- Tesla’s Chief Accounting Officer Dave Morton resigns after just a month – CNBC: In a statement, Morton said he resigned because of “the level of public attention placed on the company.”
- Elon Musk Appears to Smoke Cannabis in Lengthy Interview – WSJ: Tesla”s Elon Musk appeared to smoke marijuana during a live interview, in which he spoke for more than 2½ hours on topics ranging from the dangers of artificial intelligence to his use of Twitter.
- VW Group names Dahlheim as new sales chief – Automotive News: VW Group appointed Christian Dahlheim as its new head of group sales, effective October 1. Dalheim replaces Fred Kappler, who will retire from the company.
- Ferrari chairman sees great future with new CEO – Automotive News: Under new CEO Louis Camilleri, Ferrari is determined to be as successful as it was under his predecessor Sergio Marchionne, the chairman of the Italian supercar maker said.
- New Mercedes B-Class to join expanded compact car family – Autocar: The B-Class has grown slightly in size Third-generation five-seat MPV has been spotted testing ahead of UK sales starting in early 2019 Mercedes-Benz is set to reveal the fourth of up to eight new compact models at the upcoming Paris motor show with…
- Tesla’s Musk smokes marijuana on comedy podcast – Reuters: He then backed off from his plan saying Tesla was better off as a public company. He followed it up with fresh attacks on British cave diver Vernon Unsworth. Buzzfeed News reported earlier in the week that Musk, in an email to the news site, called …
- Volvo has autonomous vehicle safety covered like a blanket – Automotive News: Volvo injury prevention specialist Lotta Jakobsson, who is one of the preeminent engineers in the field of passenger protection, has created the first generation of a blanket with integrated straps that will be prominent in what she calls the “hard …
- Elon Musk smokes week, sips whiskey on comedy show – Automotive News: Elon Musk sipped whiskey and smoked marijuana during a podcast a California comedian that touched upon everything from flame throwers and artificial intelligence to the end of the universe.
- A Major Short Seller Is Suing Elon Musk Over His Tweet About Taking Tesla Private – Fortune: Tesla is a lemon and Elon Musk’s claim that he was taking it private was a fraudulent red herring, according to investor Andrew Left of Citron Research in a class action lawsuit filed yesterday against Musk and Tesla (tsla, +3.92%). On August 7, Musk …
- Hedge fund Elliott calls for fresh revamp at Hyundai Motor Group – Reuters: U.S. activist hedge fund Elliott Management made fresh proposals to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own plan.
- VW faces 9.2 billion euros investor suit over dieselgate scandal – Reuters: Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015.
- PREVIEW-VW faces 9.2 bln euros investor suit over dieselgate scandal – Reuters: FRANKFURT, Sept 7 (Reuters) – Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in …
- Elon Musk smokes joint during live interview in latest episode of series of bizarre behaviour – Yahoo: The Tesla-founding billionaire took a drag during an appearance on the Joe Rogan Experience podcast, as well as swigging whisky. The two-and-a-half hour interview covered everything from artificial intelligence to Tesla, his private space company …
- Volvo envisions a future where you travel in a private business-class pod – Yahoo: Volvo envisions a future where motorists travel in private, business-class-like pods instead of flying. The Swedish firm has introduced an innovative concept car named 360c that sheds insight into how autonomous driving technology can replace many …
- FCA chief Manley will name his new management team this month – Automotive News: FCA CEO Mike Manley will announce his management team by the end of September, the company’s chairman said at a shareholder meeting.
- Slovak car sector pushes economy into higher gear – Reuters: ) – Slovak economic growth accelerated in the second quarter, statistics office data showed on Friday, supported mainly by foreign demand as the nation’s car plants increased production. Gross …
- Elon Musk says China has an advantage because its politicians are better at science – CNBC: Musk appeared on comedian Joe Rogan’s podcast, “The Joe Rogan Experience,” where he talked about a range of topics including artificial intelligence.
- Elliott ups pressure on Hyundai Motor over overhaul plan – Yonhap: SEOUL, Sept. 7 (Yonhap) — U.S. activist fund Elliott Management has further tightened the screws on Hyundai Motor Group, calling on the South Korean automaker to adopt a fresh restructuring plan. Raising objections to Hyundai’s earlier plan to …
- Tesla May Ultimately Be the Winner in Nevada’s ‘Toss-Up’ Senate Race – Bloomberg: New …
- All-New Volkswagen T-Cross Set to Debut Next Month – Yahoo: Just when we thought we’ve seen it all, along comes another strong contender in the crossover scene: the Volkswagen T-Cross. Considered the smallest (and coolest) Urban SUV in the company’s lineup, this crossover will be revealed in October this year …
- Tesla CEO Elon Musk smokes weed on Joe Rogan’s podcast – CNBC: The Tesla chief executive was speaking with comedian Joe Rogan, an advocate of legalizing weed, on his live internet show when he was handed the joint. Asked whether he had tried it before, the entrepreneur said: “Yeah, I think I tried one once.”.
- Ferrari to build a future as good as its past with new CEO: Chairman – Reuters: Under new CEO Louis Camilleri, Ferrari is determined to be as successful as it was under his predecessor Sergio Marchionne, the chairman of the Italian supercar maker told a shareholder meeting to approve Camilleri’s appointment.
