- Half of VW models in Germany not compliant with new pollution standard – Reuters: German carmaker Volkswagen said only half of its VW branded passenger car models in Germany are compliant with a new pollution standard, thanks to a much tougher emissions testing regime.
- Volkswagen Earnings to Be Hit by Delays in Meeting New Emissions Rules – WSJ: Volkswagen’s namesake VW brand has an inventory backlog of tens of thousands of vehicles that haven’t yet been certified under a new emissions test that comes into force Saturday. The new test measures greenhouse-gas emissions and other tailpipe …
- Could Tesla follow Ford’s leverage strategy? – Automotive News: Now that Elon Musk’s quixotic bid to take Tesla private is dead, could the automaker raise cash by following Ford’s strategy of leveraging key assets such as the iconic Blue Oval? http:
- Tesla’s HR chief takes leave of absence amid Elon Musk’s tumult – Automotive News: Tesla’s head of human resources and facilities has been on a leave of absence as the electric-car maker has dealt with a period of intense tumult spurred by CEO Elon Musk.
- CarMax is Morgan Stanley’s top pick among US auto dealer stocks – CNBC: CarMax shares are poised to break out because of the company’s opportunity to capture more of the used car market, Morgan Stanley says.
- Why aren’t California emissions dropping? – Automotive News: A new report shows California is failing to cut greenhouse gas pollution from automobiles just as the Trump administration is poised to revoke the state’s right to regulate its tailpipes. http:
- As clock ticks, Canada and U.S. seek ways to salvage NAFTA – Reuters: Talks between Canada and the United States are intensifying as the two countries push to hammer out a deal on a revamped North American Free Trade Agreement by a Friday deadline, with both sides upbeat about the progress made so far.
- RPT-FOCUS-Inside Albemarle’s quest to reinvent the lithium market – Reuters: As global demand for lithium hits overdrive, Albemarle Corp is investing millions of dollars to engineer specialized types of the light metal for electric car batteries, part of a strategy to remain the niche market’s top producer.
- Trump administration, California meet on vehicle emissions – Automotive News: Trump administration officials and California clean air regulators emerged from a meeting saying they would keep working toward their shared the goal of one national standard. http:
- Mitsubishi ASX and Outlander diesels axed – Autocar: Mitsubishi Outlander The 1.6-litre and 2.2-litre diesel versions of the two SUVs will be replaced by electrified models Diesel variants of the Mitsubishi ASX and Outlander SUVs have been axed from the brand”s line-up, with no replacements planned….
- Uber Is Racing to Compete in the Electric Scooter Frenzy – Bloomberg: Bird and Lime pushed into new locales with the same aggressive tactics pioneered by ride-hailing companies, which has inspired similar blowback …
- (LEAD) Another BMW car catches fire in S. Korea – Yonhap: (ATTN: ADDS BMW’s statement on the 750Li). SEOUL, Aug. 30 (Yonhap) — A BMW vehicle caught fire in South Korea on Thursday amid a series of similar cases that have led the German carmaker to start a massive recall in the country. Local authorities said …
- Dyson unveils plans for extensive electric vehicle testing site – CNBC: Dyson unveils plans for extensive electric vehicle testing site … U.K. technology firm Dyson has released details of plans for electric vehicle testing tracks at a … That car is scheduled to launch in 2021, and Dyson is in the process of …
- Corporate Profits, Ford Rating, Amazon v. Bernie: CEO Daily for August 30, 2018 – Fortune: Moody’s has cut Ford’s credit rating to one notch above junk, with a … CEO Jim Hackett’s “fitness initiative” is necessary, Moody’s said, but “it will take …
- Dyson Just Unveiled Its $2.6 Billion Plan to Turn a Former Airfield into an Electric Car Test Site – Fortune: Volkswagen AG, the world’s biggest carmaker, Daimler AG and General Motors Co. all plan to offer a suite of electric vehicles starting from about next …
- To Get Ready for Robot Driving, Some Want to Reprogram Pedestrians – Bloomberg: Self-driving car advocates argue it’s people not cars that need reprogramming to prevent further fatalities on the roads. (Source: Bloomberg) …
- Dyson Moves Ahead on $2.6 Billion E-Car Plan With Test Center – Bloomberg: “Our growing automotive team is now working from Dyson’s state-of-the-art hangars at Hullavington Airfield,” Chief Executive Officer Jim Rowan said in …
- Business + Coffee: Facebook employees question liberal culture, Apple CEO cashes in, Aston Martin London IPO – Yahoo: Wednesday, August 29: 100+ Facebook employees join group calling for political diversity at Facebook; Apple CEO Tim Cook cashes in $120 million in stock options; Aston Martin prepares $6 billion IPO on London Stock Exchange. Yahoo Finance’s Dan …
- Dacia Duster – Autocar: Romania”s value champion compact crossover enters a second model generation. It still might not be as refined as other SUVs, but the Duster is very much in a class of its own The introduction of the second-generation Dacia Duster seems like a good…
- If Trump slaps auto tariffs on Canada, here’s what you’ll pay – CBS News:
- SoftBank Pulls Plug on Plans to Invest in Chinese Tesla Rival – WSJ: NIO, which has billed itself as an emerging competitor to Tesla Inc., is going public on the New York Stock Exchange. The company earlier this week launched a stock sale that could raise up to $1.32 billion. It plans to sell 160 million American …
- Another BMW car catches fire in S. Korea – Yonhap: SEOUL, Aug. 30 (Yonhap) — A BMW vehicle caught fire in South Korea on Thursday amid a series of similar cases that have led the German carmaker to start a massive recall in the country. Local authorities said a BMW 750Li automobile caught fire at 3:58 …
- Hong Kong shares snap winning streak as Chinese companies slide – Nikkei: Dongfeng Motor Group jumped 5.4% following a 15% increase in first-half net profit, the biggest percentage gainer on the gauge. Losses for Hong …
- Volvo reveals (a little) more of the 360c – Yahoo: At a time when some doubt is being cast about the public’s attitude to driverless cars and manufacturers, including Volvo, appear keen to introduce new electric vehicle sub-brands, Volvo is now giving us another glimpse of its own autonomous electric …
- Uber shortlists Japan for flying taxis – Nikkei:
- California Car Emissions Rise as Trump’s Cuts to Standards Loom – Bloomberg: The Environmental Protection Agency and the National Highway Traffic Safety Administration proposed earlier this month new auto efficiency …
- China trade fears end European shares’ recovery – Reuters: European shares fell back on Thursday, tracking a decline in Asian trading as weakness in Chinese markets eclipsed optimism that a NAFTA deal could be struck by Friday’s deadline.
- British car production falls 11% in July on model changes – Automotive News: Workers assemble a car on the production line at Jaguar’s plant in Castle Bromwich, UK. Jaguar Land Rover is the country’s largest automaker.
- Aston Martin’s Andy Palmer on stock flotation: Q&A – Autocar: We speak to Aston’s CEO to see what the IPO means to the company After Aston Martin’s long-awaited announcement confirming that it will float on the London Stock Exchange, CEO Andy Palmer talks to Autocar about whether things will change at the…
- How Dyson plans to develop electric cars – Automotive News: Dyson, best known for its vacuum cleaners and hand dryers, is charging ahead with a $2.6 billion push to start building electric cars, unveiling plans for a vehicle-testing site. http:
- Downloads of Chinese Ride App Didi Tank After Passenger’s Death – Bloomberg: Downloads of Chinese ride-hailing app Didi Chuxing have plummeted after a national outcry erupted over the alleged murder of a passenger by one …
- Trade fears regain grip on European shares, real estate stocks fall – Reuters: European shares fell back on Thursday, tracking a decline in Asian trading overnight as weakness in Chinese markets eclipsed optimism that a NAFTA deal could be struck by Friday’s deadline.
- Hyundai mulls exporting China-made cars to Southeast Asia – Yonhap: SEOUL, Aug. 30 (Yonhap) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are considering shipping some of their cars made in China to Southeast Asia amid lackluster sales in the world’s biggest automobile market. Still, a …
- Asia stocks retreat; weakness in China outweighs NAFTA trade optimism – Reuters: Asian stocks handed back earlier gains and fell on Thursday, with Chinese markets fixed firmly on risks from the China-U.S. trade war and taking little comfort from an apparent easing in business tensions in North America and Europe.
- Bugatti Veyron hits record 250 mph on public roads – Yahoo: Other than for manufacturer bragging rights, the top speed of most cars is meaningless because limits make sustained travel at over 100 mph largely …
- In pictures: What Hyundai’s N division will create next – Autocar: With the i30 N having proved Hyundai’s newly founded N division is capable of producing a stellar hot hatchback, attention is turning to what comes next. Here are some of the brand’s upcoming projects, and when you can expect to see them on the road:.
- European stocks slump amid NAFTA negotiations; GAM falls 10% – CNBC: European stocks were lower Thursday, as investors continued to monitor global trade talks and corporate earnings.
- China taps Abe, Volvo and anything that sticks in trade war – Nikkei: On Aug. 22, one day before Donald Trump’s administration slapped new tariffs on $16 billion worth of Chinese products, Asian journalists …
- BUZZ-Indian auto firms to see sluggish growth due to floods, delayed festival – Nomura – Reuters: BUZZ-Indian auto firms to see sluggish growth due to floods, delayed … Passenger vehicles to see flat sales, hit partly due to the delayed festival …
- Pressures on Didi intensify after latest passenger killing – Reuters: China’s largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times.
- Chinese companies lead Hong Kong shares lower after recent gains – Nikkei: Dongfeng Motor Group jumped 5.6% following a 15% increase in first-half net profit. China Reinsurance (Group) Corp. slumped 7.7% after net profit …
- Car manufacturing in Britain fell by 11% in July, reports SMMT – Guardian:
- Analysis: how Hyundai N is preparing for its halo car – Autocar: Biermann said early Veloster N sales in Korea are six times higher than Hyundai”s expectations Go-faster arm plans to enhance more existing Hyundais before creating its range-topper Hyundai”s N performance brand will only release a range-topping halo…
- FOCUS-Inside Albemarle’s quest to reinvent the lithium market – Reuters: As global demand for lithium hits overdrive, Albemarle Corp is investing millions of dollars to engineer specialized types of the light metal for electric car batteries, part of a strategy to remain the niche market’s top producer.
- The First Quieter Megacity, Thanks to Electric Vehicles – Bloomberg: If Shenzhen is at the forefront of metropolis-scale replacement of the combustion engine, then BYD Co. is the new Ford of China’s electrified-motor city.
- The Home of Volvo Is Turning Its Back on Swedish Establishment – Bloomberg: But torched cars are just among her concerns. … Before the car torchings, the community was shocked by the 2016 death of an eight-year-old boy of …
- Even Sharper, More Refined Lexus Reimagines its RC Luxury Sports Coupe – Toyota: Lexus today announced a new version of the RC luxury sports coupe, which is scheduled to make its global debut at the Paris Motor Show in Paris, France, from October 4, 2018 to October 15, 2018, with sales in Japan beginning in the fall of 2018.
- Aston Martin aims to rev up interest of investors – FT:
- Aston Martin plans to go public as turnaround picks up speed – Yahoo: Thomson Reuters. By Costas Pitas. LONDON (Reuters) – Luxury carmaker Aston Martin plans to float on the London Stock Exchange, completing a turnaround for the once perennially loss-making company that could now be valued at up to 5 billion pounds …
- Honda Brings CR-V Back to Home Market to Fight Nissan, Toyota – Bloomberg: Honda Motor Co. is bringing back the CR-V sport utility vehicle in Japan after a two-year hiatus, betting on the model to reclaim ground lost to rivals …
- Trudeau holds out for ‘the right deal” – Detroitnews: Canada is trying to reach an agreement to update NAFTA, but it won”t sacrifice its goal
- Musk unleashes another tweetstorm – Detroitnews: But Tesla CEO avoids writing anything that could get him in trouble with SEC
- Toyota eyes tripling output in China – Detroitnews:
- (LEAD) Hyundai Motor to create solar farm on shipping pier – Yonhap: (ATTN: UPDATES with more details in paras 2-4). SEOUL, Aug. 30 (Yonhap) — Hyundai Motor Co., South Korea’s top automaker, said Wednesday it will create a solar power plant on its export pier in the southeastern city of Ulsan to generate clean energy.
- Exclusive – Hyundai to ship China-made cars to Southeast Asia amid erratic sales recovery – Yahoo: KS> plans to ship China-made cars to Southeast Asia, its China joint venture and two people familiar with the matter told Reuters, as a plunge in Chinese sales has left much of its massive local manufacturing capacity idled. Hyundai once ranked third …
- ‘Pedo,’ ‘Private’ and ‘Pravda’: How Elon Musk’s Twitter Posts Are Getting Tesla in Trouble – Fortune: ‘Pedo,’ ‘Private’ and ‘Pravda’: How Elon Musk’s Twitter Posts Are Getting Tesla in Trouble … SpaceX, and his side ventures of building super-fast train tunnels, shipping … These Musk tweets are some of his all-time most distracting from Tesla’s…
- Trump renews attack against technology companies – Reuters: U.S. President Donald Trump on Wednesday renewed his attacks on technology companies and platforms including Twitter Inc , Facebook Inc and Alphabet Inc’s Google , saying they were “trying to silence” people.
- ANALYSIS-Pressures on Didi intensify after latest passenger slaying – Reuters: China’s largest ride-hailing … in a statement it only hired full-time drivers and used no privately owned cars.
- British car output drops annual 11 percent in July – Reuters: British car production fell 11 percent year-on-year in July, hit by model changes, seasonal adjustments and preparations for tougher new emissions standards, an industry body said on Thursday.
