Morning news are back in service ….
- Slashed Chinese car tariff rates would be major boost for British exports – Autocar: Demand for British models such as the Jaguar XFL could surge if Chinese import tariffs are reduced World”s biggest new car market looks set to slash import costs; UK industry could be one of the biggest beneficiaries
- Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln – Reuters: Auto parts maker Tenneco Inc said on Tuesday it would buy Federal-Mogul, a maker of powertrain components, from Icahn Enterprises LP for $5.4 billion.
- Uber loses EU court case in fight against French criminal charges – Reuters: France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber [UBER.UL] for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon Valley start-up another legal setback.
- New Ford Focus unveiled overseas, made in China, Germany – Freep: Ford spotlights its popular passenger car while pivoting the company to SUVs and F-Series pickup trucks.
- Ford redesigns the Focus for a global market – Detroitnews: The all-new Ford Focus goes on sale in Europe and China later this year, and hits the U.S. in 2019
- Insight: Ford’s future in urban mobility – Autocar: New tech will make the Focus Ford”s most advanced car in Europe From driverless cars to ride sharing and parcel delivery, Ford is looking far beyond simply making cars. Here’s why
- Opinion: Why driver appeal matters for the new Ford Focus – Autocar: The Focus is up to 88kg lighter than it was but 20% stiffer overall The new Focus is stylish and comes well-equipped – but it’s how it handles that will define it
- India’s passenger vehicle sales to grow in high-single digits this fiscal – Nikkei:
- Lamborghini Aventador SV J due this year with power boost and more extreme aero – Autocar: Italian car maker is developing a new version of its hardcore V12 supercar; new pictures show how it”ll look
- Germany May Inflict More Diesel Pain on Carmakers – Bloomberg: Consumers turning away from diesel, to-date mostly in favor of gasoline cars, is also making it harder for manufacturers to comply with tightening European Union regulation amid uncertain uptake of battery and plug-in hybrid vehicles. Pollution from…
- Ford to launch five new, redesigned car models in China in 2018 – Reuters: Ford Motor Co, struggling to revive sales in China, on Tuesday unveiled five new models for the world’s biggest auto market, part of a business revitalization effort centered around a plan to launch over 50 new or redesigned vehicles by 2025.
- Germany ready to support electric car battery makers, says minister – Reuters: The German government is ready to offer support to the makers of batteries for electric vehicles, Economy Minister Peter Altmaier said on Tuesday, saying one possibility might be to exempt them from some energy levies.
- Autos drive European shares higher after Xi pledges tariff cut – Reuters: European shares rose on Tuesday, led higher by gains among automakers after Chinese President Xi Jinping promised a considerable reduction in auto import tariffs this year.
- France can bring criminal case against Uber for running an illegal taxi service, EU’s top court says – CNBC: The case concerned Uber’s use of unlicensed drivers as part of its UberPOP service in France, which has since been suspended.
- Uber loses EU case against French criminal charges – Reuters: France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon Valley start-up another legal setback.
- Xi’s Warmed-Up Trade Leftovers – Bloomberg: Cost aside, China is becoming a bigger priority for U.S. automakers’ earnings. To operate in the world’s largest car market and reap the juicy margins that aren’t on offer elsewhere, they’ll have to dance to Beijing’s tune. Already, firms are beginning…
- Uber’s rough ride in Europe gets rockier – FT: Uber is back under the scrutiny of the EU’s highest court. Luxembourg judges will deliver on Tuesday morning a key ruling on whether the ride-hailing app – which has come under fire in Europe in the past year – should lose some of its protections from…
- Nikkei climbs to near 1-month high after Xi’s speech lifts mood, automakers – Reuters: Japanese stocks rose to a near one-month high on Tuesday, led by automakers after Chinese President Xi Jinping promised to lower import tariffs on products including cars, indirectly addressing some of the U.S. concerns that have sparked a trade row…
- Automakers rev up Thai battery plants as electric takes off – Nikkei:
- Autocar confidential: Lagonda on being a start-up, Mercedes-Benz A-Class sales & more – Autocar: The recently revealed Mercedes-Benz A-Class Our reporters empty their notebooks to round up this week’s gossip from across the automotive industry
- Asian equities rise after Xi speech eases trade war fears – Nikkei: Chinese automakers Geely Automobile Holdings and Great Wall Motor added 3.4% and 0.9%, respectively, by the noon break. The safe haven Japanese yen fell 0.3% against the U.S. dollar in an indication that risk appetite was improving. Equity benchmarks…
- Kia Ceed shooting brake and crossover due with “sporty” characters – Autocar: The Ceed crossover will be most closely related to the Sportswagen Final models of latest Ceed range will follow the hatch and estate by mid-2019
- Chevrolet”s Silverado HD getting redesign for 2020 – Detroitnews: Chevrolet offers a sneak-peek of its redesigned Silverado HD, to debut next year as a 2020 model
- BMW, Toyota Get Reprieve in Crosshairs of US-China Trade Spat – Bloomberg: High-end autos, in particular, will feel the effects of a tariff cut, as less of their production has moved locally. Toyota’s Lexus, in particular, stands to benefit as the only premium marque that doesn’t manufacture in China or hasn’t announced plans…
- Analyst View: China’s Xi promises to open economy, lower tariffs – Reuters: Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on … This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other products, Xi…
- Japan’s Nikkei soars after Xi’s speech bolsters risk appetite – Reuters: Japan’s Nikkei share average surged in late morning trade on Tuesday, as automakers rose after Chinese President Xi Jinping promised to lower import tariffs on products including cars this year.
- Primearth EV Energy to Boost Battery Production in China – Japanautomotivedaily: Primearth EV Energy Co. Ltd. announced on April 4 that it will increase the production capacity of Corun PEVE Automotive []
- Lithium groups follow the stops and starts of Tesla – FT: Lithium miners and the electric-battery makers that use the metal were already having a tricky year because of concerns about excess supply. Then a swoon in Tesla shares added a further tailwind. Shares in Tesla, the US electric-car maker run by Elon…
- China’s Xi promises to lower tariffs this year, open economy further – Reuters: Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products … This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other…
- Toyota’s Electric Push Spurs Yamaha’s Rush to Develop Hybrid Engines – Bloomberg: Yamaha needs to be able to provide those engines more quickly, at a lower cost, and to a higher level of quality than Toyota can do in-house if it’s going to remain as a supplier, Yoshihiro Hidaka, Yamaha’s new chief executive officer, said in an…
- US transportation safety agency chairman and Tesla’s Elon Musk discuss fatal ‘autopilot’ Tesla crash – CNBC: NTSB’s chairman and Elon Musk had a discussion on the fatal crash involving a Tesla vehicle in Autopilot mode.
- New details on Jaguar J-Pace emerge – Autocar:
- Stocks jump as Xi calms jitters over US-China trade row – Reuters: Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T), which have operations in China, rallied 2 percent and 3 percent, respectively. Hopes that the trade dispute between the world’s two-largest economies may be resolved without greater damage to the…
- NTSB chairman, Tesla CEO talk after fatal ‘Autopilot’ crash – Reuters – Reuters: The chairman of the National Transportation Safety Board and Tesla Inc Chief Executive Elon Musk had a “constructive conversation” on the agency’s probe into a fatal crash involving a Tesla vehicle that was operating in semi-autonomous Autopilot mode …
- Uber’s Indonesia exit sets off driver hunt by Grab and Go-Jek – Nikkei: