- Tesla production pause adds to Model 3 concerns – Reuters: Tesla Inc shares fell as much as 2 percent in premarket trading on Tuesday, a temporary halt in production of its Model 3 sedan adding to nerves about the electric car maker’s consistent failure to keep its promises on vehicle output.
- Byton to reveal electric saloon concept at CES Asia in June – Autocar: Saloon will follow all-electric SUV (pictured) that’ll go on sale in China late next year Following the reveal of its electric SUV concept, the Chinese-based start-up will show its second concept car during the summer
- China to open auto market as trade tensions simmer – Reuters: A senior General Motors (GM.N) executive last week said that the U.S. carmaker, even without ownership caps, would not cut ties with local partner SAIC Motor Corp (600104.SS). The source, who asked to remain anonymous because of the sensitivity of the…
- Tesla idling Model 3 shows Musk unable to make fixes – Detroitnews: Tesla Inc. is temporarily suspending production of the Model 3 sedan for at least the second time in roughly two months
- 2019 Ford Mustang Shelby GT500: new pictures of 700bhp muscle car – Autocar: This, the Shelby GT500, will be the most powerful Ford Mustang to go into production The Shelby GT500 will be the most powerful road-legal production Ford yet; and will be joined by a new hybrid version
- Vauxhall will close one in three UK dealers – after pitching all 326 against each other in a survival … – Yahoo: Stephen Norman, MD of Vauxhall Motors, said: “The requirements of the industry going forward and the requirements of the brands Opel and Vauxhall would not require as many retail outlets as the brands currently have.” He said he did not expect any job…
- Hybrid already more popular than diesel in Britain, report says – Autocar: Hybrid models such as the Toyota Prius are already a familiar sight on roads A new National Franchised Dealer Association survey shows impact of diesel”s recent downfall
- Exclusive: South Korea’s KDB, GM Korea may sign preliminary funding deal by April 27 – Reuters: Korea Development Bank (KDB) may sign a preliminary agreement by April 27 to financially support General Motors Co’s troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of the lender said.
- Tesla halts Model 3 production as firm scrambles to improve automation – Guardian: Tesla has temporarily suspended its Model 3 assembly line as Elon Musk’s electric car firm struggles to deliver on targets. The company said the move was a planned production pause of up to five days. It is the second time since February that Tesla has…
- ‘If you connect everything, anything is going to be possible,’ Cisco executive says – CNBC: Cisco is currently working to protect its customers from up to 20 billion cybersecurity attacks per day, but the internet networking company is looking to a world changed by future wireless capabilities. Speaking with CNBC’s “Squawk Box,” Cisco…
- China Loosens Foreign Auto Rules, in Potential Peace Offering to Trump – New York Times: https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSm0EWcSx7dYaqBsSkk3ceM9nPPg1wJNwP8W5wJoDCi9smbeYpC1JKTECoyRkaB9hwn8WdpmZTe4gChina Loosens Foreign Auto Rules, in Potential Peace Offering to Trump New York TimesChina to allow full foreign ownership…
- Renault shuffles Dacia, AvtoVAZ bosses – Automotive News: Renault has shuffled the leadership of its Dacia and Lada subsidiaries, appointing Antoine Doucerain as managing director of Dacia, replacing Yves Caracatzanis, who becomes CEO of AvtoVAZ, which makes the Lada brand in Russia. Doucerain and…
- China to scrap foreign auto ownership limits by 2022 – Reuters: China will scrap foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to carmakers from Nissan to Tesla Inc.
