Top News:
- Maruti Suzuki says will have to move to electric cars – Reuters: Maruti Suzuki India, the country’s biggest carmaker, said on Friday it planned to build electric cars as the government strives to …
- Volkswagen lifts profit target as cost cuts pay off, shares at eight-month high – Reuters: Volkswagen lifted its profit target for the year on Friday after cost cuts at its core autos division helped it outstrip third-quarter earnings forecasts.
- U.S. probes Ford Fusion cars for potential detached steering wheels – Reuters: The U.S. National Highway Traffic Safety Administration said Friday it is opening a preliminary investigation into 841,000 Ford Motor Co cars over concerns steering wheels could detach while driving.
- Musk’s Plant Makeover Even More of a Long Shot as Model 3 Lags – Bloomberg: But the problems Tesla is having building as many Model 3s as planned may be a different story. Much of the optimism that’s fueled a 53 percent surge in the company’s shares this year is linked to investors expecting a rapid ramp up in output of Tesla …
- Self-driving startups race down a narrowing road – Reuters: Lei Xu and Justin Song once worked at electric carmaker Tesla Inc , one of the hottest companies in Silicon Valley. But with interest and investments in autonomous vehicles mounting, they left to pursue what they see as the next big thing.
- Wall Street loves electric cars, America loves trucks – Reuters: Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc , but Americans love big, fuel-thirsty trucks like Ford Motor Co’s bestselling F-Series pickups and are paying ever higher prices to buy them.
- Unit of Austria’s Voestalpine seeks year-long cobalt deal in race for supply – Reuters: ) – Austrian specialty steel firm Boehler wants to buy cobalt in a year-long contract rather than buying monthly, two industry sources said on Friday, as rising demand from electric car makers has complicated its normal purchase …
- Lotus SUV design revealed in patent diagrams – Autocar:
- German court rejects Deutsche See?’s suit against VW – Reuters: A German court has rejected a complaint against Volkswagen brought by fish distributor Deutsche See which has sued the carmaker over its diesel-test cheating.
- Volkswagen Wows Investors With Latest Profit Report, And Strong Outlook – Forbes: Volkswagen’s earnings rose strongly in the third quarter and investors welcomed the news, suggesting the company had finally turned the corner after…
- RPT-Six self-driving unicorns top $1 billion in valuation – Reuters: In a crowded field of more than 240 startups in self-driving cars, six companies — four of them in Silicon Valley — have achieved unicorn status, with valuations of $1 billion or more, according to industry estimates and publicly available data. Here’s a closer look:
- Subaru admits improper checks on Japan cars, expects recalls – Reuters: Subaru Corp on Friday said it had failed to follow proper inspection procedures for vehicles for the domestic market, an issue likely to result in a product recall and adding to a list of compliance problems at Japanese companies.
- Honda Civic Type R – Autocar: Honda’s hottest hatch yet is quick on a track but just how well rounded is the new Civic Type R? Honda says there has never been a Type R quite like the subject of this road test: the fifth-generation Civic Type R, which might be a little more helpfully classified as the performance version of the 10th-generation Civic hatchback, itself introduced earlier this year.In this, the 25th anniversary of the introduction of the original Japanese-market NSX Type R, Honda has introduced a customary red-
- Tokyo motor show 2017 – our star cars – Autocar: Jim Holder: Okay, so officially it’s not previewing the next WRX, but in reality we all know it is. And, yes, the looks owe an awful lot to what’s gone before, but who’s to knock flared wheel arches and a bonnet scoop? Subaru’s WRX icon may have become a millstone round its neck in some regards, but with looks this good the next one might just be a corker. The cars have been revealed, the news has been reported, but which Tokyo motor show cars tickled staffers’ fancy?
- Countries urge EU to cut cars’ CO2 emissions by more than planned – Reuters: Seven EU nations called on the European Commission this week to set stricter limits on tailpipe carbon emissions, in last ditch …
- Mazda3 vs Hyundai i30 – In Limited Company – Autocar: Mazda has persevered with normally aspirated engines, quietly fettling them and it shows here. The auto performs almost as well as the manual…
- Ford F-150 pickup survives wildfire that destroyed everything around it – Freep: The one thing they did know was that their 10-year-old Ford F-150 pickup would be … Dave bundled Otto into his work truck, a 2006 Ford Ranger.
- 2019 Mercedes-AMG A45 ‘Predator’ to produce more than 400bhp – Autocar: Second-generation A45 will be a significantly more aggressive mega-hatch with a harder track mode and more power than the Audi RS3
- An African Leader’s Son Shows to Buy (and Lose) a Bugatti – Bloomberg: The son of Equatorial Guinea’s president was found guilty by the Paris criminal court of using ill-gotten gains to buy millions of euros worth of assets…
- Volkswagen Net Profit Falls Sharply on Diesel Charges – WSJ: Volkswagen reported a steep drop in third-quarter earnings Friday, as Europe’s biggest car maker grapples with the mounting costs of its diesel emissions scandal.
