- Tesla shares fall after Needham downgrades to sell, citing possible increase in Model 3 cancellations – CNBC: Tesla shares fell on Thursday after Needham & Co downgraded the stock to sell from hold, citing a possible pick-up in Model 3 cancellations. “Based on our checks, refunds are outpacing deposits as cancellations accelerate,” wrote analyst Rajvindra Gill …
- Audi CEO Stadler presses for release from German custody – Reuters: Audi’s suspended Chief Executive Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail, the Munich prosecutor’s office said on Thursday.
- New Hyundai i30 N Line launched as brand’s first lukewarm variant – Autocar: N Line model receives new bumpers, larger wheels and firmer suspension to bridge gap between regular car and i30N Hyundai has launched its first N Line model for the i30 hatchback, with a more aggressive exterior design and firmer chassis set-up to…
- The Many Ways Tariffs Affect Car Makers – WSJ: Auto-industry representatives are expected to argue during a Commerce Department hearing that President Donald Trump”s proposed tariffs on auto imports would costs jobs and increase car prices.
- How General Motors is leading the race for self-driving cars – Freep: GM is in the lead in a race to bring fully autonomous cars to market.
- Hearing on auto import taxes to get underway in Washington – Freep: President Trump has proposed widespread tariffs on imported autos and auto parts and the Commerce Department is taking public comment
- Exclusive: Volvo shifts production to avoid tariffs, chases record sales – Reuters: Volvo Cars is juggling production of its top-selling SUV to avoid U.S. import tariffs, Chief Executive Hakan Samuelsson told Reuters on Thursday, as the Swedish carmaker set its sights on a fifth straight year of record sales.
- China Has 487 Electric-Car Makers, and Cities Are Clamoring for More – WSJ: Partnerships between cities and electric-car startups are springing up all over China, spurred by Beijing”s call for the country to become a world power in electric-vehicle technology and by local governments eager to jump on the bandwagon.
- For Tesla Model 3 buyers, delays could be deal-breakers – CBS News: DETROIT – In March of 2016, Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors. Tesla (TSLA) was taking $1,000 deposits for its new electric car …
- Tariffs Imperil a Hometown Business in South Carolina: BMW – New York Times:
- More extreme Renault Megane RS Trophy revealed with 296bhp – Autocar: Most potent Renault Sport model yet gets chassis upgrades for even sharper performance Renault Sport has turned the wick up on its latest hot Megane to produce the Trophy, a more potent and more driver focused take on the division”s Honda Civic Type R…
- How Volkswagen broke the Pikes Peak hillclimb all-time record – Autocar: Extreme weather posed a threat to the VW”s batteries VW”s ID R electric racer had been tipped to become the quickest car ever to climb Pikes Peak. But, as we discover, the 14,115ft Colorado mountain isn”t easily conquered Friday 22 June. It”s just…
- Volvo juggling XC60 production to avoid U.S. tariffs – CEO – Reuters: Volvo Cars is shifting XC60 SUV production for the U.S. market to Europe from China to avoid Washington’s new tariffs on Chinese imports, the Swedish carmaker said.
- Fiat Chrysler CEO could miss Q2 presentation – media – Reuters: Fiat Chrysler CEO Sergio Marchionne, who is recovering from a shoulder operation, may not be present to discuss the company’s second-quarter earnings with analysts on July 25, Italian website Lettera43 said, without attributing the information.
- Asahi Kasei to buy U.S. Sage Automotive for $1.06 bln – Reuters: Japan’s Asahi Kasei Corp said on Thursday it would buy U.S. car interior maker Sage Automotive Interiors for $1.06 bln, including debt.
- Holden looks to Toyota for leadership – Autocar:
- Volvo Cars targets sales record, facing down trade worries – Reuters: * Sales in U.S. up 40 percent in first half as tariff threat looms
- Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks – Reuters: Oil prices on Wednesday extended gains from the previous session, buoyed after official data showed that U.S. inventories of gasoline, diesel and heating oil unexpectedly fell last week.
- Nissan Leaf Nismo confirmed for production – Autocar: Nissan has announced the Leaf Nismo will go on sale at the end of July in … Nissan says the concept will provide “delicate but strong acceleration …
- Payne: Who needs luxury? GMC Acadia vs. Mazda CX-9 – Detroitnews: For $15,000 less than premium SUVs, the GMC Acadia and Mazda CX-9 offer first-class style, technology and handling
- Musk Enlisted Sierra Club to Deflect Flak Over GOP Donation – Bloomberg: Two posts from his personal account and one sent from the Sierra Club’s Twitter handle that were laudatory of Tesla’s chief executive officer and his commitment to fighting climate change rankled some Sierra Club staff, who objected to Brune’s defense …