- Tesla Is Now Facing 4 Active US Government Crash Investigations After Another Fatal Collision – Fortune: The National Transportation Safety Board (NTSB) has launched its fourth active investigation into a crash involving a Tesla, this time looking into a fatal incident on Tuesday where a Model S left the road and crashed into a concrete wall. The agency’s…
- Canadian auto parts maker Magna raises 2018 profit, sales forecasts – Reuters: (Adds details on forecast, results). May 10 (Reuters) – Canadian auto parts maker Magna International Inc raised its full-year sales and profit forecasts …
- India passenger vehicle sales grow at faster-than-expected pace in April – Nikkei:
- Autopilot was not engaged during Florida Model S crash -Tesla – Reuters: Tesla Inc’s autopilot system was unlikely to have been a factor in a Florida car crash this week which killed two teenagers, the …
- Hyundai Mobis CEO opposes Elliott’s proposal on holding firm: Maeil – Reuters: The head of auto parts maker Hyundai Mobis Co Ltd has rejected calls from a U.S. activist fund for the Hyundai Motor Group to set …
- Rolls-Royce Debuts Its First SUV, the $325000 Cullinan – Bloomberg: [So] we envisioned an authentic, three-box, all-terrain, high-bodied car with a convention-challenging design and absolute capability that would satisfy …
- Why Ford’s Big China Wager Is Faltering – WSJ:
- Canada’s Magna International profit jumps 14.3 pct – Reuters: Canadian auto parts maker Magna International Inc posted a 14.3 percent rise in first-quarter profit on Thursday, helped by higher …
- Rolls-Royce boss Torsten Muller-Otvos on the new Cullinan – Autocar: We’ve spoken to the chief executive officer of Rolls-Royce about his new baby The hotly anticipated Cullinan is finally here, so we’ve caught up with the boss of the brand, Torsten Müller-Otvos, to gauge what impact it’s likely to have on his company….
- Rolls-Royce Cullinan revealed: exclusive pictures of luxury SUV – Autocar: Just three years after the luxury brand unveiled its plans to build an SUV, it has revealed the £250,000 Cullinan Rolls-Royce has revealed its all-new Cullinan with intentions of overtaking the Range Rover and Bentley Bentayga to become the new king…
- Volkswagen reveals 286bhp Golf GTI TCR – Autocar: To celebrate its participation in the TCR championship, VW has revealed a TCR variant of the Golf GTI Volkswagen has previewed a brawny 286bhp version of the seventh-generation Golf GTI with the unveiling of the TCR Concept at the annual Wörthersee…
- Japan’s Panasonic says it could make batteries with Tesla in China – Reuters: Panasonic Corp could jointly produce batteries with U.S. electric vehicle (EV) maker Tesla Inc in China, as the Japanese …
- Outside director at Japan auto parts maker faces insider trading probe – Nikkei:
- SpaceX’s Latest Upgrade Aims to Make Rockets Even More Reusable – Bloomberg: But Thursday’s launch will mark the debut of a slightly different rocket, called Falcon 9 Block 5, that SpaceX has crafted to more quickly send an …
- BRIEF-China Automotive Systems says Q1 Sales Rose 12.3 Pct To $134 Mln – Reuters: * CHINA AUTOMOTIVE SYSTEMS REPORTS 2018 FIRST QUARTER RESULTS
- GM monitors Tech Center, Milford Proving Grounds with ‘eye in the sky’ – Freep: General Motors now has a drone to help it look for heat and cooling losses and potential problems at its GM Tech Center and Milford Proving Ground.
- Daimler leads new investors in SoftBank’s $100bn Vision Fund – FT:
- Japan’s Suzuki Motor ramps up R&D spend to defend India dominance – Reuters: Suzuki Motor Corp on Thursday said it would earmark record investment this year for research and development into technologies such as electric vehicles (EVs) as it defends it dominance in its biggest market, India.
