- Volkswagen’s Audi unit head Stadler to leave in April – Bild – Reuters: The chief executive of Volkswagen’s luxury unit Audi, Rupert Stadler, will be replaced in April because of his unsuccessful handling of the diesel emissions scandal, … VW unit Skoda’s head Winfried Vahland is seen as the top candidate to succeed him,…
- Audi denies CEO Stadler will be replaced by former Skoda boss – Automotive News: Audi Chairman Matthias Mueller said that reports about an imminent ouster of CEO Rupert Stadler are false. Germany’s daily newspaper Bild reported that Stadler will be replaced in April because of his unsuccessful handling of the diesel emissions…
- Record Renault earnings strengthen Ghosn’s hand – Reuters: Renault shares were up 3 percent at 88.59 euros at 0905 GMT. Operating profit at the core automotive division, excluding the recently consolidated AvtoVAZ business in Russia, rose 15.2 percent to 363 million euros. The company raised its proposed…
- Carlos Ghosn: ‘We’re probably the only carmaker who’s starting to make money selling electric cars’ – CNBC: The auto alliance between Renault, Nissan and Mitsubishi is probably the most advanced and profitable carmaker when it comes to producing electric cars, the company’s CEO told CNBC Friday. The alliance, which started work on electrification back in…
- Renault’s Ghosn pledges ‘irreversible’ alliance with Nissan – Automotive News: Carlos Ghosn pledged to cement Renault’s partnership with Nissan Motor and Mitsubishi Motors after agreeing to stay on as chairman and CEO of the French automaker for the next four years. By June, the companies will have a plan “make the alliance…
- Brexit Bulletin: Job Cuts Come to Car Country – Bloomberg: … Motors, production curbs are coming at Jaguar Land Rover, and union bosses fear this is just the prelude, Bloomberg’s Suzi Ring and Chris Jasper report. … Outside Jaguar’s Halewood plant, one man said he’d voted to leave the EU because migrant…
- Toyota Design Chief Says the Future of Cars Is Custom Speedsters and Rolling Boxes – Fortune: The man with the final word on design at one of the world’s biggest automakers sees a future dominated by self-driving boxes-on-wheels and souped-up sports cars. For Simon Humphries, who as of this year oversees design globally across Toyota Motor’s…
- Renault posts record earnings, strengthening Ghosn’s hand – Reuters: Renault said on Friday its operating profit surged 17.4 percent to an all-time high of 3.854 billion euros (£3.42 billion), or 6.6 percent of revenue – which rose 14.7 percent to 58.77 billion on buoyant European demand. The record earnings and margin…
- Toyota’s Sony-Loving Design Chief Bets on Buses and Supercars – Bloomberg: Simon Humphries: Design has a responsibility to go beyond just styling, and present a viable story for the future. Toyota said it’s going to be a mobility provider, and that doesn’t necessarily mean four wheels. The boundaries between car makers, train…
- Auto parts group Faurecia slightly raises 2018 margin goal as profit climbs – Reuters: French auto parts maker Faurecia slightly raised its 2018 operating margin target on Friday as the company posted higher annual sales and profit. Faurecia, 46 percent owned by car group Peugeot, said it was now targeting an operating margin of more…
- Layoffs Arrive in Brexit Britain, and Auto Workers Are Up First – Bloomberg: A poster featuring a Range Rover Evoque sits outside Jaguar Land Rover’s assembly plant in Halewood. Photographer: Matthew Lloyd/Bloomberg. Follow @Brexit on Twitter, join our Facebook group and sign up to our Brexit Bulletin. In his 50 years working…
- SpaceX joins race to provide universal internet access – FT: SpaceX will on Saturday enter the race to bring internet access to all parts of the earth’s surface with the planned launch of its first test satellites for a globe-spanning communications network. The latest trial from Elon Musk’s private space…
- Vauxhall Corsa GSi confirmed for late 2018 – Autocar: The Vauxhall Corsa GSi will be less rorty than the Corsa VXR (pictured) for real-world performance A warm Corsa is coming, with a GSI badge and more everyday levels of performance than the hardcore VXR model
- Tesla Seeks Upgrade to Grid to Recognize World’s Biggest Battery – Bloomberg: The response time for Musk’s Powerpack batteries to feed power into the grid when outages hit is less than 200 milliseconds, Tesla said in a submission to the nation’s energy markets rulemaker. However, the rules, written with large coal and gas…
- Hyundai Tucson, Kia Rio recognized as most dependable vehicles by JD Power – Yonhap: Hyundai Motor Co.’s compact crossover Tucson and the Rio subcompact by sister brand Kia Motors Corp. received recognition as the most dependable cars in their classes by J.D. Power and Associates, industry watchers here said Friday. The two vehicles…
