Top News:
- AutoNation Q2 net income down 22% – Automotive News: AutoNation’s second-quarter net income dropped 22 percent to $87.7 million, while revenue dipped 3 percent to $5.28 billion.
- AutoNation Opens Used-Car Center as Margins Slip – WSJ: The nation’s largest dealership group opened its first “AutoNation USA” used-car center this week, a store playing central role a series of moves to lower reliance on auto makers that dictate strict terms to their retailers.
- Elon Musk warns of ‘manufacturing hell’ to come-Tesla workers say factory safety is already worse … – CNBC: “One of the most serious issues concerns our health and safety,” says a letter a group of factory workers from Tesla’s main Fremont, Calif., facility…
- China’s LeEco says in talks with China Construction Bank to resolve loan repayment – Reuters: Chinese tech conglomerate LeEco is in the midst of paying back an overdue loan and discussing repayments of a larger, upcoming due loan with China Construction Bank, the company said in a statement responding to media reports on Wednesday.
- 2018 Porsche Macan – new turbo V6 engines and restyled interior due – Autocar: Porsche’s facelifted sporty SUV gets a new range of turbocharged V6 petrol engines co-developed with Audi, plus cosmetic tweaks
- Mercedes-AMG’s first compact performance crossover takes a bite out of competition – Chicago Tribune: Let the big dog eat. I don’t know where the phrase comes from or why people seem to use it for everything from a toddler getting her way to a rare…
- AutoNation profit falls 21.8 percent on lower vehicle sales – Reuters: AutoNation Inc (AN.N), the largest U.S. auto retail chain, on Wednesday reported a 21.8 percent fall in quarterly profit hurt by lower new …
- Why one trader is bracing for Tesla to tumble on earnings – CNBC: With Tesla reporting earnings after the bell on Wednesday, trader Todd Gordon of TradingAnalysis.com is hedging his position in the automaker.
- Aston Martin hires ex-Ferrari and Maserati powertrain boss in electric push – Autocar: Aston Martin has recruited former Ferrari and Maserati engine head Joerg Ross as its new chief engineer for powertrains. Ross will lead development…
- German ministers and carmakers meet to ‘save diesel’ – Reuters: * Threat of ban on diesel cars in some German cities (Updates with environment minister comments, car sales data)
- German car sales up 1.5 percent in July despite diesel slump – KBA – Reuters: Sales of diesel cars in Germany fell 12.7 percent in July, a month when overall demand for cars rose 1.5 percent, German …
- Geely’s Volvo says sales rose 6.2 pct yr/yr in July – Reuters: Geely-owned Volvo Car Group said in a statement on Wednesday its sales rose 6.2 percent year-on year in July …
- Mercedes-AMG A45 ‘Predator’ due in 2019 with 400bhp and sharp styling – Autocar: Second-generation A45 will be a significantly more aggressive mega-hatch with a harder track mode and more power than the Audi RS3
- Tesla Earnings: What to Watch – WSJ: The auto maker’s second-quarter financial report comes amid a disappointing sales period. With Tesla ramping up production of its Model 3, investors will likely focus on the company’s cash burn.
- Ferrari Q2 core earnings rise 24 pct, confirms guidance – Reuters: Italian luxury sportscar maker Ferrari reported a 24 percent rise in second-quarter core earnings on Wednesday and kept its full-year guidance disappointing some investors who had expected it to lift its outlook.
