- VW Set to End the Reign of Embattled Audi Chief – WSJ: Volkswagen is expected to announce as soon as today that they are terminating the contract of Rupert Stadler, the chief executive of Audi, who has been in jail for months in connection with the diesel emissions-cheating scandal.
- Tesla board should thank Musk and then ask him to exit his role, says former GM exec Bob Lutz – CNBC: on Friday. “The company is one disastrous mess,” Lutz said in a “Squawk Box” interview.
- Lotus reveals plans for overhauled Hethel HQ – Autocar: The renovation is a clear sign of investment by Lotus’s new owner, Geely; the Chinese giant took control of the British brand in mid-2017. Geely plans to invest £1.5 billion in the brand, with a view to pushing Lotus into a league closer to Porsche in …
- Factbox: Impact of latest round of trade tariffs on European companies – Reuters: ST) and its Chinese owner Geely GEELY.UL have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks. ** Bayer (BAYGn.DE) said it would be difficult to predict 2019 earnings, because the …
- Audi SQ2: 296bhp hot SUV revealed – Autocar: The new Audi SQ2 Hot SUV takes on the BMW X2 M35i with engine from the Golf R and subtle exterior upgrades Audi has revealed the SQ2 ahead of its official debut at the Paris motor show, with 296bhp on tap and an electronically limited 155mph top…
- Tall order: How 6ft 4in Swede won Daimler’s top job – FT: Ola Kallenius, the 6ft 4in Swede who was this week appointed the first non-German chief executive at Daimler, appears to have won over the sceptics. At last, concerns that this natural salesperson lacked technical competence when he was given the task …
- Tesla set to fall after Musk accused of securities fraud – FT: Shares in Tesla are set to start trading sharply lower on Friday following last night’s lawsuit against founder and chief executive Elon Musk by US regulators over his claims of a buyout of the electric car maker. Tesla stock was 12.5 per cent lower in …
- Citi downgrades Tesla to sell, says the stock is too risky to buy even after big pullback – CNBC: Citigroup downgraded Tesla’s stock to a sell rating Friday in light of a suit filed by the Securities and Exchange Commission against the electric car maker’s chief executive, Elon Musk.
- UK markets watchdog to probe car and home insurance charges – Reuters: Britain’s markets watchdog is launching a study into how insurers charge for home and motor coverage amid concerns that costs can be higher for long-standing customers than new ones.
- SEC lawsuit sends Tesla shares tumbling – Reuters: Shares of Tesla Inc dived 11 percent in early trading on Friday after U.S. regulators accused Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company.
- F-150, Ram, Silverado: ‘The best 3 trucks ever built’ go to war – Freep: Fiat Chrysler’s five-year plan, outlined this spring, aspires for Ram to overtake Silverado as the nation’s No. 2 pickup. But truck buyers are a loyal bunch. History suggests shoppers don’t switch brands lightly. The F-Series is not just the best …
- Tesla’s Musk pulled plug on settlement with SEC at last minute – CNBC: ‘s Andrew Ross Sorkin on Friday, citing sources. But, these people say Musk pulled out of the agreement at the last minute. Under the terms …
- SEC’s Musk Suit Risks Tesla’s Future – WSJ: The legal threat from securities regulators to ban Elon Musk from Tesla raises the specter of a once-unfathomable exit that would potentially have dire consequences for the electric-car company.
- German diesel deal must include hardware refits – environment ministry – Reuters: Germany’s environment ministry is sticking with its demand that any agreement on how to tackle pollution from diesel vehicles include hardware upgrades, a spokesman for the ministry said on Friday.
- Nafta Isn’t Dead Yet, Despite Missed Deadline – WSJ: Does President Trump”s finding that Nafta talks with Canada are at an impasse mean the imminent breakup of the continentwide free-trade zone? Probably not, say people familiar with the process. Some questions and answers about what could come next.
