Top News:
- Bentley CEO Wolfgang Durheime replaced by JLR strategy boss – Autocar: Reports in German management magazine claim Adrian Hallmark will take helm of VW Group’s luxury car brand
- Volkswagen chairman doesn’t rule out outsider as next CEO – Reuters: Volkswagen’s supervisory board does not rule out doing away with a custom under which the carmaker’s top executive must be a company veteran, Chairman Hans Dieter Poetsch said.
- Bentley to hire Jaguar Land Rover exec as new CEO, report says – Automotive News: Bentley CEO Wolfgang Duerheimer will be replaced by Adrian Hallmark, currently head of strategy at UK rival Jaguar Land Rover,…
- Bentley Motors’ CEO to step down: Manager Magazin – Reuters: Luxury British carmaker Bentley Motors’ chief executive Wolfgang … The departure of Duerheimer, a former top manager at Bentley’s parent Audi (NSUG.DE) and at Porsche, Volkswagen’s (VOWG_p. … Duerheimer, who was also CEO of Bugatti, part of the VW stable and the maker of …
- Uber stripped of London licence – Reuters: London stripped Uber on Friday of its licence to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities.
- Trump Team Readies for Nafta Fight Over Making Goods in America – New York Times: Employees work on the Honda Civic production line at the automaker’s factory in Wuhan, China, in February. Credit Agence France-Presse – Getty Images. WASHINGTON – As negotiators from Canada, Mexico and the United States head to Ottawa this…
- Uber stripped of its licence to operate in London – Reuters: London’s transport regulator on Friday stripped Uber of its licence to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app.
- London Says It Won’t Reissue Uber’s License – WSJ: The U.K. capital’s top transport authority said it won’t re-issue a private-car hire license to Uber Technologies, saying it found the company unfit to hold such a permit.
- Uber London to lose operating licence due to TfL concerns – Autocar: Uber has 21 days to appeal Transport for London’s decision Transport for London says it will not renew Uber’s operating licence, which expires this month
- Hong Kong stocks trim weekly gains on new North Korea tensions – Nikkei: Geely Automobile Holdings was the week’s best performer with a 12.5% jump — more than three times as much as the next best gainer on the 50-stock…
- Uber says will appeal decision to strip it of licence to operate in London – Reuters: Uber said it would challenge a decision by London’s transport regulator on Friday to strip it of its licence to operate from the end of the month.
- 2018 MG 6 revealed for Chinese market – Autocar: Unveiling of Chinese-market car shows that the 6 has taken a leap upmarket; UK version will follow closely
- Malaysia defends ride-hailing laws after media report U.S. probe into Uber dealings – Reuters: Malaysia on Friday said it passed laws regulating ride-hailing services after extensive stakeholder consultation and legal processes, after media reported U.S. authorities were investigating ride-hailing firm Uber Technologies Inc [UBER.UL] for possible breach of bribery laws in Malaysia.
- Daimler, BYD plan new EVs for China – Automotive News: Daimler and BYD plan to expand their cooperation to bring new EV models to … Beijing Electric Vehicle, the EV division of state-owned BAIC Motor,…
- Exclusive: German carmakers’ HERE spent 640 million euros on R&D in 2016 – Reuters: Germany’s three biggest carmakers have accelerated R&D spending at HERE after their 2015 acquisition of the digital mapping company as they race to develop the navigation technology needed for self-driving cars.
- Uber’s London Private Hire License Revoked by Transport Body – Bloomberg: … a lawsuit alleging the company stole self-driving car technology from Alphabet Inc., to a bribery investigation in Asia, to a boorish company culture.
- MARKET BUZZ: Geely Helps Hong Kong’s HSI End Higher For Week – Nikkei: Index still manages to eke out 0.3% advance this week, helped by Geely Automobile and casino stocks. Shanghai Composite ends down 0.2%,…
- Porsche 718 Cayman GTS and Boxster GTS due this year with 375bhp – Autocar: Exterior upgrades and performance tweaks will make coupe and convertible pairing the hottest in the current range
- BYD predicts ambitious China shift to electric cars by 2030 – Reuters: Chinese automaker BYD Co Ltd expects the country’s shift to cleaner new-energy vehicles (NEV) to be complete in …
- In California, a major utility is teaming up with Tesla to boost the staying power of renewables – CNBC: California has ambitious plans for its energy mix, having set itself the target of generating 50 percent of its electricity from renewable sources by 2030.
