- Geely’s 2017 profit more than doubles on domestic demand – Automotive News: Geely Automobile Holdings’ profits more than doubled in 2017, driven by strong domestic sales of popular SUVs. The automaker, based in the eastern Chinese city of Hangzhou, said in a stock exchange filing that 2017 net profit rose 108 percent to 10.6…
- For Self-Driving Cars, Seeing Everything Isn’t Always Enough – Bloomberg: The tragedy of the first pedestrian killed by an autonomous vehicle points to a potential vulnerability with the nascent technology now being tested on the open roads: While robo-cars, powered by sophisticated sensors and cameras, can reliably see…
- Skoda Kamiq confirmed as fourth SUV for China – Autocar: Skoda CEO Bernhard Maier has confirm a new SUV will be revealed in April With ambitions to double sales in China by 2020, a small, budget SUV will be an important addition
- BMW will add i4 electric car – Automotive News: BMW will expand its i family of electrified cars with the i4 full-electric sedan. The i4 will be one of 12 battery-electric models BMW aims to have in showrooms by 2025. Currently the BMW brand’s sole battery-powered model is the i3 city hatchback. The…
- China’s BYD to open battery recycling plant in Shanghai in Q2 -spokeswoman – Reuters: Chinese automaker BYD Co will open a battery recycling plant in Shanghai in the second quarter as it looks to reduce raw material purchase costs and help address battery waste, a spokeswoman said on Wednesday.
- BMW says spending to rise on autonomous, electric technology – Washington Post: Automaker BMW says this year’s profits will at least equal last year’s results as the company sinks billions into developing electric and autonomous car technology to meet expected changes in how people get from one place to another. Chief Financial…
- Tesla Investors Head to the Polls on Musk’s $2.6 Billion Pay Plan – Bloomberg: Con: Musk already owns about 20 percent of Tesla. Does he really need more money? More than half of Musk’s roughly $20 billion fortune is tied up in Tesla stock. That’s led some to question whether the largest award in corporate history is needed to …
- Ford buying Michigan Central Station: What we know and don’t know – Freep: “Returning to Detroit is particularly meaningful, because it is where my great-grandfather originally set out to pursue his passion and where we have always called our home,” Ford said at the time. “We are planting a special piece of our company’s…
- BMW ramps up R&D spending for electric, autonomous cars – Reuters: BMW ramps up R&D spending for electric, autonomous cars. Reuters Staff. 2 Min Read. Munich (Reuters) – German carmaker BMW (BMWG.DE) said it will … A car with the BMW logo badge is seen on display at the North American International Auto Show in…
- Skoda readies 19-model product drive in next two years – Autocar: The Octavia is Skoda’s biggest-selling car globally Vision X compact SUV and electrified models part of Czech firm’s ambitious plans to building on record-breaking 2017 profits
- Pininfarina car brand to launch with electric Bugatti Chiron rival and three SUVs – Autocar: H2 Speed shows Pininfarina”s hypercar vision Based on underpinnings co-developed by Croatian electric supercar maker Rimac, the Italian firm aims to launch the electric hypercar car in 2020
- McLaren car is ‘100 percent’ ready, says Alonso – Reuters: Well, I think we should be optimistic, the 36-year-old Spaniard told Reuters at a Melbourne event held by McLaren sponsor Chandon. I think we had some reliability issues in testing but all of them are fixed now and the team did an amazing job in the…
- Self-Driving Cars Keep Rolling Despite Concerns After Uber Crash – Bloomberg: “Honestly, the last thing under this administration that car companies and self-driving vehicle developers have to worry about is heavy regulation,” said David Friedman, a former National Highway Traffic Safety Administration administrator under…
- Skoda may boost output with new plant outside Czech base – Automotive News: Skoda has blossomed under nearly 30 years of VW ownership to become one of its profit drivers, even beating luxury brand Audi’s and BMW’s operating margins last year, thanks to its cheap labor and to VW’s cost-saving modular production platforms….