- SpaceX set to launch new rocket primed for future crewed missions – Reuters: An updated version of the SpaceX Falcon 9 rocket, tailored for eventual crewed missions into orbit, was set for its …
- Why Ford Has Stopped Production of America’s Best-Selling Pickup – Fortune: If you were preparing to get your hands on a new Ford F-150 pickup truck, you may have to wait. The F-150, a top seller for Ford and one of the …
- It’s Not Just Hybrids: Pickup Trucks and Sedans Have Gotten More Efficient, Too – New York Times: Toyota has increased fuel economy in the Camry, its best-selling sedan in the United States, through a multitude of engine improvements, such as more precisely controlling the timing of engine valves with electric motors. These strategies can add to…
- BRIEF-Panasonic CEO Says Could Jointly Produce EV Batteries With Tesla In China – Reuters: * PANASONIC CEO SAYS COULD JOINTLY PRODUCE EV BATTERIES WITH TESLA IN CHINA Further company coverage: (Reporting By Makiko Yamazaki)
- Panasonic sees 12 percent profit increase, driven by EV battery sales – Reuters: Japanese electronics conglomerate Panasonic Corp said on Thursday it expects operating profit to increase 11.7 percent in the year through March 2018 as sales of automotive batteries expand.
- Japan’s Panasonic sees 12 percent profit increase, driven by EV battery sales – Reuters: Japanese electronics conglomerate Panasonic Corp said on Thursday it expects operating profit to increase 11.7 percent in the year through March 2018 as sales of automotive batteries expand.
- This Scooter-Sharing Company Wants to Fill the Streets with Transit Pods – Bloomberg: Cities need pods because traditional cars are overkill for the bulk of urban … In the early 2000s, Ford made a line of similar vehicles it called TH!NK.
- BRIEF-Suzuki Motor Chairman Says Increased Research And Development Spending Will Focus … – Reuters: BRIEF-Suzuki Motor Chairman Says Increased Research And Development Spending Will Focus On Electric Cars Including Hybrids, Self-Driving …
- Chevron’s Gorgon LNG faces scrutiny on delay in $1.9 bln carbon capture project – Reuters: The state of Western Australia has ordered an inquiry into a delay in burying carbon dioxide emissions at Chevron Corp’s Gorgon liquefied natural gas (LNG) project, which could lead to a change in conditions on the project.
- GM agrees to stake lock-in, make S.Korea regional HQ in rescue deal for unit – Reuters: * GM can’t sell any stake in unit for 5 yrs, can’t exit for another 5
- Uber expands into Spanish tourist hotspot – Reuters: Uber is expanding further into Spain by launching a multi-city ride-hailing service across the Costa del Sol beach …
- Premium automakers add drivetrains, body styles to stabilize midsize sales – Automotive News: Volvo has switched its new midsize model to the brand’s scalable product architecture (SPA) and later this year will show the S60 sedan version.
- Uber reveals plans for flying taxi-service by 2023 – FT: Elon Musk, the Tesla and SpaceX founder, is among the doubters that flying cars can ever take off. Dara Khosrowshahi, who was appointed as Uber’s …
- GM’s commitment to South Korea is long-term and sincere, says GM executive – Reuters: General Motors (GM.N) executive Barry Engle said on Thursday that the automaker’s commitment to South Korea is long-term and sincere, after South Korea announced details of a new deal with the automaker.