- A Tesla Without Elon Musk Would Threaten Electric-Car Maker’s Future – WSJ: … that would potentially have dire consequences for the electric-car company. … “Tesla requires positive news flow around the future of the company, …
- Elon Musk could lose control of Tesla due to fraud charge – Autocar: US Securities and Exchange Commission has accused Musk of “false and misleading tweets” regarding taking Tesla private The US Securities and Exchange Commission (SEC) has charged Tesla CEO Elon Musk with securities fraud, stating that his recent…
- Factbox – ‘Funding secured’: SEC gives timeline surrounding tweet from Tesla’s Musk – Reuters: The U.S. Securities and Exchange Commission accused Tesla Inc Chief Executive Officer Elon Musk of fraud and sought to remove him from the role, saying he made a series of “false and misleading” tweets about potentially taking the company private.
- Elon Musk’s $420 Share Price for Taking Tesla Private? That Was About Weed-and Impressing His Girlfriend – Fortune: It turns out that the price Elon Musk came up with to take Tesla Inc. (tsla, +6.66%) private really was about weed, and that the embattled chief executive officer tweeted the figure to impress his girlfriend, the rapper Grimes. The U.S. Securities and …
- Audi Q5 to introduce next-generation plug-in hybrid next year – Autocar: The Q5 will be the first Audi to get the new PHEV powertrain, which promises to increase electric-only range above 40 miles The new Audi Q5 range will receive its first hybrid model next year when the Q5 e-tron quattro lands, and is set to be the…
- Volkswagen Expected to Terminate Audi CEO’s Contract – WSJ: The announcement is expected to come after a meeting of Volkswagen’s directors in Wolfsburg on Friday, but could still be delayed over technical issues, the people said. There is, however, no doubt that Mr. Stadler’s long career at Volkswagen and Audi …
- Swiss group Sika opens auto products plant in Mexico – Reuters: Swiss adhesives and construction chemicals group Sika is opening an automotive products factory in Mexico to supply the country’s booming car sector, it said on Friday.
- Mercedes promises ‘dynamic’ new B class – Automotive News: Mercedes-Benz says the new B-class compact minivan will look and feel more … “The B-class is part of a significant and promising segment,” Mercedes … 1.3-liter turbocharged gasoline engine developed with Renault-Nissan. … models built on…
- German carmakers may offer diesel upgrade vouchers in compromise: FAZ – Reuters: German carmakers may offer owners of vehicles affected by driving bans vouchers for hardware upgrades by suppliers such as Baumot or HJS, German daily Frankfurter Allgemeine Zeitung (FAZ) reported on Friday, without citing sources.
- When Meituan Stops Chasing Didi It Might Be Profitable – Bloomberg: It will take more than just an exit from car hailing to make Meituan profitable (it still faces those pesky non-operating items). But with Wang himself …
- Volkswagen will support retrofitting of older diesel cars in Germany – source – Reuters: HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) is prepared to support hardware retrofits for older diesel vehicles and offer incentives for drivers to swap some older diesel vehicles for newer ones, a person familiar with the matter said on Thursday.
- VW will support retrofitting of older diesel cars in Germany – source – Reuters: * VW agrees to install better exhaust filters on older diesel cars
- CORRECTED-UPDATE 1-VW will support retrofitting of older diesel cars in Germany – source – CNBC: HAMBURG, Sept 27 (Reuters) – Volkswagen is prepared to support hardware retrofits for older diesel vehicles and offer incentives for drivers to swap some older diesel vehicles for newer ones, a person familiar with the matter said on Thursday. VW Chief …
- SEC says Musk chose $420 price for Tesla shares because it’s a pot reference – CNBC: Elon Musk called SEC allegations of fraud “unjustified” and said he acted in the best interests of investors.
