- Lagonda to relaunch with ‘radical’ electric SUV in 2021 – Autocar: Aston Martin has released this image of the Lagonda SUV Concept, due in 2021 Aston Martin to revive 114-year-old brand with battery electric 4×4 targeting Rolls-Royce Cullinan The first production model from Aston Martin”s revived Lagonda brand will…
- Red light: Ford facing hold-ups at China ports amid trade friction – sources – Reuters: Ford Motor Co’s imported vehicles are being held up at Chinese ports, three people with knowledge of the matter told Reuters, underscoring how U.S. goods are facing increased customs scrutiny in China amid a tense trade stand-off.
- Big Apple Stock Buyer: Societe Generale Unit – Barrons: SG Americas also saw fit to bulk up in Facebook (FB), Time Warner (TWX), and Avis Budget Group (CAR). The firm, which handles capital markets and investment-banking in the U.S., also doubled its stake in Bank of America (BAC). SG Americas didn’t…
- How Trump’s Iran deal exit could hit aviation, oil and car industries – Guardian: Shares in several major Iranian investors, including Airbus, Renault and the Peugeot owner, PSA, fell in early trading on Wednesday amid concern …
- RPT-China suspects others lobbied to block it from Chilean lithium -official – Reuters: China suspects other countries, racing to secure resources to develop electric vehicles, lobbied Chile to block Chinese firms from purchasing a stake in top lithium producer SQM, its trade representative told Reuters on Tuesday.
- SoftBank to transfer ride-sharing stakes to Vision Fund – Reuters: * Plans to transfer $12.9 bln stake in Uber, Didi to Vision Fund
- BRIEF-Johnson Controls Wins Contracts With Navistar And Man Truck And Bus To Support Increasing Electrical Demands On Fleets In North America And Globally – Reuters: * JOHNSON CONTROLS WINS CONTRACTS WITH NAVISTAR AND MAN TRUCK AND BUS TO SUPPORT INCREASING ELECTRICAL DEMANDS ON FLEETS IN NORTH AMERICA AND GLOBALLY
- Audi targets 800000 electric, hybrid car sales in 2025 – Automotive News: Audi said it plans to sell about 800,000 battery-electric and hybrid powered cars in 2025, when it also expects to generate operating profit of 1 billion euros ($1.2 billion). Audi will launch more than 20 electrified vehicles by 2025 thanks to an…
- Elon Musk Is a Superstar in Iceland. Here’s Why – Fortune: First, he persuaded Elon Musk to expand into Iceland. Now, he’s predicting an exponential rise in sales of electric cars in a country that gets its energy from volcanoes. “The supply of electric cars is not satisfying demand at the moment,” Johann…
- Toyota reports improved quarterly profit – Detroitnews: Toyota Motor Corp. reported Wednesday that its quarterly profit rose 21 percent
- Audi will present upgrade for diesels suspected of having ‘defeat’ device – Automotive News: Audi, which is facing a new investigation into suspected emissions cheating, said it will shortly present a software upgrade …
- Elon Musk wants to put tunnels under LA – but they might not fit his Tesla – Guardian: Musk was true to his word, and quickly formed the Boring Company, buying an old tunnel boring machine (TBM) and excavating at his SpaceX factory.
- Some 2 million diesel owners could join class action against VW in Germany – Reuters: Around two million diesel car owners in Germany could join legal moves in a class action to seek compensation from Volkswagen , German Justice Minister Katarina Barley said on Wednesday.
- Seat and Volkswagen seatbelt issue can leave rear passenger unbuckled – Autocar: Credit: Tekniikan Maailma magazine Left-rear passenger belt came undone during Finnish magazine’s high-speed lane-change tests of the Arona, Ibiza and Polo A seatbelt safety issue that can leave a rear passenger unbuckled during a high-speed manoeuvre…
- ElringKlinger to supply battery systems for Sono Motors’ solar car – Reuters: ElringKlinger has won a contract worth several hundred million euros to supply battery systems for an all-electric solar vehicle made by start-up Sono Motors, the German automotive supplier said on Wednesday.
