- SoftBank Vision Fund to invest $2.25 billion in GM Cruise – Reuters: General Motors Co said on Thursday that Japan’s SoftBank Group Corp will invest $2.25 billion through its Vision Fund in GM Cruise Holdings LLC, the carmaker’s autonomous vehicle technology.
- Tesla Denies Autopilot Feature Engaged in Brussels Car Crash – Bloomberg: Tesla Inc. denied reports that one of its Model S vehicles drove off by itself and crashed into cars in Brussels this week, saying a driver was in control …
- General Motors shares soar as SoftBank invests $2.25 billion in automaker’s self-driving vehicles – CNBC: SoftBank Vision Fund plans to invest $2.25 billion in GM Cruise Holdings, boosting GM’s autonomous vehicle efforts.
- Toyota GT86 Club Series Blue Edition launched – Autocar: Exclusive electric blue paint marks special edition out from ordinary GT86s Toyota has revealed the GT86 Club Series Blue Edition as the latest in a line of special versions of its Mazda MX-5-rivalling sports car. The GT86 Club Series Blue Edition is…
- Hamburg to maintain diesel bans until Berlin enforces retrofits – Reuters: Hamburg, Germany’s second largest city with a population of some 1.8 million, will uphold a ban on older diesel cars …
- Johnson Matthey to produce new battery material in 2021-22 – Reuters: Chemicals group Johnson Matthey (JMAT. … for its technology to curb emissions from diesel and gasoline vehicles, but said in …
- German carmakers hit by report Trump threatens to drive them off U.S. streets – Reuters: A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York’s Fifth Avenue dented shares in the luxury car manufacturers on Thursday.
- Toyota RAV4 diesel production axed – Autocar: Japanese brand continues to remove oil-burning models from line-up The diesel version of the Toyota RAV4 has become the latest victim of the brand”s commitment to remove oil-burning models from its line-up. As part of its pledge to focus on petrol and…
- Trump considering 25% tax on US car imports – Autocar: Cars imported to the US could be slapped with raised import tariffs Reports suggest overseas car makers could be charged as much as 25% import tax; European premium brands could be hit US President Donald Trump has revealed to French President…
- Trump Tariff Blow Would Go Beyond Sending BMW Sedans to $60000 – Bloomberg: Take some of the cheaper sedans Ursomarso sells at Union Park BMW in Wilmington, Delaware, for example. A 25 percent levy would send some 3 …
- Sweden’s Autoliv reports record orders for Veoneer before spin-off – Reuters: Autoliv (ALIVsdb. … market focused on self-driving cars and active safety products such as radars, vision systems, advanced …
- McLaren picks up keys to new carbonfibre manufacturing centre in Sheffield – Autocar: New McLaren Senna and MP4/5 F1 car in McLaren Composites Technology Centre British brand to build carbonfibre tubs for road cars at new facility in South Yorkshire McLaren”s new £50 million carbonfibre manufacturing centre in South Yorkshire moved a…
- Jaguar Land Rover steers toward hands-free off-roading with robo-SUVs – Automotive News: A Range Rover Sport PHEV climbs the 999-step staircase to Heaven’s Gate in China. JLR wants autonomous driving to be able to tackle such off-road …
- Does FCA’s Bailey want the Bank of England’s top job? No comment – Reuters: The chief of Britain’s financial regulator Andrew Bailey on Thursday declined to comment as to whether he was interested in succeeding Mark Carney as the Bank of England governor, saying he had a big job to do already.
- Trump wants to push German carmakers out of U.S. – German magazine – Reuters: German magazine Wirtschaftswoche said U.S. President Donald Trump aimed to push German carmakers out of the United States, and that he told French President Emmanuel Macron he wanted to stop Mercedes-Benz from cruising through New York.
