- Tesla narrows paint options to simplify production – Automotive News: Elon Musk’s efforts to streamline production at Tesla have gotten down to the paintwork.
- Musk says Tesla to drop some color options for cars to simplify production – Reuters: Tesla Inc will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.
- A Former Big Tesla Bull Says Musk’s ‘Erratic Behavior’ Means Stock Is No Longer Investable – Yahoo: Nomura Instinet analyst Romit Shah downgraded Tesla this morning to neutral from buy in a note titled “No Longer Investable.” The note to clients starts by pointing out that previously he’s been one of the biggest bulls on the Street since initiating …
- Chinese auto sales fall for second month in August – Washington Post: … from a South Carolina factory. American brands produce most of their vehicles in Chinese factories. Sales of pure-electric cars rose 31.7 percent from a year ago to 72,000 units. Sales of gasoline-electric hybrids jumped 130.8 percent to 28,000 …
- Trump can’t force Ford to produce in U.S., Chinese state media says – Automotive News: President Donald Trump will fail in his attempts to push Ford to produce in the U.S. instead of China, according to a China Daily editorial.
- U.S. brands losing share of shrinking Chinese auto market – Automotive News: American carmakers are losing ground in a shrinking Chinese market, and their problems are mostly tied to a lack of competitiveness rather than the trade war, an industry body said.
- New Coventry-based firm to be largest EV battery maker in UK – Autocar: Hyperbat’s first customer will be Aston Martin, and the facility will centre initially on making electric powertrains for the limited-run Rapide E electric luxury saloon. Future projects have yet to be confirmed, but company representatives claim their …
- Power outage at Ford Rouge – Detroitnews: The Ford Motor Company’s Rouge complex in Dearborn, which builds the F-150 and the Raptor, has lost power early Tuesday, a company spokeswoman confirmed. The outage took place just before 6 a.m., said spokeswoman Kelli Felker, and the plant is …
- Renesas to buy chipmaker IDT for $6.7 billion – Automotive News: Renesas, the second-biggest supplier of semiconductors used in cars, plans to expand beyond the automotive sector into data centers and communications devices.
- Former big bull on Tesla says the stock is ‘no longer investable’ due to Elon Musk’s behavior – CNBC: One of Tesla’s biggest advocates is giving up on his positive view of the carmaker’s stock because of CEO Elon Musk’s controversial behavior. Nomura Instinet lowered its rating to neutral from buy for Tesla shares, citing concerns Musk’s actions may …
- Uber just hired a Coca-Cola veteran as its first chief marketing officer – CNBC: Rebecca Messina will be tasked with bringing Uber’s global marketing teams together, the company said in an online statement. “My focus has always been on three things: people, growth and brands.”
- Volvo cars drop IPO due to trade tensions – Yahoo: China will respond if the United States takes any new steps on trade, the foreign ministry has warned, after President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States. As Sonia Legg reports …
- Canadian official visiting U.S. to talk NAFTA as time runs short – