- Southwest plane collides with pickup truck at Baltimore airport – CBS News: Southwest Airlines issued the following statement overnight: “I can confirm that Southwest Flight 6263 was pulling into the gate at Baltimore Washington International Airport when a ground vehicle came into contact with the aircraft. There are no…
- While Regulators Ponder, Uber and Grab Go Ahead With Deal – WSJ: Uber shut down its app in Singapore Monday, as the U.S. ride-hailing company and rival Grab press on with their Southeast Asia consolidation while regulators consider the impact on drivers and passengers.
- Warren Buffett: ‘I salute’ Elon Musk for trying to improve a product – CNBC: Billionaire investor Warren Buffett says he respects the efforts of Elon Musk, head of electric car maker Tesla.
- BRIEF-Buffett discusses Berkshire cash stake, Elon Musk, Amazon, US-China trade – Reuters: Buffett says does not believe u.s. Will have a trade war of significance with china Buffett says china and united states have a “common interest” in avoiding trade war Buffett says there will always be those seeking unfair trade advantages, but “the…
- Moats and candy: Here’s what Elon Musk and Warren Buffett are clashing over – CNBC: Billionaires Elon Musk and Warren Buffett engaged in a war of words over the weekend. In an earnings call last week, Tesla co-founder Musk criticized so-called “moats” but he wasn’t referring to the sort of moat you’d find around a castle. Instead, he…
- Who’s Winning the Self-Driving Car Race? – Bloomberg: The Google sibling has cleared the way to beat its nearest rivals, General Motors Co. and a couple of other players, by at least a year to introduce driverless cars to … GM plans to start a ride-hailing service with its Chevrolet Bolt-the one with no…
- BRIEF-Tesla Says We Continually Evaluate Capital Expenditure Needs & May Raise Additional Capital To Fund Growth Of Business – Reuters: * TESLA, GIVING NO TIMEFRAME, SAYS WE CONTINUALLY EVALUATE CAPITAL EXPENDITURE NEEDS & MAY RAISE ADDITIONAL CAPITAL TO FUND GROWTH OF BUSINESS – SEC FILING Source text: [
- EU states call for ambitious truck CO2 emissions targets – Reuters: France and four other European Union countries have called for ambitious CO2 emissions reduction targets for trucks, ahead of a … The auto industry has said it would welcome the introduction of CO2 standards for trucks and that a realistic ambition…
- BRIEF-Geely Automobile Holdings Posts Total Sales Volume For April At 128817 Units, Up 49 Pct – Reuters: Geely Automobile Holdings Ltd: * APRIL TOTAL SALES VOLUME 128,817 UNITS, UP 49%. * GROUP’S EXPORTS VOLUME WAS UP AROUND 187 PERCENT YEAR-ON-YEAR TO 1,860 UNITS IN MONTH OF APRIL 2018 Source text for Eikon: Further company coverage:.
- BRIEF-SAIC Motor Sells More Vehicles In April, Jan-April – Reuters: SAIC Motor Corp Ltd: * SAYS IT SOLD 569,110 VEHICLES IN APRIL VERSUS 501,337 VEHICLES YEAR AGO. * SAYS IT SOLD 2,391,530 VEHICLES IN JAN-APRIL, UP 10.9 PERCENT Y/Y Source text in Chinese: bit.ly/2wggpd7 Further company coverage: (Reporting by Hong Kong …
- VW CEO Given Rare US Safe-Passage Deal – Bloomberg: As CEO, one of his primary tasks will be hopping around the globe to represent the automaker at major events such as car shows, plant openings and new model releases. The deal was approved after the former CEO, Martin Winterkorn, who won’t enjoy the…
- VW CEO Diess supports alliance build battery cells for EVs in Europe – Automotive News: This is double the figure that Diess’s predecessor Matthias Mueller gave in March during the presentation of the VW Group’s annual results. “These figures clearly indicate we need to reopen an intensive dialog on building up battery cell capacity in…
- Nestle to pay $7.15 billion to Starbucks to jump-start coffee business – Reuters: Swiss-based food giant Nestle will pay Starbucks $7.15 billion (5.3 billion pounds) in cash for the rights to sell the U.S. coffee chain’s products around the world in a global alliance aimed at reinvigorating their coffee empires.
