Top News:
- GM shares rise on earnings beat, forecast – Reuters: General Motors Co posted a stronger than expected pre-tax profit for the third quarter before charges related to the sale of its European operations, and shares jumped as GM reaffirmed its full-year earnings outlook and a promise to slash stocks of unsold vehicles.
- Strong North America margins boost Fiat Chrysler’s third quarter profit – Reuters: Fiat Chrysler Automobiles (FCA) reported a 17 percent jump in third-quarter adjusted operating profit on Tuesday, helped by a strong performance in its key North American market and improving operations in Europe and Latin America.
- General Motors earnings beat Wall Street expectations on strong crossover and China sales – CNBC: General Motors third-quarter earnings beat analysts’ expectations on … GM’s sales results were led by a 25 percent increase in crossover sales, GM’s…
- BRIEF-Expect production in Q4 to be up versus Q3 – GM CFO on – Reuters: * General Motors CFO Chuck Stevens on says expect production in Q4 to be up versus Q3
- New Mercedes-Benz S-Class Coupe range priced from £104,115 – Autocar: Pricing for coupe, convertible and AMG models revealed; UK deliveries kick-off early 2018
- Fiat Chrysler shares pop 3% after third-quarter earnings report – CNBC: Fiat Chrysler reported a better-than-expected increase in net profit when the company reported its third-quarter earnings before the bell Friday. Shares…
- Fiat Chrysler posts $1.1 billion in Q3 net income – Automotive News: Fiat Chrysler Automobiles on Tuesday reported a 50 percent jump in third-quarter net profit, along with lower debt. The world’s…
- General Motors Posts a Loss From Asset Sale, but Shares Rise – New York Times: General Motors, the nation’s largest automaker, reported a third-quarter loss of $3 billion on … G.M. has the highest valuation of American automakers.
- FCA posts record 3Q, higher profit, margins – Detroitnews: FCA’s net profit is largely driven by the luxury brand Maserati’s performance and global sales growth
- GM Blunts Impact of Production Plunge With SUV Shift, Cost Cuts – Bloomberg: Wall Street has grown more optimistic that GM’s test fleet of self-driving electric cars can be converted into a lucrative robotaxi operation worth billions.
- GM swings to third-quarter loss on charges from European unit sale – Reuters: No. 1 U.S. automaker General Motors Co posted a quarterly net loss on Tuesday caused by charges related to the sale of its Opel unit in Europe to France’s PSA Group , but excluding the charges the results beat analysts’ expectations.
- Fiat Chrysler shares rise as third-quarter net profit, debt beat forecasts – Reuters: Fiat Chrysler Automobiles (FCA) on Tuesday reported a higher-than-expected 50 percent jump in third-quarter net profit and lower debt than forecast by analysts, pushing is shares up 3 percent.
- The Bottom Line on Electric Cars: They’re Cheaper To Own – Forbes: The price of electric vehicles is coming down, but they still look expensive compared with many gasoline-powered cars. That comparison, though, is misleading. Once you figure in the cost of ownership, especially maintenance and fuel, electric vehicles …
- GM Blunts Impact of Production Cuts With SUVs Now, Tech Tomorrow – Bloomberg: The automaker has been reducing output at passenger car plants as sales … Even a sport utility vehicle plant in Tennessee will be cutting jobs next…
- General Motors profits top estimates despite sharp production slowdown – FT: … share well ahead of market expectations after adjusting for a $2.3bn non-cash charge relating to the sale of its loss-making Opel division in March.
- GM Posts Loss of Nearly $3 Billion – WSJ: General Motors Co. GM -1.01% on Tuesday posted a net loss of nearly $3 billion in the third quarter compared a net profit of $2.8 billion a year ago,…
- Fiat Chrysler earns $1.07B in record 3rd quarter – Freep: Fiat Chrysler Automobiles is reporting another good quarter. The Italian-American automaker reported earnings of $1.07 billion (910 million euro) in…
- BRIEF-Asbury Automotive Group reported net income for third quarter of $1.48 per share – Reuters: reported net income for third quarter 2017 of $1.48 per diluted share – SEC filing??
