- With Tariff Deadline at Hand, Businesses Brace for the Fallout – WSJ: Businesses are bracing for disruptions in sales and supply chains as the U.S. and China hurtle toward levying tit-for-tat tariffs on billions of dollars in automotive products, farm crops and other goods.
- How ‘Made in China 2025’ will succeed, despite Trump – CNBC: The state-driven plan to retool China”s industries might let it compete in areas like automation, microchips and self-driving cars, The New York Times reports.
- Fiat 500 Spiaggina by Garage Italia is coachbuilt nod to 1950s oddity – Autocar: Fiat is celebrating the 60th anniversary of the 500 Jolly Spiaggina with two special edition 500s – The 60th anniversary of the 500 Jolly Spiaggina spawns two spin-offs – one far more conventional than the other Fiat is celebrating the 60th…
- Uber-Grab Deal Reduced Competition, Singapore’s Antimonopoly Watchdog Finds – WSJ: Uber”s merger with Southeast Asian rival Grab hit a road bump after regulators said the deal reduced ride-hailing competition in the city.
- Jaguar Land Rover warns `bad Brexit’ to erode $1.6 bn – Nikkei:
- London electric cab maker joins in Brexit warnings – Reuters: The London EV Company, the maker of London’s familiar black cabs, has joined a chorus of carmakers warning about the impact that a hard Brexit could have on business, with its chairman saying it could dismantle Britain’s rejuvenated car industry.
- Stock futures rise on hint of tariff concessions – Reuters: U.S. stock index futures ticked higher on Thursday, as signs that Washington may ease back on plans for tariffs on European cars pushed automakers higher across the board, offsetting further signs of tension with China.
- Global Markets: Full-throttle car rally drives back trade gloom – Reuters: European shares headed for a third day of gains on Thursday as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia.
- US STOCKS-Futures rise on hint of tariff concessions – Reuters: U.S. stock index futures ticked higher on Thursday, as signs that Washington may ease back on plans for tariffs on European cars pushed automakers higher across the board, offsetting further signs of tension with China.
- Stocks making the biggest moves in the premarket: ERJ, BA, TSLA, NFLX & more – CNBC: Tesla allegedly eliminated a standard brake test as it raced to meet a production deadline for its Model 3 sedan, according to industry …
- UK PM May takes views of business seriously after carmaker Jaguar warning – spokesman – Reuters: British Prime Minister Theresa May takes the views of business seriously and looks forward to providing more detail on the future relationship with the European Union in a so-called white paper policy document, her spokesman said on Thursday.
- Singapore proposes fines on Grab, Uber, says merger harms competition – Reuters: * Says may require deal’s unwinding but adds that may not be feasible (Adds comments from CCCS and analysts)
- 2019 Suzuki Jimny engine and gearbox options revealed – Autocar: Larger 1.5-litre petrol engine for next-gen SUV, along with more rugged styling and upmarket interior Suzuki has revealed European specs for the upcoming next-generation Jimny, which is due in Britain in 2019. It will arrive with a single engine…
- Elon Musk often blows up at critics, but when Consumer Reports complains, even Tesla’s CEO listens – CNBC: Tesla CEO Elon Musk has no reluctance in lashing out at journalists. Or Wall Street analysts. Or employees. But when Consumer Reports opened its …
- Ford says no plans to hike China prices despite new tariffs – Reuters: * Not raising prices will hit margins on import sales (Adds details, context)
- U.S. tells German car bosses it could abandon tariff threat – source – Reuters: * Autos trade body VDA says talks are at political level (Adds comments by German automotive association VDA)
- Tesla Model 3 To Finally Make European Debut At Goodwood – Yahoo: The Tesla Model 3 has had a difficult gestation period but finally the Silicon Valley startup’s first affordable offering is making its way to Europe. The car’s first appearance on the other side of the pond will be at the Goodwood Festival of Speed …
- Automaker Shares Soar on US Proposal to Eliminate Tariffs – Bloomberg:
- U.S. car maker Ford says no plans for now to hike China prices – Reuters: U.S. car maker Ford Motor Co said on Thursday it has no plans currently to hike retail prices of its imported Ford and Lincoln models in China, despite steep additional tariffs on imported U.S. vehicles set to come into play on Friday.
- Jaguar Land Rover boss issues fresh hard Brexit warning – Autocar: Hard Brexit tariffs would cost JLR £1.2 billion a year and could force the company out of the UK in the worst-case scenario Jaguar Land Rover (JLR) CEO Ralf Speth has issued a warning to the UK government that a so-called hard Brexit could cost the…
- Electric LEVC TX taxi launched in Germany as company plans global expansion – Autocar: British-built range-extender taxi has also attracted interest from “many significant global markets” The new TX range-extender taxi was launched today in Germany under a new deal and has fast-developing prospects of selling in “many significant…
- Truck-Factory Backlogs Soar on Heavy Demand for Big Rigs – WSJ: Truck owners stepped up orders for big rigs at a time when buying typically slows, pushing … June is typically a weak month for truck orders. … for the heavy-duty vehicles used for long hauls meant carriers ordered new trucks at a …
- Heavy-Duty Truck Factory Backlogs Soar on Surging Orders – WSJ: Purchases of big rigs are accelerating during a normally-slow summer period as truckers respond to strong freight demand.
