- Tesla is set to soar after promises of a profitable second half – CNBC: It’s a welcome stock bump for investors, who sent Tesla shares skidding more than 5 percent after the company’s last earnings report in May
- Trump Administration Moves to Ease Fuel-Efficiency Rules – WSJ: The Trump administration is proposing to freeze fuel-efficiency standards for cars and light trucks in 2020, a move that will ease rules for auto makers and also likely intensify a legal fight with California.
- Wall Street believes this could be the turning point for Tesla. Here are the highlights from every major analyst – CNBC: Wall Street warmed on Tesla after chief executive Elon Musk said the electric car maker beat Wall Street’s revenue expectations, apologized for prior bad manners toward analysts and reiterated a promise for future profitability.
- Elon Musk makes the ‘most valuable apology of all time’ on Tesla’s earnings call – CNBC: Tesla shares surged in after-hours trading Wednesday after Elon Musk apologized to Wall Street analysts over his behavior on the company’s previous conference call.
- White House proposes weaker auto emissions rules, overriding California – Reuters: The Trump administration on Thursday moved to revoke California’s authority to set its own strict tailpipe emissions rules and mandate the sale of electric vehicles, as it proposed weakening Obama-era federal fuel efficiency standards.
- Highlights of Elon Musk on Tesla’s earnings call: ‘I would like to apologize’ – CNBC: Tesla CEO Elon Musk’s second-quarter earnings call took a more measured and apologetic tone on Wednesday.
- Lexus LC Limited Edition set for Paris motor show – Autocar: LC Limited Edition brings exclusive yellow paintwork and yellow suede inside; only 10 examples will come to the UK Lexus has revealed the Limited Edition version of its LC coupe, which gets an exclusive interior and exterior design features. On the…
- Production BMW X7: patent images reveal final design – Autocar: BMW’s largest SUV will focus on US and Chinese markets but will be sold in the UK from February 2019; there will be a hybrid version This is what the production BMW X7 will look like, according to patent images which have surfaced on the internet. The…
- Tesla CEO Elon Musk’s $5 Billion Apology Tour – Fortune: Among the many faces of Elon Musk-for a glimpse of how many, look no further than the Musk memes-the Tesla CEO seems to have found the persona most likely to make him rich: Apologetic Elon. Tesla stock surged as much as 13% Wednesday evening …
- Ferrari 812 Superfast – Autocar: Is Maranello”s most powerful series-production road car yet also its most riveting – or do rivals from Aston Martin and Bentley deliver a better grand touring experience? M is for ‘modificato” – or modified. Ferrari has used the letter as a suffix on…
- Is 2019 Hyundai Veloster among the last of the sporty compacts? – Freep: Hyundai’s sporty Veloster turbo has plenty of features for the dollar. Will anybody care?
- Fiat Chrysler Has to Turn Jeep Around to Compete in China – WSJ: New Fiat Chrysler CEO Mike Manley once promised that China would be its global engine of growth. But the company”s first-half performance there was one of the weakest for any international auto maker.
- BMW sees 5-10 pct sales growth in China despite tariffs – Reuters: BMW expects China sales to rise between 5 and 10 percent this year, despite the introduction of 40 percent import tariffs on vehicles imported from the United States since July.
- Marchionne’s Unfinished Business: Selling Jeeps in China – Bloomberg: With customers such as Cui steering away from Jeep, the brand has hit a wall in China even as the auto market there expanded almost 5 percent in …
- Continental still open to battery cell production – Reuters: German auto supplier Continental said it was still open to the idea of making batteries for electric vehicles but that the …
- Why Tesla’s Billion-Dollar China Play Is Key to Its Survival – Bloomberg: Demand for electric cars will continue to gain ground in what is the world’s fastest-growing auto and consumer market, as the government — which is …
- European shares fall as Siemens, BMW disappointments hit DAX – Reuters: A selloff in European shares was extended on Thursday with Germany’s DAX taking the brunt of investors’ anxieties over trade, while results from industrial conglomerate Siemens disappointed and Europe’s biggest asset manager, Amundi, impressed the market.
- BMW second-quarter profit drops less than expected – Reuters: German carmaker BMW (BMWG.DE) reported a smaller than expected 6 percent decline in second-quarter operating profit, …
- Suzuki posts record profit on strong global auto sales – Reuters: Suzuki Motor Corp on Thursday posted a record-high operating profit in the first quarter, outpacing expectations on the back of a strong rise in global automobile sales, particularly in its biggest market India.
