Top News:
- As Silicon Valley talent war erupts, Toyota seeks techies at home – Automotive News: Salaries have soared in Silicon Valley for automotive technology experts thanks to the emergence of Uber and Tesla as serious rivals. That’s why Toyota and other Japanese automakers are looking for engineers at home.
- Toyota and Mazda form alliance to share EV technology – Autocar: Toyota showed the Concept-I, an electric autonomous city car packed with technology, earlier this year. The brand will work with Mazda to develop electric cars, connected technology and advanced safety tech Tie-up will involve Japanese firms partnering on new technology and a £1.22 billion factory in the US
- Germany’s Answer to Tesla’s Gigafactory Is on Its Way – Fortune: A German consortium is preparing to set up major lithium-ion battery cell production facilities at two locations. Led by a company called TerraE Holding GmbH, the group aims to target customers in the transport and industrial sectors who want to …
- Volvo Cars to share engine technology and more with parent Geely: sources – Reuters: Sweden’s Volvo Cars, a unit of Zhejiang Geely Holding Group, has agreed to make some engines available for Geely-branded vehicles, sources said, deepening ties between the carmakers who already share technology through third brand Lynk & Co.
- For Tesla and investors, it’s complicated – CBS News: Tesla’s (TSLA) stock jumped more than 6 percent on Thursday, closing at $347.09, as investors cheered the electric-car maker’s better-than-expected…
- Tesla shares rise as investors bet on Model 3 success – Yahoo: FILE PHOTO: Tesla Model 3 cars are seen as Tesla holds an event at the factory handing over its first 30 … Tesla/Handout via REUTERS/File Photo.
- Toyota, Mazda to Build $1.6 Billion Plant in US in Joint Venture – WSJ: Toyota Motor Corp. and Mazda Motor Corp. are expected to announce Friday plans to build a $1.6 billion assembly plant in the U.S. that would create…
- VW to offer incentives soon for diesel owners to adopt cleaner models – Reuters: Volkswagen will offer incentives to drivers of older diesel models of its five main passenger-car brands to switch to cleaner vehicles in a bid to help cut pollution, it said.
- Toyota and Mazda to team up on electric cars, open joint $1.6bn US plant – FT: Toyota and Mazda have agreed to jointly establish a $1.6bn assembly plant in the US as well as collaborate on new technologies for electric vehicles.
- Toyota Is Lost Without a Map – Bloomberg: The president of the world’s biggest carmaker turns 65 in 2021, at around the time when a lot of the trends bearing down on Toyota Motor Corp.
- UK car sales fall for fourth month in a row in July – Reuters: British new car registrations fell for a fourth consecutive month in July, the longest run of declines since 2011, in the latest sign of …
- UK car demand tumbles by 9.3% amid Brexit uncertainty – Autocar: Fourth consecutive month of decreasing new car sales is attributed to economic conditions
- Toyota, Mazda will build $1.6 billion U.S. assembly plant – Automotive News: The joint venture between the Japanese automakers gives Mazda a U.S. production source once again and Toyota a relatively inexpensive way to hike North American capacity.
- Japan trade minister welcomes cooperation between Toyota and Mazda – Reuters: Japanese Trade Minister Hiroshige Seko said on Friday he welcomed the cooperation between Toyota Motor Corp and Mazda Motor Corp on producing cars with next-generation technology.
- Toyota to take 5 pct stake in Mazda, jointly build $1.6 bln U.S. plant – Reuters: Japanese automakers Toyota Motor Corp and Mazda Motor Corp announced on Friday they will build a $1.6 billion U.S. assembly plant as part of a new joint venture, while Toyota will take a 5 percent stake in its smaller rival.
- Toyota, Mazda Plan to Invest $1.6 Billion to Build US Plant – Bloomberg: Trump’s pressure to build more vehicles in the U.S. may have affected the timing of Mazda’s decision to start manufacturing cars in the U.S., as well as…
- Workers at Mississippi Nissan plant casting ballots on union – Washington Post: CANTON, Miss. – Workers at a Nissan auto assembly plant in Mississippi are voting on whether they want the United Auto Workers union to bargain…
- Toyota lifts profit outlook on weaker yen prospects – Reuters: Toyota Motor Corp raised its full-year profit forecast by 16 percent on Friday, citing expectations of a weaker yen, after posting a smaller-than-expected drop in quarterly profit.
- Uber rented out fire-prone cars to Singapore drivers – Guardian: Uber said it had taken action to repair faulty cars in Singapore after it was reported the ride-hailing company rented them out to drivers despite being…
- Toyota to build $1.6 billion U.S. plant with rival Mazda – source – Reuters: Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said.B
- Ford China July vehicle sales down 7 pct y/y – Reuters: Ford Motor Co’s China sales fell 7 percent to 84,474 vehicles in July from a year earlier, after a 15-percent increase in June, the company reported on Friday.
- Toyota lifts outlook, first quarter profit falls less than market expected – Reuters: Toyota Motor Corp raised its full-year outlook on Friday after posting a lower than expected fall in quarterly operating profit thanks to favorable exchange rates.
- Over 60000 people have cancelled their Tesla Model 3 orders because they’re tired of waiting – Yahoo: When it comes to electric vehicles – more specifically, Tesla’s just-launched Model 3 – it appears many would-be buyers are realizing their eagerness to own the vehicle has been beaten by their own impatience, and a whopping 63,000 people have now…
- Toyota boosts full-year forecasts on weaker yen – FT: Toyota thinks it will avoid booking a second straight year of double digit decline in profit thanks to expectations for a weaker yen helping to boost their…
- BRIEF-Toyota, Mazda to hold joint news conference at 1000 GMT – Reuters: * Toyota Motor Corp says to hold joint news conference with Mazda Motor Corp at 7 p.m. JST (1000 GMT) in Tokyo
- Uber knowingly rented out faulty cars, WSJ says; firm says it’s fixed the problem – Reuters: Uber Technologies Inc knowingly rented its drivers defective cars at risk of catching fire, the reported on Friday, and the ride-hailing firm said it moved to fix the problem after one of the vehicles suffered a fire.