- Updated BMW i3 gets greater range – Autocar: New 120Ah battery replaces 94Ah unit of the current model BMW’s i division has upgraded the electric-powered i3 with a new battery that is claimed to extend its range by almost 30 per cent under everyday driving conditions. The new 120Ah lithium-ion…
- Tesla is ‘on the precipice of financial collapse’ – CNBC: Live TV …
- DS 7 Crossback – Autocar: PSA”s luxury brand takes on the established order with its new SUV flagship, which comes with plenty of Gallic charm Despite only being established as a standalone brand in 2014, DS Automobiles” fledgling status as a manufacturer in its own right…
- With Driverless Cars Investors Don’t Care If You’re First – Bloomberg: In the race to build safe and affordable driverless vehicles, being first to deliver isn’t fetching a premium from investors. French startup Navya SAS would know: the first standalone self-driving company to be publicly traded has sold 15 of its …
- Germany Grapples to Find Exit From Diesel-Emissions Crisis – Bloomberg: Automakers, including BMW AG and Daimler AG, are expected to play … Last year, car manufacturers offered rebates, such as 2,000 euros ($2,335) …
- Tesla without Musk? SEC suit raises unthinkable prospect – Automotive News: It is nearly impossible to imagine Tesla without Elon Musk — its chairman, CEO, largest shareholder and public face. But the SEC’s lawsuit has raised questions about the executive’s future at the EV maker.
- Without Musk, Tesla is just a car company with too much debt: Analyst – CNBC: D.R. Barton, chief technical analyst at MoneyMorning.com, weighs in on the SEC’s fraud charges against Tesla CEO Elon Musk.
- Super Promo from Hyundai! Pay as Low as PhP22,000 For a New Accent! – Yahoo: Hyundai has managed to shed its image as a low-budget car option and has now become a global car manufacturer to contend with. Over the past decade, Hyundai cars have grown in value, so now it sits elbow-to-elbow with some of the biggest car brands …
- Automobili Pininfarina PF0 partners with Rimac for electric powertrain and battery tech – Autocar: Development on debut electric hypercar steps up with new hires from Porsche and Formula One, ahead of Geneva 2019 public reveal Automobil Pininfarina has released more details of the forthcoming PF0 hypercar, confirming it will use powertrain and…
- Tesla’s Elon Musk is a liar, he will do anything to keep … – Yahoo: Tesla’s Elon Musk is a liar, he will do anything to keep … CNBC Videos September 27, 2018. Bill Smith, president and CIO at Blaine Capital, weighs in on Tesla’s CEO Elon Musk being sued by the Securities and Exchange Commission on Thursday. Reblog.
- Nismo graces Note with extra hybrid power – Autocar: Nissan has revealed the upgraded Note e-Power Nismo S for Japan, which adds some kit and tasty power boost compared to 2015s non-S version. While the Leaf Nismo was revealed earlier this year with stiffened suspension, new body bits, and a flashy …
- Tesla Without Musk? SEC Raises Once Unthinkable Prospect – Bloomberg: Tesla and its board “are fully confident in Elon, his integrity, and his leadership of the company,” they said in a joint statement Thursday. “Our focus …
- SEC’s Musk Lawsuit Highlights Dangers of Social Media Disclosures – WSJ: … a CEO who serves as the face and primary spokesman of a company. … last month that floated the possibility of taking the electric-car maker private.
- In photos: Brett Kavanaugh’s testimony – Axios: Ford and Kavanaugh both fought back tears as they told the committee about … An angry and tearful Brett Kavanaugh accused the Democrats of a devious ….. statements related to his abandoned efforts to take Tesla Motors private.
- Tesla shares drop as much as 13% after SEC charges CEO Elon Musk with fraud – Yahoo: Shares of Tesla (TSLA) dropped sharply in after-hours trading Thursday after court documents showed the Securities and Exchange Commission is suing Elon Musk for fraud . Sources close to the company told CNBC the company was also expecting to be…
- Global M&A volume flattens in third quarter as trade tensions loom – Reuters: O) $18 billion acquisition of software maker CA Inc (CA. … tweeted that he had the funding secured to take electric car maker, Tesla Motors Inc (TSLA.