Top News:
- US cars a tough sell in South Korea even as Trump targets trade deal – Reuters: U.S. imports do have a competitive advantage in electric cars: Tesla Motors’ electric vehicles are seen as both environmentally friendly and trendy, …
- Uber suspends unlicensed service in Finland until next year – Reuters: Uber said on Thursday it would suspend its unlicensed service UberPOP in Finland until a law deregulating the taxi market comes into effect next year.
- BAIC shares up on Daimler joint EV investment – Nikkei: Shares of BAIC Motor are trading high on Thursday, at one point surging to 7.96 Hong Kong dollars, up 4.46% from Wednesday.
- China’s Baidu being probed after CEO tests driverless car on public roads – Reuters: The firm, China’s answer to Alphabet Inc’s Google, is taking a leading role in the development of self-driving cars in China and beyond. It unveiled a …
- Cash-strapped LeEco CEO pledges to take all responsibility, repay debts – CNBC: Cash-strapped LeEco’s CEO Jia Yueting has pledged in an open letter to take full responsibility and repay all debts.
- Volvo Gives Tesla a Shock, As Others Plan Electric Push – WSJ: Volvo, the auto maker that spent 90 years polishing a reputation for safety, indicated Wednesday it is mounting an ambitious challenge to Tesla Inc.’s…
- Ford’s China sales bounce back in June as tax impact fades – Reuters: Ford Motor Co said its China sales surged 15 percent in June, their strongest pace of the year, and it was optimistic about the outlook for the second half as the industry puts the phasing out of a tax cut behind it.
- LeEco’s Billionaire Founder Pleads for Time as Debtors Close In – Bloomberg: LeEco Chairman Jia Yueting asked for more time to repay debt and realize his ambitions of disrupting the automobile industry, days after a Chinese…
- Two-Wheeled Heptaconta-Unicorns? – Bloomberg: Uber wants to expand beyond car-to-passenger matchmaking and move into driverless cars (or they will, when they find a management team).
- Tesla’s recent output, sales cloud outlook for Musk’s bold targets – Automotive News: Tesla’s vehicle deliveries are flatlining amid persistent production snafus, reinforcing concern that Elon Musk may again be setting targets that the electric-car maker won’t hit on time.
- Tesla’s Model S fails to ace some tests in IIHS evaluation – Reuters: Tesla Inc’s Model S did not get the top score in certain tests by the Insurance Institute for Highway Safety (IIHS), the agency said on Thursday.
- LeEco boss asks for time, pledges to pay back debts – Reuters: The founder of China’s struggling tech group LeEco, Jia Yueting, on Thursday pledged to take full responsibility for the company’s debt troubles amid a deepening financial crisis and after some of the company’s assets were frozen.
- Ford’s China sales post strongest growth of year in June – Reuters: Ford Motor Co said its China sales surged 15 percent in June, their strongest pace of the year, as the industry puts the phasing out of a tax cut behind it, adding that it was optimistic about the outlook for the second half.
- Caught no-handed: China tech CEO faces fine after driverless car stunt – Guardian: Baidu announced this week it has partnered with 50 companies for its driverless car project, which will be open-source akin to Google’s Android…
- Lincoln, Mercedes, Toyota large cars receive top IIHS safety ratings – Automotive News: The Lincoln Continental, Mercedes-Benz E class and Toyota Avalon earned top honors among six large cars tested for crashworthiness by the…
- Where are the American cars for North American vehicle honors? – Freep: Ford, Jaguar Land Rover and Subaru have two vehicles each. Mazda, Nissan, Tesla and Volvo each make one eligible vehicle. Here are the 35…
- Three large cars get top marks in crash tests – Detroitnews: Lincoln Continental, Mercedes E-Class and Toyota Avalon rated tops in crash-testing.
- Crash tests raise questions about safety of Tesla Model S – CNBC: A new set of crash tests question whether Tesla’s Model S is as safe as the electric car maker claims. Tesla defends the Model S and its safety record.
