Top News:
- Bentley picks former JLR strategy boss as next CEO – Reuters: British luxury carmaker Bentley Motors has hired Adrian Hallmark, former head of strategy at British rival Jaguar Land Rover to become its new chief executive, it said.
- Uber opens up Paris travel database to help city planners – Reuters: Uber [UBER.UL] said on Friday it would open up its trove of travel data in Paris to the public to help city officials and urban planners better understand transportation needs, as the company seeks to woo national authorities.
- It’s Back to the Future for Stainless Steel Cars. Sort of – Bloomberg: Nickel prices will be the big winner from the electric vehicle revolution as and when millions of drivers switch away from internal combustion engines, Bank of America Merrill Lynch wrote this month. The bank expects global electric vehicle sales of 13 …
- Canada, a Leader in AI, Is Now Taking Aim at Driverless Cars – Bloomberg: … rival lidar, meaning a driverless car can more precisely maintain awareness of nearby…
- The Great Billionaire Ride-Hailing Swap – Bloomberg: Alphabet’s Waymo and other autonomous vehicle tech companies will help deploy a fleet of “taxibots” and “vanbots” and “existing ride-sharing…
- Customs took his truck without charging him with a crime. Two years later, he’s finally getting it back. – Washington Post: In September 2015, Customs officers seized the pickup truck belonging to Gerardo Serrano after they found the bullets when he attempted to cross the…
- Volvo shares hit record as earnings top forecasts on surging truck demand – Reuters: Sweden’s AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain, sending its shares to a record high.
- Ride hailing firm Grab secures up to $700 million in debt facilities – Reuters: Singapore-headquartered Grab, the main Southeast Asian rival of Uber Technologies Inc, said on Friday it had secured debt facilities of up to $700 million to help expand its car rental programme.
- Hong Kong shares rebound to post narrow weekly gain – Nikkei: Geely Automobile Holdings, the guage’s best performer so far in 2017, was among the biggest decliners, falling 2.4%. Ping An rose 3.8%, China Life…
- Bentley names JLR exec Hallmark as CEO in boardroom reshuffle – Automotive News: Bentley said Jaguar Land Rover’s head of global strategy, Adrian Hallmark, will become the brand’s CEO as part of a reshuffle that also…
- Tesla-Like Software Updates Put Dealers’ Profit Center at Risk – Bloomberg: After a Model S driver died driving his car under a semi trailer that was crossing a Florida highway last year, Musk pushed out updates to Tesla’s Autopilot system so that it relied more on radar sensors and tweaked the automatic-steering software so …
- Nissan overhauls inspection process to address standards scandal – FT: Nissan will overhaul the inspection process for its Japan-destined vehicles for the first time in decades as the carmaker seeks to address a widening…
- Daimler profits drop as industry faces tough times – FT: Profits at Daimler fell 17 per cent in the third quarter as the German … The parent of Mercedes-Benz posted record unit sales and revenue in the…
- Daimler Earnings Hit as Diesel Scandal Lingers – WSJ: BERLIN- Daimler AG DMLRY -0.09% on Friday reported a sharp fall in quarterly profit, as its flagship premium car brand Mercedes-Benz was…
- South Korea’s Ssangyong Motor reconsiders China joint venture due to political row – Reuters: South Korea’s Ssangyong Motor Co Ltd (003620. … and other ways to make cars in China, a Ssangyong spokesman told .
- Hallmark to replace Durheimer as Bentley boss – Autocar:
- Opinion: How Durheimer helped fuel Bentley’s growth – Autocar: The British firm’s new boss will have a tough task living up to his predecessor
- Ericsson, Volvo propel European stocks as Spain lags – Reuters: * U.S. tax reform progress lifts banks, risky sectors (Recasts, adds quotes and detail, updates prices)
- Daimler Profit Falls as Mercedes Stumbles on Diesel Costs – Bloomberg: Daimler, stuck to its expectation of “significantly” boosting group earnings, revenue and vehicle deliveries for the year. Through the first nine months of…
- Renault names new CEO for S. Korea operations – Yonhap: French carmaker Renault S.A. has named a finance expert as the chief executive of its South Korean operations, the…
- China’s Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom – Reuters: UL], China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, …
- Australia Mourns the End of Its Car Manufacturing Industry – New York Times: Former Holden employees sit on the back of their Holden Ute outside the company’s plant in Elizabeth, South Australia, on Friday as fans of the…
- US auto reliability dented by new technology; electric cars fare better: report – Reuters: U.S. auto reliability dented by new technology; electric cars fare better: report … The Bolt is the most reliable car in General Motors Co’s (GM.
- Infiniti appoints French exec Meunier as global sales chief – Automotive News: Nissan’s luxury brand Infiniti has appointed Christian Meunier to the newly created role of head of global marketing and sales. Meunier, the head of…
- Opinion: Why Volkswagen’s Pikes Peak entry is an inspired move – Autocar: The 12.42-mile course rises to more than 14,000ft The hillclimb event allows electric cars to take on combustion-engined rivals on a level playing field (even if the course is anything but)
- Breakingviews – Daimler’s reform drive lacks horsepower – Reuters: If Daimler’s cars were as slow as its restructuring, the company would have few customers. The Mercedes-Benz …
- Truckmaker Volvo lifts market outlook as profit beats forecasts – Reuters: Sweden’s AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain.