- Tesla: increased Model 3 production boosts revenues – Autocar: Increased Tesla Model 3 production helped the firm increase revenue in the second quarter of 2018 – although it still made heavy losses Californian company posts record losses, but company boss Elon Musk says it is closing on profitability due to…
- Suzuki posts 37 pct jump in Q1 profit on strong global auto sales – Reuters: Suzuki Motor Corp on Thursday posted a better-than-expected 37 percent jump in first-quarter operating profit on a strong …
- Nissan hybrids in the pipeline as brand expands electrification push – Autocar: Production version of IMx Kuro concept will be pure electric Brand is turning to mild and plug-in hybrids to increase its line-up of electrified cars; 35% of Nissan”s European sales will be electrified by 2025 Nissan will launch a range of hybrid…
- New Aston Martin Lagonda saloon to lead firm’s electric charge in 2021 – Autocar: The Lagonda Vision Concept previews a production saloon Luxury Lagonda saloon will be first series-production electric model for car maker; it’ll rival the Rolls-Royce Phantom Aston Martin”s reborn ultra-luxury marque, Lagonda, will spearhead the…
- BMW Backs Profit Goals Despite Exposure to Trump Trade Wars – Bloomberg: BMW AG is sticking with its annual profit targets, even as the German automaker finds itself in the crosshairs of a U.S.-China trade spat.
- BMW Second-Quarter Profit Declines on Slowdown in China Sales – Bloomberg: After China said it would lower import tariffs from July 1, consumers held back on buying cars, demanding price reductions. At the same time, BMW has …
- Prodrive boss plans amphibious car for production – Autocar: £150,000 car-boat inspired by the Watercar Panther could make production, with a torquey diesel engine and £150,000 price tag David Richards” Prodrive engineering company is developing an amphibious car that could make production. The idea is inspired…
- Spain taxi strike over Uber ends after six-day standstill – Reuters: Spanish taxi drivers ended a six-day national strike late on Wednesday after the government agreed to limit licences granted to online ride-hailing services such as Uber.
- China’s electric car startup XPeng valued at 25 bln yuan in latest fundraising – Reuters: China’s Xpeng Motors raised 4 billion yuan ($587 million) in its latest fundraising round, valuing the electric car startup at nearly 25 billion yuan, it said on Thursday.
- Musk’s Mea Culpa and Relief Over Cash Mark Tesla’s Turning Point – Bloomberg: Tesla burned through less cash than Wall Street feared in the second quarter, sending shares higher after the close of regular trading. The stock soared after Musk apologized to the two analysts he scorned three months earlier for asking “bonehead” and …
- It’s an Execution Story for Tesla Going Forward, Says GBH Insights’ Ives – Bloomberg: ) …
- Mercedes ‘spa” tool can soothe, fix posture – Detroitnews: ‘Spa on wheels” experiences in new Mercedes CLS adjust music, lighting, temperature and massage functions
- Intuition: It’s what self-driving cars lack – Detroitnews: Driving accident-free is more complicated than cold, hard analytics.
- Grab Pulls In $2 Billion to Finance Ride-Hailing Battle – Bloomberg: Singapore’s Grab raised $1 billion from financial investors on top of the $1 billion it secured from Toyota Motor Corp., as Southeast Asia’s leading …
- Tesla sued over claims it ran man’s dream car project off the road – Guardian:
- 2018 Jaguar I-Pace – Detroitnews: http://rssfeeds.detroitnews.com/~/i/562044140/0/detroit/autosinsider
- Make Cars Great Again – WSJ: The 2012 standards were designed to encourage the development and sale of electric vehicles. Today electric vehicles are only about 1.5% of new …
- Tesla’s Drama Isn’t Over Yet – Bloomberg: Tesla Inc.’s past few months have produced even more drama than usual: CEO Elon Musk’s refusal to answer “dry” analyst questions; his Trumpian media tirade and #Pravduh thingy; Kanye; an alleged saboteur (or wannabe whistleblower); and, of course,…
- Uber, Lyft and Via Offered to Make a Fund for Taxi Drivers. The New York City Council Declined It – Fortune: The New York City Council, considering regulations on ride-hailing apps offered by Uber and others, rejected an offer by three companies to create a …
- Hyundai, Kia show strong SUV sales in US for July – Yonhap: Hyundai Motor and Kia Motors both showed increased sales of their SUVs in the United States in July despite an …