- BAIC Motor shares jump on agreement to produce electric cars in China – FT: Chinese carmaker BAIC Motor rose on Thursday after it announced an agreement with Daimler to jointly invest Rmb5bn ($735m) to produce electric…
- Ofo Eyes Global Expansion After Raising More Than $700 Million – Bloomberg: The company’s earlier investors, car hailing platform Didi Chuxing and DST Global, also took part in the financing. The company declined to comment…
- New all-electric Audi supercar looks likely – Autocar: Audi R8 e-tron was on sale for just 19 months The rumoured electric supercar is set to follow in the Audi R8 e-tron’s footsteps which was only in production for 19 months
- Bitcoin And Tesla Investors Should Carefully Read The Fed’s Minutes – Forbes: Bitcoin and Tesla investors should follow the Fed’s minutes closely to get a clue how fast and how far US interest rates will climb. For a good reason:…
- Baidu-led alliance looks to turbocharge self-driving tech – Nikkei: The Apollo driverless vehicle project “is the world’s largest and most powerful consortium developing self-driving technology,” Lu Qi, Baidu’s president…
- Onslaught of hybrids and EVs are on their way despite low gas prices – Freep: Consumers may have lost interest for now in the most fuel-efficient cars because of low gasoline prices, but the future for hybrid and electric cars is…
- Tesla shares dive 7 percent; still above analysts’ target price – Reuters: “We see Tesla shares as an over-valued show-me story that has traded as a concept stock given the dislocation between share price performance and our/consensus estimates,” analysts at Cowen and Company said in a note. Even after the sharp losses, …
- Starting in 2019, Volvo will use electricity to power every new model – Washington Post: … making it the first major car manufacturer to pledge to leave the traditional … the other two will come from Polestar, Volvo’s performance car company. … The company has yet to provide details on any of the planned electric models.
- Electric era to dawn at Volvo in 2019 – Nikkei: Volvo, owned by China’s Geely Automobile Holdings, became the first major automaker to announce an immediate exit from gasoline-powered cars.
- Production problems have Tesla deliveries sagging – Washington Post: The maker of Model S sedans and Model X sport-utility vehicles has reported declining quarter-by-quarter shipments for the second time … .
- Poor Delivery Numbers Deal Tesla Its Biggest Stock Drop in a Year – Fortune: Tesla shares slid more than 7% on Wednesday, their biggest percentage decline in more than a year, on poorer-than-expected delivery numbers, yet…
- Make Way For Southeast Asia’s Newest Car Hubs Amid Consumer Boom – Bloomberg: “Vehicle production in the Philippines and Vietnam will remain largely geared towards domestic consumption,” Fabrice Gatwabuyege,…
- PSA takeover of Opel and Vauxhall gets go-ahead from authorities – Autocar:
- Baidu-Nvidia Plan Latest in Expanding Self-Driving Constellation, Says Raymond James – Barrons: The partnership announced today between China’s Baidu and US chip vendor Nvidia is just the latest in an expanding constellation of self-driving car…
- Volvo’s electric shift gives Tesla a shock – Reuters: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo.
- Volvo’s Electric Car Strategy Is Being Badly Misrepresented – Forbes: Do a search today for “Volvo” and “electric car” and you’ll be swamped with hits that declare the Swedish car maker will swear off traditional gasoline…
- Shifting Trends In Consumer Behavior With Ford’s In-House Futurist – Forbes: Listen to Ford’s Futurist Sheryl Connelly On The Modern Customer Podcast. Sheryl Connelly is the in-house futurist for Ford Motor Company.
- PSA wins EU approval to buy Opel – Automotive News: PSA Group secured unconditional EU antitrust approval on Wednesday to acquire General Motors’ German unit, Opel, a move that will make it…
- Psst…wanna buy some cobalt? Just don’t tell the auto guys!: Andy Home – Reuters: Just don’t tell the auto guys!: … REUTERS/Kenny Katombe … Cobalt 27 describes itself as a “pure-play cobalt investment vehicle”, an alternative to ..