- China’s Car Boom Puts Volvo Owner on Track to Double Profit – Bloomberg: Li started out making refrigerator parts and later turned a bankrupt state-owned manufacturer into China’s biggest privately owned carmaker. He cemented his reputation as a savvy dealmaker after reviving Volvo Car in the face of widespread industry…
- Continental Is Said to Consider Major Overhaul, Possible Breakup – Bloomberg: A reorganization at one of the world’s largest car-component makers would come at a time when the industry is faced with a momentous shift to electric and self-driving vehicles. Other companies including premium-vehicle maker Daimler AG, parts…
- Morgan Plus 8 50th Anniversary edition celebrates the end of V8-engined model – Autocar: The standard car will no longer be produced with the 4.8-litre BMW V8 50-unit special edition will be revealed at Geneva in March to commemorate the end of the BMW V8-engined Plus 8, alongside the last Aero 8 edition.
- Fisker Emotion revealed at CES with 400-mile range – Autocar: Henrik Fisker has finally revealed his luxury EV, the Emotion Luxury saloon is Fisker”s answer to the Mercedes-Benz S-Class, but is more coupe-like in profile
- Peugeot plans 1300 French job cuts under new law: union – Reuters: French carmaker PSA Group (PEUP.PA) plans to eliminate 1,300 French jobs in 2018 using a new form of voluntary cuts introduced by President Emmanuel Macron, an official for the CFTC union said on Tuesday. Peugeot SA18.105. PEUP.PAParis Stock Exchange….
- VW, BMW, Nissan will use Mobileye tech in autonomous vehicles – Automotive News: Volkswagen Group, BMW and Nissan Motor, will use autonomous vehicle technology from Intel’s unit Mobileye to crowdsource data in 2 million vehicles, allowing them to build maps to enable self-driving capabilities, Intel CEO Brian Krzanich said. The…
- Uber-Slayer Didi Is Moving to Shake Up Chinese Bike-Sharing – Bloomberg: The world’s largest startup after Uber Technologies Inc. is delving deeper into a fiercely fought transport arena. Meituan Dianping, the online giant that became the world’s fourth-largest startup last year, has ventured into taxi and car-sharing….
- Kenon, Chery sell 51 pct of China car venture Qoros for $1 bln – Reuters: Israel’s Kenon Holdings Ltd said on Tuesday a China-based investor related to the Baoneng group has acquired 51 percent of its Qoros Automobile joint venture after the deal obtained approval from China’s Ministry of Commerce. The Baoneng-related…
- China fines two truck makers for pollution, emissions fraud – ministry – Reuters: China’s environment ministry said on Tuesday it had fined two local truck makers a total of at least 38 million yuan ($5.84 million) for manufacturing vehicles that do not meet pollution standards and for engaging in emissions fraud. The Ministry of…
- INSIGHT-GM races to build a formula for profitable electric cars – Reuters: General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker…
- Ford plans to use cloud computing to boost mobility – Detroitnews: Ford is working with partners to harmonize urban transportationhttp://rssfeeds.detroitnews.com/~/i/516045338/0/detroit/autosinsiderhttps://www.gannett-cdn.com/media/2018/01/08/DetroitNews/B99617248Z.1_20180108233522_000_GMK1QEO59.1-0.jpg
- Toyota joins Uber, Amazon, Pizza Hut for driverless pod – Detroitnews: Self-driving e-Palette concept vehicle could be used for everything from a traveling sneaker store to a rolling…
- Tesla is a ‘threat,’ but we’re ‘more than up to the challenge,’ Chinese start-up says – CNBC: Louis Hsieh, CFO of Chinese electric vehicle start-up Nio, told CNBC Tuesday that he firmly believes his company is up to the challenge posed by Elon Musk’s barrier-breaking car company. China has always been seen as an attractive market: The sheer…
- Samsung Electronics unveils driverless car parts, infotainment platform – Reuters: At an annual trade show in Las Vegas this week, Samsung Electronics unveiled an automotive camera system featuring collision warning, lane-departure warning, and adaptive cruise control, developed in collaboration with Harman. Samsung bought Harman in…
- Don’t Worry, Petrolheads. Driverless Cars Are Still Years Away – Bloomberg: Truly driverless vehicles are years away, executives from auto giants Toyota Motor Corp. and Hyundai Motor Co., mega supplier Robert Bosch GmbH and ride-hailing service Lyft Inc. said this week. While each of those companies showed off the progress…
- Intel CEO Comments Indicate Chip Issue May Cause Bigger Slowdown – Bloomberg: Elsewhere in his presentation, Intel’s CEO showed off a self-driving car, part of a promised 100-vehicle test fleet. BMW AG, Nissan Motor Co., and Volkswagen AG will deploy technology from Intel’s Mobileye unit, Krzanich said. That agreement will cover…
- SpaceX-delivered US spy satellite thought destroyed – FT: A US spy satellite that was launched from Cape Canaveral, Florida, aboard a SpaceX rocket on Sunday failed to reach orbit and is assumed to be a total loss, two US officials briefed on the mission said on Monday. The classified intelligence satellite,…
- Can Apple Profit From Its Battery Debacle? – Bloomberg: Apple should take a lesson from the automotive industry. As of 2017, the average U.S. car remained on the road for 11.5 years, helping to sustain a global aftermarket industry — including parts and services — that is expected to be worth more than…
- China’s Baidu Plugs `Apollo 2.0′ Self-Driving Platform in Vegas – Bloomberg: Baidu is attempting to match rivals like Alphabet Inc.’s Waymo, whose cars have already plied millions of miles free of direct human control. While companies based in America have been able to test their vehicles on public roads, local Chinese…
- Hyundai to Test Autonomous Driving With Fuel-Cell Vehicle – Bloomberg: Unveiling the fuel-cell SUV named “NEXO” Monday at the CES in Las Vegas, Hyundai said the vehicle will be used to try out the driverless technology it is developing with Aurora, a startup formed by former executives from Google, Tesla Inc. and Uber…
- US Spy Satellite Believed Lost After SpaceX Mission Fails – WSJ: An expensive, highly classified U.S. spy satellite is presumed to be a total loss after it failed to reach orbit atop a Space Exploration Technologies Corp. rocket on Sunday, according to industry and government officials. Lawmakers and congressional…
- Mexican auto exports surge in 2017 despite NAFTA fears – Reuters: Mexico’s auto sector has benefited from NAFTA as major manufacturers, such as General Motors Co (GM.N), Ford Motor Co (F.N), Fiat Chrysler Automobiles (FCHA.MI) and Volkswagen AG (VOWG_p.DE), have made the country a top export hub, attracted by cheap…
- Toyota reveals autonomous prototype for CES – Autocar:
- Kia Unveils Plan for 16 New Electric or Hybrid Vehicles by 2025 – Bloomberg: which displayed at CES a battery-only concept of its Niro subcompact sport utility vehicle with 238 miles (383 kilometers) of driving range — will introduce a combination of gas-electric and plug-in hybrids, plus pure-electric models and a fuel-cell…