- Volkswagen Supplier to Face Criminal Case in Emissions Fraud – WSJ: A supplier for Volkswagen AG VLKAY -1.92% is in discussions with the U.S. Justice Department to resolve an impending criminal case arising from its alleged participation in the German auto giant’s emissions cheating, according to people familiar with…
- Volkswagen, BMW and Daimler diesel monkey tests: brands have ‘blood on their hands’ – Autocar: German car makers have admitted an organization of theirs used monkeys in diesel fume tests German manufacturers admitted to financing a study that was designed to prove emissions were lower by forcing animals to breathe in exhaust fumes
- Former Lotus boss opens new Ares Design headquarters in Modena – Autocar: Dany Bahar, chief executive of Lotus from 2009 to 2012, is using a former Fiat and Alfa Romeo dealership building for his new company
- Volvo Trucks sees potential for 10 percent of Swedish sales in LNG trucks – Reuters: We have made an estimate for the Swedish market … – it’s a good indication of the potential that we see – for Sweden we have stated that … within the next (two to three) years we believe that about 10 percent of our sales will be LNG trucks, he…
- Ford’s Latecomer SUV Exemplifies Need for CEO’s Urgent Overhaul – Bloomberg: “Small SUVs are becoming the new starter vehicle, replacing compact and subcompact cars,” Jeff Schuster, auto analyst for LMC Automotive, said in an interview. “These vehicles do command a price premium over their car counterparts, so profitability is…
- Cupra confirmed as standalone performance sub-brand of Seat – Autocar: The new Cupra logo Hot Ateca to lead new sub-brand”s launch line-up, which will kick-start with an unveiling next month
- Electric vehicles: BP invests $5 million in charging business FreeWire – CNBC: Oil major subsidiary BP Ventures has invested $5 million in FreeWire Technologies, a U.S. company that specializes in mobile electric vehicle (EV) rapid charging systems. … According to the International Energy Agency, the global electric car stock…
- Ford counts on product launches for Europe boost – Automotive News: Ford hopes a big product offensive in Europe this year –led by the arrival of its new Focus — will boost its regional division. The automaker will unveil its latest-generation Focus at a stand-alone event in April instead of the Geneva auto show in…
- Truck maker Volvo raises market outlook after fourth quarter order boom – Reuters: The company, in which China’s Geely Holding is set to become second biggest shareholder by votes once authorities clear its purchase of an 8.2 percent stake, also reported a bigger than expected jump in order bookings for its trucks. Truck makers such…
- Volvo Fourth-Quarter Profit Jumps 30% on US, Asian Deliveries – Bloomberg: The Swedish investment firm, saying the ” timing is good,” agreed in December to sell its stake to Zhejiang Geely Holding Group Co., the Chinese owner of the truckmaker’s former Volvo Cars business. “In 2018 we will continue to focus on driving…
- Trump Neglects $46 Billion Investment Making Auto Comeback Claim – Bloomberg: President Donald Trump is overlooking a significant sum when he says automakers are building and expanding U.S. auto plants for the first time in … that Fiat Chrysler Automobiles NV, Toyota Motor Corp. and Mazda Motor Corp. are among the first to…
- Trump takes credit for influencing US auto investments – Automotive News: The new investments, including December’s Toyota-Mazda announcement of a $1.6 billion plant in Huntsville, Ala., are “all news Americans are totally unaccustomed to hearing. For many years, companies and jobs were only leaving us, but now they are…
- Fact check: Trump’s claims about auto industry hyperbolic but not entirely untrue – Freep: Chrysler is moving a major plant from Mexico to Michigan; Toyota and Mazda are opening up a plant in Alabama. Soon, plants will be opening up all over the country. This is all news Americans are unaccustomed to hearing – for many years, companies and…
- Trump: ‘Halted mandates that crippled autoworkers” – Detroitnews: President Trump hailed his move to delay a hike in fuel economy rules and automaker pledges to build new…
- Volvo Trucks targets 10 pct sales growth in S. Korea this year – Yonhap: Volvo Trucks Korea said Wednesday it is aiming to achieve 10 percent on-year growth in sales this year, while adopting more safety features in its models. In 2018, the Swedish commercial car maker aims to sell about 3,200 vehicles, up from 2,900 units…
- UK’s May Walks Tightrope Between Trade, Politics in China – Bloomberg: … toward formal trade talks. The group includes Pascal Soriot, chief executive officer of AstraZeneca; Mark E. Tucker, chairman, HSBC Holdings plc; Ralf Speth, CEO, Jaguar Land Rover; Bill Winters, group chief executive, Standard Chartered Bank; and…
- Honda dismiss ‘baby NSX’ rumours – Autocar:
- UK car output drops for first time since 2009, investment slumps – Reuters: Four of Britain’s six major carmakers recorded slumps in production last year, including the country’s biggest automaker Jaguar Land Rover (JLR) and Nissan, which operates Britain’s biggest factory. Output at both companies fell 2 percent. At Peugeot’s…
- Investment in UK car industry halves in 2 years – FT: The chief executives of several of Britain’s car manufacturers, including Aston Martin and Jaguar Land Rover, are in China this week on prime minister Theresa May’s trade delegation. Aston Martin is set to announce plans to double its dealer network in…
