- Ford workers, others, on strike in German wage dispute – Detroitnews: Thousands of workers have walked off the job at a Ford plant in Germany and other factories in a bid for higher…
- CNH CEO to Mull Spinoff Options After Credit Rating Boosted – Bloomberg: CNH Industrial NV, once part of carmaker Fiat, will work to strengthen its balance sheet this year before considering whether to separate its Iveco truck business from the company’s more profitable … Tobin, 54, has worked with Fiat Chrysler…
- Chinese start-ups set sights on car industry – FT: “I think all of these new EV companies’ funding added up would not be enough to support a single product’s entire life cycle” of about seven years. Already one high-profile start-up’s star has waned due to funding difficulties. Faraday Future launched…
- Electric Buses Will Take Over Half the World by 2025 – Bloomberg: Warren Buffett-backed BYD Co., China’s largest seller of electric vehicles, is well-positioned to take advantage of this government push. Last year in China, BYD sold 100,183 new-energy vehicles-a category that incudes full electric and hybrids), and…
- A SpaceX Pre-Flown Rocket Just Launched a Secure Communications Satellite Into Orbit – Fortune: SpaceX has delivered a satellite into orbit using a rocket that had already flown before, back in May last year. The Falcon 9 successfully launched and delivered its payload on Wednesday afternoon. The rocket’s first outing had taken a U.S. spy…
- Nissan Europe promotes veteran alliance exec to top sales job – Automotive News: Saillard joined Nissan in 2006 as sales director for Nissan Europe West, and held various roles, including sales director for Infiniti in Europe. In an interview with Automotive News Europe last November, Saillard said the three major challenges for…
- For Once, Uber Needs Travis Kalanick to Speak Up – Bloomberg: Levandowski has said the disks contained confidential Google source code and software for self-driving cars and that he had them shredded after Kalanick … Kalanick felt burned, he said in the July deposition, but he was still trying to partner with…
- Waymo leads race to improve autonomous car performance – FT: Some companies choose not to test on California public roads, in part to avoid the annual disclosure of performance statistics. Tesla, BMW, Volkswagen, Honda and Ford all hold licences to test in California but did not do so last year. Waymo said its…
- Daimler spends low triple-digit million euro sum on preparation for overhaul – Reuters: … Officer Bodo Uebber told journalists at Daimler’s annual news conference on Thursday. Daimler AG72.76. DAIGn.DEXetra. -0.97(-1.32%). DAIGn.DE. Under the new structure, Mercedes-Benz cars and vans will operate separately from Mercedes-Benz trucks…
- Daimler spends low 3-digit mln euro sum on preparation for overhaul – Reuters: The truck and car maker is conducting due diligence to evaluate the economic, tax-related and organisational effects of the planned new structure, Chief Financial Officer Bodo Uebber told journalists at Daimler’s annual news conference on Thursday….
- Elon Musk’s Boring Company sells all of its flamethrowers in less than a week – CNBC: Billionaire Elon Musk’s The Boring Company has sold all 20,000 of its flamethrowers in just five days. The entrepreneur announced Sunday that his tunneling firm had started selling flamethrowers. The devices were available for pre-order at a price of…
- Elon Musk Is Fresh Out of Flamethrowers – Fortune: Elon Musk’s Boring Company has sold all of its $500 flamethrowers, a mere week after the entrepreneur launched his latest stunt. It was a good stunt, too, even if it started as a joke. The Boring flamethrower even managed to annoy a California…
- Daimler’s spending on new technology to dampen earnings growth – Reuters: FILE PHOTO: The Mercedes star logo of an EQ concept car is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle /File Photo. Daimler’s EBIT for the fourth quarter through December was…
- Daimler’s Forecast Shows Strain of an Epic Car-Industry Shift – Bloomberg: Daimler’s subdued outlook contrasts with a record run, fueled by demand for its overhauled E-Class and a number of SUVs without predecessor. The company sold more cars last year than ever before, and posted record revenue and profit as well. For its…
- Daimler reports record profit for 2017 on SUV, E-Class sales – Washington Post: German automaker Daimler AG says its net profit rose 24 percent to a record 10.9 billion euros ($13.5 billion) last year, helped by strong sales of its Mercedes-Benz SUVs and new E-Class luxury sedan. The Stuttgart-based company gave a measured…
- Hybrid Car Sales Propel Surge in European Alternative-Fuel Autos – Bloomberg: European Union regulators are requiring the auto industry to reduce carbon-dioxide emissions from vehicle exhausts to limit greenhouse gases. Customers have been reluctant to buy all-electric autos because of concerns about how long battery recharging…
- Daimler posts record results once again – Daimler: Daimler AG (ticker symbol DAI) continued consequently along its path of profitable growth in 2017 and once again achieved record levels of unit sales, revenue, Group EBIT and net profit.
