- Lamborghini Aventador SVJ confirmed as new ‘Ring lap record holder – Autocar: Range topping Aventador beats Porsche 911 GT2 RS around the Nurburgring with a time of 6 minutes and 44.97 seconds After it leaked out earlier today, Lamborghini has now officially confirmed that the new Aventador Superveloce Jota has become the…
- Daimler to split business into cars, trucks, mobility units – Reuters: Daimler unveiled a new corporate structure on Thursday designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.
- Nissan operating profit dives 29% in first quarter – Nikkei:
- Ex-UAW boss Dennis Williams OK’d using training center funds, aide says – Detroitnews: UAW President Dennis Williams told senior officials to use automakers’ funds to pay for union costs, including lavish meals, travel, key witness says.
- U.S. automakers report lower profits, see pitfalls for rest of year – Freep: Troubles in China and concern about tariffs dampen Detroit automakers’ outlook.
- Daimler Follows U.S. Rivals in Warning on Impact of Tariffs – WSJ: German premium car maker Daimler followed its U.S. rivals in warning that earnings would be hit by U.S. tariffs on steel and aluminum, even as a possible easing of trade tensions helped lift shares.
- 2019 Ford F-150 Limited adds 450-hp Raptor engine, luxury features – Freep: The 2019 Ford F-150 Limited adds the Raptor’s engine and will be the most powerful light truck on the road.
- Review: Stretched 2018 Lexus RX 350L SUV comes up short – Freep: Toyota’s Lexus luxury brand disappoints with poorly executed RX 350L three-row SUV
- Germany’s VDA says U.S.-EU trade progress is a ‘big step forward’ – Reuters: Germany’s VDA automotive association welcomed on Thursday an agreement between the EU and the United States to take steps to ease the threat of a transatlantic trade war, saying it offered a real opportunity to avert further tariffs.
- Toyota plans to expand production, shrink cost of hydrogen fuel cell vehicles – Reuters: Toyota Motor Corp is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs and pushing the technology into buses and trucks to build economies of scale.
- Maruti Suzuki India first-quarter profit misses estimates as raw material costs weigh – Reuters: India’s largest selling car maker, Maruti Suzuki India Ltd, posted a lower-than-expected first-quarter profit on Thursday, as forex losses and increased costs of raw materials partially offset higher sales of compact and utility vehicles.
- Nissan, Hyundai Warn of Worse to Come If Trade Tensions Escalate – Bloomberg: Nissan Motor Co. and Hyundai Motor Co. warned of more consequences from the ongoing tit-for-tat tariff war between the U.S. and its trade partners …
- Daimler braced for emissions-test impact as profit weakens – Reuters: Mercedes maker Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards hit sales.
- European shares rise as U.S.-EU trade breakthrough spurs carmakers – Reuters: European stocks jumped in early trading on Thursday following a breakthrough in U.S.-EU trade talks, buoying shares in carmakers as the market digested a flurry of company earnings reports.
- Hyundai Motor Warns of More Pain From Tariffs After Profit Drops – Bloomberg: Hyundai Motor Co. joined a growing list of carmakers warning of more troubles ahead from a prolonged trade dispute after reporting quarterly …
- Daimler Gets Reprieve on Trade Tension Masking Weak Quarter – Bloomberg:
- Peugeot Tops Renault in Market Value for First Time Since 2009 – Bloomberg: PSA Group, the maker of Peugeot and Citroen cars, surpassed French archrival Renault SA in stock-market value for the first time in almost a decade …
- BMW to recall 106317 vehicles starting next month – Yonhap: BMW Korea will voluntarily recall 106,317 vehicles to fix a faulty component that may cause fires in the engine area of 42 …
- Daimler Q2 profit hit by WLTP emissions, clouding outlook – Reuters: Daimler’s second-quarter profit fell 30 percent due to weaker pricing at Mercedes-Benz Cars, currency headwinds …
- Hyundai Motor profit disappoints on US slump, slow China – Reuters: Hyundai Motor Co’s (005380.KS) quarterly net profit slumped 14 percent, missing estimates by a large margin, as the South …
- Settlement reached in Petrobras’ Texas refinery emissions case – Reuters: A U.S. unit of Brazilian state-run company Petrobras agreed to pay $3.5 million to settle a lawsuit over alleged toxic emissions from its Pasadena, Texas, oil refinery, two environmental groups said.
- Jaguar Land Rover Debt Investors Run for Cover on Tariff Threats – Bloomberg: Escalating trade tensions and Brexit are taking a toll on Jaguar Land Rover in the credit market, where the cost of insuring the company’s bonds has …
- Is Toyota considering another sports car? – Autocar:
- Hyundai to supply 1200 Ioniq hybrid cars to Singapore – Yonhap: Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it will supply 1,200 Ioniq hybrid passenger …
- Mercedes Brings the A Class Sedan to US to Take on Smallest From Audi, BMW, Volvo – Bloomberg: Tonight in Brooklyn, Mercedes-Benz introduced the car it will pit against the likes of the tiny Audi A3, the BMW 1-Series, and the Volvo S60: the 2019 …
- Ford warns of potential $11bn restructuring charge – FT: Ford spooked investors with a potential $11bn restructuring charge and cancelled a much-anticipated investor day, adding additional bad news on top …
- Elon Musk Might Call Your Boss If You Write About Shorting Tesla Stock – Fortune: Some Tesla critics believe the automaker could be on a path to failure, but its CEO and founder, Elon Musk, still finds time for the personal touch. In recent months the executive-who is also CEO of SpaceX and heavily involved in the Boring Co…
- US Auto Industry Feels Tariff Bite – Bloomberg: Ford Motor joined General Motors and Fiat Chrysler Automobiles in lowering forecasts, making Wednesday arguably the worst day Detroit has seen …
- Hitch your Buick to a custom wooden boat – Detroitnews: Buick is probably the most organically designed, like a boat, say its exterior design director
- Big Auto Makers Trim Forecasts – WSJ: GM, Ford and Fiat Chrysler reduced their financial outlooks as steel and aluminum tariffs took a toll.
- China launches pilot EV battery recycling schemes – Reuters: China will launch a pilot electric vehicle battery recycling scheme in 17 cities and regions, the industry ministry said, with …
