Top News:
- EU Commission launches procedure against Italy over Fiat emission tests – Reuters: The European Commission launched legal action against Italy on Wednesday for failing to respond to allegations of emission-test cheating by Fiat Chrysler , in a procedure that could lead to the country being taken to court.
- Volkswagen CEO Targeted in Emissions Cheating Probe – WSJ: BERLIN-Volkswagen AG Chief Executive Matthias Müller has been targeted for the first time in a probe in connection with events linked to the…
- Audi to extend CEO Stadler’s contract through end of 2022, report says – Automotive News: Audi CEO Rupert Stadler’s contract will be extended by another five years through 2022, people familiar with the matter told .
- Volvo Cars to stop developing new diesel engines -CEO – Reuters: Swedish carmaker Volvo will not develop any new diesel engines as the cost of reducing emissions of nitrogen oxide is becoming too expensive, Chief Executive Hakan Samuelsson was quoted as saying on Wednesday.
- Sensex, Nifty extend gains to hit record closing high – Reuters: Indian shares hit record closing highs on Wednesday, their third straight record close, helped by a surge in auto stocks such as Tata Motors Ltd late in the trading day.
- Audi CEO’s contract to be extended through end-2022: sources – Reuters: The Volkswagen (VOWG_p.DE) luxury division’s supervisory board will approve a third term for Stadler at a meeting later on Wednesday, two sources …
- German prosecutors formally probe Porsche SE execs – Reuters: German prosecutors are formally investigating Porsche SE executives Matthias Mueller and Hans Dieter Poetsch to determine whether they manipulated markets by delaying the disclosure of information pertaining to Volkswagen’s (VW) emissions scandal.
- Italy asks EU to postpone launching legal case over Fiat Chrysler emissions – Reuters: MILAN May 17 Italy has asked the European Union to postpone its plan to launch legal actions against Rome over emissions at Fiat Chrysler, …
- Volvo Will Stop Developing New Diesel Engines to Better Compete With Tesla – Fortune: Swedish carmaker Volvo will not develop any new diesel engines as the cost of reducing emissions of nitrogen oxide is becoming too expensive,…
- Italy disappointed by EU plan to launch legal action over Fiat Chrysler – Reuters: … Rome over emissions at Fiat Chrysler, the country’s transport minister said, …
- Elon Musk’s A.I. project is making humans teach robots through VR in a breakthrough moment – CNBC: The robot developed by OpenAI uses artificial intelligence to process images and stack blocks.
- How Uber and Waymo Ended Up Rivals in the Race for Driverless Cars – New York Times: And even as Uber was a growing force to be reckoned with, it was lacking in self-driving car technology, an important field of study that might affect the…
- Used Mercedes | Life with a 190E – the final part – Autocar: I’ve waved goodbye to the 190E, as it heads back where it all started: Scotland. Its reputation was stellar and the reality was even better
- 2017 Jaguar XF Sportbrake confirmed for June launch – Autocar: Jaguar will pull the wraps off its new estate next month Estate version of XF will arrive with engines borrowed from saloon
- America’s Cars Are All Fast and Furious These Days – Bloomberg: Four decades ago, there was one production car in America that made 285 horsepower-the Aston Martin DBS. It had a gaping maw of a hood vent…
- You can send your loved one’s ashes into space on Elon Musk’s SpaceX rocket for $2,500 – CNBC: The capsule containing the ashes will orbit the Earth for two years before re-entering the atmosphere “as as shooting star”.
- VW’s JV in China to recall nearly 600,000 vehicles over fuse fault – Reuters: Volkswagen AG ‘s joint venture in China, FAW-Volkswagen Automobile Co Ltd, will recall 577,590 Golf and Sagitar cars because of a headlight fuse defect that may lead to safety risks, the quality watchdog said on Wednesday.
- Fiat shares fall as EU expected to start legal action over emission tests – Reuters: Shares in Fiat Chrysler fell 2.4 percent in early trade on Wednesday, a day after reported that the European Union will start legal action against Italy for not policing allegations of emission-test cheating by the car maker.
