Top News:
- GM shareholders to decide on Greenlight stock plan, board challenge – Reuters: Greenlight Capital’s plan to split up General Motors Co’s stock, as well as its challenge to the company’s board of directors, will come to a head on Tuesday, as the U.S. automaker’s shareholders cast their votes on the hedge fund’s proposals.
- Tesla stake sale lessens blow for Toyota on down day for Japanese car makers – FT: Shares in Toyota are faring better than rival Japanese carmakers on Monday after the company sold the last of its stake in Tesla. The sale was…
- Lentz says Toyota reorganization will speed response to market shifts – Automotive News: Jim Lentz talks about Toyota’s North American reorganization and how it will address what CEO Akio Toyoda has called a sense of crisis at the automaker.
- Lentz says Toyota is reorganized and ready – Automotive News: When Jim Lentz took over as CEO of Toyota Motor North America four years ago, he sat down with global boss Akio Toyoda to get his…
- Toxic cleanup job awaits Hackett at Ford – Automotive News: Before Ford Motor Co.’s new “change agent” CEO Jim Hackett can move the company forward, he must clean up a toxic corporate culture…
- Ram shakes up the pickup wars – Automotive News: General Motors spokesman Jim Cain noted that GM splits full-size pickup sales with a second nameplate, the more upscale GMC Sierra. GM also sells…
- GM leaves India while others see opportunity – Automotive News: GM’s pessimism about India reflects its own missteps there rather than the market’s prospects. Competitors are racing in.
- Uber losing top executives – Automotive News: The ride-hailing company lost another two top executives last week, and posted a $708 million loss.
- VW tweaks 1 engine for 2 purposes – Automotive News: VW’s EA888 engine will be tuned to offer fuel economy in some versions, horsepower in others.
- Automakers urged to prepare for NAFTA changes – Automotive News: Negotiations to update NAFTA are likely to focus on a mix of complex, technical issues and some more politically charged ones.
- BMW sees China easing JV rules soon – Automotive News: China has hinted it could ease rules that limit foreign automakers to a 50 percent share in joint ventures. BMW is “monitoring that very closely.”.
- Tesla’s gallery on wheels – Automotive News: Tesla is touring North America with a “mobile design studio” housed in an Airstream trailer pulled by a Model X. The tour vehicles parked on a retail block in Detroit last week – accompanied by other display vehicles – with more stops planned this …
- TOYOTA’S JIM LENTZ: Reorganization will speed response to market – Automotive News: How does One Toyota improve North America’s interface with Japan? “The reality is, we are today and will always be a consensus-driven company,…
- Automakers unshaken by Trump’s move on Paris accord – Automotive News: General Motors, Ford Motor Co. and industry groups didn’t condemn … Trump’s announcement came the same day that GM released its annual…
- Lamborghini CEO to speak at Europe congress – Automotive News: Lamborghini CEO Stefano Domenicali, who is on track to double the Italian sports car maker’s annual production, will speak at the …
- Mazda expanding MX-5 racing series – Automotive News: Mazda MX-5 race cars hit the track at the M1 Concourse near Detroit. Mazda’s first official Global MX-5 Cup series outside the U.S. started in April.
- GM quits, but India remains a battleground – Automotive News: GM’s India pessimism seems to be a result of missteps. … DETROIT – General Motors executives say they decided to end sales in India because they…
- Audi’s US chief expects the brand to post another US sales record in 2017. – Automotive News: Scott Keogh, president of Audi of America, said he’s convinced Audi can do it … company Volkswagen AG’s diesel scandal will alter Audi’s sales this year. … I think it’s worth pointing out that if you look at Audi America in general,…
- Audi A7 up in smoke – Automotive News: Audi engineers last week were pulling a dead weight trailer in the thin air and steep climbs of the Austrian Alps with a prototype of the redesigned A7…
- Audi’s next A8 will get 48-volt mild hybrid – Automotive News: MUNICH – Audi’s latest A8 sedan, which is to go on sale in the U.S. next year, will have a standard mild hybrid system with a 48-volt lithium ion…
- Jaguar tests apparent BMW M3 fighter – Automotive News: … to be a high-performance version of the Jaguar XE compact sedan that would take aim at the BMW M3.
- How Mercedes Plans to Recapture Its Early Lead in Robo-Cars – Bloomberg: In 2015, he unveiled the futuristic self-driving F 015 concept car and prodded developers by moving forward targets for introducing the technology…
- GM-Greenlight proxy battle comes to vote Tuesday – Detroitnews: For two months, nearly 600 General Motors Co. institutional shareholders and thousands of smaller shareholders have been barraged with letters,…
- Hyundai, Kia hybrid car sales exceed 500000 units – Yonhap: Hyundai Motor Co. and Kia Motors Corp. have sold more than 500,000 hybrid vehicles in accumulated sales as of May,…
- GM Chief Faces Showdown Over Hedge-Fund Investor’s Stock Push – WSJ: General Motors Chief Executive Mary Barra faces shareholders this week, under pressure from a hedge-fund investor and fresh scrutiny following the ouster of her counterpart at a crosstown rival.
- GM Wants to Drive the Future of Cars That Drive Themselves – New York Times: Mary T. Barra, a G.M. lifer who had worked her way from engineer to the top, was in the back seat of a prototype self-driving electric car as it wound its…
- From the Cradle of Innovation Comes a Self-Driving Team – New York Times: Kevin Durant, left, said the free-flowing style of the Warriors was apparent from the moment he joined the team. “Sometimes in games, we don’t run a play for two or three minutes straight,” he said. Credit Larry W. Smith/European Pressphoto Agency.
- BRIEF-Anhui Jianghuai Automobile plans JV JAC Volkswagen Automotive capitalized at 2 bln yuan – Reuters: June 3 SoftBank Team Japan opted for a radically different course to other new teams seeking to challenge Oracle Team USA in this month’s 35th …
- SpaceX Launches Previously Used Cargo Capsule for First Time – WSJ: Elon Musk’s SpaceX for the first time launched a refurbished cargo capsule that had been used on a previous mission, a major stride toward eventually reusing spacecraft carrying astronauts.