- Porsche Cayman GT4 to use naturally aspirated flat six – Autocar: The new Cayman GT4 is expected to be powerful enough to wear the RS badge; manual and automatic gearbox options mooted Porsche’s upcoming Cayman GT4 will stick with a naturally aspirated flat six engine despite the arrival of a turbocharged flat four…
- Porsche SE executives, board members are safe to travel to U.S.: legal chief – Reuters: Top managers and supervisory board members at Porsche SE, Volkswagen’s majority shareholder, can still travel to the United States without risk or fear for prosecution, the company’s head of legal affairs said.
- Autonomous testing in Europe, Asia faces fewer legislative hurdles than US, report says – Automotive News: Self-driving cars are facing fewer hurdles in the UK, Germany, South … rules” hampers the deployment of driverless cars in U.S. states, Bloomberg … Germany also has ethical principles in place that require car-driving …
- DC Council would hike tax on Uber and Lyft more than Mayor Bowser proposed – Washington Post: The D.C. Council is proposing a higher tax increase on ride-hail trips than Mayor Muriel E. Bowser (D) and would require the companies to disclose …
- Ford downgraded by Piper Jaffray, who says the automaker is behind the times – CNBC:
- The Easiest Way to Make a Self-Driving Automobile – Bloomberg: We saw that cars were getting stuck in the mud, so we built better roads.” … Traditional automakers and component manufacturers “know their …
- ISS recommends shareholders vote against Hyundai Mobis’ restructuring plan – Reuters: Although the terms of the transaction are fully compliant with the governing laws of Korea, the deal appear to be unfavorable for Hyundai Mobis …
- Widely followed Morgan Stanley analyst on Tesla slashes his price target due to Model 3 profitability worries – CNBC: Morgan Stanley slashes its price target for Tesla due to Model 3 manufacturing problems.
- 700bhp Aston Martin DBS Superleggera: new pictures of Volante drop-top – Autocar: Hot on the heels of the V8 Vantage, Vanquish successor will feature in Aston’s model blitz as harder, faster V12 model The upcoming Aston Martin DBS Superleggera will spawn a convertible version that looks set to become the brand’s fastest drop-top…
- WRAPUP 1-Strong wage gains propel Central Europe’s economies forward – Reuters: Slovakia, a euro zone member, may stand out as its economy will be boosted by the launch of a Jaguar Land Rover factory this year, said Erste’s …
- Volvo ditches diesel from all new models – FT: Volvo Cars says it will never launch another diesel model as mounting technology costs see the Swedish carmaker move towards a future making only …
- Nifty pares early gains; all eyes on Karnataka election results – Reuters: Indian shares pared earlier gains to end largely flat on Tuesday after the main opposition Congress party said it would form an alliance with the Janata Dal (Secular) party to rival Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) in the…
- Why Buy Volkswagen When You Can Get Porsche for Less? – WSJ: A decade after one of the craziest takeover battles in history, a merger between Volkswagen and Porsche still hasn’t happened. The end isn’t yet in …
- Kia Sportage Ecodynamics+ mild hybrid diesel confirmed for 2018 – Autocar: The latest Sportage offers 1.7-litre and 2.0-litre diesel engines Kia’s new 48V architecture will be used in other models in due course, as will a following mild hybrid petrol powertrain Kia will kick-start its ambitious electrification plans with the…
- Uber Ends Mandatory Arbitration Clauses for Harassment Claims – WSJ: Uber Technologies is taking a step toward moving past its scandal-ridden history by ending the company”s use of the widespread but controversial practice of mandatory arbitration for claims of sexual harassment and assault.
