Top News:
- US House panel to consider self-driving car legislation – Reuters: A U.S. House subcommittee will vote on Wednesday on a sweeping proposal to allow automakers to deploy up to 100,000 …
- BMW names new ad agency in Canada as U.S. review looms – Automotive News: Interpublic Group’s FCB has been named agency of record for BMW in Canada, months before the luxury automaker is expected to launch a U.S. review.
- Porsche ponders diesel exit, pushes electric cars: CEO – Reuters: Porsche’s latest generation of diesel engines could be its last, Chief Executive Oliver Blume told , as Volkswagen’s cheating on diesel emissions tests starts to cast a shadow over its Porsche sports-car division.
- Mercedes-Benz X-Class pickup truck to be revealed later today – Autocar: The Mercedes-Benz pickup truck was revealed last October in concept form. Hours from its reveal, Mercedes has revealed some of its styling
- BRIEF-Sky says chairman James Murdoch appointed director of Tesla – Reuters: * James Murdoch, chairman of company, has been appointed as a director of Tesla Inc with effect from 13 July 2017 Source text for Eikon: Further company coverage:
- China Aims to Take Over Car Industry, One Part at a Time – WSJ: China-based businesses have been sinking money into automotive operations abroad-from glass and tire suppliers to technology developers and car makers-reflecting Beijing’s goal of eventually dominating the world’s vehicle business. Many of the investments are in the U.S.
- Germany Wrestles With Diesel’s Future as Large Cities Plan Bans – Bloomberg: Diesel bans threaten to upend an industry already challenged by the costs of developing electric vehicles, with BMW AG Chief Executive Officer…
- Rolls-Royce Phantom leaks ahead of July reveal – Autocar: On 27th July, the eighth-generation Rolls-Royce Phantom will be revealed alongside seven others from Rolls-Royce’s history
- Hyundai Asan seeks gov’t approval to visit NK for memorial service – Yonhap: Hyundai Asan Corp. on Tuesday asked the government to give permission to visit North Korea next month to mark the…
- Ferrari SUV, due in 2021, won’t have visible rear doors – Autocar: Currently, the GTC4 Lusso is the most practical Ferrari on sale, but that will all change when an SUV arrives The Italian brand continues to deny the existence of Ferrari SUV, but reports say it’s coming in 2021 with hidden rear doors
- Seat EVs to lead upcoming model offensive – Autocar: Seat’s first MEB-based electric car will be a family hatch Six new Seats will be launched by 2020, including the firm’s first battery-electric car
- Watch out, Tesla: This Warren Buffett-backed Chinese electric vehicle maker plans US expansion – CNBC: The facility, which employs around 700 people, will be able to annually produce 1,500 electric heavy-duty vehicles, such as municipal buses.
- Summary: Chinese automobile sales in June 2017 – Automotive News: Only one own brand model managed to make it into the top 20: the Geely Emgrand EC7, with total sales of 15,800 units. Likewise, only one model was…
- Peak car? Driverless technology may actually accelerate car ownership – Guardian: The Google-owned company Waymo has partnered with Chrysler for its Pacifica minivan, which it says will make self-driving technology more…
- MidEast Ride-Hailing Firm Careem Buys Stake in Egyptian Transport Start-Up – New York Times: Ride-hailing firm Careem, a Middle East rival to Uber Technologies Inc, has bought a minority stake in a three-month-old Egyptian start-up that connects commuters with private buses in Cairo. Dubai-based Careem invested $500,000 in Swvl and…
- Polluted air ‘poisoning thousands’ across north of England, warns report – Guardian: We need to see radical plans to ditch diesel, introduce incentives for electric cars and bring in clean air zones in our major cities.” The government has suffered two legal defeats over its plans to improve air quality in the UK after judges ruled …
- Hyundai adds Sonata plug-in hybrid to lineup – Yonhap: Hyundai Motor Co. on Tuesday added the Sonata plug-in hybrid to its lineup in a move to absorb growing demand for…
- RPT-BMW executive Kranz joins electric car startup Faraday Future – Reuters: Faraday Future, the electric car start-up backed by Chinese entrepreneur Ja Yueting, has hired BMW veteran Ulrich …
- U.S. makes lower trade deficit top priority in NAFTA talks – Automotive News: The United States outlined a tough negotiating strategy for revising the 1994 North American Free Trade Agreement and for the first time in a U.S. trade deal said it would seek to deter currency manipulation by trading partners.
- Lucid Motors said to have takeover talks with Ford – Detroitnews: Electric-car maker Lucid Motors Inc. is raising a new round of financing and is also considering an outright sale after holding early-stage takeover talks…
- Tesla Adds Two Independent Directors to Diversify Board – Bloomberg: )…
- Tesla Adds Publisher Linda Johnson Rice To Board, Taking Step Toward Diversity – Forbes: Tesla has taken a step toward greater by naming Linda Johnson Rice, an African American executive who leads the Johnson Publishing Company,…
- Cruise CEO: Joining GM Hasn’t Been Smooth Sailing – Fortune: From outside appearances the two companies seemed well aligned as Cruise ramped up and soon began testing self-driving Chevy Bolt electric…
- GM extends shutdown at Chevy Bolt plant as inventories swell – Reuters: General Motors Co has extended a shutdown at the … Tesla Motors Inc’s Model 3 will offer roughly the same driving range at a …
- Elon Musk Called Tesla’s Stock Price ‘High’-and Then It Fell – Fortune: Tesla’s stock dipped 3% after CEO Elon Musk Tweeted over the weekend that his company’s share price was “higher than we have the right to…
- GM Extends Plant Shutdown to Rein In Chevy Bolt Supply – Fortune: General Motors has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control…
- Lucid Motors Is Mulling Sale After Takeover Talks With Ford – Bloomberg: The automaker has big plans to bring out plug-in cars and hybrids. It is spending $4.5 billion to electrify 40 percent of its lineup by 2020. Rival General…
- Tesla Says Driver Clarifies Autopilot Wasn’t on During Crash – Bloomberg: Tesla Inc. Chief Executive Officer Elon Musk posted an e-mail from a driver who now says he didn’t have his vehicle’s Autopilot system engaged…
- The big legal battle that won’t go away anytime soon for Uber – Yahoo: But there’s one scandal likely to hound the ride-sharing startup for months to come: a legal battle with Waymo, the self-driving car company spun-out…
- Tesla Adds Directors to Diversify Board Closely Tied to Musk – Bloomberg: Tesla Inc. moved to diversify a board that some investors have complained is too closely tied to Chief Executive Officer Elon Musk, adding two…
- Tesla Adds Independent Directors After Investors Pressure Board – Bloomberg: … Pedestrians walk past the Tesla Motors Inc. store on the Third Street Promenade…
- Elon Musk dials back comments on Tesla share price – FT: He then dialled back on his weekend remarks in a tweet on Monday stating: “I should clarify: Tesla stock is obviously high based on past & present, but…