- Volkswagen equips petrol cars with particulate filter technology – Autocar: Diesels have long used pollution-negating filters, but now petrols are getting them too Volkswagen is introducing gasoline particulate filters (GPFs) to its petrol cars as part of wider plans to improve emissions across its whole range – and it…
- Indian hypercar, Italian flair – Automotive News: Attempts to get into the rarefied hypercar space are not all that rare. But there is something original about a new Indian-Italian effort to crack into the world of Ferrari and Lamborghini. What makes it special? It’s a volume brand taking an…
- Neumann turns up where they all do: An EV startup in US – Automotive News: In April, Evelozcity announced that former Opel CEO Karl-Thomas Neumann will join the U.S. EV company. Neumann, who is reported to be investing in the startup, left Opel last year after General Motors sold the German automaker to PSA Group. At…
- Ingenlath to speak at Europe congress – Automotive News: Thomas Ingenlath, CEO of Polestar, Volvo’s spinoff performance electrification brand, will be among the speakers at the Automotive News Europe Congress in Turin, Italy, on June 6. Ingenlath was appointed to lead Polestar in June 2017, and he also is…
- Canada’s growing EV market dogged by product shortage – Automotive News: The report claimed the city encountered problems expanding its own EV fleet recently because, it said, cars were being diverted to U.S. states with zero-emission vehicle (ZEV) mandates, essentially legislated sales quotas. Quebec implemented its own…
- Battle is brewing for truck supremacy in Canada – Automotive News: A flurry of new and redesigned full-size pickups entering the Canadian market, combined with more midsize trucks and offerings from Japan-based automakers, will widen the battlefront for market share in one of the industry’s hottest, most profitable…
- Industry has learned the lessons of DaimlerChrysler failure – Automotive News: Companies with utterly different national and corporate cultures can thrive together, as shown by the success of Renault and Nissan, Geely and Volvo, Tata and Jaguar Land Rover, and Fiat and Chrysler. In each of those examples, however, a key…
- Can Hyundai dealers believe in Genesis? – Automotive News: While Tesla clambers its way out of manufacturing hell, Genesis is paddling through retail limbo. Last week, Automotive News documented the long, twisting trail of indecision and mixed messages that left hundreds of Hyundai dealers frustrated about…
- Lexus’ workmanlike ES gets image makeover – Automotive News: The Lexus ES has always played second fiddle to the LS sedan. When they were introduced nearly 30 years ago, one was hailed as a bold new flagship to take on the Germans. The other was a dressed-up Toyota Camry. Since then, the bland ES has dutifully…
- Aston’s off-roader – Automotive News: Aston Martin and partner Triton Submarines said they have finished design work on their Project Neptune, a hypercarlike extension of Triton’s line of submersibles that can dive to about 1,600 feet and travel underwater at speeds above 5 knots. “We have…
- Automotive News Europe names the 2018 Rising Stars winners – Automotive News: Volvo Switzerland – General Management. Mikael Moeslund – Loyalty Factory – IT. Mohamed Chakib – IAC Group – Manufacturing. Monika Gutenschwager – Adient – Manufacturing. Niclas Pfueller – Brose – Manufacturing. Artur Martins – Kia Europe -…
- Ford turns to start-up teams to develop new businesses – Detroitnews: GoRide, a medical transportation service with Beaumont, is latest Ford venture into new ways of moving people and things
- Tesla Earning Call Gives Timeline for Model Y – Yahoo: “We’re going to go to YouTube,” he said instead, referencing a question coming from a Tesla-focused channel on the video platform. “Sorry. These questions are so dry-they’re killing me.” Musk also revealed that the Model Y, Tesla’s yet-to-be-revealed …
- Toyota Connected Establishes Base in London – Japanautomotivedaily: Toyota Motor Corp. (TYO:7203) announced on April 26 its establishment of Toyota Connected Europe (TCEU) in London. The new venture []
- Toyota to Invest $170M Into Upgraded Production Lines at Mississippi Plant – Japanautomotivedaily: Toyota Motor Corp. (TYO:7203) announced on April 26 that it will invest $170 million into its U.S. plant in Blue []
- Mazda Makes Moves Toward Increased SUV Production – Part 1: Goals and Approaches – Japanautomotivedaily: Mazda Motor Corp. (TYO:7261) has been making moves of late to enhance its SUV production numbers. For fiscal 2018, the []
- Denso Targets 30% Global Share in Electromotive Systems – Japanautomotivedaily: Denso Corp. (TYO:6902) has set out an aim of obtaining a 30 percent share of the global market for motorized []
- SoftBank Unveils EV Able to Transform Into Bipedal Robot – Japanautomotivedaily: SoftBank Group Corp. (TYO:9984) subsidiary Asratec Corp. recently showcased the J-deite Ride, a humanoid robot prototype codeveloped alongside several other []
- Musk’s YouTube Nerd Taunts Wall Street After Wild Tesla Call – Bloomberg: The time that Tesla’s chairman and chief executive officer spent with the young man did irk some of the regulars who were, after all, posing legitimate questions about Tesla, which hasn’t earned an annual profit in its 15-year history. Musk dismissed …
- Hyundai, Kia on track to achieve 2018 sales target – Yonhap: Hyundai Motor Co. and its affiliate Kia Motors Corp. are on track to achieve their sales target of 7.55 million vehicles this year as they are expected to post nearly 10 percent on-year sales growth in the second quarter, company officials said Monday….