge Challenger SRT Demon – Bloomberg: …. The car features a supercharged 6.2-liter Hemi Demon V8 engine that gets 840 … Dodge’s debut set off a New York International Auto Show running slim on exciting new cars, and on … If that happens, the car will default to the premium fuel option until the engine is shut off and restarted.
- Lincoln debuts first all-new Navigator in a decade – Detroitnews: 2018 Lincoln Navigator gets in shape to return to the full-size SUV fray
- Forget Uber. Ford’s Lincoln Division Will Lease You A Driver Vetted To Serve – Forbes: In the never-ending battle among luxury automotive brands for supremacy, Ford Motor Co.’s Lincoln division is contemplating an unusual tactic that…
- Automakers aim to strike deal with EPA, Calif. over 2025 emissions targets – Automotive News: A trade group representing automakers hopes to reach a deal with California and the Trump administration over vehicle fuel efficiency standards. The White House plans to hold negotiations with car companies and California over the mpg rules.
- Tesla investors seek stronger boardroom controls – FT: Five of Tesla’s six non-executive directors “have professional or personal ties to Mr Musk that could put at risk their ability to exercise independent judgment”, according to the letter, which was addressed to Antonio Gracias, Tesla’s lead independent …
- Audi Turns Up The Heat With Sporty RS Models – Forbes: As Audi of America continues its strong upward trajectory in the US luxury market, the company is launching the Audi Sport brand here, accompanied…
- Revised Mercedes-Benz S-Class ups self-driving game and gets 48V system – Autocar: Select media were given access to the new S-Class for a matter of seconds ahead of next week’s reveal There are only minor design tweaks to the S-Class, with Mercedes instead focusing on driver assistance systems; we’ve taken a ride to see how it fares
- Tesla’s Market Surge Has Even Fans Looking for Feet of Clay – New York Times: … Dennis Pascual in his Tesla Model S in the driveway of his home in Long Beach, Calif. … has grown to $50 billion – roughly equal to that of General Motors, which sold…
- Automakers hope to reach U.S. deal on 2025 vehicle emissions – Reuters: A trade group for automakers said on Tuesday it hopes to reach a deal with California and the Trump administration over vehicle fuel efficiency standards.
- German Car Brand Gets New Lease on Life With Chinese Money – Bloomberg: Borgward, the Bremen car brand revived by a state-owned Chinese bus maker after going bust in 1961, has surprised many including its own CEO by…
- FCA pumps up performance cred with Dodge Demon, Jeep Grand Cherokee Trackhawk – Automotive News: Dodge created a specialized version of its 8-year-old Challenger coupe specifically for drag racing by cutting weight, increasing horsepower and making other changes to boost acceleration off the line.
- White House Seeks Car-Efficiency Talks With California – Bloomberg: A fresh agreement on vehicle efficiency could limit the risk that a U.S. review of standards for 2022-25 leads to a fractured auto market, with federal…
- Tesla is valued as high as Ford and GM – but that has nothing to do with what it’s done so far – Yahoo: Tesla’s stock has been on fire for much of 2017, but things came to a head this week when the electric carmaker’s market cap reached more than $51…
- Daimler Group’s EBIT significantly better than market expectations in first quarter 2017 – Yahoo: Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans…
- Tesla’s Rise on a Wave of Shareholder Optimism – New York Times: … Elon Musk, the chief executive of Tesla, speaking at an event in Dubai in … Take Apple in 2004.
- Why Investors Should Think Twice Before Buying Into Tesla – Fortune: When Tesla Inc.’s market capitalization surpassed General Motors (gm, -0.15%) Monday and Ford Motor Co. (f, +0.27%) last week, it became the most…
- Tesla’s Valuation Is ‘Inexplicable’: AutoNation CEO – Bloomberg: The relative value of Tesla and General Motors Co. is headed for a correction, as the latter is “clearly” undervalued, Mike Jackson, the chief executive…
- Qoros to Unveil Model K-EV Concept at Shanghai Auto 2017 – Yahoo: … Qoros Automotive Co., Ltd. (Qoros Auto) is set to reveal Qoros Model K-EV, its newest high-performance electric concept car at Shanghai Auto 2017.