- GM to establish Asia-Pacific HQ in South Korea – FT: General Motors will set up its Asia-Pacific headquarters in South Korea in a show of its long-term commitment to stay in the country after state-run Korea Development Bank offered $750m as part of a $4.35bn cash lifeline to GM’s struggling unit in the…
- GM can’t sell stake in South Korea unit over next five years under rescue deal: South Korea – Reuters: General Motors (GM.N) can’t sell any of its 77 percent stake in its troubled South Korean unit over the next five years and has to keep its holding at over 35 percent between 2023 and 2028, South Korea said on Thursday, unveiling details of a new deal…
- South Korea, GM agree to inject $4.35 billion to Korean unit – Washington Post: South Korea says it has reached an agreement with General Motors to inject $4.35 billion in funding to keep the loss-making Korean unit afloat. The government said Thursday the American automaker also agreed to limit its right to sell shares or assets…
- General Motors patrols Tech Center with drone – Freep: GM is using a drone at the company’s Tech Center in Warren to look for inefficiencies in order to save money and help the company respond to problems quickly. For instance, the specially built drone can use infrared thermography to help operators spot…
- Driven to distraction by smartphones, other devices – Detroitnews: Amazon wants to put Alexa in the car seat next to you
- Tesla”s head designer: ‘Less is more” – Detroitnews: Tesla designer says the Model S had to be ‘beautiful and alluring, like a moth attracted to a flame”
- Ford to temporarily suspend F-150 truck production – CBS News: Ford will temporarily halt production of the F-150 truck, the U.S.’s best-selling vehicle, due to the May 2 fire at a supplier’s facility. The company said it has an 84-day supply of vehicles in its inventory, so customers “will not have problems…
- Payne: Bargain Mitsubishi Outlander Sport has size, pep – Detroitnews: Road test: It”s affordable and surprisingly roomy, but Mitsubishi”s Outlander is showing its age
- GM to locate new Asia-Pacific headquarters in South Korea: government – Reuters: General Motors (GM.N) has agreed to set up its Asia-Pacific headquarters in South Korea, in a further commitment by the U.S. …
- Toyota Aims for Next-Level Customer Service Through New Online Tool – Japanautomotivedaily: Toyota Motor Corp. (TYO:7203) is pursuing the use of digital marketing with its dealerships in Japan. The automaker has developed []
- Toyota to Open Major Test Facility for Autonomous Driving in US – Japanautomotivedaily: Toyota Motor Corp. (TYO:7203) U.S. subsidiary Toyota Research Institute Inc. (TRI) recently announced plans to establish a new test course []
- Honda debuts a refreshed Jazz – Autocar:
- Mitsubishi Motors Begins Exports of Indonesian-Assembled Xpander MPV – Japanautomotivedaily: Mitsubishi Motors Corp. (TYO:7211) recently announced that it has started exports of its Indonesian-assembled Xpander crossover. The automaker has begun []
- 2019 Vauxhall Corsa ‘won’t be compromised’ despite ditching GM architecture – Autocar: This development mule for the next Corsa was spotted before PSA took over Vauxhall A late switch from GM to PSA underpinnings has slashed the next Corsa’s development time The new Vauxhall Corsa “will not be compromised in any way” despite being…
- Waymo forecast to capture 60% of driverless market – FT: Waymo will own 60 per cent of the global self-driving taxi market by 2030, a level of dominance that forces many of the world’s carmakers to adopt its technology or become obsolete, a report predicts. Investment bank UBS estimated global revenues from…
- Nikkei edges up as risk appetite recovers on Wall St gains; Toyota extends rally – Reuters: Mitsubishi Motors Corp jumped 10 percent after it said operating profit was expected to rise 12 percent in the current financial year, driven by higher vehicle sales in Asia. Isetan Mitsukoshi Holdings soared 9.3 percent after the department store…
- Hyundai Mobis hires ex-Continental expert on infotainment, connectivity – Yonhap: South Korea’s top auto parts maker Hyundai Mobis Co. said Thursday that it has hired a former software expert of German automotive technology firm Continental in the latest move to strengthen its infotainment and connectivity competitiveness. Carsten…
- Uber Plans to Test Food Delivery by Drone in Under 30 Minutes – Bloomberg: Hamburgers via drone was among a range of topics that Khosrowshahi touched on during the interview at the company’s flying car conference, Uber Elevate. While the CEO said he’d joined Uber last year as a skeptic of the flying car program, he eventually…
- Throwback Thursday 1990: Skoda Favorit vs Lada Samara vs Yugo Sana – Autocar: We tested three ‘cheaps from the old Bloc’ in November 1990 The old communist Eastern Bloc was falling apart. Would the super-budget superminis produced by its members do the same? Europe was changing. We’d experienced the revolutionary Autumn of…
- U.S. Safety Investigators Examine Another Fatal Tesla Crash – WSJ: A transportation-safety agency said it would begin examining the fiery crash of a Tesla Model S car that killed two teenagers in Florida on Tuesday, marking the fourth active federal probe involving the company”s vehicles.