- How much cash Tesla needs is the $10 billion riddle no one can answer – CNBC: How much money Tesla will need – and how hard it will be to get it – are critical questions for investors in the electric-car company with a stock valuation that a majority of Wall Street analysts already think is stretched. But as Tesla stockholders …
- Audi Q8 SUV: Range Rover Sport and BMW X6 rival launched – Autocar: The Q8 is slightly shorter than the Q7 on which it”s based New style-led premium SUV mixes coupe roofline with A8 luxury to take on X6 and Mercedes-Benz GLE Coupe?; prices to start from £65,000 The new Audi Q8 will give the Range Rover Sport its…
- Opinion: will SUVs rule the world? – Autocar: Audi Q8 With 34% of all cars registered globally being SUVs last year, demand for high-riding cars shows no sign of slowing down If you want to know why there are so many new SUVs coming on the market, consider that last year 34% of all cars…
- Opinion: why China is becoming the centre of the automotive world – Autocar: Audi Q8 Audi has chosen Shenzhen to launch its first premium SUV “The Q8 is our first premium SUV,” said Audi boss Rupert Stadler at a presentation this afternoon ahead of the car”s reveal. Eh? The boss of Audi considers none of his SUVs launches thus…
- GGF to provide $37.4 mln for Serbia’s first wind farms – Reuters: The Green for Growth Fund (GGF) said on Tuesday it would provide 32 million euros ($37.44 million) financing for Serbia’s first large-scale wind farms, to help the Balkan country diversify its energy mix and reduce carbon dioxide emissions.
- Porsche hints at Nurburgring record bid with modified Le Mans racer – Autocar: The Porsche 919 Evo (right) is understood to be preparing for a Nordschleife lap record bid. The current record holder is the Porsche 956C (left) Firm poised to challenge Stefan Bellof”s 35-year-old record – and could be aiming for a 5min 11secs lap…
- 2019 Byton electric SUV edges closer to production – Autocar: The all-electric car is due to go on sale in China late next year New Chinese brand’s first model is a 469bhp electric SUV with a claimed range of 323 miles; production starts soon Byton has announced a series of updates which edge its inaugural…
- Truck maker Navistar raises full-year forecast on strong demand – Reuters: Navistar International Corp on Tuesday raised its full-year revenue and deliveries forecast on robust demand for its trucks.
- BMW X5 styling leaks onto internet early – Autocar: This is the 2018 BMW X5, only a little earlier than planned Next BMW X5 will share underpinnings with the current 7 Series and have plug-in hybrid and performance variants. It’s confirmed for launch in the second half of the year BMW’s next-generation…
- German Autoworkers Raise Alarm Over Job Losses in Electric Shift – Bloomberg: Demand is being propelled by tightening regulations in China, where VW, Daimler’s Mercedes-Benz brand and BMW AG generate a large chunk of …
- Truck maker Navistar’s revenue rises 15.6 pct – Reuters: Navistar International Corp on Tuesday reported a 15.6 percent rise in quarterly revenue, helped by robust demand for its trucks.
- Switch to electric cars threatens 75,000 German auto industry jobs – Reuters: The switch to electric cars puts 75,000 engine and gearbox manufacturing jobs at risk, a study commissioned by German trade unions and the auto industry showed.
- Daimler says EVs on target after report of launch delays – Automotive News: Daimler says EVs on target after report of launch delays … Handelsblatt also reported that a plug-in hybrid version of Mercedes’ next S-class flagship …
- New car registrations show modest growth in May – Autocar: Growth of 3.4% last month partly attributed to a poor May 2017; diesel sales continue downward spiral, while unusual segment growths are recorded UK new car registrations in May grew by 3.4% year on year to 192,649 units, although the Society of Motor…
- Cadillac must convince buyers that its quality isn’t second-rate – Freep: Cadillac’s new boss, Steve Carlisle, must boost quality as it rolls out models as part of the luxury automaker’s brand revitalization.
- 2018 Audi Q8 design leaked ahead of today’s reveal – Autocar: this is the Audi Q8, the design of which has leaked ahead of today’s reveal Audi will take on the BMW X6 with a plush, high-tech five-seater that will top an eight-model SUV line-up; full styling has been leaked Styling of the Audi Q8 has leaked onto…
- ‘Smart’ cars that can talk to the road network due in 2020 – Autocar: Audi is working with Huawei to develop vehicle to everything technology in China that would help feed information to drivers The vehicles will be able to optimise traffic light sequences, ease congestion and will first go into production in China…
- How Formula 1 technology could improve public transport – CNBC: McLaren Applied Technologies is looking to apply loggers and sensors used in Formula 1 to Singapore’s subway.
