- Robots Rejected: Humans Still Build the Best New Car You Can Buy – Bloomberg: Carmakers keeping fully staffed assembly lines offers a distinct contrast to electric-car maker Tesla, where Chief Executive Elon Musk promises a factory within a few years where workers won’t actually build cars, but rather, attend to the robots that…
- Alfa Romeo 6C sports car under development with V6 engine – Autocar: The 8C was the last time Alfa attempted a supercar – the Ferrari V8-engined model was limited to 500 units globally An Alfa Romeo 6C, sitting above the 4C in the range, could be on the cards, according to tuning company Pogea Racing
- Ford Focus RS engine problem: free repairs offered to prevent ‘white smoke’ – Autocar: Early version of 2.3-litre Ecoboost unit has a known issue that is caused by coolant leaking into the cylinders
- For Elon Musk, a 10-year, all-or-nothing pay package that demands massive growth at Tesla – Washington Post: For Elon Musk, a 10-year, all-or-nothing pay package that demands massive growth at Tesla. By Associated Press By Associated Press. Business. January 23 at 6:34 AM. NEW YORK – For Elon Musk, a 10-year, all-or-nothing pay package that demands massive…
- Musk may get no salary unless Tesla hits milestones – Reuters: Silicon valley billionaire Elon Musk will get no salary or cash bonuses from Tesla Inc and all his compensation as Chief Executive of the electric car maker will be tied to … Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in…
- Formula One Champion Niki Lauda Rescues Airline Named After Him – Bloomberg: Lauda, a three-time F1 champion who came close to death when his Ferrari race-car crashed and burst into flames during the 1976 German Grand Prix, is now in pole position to regain Niki after Laudamotion GmbH was selected to buy the carrier following a…
- How to Fix Uber in Six Not-So-Easy Steps – Bloomberg: Fourth: stop trying to build a self-driving car. When you look at Uber’s driver costs-about $7 billion a quarter-you can see why the company is banking on autonomous automobiles. Theoretically, a fleet of self-driving cars could revolutionize the…
- Tesla Gives Musk New Long-Term Pay Deal Tied to Big Targets – WSJ: Tesla Inc. said it updated the pay package for Chief Executive Elon Musk with a plan that again ties his compensation entirely to key performance benchmarks-albeit this time much larger ones, including an ultimate goal to hit $650 billion in market…
- 2019 G20 BMW 3 Series to be led by hot M340i M Performance model – Autocar: The next BMW 3 Series, as imagined by Autocar The German firm’s seventh-generation model will meld its trademark dynamic ability with improved comfort; warm model will sit below the full-fat M3
- Mazda Motor and Changan Auto join hands on electric vehicles – Nikkei: Mazda’s move coincides with those of its Japanese peers, Honda Motor, Toyota Motor and Nissan Motor, which are set to successively release electric sports utility vehicles popular among Chinese consumers. Beijing is set to adopt new clean-air…
- Tesla’s Musk to Lead Carmaker Over Long Term Under New Pay Deal – Bloomberg: Tesla Inc. Chief Executive Officer Elon Musk will lead the electric-car maker over the long term under a pay deal tied strictly to stock performance and profit. Musk will receive no salary or bonus, with compensation based on a 10-year grant of stock…
- BAIC Listing Looks Like a Bet on China’s Electric Dreams: Gadfly – Washington Post: The BAIC listing will also be a purer play on EVs than BYD. As Gadfly has noted, the Buffett-backed company gets just 55 percent of its revenue from auto sales, and electric vehicles are 20 percent of the total. While EVs are a small part of BAIC…
- China’s Electric Dream Goes Public – Bloomberg: While EVs represent just a fraction of total auto sales, China is already the world’s largest electric-car market, and will keep growing, thanks to the government. Beijing is working on a timetable to end sales of fossil-fuel-based vehicles, and the…
- Toyota’s Lexus aims to grow China sales 23 pct in 2018 -sources – Reuters: Toyota Motor Corp’s premium brand, Lexus, is targeting to grow sales in China by 23 percent this year to 160,000 vehicles, according to two individuals familiar with the matter. The targeted volume compares to last year’s sales of about 130,000…
- Musk’s Boring Company Presents LA Tunnel Plan – Bloomberg: Elon Musk’s Boring Co. presented its plan to build an underground transportation tunnel through Culver City, California, at a well-attended council meeting Monday night, another sign that the entrepreneur is serious about pushing forward with his…
- Volkswagen Group sees China passenger market growing 4 pct in 2018 – Reuters: Volkswagen Group China, which includes brands such as Audi, Skoda, Seat as well as Volkswagen, sold a total of 4.18 million vehicles in China last year, an increase of a little bit more than 5 percent from 2016, Volkswagen’s China chief, Jochem…
- Mazda claims 30% economy boost with ‘breakthrough’ Skyactiv-X tech – Autocar: We drove a prototype Mazda 3 equipped with the Skyactiv-X tech Japanese car maker said its cutting-edge combustion engine will be first of kind to market in 2019
- China’s Leshi seeks stake in Jia Yueting’s car businesses for debt owed – Nikkei: Leshi told an investor briefing on Tuesday it was seeking equity stakes in Jia’s car businesses, including Faraday Future, Lucid and LeSEE, which are companies that make electric vehicles. Jia, who founded the LeEco conglomerate that is now struggling…
- Dual-motor Tesla Model 3 incoming – Autocar:
- Five Solar Firms That Actually Stand to Gain From Trump’s Tariff – Bloomberg: … prove to be tariff-free since Trump’s allowing an exemption on 2.5 gigawatts of imported solar cells annually. “The market hasn’t really given value to the solar production,” Ben Kallo, an analyst at Robert W. Baird and Co., said, noting that…
- Ex-Fiat Chrysler executive pleads guilty in US union corruption probe – Reuters: A former Fiat Chrysler Automobiles NV executive pleaded guilty on Monday in connection with a U.S. probe into accusations that he made at least $1.5 million in improper payments to United Auto Workers union officials, the U.S. attorney’s office in…
- Range Rover Velar SVR due on roads this October with 542bhp – Autocar: Hot Land Rover is due for launch with supercharged V8 engine
- Fiat, Harman urge judge to reconsider ruling in Jeep hacking cases – Reuters: Fiat Chrysler and Harman International Industries have called on a federal judge to reverse a previous decision allowing consumer lawsuits alleging cybersecurity risks in Jeep vehicles caused their owners economic harm to proceed. FCA US LLC, the U.S….