- Uber Hires U.K. Chairman Amid Fight for London License – WSJ: Uber has appointed a U.K. banking veteran as chairman of its British operations, bolstering its governance as the ride-hailing firm appeals a decision by London’s top transportation regulator to revoke its operating license
- Volvo Q3 profit rises 78% on China, US growth – Automotive News: Under Chinese ownership since being bought by Zhejiang Geely Holding Group from Ford Motor in 2010, Volvo has begun taking on larger rivals…
- Uber Hires Ex-Adviser to Bank of England as New UK Chair – Bloomberg: … U.K. The world’s largest startup is appealing a London regulator’s decision to revoke the car service’s license, and is seeking more settlement talks.
- Opinion: Classic cars are the stars at Volkswagen’s theme park – Autocar: The Zeithaus design museum is, to car enthusiasts, the star attraction at Autostadt A visit to Autostadt is billed as a ‘journey into the world of mobility’ – but what exactly does that mean?
- Moonshot Cuts Are Turning Alphabet Back Into Internet Business – Bloomberg: Waymo self-driving cars are testing in Detroit. … its internet advertising business almost a decade ago when the self-driving car project launched.
- Uber appoints banking executive as first UK chairman – Reuters: Uber appointed Laurel Powers-Freeling, who has held a series of banking roles, as its first UK chairman just as it battles to retain its operating license in London, its most important European market.
- Maruti Suzuki second-quarter profit beats estimates, higher sales aid – Reuters: Maruti Suzuki India Ltd, the country’s top-selling car maker, posted a more than 3 percent rise in quarterly profit, beating estimates, helped by higher sales in its compact and utility vehicles segments.
- Subaru says improper inspections conducted for over 30 years – Reuters: Subaru Corp said on Friday it had failed to follow proper inspection procedures for vehicles destined for the domestic market for more than 30 years, adding to a list of compliance problems at Japanese companies.
- Volkswagen lifts profit target as delivers on cost cuts – Reuters: Volkswagen lifted its profit target for the year on Friday after cost cuts at its core autos division helped it outstrip third quarter earnings forecasts.
- Maruti Suzuki second-quarter profit rises 3 percent, beats estimates – Reuters: Maruti Suzuki India Ltd, the country’s top-selling car maker, posted more than a 3 percent rise in its quarterly profit, beating analysts’ estimates.
- Volkswagen lifts profit guidance after forecast-beating third quarter – Reuters: Volkswagen lifted its profit guidance for this year after posting forecast-beating group earnings in the third quarter, benefitting from cost cuts at its core autos division.
- Automakers Build War Chests to Finance a Self-Driving Future – New York Times: Robust sales of Ford’s F-series pickups helped the company post a $1.6 billion profit for the third quarter, a 63 percent increase over the same period a…
- Special delivery: Automakers make plug for electric vans – Reuters: In the rush toward electric vehicles, automakers are increasingly sparing a thought for the humble delivery van, an often …
- First Tesla Michigan store opens at Somerset mall – Detroitnews: Unlike Apple, however, Tesla employees will not be able to sell or take orders for the cars on display. By Michigan law automakers cannot sell directly…
- Tesla opens its first gallery in Michigan, near Apple at Somerset Collection in Troy – Freep: Michigan shoppers heading to the popular Apple Store in Troy for an iPhone 8 will notice a hot new neighbor:Tesla Motors. The Silicon Valley electric…
- VW Lifts 2017 Profit Target as SUV Expansion Boosts Sales – Bloomberg: Volkswagen AG lifted its 2017 earnings forecast on robust demand for the German automaker’s vehicles like the Tiguan SUV even as the rising costs…
- SUVs Come to the Rescue for VW – Bloomberg: The complications amount to additional expenses of about 5,000 euros per car. Even as Volkswagen still faces numerous investigations and lawsuits…
- Daily Briefing: ECB and earnings fire up stocks – Reuters: On Friday, financials UBS and RBS both reported Q3 profits ahead of expectations, while Linde’s bottom line also beat forecasts. Geely’s Volvo cars …
- BMW taps wind power, old batteries to make car production greener – Automotive News: BMW Group is tapping its own wind turbines and recycled batteries to power machines that make cars such as its i3 EV, adding a new…
- Volkswagen lifts profit margin targets as Q3 results beat expectations – FT: VW Group, which operates Audi, Porsche and 10 other brands, said total revenue last quarter was €55bn, matching forecasts and up 5.8 per cent from…
- Facebook’s Marketplace Partners With Auto Dealers To Boost Used Car Sales – Forbes: is making a push to expand the sale of used cars on its e-commerce tab, Marketplace. The company announced on Thursday that it is partnering with…
- Hyundai Steel Q3 net dips 40 pct on high costs, low FX gains – Yonhap: Hyundai Steel Co., South Korea’s second-largest steelmaker by sales, said Friday its third-quarter net profit plunged 40…
- We’ll All Be Relying on Congo to Power Our Electric Cars – Bloomberg: Most major automakers are pledging to build millions of electric vehicles as the world’s governments crack down on climate-damaging emissions from…
- Brexit Batters Ford Europe as Tumult Sidelines UK Car Buyers – Bloomberg: Ford operates two engine plants and one transmission factory in the U.K, where industywide car sales have slid each of the last six months.