- 5 Things to Expect at Tesla’s Heated Shareholder Meeting Today – Fortune: Elon Musk takes the stage at Tesla’s annual shareholder meeting Tuesday … Tesla and rocket company Space Exploration Technologies (SpaceX), …
- Peru’s finmin quits over fuel tax hikes, president shifts focus to unpaid corporation tax – Reuters: * Truck and bus drivers called off plan for bigger protest Tuesday
- German market down 6% but VW bucks trend with new SUV – Automotive News: Opel, Fiat among losers. Most other brands had a poor month. Opel sales fell 15 percent and Fiat was down 14 percent while Peugeot sales fell 9.9 …
- Factbox: Plans for electric car battery production in Europe – Reuters: China’s BYD (1211.HK) (002594.SZ) is looking at launching battery production in Europe, the latest Asian battery maker aiming to make …
- Europe up against Asian juggernaut in electric car battery drive – Reuters: Chinese electric vehicle giant BYD is looking at launching battery production in Europe, joining …
- German battery maker Akasol plans Frankfurt listing in June – Reuters: German battery systems maker Akasol is … But the high cost of batteries means that electric cars have yet to grow …
- After buying out Uber in Southeast Asia, Grab says competition has made it stronger – CNBC: Tan’s comments came on the back of an announcement in May by massively popular ride-hailing start-up Go-Jek that it was moving into four new …
- How Aston Martin, McLaren spin profits from most hypercars – Automotive News: Now competition exists not just from established brands such as Aston Martin, Lamborghini and McLaren but also mass-market companies such as …
- Hookers, porn limit ex-Visteon CEO’s $16M payout – Detroitnews: Details of golden parachute, sexual behavior outlined in federal court records
- Howes: FCA setting audacious five-year goals – Detroitnews: The spawn of two of the industry’s most beleaguered players, Fiat Chrysler Automobile NV is making two huge bets on seeming contradictions.
- What to Watch for as Tesla Investors Decide the Future of Musk’s Board – Bloomberg: Tesla’s nine-member board of directors serve staggered terms, and three are up for re-election: Antonio Gracias, a private equity investor; Kimbal Musk, a food entrepreneur and Elon’s brother; and James Murdoch, CEO of Twenty-First Century Fox Inc.May…
- Exports, government spending seen boosting Australia’s first quarter economic growth – Reuters: A bumper run of resource exports and higher … straight month as demand for light commercial vehicles and passenger cars …
- ETAS Looks to Support Development of Autosar AP-Compatible ECUs – Japanautomotivedaily: German-based ETAS GmbH is setting out to support automakers in their development of electronic control units (ECUs) compatible with the []
- International Energy Agency: 220M Electrified Cars Could Be on Roads by 2030 – Japanautomotivedaily: The International Energy Agency (IEA) on May 30 released its newest forecast for global electric vehicle (EV) demand, Global EV []
- Southeast Asia’s Grab launches innovation arm to develop tech start-ups – Reuters: Southeast Asia’s Grab on Tuesday launched Grab Ventures, its innovation arm to develop technology start-ups in sectors such as transport, food services, logistics and financial services, further expanding beyond ride-hailing.Grab, which made its start…
- Australia’s May new vehicle sales dip 2.2 pct – VFACTS – Reuters: Australian new vehicle sales dipped in May for the second straight month in a sign consumers are holding back on …
- GM China to launch 10 NEV models in 2016-2020, another 10 in 2021-2023 – Reuters: General Motors Co plans to launch 10 heavily electrified vehicle models in China between 2016 and 2020, and another 10 in the three years between 2021 and 2023, GM’s China chief Matt Tsien said on Tuesday.
- Alibaba and Tencent tell bankers to pick sides – FT: Didi Chuxing, the ride-hailing app that bested Uber in China, is unusually backed by both Alibaba and Tencent, the result of a merger between two …
- Mark Reuss says no excuses for pace car crash – Detroitnews: Forgive General Motors product boss Mark Reuss if he wanted to call in sick Monday. Reuss was the talk of Twitter when he put the Chevrolet Corvette ZR1 pace car into the wall Sunday, creating IndyCar gridlock behind him, and delaying the start of the …
