Top News:
- Uber, Ola’s Indian legal woes put SoftBank’s funding in firing line – Reuters: Indian taxi company Meru Cabs has stepped up its legal challenge against local competitor Ola and U.S. rival Uber, alleging the firms are abusing their market position, and believes that planned investments in both by Japan’s SoftBank underscore its view.
- Midsize match-up: Edmunds sizes up Camry versus Accord – Washington Post: The Honda Accord and Toyota Camry have long been household names, but these stalwarts are shaking things up for 2018. With fierce competition…
- Uber’s India Rival Raises $1.1 Billion From Tencent, SoftBank – WSJ: Indian ride-hailing startup Ola said it has raised $1.1 billion in a fundraising round led by Tencent, with Japan’s SoftBank and new U.S. investors also participating in the round.
- Porsche launches car subscription service in the US – Autocar: Smartphone app-based Porsche Passport subscription service allows drivers access to a 22-model range
- BMW’s Is Reportedly Planning to Take On a Second Chinese Carmaker Partner – Fortune: BMW is reported to be considering a manufacturing joint venture with China’s Great Wall (GWLLF, +0.00%) . The deal, reported by quoting an…
- Driverless Cars Are Giving Engineers a Fuel Economy Headache – Bloomberg: “If you are trying to maximize your utilization” of an autonomous vehicle, a battery-electric car “is really restrictive for your business,” Jim Farley, Ford’s president of global markets, told investors on Oct. 3. He said Ford believes hybrids are …
- Investors giving ‘cash incineration engine’ Tesla a lot of rope, but may soon lose patience – CNBC: Tesla’s long term stock performance is extremely impressive. The stock is up nearly 1,200 percent since the end of 2010 compared to the market’s…
- Remote-control Nissan GT-R /C created to mark new Gran Turismo launch – Autocar: Nissan has created a GT-R that can be controlled using a Sony PlayStation DualShock 4 controller to mark the launch of the next Gran Turismo video…
- Kobe Steel crisis deepens on new revelations of data fabrications, shares dive – Reuters: The misconduct at Kobe Steel follows scandals involving falsified data at household names such as Nissan Motor, Mitsubishi Motors and Takata Corp.
- Uber Pushed the Limits of the Law. Now Comes the Reckoning – Bloomberg: This was corporate speak for booking a car on a competitor’s app and trying to convince the driver to switch to Uber. It became common practice all…
- BMW eyes China joint venture with Great Wall: source – Reuters: German luxury automaker BMW is looking to form a joint venture with Great Wall Motor, a source familiar with the matter said, sending shares in the Chinese automaker up by nearly a fifth on Wednesday.
- Great Wall Motor hits 2-year high on BMW joint venture report – FT: According to BMW’s statement, its cooperation with Brilliance would continue until at least 2028. “Our business development with the joint venture…
- Great Wall Motor Shares Surge on BMW Joint Venture Talk – Barrons: Why would BMW do this? Potential explanations for BMW’s interest in such a venture could include (1) the creation of a new stream of EV credits on…
- VW’s Skoda committed to Czech Republic, plans to add jobs – Reuters: Volkswagen’s Czech carmaker Skoda Auto underscored its commitment to its home country on Wednesday, saying it was planning to add jobs there amid worries the business could lose some production to Germany.
- Tesla EV Network Shows a $2.7 Trillion Gap, Morgan Stanley Says – Bloomberg: A $2.7 trillion chasm stands between electric vehicles and the infrastructure needed to make them popular. That’s how much Morgan Stanley says must be spent on building the supporting ecosystem for EVs to reach its forecast of 526 million units by 2040.
- Mercedes GLS to get luxury upgrade – Automotive News: The Mercedes-Benz GLS will get lighter and more luxurious when the next-generation large SUV goes on sale in 2019. As seen in recent spy shots,…
- Car Loan Boom Led by Lloyds Stokes Fears of Losses as Sales Dip – Bloomberg: “If the demand for new vehicles stalls, then the credit quality of car finance companies deteriorate — that’s the transmission channel that could lead to a….
- China’s Great Wall Motor shares jump after report on BMW tie-up – Reuters: Chinese carmaker Great Wall Motor’s … Haval hybrid vehicle is presented during the Auto China 2016 auto show in …
- GM says China September vehicle sales up 6.6 pct y/y – Reuters: General Motors Co’s vehicle sales in China rose 6.6 percent in September from a year earlier to 366,305 vehicles, following a 12 percent increase in August and a 6.3 percent increase in July, the Detroit automaker said on Wednesday.
- BMW looking at venture with China’s Great Wall, may build factory: source – Reuters: German luxury automaker BMW is looking at … FILE PHOTO: A Great Wall Motors Haval HB-02 concept vehicle is …
- India’s Ola raises $1.1 billion in Tencent, SoftBank-led round, seeks another $1 billion – Reuters: Indian ride-hailing firm Ola has raised $1.1 billion … which includes technologies like its in-car entertainment platform called …
- Uber’s biggest rival in India got $1.1 billion from Tencent, SoftBank at around a $7 billion valuation – CNBC: The new funds will be used to boost Ola’s technology, leasing program, and electric car strategy.
- Chinese carmaker shares pop on BMW joint venture speculation – FT: Hong Kong shares in China’s Great Wall Motor were trading 14 per cent higher on Wednesday afternoon amid speculation the company was forming…
- China goes all out to be king of the electric car – Nikkei: Disappointed by its failure to build a world-class brand in the gasoline and diesel car markets, China is determined to dominate electric vehicles.
- Building a car for the smartphone generation – Nikkei: When Daniel Kirchert became head of Nissan Motors’ luxury brand Infiniti in China in 2013, he installed three air purifiers in his small…
- Power Companies to Stick With Plans Despite EPA’s Emissions Repeal – WSJ: Some of the biggest U.S. power companies said they are pushing ahead with investments in renewable and gas-fired electricity, regardless of the Trump administration’s move to repeal Obama-era federal limits on carbon emissions at power plants.
- Subscribe to a Porsche for $2,000 per month – Detroitnews: App-based monthly subscription service allows users to drive the Porsche of their choice
- Should You Worry About Faulty Metals in Your Car? – Bloomberg: As Kobe customers like Toyota Motor Corp. and Nissan Motor Co. scramble to understand what the news means for them, concerned drivers have…
- BMW’s self-driving tech collaboration adds Magna – Automotive News: Magna International has struck a deal with BMW, Intel and Mobileye to bring a new self-driving platform to the automotive market by 2021. Magna said…