Top News:
- Tesla Buys Automated Machine Maker Amid Production Problems – Bloomberg: Perbix has been a supplier to the automaker led by Elon Musk for almost three years, according to a Tesla spokesman, who declined to disclose the terms of the deal. James Dudley, Perbix’s president, will receive about $10.5 million in Tesla stock
- Online car buying services: which brands have one? – Autocar: More and more car manufacturers are taking sales online; find out which brands will let you buy via the internet here
- Mitsubishi Motors swings to operating profit in second quarter – Reuters: Mitsubishi Motors Corp (7211.T) said on Tuesday it swung to an operating profit for the second quarter, beating expectations as it …
- BMW Shares Hit After Profit Falls, Margins Lag Audi, Mercedes – Forbes: Ian Robertson, Member of the Board of Management of BMW AG reveals the 2018 BMW 5-Series at the 2017 North American International Auto Show…
- Toyota forecasts tough outlook for US sales, yen boost to overall profit – Reuters: FILE PHOTO: The logo of Toyota Motor Corp. is seen on a company’s Corolla car in Caracas, Venezuela October 25, 2017. REUTERS/Marco …
- BMW Continues Drive to Win Premium Car Market Race – WSJ: BERLIN-German luxury car maker BMW AG BMW -2.03% raised its full-year earnings outlook Tuesday, despite stagnant revenue and a drop in…
- Tesla Learned About Dyson’s Secret Car Plans Two Years Early – Bloomberg: “I felt a little uncomfortable about being involved in that project, as I knew I would be involved with electric vehicles at Tesla,” Pellerey later told the…
- Ford Mustang expands global reach in China and Australia, and now Brazil – Freep: The Ford Mustang, after more than 50 years as a top-selling sports car in the United States, hopes to reach global domination with the help of Chinese…
- Hurricanes Blow Through US Economy: Cars, Drugs, Phones, Food – Bloomberg: Hurricane Harvey flooded Houston. Irma blew all around Florida. Then Maria devastated Puerto Rico. In addition to the dozens killed by the storms…
- BMW probe into cartel allegations needs more time: CEO – Reuters: BMW (BMWG.DE) has hired a law firm to help with an internal investigation of an alleged cartel among German carmakers and …
- Tencent pulls Hang Seng close to 10-year high – Nikkei: Geely Automobile Holdings jumped 5.7% after reporting a 30% increase in its October sales. Tencent climbed 3.7% to HK$391 on the eve of the…
- Tesla-Partner Tencent Plans Its Own Driverless Technology – Bloomberg: While it bought about 5 percent of Tesla Inc. in March and is a big backer of ride-sharing giant Didi Chuxing and mapmaker NavInfo Co., few expected the gaming and social media company to come up with its own self-driving technology. That would pit it…
- Renault reveals autonomous obstacle avoidance technology – Autocar: System can avoid obstacles in the road and brings fully autonomous vehicles one step closer
- Tata Motors Cuts Debt Costs With First Offshore Loan in 2 Years – Bloomberg: India’s Tata Motors Ltd., owner of luxury car brand Jaguar Land Rover, is raising funds from the international syndicated loan markets after a gap of…
- Germany’s BMW sees Q3 earnings slip on higher investments – Washington Post: BERLIN – German automaker BMW AG says its third-quarter earnings were 1.8 percent lower than a year earlier as a result of increased costs for…
- Trump’s Lesson for Toyota – Bloomberg: U.S. President Donald Trump may have stumbled onto a useful home truth in his criticism of Japan’s car industry. “Try building your cars in the United…
- Trump Might Have the Right Prescription for Toyota: Gadfly – Washington Post: Toyota’s second-quarter results Tuesday provide a vivid illustration of this. Operating income from North America fell by 79 billion yen ($692 million) to…
- BMW loses ground to Mercedes as Q3 earnings fall on investment costs – Automotive News: BMW’s third-quarter profits were hit investments in new technologies and new models. Third-quarter pretax profit declined 5.9 percent to…
- BMW Raises Pretax Profit Guidance Despite Third-Quarter Earnings Drop – New York Times: BERLIN – BMW slightly raised its profit outlook counting on demand for new models and cuts in development spending even as third-quarter…
- Motoring lessons from the seat of a 117-year-old car – Autocar: John Worth’s lovingly restored Daimler Type A Tonneau on the 2017 London to Brighton Veteran Car Run We go from London to Brighton in a Daimler Type A Tonneau
- Nissan gives inaccurate explanation to transport ministry – Nikkei: Japan’s transport minister told a press conference Tuesday that Nissan Motor had dealt inappropriately with the ministry’s…
- Weaker Yen Helps Drive Toyota Profit Higher – WSJ: TOKYO- Toyota Motor Corp. TM 0.01% said its fiscal second-quarter net profit rose 17% from a year earlier, as the as the benefits from a weaker yen…
- Toyota turns bullish, now expects profit increase for fiscal 2017 – Nikkei: Toyota Motor on Tuesday said it expects a 6% profit increase for the year ending March, reversing an earlier forecast of a 4% decline.