- New car registrations: first half of 2018 down 6.3% – Autocar: Flaccid figures released by SMMT show another downturn, with low consumer confidence and diesel backlash main culprits UK car registrations for the first half of 2018 were down 6.3% over the same period in 2017, with the lowest number of new cars…
- Elon Musk Would Be ‘Happy to Help’ Rescue the Thai Boys Stuck in a Cave – Fortune: If all else fails, Elon Musk will be there. That’s the message he shared with a Twitter user who asked if he could help rescue the Thai boys and their …
- Sale of Opel R&D arm would be ‘suicide mission’ -labour boss – Reuters: * Works council chief says difficult to agree deal (Recasts, adds comments, background)
- UK diesel car sales slump 30% while petrol races ahead – FT:
- Uber and Grab face fines and their merger being unwound by Singapore watchdog – CNBC: The Competition and Consumer Commission of Singapore (CCCS) raised concerns about the Uber and Grab merger, saying it has reduced competition and led to increased fares
- China’s Top EV Maker Starts Battery-Swap Service to Lure Users – Bloomberg: Beijing Electric Vehicle Co., the Chinese electric-car maker preparing for a stock-market listing, is starting a battery-swap service to reduce customers’ …
- UK new car sales drop 3.5 pct in April – industry data – Reuters: British new car registrations fell by an annual 3.5 percent in June, dragged down by a sharp drop in sales of diesel-powered cars, industry figures showed on Thursday.
- Donald Trump’s visit puts Brexit Britain’s dependence on show – Reuters: When Donald Trump visits Britain next week, Prime Minister Theresa May will have to face a harsh reality: Brexit makes Britain more dependent than ever on an alliance with the most unpredictable U.S. president in living memory.
- Tesla Drivers Are Getting Disgruntled in Key European Market – Bloomberg: Norway’s Consumer Council has seen a rapid increase in complaints coming from Tesla owners, it said in a report dated July 4. Customers have struggled to get in contact with customer service and several have complained about late deliveries, newswire …
- Singapore’s Regulator Considers Penalties Against Grab-Uber Deal – Bloomberg: Singapore’s competition watchdog proposed a set of measures to address higher fares and other adverse effects resulting from Grab’s acquisition of …
- BUZZ-India’s Maruti Suzuki hits near 3-mth high; chart signals more upside – Reuters: Shares of India’s largest automaker, Maruti Suzuki India Ltd, gain as much as 1.12 pct to 9,324.4 rupees, their highest since April 11. ** Stock breaks …
- European shares advance as U.S. tariff suspension hopes boost autos – Reuters: European shares rose in early deals on Thursday as hopes over a softening in U.S. trade rhetoric lifted shares in car makers, though trading remained cautious ahead of a U.S. deadline to impose tariffs on Chinese goods.
- UK car sales fall, as Jaguar Land Rover issues hard Brexit warning – Guardian:
- Singapore says Grab-Uber merger lessened competition, proposes penalties – Reuters: Singapore’s Competition and Consumer Commission said on Thursday the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on the two parties.
- Infosys, Tata Motors lead Nifty lower amid U.S. tariff overhang – Reuters: Indian shares were marginally lower on Thursday with big names such as Infosys Ltd and Tata Motors Ltd losing ground while a looming deadline for imposition of U.S. tariffs on China played on investors’ minds.
- The other British driver to watch out for at this weekend’s Silverstone GP – Autocar: Lewis Hamilton won”t be the only Brit up for a win; we speak to rising star Callum Ilott, who’s leading the GP3 series Expect to see plenty of Union Jacks being waved at this weekend”s British Grand Prix for Lewis Hamilton, fans of whom will be hoping…
- Toyota hit by turbodiesel design flaw – Autocar: Toyota Australia cannot confirm if a solution will be offered to the 170,000-plus Toyota Hilux, Fortuner and Prado vehicles already on roads across the …
- 2019 Ssangyong Korando to lead brand’s electrification plans – Autocar: Ssangyong’s next Korando has been caught testing, showing how the SUV, which could also get a diesel-electric hybrid powertrain, will look Ssangyong’s next-generation Korando SUV will lead the brand’s charge towards electrification with fully electric…
- Nissan Note tops Japan car sales rankings – Nissan-global: The Nissan Note topped Japan”s car sales rankings in the first half of 2018, the company announced today, as it rolled out upgraded versions of the popular model to give customers even more options.Nissan sold 73,380 Note compact cars in the…
- Mobike to refund $150m as bicycle-sharing market heats up – FT: Mobike to refund $150m as bicycle-sharing market heats up … a replay of the subsidy war between China’s ride-hailing giant Didi Chuxing and Uber, …
- GM uses smart manufacturing to save time, money – Detroitnews: GM’s Lansing Delta Township plant has been one of the pioneers of the automaker’s manufacturing technologies.
- Nissan Kicks proves how lucky we are to be Americans – Detroitnews: The 2018 Nissan Kicks is an amazing value that starts at $17,995
- Car Culture: Jaguar’s I-Pace juices electric vehicle market – Detroitnews: Luxe automaker beats German rivals to EV market with crossover that ticks all the boxes, John McCormick writes
- Hyundai Mobis to invest 10 pct of core parts sales revenue in R&D by 2021 – Yonhap: Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, said Thursday it will invest 10 percent of its core parts …