Note: BS will be traveling 7/26-7/28. Your Thursday and Friday Morning Auto News most likely will become roadkill. Definitely back on-line Monday 7/30.
- EU warns carmakers manipulating new emissions tests – Reuters: Carmakers are cheating new EU pollution checks, EU regulators warned in a study seen by Reuters, inflating emissions on benchmark tests to set themselves lower targets on new rules aimed to prevent a repeat of the Dieselgate scandal.
- S&P flat as gains in technology offset weak earnings – Reuters: The S&P 500 was flat on Wednesday as gains in technology shares offset weak earnings from Boeing, General Motors and AT&T, while investors eyed a meeting between President Donald Trump and head of the European Commission on trade.
- Maserati’s 2018 sales plummet blamed on Chinese market changes – Autocar: The Maserati Levante SUV Maserati”s sales are down 35% year on year and revenue has halved, according to the FCA Group”s latest financial report Maserati has reported a dramatic decline in sales and revenue in the second quarter of 2018, in sharp…
- Germany installs more electric car chargers, but still unprofitable – Reuters: Germany has increased the number of public charging points for electric cars by a quarter in the past year, utility lobby BDEW said on Wednesday, although it said it was still not a profitable business.
- Toyota raises overall Thai auto sales estimate to 12 percent from 3 percent – Reuters: Toyota Motor Corp on Wednesday forecast overall vehicle sales in Thailand to rise 12 percent this year from last, greater than the 3 percent it estimated in January, saying the auto market has benefited from favourable economic conditions.
- Porsche gives updated Macan improved handling – Automotive News: Porsche has updated its Macan crossover with a fresher design, improved handling, as well as more comfort and connectivity features.
- Fiat Chrysler’s Marchionne dies, shares dive on profit slide – Reuters: Former Fiat Chrysler chief executive Sergio Marchionne has died after a 14-year career in which he helped to rescue the carmaker, the news arriving on Wednesday moments before the group reported a surprisingly heavy fall in profit.
- Daimler to build battery factories in Sindelfingen, Untertuerkheim – Reuters: Daimler AG on Wednesday said it will add battery manufacturing capabilities to its Mercedes-Benz plants in Sindelfingen and Untertuerkheim, as the carmaker seeks to transition from combustion to electric cars.
- GM Posts Higher Profit, Lowers Outlook Amid Metals Costs – WSJ: General Motors” second-quarter net income rose amid strong results from its in-house finance arm and China, but the auto maker lowered its 2018 profit outlook in the wake of U.S. tariffs on steel and aluminum.
- GM Falls Victim to Trump’s Trade War as Metal Prices Sink Profit – Bloomberg:
- Fiat Chrysler CEO’s health crisis forced succession scramble – Reuters: Former Fiat Chrysler Chief Executive Sergio Marchionne for more than a year assured investors that he and the automaker’s board were working on an orderly succession plan ahead of his expected departure in 2019.
- GM cuts 2018 outlook as Trump trade war drives up steel and aluminum costs – CNBC:
- Waymo self-driving cars to ferry Walmart shoppers in Arizona trial – Reuters: Alphabet Inc’s Waymo is starting trials to ferry shoppers to Walmart Inc’s stores in Phoenix, Arizona, the company said on Wednesday.
- Lincoln Navigator tops J.D. Power satisfaction survey – Detroitnews: The Lincoln Navigator had the highest overall score for J.D. Power’s Automotive Performance, Execution and Layout Study.
- McLaren Speedtail: name confirmed for 243mph F1 successor – Autocar: Woking-based car maker has revealed name of fastest McLaren yet McLaren”s next hypercar, code-named BP23 until now, will be called the Speedtail. Due to be revealed later this year, the model is the spiritual successor to the F1, which was launched in…
- Genesis beats out Porsche as most appealing brand, Power says – Automotive News: Genesis, for the first time, topped J.D. Power’s annual study of new-vehicle appeal, nudging past Porsche, while Mitsubishi, Dodge, Jeep, GMC and …
- Trump tariffs bite into GM 2018 profit forecast, stock falls – Reuters: General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs as a result of tariffs imposed by U.S. President Donald Trump’s administration, sending its shares down more than 5 percent in…
- New Lexus LFA Art Car heading to 24 Hours of Spa – Autocar: The LFA Art Car has been used as a canvas by Portuguese artist Pedro Henriques To celebrate ten years of its ‘F” performance sub-brand, Lexus will display an ‘Art Car” version of the LFA at this weekend”s 24 Hours of Spa race Lexus will display…
- SpaceX Sends Iridium Satellites to Orbit in 14th Launch of Year – Bloomberg: SpaceX will attempt to land Falcon 9’s first stage on the “Just Read the Instructions” droneship in the Pacific Ocean, SpaceX said in a statement.
