- Fiat Chrysler lowers part of 2018 guidance, shares fall – Reuters: Fiat Chrysler lowers part of 2018 guidance, shares fall. Reuters Staff. 2 Min Read. MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) on Thursday slightly lowered its … FILE PHOTO: A Fiat logo is seen at a car dealership in Vienna, Austria, May 30,…
- After crash, injured motorcyclist accuses robot-driven vehicle of ‘negligent driving’ – Washington Post: … filed a lawsuit against General Motors, accusing one of the manufacturer’s robot-operated vehicles of “negligent driving.” Oscar Willhelm Nilsson claims he was traveling down a San Francisco street last month when a Chevy Cruise aborted a lane…
- Opel threatens to move Corsa production from Spain – Automotive News: Opel is considering cutting further investment in its Zaragoza plant in Spain after failing to reach a deal with unions on wages and working conditions. The move would threaten production of the next Corsa subcompact model at the factory. PSA Group,…
- Volkswagen T-Roc – Autocar: Volkswagen arrives late at the crossover hatchback party. But can the T-Roc still turn heads in a congested segment? When the Nissan Qashqai first entered production in 2006, no one could have predicted the impact that it would have on the car-buying…
- Renault’s risk on subcompacts in Russia paid off – Automotive News: As head of product planning at the Renault Group since October 2014, Bruno Ancelin has to carefully orchestrate how the company’s models will be allocated in more than 100 global markets. Ancelin said one of the best recent moves Renault made was to…
- Hyundai, Kia face free-falling sales in US, China – Nikkei: “The company [Hyundai] does not expect its sales in China to rebound drastically this year. The company also forecast its poor sales in the North American market to continue,” said Chang Moon-su, an analyst at Kiwoom Securities. “Furthermore, Japanese…
- Volvo could build Chinese cars in Europe, CEO Samuelsson says – Automotive News: Zhejiang Geely Holding Group started selling the Lynk & CO’s 01 SUV in China about two months ago for a base price of 158,800 yuan ($25,000). Volvo could consider offering its factory in Gent, Belgium, to build the model if and when the Chinese company…
- Maruti Suzuki India Q3 profit rises 3 pct, misses estimates – Reuters: Maruti Suzuki India Ltd, the country’s top-selling car maker, posted a 3 percent rise in its quarterly net profit as sales volumes rose, but the profit fell short of analysts’ expectations. The company, majority-owned by Japan’s Suzuki Motor Corp ,…
- Opel may curtail investment in Spanish factory in union standoff – Reuters: Peugeot says that the Figueruelas factory is less competitive than its other two plants in Spain due to higher wages, lower hours and lower flexibility. Production of the next series of Opel’s Corsa, which has been made in Figueruelas for decades,…
- With self-parking slippers, Nissan drives Japanese hospitality to a new level – Reuters: In Japan, where old traditions are constantly being updated with new technology, one inn is making use of automated driving technology … A car with the Nissan logo badge is seen on display at the North American International Auto Show in Detroit,…
- Ford will disclose product cuts later this year – Automotive News: Ford Motor will disclose details later this year of its investment shift to SUVs and crossovers from passenger cars. On Jan. 17, Ford said it will scale back its car offerings and offer far fewer iterations of models that survive as it seeks to become…
- German Parties Weigh Diesel Hardware Fix in Blow to Automakers – Bloomberg: Diesel vehicles’ emissions have been under scrutiny since the September 2015 revelation that Volkswagen had programmed as many as 11 million autos to cheat on official pollution tests. The issue is back in focus ahead of a ruling next month by…
- Hyundai Motor sees tough US market, after dismal 2017 – Reuters: Hyundai Motor Co (005380.KS) said challenges are expected to persist in … FILE PHOTO: Rear view of the 2019 Hyundai Veloster being displayed at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2018. REUTERS/Brendan…
- (LEAD) Hyundai Mobis swings to Q4 net loss on strong won, China woes – Yonhap: Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it swung to a net loss in the fourth quarter due to a strong won and lower demand in China. For the three months that ended Dec. 31, Hyundai Mobis shifted to a net loss of 147.63…
- Mercedes-Benz sports sponsorship: Mercedes-Benz is the partner of the Wheelchair Basketball World – Daimler: Mercedes-Benz is the official partner of the Wheelchair Basketball World Championship, which is taking place from 16 to 26 August 2018 at Hamburg’s Inselpark.
- Hyundai’s Corner Is Nearing – Bloomberg: In Hyundai’s case, it’s worse: Earnings-based valuations have actually been going up, with the blended forward 12-month price-earnings ratio touching its highest level in six-and-a-half-years last week. The stability of Hyundai’s share price is an…
- Aramco Devising Thriftier Engines to Defuse Electric-Car Threat – Bloomberg: Transportation forms the backbone of the world’s demand for oil, with an expanding share that currently accounts for 54 percent of total consumption, according to Bank of America Merrill Lynch. However, electric vehicles will probably start to erode…
- Hyundai Motor’s profits tumble as China sales slashed – FT: Hyundai Motors saw its annual operating income tumble 11.9 per cent in 2017 amid a tough foreign reserve environment and slower demand from China as diplomatic tensions over a US missile shield in South Korea dented sales. The South Korean carmaker…
- UK funds satellite hunt for new minerals – Reuters: The British government has handed out 850,000 pounds for research that uses satellites to identify deposits of minerals, including battery metal lithium, as part … It has said it will ban new petrol and diesel cars from 2040, raising the prospect of…