- Fancy driving a Porsche? Subscribe today – CBS News: Vehicle subscription services are cropping up across the U.S. as an alternative to leasing or buying a car. They work like Netflix. Consumers pay a …
- Senators ask billionaire Icahn for refinery waiver details – Reuters: Six Democratic U.S. senators have asked billionaire investor Carl Icahn and Environmental Protection Agency Administrator Scott Pruitt to explain how an Icahn-owned refinery secured a valuable EPA exemption from the nation’s biofuels law.
- Carmakers Are Making Tons of Cash by ‘Trimming Up’ – Bloomberg: In December, the sticker price on the average U.S. automobile hit $38,616, a level … Back in the 1990s, a car was an equation of fashion and power.
- U.S. senators ask billionaire Icahn for refinery waiver details – Reuters: Six Democratic U.S. senators have asked billionaire investor Carl Icahn and Environmental Protection Agency Administrator Scott Pruitt to explain how an Icahn-owned refinery secured a valuable EPA exemption from the nation’s biofuels law.
- European Companies’ Iran Ambitions Made Murky by Nuclear Deal Withdrawal – New York Times: A Peugeot 206 at the state-run Iran Khodro automobile manufacturing plant near Tehran. European officials want to protect their companies by finding …
- Aston Martin Vanquish Zagato Shooting Brake styling shown in life-size model – Autocar: Vanquish Zagato Shooting Brake sits alongside Speedster and Coupe models; customers can spec their cars in virtual reality through the brand’s Q bespoke arm Aston Martin’s Vanquish Zagato Shooting Brake has been shown in a life-sized model ahead of…
- Renault Samsung total output reaches 3 mln vehicles after 18 years – Yonhap: Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Wednesday its accumulated …
- Jaguar Land Rover UK sales jump in April – FT: Jaguar Land Rover’s UK sales jumped more than a quarter in April compared to an unusually weak 2017, despite news last month that the carmaker …
- Mitsubishi Motors sees higher annual profit on Asia sales – Reuters: Mitsubishi Motors Corp (7211.T) said on Wednesday it expects operating profit to rise 12 percent in the current financial year, …
- Siemens, PSA and Airbus monitoring Iran developments after Trump move – Reuters: Major European companies including carmaker PSA, plane manufacturer Airbus and Siemens said they were keeping a close watch on relations with Iran after President Donald Trump pulled the United States out of a nuclear deal.
- Toyota predicts higher yen will hit operating profit hard – Nikkei:
- Toyota’s Upbeat Profit Forecast, Stock Buyback Lift Shares – Bloomberg: Toyota Motor Corp. shares jumped the most in more than seven months after the automaker announced a stock buyback and gave a profit guidance …
- New ultra-capacitor tech could drastically boost battery EV range – Autocar: The very latest EVs, including the upcoming Audi E-Tron, use large lithium ion battery packs Ultra-capacitor is claimed to store and discharge electrical energy much more quickly than lithium ion cell A fast-acting carbon ‘ultra-capacitor” that could…
- Nikkei drops after Trump quits Iran nuclear deal; Toyota shines after earnings – Reuters: Japanese stocks fell on Wednesday as global tensions flared after President Donald Trump pulled the United States out of an international nuclear deal with Iran, but Toyota rose after releasing earnings and announcing a share buyback.
- Sensex edges up; OMC losses offset by gains in IT – Reuters: Indian shares edged up on Wednesday with losses in oil marketing companies (OMCs) such as Hindustan Petroleum Corp Ltd being offset by gains in IT stocks including Tata Consultancy Services Ltd.
- French carmaker PSA hopes EU will take common position regarding Iran – Reuters: French carmaker and Peugeot-manufacturer PSA said on Wednesday that it hoped the European Union would adopt a common position on Iran, following U.S President Donald Trump’s decision to pull the U.S. out of a nuclear deal with Iran.