- Toyota Lifts Annual Profit Forecast on Yen but Key Markets See Sales Pressure – New York Times: TOKYO – Toyota Motor Corp upgraded its forecast for full-year operating profit by 8.1 percent as it expects a weaker yen to boost its bottom line even…
- BMW Defies Weak Quarter With Stronger Forecast for 2017 Earnings – Bloomberg: Adding to the struggles, the European Union is proceeding with a preliminary probe into allegations that VW, Mercedes parent Daimler AG and BMW…
- BMW Loses Ground to Mercedes as Auto Profitability Narrows – Bloomberg: Once the biggest maker of luxury cars, BMW is struggling to regain … 2025 in a race with Mercedes’s 10 billion-euro ($11.6 billion) electric-car push.
- BMW Strengthens 2017 Earnings Forecast on Record Car Sales – Bloomberg: BMW is adding upscale models like the 8-Series coupe and full-size X7 sport utility vehicle to regain momentum in its tussle with Mercedes-Benz for…
- Tesla’s Dangerous Sprint Into the Future – New York Times: I hopped into a Chevy Suburban at the Gigafactory with several Tesla ….. “After five years, Tesla will become the Apple in the industry,” he predicted,…
- BMW raises full-year forecast despite lower Q3 profit – FT: Profits at BMW fell in the third quarter as the Munich-based luxury carmaker invests in technology to maintain a leading edge as vehicles become…
- What the Car Did – And What It Might Do – New York Times: In the past five years, the headlong push toward self-driving technology has swept up not just Google’s tech rivals (chief among them Uber, with which…
- Toyota upgrades full-year net profit forecast – Yahoo: Japanese car giant Toyota Tuesday logged a jump in its first-half net profits and revised up its bottom-line forecast for the whole year, citing a cheaper…
- Toyota Lifts Profit Forecast on Surging RAV4 Sales – Bloomberg: While Toyota joined Honda Motor Co. in raising annual profit forecasts, Subaru Corp. cut its estimate for the fiscal year and Mitsubishi Motors Corp.
- Toyota delivers better than expected Q2, lifts earnings forecast – FT: Toyota delivered higher than expected earnings in its second quarter and lifted its full-year earnings forecasts on account of a weaker yen. Japan’s…
- Toyota posts 10 pct rise in Q2 operating profit, above expectations – Reuters: Toyota Motor Corp (7203.T) posted on Tuesday a 10.0 percent rise in operating profit for the second quarter as a positive currency …
- China urged to ease reliance on DRC for cobalt – Reuters: China is depending too much on the Democratic Republic of Congo (DRC) for cobalt, a crucial component in electric vehicle (EV) …
- Ethanol-based fuel becomes top-selling petrol in France – Reuters: Gasoline containing up to 10 percent of ethanol has … not suitable for all cars and with Britain where it has not yet been introduced.
- Column: Self-driving cars promise freedom – Detroitnews: The coalition is urging Congress to pass legislation to spur the safe testing and deployment of self-driving vehicles, so that we can reap their many…
- Defender-esque Bollinger B1 to launch mid-2019 – Autocar: Perhaps this American start-up has beaten Land Rover to a Defender replacement
- Nissan resumes some production amid scandal, fresh wrongdoing found – Reuters: Nissan Motor Co Ltd (7201.T) resumed on Tuesday most of the domestic car production that had been suspended in the wake of a …
- Ford could face $31K fine over alleged air pollution at Dearborn Truck Plant – Freep: Ford Motor Co. could face a $31,000 fine because pollution control equipment at the company’s Dearborn Truck Plant was not operating properly at…
- Bugatti Type 35 fetches over €1.4 million at Paris auction – Yahoo: For example, a Peugeot 3.3/4 HP “vis-à-vis” from 1896 sold for €208,600, after being estimated at €60,000 to €80,000. Similarly, a Peugeot Lion 8 HP…
- The World’s Fastest Car Is Made in Sweden – Fortune: Koenigsegg, the Swedish company known for its hypercars, broke the world record for fastest production car with its Agera RS over the weekend.
- Opinion Journal: Funny Business in Flint – WSJ: … which is having a financial resurgence after a string of leadership changes. Photo composite: Sarah McClure/The /Aston Martin.
- Infiniti crossovers recalled for potential electric problem – Automotive News: Nissan North America is recalling 2017-18 Infiniti QX30 crossovers because poor grounding of steering components could cause the driver-side…
- Glencore’s Big Electric Car Bet Carries Plenty of Risk: Gadfly – Washington Post: … this year, the Swiss-based resources company owns even larger interests in Congolese copper and cobalt deposits. Glencore’s timing was spot on.
- Gordon Murray is thinking big, building small – Autocar: Murray has chosen the perfect car on which to apply his iStream Superlight car-making process