- Seven billion reasons for Honda, Toyota and Nissan to love Trump – Nikkei: For Toyota Motor, this should mean a 290 billion yen ($2.64 billion) increase in net profit, according to a compilation by Takaki Nakanishi, CEO of the Nakanishi Research Institute. Nakanishi also expects the corporate tax cut to add 320 billion yen to…
- The Breakneck Rise of China’s Colossus of Electric-Car Batteries – Bloomberg: The new assembly lines would quintuple CATL’s production capability and make it the world’s largest electric-vehicle battery cell manufacturer, ahead of Tesla, Warren Buffett-backed BYD Co. in China and South Korea’s LG Chem Ltd., according to…
- Renault Samsung’s Jan. sales rise 7.9 pct on exports – Yonhap: Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Thursday its January sales rose 7.9 percent from a year earlier on robust exports. The carmaker sold 21,847 vehicles last month, up from 20,256 units a year ago,…
- Porsche 718 Boxster Spyder to use 911 GT3 flat six power – Autocar: Featherweight drop-top will swap turbo four power for the high-revving unit of its sibling
- Station wagons are back – in crossover disguise – Detroitnews: Buick”s new Regal TourX is the latest addition to the growing stable of Europe-inspired, all-wheel drive…
- Nissan’s £500m local supply chain plan hits legal hurdle – FT: A £500m development to boost the supply chain for Nissan’s Sunderland car plant is facing a judicial review. The International Advanced Manufacturing Park scheme is a joint project between Sunderland City and South Tyneside councils, backed with £100m…
- London Ultra Low Emission Zone to affect 500,000 motorists from 2021 – Autocar: Drivers using a petrol as an everyday car will suffer if they own a pre-2005 model New £12 daily charge will force some drivers to change their car in order to comply
- VW resumes sales in S. Korea after emissions scandal – Yonhap: Audi Volkswagen Korea Ltd. will begin to receive orders for the 2.0 diesel-powered Passat sedan from Thursday, with a plan to deliver ordered vehicles by the end of March, the spokeswoman said. The Passat is priced at 43.2 million-52.9 million won…
- GM Ramps Up Testing of Self-Driving Cars, But Still Lags Waymo – WSJ: General Motors Co. GM -0.68% reported progress in the consistency of its autonomous-driving system last year as it sharply increased testing on the roads of California, though it remained well behind the self-driving tech unit of Google-parent Alphabet…
- Ex-FCA exec’s mansion could be seized – Detroitnews: Federal prosecutors may grab former Fiat Chrysler executive Alphons Iacobelli”s $1.3 million mansion in Rochester Hills. They argue the home is tied to fraud and money laundering and could be forfeited to the…
- Oxford-based company opens new EV motor facility – Autocar: Next-gen motors for EVs and hybrids will be built, with maximum capacity of 100,000 per year
- UK electric motor maker expands capacity as carmakers go green – Reuters: The firm exports 80 percent of production and has worked with companies including Britain’s two biggest carmakers Jaguar Land Rover (JLR) and Nissan as well as Aston Martin. JLR will decide this year whether to build electric cars in its home market,…