Top News:
- Continental to invest in driverless mobility with EasyMile stake – Reuters: German auto parts and tyre maker Continental said on Tuesday it would take a minority stake in French autonomous driving company EasyMile and cooperate with it on environmental sensors, braking systems and driving safety technologies.
- VW Follows Peugeot, Boeing With Iran Deal Amid Global Expansion – Bloomberg: PSA Group was the first carmaker to re-enter with a deal announced last year to upgrade its Peugeot factory near Tehran and start building Citroen…
- VW to start importing cars to Iran in August with partner Mammut Khodro – Reuters: Volkswagen will start importing cars to Iran next month, returning to the resurgent Middle Eastern market after 17 years in a move that may help the German group trim reliance on volatile overseas markets such as China and Brazil.
- Indian diesel imports intensify, may be curbed by monsoon – Reuters: India’s diesel imports have intensified with a state-owned refiner entering the spot market on Tuesday to seek its seventh cargo of the fuel for July, trade sources said. But imports could slow as monsoon season starts in India, they added.
- German auto lobby hopes diesel deal will avert bans – Reuters: … The German government last week announced plans to work with auto makers and regional …
- Pressure piles on China’s LeEco as assets frozen after bank complaint – Reuters: Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering some of its assets frozen over late payments to a bank.
- Volkswagen Gen.E shows design direction of 2020 Golf – Autocar: Insiders say this new electric vehicle has a range of 249 miles; it also demonstrates new robotic charging technology
- German new car sales down 3 percent in June on fewer selling days – VDA – Reuters: Arteon cars by German carmaker Volkswagen are pictured during a media presentation in Hanover, Germany, May 31, 2017. REUTERS/Fabian …
- Volkswagen Should Spin Off Components Like Audi, Porsche, VW Brands To Boost Value-Analyst – Forbes: Breaking up the huge Volkswagen empire into separate companies like Audi, Porsche and its mass market brands would almost double its stock…
- Bosch says demand for driver assistance systems taking off – Reuters: REUTERS/Michaela Rehle … and steering for Google’s prototype autonomous vehicle and is a supplier of driver assistance systems to Tesla.
- Vietnam aims to banish hordes of motorcycles from capital – Reuters: … the capital last year over fears its leafy streets would soon be overrun as the population swells and the middle class buys up cars in record numbers.
- Dongfeng Renault’s car project obtains approval – Automotive News: It’s learned that Dongfeng Renault’s car project obtains official reply from Hubei Provincial NDRC recently. Dongfeng Renault would start the…
- Uber Suffers EU Setback Over Law That Put French Bosses on Trial – Bloomberg: The controversial service, no longer offered in the country, let unlicensed drivers use their own car to pick up riders for low fees. The French court…
- Porsche 911 GT2 RS Goodwood footage released on video – Autocar: The Porsche GT2 RS made its dynamic debut up the Goodwood hill route New Porsche packs 690bhp to dispatch 0-62mph in 2.8sec and top out at 211mph
- Porsche 911 GT2 RS: new video shows 690bhp sports car at Goodwood – Autocar: The Porsche GT2 RS made its dynamic debut up the Goodwood hill route New Porsche can dispatch 0-62mph in 2.8sec and tops out at 211mph
- Geely’s new SUV model adopts Sport Sedan design – Automotive News: Geely plans to launch a new SUV model to perfect product layout. Recently, a new group of Geely’s new SUV pictures show that the front face adopts…
- Hyundai’s China sales plunge 60% amid ‘anti-Korea sentiment’ – FT: Hyundai Motor’s problems in China are worsening as China’s backlash over the deployment of a controversial US missile shield continues to dent…
- UK Banks Told to Justify Consumer Credit as Risks Mount – Bloomberg: The PRA told banks to measure the “impact on financial performance and capital from a fall in used car prices” and share the results with the…
- Rolls-Royce rules out hybrid powertrains before electric models – Autocar: Rolls-Royce says it plans to skip hybrid technology and go straight to full electric power Boss Torsten Müller-Ötvos says the firm will only introduce battery technology when it can produce an uncompromised all-electric machine
- New EU court blow for Uber over French taxi case – Reuters: Uber suffered a new setback in Europe on Tuesday when an EU court adviser said France was entitled to charge local managers of the U.S. ride-hailing app firm with running an illegal taxi service.
- Hyundai Motor China sales down 64 pct in June – analyst – Reuters: … Hyundai affiliate Kia Motors also saw its China sales skid 58 percent to 19,003 vehicles …
- Abe expected to agree EU-Japan trade deal on Thursday – EU – Reuters: REUTERS/Kim Kyung-Hoon … opening up each other’s markets, including in the trickiest areas such as Japanese cars and European farm produce.
- Uber suffers fresh blow as EU court says France had a right to charge execs over illegal service – CNBC: Uber tried to appeal the criminal charges on an EU law technicality, which the ECJ didn’t agree with.
- Bosch’s Mobility Solutions to grow 7 pct this year – Reuters: German auto supplier Robert Bosch said its Mobility Solutions division, which makes sophisticated safety systems and autonomous car components, will grow around 7 percent this year, benefiting from a push to make cars more intelligent.