- Hong Kong shares end lower; ZTE ban reignites trade war fears – Reuters: The top gainers among H-shares were Dongfeng Motor Group Co Ltd, which ended up 2.25 percent, followed by CNOOC Ltd, which closed 1.63 percent higher and Anhui Conch Cement Co Ltd that gained 1.25 percent. ** The three biggest H-shares percentage…
- VW to Tesla Set to Win From China Move to Remove Ownership Caps – Bloomberg: Potential beneficiaries include companies from Daimler AG and BMW AG to General Motors Co. and Toyota Motor Corp., all set to find it easier to manufacture and do business in China. The country’s local auto makers meanwhile will be under increased…
- China sets timeline to scrap foreign stake limits for auto sector – Reuters: China sets timeline to scrap foreign stake limits for auto sector … BEIJING (Reuters) – China’s state planner said on Tuesday the country will scrap foreign ownership limits on commercial vehicle firms in 2020 and lift … The rule change could…
- Smaller Opel/Vauxhall dealer network will focus on performance, customer satisfaction – Automotive News: PSA Group will focus its slimmed-down Opel/Vauxhall dealership network across Europe on sales performance and customer satisfaction. As many as a third of the region’s 1,600 Opel/Vauxhall dealerships could be axed, reports said, after PSA cancelled all…
- Ghosn confirms review of Renault-Nissan capital structure – Automotive News: Ghosn is driving the negotiations and would run the combined entity, Bloomberg News reported in March. Forging a single company from the French and Japanese brands would feed a growing trend toward consolidation in the global auto industry, which is…
- Japan’s Automakers Risk Missing Global Car Connectivity Boom – Bloomberg: Rivals including General Motors Co. are betting on connectivity for new revenue streams as buyers in the U.S., Europe and China embrace on-board shopping, entertainment and customized coupons. SBD Automotive predicts that two-thirds of cars in U.S. and…
- South African Authorities Seize $21 Million in Gupta Assets – Bloomberg: Eleven properties linked to Ragavan were also on the list along with company-registered cars that included brands such as Mercedes, Audi, Porsche, Land Rover, Lexus and Lamborghini. The Gupta family, who have fled South Africa, have been accused of…
- The Unappealing Story Under GM’s Hood – Bloomberg: Auto-parts suppliers like Michigan-headquartered, Hong Kong-listed Nexteer Automotive Group Ltd., Minth Group Ltd. and Fuyao Glass Industry Group Co. count … Their high-margin businesses have been on a tear, riding a wave of record auto sales in the…
- Uber executive plays down deal prospects in Brazil, citing scale – Reuters: Uber’s robust growth in Brazil, its biggest market outside the United States, has given the ride-hailing app a far stronger position than it had in Asian markets that it recently exited, a senior executive said on a visit to South America.
- Autocar confidential: McLaren’s SUV, Citroen Cactus, Mercedes design & more – Autocar: McLaren 720S Our reporters empty their notebooks to round up this week’s gossip from across the automotive industry
- New WLTP emissions test: when it’s in force and how it could affect your car – Autocar: ?The new WLTP rules result in a lot more work for car makers Overhauled economy and emissions tests are set to make their mark this autumn as car makers get to grips with tough new regulations
- Audi Joins French Quest for Biofuels That Won’t Challenge Food – Bloomberg: On a windy morning at a track near Paris this month, Audi AG started testing gasoline blended with 34 percent of a biofuel produced from sugar beet waste in one of its classic A4 sedans. Unlike ethanol, which requires special engines when used in large…
- China stocks extend decline as trade war fears linger; Hong Kong flat – Reuters: The top gainers among H-shares were Dongfeng Motor Group Co Ltd up 2.73 percent, followed by Anhui Conch Cement Co Ltd gaining 2.61 percent and Postal Savings Bank of China Co Ltd up by 2.36 percent. ** The three biggest H-share percentage decliners…
- The world doesn’t need more Elon Musks – FT: Tesla Motors, SolarCity and SpaceX, all led by entrepreneur Elon Musk, are currently surfing a new wave of state technology. Together, these high-tech ventures have benefited from $4.9bn in local, state and federal government support, such as grants,…
