Top News:
- Analyst Says It’s Time for Tesla to Start Worrying About Apple’s Car Ambitions – Bloomberg: Tesla Inc. may be facing more competition from other tech giants than initially feared, and one of the analysts that had been most bullish on the firm is growing increasingly worried. Morgan Stanley’s Adam Jonas, who downgraded shares of Tesla in mid …
- German ministry says disagrees with regional bans on diesel cars – Reuters: Germany’s federal government is against individual states and cities banning cars with diesel engines to reduce pollution, a transport ministry spokesman said on Wednesday following reports that local authorities in Munich are considering such a step.
- BRIEF-VW’s Skoda Auto lifts May deliveries by 2.4 percent – Reuters: MOSCOW, June 14 Japanese automaker Mazda Motor Corp is recalling 4,531 Mazda 5 cars sold in Russia between February 2005 and September …
- McLaren 570S Spider officially revealed ahead of Goodwood debut – Autocar: The Spider uses an electrically operated, two-part folding roof mechanism that’s similar to the one fitted to the 650S and 675LT Spiders New 570S Spider gets same supercar pace as coupe sibling with a £19,445 premium; public debut set for Goodwood Festival of Speed
- Toyota CEO mulls making deals ‘to survive in the future’ – Automotive News: Toyota may consider mergers or acquisitions to procure new automotive technologies, including self-driving technologies, the company’s president said, adding that it had to compete more aggressively against its rivals.
- Mistaken paint jobs blamed after dozens of US-funded trucks surface in Iraq with Afghan logos – Washington Post: Dozens of Ford pickup trucks with the Afghan National Army’s logos on them surfaced in Iraq not because they were smuggled in, but because they…
- Fiat Chrysler Looks to Bring Muscle Back to Motor City – WSJ: Fiat Chrysler Automobiles NV’s highest-profile launches for the new model year are the Dodge Challenger SRT Demon and Jeep Grand Cherokee…
- RPT-German postal service enlists Ford for electric vans drive – Reuters: German logistics group Deutsche Post DHL Group is expanding its foray into electric delivery vans, signing Ford as a components supplier for a new line of larger vehicles, the companies said on Wednesday.
- Apple CEO confirms brand is no longer building its own driverless car – Autocar: imagined the Apple iCar last year Apple’s tumultuous Project Titan no longer has the objective of making its own car
- Poland may impose more regulations on Uber – Reuters: Poland may impose more regulations on ride-hailing giant Uber while softening the rules for granting taxi licences in an attempt to find a compromise after protests by taxi drivers, Deputy Prime Minister Mateusz Morawiecki said.
- Wall Street Is Betting Against Tesla and Alibaba Like Never Before – Fortune: Tech companies Alibaba, Tesla, and Apple are now the three most shorted stocks in the world, according to S3 Partners head of research Ihor…
- Hyundai Kona revealed – new exclusive pics of Nissan Juke rival – Autocar: Korean firm’s small SUV features a fresh design direction and new tech; expected to cost from £15,000
- Munich, home to BMW, considers diesel ban to tackle pollution – Reuters: Munich, home to German carmaker BMW, is considering banning diesel vehicles because of “shocking” nitrogen oxides emissions in the Bavarian capital, its mayor told a newspaper on Wednesday.
- Fiat Said to Widen CEO Search to Replace Marchionne in 2019 – Bloomberg: Fiat Chrysler Automobiles NV is widening its search for a successor for Chief Executive Officer Sergio Marchionne, with a group of second-tier…
- Toyota chief says may consider acquisitions to gain auto tech access – Reuters: Toyota Motor Corp may consider mergers or acquisitions to procure new automotive technologies, including self-driving technologies, the company’s president said on Wednesday, adding that it had to compete more aggressively against its rivals.