- Volkswagen Finance Arm Raises 2017 Profit Forecast – New York Times: HAMBURG – Volkswagen’s finance division has raised its full-year profit guidance, counting on its return to bond markets to generate extra liquidity to…
- Turkey auto sales rise 40.6 pct in July – association – Reuters: Sales of automobiles and light commercial vehicles in Turkey rose 40.6 percent in July from the previous year to 82,297 …
- German new car sales up 1.5 pct in July -source – Reuters: German new car sales edged up 1.5 percent in July to about 283,000 vehicles, with customer demand slowed by the …
- Mazda profit falls 24% as automaker dials back US fleet sales – Automotive News: TOKYO – Mazda Motor Corp. said operating profit fell 24 percent in the latest quarter as a slumping wholesale volume, higher incentives and rising…
- Honda’s new model launches, SUVs help it outsell Toyota in China – Reuters: Honda Motor Co is outselling its bigger, deeper-pocketed rival Toyota Motor Corp in China this year, data from the Japanese …
- The Real Reason Car Sales Are Falling – Bloomberg: The only real wild card in the U.S. car market is the replacement rate, which is to say how often cars and trucks make their way to the junkyard. This is…
- Why It Seems Like Open Season on Car Companies: QuickTake Q&A – Bloomberg: Volkswagen AG vehicles sit on display for sale at the Bachman Volkswagen dealership in Louisville, Kentucky, U.S., on Saturday, Aug. 20, 2016.
- Toyota, Nissan, Honda Beat US Forecasts as Local Cars Wane – Bloomberg: Toyota Motor Corp. stood out as the only major automaker to increase U.S. sales last month and Nissan Motor Co. and Honda Motor Co. both beat…
- PSA moves swiftly to stamp authority on Opel/Vauxhall – Reuters: * Opel says plans much leaner management structure (Adds financial results for GM Europe in the second quarter)
- Austria investigating two companies related to VW scandal – Reuters: Two companies and their bosses are under investigation in Austria for suspected serious fraud, environmental offences and financial crimes in relation to the Volkswagen emissions scandal, a spokeswoman for economic and corruption prosecutors said on Wednesday.
- German ministers, carmakers meet to tackle pollution – Reuters: German ministers and car executives will meet on Wednesday to agree ways to cut inner-city pollution to try to stave off bans on …
- Mazda Q1 profit drops on weak N.American sales – Reuters: Japan’s Mazda Motor Corp on Wednesday posted a 24 percent drop in its first-quarter profit, hurt by a slump in sedan sales …
- The not-so-curious case of the Ferrari 488, the road test and the ‘cup’ tyres – Autocar: Why you won’t be reading our performance benchmarks for Ferrari’s mid-engined supercar in future
- Germany Makes Last-Ditch Effort to Rescue Diesel at Summit – Bloomberg: After nearly two years of constant crisis, the German car industry is looking to salvage its beleaguered diesel technology and draw a line under an…
- Germany’s carmakers feel the Tesla shock – FT: The $35,000 Tesla 3 is seizing the halo from Germany’s iconic industry. … for Tesla, the change from combustion engines to electric, and for Apple, the…
- Size Isn’t Everything, Big Auto – Bloomberg: Buoyed by the integration of Mitsubishi Motors Corp. last year, the Renault-Nissan Alliance sold 5.27 million vehicles in the first six months of the year,…
- Carmakers push toward mobility as a service – Detroitnews: The ‘two cars in every garage’ business model is poised for replacement by car-sharing
- Carmakers: Let’s make deal on fuel economy – Detroitnews: Trade group is calling for a three-way pact with the Trump administration and California
- Honda Motor Zooms After Upbeat 2018 Guidance – Barrons: Shares in Honda Motor (7267.JP) revved up as much as 5% in Tokyo trading Wednesday morning after the auto-maker raised its full-year 2018…
- Uber, Lyft Dealt a Setback in Seattle Union Effort – WSJ: A federal judge on Tuesday dealt a setback to ride-hailing companies Uber Technologies and Lyft in their battle to blocka unionization effort in Seattle for thousands of contract drivers.
