- Tesla’s stock drops 3% after Elon Musk gives up taking company private – CNBC: Tesla shares fell on the first day of trading after chief executive Elon Musk said he is ditching efforts to take the company private. The electric car …
- Facing Uncertain Road in U.S., Japan Auto Makers Look to China – WSJ: Nissan Motor said it has started producing its first made-for-China electric car, leading a wave of electric vehicles planned by Japanese makers looking to boost sales in the country.
- Tesla shares dip 3 percent after Musk abandons buyout – Reuters: Shares in Tesla Inc fell just over 3 percent on Monday after it abandoned a plan to take the electric carmaker private, with some analysts suggesting it should either replace Chief Executive Elon Musk or appoint another strong senior manager.
- Why KKR, a private-equity firm, taking over Fiat Chrysler’s parts unit would make sense – Automotive News: The auto parts business is sputtering. Enter private-equity giant KKR.
- Tesla set to open lower after Musk drops buyout plan – FT: The downshift comes ahead of the first full trading day after Tesla announced on Friday night that it will remain a public company, nearly three weeks after Mr Musk, its chief executive, stunned the world with a tweet claiming he was considering taking …
- ‘I think I had autopilot on’: Tesla driver arrested after crashing into parked firetruck – Washington Post: A 37-year-old man driving a Tesla Model S smashed into the back of a parked firetruck in San Jose at 65 miles an hour early Saturday and has since been arrested on suspicion of drunken driving, according to the California Highway Patrol. The driver …
- Tesla Stock Price Stumbles After Elon Musk Abandons Plan to Take Company Private – Fortune: Tesla’s stock price fell by as much as 5% in German trading on Monday morning, following Elon Musk’s Friday announcement that the company would …
- Questions from SEC will continue for Tesla despite take-private reversal, says pro – CNBC: Live TV …
- U.S. monitor seeks more transparency from VW over emissions – Reuters: Volkswagen’s external compliance monitor on Monday said he disagreed with some VW executives’ use of privacy and attorney client privilege rights to withhold information about a $27 billion global emissions cheating scandal.
- How much legal trouble could Fiat Chrysler, UAW face in scandal? – Freep:
- Volkswagen’s Effort to Stop Scandals Needs More Work, Report Says – New York Times: Nearly three years after Volkswagen admitted to a … After Volkswagen pleaded guilty in an American court to charges that …. 600,000 Volkswagen and Audi vehicles sold in the United States to conceal …
- John McCain Obit, Tesla U-Turn, Nafta Progress: CEO Daily for August 27, 2018 – Fortune: The plan would have forced technology mutual funds to trim their stakes; it may have let competitors such as Volkswagen take stakes in Tesla; and it would have shut out many small investors. The Saudis were also divided over the idea of backing the plan.
- Murder of Didi passenger prompts China clampdown, outrage – Reuters: China pledged on Monday to tighten oversight of its transport industry and warned that the country did not need ride-hailing firms which compromised on passenger safety, days after a Didi Chuxing passenger was raped and murdered by her driver.
- VW’s compliance monitor urges greater transparency – Reuters: Volkswagen’s external compliance monitor on Monday said he disagreed with some VW executives’ use of privacy and attorney client privilege rights to withhold information about a $27 billion global emissions cheating scandal.
- Volkswagen’s compliance monitor urges greater transparency – Reuters: Volkswagen’s (VOWG_p.DE) external compliance monitor on Monday said he disagreed with some VW …
- Putting Elon Musk’s Tesla into climate change perspective – Axios: Elon Musk and Tesla offer a gripping corporate tale and coveted electric cars, but when it comes to climate change, they are a rather minor subplot. Why it matters: Numerous other factors and technologies influence whether electric cars are actually green.
- From Ride Share to Rickshaw: Wedding-Shopping Adventures in India – New York Times: On a Tuesday in December, from the dark corridors of the Delhi Metro, we climbed the staircase of the Chawri Bazar station single file, me last, since I had no idea where we were going. We emerged on the fringes of a traffic circle, into a thick, hazy …
- European stocks boosted by NAFTA deal progress, Fed’s Powell – Reuters: * Musk drops Tesla take-private deal; German-listed shares fall (Updates prices, adds quotes, details)
- US-Mexico Nafta Deal May Come Monday, Creating Canada Opening – Bloomberg: Bloomberg the Company & Its ProductsBloomberg Anywhere Remote …. in recent weeks had largely focused on the thorny issue of car manufacturing, … While a U.S. proposal to increase tariffs on cars imported from Mexico that … Canada Tags Back In:…
- Toyota group firms to set up JV for self-driving technology – Reuters: Four Toyota Motor Corp group companies said on Monday they will form a joint venture to develop software that manages brakes, steering and other components for automated driving.