- TomTom’s sales fall as services fail to offset satnav drop – Reuters: Dutch satellite navigation and digital mapping company … to car makers, fleet management systems and technology for self-driving cars, as …
- Kobe Steel crisis deepens as plant inspected for breach of industrial law – Reuters: One of Kobe Steel Ltd’s copper plants was being … engine valve springs found in half the world’s cars, according to its website.V
- Australian car manufacturing ends as GM Holden closes plant – Reuters: Australia’s near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.
- Tesla’s Model 3 gets an ‘average’ as new tech dents auto reliability: Consumer Reports – Reuters: Tesla’s Model 3 gets an ‘average’ as new tech dents auto reliability: … a wonky engine, a jerky transmission, or high-tech features that fail outright.
- Daimler third-quarter profit falls on diesel costs, special items – Reuters: Daimler’s third-quarter operating profit declined, as the cost of making diesel engine cars run cleaner and other special items outweighed record sales of Mercedes-Benz luxury models.
- Volvo lifts market outlook as profit, order intake shine in third-quarter – Reuters: Sweden’s AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday, as a broad upturn in demand for heavy trucks more than offset costs stemming from a strained supply chain.
- Nissan’s inappropriate inspections started at least 20 years ago – NHK – Reuters: Inappropriate inspection practices at Nissan Motor Co Ltd had been going for at least 20 years, Japanese national broadcaster NHK reported on Friday, in a new revelation that could further roil Japan’s second-biggest automaker.
- Daimler Q3 profit falls on car recall – FT: Daimler profits fell in the third quarter, owing to a car recall, upgrades for … The parent of Mercedes-Benz reported €3.46bn in operating earnings,…
- Truckmaker Volvo third-quarter core profit beats forecast – Reuters: Swedish truckmaker AB Volvo (VOLVb.ST) reported a bigger than expected rise in third-quarter core earnings on Friday on …
- China’s Chongqing Changan to stop selling combustion-engine cars from 2025 – Reuters: China’s Chongqing Changan Automobile on Thursday said it would stop selling combustion-engine cars, starting 2025, and …..
- China party congress draws attention to materials, electric vehicles – Nikkei: Delegates at the 19th National Congress of the Communist Party of China on Oct. 18 in Beijing. (Photo by Akira Kodaka). HONG KONG — The Chinese…
- Czech lithium mine to help fuel Europe’s car battery demand – FT: Global demand for lithium is on the rise as car manufacturers ratchet up their interest in electric vehicles – for whose batteries lithium carbonate is…
- Honda adds sales and service centers in Malaysia – Nikkei: Honda’s 3S Center in the city of Klang, Selangor.The Japanese automaker is strengthening its maintenance and other services in Malaysia, where its…
- Slovakia’s car plant success sparks a labour shortage – FT: Next year, Jaguar Land Rover will join a bevy of international manufacturers – including VW, Peugeot Citroën owner PSA, and Kia – making cars in…
- New car charging stations to ‘unlock’ Aust – Yahoo: With Australia lagging behind the rest of the rest of the world in getting onboard with electric vehicles, it is hoped 40 new recharging points across…
- Nissan still looking into how long misconduct went on: minister – Reuters: Nissan Motor Co’s internal investigation into inappropriate vehicle inspections is ongoing and it is still unclear how long the …
- Skoda US plans put on hold – Autocar: Skoda’s entry the to the US has been delayed after taking the lead for a low-cost car project in India
- Nissan’s Shutdown Is a Fender-Bender for Japan’s Industrial Output – Bloomberg: Nissan said Thursday it would halt output for about two weeks at six plants that produce an average of 1,000 vehicles a day for the Japanese market.
- Holden: a look back at seven decades of making Australia’s own car – video – Guardian: The company’s last car will roll off the production line today, signalling the end of car manufacturing in Australia and the death of an Australian cultural…
- Australian car-making ends with last GM plant closing – Freep: CANBERRA, Australia – The last mass-produced car designed and built in Australia rolled off General Motors Co.’s production line in the industrial…
- BRIEF-Baidu signs strategic partnership agreements with Baic Group and King Long – Reuters: * Baidu signs strategic partnership agreements with Baic Group and King Long to accelerate autonomous driving
- Nissan dips 2% after suspending production in Japan – FT: Shares in Nissan Motor dropped as much as 2.3 per cent on Friday after the Japanese automaker said it would suspend domestic production in the…
- Broken Illinois, Exhibit A: First Foxconn, now Toyota-Mazda … – Chicago Tribune: Toyota Motor Corp. President Akio Toyoda, left, and Mazda Motor Corporation President and CEO Masamichi Kogai attend a news conference in…
- New Tesla lawsuit accuses company of LGBT discrimination – Yahoo: Tesla has just been hit with its second discrimination lawsuit in as many days. Just yesterday, the company was sued for racial harassment in its factories. A few months back, its diversity panel uncovered a slew of sexism. Now The reports …