- London taxi drivers mull class action suit against Uber – Reuters: London cab drivers are examining the possibility of bringing a class action suit against Uber, their association said on Tuesday, after the mobile app was granted a temporary licence renewal to operate in the British capital.
- BMW manager Duesmann to become new Audi CEO, report says – Automotive News: Audi’s new CEO will be BMW purchasing director Markus Duesmann, German daily Handelsblatt reported on Tuesday. Citing sources close …
- GM’s Maven launches car sharing option in Detroit, Ann Arbor – Detroitnews: The new Maven program works like Airbnb for cars, allowing owners to put their vehicles up for rent.
- RPT-Cost to insure Tesla’s debt rises on growing default fears – Reuters: The amount investors must pay to insure their debt holdings in Tesla Inc against declining credit quality rose on Monday to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern that…
- Audi launches serial production of electric engines at Hungarian plant – Reuters: Audi has launched serial production of electric engines at its Hungarian plant, the luxury carmaker said in a statement on Tuesday.
- Earnings beats from UBS, Peugeot fire up European stocks – Reuters: * UBS up 3.4 pct on profit beat, banks +1.3 pct (Updates prices, adds quotes, details)
- PSA’s Results `Boom!’ Sends Shares to 7-Year High: Street Wrap – Bloomberg: Peugeot is the first European carmaker to report results, and may set a … Read more on PSA’s results here: PSA Does to Opel Car Brand What GM …
- PSA Does to Opel Car Brand What GM Failed to Do in 20 Years – Bloomberg:
- Toyota strains to maintain output levels in Japan – Nikkei:
- New Audi RS6 to top 600bhp – Autocar: New Audi RS6 will be lighter and more potent than today”s. Here’s how we think it’ll look Next RS6, due in 2019, set to be powered by twin-turbocharged V8 capable of 0-62mph in 3.6sec Audi is developing its next RS6 with a new twin-turbocharged V8…
- Autocar confidential: Volkswagen R to offer more than cars, Byton’s first model & more – Autocar: Our reporters empty their notebooks to round up this week’s gossip from across the automotive industry This week’s snippets of automotive news include news on Volkswagen R, Fiat Chrysler”s strike, Mitsubishi boosting development of plug-in hybrid and…
- PSA posts profit gain as Opel turnaround takes root – Reuters: French carmaker PSA Group said first-half earnings rose 18 percent, beating analyst expectations, as it returned the newly acquired Opel-Vauxhall business to profit.
- BMW manager Duesmann to become new Audi CEO: Handelsblatt – Reuters: Volkswagen has hired BMW purchasing director Markus Duesmann to fill the post of Audi chief executive, German daily Handelsblatt reported on Tuesday.
- Tesla Trauma Shows the Lithium Market Needs a Chill Pill – Bloomberg: News this week that Tesla Inc. sent a memo to some suppliers asking them for payment rebates to help it become profitable shook shares in lithium …
- Nissan teams up with Kohnan Shoji to expand Japan car-sharing service – Nissan-global: Nissan and retailer Kohnan Shoji are teaming up to expand the e-share mobicar-sharing service by adding 100 new locations by the end of March. YOKOHAMA, Japan (July 24) – Nissan”s e-share mobi car-sharing service will expand to 100 new locations in…
- Norwegians Quietly Revolt Against Tesla – Bloomberg: After a fender-bender with his Tesla Model S last February, Tor Havard Wiig figured he’d be back on the road within a week or two. Five months on …
- Brilliance China Still Under Pressure as BMW May Raise JV Stake – Bloomberg: Brilliance China Automotive Holding Ltd., BMW AG’s Chinese partner, has slid 20 percent since news emerged on July 12 about the German …
- Howes: FCA’s Italian ranks slim after Marchionne – Detroitnews: Leadership of Fiat Chrysler now is less Italian than any time in the company’s nine-year history. Briton heads group as Fiat rival bolts in protest