- Auto industry tells Trump ‘We’re winning with NAFTA’ – Reuters: Major automakers, suppliers and auto dealers are launching a new coalition on Tuesday to urge U.S. President Donald …
- GM loses $3B in third quarter on Opel-Vauxhall sale – Detroitnews: The company’s continuing segments around the world were all profitable for the first time since 2014
- Nissan’s big vision: Rolling Titan into global markets – Automotive News: Offering the Nissan Titan in global markets would challenge the longstanding industry wisdom that full-size pickups are too big and powerful for the…
- General Motors earnings down 10.7%, but better than expected in 3rd quarter – Freep: General Motors earned $2.5 billion before taxes in the third-quarter, down … The bulk of GM’s third-quarter profit once again came in North America,…
- Toyota Supra to be launched in 2019 under Gazoo performance brand – Autocar: Insiders report the new Supra will launch in 2019 as the halo product of its Gazoo performance division
- Auto Industry Campaign Aims to Steer Trump Away From Quitting Nafta – Bloomberg: Five groups representing automakers in the U.S. and around the world, along with suppliers and car dealers, have joined forces in a campaign to try to…
- Dany Bahar-led Ares coachbuilder reveals G-Class and Bentley Mulsanne-based models – Autocar: The 18,000-square-metre Modena facility will handle future orders; the X-Raid and Mulsanne coupe are just two current projects
- Elon Musk slaps down talk of A.I. ‘gods’: Some people ‘should absolutely not’ make superintelligence – CNBC: Musk is known to be vocal on the subject of artificial intelligence.
- Tesla Calls on US to Drop Perry’s Plan to Rescue Nukes, Coal – Bloomberg: Elon Musk’s Tesla Inc. waded into an intensifying debate on Monday over whether U.S. coal and nuclear power plants should be paid for their ability to supply around-the-clock power. U.S. Energy Secretary Rick Perry laid out a plan last month to create…
- Mitsubishi to launch 11 models by 2020 in ‘V-shaped’ financial recovery – Autocar: Mitsubishi is the maker of one of the world’s best selling PHEVs, the Outlander Closer integration with Renault and Nissan will reduce production costs
- Dismantling of NAFTA would prompt S&P to revisit Mexico rating – Reuters: S&P Global Ratings would reassess Mexico’s … FILE PHOTO – Cars and containers are seen in the port of Lazaro Cardenas …
- Toyota TJ Cruiser concept hints at potential new rugged lifestyle SUV – Autocar:
- Lyft gains on Uber as ride-sharing runs past taxis in New York City – CNBC: The shift from taxis to ride-sharing companies may have hit a tipping point in New York, while Lyft continues to grow.
- Suzuki bets on hybrids in India as world goes electric – Nikkei: As automakers across the globe race to put fully electric vehicles on the road, Suzuki Motor is traveling a different route in the crucial Indian…
- confidential: Nissan welcomes Dyson, no Alfa Stelvio coupe, big engines are better – Autocar: Our reporters empty their notebooks to round up this week’s gossip from across the automotive industry
- Toyota’s S-Class rival showcases next-gen hydrogen technology – Autocar: Toyota Fine-Comfort Ride shows how a zero-emissions luxury car of the future could look Toyota Fine-Comfort Ride shows how a zero-emissions luxury car of 2025 could look
- BMW ready to make an AMG Project One rival – Autocar: The BMW i Vision concept previews the brand’s future design direction Once the go-ahead is given, the project can commence, according to BMW vice-president Dirk Hacker
- Arianna Huffington on the Culture at Uber – WSJ: She says the company could have been as successful without the ‘brilliant jerks.’
- GM’s Strategy for the Autonomous Car – WSJ: Dan Ammann is helping chart General Motors Co. … about the company’s strategy of developing the whole autonomous-car ecosystem and whether…
- Howes: Self-driving car hype outruns market, rule-maker – Detroitnews: Jason Levine, the new head of the Center for Auto Safety, has a thought on the autonomous car exuberance driving the auto industry and would-be…
- Carmakers hedge bets with electric vehicles – Detroitnews: Automakers are moving aggressively to develop electric cars as governments in key markets in China, India, Europe – even California – consider…
- Feast your eyes on the Aston Martin Zagato Shooting Brake – Autocar:
- Panasonic: Tesla Continues to Drive Growth – Barrons: Panasonic Corp. lithium-ion batteries manufactured for Tesla Motors Inc. Model S electric vehicles. Illustration: Photographer: Tomohiro Ohsumi/…
- Edmunds: Tesla fastest on driverless safety features – Detroitnews: Volvo, Honda also in Edmunds’ Top 3 on deployment speed
- Subsidies help China sell the most electric cars – FT: Few countries have done more than China to push towards an electric … E100, an EV priced at about $5,000, with its longtime partner SAIC Motor.
- China’s carmakers: too many are too small to be viable – FT: “There are many Sinogolds sprouting up in cities across China,” says … of 2017, while the SAIC-GM joint venture made 1.17m, according to Bernstein.
- Japan is betting future cars will use hydrogen fuel cells – FT: in an interview last year. “Everyone is saying electric vehicles [are the future] but there is still a long way to go. EVs are …
- US, Calif. regulators approve fix for VW 3.0-liter diesels – Automotive News: The company is still awaiting approval for fixes for 3.0-liter diesel cars. … The EPA posted the letter publicly after disclosed the approval earlier…
- London smog tax means older cars can face $27 per drive – Reuters: Levied on vehicles typically registered before 2006, the new fee takes effect immediately. Mayor Sadik Khan telling the measure may be the …