- Hastings Q3 premium income up 25% on car insurance price growth – FT: Higher prices for car insurance have helped insurer Hastings to report a 25 per cent increase in premium income for the third quarter of the year.
- Tesla cuts Model 3 part orders to Taiwan supplier Hota: report – Reuters: Luxury electric carmaker Tesla plans to slash by 40 percent its orders for parts for the new Model 3 mass-market sedan from Taiwanese auto component maker Hota Industrial Mfg. Co from December, according to a media report.
- Suzuki charging ahead with luxury repair shops in India – Nikkei: Suzuki Motor plans to open 300 new Indian service centers geared to wealthier car owners by 2020 to help encourage sales on the high…
- Geely’s Volvo Cars posts 78 percent profit rise in third quarter – Reuters: Geely-owned Volvo Car Group reported a 78 percent rise in third-quarter operating earnings on Friday and said it saw …
- Subaru investigates its own inspections after Nissan scandal – Washington Post: The government ordered automakers to check their inspection procedures after Nissan Motor Co. apologized for allowing unauthorized employees to…
- Hyundai E&C Q3 net falls 21 pct on FX losses – Yonhap: Hyundai Engineering & Construction Co., South Korea’s largest builder by sales, said Friday its third-quarter net profit fell…
- Kobe Steel — quality trap – Nikkei: As well as Kobe Steel, Nissan and Asahi Chemical, it has emerged that Mitsubishi Motors faked vehicle fuel efficiency data and Toyo Rubber, cheated…
- How a Trump Idea on Cars and Nafta Could Backfire: QuickTake Q&A – Bloomberg: How a Trump Idea on Cars and Nafta Could Backfire: QuickTake Q&A …. A News article on the auto sector and Nafta talks, and another on…
- Comment: Meditation proves how dangerous autonomous cars can be – Autocar: Being forced to ‘switch on’ your brain in a matter of seconds is dangerous, especially on the motorway
- BRIEF-Nissan said to have conducted faulty inspections since 1979 – Reuters: * Nissan said to have conducted faulty inspections since 1979 – citing source Source text – https://bloom.bg/2yR22K4 Further company coverage: (Bengaluru Newsroom)
- Nissan Has Conducted Unauthorized Vehicle Checks Since 1979 – Bloomberg: Nissan Motor Co. had been conducting its current inspection process for vehicles sold in Japan — deemed faulty by the government last month — since…
- Aston Martin Lagonda set to break the three-box mould – Autocar: Lagonda badge name was revived with the limited-edition Taraf Andy Palmer, CEO, says he wants to break the duopoly between Rolls Royce and Bentley with future Lagonda models
- We’re Not Feeling the Love for Robot Cars – Bloomberg: Toyota Motor Corp. envisions its new artificially intelligent cars will know you so well that you’ll love them, and they’ll love you back. It’s a strange…
- Subaru was lax on final inspection rules for Japan cars: sources – Reuters: Subaru Corp failed to follow proper inspection procedures for vehicles destined for the domestic market at a factory in Japan, two people with knowledge of the matter said on Friday.
- Got ideas for electric vehicle charging projects in Michigan? – Freep: … range anxiety, the fear drivers may run out of juice before getting to their destination in an EV. Most people who have plug-in electric vehicles charge at home. … Debate over charging stations slows electric car growth in Michigan.
- Subaru Let Uncertified Workers Inspect Cars, Source Says – Bloomberg: Subaru Corp. allowed uncertified workers to inspect vehicles before shipment, according to a person with direct knowledge of the matter, the latest…
- Wynn’s New Vegas Resort to Feature Bumper Cars With Fake Cops – Bloomberg: Paradise Park, as the project is called, will feature LED-lit bumper cars that make crashing sounds and are chased around an oval by fake police…
- Aston Martin tease new model with full-width rear light – Autocar: Aston Martin are readying a new model for a November release. … muscular Aston styling, featuring strong wheel arches and an aggressive rear end.