Top News:
- GM to cut 600 South Africa jobs by July as it pulls out of country – Reuters: South Africa’s top manufacturing union NUMSA said late Monday that 600 workers out of 1,500 at General Motors SA will lose their jobs by July after a decision last week by the car maker to sell its local operations.
- CEO says changing VW culture proving tougher than expected – Reuters: * CEO says unclear when culture change will be achieved (Adds more CEO comments, detail and background)
- Detroit 3 to skip connected car-themed Tokyo show – Automotive News: This year’s Tokyo Motor Show is positioning itself as a connected car showcase of trends “beyond the motor,” but the futuristic theme isn’t enough to draw the Detroit 3.
- 2017 Ford Ecosport tests on UK roads ahead of September launch – Autocar: reader Phil Moulton spotted this development car in North Wales Ford’s facelifted compact SUV is tipped for a debut this autumn; it’ll gain Sync3 infotainment and possibly an optional four-wheel-drive system
- French VW probe identifies 22.78 billion euros in diesel sales: paper – Reuters: France’s consumer fraud watchdog believes Volkswagen made 22.78 billion euros ($25.65 billion) in sale proceeds on cars sold in the country with illegal defeat devices, Le Monde reported o=
- China’s LeEco to slash U.S. jobs amid global pull-back – source – Reuters: China’s embattled LeEco aims to cut its U.S. workforce to around 60 people from about 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations to shake off a cash crunch, a person with knowledge of the plan said.
- Hong Kong police arrest 21 Uber drivers – Reuters: Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber Technologies Inc’s [UBER.UL] operations in the Asian financial city…
- Volkswagen’s CEO Says Changing the Automaker’s Corporate Culture Is ‘Not an Easy Undertaking’ – Fortune: But efforts to convince people in Volkswagen ‘s (vlkpf) broad middle … After Porsche’s ill-fated attempt in 2008-09 to take over VW, it took him three…
- Aston Martin’s future car will 3-D scan your body for the driver’s seat – CNBC: Imagine a Formula One style performance car pulling up next to you at a red light and you have the vision behind Aston Martin’s next ambitious project…
- Howes: Fields’ Ford failure offers lesson for successor – Detroitnews: Can new CEO Hackett recreate teamwork ethos in century-old automaker prone to executive back-biting, palace intrigue?
- Wall Street rears its head following Ford shakeup – Detroitnews: Dearborn – Ford Motor Co. fired its CEO, appointed a new one with a reputation for innovation – and Wall Street yawned Monday. The Blue Oval’s…
- CEO Who Sold Furniture to Steve Jobs Now Aims Ford at the Future – Bloomberg: Now he has to convince investors and car buyers that Ford Motor Co. has a better idea for self-driving vehicles than the smarties in Silicon Valley…
- Electric car makers look along the road to contactless charging – FT: As a result, the industry is turning its attention to a time when there will be too many electric cars on the road for conventional top-up chargers.
- India Expected to Be World’s Biggest Car Market by 2021 – Bloomberg: Frost & Sullivan Senior Vice President Mobility Practice Asia-Pacific Vivek Vaidya discusses his outlook for Tata Motors, and talks about the India auto…
- New entry-level Mercedes-Benz petrol engines on the way – Autocar: Current generation of Mercedes-Benz A-Class Set to be introduced alongside the new generation of A-Class, new entry-level engines with follow in CLA, GLA and B-Class
- 2018 Bentley Continental GT to be brand’s most high-tech car yet – Autocar:
- 2 Stories That Show Why Self-Driving Won’t Come Easily – Barrons: Ford is promoting its self-driving exec to the CEO role just as Uber struggles with its self-driving pilot in Pittsburgh. The race to build autonomous cars…
- Volkswagen CEO says enforcing culture change poses challenges – Reuters: Volkswagen CEO Matthias Mueller attends the annual shareholder meeting in Hanover, Germany May 10, 2017. REUTERS/Fabian Bimmer.
- CarLab’s Noble Says It Takes 5-Years to Plan Vehicle – Bloomberg: Ford Motor Company is said to be replacing Chief Executive Officer Mark Fields with turnaround specialist Jim Hackett as the automaker looks to…
- Investors skeptical Ford CEO change will revive stock price – Reuters: The S&P 500 index has jumped nearly 17 percent over the same time, while shares of competitor General Motors Co (GM.N) are up about 8 percent …
- German tortoise and Tesla hare in electric car race – Autocar:
- Ford falls behind. But never give up on American ingenuity. – Chicago Tribune: Tesla, the electric vehicle startup, did something remarkable last month: It surpassed Ford and GM to become the country’s most valuable car company…
- Ford chooses self-drive chief to spearhead turnround – FT: Jim Hackett, named chief executive of Ford on Monday, has promised swifter decision-making to turnround an automaker whose profits have fallen…
- Kenya’s Struggling Uber Drivers Fear a New Competitor: Uber – New York Times: James Njoroge, an Uber driver in Nairobi, earns barely $5 at the end of a grueling 10-hour workday ferrying customers through snarled traffic across the Kenyan capital. Now a new competitor is in town, threatening to undercut even …