- VW, BMW and Fiat face big fines over CO2 targets – FT: Volkswagen, BMW and Fiat Chrysler are among groups facing fines as falling diesel sales and rising consumer appetite for large sport utility vehicles…
- Aston Martin CEO: Green vehicle regulations are meaningless and ‘just spin’ – CNBC: Lawmakers are formulating “meaningless” green vehicle regulations, according to Andy Palmer, CEO of British luxury car manufacturer Aston Martin
- How Electric Cars Can Create the Biggest Disruption Since iPhone – Bloomberg: It’s 10 years since Apple Inc. unleashed a surge of innovation that upended the mobile phone industry. Electric cars, with a little help from ride-hailing…
- Road to electric car paradise paved with handouts – Reuters: Drivers of electric cars also receive nationwide tax breaks worth tens of … As ‘ Alister Doyle explains, the high subsidies have become too …
- Jaguar Land Rover to trademark Defender design to see off rivals – FT: Jaguar Land Rover is seeking to trademark the iconic shape of the Land Rover Defender amid attempts by billionaire owner of Ineos, Jim Ratcliffe,…
- Tesla Model S 90D receives subsidy in S. Korea – Yonhap: Tesla Motors Inc.’s Model S 90D is eligible to receive government subsidies in South Korea as the country has recently…
- S. Korea to promote self-driving cars at PyeongChang Olympics – Yonhap: Self-driving cars, including the G80 from Hyundai Motor Co.’s luxury sub-brand Genesis, and hydrogen-powered vehicles will run from Seoul to…
- Volvo XC40 revealed – Autocar:
- Renault Samsung’s QM6 earns highest score in Euro NCAP crash test – Yonhap: Renault Samsung Motors Corp., the local unit of French automaker Renault S.A., said Friday that its QM6 sport-utility…
- Lamborghini plans more hardcore models with motorsport influence – Autocar: Lamborghini’s growing motorsport department will help it produce more track-focused road models such as the Huracán Performante in the near…
- Volvo tries to take hassle out of ownership with XC40 – Detroitnews: The company will ounveil the vehicle in Milan on Thursday. … how companies increasingly straddle the twin roles of manufacturer and service provider – even … Since introducing the revamped XC90 SUV in 2014, the first car to be…
- China Might Ease Ownership Rules for Foreign EV Companies – Detroit Bureau: For example, Ford Motor Co. is with talking with Anhui Zotye Automobile … open a battery plant this year with domestic partner SAIC Motor Corp Ltd.
- Mercedes Plots $1 Billion Tesla Attack – Bloomberg: … electric vehicles at its Alabama factory, setting the world’s largest luxury-car maker up to battle with battery-car specialist Tesla Inc. on its home turf.
- Daimler to Invest $1 Billion in Alabama Plant, Create Over 600 Jobs – New York Times: BERLIN – Germany’s Daimler said it will invest $1 billion to expand its U.S.-based Mercedes-Benz plant in Alabama to start building electric…
- AMD ‘Dead on Departure’ in AI Versus Nvidia, Says Global Equities – Barrons: … following yesterday’s rumor that AMD might be stealing business from Nvidia (NVDA) for chips for autonomous driving sold to Tesla Motors (TSLA).
- China’s Baidu launches $1.5 billion autonomous driving fund – Reuters: Chinese search engine Baidu Inc announced a 10 billion yuan ($1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.
- PSA will launch EV versions of Peugeot 208, 2008 and DS 3 Crossback – Automotive News: It would have a range of about 300 km, similar to the Renault Zoe, Evercore said. PSA will introduce a battery-powered variant of the DS 3 Crossback,…
- Volvo Downsizes With Debut of new XC40 – Detroit Bureau: Volvo is rapidly fleshing out its showrooms, and with the launch of the new XC40 … And, as TheDetroitBureau.com yesterday reported, Volvo is already … for both the Geely brand and the new, mid-range Lynk & Co. brand recently…
- Volvo Rolls Out Compact SUV in Latest Upmarket Move Under Geely – New York Times: Since it was bought from Ford by Zhejiang Geely Holding Group [GEELY.UL] in 2010, Volvo has taken on larger rivals such as BMW and Daimler’s…
- Volvo Enters Crowded Compact SUV Race With Hassle-Free XC40 – Bloomberg: Volvo Cars, unveiling its first compact sport utility vehicle, is moving beyond eye-catching design and dashboard gadgetry by offering to…
- Volvo Tries All-Inclusive Pricing and Concierge Services for Its Newest SUV – Bloomberg: The XC40, which will later be available in an electric version, will be the first to be made on the compact-car platform Volvo developed with Geely.
- Mitsubishi to beef up US marketing, hires new agency – Automotive News: Mitsubishi, now under Nissan’s control, is beefing up its U.S. marketing plans and has hired Butler Shine Stern & Partners as its agency of record for…
- Nissan chief adds note of caution to Ghosn’s electric dream – FT: Hiroto Saikawa has only been chief executive of Japanese car group Nissan for a handful of months, but already he has distanced himself from his…
- Daimler joins rush to add more North American auto plants – Reuters: U.S. automakers are facing mounting pressure amid … The company is joining a rush to add vehicle-making capacity in a U.S. …