- Comment: Crossovers haven’t killed the estate just yet – Autocar: Demand for crossovers has skyrocketed in recent years, but estate sales remain strong – hence the arrival of the Jaguar XF Sportbrake
- 2017 Jaguar XF Sportbrake revealed as new BMW 5 Series Touring rival – Autocar: Stylish new estate will major on driver appeal and practicality and is ready to take on BMW’s driver’s estate; on sale now from £35k
- Would you buy a car from Amazon? – Automotive News: Gadfly gives commentary on corporate, financial and market news. … By contrast, people rarely buy a car without driving it first, while vehicles are bulky and … There’s more: new cars are typically bought on credit.
- Aston Martin Vantage AMR launched as swansong model – Autocar: More power for the V12 and race inspired details; this is the final version of the current Vantage
- Giant truck ‘platoons’ head for Australia’s main roads – Nikkei: European trucks from left, Volvo, Scania, MAN, Iveco, Mercedes-Benz and DAF, all started platooning trials in 2016. (Photo courtesy EU Truck…
- Daihatsu plans compact cars in Brazil as Toyota thinks small to build better cars – Reuters: 2 automaker, wants to apply its smaller partner’s expertise in affordable, reliable pint-sized cars to its own passenger models as it grapples with higher …
- Daihatsu eyeing joint car production with Toyota in Thailand – Nikkei: Japanese minicar maker Daihatsu Motor is looking to work with Toyota Motor in Thailand to develop small cars for emerging markets, the…
- IBM to Help BMW Ride on the Cloud – WSJ: International Business Machines Corp. said Wednesday it is working with BMW to provide cloud-based data management for the German automaker’s recently launched connected car initiative, a move by the centenarian tech giant.
- Surging shale spawns new financing structure for energy infrastructure – Reuters: Strong demand for shale oil-and-gas infrastructure is giving rise to an important new financing vehicle for pipeline, processing and storage ventures that are needed to get more shale fuels to market.
- Bentley hires Nissan exec for Americas sales post – Automotive News: Rocco served for more than two years as regional vice president of Nissan North America’s mid-Atlantic region, and became regional vice president of…
- Uber CEO takes leave of absence amid sweeping changes after scandals – Reuters: Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies.
- Uber director David Bonderman resigns from board following comment about women – Reuters: Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company’s board following a remark he made during an Uber staff meeting that was widely seen as offensive to women.
- David Bonderman Resigns From Uber Board After Sexist Remark – New York Times: Earlier in the day at an Uber staff meeting to discuss the company’s culture, Arianna Huffington, another board member, talked about how one woman on a board often leads to more women joining a board. “Actually, what it shows is that it’s much more …
- Hong Kong Parking Space Sells for Record $664300, Ming Pao Says – Bloomberg: The car park cost more than some Hong Kong homes: Centaline Property data shows a HK$4.2 million sale of a 284-square-foot, two-bedroom home…
- Uber board member David Bonderman resigns after sexist comment at meeting – CNBC: Uber board member David Bonderman, who spurred outrage after making a sexist remark at a staff meeting, resigned Tuesday.
- BMW 6 Series GT to make debut at Frankfurt motor show – Autocar: BMW has revealed the new 6 Series Gran Turismo that is set to make its public debut at September’s Frankfurt motor show. The Audi A7-rivalling…
- GM launches new fleet of self-driving Bolt EVs – Automotive News: GM CEO Mary Barra: “Production of these vehicles began in January, making … DETROIT — General Motors has started testing its second-generation…
- GM makes 130 self-driving Bolt cars – Reuters: General Motors said it has completed production of Chevrolet Bolt electric vehicles at its Orion assembly plant in Michigan. Fred Katayama reports.
- Hyundai plays catch-up with new subcompact SUV – Detroitnews: Seoul, South Korea – Hyundai Motor Co. is playing catch-up in the fast-growing sport utility vehicle market with its first subcompact SUV targeting…
- Uber CEO Kalanick takes leave of absence, to lose some power – Reuters: Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, citing the need to grieve for his recently deceased mother and to work on his leadership skills, according to an email from Kalanick seen by .