- China EV Battery Growth is Back; Which Stock to Buy? – Barrons: After a weak China EV & battery market in 1Q17 due mainly to the EV … driving EV production and sales volume to grow 19.7%/14.4% y-y in 1H17 as…
- Toyota, Mazda mull joint plant in US – Nikkei: Toyota Motor and Mazda Motor are considering building a joint assembly plant in the U.S. under their planned capital partnership, The…
- Uber takes action to fix unsafe cars rented to Singapore drivers – Reuters: Uber Technologies Inc said on Friday it has taken action to fix defective cars that it had rented to drivers in Singapore and was coordinating with regulators in the city state to resolve any concerns.
- Toyota’s $53 Billion Cash Pile Could Be Better Used – Bloomberg: Here is a chart showing how Toyota Motor Corp. has kept a big war chest for acquisitions or a buffer for mistakes even as its return on invested capital…
- Uber Is Taking Action to Fix More Than 1000 Unsafe Cars It Rented to Singapore Drivers – Fortune: … into software to help drivers avoid police and an intellectual property lawsuit by Waymo, the self driving car unit of Google (googl) parent Alphabet.
- Mazda to issue new shares for Toyota to take stake: – Reuters: Mazda Motor Corp (7261.T) will issue new shares to Toyota Motor Corp (7203.T) as part of an agreement that will see Toyota take …
- Toyota and Mazda to decide on collaboration over US car plant – FT: “We intend to submit a proposal to our board of directors today regarding the partnership with Mazda, however, we would like to refrain from providing…
- Imported car sales soar 12 pct in July – Yonhap: Lexus’ ES300h was among the top three best-selling models with 660 units sold, along with Mercedes-Benz’s E220d 4MATIC sedan and Ford…
- Toyota, Mazda said to be near deal for $1.6B U.S. plant – Detroitnews: Facility would create 4,000 jobs, be able to produce 300,000 Corolla compact cars and Mazda crossovers a year
- Toyota and Mazda plan to build $1.6 billion US plant in joint venture: Sources – CNBC: Japanese automakers Toyota and Mazda are forming a partnership to build a new final assembly plant in the United States, with sources familiar with…
- BRIEF-Toyota says will discuss cooperation with Mazda on Friday – Reuters: … * Toyota: To discuss cooperation with Mazda at board meeting Friday, will announce any developments as soon as possible. Further company …
- Nissan pushes to expand electric line-up using Leaf platform – Autocar: Nissan will use the platform of its next-generation Leaf to produce additional electric models, as it bids to offer a more comprehensive range of…
- Electric-Car Maker Faraday Secures Rescue Loan – WSJ: Faraday Future, a high-profile electric-car startup, has pledged its corporate … The company has agreed to borrow about $14 million from Innovatus…
- Spy shots show off 2018 Aston Martin Vantage – Autocar:
- Nissan’s sales in China rise 14% in July – Nikkei: Nissan Motor sold 104,794 new vehicles in China last month, a 14.2% year-on-year gain and the first double-digit increase in five…
- Uber’s Auto Leasing Scrutinized After Singapore Safety Issues – Bloomberg: Uber managers in Singapore were aware that Honda had recalled the Vezel models when it bought and leased them to drivers, and at least one car…
- With Mazda tie-up, Toyota accelerates partnership strategy – Nikkei: Toyota put Daihatsu in charge of the group’s compact car operations for emerging markets. It hopes to be able to stand up to Google and its ilk by…
- Tesla could burn more than $1 billion per quarter from weak Model 3 margins, Toni Sacconaghi says – CNBC: If the Model 3 fails to produce margins, Tesla could potentially be spending more than $1 billion a quarter, said an analyst. The popular automaker…
- Uber was slow to pull recalled cars off the road in Singapore, until one caught fire – CNBC: When some of Uber’s Honda Vezel cars were recalled in April 2016 for a part that could overheat, Uber continued to buy the Vezel cars with the faulty…
- Want a Car That Goes Crazy Fast? Go Electric – WSJ: IF GEAR HEADS had any doubts about how ferocious electric sports cars can be, Richard Hammond destroyed them in June, along with a…
- Three European countries say they’re done with fossil-fueled cars. Can the rest of the world catch up? – Washington Post: “There are cleaner-car alternatives than they used to be and companies and countries are beginning to realize that hybrids and electric vehicles make…
- Toyota board to consider expanded alliance with Mazda – Reuters: Toyota Motor Corp (7203.T) on Thursday said its board of directors will consider a proposal about further partnership with rival Mazda …
- Tesla’s Lowest Cash in Over a Year May Only Be Temporary – Bloomberg: He says the situation should quickly reverse as its Model 3 ramps up, giving the electric-car maker better payment terms from suppliers. “The Nirvana…
- How a Chevy Bolt Just Beat a Tesla Model S – Fortune: But now the Chevrolet Bolt, GM’s all-electric car that starts at $37,495 including the destination fee, has beat a Model S 75D in a battery range test…
- Toyota, Mazda plan joint assembly plant in US, report says – Automotive News: Photo credit: BLOOMBERG … Toyota, the world’s second-largest automaker by vehicle sales in 2016 and Japan’s dominant car company, has been…
- Tesla’s Cash Could Burn in Production ‘Hell’ – WSJ: Tesla Inc.’s version of production “hell” apparently means the Silicon Valley electric-car maker will run low on cash later this year as it embarks on an…