- Volvo will stop developing new diesel engines, CEO tells paper – Automotive News: Volvo Cars will not develop any new diesel engines because the cost of reducing emissions of nitrogen oxide is becoming too expensive,…
- Toyota: Why This Fund Manager Says Sell – 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,…
- TI Aims to Replace Big Radar Box in Cars With Tiny Chip – Bloomberg: systems that stop cars from running into those ahead of them — are an integral part of attempts to build…
- Carmakers Get That 2009 Feeling – Bloomberg: Car sales in Western Europe fell 6.8 percent in April, their biggest drop …. Those three markets account for about 70 percent of auto sales globally, and…
- Test shows worse economy after Volkswagen diesel fix – Autocar: The Touran was assessed using the True MPG real-world test cycle Exclusive test finds a Touran to be less fuel-efficient after receiving Volkswagen’s emissions fix
- Indonesia car sales rise 5.7 pct y/y in April – Reuters: JAKARTA, May 17 Car sales in Indonesia rose 5.7 percent in April from a year earlier, data released by the automotive industry association showed on …
- Paris, London Lead Urban Charge for Cleaner Cars as Trump Balks – Bloomberg: “Electric cars are the main driver of our technology effort because we are seeing many cities, urban cities, which are going to be zero-emissions and…
- Thai April auto sales climb 15.1 pct y/y – federation – Reuters: BANGKOK, May 17 Data published by the Federation of Thai Industries (FTI): KEY DATA Thai monthly car and truck sales: Change y/y pct Vehicles …
- China’s SAIC Motor to make Thailand an export hub – Nikkei: SAIC Motor is planning to ship vehicles from Thailand to other parts of Southeast Asia and beyond, following in the footsteps walked…
- An Advertising Shift at Lyft: Not So Much About Uber – WSJ: Under new CMO Melissa Waters, Lyft plans to focus less on the competition and more on building awareness of its brand.
- Hyundai, Kia sell more plug-in hybrid EVs overseas – Yonhap: Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, said Wednesday they have sold more…
- Watch the NIO EP9 smash the Nurburgring record – Autocar: Recently we posted about the NIO EP9 electric hypercar breaking the production car lap record at the Nurburgring. Now video footage has been uploaded of the car belting around the Green Hell. Making the lap in 6 minutes and 45.90 seconds, the EP9 is…
- Ford considers thousands of salaried buyouts – Detroitnews: Cutting staff may not play well on Wall Street without a clear blueprint for the future, analysts cautioned Tuesday, as Ford Motor Co. officials consider…
- Malaysia Eyes Sale of Proton as Mahathir’s Auto Power Dream Dies – Bloomberg: For example, in its short history the company’s cars have racked up an … Lotus Cars, the iconic British sports-car manufacturer that Proton bought for…
- Uber once offered to partner with Tesla on self-driving cars – Yahoo: Tesla brushed off an offer last year by Uber to partner on self-driving cars. The revelation comes from Wild Ride, a book written by ‘s Adam…
- French cars drive into Iran election – Reuters: French carmakers PSA and Renault are turning their U.S. absence into an Iranian advantage by piling into a resurgent market still off-limits to foreign …
- Google wants Android to power your car – Detroitnews: Google showed a concept of the software running on a Chrysler vehicle … car operating system to power its self-driving software, News…
- Reports of large-scale Ford job cuts meet indifference on Wall Street – Reuters: WASHINGTON/DETROIT Investors on Tuesday shrugged off media reports that Ford Motor Co (F.N) will announce plans to cut thousands of …
- EU will investigate Italy over handling of Fiat emissions case – Automotive News: The EU plans to launch legal action against Italy for failing to properly police allegations of emissions-test cheating by FCA, EU sources said.
- Delphi Joins BMW, Intel in Building Driverless Car Platform – Bloomberg: Delphi Automotive Plc is partnering with BMW AG, Intel Corp. and Mobileye NV to develop an autonomous vehicle platform that can be adopted by…
- Delphi Joins BMW In All-Star Tech Team To Develop Autonomous Cars – Forbes: Rau said there’s a consolidation of self-driving car technology occurring in the industry and predicted that just a small number of platforms will define…
- With Job Cuts, It’s Ford First – Bloomberg: The automaker is reportedly planning to cut about 10 percent of its global … of its heavy investment in electric and self-driving cars as well as tempered car … Trump has been quiet as Ford and other carmakers announce layoffs to…
- BMW boss reiterates Mini pull-out Brexit threat – Autocar: The 2009 Mini E concept was the brand’s first EV Reports suggest BMW’s British brand won’t increase production at its Oxford plant if UK Government talks are unsuccessful
- Self-driving cars: who gets stuck with the highway bill? – Washington Post: Drive north on the 101 from Palo Alto toward the San Francisco airport, in a car equipped with the most sophisticated self-driving hardware available…
- Singapore Is Now Home to the World’s Tallest ‘Car Vending Machine’ – Fortune: Customers can use a touchscreen on the ground floor of the building to browse through cars, according to . They can choose whichever car…
- Who Gets A+ For Leadership: Tesla Or GM? – Forbes: On April 10, 2017, the market capitalization of Tesla, a 14-year old company, surpassed that of 109 year-old General Motors. That day, Tesla’s market…
- BRIEF-BYD’s unit, Daimler to boost capital in JV Shenzhen Denza New Energy for 1 bln yuan – Reuters: