- Toyota readies cheaper EV motors by halving rare-earth metal use – Automotive News: Toyota Motor is readying electric motors that use much as 50 percent less in rare-earth metals amid concern of a supply crunch as automakers race to expand their EV lineups. Toyota has developed a magnet for the motors that as much as halves the use of…
- BMW M4 Convertible Edition 30 Jahre celebrates 30 years of M convertibles – Autocar: BMW has been making drop-top M-cars for 30 years now Only 30 of the limited-run special edition will come to the UK, priced from £76,675
- Why Aston Martin is mulling risky move into F1 – Automotive News: After returning Aston Martin to profit, Andy Palmer envisions the British supercar maker entering Formula One as an engine supplier by 2021. F1 is trying to lure well-known brands such as Aston Martin and Porsche to the race series by promising to make…
- The Car of the Future Will Sell Your Data – Bloomberg: Automakers have been installing wireless connections in vehicles and collecting data for decades. But the sheer volume of software and sensors in new vehicles, combined with artificial intelligence that can sift through data at ever-quickening speeds,…
- Lexus will debut UX crossover with tail lamp fins – Automotive News: While Lexus gave no further details, a spokesman for its parent Toyota Motor said the vehicle is the production version of the UX Concept shown at the 2016 Paris auto show. It will get a more toned-down design than the aggressive-looking UX Concept,…
- Ferrari 488 Pista: leaked images of 700bhp 911 GT2 RS rival show name – Autocar: This is one of three images leaked online that show the car’s new name: 488 Pista Harder version of 488 GTB surfaces on social media; the track-focused variant is a natural rival to the Porsche 911 GT2 RS
- BRIEF-Mitsubishi unit offers takeover bid for shares of Mitsubishi Motors – Reuters: BRIEF-Mitsubishi unit offers takeover bid for shares of Mitsubishi Motors. Reuters Staff. 1 Min Read. Feb 20 (Reuters) – Mitsubishi Corp. * Says wholly owned stake management unit offers a takeover bid for 160.3 million shares of Mitsubishi Motors…
- Uber CEO’s Asia Trip Underscores Its Persistent Global Ambitions – Bloomberg: … he made clear that Uber would make a renewed push to expand in the country. Although Uber has clashed with taxi rivals and regulators around the world, it has played by the rules in the archipelago, relegating its business to car hires and a…
- GM offers $2.2 billion debt for equity swap in return for S. Korea’s support, report says – Automotive News: General Motors has offered to convert debt of about $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said. The…
- Tesla Model S outsells German luxury flagships in Europe – Automotive News: Germany’s premium brands are under pressure to accelerate their plans for electric cars after Tesla’s Model S outsold the luxury flagships of Mercedes-Benz, BMW and Audi in Europe for the first time. European sales of the Model S outstripped German…
- South Korea designates Gunsan city economic ‘crisis zone’ as GM shutting factory – Reuters: … the city of Gunsan as a ‘crisis zone’ for industry and employment, said presidential spokesman Kim Eui-kyeom on Tuesday, after General Motors (GM. … Members of the GM Korea union, a subcommittee for Korea Metal Workers’ Union, hold a meeting to…
- South Korea threatens WTO action if US hikes steel tariffs – Nikkei: 2 player Hyundai Steel is more exposed to risk. “Due to the series of anti-dumping and countervailing duty orders imposed in the past couple of years, Posco has reduced U.S. exports significantly, and the U.S. currently represents less than 1% of…
- Uber to Renew Push to Expand in Japan With Taxi Partnerships – Bloomberg: While Uber has clashed with taxi rivals and regulators around the world, it has played by the rules in the archipelago, relegating its business to car hires and a ride-sharing program for the elderly in a small rural town. The company’s main success in…
- General Motors is planning to produce two new car models in South Korea – CNBC: General Motors plans to produce two new models in South Korea, according to a local lawmaker, quoting GM executive Barry Engle as saying this at a meeting with South Korean members of parliament. Engle, who is president of GM International, did not…
- (LEAD) New car allocation seen as key to survival of GM Korea – Yonhap: GM and SAIC Motor Corp Inc. control 77 percent and 6.0 percent stakes in GM Korea, respectively. Seoul’s chief economic policymaker said the government would review GM’s rehabilitation plan before making any decisions. “We are ready to discuss the…
- General Motors offers $2.2 billion debt for equity swap in return for Seoul’s support – CNBC: General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, according to sources. One of the sources said GM had asked Seoul to…
- South Korea’s finance minister vows to negotiate with GM over fate of plants – Reuters: South Korea’s finance minister said on Tuesday the government would hold talks with General Motors (GM. … GM last week announced it would shut down one of its plants in Gunsan in South Korea’s southwest by May, and decide within weeks on the…
- S.Korea’s fin min vows to negotiate with GM over fate of plants – Reuters: South Korea’s finance minister said on Tuesday the government would hold talks with General Motors over the future of its four plants after the company announced the closure of one and left the other three in the balance. GM last week announced it…
- Crunching Car Data for Cash: An Israeli Startup Takes on Google – Bloomberg: Every hour, a modern car processes about 25 gigabytes of information – the equivalent of about seven full-length high-definition movies – on everything from engine temperature and tire pressure to what’s playing on the radio. For automakers, the…
- GM plans to produce two new models in South Korea – South Korea lawmaker – Reuters: N) plans to produce two new models in South Korea, a local lawmaker quoted GM executive Barry Engle as saying at a meeting with South Korean members of … FILE PHOTO – The GM logo is seen at the General Motors Warren Transmission Operations Plant in…
- New car allocation seen as key to survival of GM Korea – Yonhap: Last week, the local carmaker’s parent, General Motors Co., announced it will shut down its underutilized plant in Gunsan, one of the automobile giant’s four car assembly plants in South Korea. … GM and SAIC Motor Corp Inc. control 77 percent and 6.0…
- 2019 Bentley Flying Spur: larger and more luxurious saloon spotted – Autocar: Bentley is testing its upcoming Flying Spur in Scandinavia Pricier alternative to Mercedes-Benz S-Class will get Continental GT tech with softer focus
- Mitsubishi Corp considers tender offer for Mitsubishi Motors shares – Reuters: Japanese trading house Mitsubishi Corp said on Tuesday it is considering launching a tender offer for shares in Mitsubishi Motors Corp to make it an equity method affiliate. Mitsubishi Corp said in a statement it was considering buying shares in the…
- Mines Linked to Child Labor Are Thriving in Rush for Car Batteries – Bloomberg: That’s a concern for carmakers from Volkswagen AG to Tesla Inc., who are seeking to secure long-term supplies of the battery ingredient but don’t want to be enmeshed in a scandal about unethical mining practices. Tech giants including Apple Inc. and…
