- Uber doubling down on India investments after exiting Southeast Asia – Reuters: Ride-hailing giant Uber Technologies Inc is “doubling down” on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday.
- Porsche AG CEO not targeted in German emissions probe: sources – Reuters: Porsche AG’s (VOWG_p.DE) Chief Executive Oliver Blume is not the board member targeted by Stuttgart prosecutors probing an emissions cheating scandal, two sources familiar with the talks said on Wednesday. Porsche and the Stuttgart prosecutor’s office…
- Indonesia car sales fall 0.65 pct in March y/y – Reuters: Car sales in Indonesia fell 0.65 percent in March from a year earlier, according to data from Indonesia’s car association, cited by the biggest car distributor PT Astra International on Wednesday. Automakers sold 101,674 units last month, compared with…
- BMW plans different sized battery cells to preserve design of future models – Automotive News: BMW is working to make sure that fitting battery cells into future models does not force it to compromise on its design. To achieve this goal, BMW Group r&d boss Klaus Froehlich said that the battery cells the automaker will use in its future…
- The $460000 Aventador S Roadster Is a Howling Blast From Lambo’s Past – Bloomberg: I’ll lay off the sarcasm now, because let’s get real: In an era in which every premium sedan feels interchangeable and anything remotely fuel-efficient feels and looks like an appliance, Lamborghini remains exceptional. You may not like its point of…
- 2019 Volkswagen Golf Mk8: first pictures of mule show new cabin tech – Autocar: Best-selling hatch will be overhauled with autonomous tech and hybrid powertrains for its eighth generation
- BMW aims sporty X2 at young buyers – Automotive News: Connectivity: The SUV has BMW’s updated Connected Drive with Apple CarPlay support and an array of driver assistance systems. Safety technology: The X2’s Traffic Jam Assistant takes over proximity control and lane-keeping tasks from the driver at…
- German prosecutors investigate Porsche board member over emissions – Reuters: German prosecutors are investigating current and former employees of Volkswagen-owned sports car maker Porsche, including a management board member, as part of their inquiries into emissions manipulations, they said on Wednesday.
- Electric Scooters Are Giving US Cities Uber Dejà Vu – Bloomberg: The parallels to ride-hailing are irresistible. Uber constantly butted heads with officials in its hometown and practically every other city it charged into. Santa Monica, California, where Bird is based, sued the company soon after it rolled out, and…
- Tesla shares hit reverse amid missed Model 3 targets – CBS News: After skyrocketing more than 530 percent over the past five years, shares of Tesla (TSLA) have gone from overdrive to reverse in 2018. The stock price has dropped about 8 percent since January as many investors grow increasingly skeptical that CEO Elon…
- Imperial CEO Lamberti Quits After Insulting Female Colleague – Bloomberg: He’ll be responsible for completing a planned split of the company into separate autos and logistics companies, with a final decision to be made by the end of June. If the move goes ahead, he will return to his present role as CEO of what will be a…
- Strong China first-quarter GDP growth supported by construction, manufacturing, hi-tech – Reuters: China’s better-than-expected economic expansion in the first quarter was backed by a pickup in construction and industry, while a slowdown in the services and agriculture sectors dragged on growth, official data showed on Wednesday.
