Top News:
- Uber tells investors its expects to bounce back from scandals, Waymo suit – Automotive News: Uber, seeking to assuage investors’ concerns, told investors to expect improved bookings, narrower losses and a possible settlement with Alphabet that could resolve one of the company’s biggest legal hurdles.
- Chinese Tech Star’s Troubles Go From Bad to Worse – WSJ: The troubles roiling China’s once-soaring technology company LeEco deepened after U.S. television maker Vizio sued over a failed $2 billion acquisition, arguing the deal was a ruse to boost the buyer’s financial standing.
- Norway’s Oil Consumption Rises Despite Surging Electric Vehicle Sales – Forbes: The “peak demand” hypothesis is the idea that demand for oil will peak as alternatives to oil become widespread. The notion that peak demand will…
- BRIEF-Nissan appoints Thomas Kuehl as president, Nissan India operations – Reuters: In this role Kuehl, who joins Nissan from Volkswagen, will be responsible for both Nissan and Datsun brands and will head all operations in India …
- FCA to shut down Conner Assembly in Detroit – Automotive News: Fiat Chrysler will permanently close its Conner Assembly Plant here on Aug. 31, as production of the Dodge Viper ends. In its 2015…
- Faraday Future moves electric SUV production site, mothballs Las Vegas plant – Reuters: Faraday is part of a network of young electric vehicle (EV) firms in China and the United States backed by Jia, who has said his company LeEco – that grew from a Netflix-like video website to a business empire spanning consumer electronics to cars …
- PSA Opel and Vauxhall takeover will be completed by September – Autocar: French firm has confirmed its purchase of Opel and Vauxhall from General Motors; transaction should be complete by end of August
- After dieselgate, Volkswagen loosens reins on empire – Reuters: The move, the first major international project led by Skoda since Volkswagen (VW) took full control of it in 2000, is a sign of how the different divisions …
- Hyundai to unveil new production hydrogen fuel cell vehicle in August – Yonhap: Hyundai Motor Co. said Wednesday that it will unveil a new hydrogen fuel cell electric vehicle (FCEV) next month to…
- New Audi A8 will not go electric – Autocar: New Audi A8 The new Audi A8 line-up will feature a plug-in hybrid variant, but an all-electric model is off the cards
- With new electric vehicle, London’s iconic black cabs are about to go green – CNBC: The London Taxi Company, which manufactures London’s world famous black cab, has re-launched as the London EV (Electric Vehicle) Company,…
- Mercedes Widens Lead Over BMW With Trendy New E-Class, SUVs – Bloomberg: Mercedes-Benz widened its global luxury-car sales lead in the first half of the year, setting back BMW AG Chief Executive Officer Harald Krueger’s…
- The most expensive numberplates sold in the UK – Autocar: Welcome to our run-down of the most expensive numberplates sold in the UK. Scroll through for the plates and an artist’s impression of what they look like on their respective cars. Always fancied a personalised plate? Their prices vary, but these are the most expensive ever sold in the UK
- Honda’s Pickup Truck Is Beating Ford at Its Own Game – Bloomberg: Ford, the heavyweight champion of the truck game, hasn’t sold a midsize version in the U.S. since 2012. It didn’t want to cannibalize the perpetually…
- Beijing Hyundai fifth factory completes construction on July 19th, producing new Verna – Automotive News: Beijing Hyundai’s fifth factory began construction in June, 2015 in Chongqing. According to plan, the new factory will be put into production in August…
- Billions Will Be Blown in Race to Field First Self-Driving Cars – Bloomberg: Car companies ranging from General Motors Co. to Daimler AG and Volvo Car Group are promising to have fully-loaded self-drivers on the road within…
- BMW Group June sales up 2.1 pct as sales of 5 series fall – Reuters: BMW Group, which owns the Mini, Rolls-Royce and BMW brands, said its June car sales rose 2.1 percent worldwide, …
- India’s Oil Demand Growth Cools Even as Motor Fuel Use Expands – Bloomberg: Rising car and scooter use spurred by rapid economic expansion and higher income levels has made India a bright spot for global oil demand.