- GM second quarter profit drops, partly on higher steel, aluminum costs – Freep: GM reports second-quarter net income of $2.4 billion – down 2.8 percent – on higher commodity costs and currency fluctuation.
- Stocks fall after GM and Boeing decline on earnings – CNBC:
- Fiat Chrysler cuts 2018 outlook, shares tumble – Reuters: Fiat Chrysler on Wednesday reported second-quarter operating profit below expectations and revised downwards part of its full-year outlook, sending its shares down more than 10 percent.
- Bugatti Chiron ‘Sky View’ glass roof option adds headroom – Autocar: Bugatti releases a fixed sunroof for 1479bhp Chiron; model equipped with the new option will be on display at next month”s Monterey Car Week Bugatti”s £2.5m Chiron has no shortage of expensive customisation options, but the hypercar maker has just…
- GM Posts Higher Profit, Lowers Outlook Amid Steel, Aluminum Costs – WSJ:
- Daimler’s workers to defend jobs if tariffs force production shift – Reuters: Daimler’s German workforce will seek to defend local jobs if the luxury carmaker attempts to shift some production to the United States in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters.
- GM Q2 profit slips on rising steel, aluminum cost – Detroitnews: The automaker made $2.4 billion in the second quarter, down compared to a year ago.
- GM profit falls, higher commodity costs hurt 2018 outlook – Reuters: General Motors Co on Wednesday posted a lower quarterly profit that beat market expectations, and lowered its full-year 2018 earnings forecast citing rising steel and aluminum costs due to tariffs imposed by U.S. President Donald Trump’s administration.
- Porsche Boosts Top SUV With Big Screen to Counter Trade Risk – Bloomberg: Porsche is making its best-selling model more comfy with a bigger touchscreen, voice controls and self-driving features, upgrades that could help …
- How GM and Ford fight Silicon Valley, and each other, for intern talent – Freep: GM and Ford have both gotten better at recruiting interns from prestigious schools to eventually hire.
- New FCA CEO Manley to make first public remarks as 2Q earnings are reported – Detroitnews: Mike Manley will make his first public remarks as Fiat Chrysler CEO on Wednesday as the company unveils its second quarter earnings.
- Analysis: What is Sergio Marchionne’s legacy at Fiat Chrysler? – Autocar: Sergio Marchionne speaking at the FCA Group Capital Markets Day in June The FCA Group Sergio Marchionne helped create has the culture to continue to grow, according to man himself Sergio Marchionne, who has died today aged 66, leaves behind a legacy…
- 2019 Porsche Macan SUV revealed with new look and technology – Autocar: The new version of the Macan is due to go on sale in the UK later this year German firm revamps model to take on the Jaguar F-Pace and new BMW X4; engine range will also be upgraded The updated Porsche Macan has been unveiled in China with revised…
- Thailand approves electric vehicle investment plans of Nissan, Honda – Reuters: Thai authorities said on Wednesday they have approved investment plans worth 29.63 billion baht ($888.2 million), including projects by two Japanese automakers to produce hybrid electric vehicles and batteries.
- S.Korea’s Hyundai Motor replaces China head amid weak recovery – Reuters: Hyundai named Yoon Mong-hyun, head of its Turkey operations, as president of its Chinese joint venture with BAIC Motor Corp Ltd. The venture’s …
- Daimler and China’s Baidu deepen automated driving alliance – Reuters: German carmaker Daimler said it will deepen a partnership with China’s Baidu on automated driving and vehicle connectivity services.
- Tokyo taxi rivals team up to ward off Uber and Didi – Nikkei:
- Fiat’s Founding Family Puts a Jeep-Selling ‘Iceman’ at Wheel – Bloomberg: Even for an auto executive, Mike Manley has strong views about how a car … Around 2009, the car was a Jeep Grand Cherokee, the first big product …