- Electric-Car Era Threatens Firefighters With New Roadside Risks – Bloomberg: Fires on electric vehicles are rare, but the volatile chemistry of their batteries and the need for special training on how to extinguish them raises new …
- Pope’s Lamborghini Huracan sells for €715000 – Yahoo: The rear-wheel drive Huracan was given to the Pope by Lamborghini last November, and it was appropriately and tastefully customized in the familiar …
- 2018 Audi Q8 shown in new sketch ahead of summer launch – Autocar: Audi has issued its latest preview image of the new Q8 Audi will take on the BMW X6 with a plush, high-tech five-seater that will top an eight-model SUV line-up; the reveal campaign has begun Audi has issued its latest preview image of its upcoming…
- Elliott Gets an Ally in Opposing Hyundai Motor Overhaul Plan – Yahoo: An influential proxy adviser joined Elliott Management Corp. in opposing an $8.8 billion deal between two Hyundai Motor Group units, complicating …
- John Zimmer Would Rather Die Than Take an Uber – New York Times: Is there any possibility that driverless cars are going to end up being like jet packs, where 60 years from now we’ll be wondering, “When are those …
- Proxy advisor Glass Lewis urges vote against Hyundai’s overhaul plan – Yonhap: Hyundai Motor Group’s push for a corporate governance overhaul program is facing growing opposition as U.S. proxy …
- Great British Women in the Car Industry: Citroen CEO Linda Jackson and Olympian Karen Brown head event line-up – Autocar: Applications for tickets are now open for this year’s event, which takes place in London on 20 June Applications for tickets to attend this year’s Great British Women in the Car Industry event have now opened, with the star-studded event to take place…
- Australian LNG could fuel Japan’s hydrogen push -Woodside CEO – Reuters: Australian gas could find a big new outlet in its traditional top export market, Japan, as the country pushes to switch to …
- China’s FAW to invest $260 mln in EV start-up Byton -sources – Reuters: Chinese state-owned carmaker FAW Group has agreed to invest around $260 million in China-backed electric car startup …
- Toyota to Invest in ALBERT – Toyota: Toyota Motor Corporation (Toyota) and ALBERT Inc. (ALBERT) announce today that both companies have agreed on a business alliance for big data analysis, mainly in the field of advanced development of automated driving technology, and that Toyota will…
- Tesla driver says she slammed into fire truck on Autopilot – CBS News: SALT LAKE CITY — The driver of a Tesla electric car had the vehicle’s semi-autonomous Autopilot mode engaged when she slammed into the back of a Utah fire truck over the weekend, in the latest crash involving a car with self-driving features.
- Russia ties stall Wolf’s entry on to Porsche board – Automotive News: U.S. economic sanctions imposed on Russia mean Volkswagen Group’s majority owner, Porsche Automobil Holding SE, will have to do without …
- Geely seeks $30bn-plus valuation for Volvo Cars in IPO – FT: Volvo’s owner Geely will only proceed with an initial public offering if it achieves a valuation of more than $30bn for the Swedish carmaker, according …
- Peugeot adds petrol-powered 3008 GT Line – Autocar: Peugeot has bolstered its 3008 line-up with the new GT Line variant. … Peugeot’s advanced traction control with Normal, Sand, Snow, Mud modes, …
- Sumitomo, Fuji Electric and Japan Benex Develop Storage Battery System Using Recycled EV Batteries – Japanautomotivedaily: Sumitomo Corp. (TYO:8053), Fuji Electric Co. Ltd. (TYO:6504) and Japan Benex Corp. have developed a new type of storage battery []
- Suzuki Forecasts Higher Sales Volume, Lower Operating Profit for Fiscal 2018 – Japanautomotivedaily: Suzuki Motor Corp. (TYO:7269) announced on May 10 that it is forecasting a year-on-year decrease of 9.1 percent for its []
- Mitsubishi Motors Expects Strong Sales Volume, Nissan Synergy to Boost Profits for 2018 – Japanautomotivedaily: Mitsubishi Motors Corp. (TYO:7911) has announced its projected business results for fiscal 2018, with this including an expectation that the []
- Yokohama Hosts Japan Truck Show 2018 – Japanautomotivedaily: The Japan Truck Show 2018 took place over May 10-12 at the Pacifico Yokohama convention center in Nishi-ku, Yokohama. Four []
- Marchionne berated top spokesman for ruling out cheating devices – Automotive News: Editor’s note: Story contains strong language. Fiat Chrysler Automobiles CEO Sergio Marchionne berated a top company spokesman in 2015 for …
- Fiat Chrysler Employees Knew of Emissions Cheating, Documents in Shareholder Suit Claim – WSJ: Fiat Chrysler, which has consistently denied improperly manipulating … The Monday disclosures regarding Fiat Chrysler come as the auto maker …
- Fiat Chrysler CEO reprimands colleague for commenting on emissions – Reuters: Fiat Chrysler Chief Executive Officer Sergio Marchionne reprimanded the company’s top U.S. spokesman for issuing press releases about Fiat’s vehicle emissions practices days after Volkswagen’s disclosure in September 2015 that the German automaker had…
- Why China’s First Steps Into MSCI Are Such a Big Deal – Bloomberg: Why China’s First Steps Into MSCI Are Such a Big Deal … Other companies include SAIC Motor Corp., Midea Group Co. and Gree Electric Appliances …
- The Stocks to Watch as China Gains Entry to the MSCI Club – Bloomberg: ELECTRIC CARS: Investors can take a punt on who will win from China’s plan to increase in new-energy car sales by seven-fold. Battery-component …