- Musk Smokes Weed, Drinks Whiskey on California Comedian’s Show – Bloomberg: “I’m not a regular smoker of weed,” the Tesla Inc. chief executive officer said late Thursday on the podcast, which was shown live on the internet. Musk, 47, took one drag from what Rogan described as a joint containing tobacco mixed with marijuana …
- Hyundai to become smart mobility solutions provider – Yonhap: By Kim Kwang-tae. SEOUL, Sept. 7 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, will transform itself into a smart mobility solutions provider, a top executive said Friday, in an ambitious plan to stay ahead of global …
- Fiat Chrysler new CEO will announce plans for organization by end month – Reuters: Fiat Chrysler new CEO Mike Manley will announce his organizational plans for the car maker by the end of September, the group’s chairman said at a shareholder meeting called to vote on the appointment of the new manager after former Chief Executive…
- India to launch policy to promote electric vehicles: Modi – Reuters: India will soon launch a new policy to boost the production and use of electric and alternate fuels-driven vehicles, Prime Minister Narendra Modi said on Friday, as the world’s third biggest oil consumer tries to cut its import bill.
- Ex-Rolls-Royce design director joins China FAW Group – Autocar: Giles Taylor will lead Munich-based FAW Advanced Design Centre working on Hongqi brand Former Rolls-Royce Director of Design, Giles Taylor, has joined China-based FAW Group luxury brand Hongqi. Holding the position of Global Vice President of Design…
- Suzuki to start testing EV prototype in India from October – chairman – Reuters: The parent of India’s top-selling automaker, Maruti Suzuki Ltd (MRTI.NS), would start production of lithium-ion batteries for automobiles at its plant in western India from 2020, he said. The company would launch EVs in India around 2020 in cooperation …
- Focus: Japan’s Nidec sees EVs driving profits as it plans for future – Reuters: Since starting Nidec in 1973 in a tiny Kyoto shed with just three workers, Shigenobu Nagamori has built it into the world’s top maker of precision motors and became one of Japan’s most venerated business leaders.
- How Mercedes plans to launch EQC electric vehicle — carefully, gradually – Automotive News: Mercedes’ main concern is monitoring the expensive lithium ion battery in its new EQC electric crossover, rather than ramping up assembly in plants in Germany and China.
- Elliott Playing Nice With Hyundai Isn’t Working – Bloomberg: Singer’s Elliott Management Corp. was again spurned by Hyundai Motor Group after making a renewed push to force a restructuring of the conglomerate. Hyundai declined the fund’s invitation to discuss a new proposal, citing possible breaches of local …
- Elliott demands fresh revamp at Hyundai Motor Group – Reuters: U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh restructuring proposal after forcing the South Korean conglomerate to abandon its own reform plan in May.
- Audi E-Tron Electric SUV Gets Production Green Light – Yahoo: Audi has started the production stage for the E-Tron, which is the German automaker’s first all-electric SUV. The E-Tron will be making its world debut …
- Activist Investor Elliott Escalates Campaign Against Hyundai Motor – WSJ: SEOUL-U.S. activist investor Elliott Management Corp. stepped up a campaign against South Korea’s Hyundai Motor Group , laying the groundwork for what could be a public battle over corporate reform at South Korea’s second-largest conglomerate.
- Mexico wants steel dispute ended before new NAFTA signed: minister – Reuters: Mexico wants to end to a tariff dispute over steel and aluminum with the United States prior to signing off on a reworked trade agreement with its northern neighbor, Mexican Economy Minister Ildefonso Guajardo said on Thursday.
- Woods, McIlroy share the lead with 62 at BMW – Yahoo: Woods, McIlroy share the lead with 62 at BMW. PGA.com Sep 6, 2018, 5:12 PM. In the opening round of the 2018 BMW Championship, Tiger Woods and Rory McIlroy jump up the leaderboard and card 8-under 62’s to share the lead over Xander Schauffele …
- How Ford is tackling its restructuring – Detroitnews: Dearborn – Ford Motor Co.’s $25 billion global restructuring is targeting its vast manufacturing and product development system, as well as its troubled operations in Europe and South America – the regions most likely to be hit with job cuts. The …
- Mazda PH Extends Discounts for Flood-Damaged Mazda Vehicles – Yahoo: With the onslaught of heavy seasonal rains and the accompanying floods that have ravaged wide areas of Luzon, many Mazda car owners are now bearing the brunt of the flood damage sustained by their vehicles. Luzon-based Mazda car owners can now …
- Australian regulator accepts compliance undertaking from Volkswagen – Reuters: The Australian Competition and Consumer Commission said the undertaking was not related to its ongoing litigation against Volkswagen and Audi for alleged false or misleading diesel emissions claims. Reporting by Ambar Warrick in Bengaluru; Editing by …
- Japan’s Nidec sees electric vehicles driving profits as it plans for future – Reuters: Since starting Nidec in 1973 in a tiny Kyoto shed with just three workers, Shigenobu Nagamori has built it into the world’s …
- These are the most and least reliable car brands on sale now – Autocar: Up the top was Suzuki, which scored 97.7 per cent, followed by Lexus, Toyota, Mitsubishi and Subaru in the top six. Kia split the Japanese brands up in fourth position, with sister brand Hyundai in ninth. Delving into specific models, the Toyota Yaris …