- Chinese Truck-Hailing App On Course for $10 Billion Valuation – WSJ: Manbang Group, a Chinese truck-hailing platform that counts SoftBank and Alphabet as investors, is seeking to raise $1 billion in new funding.
- MG HS revealed in China as Nissan Qashqai rival – Autocar: MG”s latest high-rider takes the brand”s SUV offering up to three; it”s expected to reach the UK in coming months MG has revealed the HS, its latest SUV, in China. The car is a production version of the X-Motion concept, which was revealed at the…
- Canada’s Magna lowers production forecast on expected hit from tariffs – Reuters: Canadian auto parts maker Magna International Inc lowered its full-year production forecast for North America, hurt in part by tariffs imposed by the Trump administration.
- Refreshed Kia Optima range led by £33,350 Sportswagon GT fast estate – Autocar: Kia’s saloon and its Sportswagon estate sibling get revised looks along with extra petrol and diesel engines; revised Optima range starts at £22,260 Kia has updated its Optima saloon and Optima Sportswagon estate with revised styling, new engines and…
- Ford unveils low-cost SUV in China, where automaker has struggled – Freep:
- Volkswagen Grand California unveiled in production form – Autocar: California XXL concept morphs into Grand California for production, and it’ll make its public debut at the Dusseldorf Caravan Salon Volkswagen has revealed the production version of the California XXL will be called the Grand California. The…
- New electric London taxis head to Scotland – Yahoo: London’s new breed of all-electric taxis have finally started making their way … Meanwhile for Cabbies, LEVC has chosen the Union Motor Company …
- How Elon Musk turned the phrase ‘funding secured’ into the meme of the moment – Yahoo: So it’s perhaps no surprise that a tweet from the Tesla, SpaceX and Boring Company chief has become a meme. It all began when Musk tweeted …
- Ford Bid to Reverse China-Sales Drop Starts With New SUV – WSJ: Ford unveiled a new sport-utility vehicle tailored for buyers outside China”s cosmopolitan centers, as the U.S. auto maker seeks to revive its fortunes in the world”s largest car market.
- German start-up trials solar car that can charge as you drive – Reuters: (This Aug 7 story has been corrected to show Sion cannot be charged from other electric cars, remove reference to production taking place at German plants and correct number of orders to 6,500.)
- Musk’s dream of taking Tesla private bumps up against reality – FT: Elon Musk’s email to employees was very clear on why he wants to remove Tesla from the public markets. It was very light on details about how he plans to do it. The quarterly earnings cycle “puts enormous pressure on Tesla to make decisions that may be…
- Japan Display’s Q1 loss narrows on automotive panel sales, cost cuts – Reuters: Japan Display Inc reported on Wednesday a narrower loss for April-June, helped by strong sales of automotive displays and by cost cuts.
- Ford to launch new basic SUV in bid to revive China business – Reuters: Ford Motor said on Wednesday it will launch in China early next year a new entry-level sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market.
- Fully autonomous cars could be a fantasy – Autocar: BMW”s Vision Next 100 explores the future of mobility BMW”s Ian Robertson questions the viability of ‘brain-off” self-driving car technology Fully autonomous cars may never be allowed on many public roads, according to BMW”s special representative to…
- Elon Musk’s Tesla buyout would reengineer take-private deals – Reuters: Billionaire investor Elon Musk has always done things his own way, from designing space rockets to manufacturing electric cars. Now the Tesla Inc CEO is looking to reengineer how a company can be taken private.
- Insight: Inside Tesla’s troubled New York solar factory – Reuters: Tesla Inc’s production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees…
- 10 millionth Mustang shatters sports car record; Ford to celebrate – Freep: Ford to celebrate 10 millionth Mustang with fighter jets and car show.
- Aston Martin Valkyrie AMR Pro might have been underrated – Autocar: Aston Martin claimed late last year that the Valkyrie AMR Pro will pull over 3gs during hard cornering and 3.5gs under hard braking. The 820kW …
- For Elon Musk, an $82 Billion Gambit to Silence Tesla’s Critics – Bloomberg: Seemingly out of the blue, Elon Musk proclaimed that he might pull his money-losing Tesla Inc. off the market. Taking the electric-car company private at the price he touted would amount to an $82 billion valuation, a monumental sum that left many …