- Drivers waste billions on parking searches, overpayments: study – Reuters: Drivers want cheap, plentiful parking while governments in many large cities want to discourage vehicle traffic, reduce congestion and cut the air …
- LeEco-Backed Faraday Future Moves SUV Production as Work Halts on Las Vegas Plant – New York Times: Faraday is part of a network of young electric vehicle (EV) firms in China and the United States backed by Jia, who has said his company LeEco – that…
- Wells Fargo trims auto loans as market cools, risk overhaul kicks in – Reuters: Wells Fargo & Co is scaling back and remolding its auto lending business in response to growing stress in the market, as well as a bank-wide push for more centralized risk controls.
- China could field nearly half of new electric car models by 2020 – study – Reuters: Chinese automakers are on track to produce 49 of the 103 new electric car models that will be launched globally by 2020, as part of China’s push to accelerate the switch to battery power from oil, according to a new forecast released on Wednesday.
- Automakers gambling on new connected transport ecosystem – Automotive News: The auto industry is betting billions of dollars in a global game of roulette involving connected, autonomous, shared and electric vehicles.
- Mazda’s artful design – Automotive News: 1 on our weekly viral video chart, shows clay modeler Yuta Takanashi sculpting Mazda’s 2017 CX-5, which slowly morphs from prototype to a driving…
- China Auto Sales Rebound in June – Barrons: That good fortune didn’t rub off on other auto stocks. Dongfeng Motor (489.HK), Great Wall Motor (2333.HK) and SAIC Motor (600104.CN) were all in…
- Suits over GM ignition switch go into second round – Reuters: Opening statements began on Tuesday in the first trial in a case alleging an updated General Motors ignition switch was as flawed as a defective …
- UAW Says Nissan Workers Seek a Union Vote in Mississippi – New York Times: Thousands of demonstrators marched to the Nissan plant in Canton, Miss., in March after participating in a rally supporting unionization.
- Comment: why the Valkyrie feels like the future of Aston Martin – Autocar: The Aston Martin Vulcan feels like an over-pumped GTE Le Mans racer The British firm’s hypercar has little in common with its predecessor, the Vulcan
- Aston Martin Valkyrie revealed in near-production form – exclusive pictures – Autocar: Unprecedented levels of downforce are needed if this road car is to fulfil the promise of Aston boss Andy Palmer that it will “lap Silverstone as fast as an F1 car” Aston Martin-Red Bull’s £2.5m hypercar has extreme aerodynamics, light weight and more than 1000bhp
- Will National Pride Curb Tesla’s Global Ambitions? – Barrons: Tesla’s the most prominent electric vehicle company, but there are reasons to doubt its ability to dominate the industry. Photo: JOHANNES…
- State vs. state: Bidding to build Elon Musk’s next Tesla model – CNBC: Tesla’s electric-car plant in Fremont, California, has received incentives from the state to purchase equipment and create jobs. Musk has proved to be…
- US EPA chief says to treat diesel emissions cheating ‘very aggressively’ – Reuters: U.S. Environmental Protection Agency chief … to bypass emission controls in 104,000 diesel vehicles sold since 2014.
- Stocks That Could Get a Charge From Electric Cars – Barrons: … to go through the curious pre-trip ritual of adding a yellow tint to the headlight lenses of their car.
- The Inevitable Happens As Carmakers Switch To Electric Future – Forbes: Tesla’s boss Elon Musk just tweeted a photo of the first Model 3 to roll off the production line. In the world of electric cars, this model is a true watershed…
- Will a car become your office of choice? – Autocar: Audi wants your car to become a useful workplace Audi reckons autonomous driving could gain you an hour every day – to do more work…
- Uber says it will improve conditions for UK drivers – CNBC: Taxi app Uber said Tuesday it will be improving an offer to drivers and would welcome greater legal clarity about different types of employment in Britain.
- Audi seeks to eclipse emissions scandal with new technology-packed A8 car – Reuters: Battered by its emissions scandal, Audi launched its latest technology-packed A8 luxury saloon on Tuesday, aimed at overtaking rivals Mercedes-Benz and BMW as it struggles to overcome its biggest-ever corporate crisis.