- Tesla shares fall 5 percent after Musk abandons buyout – Reuters: Trading in Tesla shares in Germany on Monday pointed to a 5 percent drop when U.S. markets open as investors reacted to Chief Executive Elon Musk’s decision to abandon plans to take the luxury electric car maker private.
- Musk’s go-private gambit collapsed as investor support withered – Automotive News: Elon Musk’s tweet that he wanted to take Tesla private was a classic move by the billionaire CEO but he was forced to abandon the idea after misreading investor support, particularly that of Saudi Arabia’s sovereign wealth fund. http:
- Trade progress, Powell boost European stocks; Tesla Germany share falls – Reuters: European shares climbed on Monday after a market-friendly speech by U.S. Fed Chairman Powell and signs of progress on a U.S.-Mexico NAFTA trade deal, which boosted car stocks.
- Tesla’s German shares fall after CEO Musk drops plan to take company private – Reuters: Germany-listed shares in Tesla fell more than 3 percent in early deals on the Tradegate exchange on Monday, after Chief Executive Elon Musk called off his bid to take the company private.
- China says ride-hailing firms that compromise passenger safety are not needed – Reuters: China’s transport ministry said on Monday that the country’s ride-hailing sector had many firms and that companies that did not provide its passengers with effective safety precautions were not needed.
- Gold lampposts, taco trucks and previously unseen ‘City of Gold’ footage: Hundreds gather to pay … – Latimes: Family, friends and fans of Jonathan Gold gathered in downtown Los Angeles on Sunday evening to celebrate the life of the late restaurant critic, who …
- Novartis’s Kymriah wins EU approval for blood cancer treatment – Reuters: Swiss drugmaker Novartis on Monday received European Commission approval for Kymriah, its CAR-T cell therapy, to treat children with a form of leukemia and adults with lymphoma.
- S. Korean consumers ask US, Germany to open probe into BMW over engine fires – Yonhap: About 1,000 consumers in South Korea on Monday asked the United States and Germany to open an investigation into BMW over its …
- Investors to get their say after Musk scuttles Tesla buyout – Reuters: Investors on Monday will render their verdict on Tesla Inc Chief Executive Elon Musk’s decision to abandon a proposed $72 billion …
- GM Powertrain Europe still going strong – Automotive News: GM threw in the towel on Europe last year, but not where diesel powertrains are concerned. http:
- McGeorge Toyota dealership trims transaction time – Automotive News: McGeorge Toyota in Henrico, Va., is saving transaction time, adding convenience for customers who don’t want to visit the dealership. http:
- VW to launch autonomous Sedric first in U.S. – Automotive News: Volkswagon plans first launch of its autonomous vehicle, Sedric, in the U.S., rather than Germany, to avoid restrictions on technology that put the European auto industry at a competitive disadvantage. http:
- Loaded trim levels from mass-market auto brands create sticker price overlap with high-end marques – Automotive News: Mass-market brands such as Ford, Honda and Kia aren’t luxury players, but the loaded upper trim levels they offer inflate prices to the point where their vehicles end up face to face with high-end brands. http:
- Study finds most Ford sedan customers say they will leave brand rather than buy crossovers, SUVs or trucks – Automotive News: Many Ford sedan owners surveyed by Cox Automotive said they’ll likely go to a rival brand for their next purchase. http:
- Redesigned 2019 Hyundai Santa Fe gets name change – Automotive News: The redesigned 2019 Hyundai Santa Fe gets several changes, starting with the name. http:
- Opel GT X Experimental concept previews ‘pure and bold’ design – Automotive News: Opel is marking its ownership switch from General Motors to PSA Group with a new design language it calls “pure and bold.” http:
- Acura unveils tweaked NSX at Monterey Car Week – Automotive News: A freshened Acura NSX debuted during Monterey Car Week festivities with a modified chassis and software tuning along with new tires. It’s available for order and deliveries are expected to begin in October. http:
- Guinness retires Joe Girard’s car-sales record after dispute – Automotive News: Joe Girard will not lose his title as the world’s best car salesman because Guinness World Records has decided to retire the category rather than settle an ugly dispute between the 89-year-old Girard and the 45-year-old who claims to have beaten him. http:
- Ford Mustang, lone survivor of brand’s car cull, takes on bigger role – Automotive News: As Ford’s other cars go away, the Mustang is taking on a bigger role in the lineup, gaining a hybrid version and inspiring an upcoming electric crossover. http:
- Jeep Wrangler fans support broad community of vendors – Automotive News: Jeep’s Wrangler is among the most accessorized vehicles in production today, according to the Specialty Equipment Market Association, with an estimated $6 billion in annual accessory sales. http:
- GM loses California retail sales index case with Folsom Chevrolet – Automotive News: General Motors may have to reconsider the way it measures dealer sales effectiveness in America’s largest car market after a recent ruling that the company’s system violates California law. http:
- Toyota takes car connectivity for a spin in world’s biggest testbed – Automotive News: Toyota is teaming with the city of Ann Arbor, Mich., to get a jumpstart on testing the car connectivity system the Japanese carmaker plans to deploy stateside in 2021. http:
- Sonic Automotive revises plan for EchoPark dealerships – Automotive News: Sonic Automotive Inc. is evolving its EchoPark stand-alone used-vehicle brand strategy, including the number of rooftops needed. http:
- Tesla prefers custom chip for autonomous vehicles – Automotive News: Tesla plans to develop a custom chip to power its upcoming autonomous hardware suite. It’s the latest example of the firm’s commitment to vertical integration, meaning it makes a lot of components in its own factories. http:
- Could Tesla survive without CEO Elon Musk? – Automotive News: With coverage of Tesla increasingly dominated by the personality and peccadilloes of CEO Elon Musk, a question that has long lurked around the edges of discourse on the company is becoming harder to ignore: What would happen if Musk was no longer… http:
- Make electrified distinctions clear – Automotive News: 6) is misleading about the differences between electric vehicles and electrified vehicles, which … PHEVs and hybrids do, but a full EV does not. So the …
- Boom years over for diesel car parts suppliers – FT: Both Jaguar Land Rover and Nissan have already shed hundreds of jobs because of the decline in diesel sales. But the impact is now rippling through …
- Mercedes’ Enigmatic Teaser Appears to Preview All-Electric EQ C – Detroit Bureau: Mercedes’ Enigmatic Teaser Appears to Preview All-Electric EQ C … details on the new Mercedes-EQ C battery-electric vehicle that will make its debut … the California EV maker will be facing some real challenges in the coming year …
- Didi Gets Rare Rebuke After A Second Carpooling Passenger Dies – Bloomberg: … as well as taxi hailing, designated drivers, minibuses and luxury cars. … including the car’s license plate number and the driver’s name to relatives, …
- Hankook Tire unveils new tire for electric vehicles – Yonhap: Hankook Tire unveils new tire for electric vehicles … The South Korean company said it will start the sales of the Kinergy AS EV tires, which … “An electric vehicle calls for a customized tire to deliver its best performance,” a source at …
- Uber chief preaches growth over short-term profit – FT: Dara Khosrowshahi has spent the last year pitching to the public and regulators a more responsible and better behaved Uber as the car-booking …
- Opinion: Self-driving car bill provides opportunity to save lives – Detroitnews: Self-driving cars and smart infrastructure enable dramatic improvements in safety and hold incredible promise to decrease deaths and serious injuries …
- Dongfeng Nissan begins production of Sylphy Zero Emission electric car – Nissan-global: The Nissan Sylphy Zero Emission, the first Nissan electric car made for China, has begun rolling off the production line.The start of production by Dongfeng Nissan Passenger Vehicle Co. (Dongfeng Nissan), Nissan”s joint venture with Dongfeng Motor…
- Tesla driver crashes, thought he was on autopilot – Detroitnews: Authorities say a Tesla driver, who said he thought his car was in Autopilot mode, crashed into the back of a firetruck in San Jose.
- China to crack down on dishonesty in transport, including ride services – Reuters: China’s state planner said on Monday that it and other government departments will crack down on dishonest and illegal conduct in the transportation sector, including taxi and internet ride-hailing services.
- BMW tops list of registered imported cars amid safety scandal – Yonhap: German carmaker BMW ranked No. 1 among imported cars registered in South Korea, industry data showed Monday, …