Top News:
- Uber loses another senior figure as European policy chief quits – Reuters: Uber’s European policy chief Christopher Burghardt is quitting to join the electric vehicle charging network company Chargepoint, the companies said on Tuesday, becoming latest senior figure to leave the taxi app.
- Volvo unveils first Polestar model, part of green car push in China – Reuters: Volvo Cars and its Chinese parent unveiled their first Polestar model and plans to invest 5 billion yuan ($760 million) in the electric vehicle brand, gearing up for intense competition to sell green cars in the world’s biggest auto market.
- Volvo’s Polestar unveils long-range hybrid coupe – Automotive News: SHANGHAI – Volvo Cars’ Polestar division will build electrified cars in China for global markets, starting with the Polestar 1 high-performance plug-in…
- Volvo shows plans for Polestar brand to take on Tesla – FT: Volvo will use its new Polestar brand to take on Tesla’s Model 3 with a long-range electric car offered under a subscription service in 2019.
- Polestar to take on Tesla with Model 3 rival and SUV by 2019 – Autocar: Polestar 2 (top) and 3, as imagined by Following the Polestar 1, more models will be offered using its subscription service
- Polestar 1 coupe revealed with 592bhp hybrid drivetrain – Autocar: Sleek GT to be Volvo-owned firm’s flagship; Polestar sales online by subscription only; valued at about £116,000
- Mitsubishi Motors to accelerate R&D, capital spending: – Reuters: Japanese automaker Mitsubishi Motors Corp (7211.T) is planning to inject more than 600 billion yen ($5.35 billion) in capital spending and …
- Driverless Cars Will Open the Door to a Building Spree – Bloomberg: It’s 2027 (or 2037) and the age of the self-driving car. City-dwellers have traded in their car keys for ride hails. Street parking has been replaced by…
- With Spain gripped by Catalonia crisis, VW’s Seat delays naming new model – Reuters: With the Spanish media focused on the political crisis over Catalonia, Volkswagen’s Spanish division Seat has decided to delay announcing the name of its forthcoming model.
- Electric car sales in China set to reach record-breaking 700000 units in 2017 – Autocar:
- Tesla is falling after firing hundreds of workers (TSLA) – Yahoo: Tesla was down as much as 1.91% on the first day of trading since … Shares of Tesla were down close to 2% early on Monday, but have settled…
- SoftBank’s deal to invest in Uber is ‘very likely’ in the next week, Arianna Huffington says – CNBC: SoftBank’s investment in Uber could be agreed within the next week, Arianna Huffington said.
- Bajaj Auto Q2 profit falls about 1 percent – Reuters: Bajaj Auto Ltd, India’s fourth biggest automaker by market capitalisation, on Tuesday reported a 1 percent fall in quarterly profit, in line with analysts’ expectations.
- Citroe?n still working on WRC-inspired C3 hot hatch – Autocar: Citroen wants to capitalise on its WRC involvement Such a hot hatch would “not just be power, power, power, but offer other Citroe?n ingredients”
- Uber Likely to Reach a Deal With SoftBank in One Week – WSJ: Uber is likely to reach a resolution within a week in talks with SoftBank over pricing for a complicated investment deal that could give the Japanese company a sizable stake, an Uber board member said.
- European Car Sales Drop as Brexit Concerns Hurt UK Demand – Bloomberg: European car sales fell in September for only the second monthly drop this year … German manufacturer Opel and British sister nameplate Vauxhall together sold … following their purchase by PSA from General Motors Co. in August.
- Ford, PSA led European car sales decline in September – Reuters: French carmaker PSA Group (PEUP.PA) and U.S. competitor Ford (F.N) led a 2 percent decline in European car sales last month, …
- GM to Test fleet of Electric Cars In New York – WSJ: GM GM -0.26% will deploy a fleet of self-driving Chevrolet Bolt electric cars early next year in a 5-square-mile section of lower Manhattan that…
- Lithium prices surge as China pushes e-vehicles – Nikkei: To combat air pollution, the Chinese government is working to strengthen environmental regulations and popularize electric vehicles. Recently relaxed eco-car regulations make such autos easier to manufacture and sell. Chinese sales of electric vehicles …
- Oppenheimer: Tesla Model 3 Production Problems Tied to Suppliers – Fortune: Tesla’s Model 3 production problems stem from a small number of suppliers that have failed to deliver on time, according to Oppenheimer & Co.
- Cobalt stand-off key to future of electric vehicles – FT: Demand for cobalt in electric vehicle batteries is expected to grow fourfold by 2020, and eleven-fold by 2025, according to Wood Mackenzie. If supply…
- Mich. universities push ahead on autonomous vehicles – Detroitnews: Students and faculty help research and develop technology needed for self-driving cars
- Japan’s Kobe Steel May Have Faked Data for Over a Decade – Bloomberg: are investigating whether any car parts contain falsified materials from Kobe Steel, according to company spokespeople. Toyota supplier Denso Corp.
- Mini to explore more body styles beyond five ‘superheroes’ – Autocar: Mini EV Design boss tells the introduction of a Mini EV could kick-start a new era for future Mini design
- Polestar 1 rear shown before today’s reveal – Autocar: Volvo’s standalone brand will reveal its first model, the Polestar 1, today Snippets shown suggest a striking similarity to 2013’s Volvo Concept Coupe