- Honda Motor climbs 5% after lifting full-year forecasts – FT: Honda Motor rose as much as 5 per cent to a four-month high on Wednesday after better-than-expected net profit and sales in the first quarter…
- Auto Sales Contract as Demand Stalls for Trucks and SUVs – New York Times: New car and truck sales have fallen every month this year after hitting a … A Jeep pickup that has been in development for the last few years would…
- Apple has a ‘large project’ on autonomous systems, but it’s not necessarily a car – CNBC: Apple CEO Tim Cook has repeatedly called autonomous systems the “mother of all AI projects,” and the company has a car endeavor underway,…
- Tesla earnings – What you need to know in markets on Wednesday – Yahoo: During another busy week for earnings and the economy, Wednesday’s highlight will be results from electric carmaker Tesla (TSLA), slated to report…
- The history of the Aston Martin Vantage name – Autocar:
- Canada’s July auto sales up 4.9 percent as sales decline in US – Reuters: Canadian auto sales rose 4.9 percent in July as the industry benefited from strong economic growth, even as U.S. sales fell for a fifth …
- EVs fuel GM’s car-share vision – Automotive News: Electric vehicles will be the key to General Motors’ vision of shared vehicle ownership, the head of the automaker’s commercial mobility unit said…
- HYUNDAI-KIA: Declines hit most cars, crossovers – Automotive News: U.S. sales at Hyundai Motor America dropped 28 percent in July from a year earlier to 54,063 Hyundai and Genesis vehicles. HMA deliveris are now…
- Ferrari CEO to unveil new five-year plan – Autocar:
- The Tesla Model 3 Is No Ford Model T – Forbes: Tesla TSLA -1.18% is clearly touting its new Model 3 electric car as a product for the masses. Recent headlines proclaim it a “mass-market electric car…
- Automakers, regulators urge work on US fuel rules review – Reuters: A U.S. Environmental Protection Agency official and major auto industry lobbyists urged the government and …
- Tesla Loses Key Executive in Charge of Battery Technology – Fortune: His departure leaves CEO Elon Musk to fill a critical position at the electric … started making lithium-ion battery packs for the Model 3 electric vehicle.
- Tesla’s battery tech director Kurt Kelty departs – FT: Mr Kelty’s departure follows Chris Lattner’s exit in June, just six months after he joined from Apple to lead Tesla’s Autopilot software. The automaker…
- Another reason the Tesla Model 3 may eat into Model S sales – CNBC: Tesla appears to inspire the kind of enthusiasm Apple’s iPhone generated among its fans and customers, Sacconaghi said. And that’s despite the fact…
- Death List 2018: The cars that won’t be back next year – Washington Post: Credit-or blame-the Infiniti QX70 for igniting the segment-busting, sporty-over-practical crossover craze. When it debuted as the Infiniti FX, this…
- European Bank Cuts Funds to VW Because of Emissions Fraud – New York Times: A Volkswagen factory in Wolfsburg, Germany. The cut in financing from the European Investment Bank is the latest blow to the automaker’s reputation.
- How disruptive will the engine’s demise become? – Automotive News: Robert Davis, Mazda’s senior vice president in charge of special assignments for North America, said it’s a myth that electric vehicles eliminate carbon…
- China’s DiDi to back small Uber rival Taxify in Europe, Africa – Reuters: * China’s DiDi to back Taxify’s expansion in Europe and Africa
- The Future of Tesla Inc (TSLA) Stock All Depends on the Model 3 – Yahoo: Tesla Inc (NASDAQ:TSLA) hosted a publicity event last Friday that rivals those of new-product unveilings from tech icon Apple Inc. (NASDAQ:AAPL). In an incredible public spectacle, Tesla CEO Elon Musk delivered the first thirty…
- GM Canada sales up 22 percent in July, Fiat Chrysler slips – Reuters: General Motors Co (GM.N) said on Tuesday it sold 25,852 vehicles in July in Canada, up 22 percent from a year earlier – a striking contrast …
- GM: Sales down 15% as stocks hover over 100 days – Automotive News: GM’s U.S. supply of new vehicles at month’s end was 104 days, down … DETROIT — General Motors on Tuesday reported a 15 percent decline in July…
- PSA takes first steps in Opel turnround as it closes deal with GM – FT: The deal makes PSA, parent of Peugeot and Citroën, the second-largest European car manufacturer, with a market share of 17 per cent in the first half.
- Tesla: What Will General Motors Do? – Barrons: On Friday evening, Tesla (TSLA) launched its mass-market Model 3 to much fanfare, but no one should forget that General Motors (GM) had already…
- Germany to agree plan to cut diesel emissions: sources – Reuters: The German government will not force the car industry to make costly changes to engines to cut diesel emissions but will settle for …