- Vauxhall Corsa GSi returns as driver-focused VXR replacement – Autocar: Power is likely to come from a 148bhp 1.4-litre Sporty new three-door Vauxhall goes on sale this summer at around £19k
- AB InBev sets climate, water goals to keep fizz in beer sales – Reuters: Anheuser-Busch InBev, the world’s biggest brewer, said on Wednesday it would cut its greenhouse gas emissions by a quarter by 2025 and help thousands of farmers cope with disruptions to water supplies stoked by global warming.
- Europe’s slower autonomous car testing reduces accident risk, experts say – Automotive News: The nation’s biggest car manufacturer, Jaguar Land Rover, began piloting driverless cars on public roads last year, and the government has said it would invest 200 million pounds ($280 million) in researching and testing necessary infrastructure in…
- We Fear What We Can’t Control About Uber and Facebook – Bloomberg: The world has now seen its first death by driverless car, in Tempe, Arizona, as a pedestrian was struck down by an Uber vehicle. This is a big news story, even though about 40,000 Americans die from motor vehicle accidents each year. We’re learning…
- Union balks at GM Korea’s revised self-help offer – Yonhap: The KDB is the second-biggest shareholder in GM Korea with a stake of 17 percent, with GM and SAIC Motor Corp. controlling 77 percent and 6 percent, respectively. If Seoul offers financial support, GM said it will convert into equity all of the…
- Chinese autoparts makers go on global buying spree – Nikkei: Huayu is a unit of automaker SAIC Motor, and has pushed for the venture to enter overseas markets. It wants to sell components to SAIC’s partner General Motors and other global automakers for their operations in Europe and the U.S. This, however, would…
- China’s SAIC Motor to ride SUV for India foray in 2019 – Nikkei:
- Geely Profit More Than Doubles as Chinese Shoppers Fancy SUVs – Bloomberg: Chinese billionaire Li Shufu’s Geely Automobile Holdings Ltd. more than doubled its annual net income on rising demand in the carmaker’s home market, … Even with rising sales, Geely warned that competition in China is intensifying and changes in tax…
- Pension fund CalSTRS opposes Tesla’s compensation package for Musk – Reuters: U.S. public pension fund CalSTRS said on Wednesday it is opposed to Tesla Inc’s recommendation to support Chief Executive Elon Musk’s compensation arrangement at the electric car maker’s shareholder meeting.
- Aston Martin Manila Debuts V8-Powered Aston Martin DB11 – Yahoo: Aston Martin Manila is expanding its offering of the British carmaker’s DB11 line by bringing in a V8-powered version to complement the V12 model which was launched locally just over a year ago in February 2017. “We are thrilled to unveil the…
- BRIEF-Mitsubishi unit says result of takeover bid for shares of Mitsubishi Motors – Reuters: BRIEF-Mitsubishi unit says result of takeover bid for shares of Mitsubishi Motors. Reuters Staff. 1 Min Read. March 21 (Reuters) – Mitsubishi Corp. * Says co’s wholly owned unit MAI acquires 160.3 million shares of Mitsubishi Motors Corp, during the…
- Audi R8 rumoured to get biturbo V6 – Autocar:
- Elon Musk’s firm one of two chosen as finalists in competition to build O’Hare Express train – Chicago Tribune: The city has narrowed the competition for building an express train from downtown to O’Hare International Airport to two teams – including the company led by billionaire entrepreneur Elon Musk. Musk’s firm, The Boring Co., and O’Hare Xpress LLC, which…
- LG Chem to supply electric vehicle batteries to Volkswagen – Yonhap: LG Chem Ltd., South Korea’s top chemicals company, said Wednesday that it has been selected as a supplier of electric vehicle batteries to German carmaker Volkswagen. “We have received a letter of intent, though we have yet to sign a formal deal,” an…
- ‘Uber should be shut down’: friends of self-driving car crash victim seek justice – Guardian: Two days after an Uber SUV fatally struck the 49-year-old Elaine Herzberg in Tempe, Arizona, while traveling in autonomous mode, friends of the victim have argued that the ride-share company should face consequences and criticized government officials…