- Prosecutors search Porsche, probe includes Porsche board member – Reuters: Prosecutors are probing three current and former Porsche (VOWG_p.DE) managers, including a management board member, as part of an investigation into manipulating emissions, the Stuttgart Prosecutor’s office said on Wednesday. Premises in Bavaria and …
- Elon Musk raises Tesla Model 3 goal, rips inefficient contractors in internal email – Yahoo: It said that Tesla had built 2,250 cars last week – still short of Tesla’s previously stated goal of 2,500 per week by the end of Q1. It also said that the improvements from the shutdown would set the company up to build 3,000 to 4,000 per week in May…
- BRIEF-Uber Exec Says Always Open To Having Conversations With Partners In India – Reuters: * UBER EXEC SAYS COMMITTED TO LONG TERM SUSTAINABILITY OF INDIA MARKET
- Nissan, Ford, Fiat among losers as European sales fall 5% – Automotive News: Renault’s new Alpine sports car brand sold 37 vehicles in March. Toyota brand sales fell 6.3 percent while Asian rivals Kia and Hyundai gained 4.5 percent and 3.3 percent respectively. BMW brand was down 6.6 percent, faring worse than Mercedes-Benz…
- Lexus ES revealed ahead of Beijing show debut – Autocar: The new Lexus ES New saloon is due on sale in Britain at the end of this year, replacing the GS as Lexus’s BMW 5 Series rival
- Tesla could benefit from looser restrictions in China, says auto analyst – CNBC: China may make it easier for foreign electric car companies to operate in the country, and new competition could affect homegrown vehicle manufacturers. The Chinese government claimed this week that it will remove foreign ownership caps for electric…
- These Chinese Clunkers Aren’t Scrapyard Material Yet – Bloomberg: The enterprise value of Dongfeng Motor Group Co. is now higher than that of Ferrari NV, relative to its forecast blended forward 12-month Ebitda. Chongqing Changan Automobile Co., Guangzhou Automobile Group Co., SAIC Motor Corp. and FAW Car Co. are all…
- European Car Sales Weakest in Five Years – Bloomberg: https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQ6FucagIWP6qi9f-KZkaa1phM9oFFsOk3NJYlAYvpPOJTaoE4QeEm3CNF_O-ym3P8ubzF8HtwnnwEuropean Car Sales Weakest in Five Years BloombergNissan, Ford, FCA lead European car sales decline ReutersFull coverage
- Tesla Isn’t Ready to Thrive in China’s Embrace – Bloomberg: Despite accounting for about a fifth of Tesla’s revenue or around $2 billion, China merited few mentions in Chief Executive Officer Elon Musk’s earnings calls until recently. Since January last year, the U.S. company has exported around 18,000 cars to…
- Chinese Carmakers Under Pressure as Joint-Venture Caps Erased – Bloomberg: The country lifting the 50 percent cap on the stakes that foreign automakers can own of local joint ventures sends a message to the Chinese partners: take charge of your own future. That means manufacturers like SAIC Motor Corp., China’s largest by…
- China manufacturing firms plunge on foreign ownership plan – Yahoo: GAC is China’s number six car maker and it invested 1.2 billion yuan ($191 million) with a Chinese partner to develop smart new energy cars last year. The nation’s biggest carmaker SAIC Motor Corporation, partner of Volkswagen and General Motors,…
- Ford expands U.S. medical ride business built around its vans – Reuters: Ford Motor Co said on Wednesday that it was expanding a medical transport service called GoRide in Southeast Michigan, one of several efforts by the U.S. automaker to build new ride service businesses around its Transit commercial van.
- Ford will give you a ride to the doctor’s office – Freep: GoRide will take patients to appointments at Beaumont facilities around southeast Michigan.
- A Silicon Valley coding school – with no teachers – FT: Last year, some students backed out of a job application process because they didn’t want to work for the controversial ride-hailing app Uber. It is too early to tell if the teacherless method will be successful in the long term. Personal relationships…
- Chinese automakers’ shares take hits after Beijing said it will open its car market – CNBC: If the limit is removed, foreign automakers may seek greater or full control of their ventures in China – a move that would hurt their local partners, analysts at Daiwa Capital Markets wrote in a note. “We expect some near-term pressure on Brilliance,…
- Automaker ownership offer latest China trade gambit – Detroitnews: U.S. companies take wait-and-see approach amid brewing trade war
- China’s Beijing Easpring looks for more cobalt, nickel offtake deals – Reuters: China’s Beijing Easpring Material Technology Co Ltd is looking for additional nickel and cobalt offtake agreements to sustain growth in cathode materials production for electric vehicle batteries, its general manager said on Wednesday.
- Aichi Steel Provides Magnetic Markers in Tests to Push Speed Stability of Self-Driving Buses – Japanautomotivedaily: Aichi Steel Corp. (TYO:5482) has announced that it is working together with Advanced Smart Mobility Co. Ltd., the City of []
- Isuzu to Conduct Vehicle Monitoring Project for Mass Production of LNG Truck – Japanautomotivedaily: Isuzu Motors Ltd. (TYO:7202) announced on April 13 that it will lend two units of a heavy-duty truck powered by []
- Toyoda Gosei to Merge Two Chinese Auto Parts Subsidiaries – Japanautomotivedaily: Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it will combine two auto parts production subsidiaries located in Jiangsu Province, []
- Wall St reinvents equity collars as a risky money spinner – FT: When Chinese billionaire Li Shufu needed help building a nearly 10 per cent stake in German carmaker Daimler, Bank of America Merrill Lynch and Morgan Stanley had 250m reasons to say yes. That is because the banks made around $250m in upfront profits…
- The All-New ES: Transformed for the World – Toyota: The all-new ES springs from a re-imagined luxury equation. Engaging design, athletic performance, and renowned refinement transform Lexus’s most popular sedan.
- Aston Martin resurrects iconic nameplate – Autocar:
