- India to step up use of biofuels to cut oil import bill – Reuters: India aims to increase the use of biofuels to cut its oil import bill by 120 billion rupees ($1.7 billion) by 2022 and reduce carbon emissions, Prime Minister Narendra Modi said on Friday.
- Tesla shareholders who sell if EV maker goes private will be losers for one big reason: A.I. – CNBC: Tesla shares have been on the move since Elon Musk said he may take the company private at a valuation of $420 per share. Tesla shareholders who decide to sell will miss out on a future value driver: Tesla”s proprietary AI chip.
- Elon Musk Is No Longer Scaring the Shorts With Tesla Tweet Saga – Bloomberg: As fast as Tesla shares surged after Elon Musk tweeted about going private, they’ve come back down. Mounting skepticism and an inquiry by the …
- As BMW Blazes Mount, South Korea Counsels Caution – WSJ: South Korea urged owners of recalled BMWs to take their vehicles for urgent safety checks after dozens of vehicle fires were reported, which BMW has largely blamed on a faulty exhaust component.
- U.S. Car Makers Left in the Dust as China’s Tariff Cut Boosts Europe, Japan – WSJ: Auto makers exported a record $7.4 billion worth of vehicles to China last month, as European and Japanese companies took advantage of a tariff cut that excludes their U.S. counterparts.
- US Car Makers Left in the Dust as China’s Tariff Cut Boosts Europe, Japan – WSJ:
- The private equity boss who has to handle Elon Musk – FT: Antonio Gracias, the Tesla lead independent director dealing with the madcap buyout proposal launched by Elon Musk this week, is a private equity …
- New Porsche 911 spied on the autobahn – Yahoo: Development of the next-gen Porsche 911 seems to be nearing completion, and a new video has caught a test mule cruising down the autobahn.
- US carmakers must win in China, but it’s going to get more difficult – Freep: By 2025, China’s new car sales will be double those of the U.S.
- Tesla Board’s Independence Is Tested by Musk’s Buyout Idea – WSJ: Ira Ehrenpreis, who heads Tesla’s compensation committee and its nominating and governance committee, also is a SpaceX investor, as is Steve Jurvetson, a venture capitalist who is on leave from Tesla’s board. Both have been associates of Mr. Musk for …
- Philippines sets rules for ‘virtual monopolist’ Grab after Uber deal – Reuters: The Philippine competition watchdog said on Friday it has approved ride hail firm Grab’s acquisition of Uber’s operations, providing it follows rules to ensure fairness to consumers given its stranglehold of the local market.
- Hyundai i30 Fastback N confirmed for Paris motor show debut – Autocar: Sleek version of the Korean manufacturer’s 271bhp hot hatch will use the same powertrain and other key components Hyundai has confirmed the i30 Fastback N will make its debut at the Paris motor show in October. Official images have shown prototypes…
- China July vehicle sales down 4.0 pct yr/yr – industry association – Reuters: China’s automobile sales fell 4.0 percent in July from a year earlier to 1.89 million vehicles, an industry association said on Friday, as U.S. carmakers lost market share amid rising concern over the potential fallout of a Sino-U.S. trade spat.
- Philippine antitrust watchdog approves Grab-Uber merger – Nikkei:
- Tesla gives up take-private tweet gains – FT: Do autonomous electric cars dream of delisting? Forgive us if we’re a little obsessed with Elon Musk’s tease about Tesla going private. No major developments so far today, other than the shares giving up their post-tweet gains, but the FT has been …
- Suzuki and Mazda admit faking emissions tests – Nikkei:
- Ford Motor’s China sales fall 32 pct in July on continued lack of fresh models – Reuters: Ford Motor Co on Friday said its sales in China fell 32 percent in July from a year earlier to 57,662 vehicles, as the U.S. carmaker continued to suffer from a lack of fresh models in the world’s largest auto market.
- Fully-electric tuk-tuks are changing the way people get around – CNBC: Around the world, a number of big businesses are investing in electric vehicle infrastructure. At the end of June, for example, oil giant BP said it had …
- Comment: Tesla is idea rich, time poor – Autocar: Although Tesla has plenty of ideas, it doesn’t appear to have the infrastructure to put them into practice just yet Although Elon Musk can look to 2020 and believe with some confidence that Tesla could have two significant technological leads over the…
- Japan’s Aisin expects up to 40 bln yen impact if U.S. raises auto tariffs to 25 pct – Reuters: Japan’s Aisin Seiki Co said on Friday it expected to take a hit of up to 40 billion yen if the United States raises tariffs on autos and auto parts.
- Indiana Senate candidate’s brand markets Chinese auto parts – Chicago Tribune:
- Graduates of SpaceX, NASA and Stanford are building an internet in space – CNBC: The firm Audacy wants its networked satellites to be operational by 2020.
- Apple re-hires former top Tesla engineer – FT: One of Tesla’s former top engineers, Doug Field, has returned to Apple, bolstering the iPhone maker’s automotive expertise at a time of intense …
- Doug Field, former Tesla engineering chief, returns to Apple – Reuters: Doug Field, who stepped down as the senior vice president of engineering at Telsa Inc last month, is returning to Apple Inc , Apple told Reuters on Thursday.
- Uber pullout eases strain on Southeast Asia’s top taxi operator – Nikkei:
- How Elon Musk’s Twitter Blocking Could Land Him In SEC Trouble – Fortune: Elon Musk’s tweet Tuesday announcing that he was “considering taking Tesla private” may have been illegal-but not for the reasons many people …
- Ford bringing back Mustang to NASCAR’s top level – Chicago Tribune:
- Porsche quietly reveals Cayman GT4 Clubsport Rally Concept – Autocar: Porsche might actually put it into production. A decision is expected to be made later this year. Given how well off-road 911s go, how good would this …
- 3 Years Ago, Uber Beat Back a Cap on Vehicles. What’s Changed? A Lot. – New York Times: Despite the popularity of Uber, Lyft and other ride-sharing services, the … Since 2015, Uber has faced very public complaints over discrimination.