- Britain’s electric car aspirations lag way behind Asia’s headstart – FT: Part of the government’s motivation is to ensure that the British motor industry is not damaged as it makes the transition to electric cars. Last week’s announcement of job losses at Jaguar Land Rover, caused by the collapse in diesel car sales, was a…
- Lexus Design Award 2018 Grand Prix Winner Announced at Amazing ‘LIMITLESS CO-EXISTENCE’ Exhibition in Milan – Toyota: Lexus International today announced the Grand Prix winner of the Lexus Design Award 2018?Testing Hypotheticals by Extrapolation Factory (Christopher Woebken, Elliott P. Montgomery)?leading this prestigious international event to a pinnacle of…
- Tesla to pause production of Model 3 – CBS News: . The company said it is planned downtime, but the Model 3 has been famously plagued by production problems. A Tesla spokesperson …Tesla CEO Elon Musk, stressed but “optimistic,” predicts big increase in Model 3 produ
- Tesla to Halt Production of Model 3 Cars Temporarily – New York Times: Tesla plans to halt production of its Model 3 compact car on Tuesday in a bid to work out kinks that have slowed assembly of the car, a critical vehicle in the company’s business plan. It expects to idle its Model 3 assembly line for several days to …
- Gunma University to Research Fully Autonomous Driving Alongside Ryomo Systems – Japanautomotivedaily: Gunma University and Ryomo Systems Co. Ltd. (TYO:9691) recently announced that they have agreed to conduct collaborative research into hardware-in-the-loop []
- Takata Completes Transfer of Airbag Business – Japanautomotivedaily: Takata Corp., whose faulty airbags devastated its business, announced on April 12 that it has finished transferring the Takata Group”s []
- SB Drive, UnoBus Tie up on Demonstration Testing of Self-Driving Bus – Japanautomotivedaily: SoftBank Group Corp. (TYO:9984) automotive services developer SB Drive Corp. recently announced that it has reached an agreement with UnoBus, []
- Hitachi Metals to Boost Production Capacity for Automotive Electronic Materials – Japanautomotivedaily: Hitachi Metals Ltd. (TYO:5486) has announced plans to increase its production capacity for semiconductor wiring material and OLED panel material. []
- Tesla denies Model 3 production line shutdown is safety-related – FT: Tesla has denied that the latest shutdown of its Model 3 production line is related to safety fears or the need to move away from automation. A Tesla spokesperson said on Monday that the sudden halt to manufacturing of its latest vehicle is a “planned…
- Tesla Temporarily Suspending Model 3 Production – Bloomberg: Window. Color. Black, White, Red, Green, Blue, Yellow, Magenta, Cyan. Transparency. Transparent, Semi-Transparent, Opaque. Font Size. 50%, 75%, 100%, 125%, 150%, 175%, 200%, 300%, 400%. Text Edge Style. None, Raised, Depressed, Uniform, Dropshadow …
- Japan Benex, Sumitomo Corp. to power plant with Nissan EVs, batteries – Nissan-global: Japan Benex Corp. and Sumitomo Corp. will launch a “Future Plant” project using rooftop solar panels, Nissan electric vehicles and electric-vehicle batteries to power Japan Benex’s headquarters plant in Isahaya, Japan.The newly developed stationary…
- Tesla Halts Model 3 Production Again – WSJ: Tesla said Monday it is shutting down Model 3 production for about a week as part of its planned downtime. A spokesman repeated the company’s past statement that shutdowns are “used to improve automation and systematically address bottlenecks in order…
- Elon Musk’s Boring Co raises $112.5 mln in funding, most from Musk – Reuters: Elon Musk’s Boring Co said on Monday it raised $112.5 million in equity, with 90 percent coming from Musk himself, as the company seeks to build underground tunnels for its hyperloop transportation project.
- Golf Carts Cost More Than A Porsche – Bloomberg: Why are some golf carts in Hong Kong worth more than a Porsche? @anjalicordeiro explains #tictocnews https://bloom.bg/2HE2RKx (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved. Careers Made in NYC…
- Tesla Temporarily Pauses Production of the Model 3 Sedan Again – Bloomberg: Tesla Inc. is temporarily suspending production of the Model 3 sedan for the second time in roughly two months. The company announced to employees that the pause will be for four to five days, Buzzfeed reported Monday. A Tesla spokesman referred back…