- Toyota flags lower annual operating profit on higher yen – Reuters: (Adding dropped word in sixth paragraph). TOKYO, May 9 (Reuters) – Toyota Motor Corp on Wednesday forecast a 4.2 percent slide in operating profit …
- Raise eyebrows one day, and liquidity buffers the next – FT: While observers were preoccupied with its CEO’s personal life, Tesla disclosed it has added its Fremont, Calif. factory to a pool of collateral backing its …
- Toyota forecasts 15% drop in profits, blames yen – FT: Toyota has blamed the strong yen as it forecasted a 15 per cent drop in net profit in the year ahead. The cautious outlook comes after Japan’s biggest …
- Toyota sees lower annual operating profit on higher yen – Reuters: Toyota Motor Corp on Wednesday forecast a 4.2 percent slide in operating profit for the current financial year, as it expects a stronger yen to offset slightly higher global vehicle sales and cost reductions.
- TMC Announces Financial Results for Fiscal Year Ended March 31, 2018 – Toyota: Toyota Motor Corporation (TMC) today announced its financial results for the fiscal year ended March 31, 2018.
- Notice Concerning Distribution of Dividends from Surplus – Toyota: At a meeting held on May 9, 2018, the Board of Directors of Toyota Motor Corporation (“TMC”) resolved to distribute dividends from surplus, with record date dated March 31, 2018.
- Tesla’s Board Keeps Facing Investor Grievances – Bloomberg: Tesla’s 2016 acquisition of SolarCity was rife with controversy. Musk and Gracias both owned shares in each of the companies, and Musk co-founded …
- Tesla’s Management in Need of Major Overhaul, Activist Says – Bloomberg: “Tesla has failed to hit critical production milestones and has consequently seen its past progress toward profitability sharply reverse,” Dieter Waizenegger, CtW’s executive director, writes in a letter the firm plans to file Wednesday with the…
- Morgan profits up as it readies for electric future – FT: Profits at Morgan Motors hit record highs last year after the luxury British sports car maker raised prices and made preparations for a future producing electric vehicles. With its wooden frames and decades-old hand-crafted manufacturing techniques,…
- Carmakers gear up for White House meeting on mpg rules – Detroitnews: Executives from auto companies to meet with president as he considers changes to rules on gas mileage and trade
- Nissan Delays Sale of Battery Business to GSR Capital Until End of June – Japanautomotivedaily: Nissan Motor Co. Ltd. (TYO:7201) is postponing the sale of its lithium-ion battery (LiB) business to Chinese investment fund GSR []
- Mazda Makes Moves Toward Increased SUV Production – Part 3: Efficiency – Japanautomotivedaily: Mazda Motor Corp. (TYO:7261) has been enhancing its vehicle production, including that of body assembly, by adopting what it calls []
- Mazda Plans Additional 250B Yen Investment Toward Global Sales Target – Japanautomotivedaily: Mazda Motor Corp. (TYO:7261) has clarified plans to boost its global sales volume to 2 million vehicles per year by []
- Ford is scrambling to limit the impact of stopping F-Series production – CNBC:
- Broadcom lawsuits accuse Toyota of infringing infotainment system patents – Reuters: Infotainment systems in Toyota Motor Corp vehicles are infringing on Broadcom Inc’s patents, the chipmaker said in lawsuits filed on Monday.
- Hyundai Mobis to make inroads into automotive digital instrument cluster market – Yonhap: Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Wednesday it aims to make inroads into the global automotive digital instrument cluster market to generate future growth. Hyundai Mobis, the auto component affiliate of Hyundai…
- Two new Lotus sports cars to arrive by 2020 – Autocar:
- An Elon Musk Tweet ‘Thrilled’ an Island Desperate for Teslas – Bloomberg: First, he persuaded Elon Musk to expand into Iceland. Now, he’s predicting an exponential rise in sales of electric cars in a country that gets its energy from volcanoes. “The supply of electric cars is not satisfying demand at the moment,” Johann …
- S.Korea says GM deal to ensure it remains in country for at least 10 years – Reuters: * Deal to ensure GM stays in S.Korea for at least 10 yrs – fin min
- Ford faces halt to F-150 production after fire, could idle 7,600 workers – Freep: A decision will be made soon on whether the Dearborn F-150 plant must be idled.
- Mexico pitches auto proposal as NAFTA talks grind on – Reuters: Mexico has launched a counterproposal to U.S. demands to toughen automotive industry content rules under the North American Free Trade … Guajardo said Mexico’s negotiators had discussed the Mexican auto sector proposal during a productive meeting…