- Analysis: the challenges facing Jaguar Land Rover – Autocar: After several years of impressive growth, a recent sales downturn shows the hurdles facing JLR The decision last month to lay off 1000 contract staff out of a total 40,000 workforce may be a disaster for those affected but, on the face of it, it does…
- Explainer: What is China’s A-share MSCI inclusion on June 1? – Reuters: The firms are predominantly blue chips such as SAIC Motor Corp and liquor … That means when Chinese shares are added to the index, money that …
- What is China’s A-share MSCI inclusion on June 1? – Reuters: The firms are predominantly blue chips such as SAIC Motor Corp (600104. … Late on Wednesday, MSCI tweaked the MSCI China A Inclusion Index, …
- The US Slow Lane’s OK for Japan’s Automakers – Bloomberg: Now, his administration is threatening tariffs on vehicles imported into the U.S. … Autos and parts account for more than 75 percent of the nation’s trade …
- Simba of Kenya Says Renault Considering Local Vehicle Assembly – Bloomberg: Kenya’s Industrialization Ministry is currently considering a new motor-vehicle policy that stipulates tax breaks and age limits for imported used cars.
- Uber, Waymo in talks about self-driving partnership -Uber CEO – Reuters: Uber Technologies Inc is talking with Alphabet Inc’s autonomous driving unit Waymo about using its technology on Uber’s ride-hailing app, Uber Chief Executive Dara Khosrowshahi said on Wednesday, signaling a possible thaw in relations between the firms.
- Caught in a pile-up: Sydney valet parks Porsche under SUV – Reuters: A valet at Sydney’s Hyatt Regency hotel had a bad day at work on Thursday after he accidentally parked a Porsche Carrera …
- Genesis G90 is luxurious opening act for young brand – Detroitnews: The flagship Genesis G90 is definitely not a Hyundai
- Oil majors plug into electric vehicle technology – FT: But it added to a series of recent deals by BP and its rivals aimed at giving them a position in the electric vehicle (EV) technology, which many analysts …
- UD Trucks Launches Revamped Quon Heavy-Duty Truck in Singapore – Japanautomotivedaily: UD Trucks Corp. announced on May 24 that it has launched in Singapore the all-new version of its Quon heavy-duty []
- Aisin Seiki Acquires Filipino MT Production Subsidiary from Toyota – Japanautomotivedaily: Toyota Motor Corp. (TYO:7203) and Aisin Seiki Co. Ltd. (TYO:7259) announced on May 24 that they have agreed to turn []
- 2019 BMW 7 Series to introduce more potent 745e plug-in hybrid – Autocar: New sighting of facelifted luxury saloon shows it”ll also wear taller kidney grilles BMW will ramp up the electric performance of its plug-in hybrid 7 Series when the line-up is facelifted in 2019. The flagship range”s current electrified model, the…
- GM shuts down South Korean plant as part of restructuring effort – Yonhap: GM holds a 77 percent stake in GM Korea, with the KDB and SAIC Motor Corp. controlling 17 and 6 percent, respectively. Under the deal, GM is …
- Company in focus: Shareholders weigh the future of the Renault-Nissan alliance – Nikkei:
- Tesla, Uber crashes prompt questions about robot cars – Detroitnews: Recent crashes of cars in self-driving and semi-autonomous mode are eroding consumer trust in the emerging technology.
- Warren Buffett Offered Uber a $3 Billion Investment, But Talks Fell Apart – WSJ: Warren Buffet earlier this year offered to invest $3 billion in Uber, but the two sides couldn”t agree on the terms, according to a person familiar with the matter.
- Banks plan financial aid for GM contractors – Yonhap: GM Korea Co., the South Korean unit of General Motors Co., closed its factory in Gunsan, … GM controls a 77 percent stake in GM Korea, with the state-run Korea Development Bank and SAIC Motor Corp. of China holding 17 and 6 …
- NZ joins global Electric Vehicle Initiative – Autocar:
- Last 2018 Dodge Challenger SRT Demon rolls off line in Ontario – Freep: The 840-horsepower beast was part of a limited run. The company intended to cap production at 3,300 Demons.