- German new car sales down more than 3 pct in June – source – Reuters: Deliveries in Europe’s biggest auto market increased 3.1 percent to 1.787 million cars in the first six months of the year, the source told on …
- SKF sued by Daimler in wake of EU competition settlement – Reuters: … “Daimler requests payment from SKF in the amount of at least EUR 59 million plus …
- Uber says will await final EU court ruling later this year – Reuters: Uber [UBER.UL] played down an EU court opinion on Tuesday that some of its services could be illegal, saying that the case concerned only a ride-hailing app service in France which it no longer provides.
- Pressure piles on China’s LeEco as bank seeks to have assets frozen – Reuters: Chinese tech group LeEco, which has interests ranging from smart cars to online content, is facing growing pressure from its creditors and business partners, with one bank wanting some of its assets frozen by a Shanghai court over late payments.
- BRIEF-Honda June China vehicle sales +17.7 percent y/y – Reuters: is the news and media division of Thomson . Thomson is the world’s largest international multimedia news agency, providing …
- Investors Fuel Formula E With $70 Million Despite Its $110 Million Losses – Forbes: Electric auto racing series Formula E has revealed that it has received … which are monitoring the Electric Vehicle (EV) market to see if it takes off.
- Cash-strapped LeEco reportedly sees 1.2 billion yuan in assets frozen over unpaid debts – CNBC: A court reportedly froze 1.2 billion yuan in assets owned by LeEco subsidiaries, CEO Jia Yueting and his wife.
- On London’s Streets, Black Cabs and Uber Fight for a Future – New York Times: Shortly before 6 a.m., Zahra Bakkali tiptoed out of her bedroom for morning prayers. She prepared breakfast (black tea and toast with olive oil), saw her children off to school, then rode the elevator to the garage below her southeast London…
- PSA hires Renault-Nissan exec to lead push in Africa – Automotive News: PSA Group has picked a veteran Renault-Nissan executive to lead its sales and marketing efforts in the Middle East and Africa. PSA aims to…
- Next Porsche 911 to gain digital dash and hybrid power – Autocar: A new development car has been spotted with a digital instrument cluster and production-spec bodywork
- Tesla deliveries at low end of forecast, starting Model 3 production – Reuters: Tesla Inc said it delivered about 47,100 electric sedans and SUVs in the first half of 2017, at the lower end of its own forecasts, shortly after Chief Executive Elon Musk announced that production of its mass-market Model 3 would start this week and build to 20,000 per month in December.
- Luxury Cars Offer More Models, but Find Fewer Buyers – New York Times: Over the last several years, luxury carmakers like BMW and Mercedes-Benz have added a dizzying array of variations to their model lines, in hopes of…
- Court Blocks EPA Effort to Suspend Obama-Era Methane Rule – New York Times: An oil-drilling rig near Midland, Tex. A federal appeals courts said on Monday that the E.P.A. must comply with an existing rule to limit methane emissions from oil and gas wells. Credit Ernest Scheyder/. WASHINGTON – Dealing a legal blow to …
- Takata’s international rivals steam ahead to new safety systems – Nikkei: While working closely with Volvo, Autoliv has also been providing its … Last September, Autoliv and Volvo agreed to launch a joint partnership for…
- Tesla deliveries lackluster in second quarter, but all eyes are on Model 3 – CNBC: “Looks like we can reach 20,000 Model 3 cars per month in Dec. … Tesla’s prior guidance of building 5,000 of the lower-priced electric cars per week,…
- US Auto Sales Continue to Fall, Slipping 2 Percent For The Year – Forbes: Its Infiniti division reported that SUV sales rose 23 percent for the year, led by the two largest models in its stable, the QX70 and QX80. Mazda’s sales…
- Tesla sells 22000 vehicles in Q2 as battery supply crimps production – Automotive News: The total was in line with the lower of two analyst estimates in a survey but trailed their 22,900-vehicle average. Meanwhile, Tesla’s…
- Tesla Quarterly Sales Fall as Battery Supply Crimps Output – Bloomberg: The maker of electric cars and energy-storage devices shipped more than 22,000 cars and SUVs in the period, compared to a record 25,051 vehicles…
- NISSAN: Rogue, Titan, Armada lead monthly gain – Automotive News: Nissan Division sold 131,057 vehicles for the month, compared to 129,495 in June 2016. Infiniti posted June sales of 12,271 units, up 11 percent for a…
- Tesla delivered 22000 vehicles in second quarter, blames ‘severe production shortfall’ of battery … – CNBC: The electric car maker blamed a severe production shortfall of 100 kilowatt-hour battery packs. The company said production average 40 percent…
- TOYOTA: Finally, a sales increase – Automotive News: Toyota Motor Corp. posted its first U.S. sales gain of the year, despite a continuing slide at Lexus, as light-truck deliveries overcame..
- GM: Inventories on the rise as sales drop 4.7% – Automotive News: General Motors’ inventory rose to its highest level in a decade after its U.S. sales fell 4.7 percent in June. GM said it had 980,454 vehicles…
- Tesla’s Model 3, its mass-market car, expected to roll off factory floor Friday – Washington Post: Tesla’s first Model 3, the long-awaited electric car that’s priced for the … General Motors is valued at $54 billion and Ford is worth $46 billion. Pulling off…
- With Model 3 On Tap, Tesla Now Takes Its Toughest Test – Forbes: In early 2013, Tesla was at a crossroads. Critics claimed the company’s cars were “dead on arrival” and forecasters saw little to be optimistic about for…
- US June new vehicle sales figures show mixed results – Reuters: (Corrects headline, first paragraph to show sales were mixed. Removes references to better-than-expected vehicle sales based on Ford figures that …