- UAW strike fund and assets grow as VP Norwood Jewell exits – Freep: Jewell is said to be among a handful of targets in a high-profile corruption probe that has resulted in plea deals and indictments during the past year of executives from Fiat Chrysler Automobiles and the UAW contract negotiators. He is not among the…
- Singapore watchdog says Uber-Grab deal may have infringed competition – Reuters: Singapore’s competition watchdog said it had reasonable grounds to suspect competition had been infringed by Uber Technologies Inc’s [UBER.UL] deal to sell its operations in Southeast Asia to rival ride-hailing firm Grab.
- GM Korea, union make no headway for breakthrough in March – Yonhap: GM has a 77 percent stake in GM Korea and SAIC Motor Corp. has a six percent stake in it. If the KDB offers financial support, GM said it will convert into equity all of the outstanding $2.7 billion debt held by the U.S. carmaker, fund its portion of a…
- Hero to zero in Silicon Valley: Chips with Everything podcast – Guardian: The story was so huge that it triggered a movement represented by the hashtag #DeleteFacebook, which garnered support from big names like WhatsApp’s co-founder Brian Acton, SpaceX and Tesla’s CEO Elon Musk, and even Playboy. Often we direct our anger…
- Matt Prior: Has Alpine peaked already? – Autocar: A110: first of many new Alpines? It remains to be seen Our man asks if departing executives highlight problems at Alpine; plus, he questions if electric car demand is about to take off
- (2nd LD) Kumho Tire union agrees to vote on sale plan – Yonhap: But the union had strongly objected to such a move, arguing that the acquisition by Doublestar could lead to massive layoffs and the stealing of technologies, as was the case with SAIC Motor Corp.’s takeover of SsangYong Motor Co. more than a decade…
- Skoda mulls new plant to meet record demand – Automotive News: Skoda may need to build another plant in Europe to keep pace with its record-breaking sales. Skoda CEO Bernhard Maier said that is one of long-term options the company is considering, another is shifting output to factories within parent Volkswagen…
- Electric black cab fight pits David against Goliath – FT: The company is owned by Geely, the Chinese group that owns Volvo Cars, controls sports car maker Lotus, and has a stake in Mercedes-Benz owner Daimler. Other companies also plan to launch black cab-style vehicles in the future. They include Nissan,…
- Howes: Tesla’s tailspin tells familiar tale in Detroit – Detroitnews: Forgive ol’ Detroit auto types for thinking Tesla Inc. is showing signs of desperation. We should know – the Motor City pioneered the genre. Financial execs are leaving Tesla. High-flying shares are tanking, down more than 13 percent just this week …
- Canadian Automotive Supplier Magna Teams up With Lyft on Autonomous Driving System Development – Japanautomotivedaily: Magna International Inc. recently announced that it has partnered with U.S. ride-hailing company Lyft Inc. on the development and production []
- UD Trucks Moves to Capture Growing Southeast Asian Market – Japanautomotivedaily: UD Trucks Corp., part of the Volvo Group, is speeding up its growth strategy in Southeast Asia. The company is []
- SoftBank Achieves Low-Latency 5G Transmission in Truck Platooning Test – Japanautomotivedaily: SoftBank Group Corp. (TYO:9984) announced on March 27 that it has successfully completed a one-way wireless transmission at the low []
- (LEAD) Gov’t urges union to OK Kumho Tire sale plan as deadline looms – Yonhap: But the union has strongly objected to the plan, arguing that acquisition by Doublestar could lead to massive layoffs and the stealing of technologies, as was the case with SAIC Motor Corp.’s takeover of SsangYong Motor Co. more than a decade ago. In a…
- Bipolar auto disorder: mixed messages at NY show – Detroitnews: “In joining forces with Waymo, we are pioneering to push the boundaries of technology,” Jaguar Land Rover CEO Ralf Speth said after the Waymo-Jaguar partnership was announced. “Together we will deliver the self-driving Waymo Jaguar I-Pace with the…
- BMW M8: new pictures show coupe and convertible differences – Autocar: BMW is testing its M8 performance model at the Nürburgring Hot 8 Series model will come in two-door coupe and convertible forms, as well as in four-door Gran Coupe guise
- Tesla Recalls Model S Cars Over Bolt Issue – WSJ: The Silicon Valley auto maker said the recall applies to sedans built before April 2016 after it discovered that certain corroding bolts in cold weather climates could lead to a power-steering failure.
- Hyundai Mobis, Glovis shares fall on group restructuring plan – Reuters: Shares of Hyundai Mobis (012330.KS) extended losses on Friday falling as much as 3.5 percent on worries its parent group’s restructuring plan will disadvantage Mobis shareholders. Its affiliate Hyundai Glovis (086280.KS), which will acquire two…