- Goodyear tires may have caused 95 deaths or injuries – Detroitnews: Last year, NHTSA began investigating whether Goodyear”s G159 tires are unsafe
- Fiat Chrysler prepares to part with Magneti Marelli – Reuters: Fiat Chrysler said on Thursday its board had tasked management to proceed with spinning off Magneti Marelli and distributing shares in a new holding for 99-year old parts business to FCA investors.
- A major disconnect between Tesla shares and bonds is signaling problems for the stock, says market watcher – CNBC: ‘s …
- Calif. dealer won’t sell some Priuses, citing safety concerns – CBS News: A Toyota dealer in California is refusing to sell certain models of the popular Prius over a potential safety issue. The automaker began voluntarily recalling hundreds of thousands of Prius hybrids in 2014 and 2015 because some cars would lose power…
- Spotify and Tesla show growth is still winning over profit – FT: The last time the stock market showed this much enthusiasm for a handful of tech companies addicted to profitless growth, it was the height of the dotcom boom. In the first quarter of this year, chronic money-loser Netflix contributed 7.5 per cent to…
- German carmakers caught in crossfire of U.S.-China trade row – Reuters: German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington’s growing trade tensions with China.
- BRIEF-Wabco Holdings Extends Strategic Cooperation Agreement With Sinotruk?? – Reuters: * ?WABCO EXTENDS STRATEGIC COOPERATION AGREEMENT WITH SINOTRUK, A LEADING COMMERCIAL VEHICLE MANUFACTURER IN CHINA?
- 2019 Renault Clio: new pictures show Megane design influence – Autocar: Renault has begun testing its fifth-generation Clio with its own bodywork Electrification and Level 2 autonomous technology will be offered on Renault’s next-generation Ford Fiesta rival
- Peugeot parent PSA to launch electric vehicles unit – FT: Peugeot owner PSA is creating a new business unit dedicated to electric vehicles as it gears up to offer all of its models with an electric option by 2025. The new business unit “will be responsible for defining and deploying the group’s electric…
- China clears EV battery leader for $2bn stock market debut – Nikkei:
- Sales of new cars in UK slump in March – Guardian: The most popular car in 2018 so far is the Ford Fiesta, followed by the Volkswagen Golf and the Nissan Qashqai. Hawes said despite the persistent run of falling call sales over the past year, the market was relatively strong, with last month’s market…
- Hyundai has no reason to overreact to Elliott’s demands; regulator – Yonhap: The chief of South Korea’s financial regulator on Thursday said he views Elliott Advisors Ltd.’s demands for more efforts to improve corporate governance at Hyundai Motor Group differently from Elliott’s intervention in the merger of two Samsung Group…
- If There’s a US-China Trade War, China May Have Some ‘Unconventional Weapons’ – New York Times: Regional governments might send safety inspectors to plants of American companies so often as to disrupt production. There are more public options, too. For example, in 2013, Chinese state media accused Jaguar Land Rover and Audi of overcharging buyers…
- China regulator approves battery giant CATL’s $2 billion IPO: Xinhua – Reuters: The Ningde-based CATL is a supplier to domestic carmakers like SAIC Motor Corp Ltd (600104.SS) and Geely Automobile Holdings Ltd (0175.HK) and has agreements with international automakers like BMW (BMWG.DE) and Volkswagen (VOWG_p.DE). China, struggling…
- Daimler Signals It’s Open to Work With Billionaire Li Shufu in China – Bloomberg: In our future discussions of the automobile business in China, we will be able to include our largest shareholder,” Chief Executive Officer Dieter Zetsche said Thursday in a prepared speech at the Mercedes-Benz parent company’s shareholder meeting in…
- UK diesel sales slump by more than a third in key selling month March – Reuters: Demand for new diesel cars in Britain nosedived by more than a third in March, generally the top selling month of the year, pushing down total registrations by 15.7 percent, in a further blow to the segment which faces levies and bans worldwide. Sales…
- China regulator approves battery giant CATL’s $2 bln IPO – Xinhua – Reuters: The Ningde-based CATL is a supplier to domestic carmakers like SAIC Motor Corp Ltd and Geely Automobile Holdings Ltd and has agreements with international automakers like BMW and Volkswagen. China, struggling with alarming pollution levels in major…
- Uber to suspend service in Greece after new legislation – Reuters: Uber, which operates a licensed service in the Greek capital, has faced opposition from local taxi drivers who accuse it of taking their business. New local regulations were voted on recently with provisions that impact ride-sharing services, Uber said…
- Slump in diesel demand continues to hit UK new car market – Autocar: Car demand continues to decline in the UK New car market shrank by nearly 16% in March, as concerns over diesel engines hurt demand
- PSA will decide on future of UK Astra plant in 2020 – Automotive News: PSA needed to decide now on van production because the Vauxhall/Opel Vivaro was due to be replaced. However, CEO Carlos Tavares said the automaker could wait until 2020 to make a decision regarding car production at Ellesmere Port, where he said the…
- BMW, Mercedes caught in US-China trade tussle – Automotive News: China’s threat to retaliate against U.S. tariffs by imposing an additional 25 percent fee on American car imports would have a bigger impact on Germany’s Daimler and BMW than on Detroit automakers, according to analysts at Evercore ISI. “This is…
- Bangle’s quest to ban banality – Automotive News: When asked for examples of cars that define what he means when speaking about breaking away from having a brand DNA he provided two: the original Ford Mustang and the Nissan Juke. “There was no guy in Ford saying, ‘We are going to take the Ford DNA and…
- S.Korea declares industrial crisis in city where GM factory is closing – Reuters: South Korea has designated the city of Gunsan an ‘industrial crisis zone’, expanding its support for the area following plans by General Motors to shut down a plant as well as the closure of a shipyard last year. The new designation provides broader…
- South Korea declares industrial crisis in city where GM factory is closing – Reuters: South Korea has designated the city of Gunsan an ‘industrial crisis zone’, expanding its support for the area following plans by General Motors (GM.N) to shut …
- Lexus reveals updated LS 500 flagship sedan – Autocar: Lexus Safety System+ is included which features a pre-crash system with autonomous emergency braking and pedestrian detection, two-stage adaptive high beam headlamps, lane departure alert and all-speed dynamic radar cruise control with lane keep…
- Government Outlines Priorities for Upcoming Laws on Self-Driving Cars – Japanautomotivedaily: The Japanese government issued an outline on March 30 for a proposed general system of regulations on self-driving vehicles. This []
- Japan’s Road Transport Bureau Responds to Self-Driving Uber Accident in US – Japanautomotivedaily: Tetsuya Okuda, director general of the Ministry of Land, Infrastructure, Transport and Tourism”s (MLIT) Road Transport Bureau, has spoken in []
- UD Trucks Names New President for October Induction – Japanautomotivedaily: UD Trucks Corp. announced on April 2 that Senior VP Takamitsu Sakamaki, 62, will be stepping into the role of []
- Isuzu to Turn Chinese Engine JV Into Group Company – Japanautomotivedaily: Isuzu Motors Ltd. (TYO:7202) announced on March 30 plans to integrate a pair of joint ventures involved in the manufacture []
- Imported vehicle sales jump 20 pct in March on demand for German cars – Yonhap: As Audi Volkswagen Korea has recently resumed sales of their models, KAIDA expects registrations of imported cars to grow to 256,000 units this year, up 9 percent from 233,088 units sold in 2017. The company was at the center of a scandal over…
- Car Makers Step Back From Cars – WSJ: American auto makers are embarking on a historic shift away from passenger cars, as more-profitable sport-utility vehicles and pickup trucks continue to expand their share of the market.