Top News:
- Ron Baron says Tesla stock will be $1000 by 2020s – CNBC: Billionaire investor Ron Baron thinks Tesla shares have a lot of room to run.
- 400,000 Tesla Model 3 Cars In 2018? It’s Just Not Possible -Seeekingalpha: With Tesla touting July as the production start of its most important product, and the firm’s stock at an all-time high, now is a good time to ask: Can Tesla make enough Model 3’s fast enough?
- Tim Cook confirms Apple is working on driverless cars – CNBC: Apple CEO Tim Cook said the company is focusing on the “autonomous systems” behind driverless cars. Cook said it is the “mother of all AI projects”…
- Billionaire Ron Baron defends Tesla’s decision to acquire SolarCity – CNBC: Billionaire Ron Baron, well known for buying and holding stocks over the long haul, said he initially was not happy Tesla had acquired SolarCity.
- Owners’ legal actions against Volkswagen in UK and Europe join forces – Autocar: A British law firm is collaborating with European owner groups against Volkswagen in the wake of the Dieselgate emissions scandal
- Electric-Bus Maker Proterra Raises $55 Million With Eye Toward IPO – WSJ: Proterra, the electric-bus maker heading toward a possible initial public offering,has raised an additional $55 million in funding from investors including BMW AG’s venture-capital arm and Al Gore’s investment fund..
- Cook Says Apple Is Focusing on Making an Autonomous Car System – Bloomberg: After years toiling away in secret on its car project, Apple Inc. Chief Executive Officer Tim Cook has for the first time laid out exactly what the company…
- Honda’s Enters The Race For The Self-Driving Car – Forbes: If you’re a large automaker not currently working on self-driving technology you might face some tough questions, from both industry analysts and your…
- S&P upgrades Nissan’s credit rating – FT: Nissan Motors’ credit rating has been upgraded by Standard & Poor’s owing to improving and stable profitability. The ratings agency lifted Nissan’s…
- ‘Numbers guy’ Lohscheller must return Opel to profitability under PSA – Automotive News: Opel’s new CEO, Michael Lohscheller, faces the tough challenge of bringing sustainable profitability to the automaker after its sale to PSA…
- Copper demand for electric cars to rise nine-fold by 2027 -ICA – Reuters: MELBOURNE, June 13 The growing number of electric vehicles hitting roads is set to fuel a nine-fold increase in copper demand from the sector over the coming decade, according to an industry report on Tuesday. Electric or hybrid cars and buses are …
- Oslo’s car ban sounded simple enough. Then the backlash began – Guardian: Yet the council presided over a city that already boasted the world’s highest proportion of electric vehicles, and ran a third of its bus fleet on fossil fuel…
- Dutch group to launch lawsuit against VW over emissions cheating – Reuters: DE) owners said it was preparing a claim against the German auto manufacturer over the company’s use of software designed to conceal the true level …
- Hyundai touts ‘high tech’ look for Kona small SUV – Automotive News: The Kona introduces a new look for Hyundai’s SUV/crossovers highlighted by thin daytime running lights and turn signals above the headlights.
- Hyundai Motor Banks on Hawaiian-Named SUV to Boost Waning Sales – Bloomberg: Hyundai Motor Co. is counting on its first global compact SUV model to revive flagging sales after missing out on the popularity of sport utility vehicles…
- Hyundai touts Kona crossover’s ‘high tech’ look – Automotive News: Hyundai unveiled the Kona here on Tuesday, touting the model’s “high tech” styling as a key selling feature as the brand enters the booming…
- Hyundai Motor plays catch up with new subcompact SUV – Washington Post: SEOUL, South Korea – Hyundai Motor Co. is playing catch up in the fast-growing sport utility vehicle market with its first subcompact SUV targeting…
- The latest Tesla challenger approaches the starting line, and it looks kinda sketchy – Yahoo: There will soon be a new player in the electric car space, with a big name backing it – but the company has a lot to prove before it can legitimately threaten Tesla. Renowned auto designer Henrik Fisker just released the first full-body images of his …
- How Uber’s chief is gaining even more clout in the company – CNBC: Travis Kalanick is quietly amassing even more control at Uber through a stock repurchase program, The reports.
- Hyundai Motor executive says no plan to buy other automakers, will beef up tech cooperation – Reuters: Hyundai Motor Group Vice Chairman Chung Eui-sun attends the company’s new year ceremony in Seoul, South Korea, January 2, 2017.
- Hyundai to expand SUV range with Kona EV, two new models – Autocar: Hyundai will further expand its SUV line-up with two new models and an electric version of the newly launched Kona. Speaking at the launch of the…
- Hyundai to join tiny-crossover fray with Kona – Automotive News: Years after some of its competitors entered the ultrahot subcompact crossover segment, Hyundai aims to get a slice of the..
- LG Chem denies news report of VW battery deal – Yonhap: … battery maker, denied a media report Tuesday that it has reached a 7 trillion-won deal to supply electric vehicle (EV) batteries to Volkswagen AG.
- LG Chem denies media report of a $6.2 billion Volkswagen battery deal – Reuters: South Korean battery maker LG Chem Ltd denied on Tuesday a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries for Volkswagen AG .
- Jaguar forms self-driving, car rental pact with Lyft – Detroitnews: Lyft Inc. is expanding its roster of automotive partners as the second-largest U.S. ride-hailing company tries to capitalize on missteps by Uber…
- Amazon to sell cars online in Europe – CNBC: The German periodical cites industry specialist Christoph Moeller as saying he has been put in charge of Amazon’s European business with car…
- Honda moves to turbos instead of V-6 engine in 2018 Accord – Chicago Tribune: The 10th-generation 2018 Honda Accord will be offered only with four-cylinder or gas-electric hybrid engines when an all-new version comes out later…
- All the Reasons Tesla May Not Be Worth It – Barrons: Jonas points out Tesla CEO Elon Musk has said that he thinks Tesla could eventually be worth more than Apple. Jonas, though, doubts that the Model…
- Uber CEO Kalanick likely to take leave, SVP Michael out – source – Reuters: Uber Technologies Inc Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting.
- GM’s Money-Losing Opel Unit Names New CEO Ahead of Sale to Peugeot – WSJ: General Motors Co.’s European unit Opel appointed a new chief executive as Peugeot gets set to complete its more than $2 billion acquisition of the…
- Opel CEO Neumann quits as PSA deal nears, may rejoin VW – Reuters: … a source told on Sunday. A growing expansion by VW group into electric cars and digital services as part of a post-dieselgate strategic shift …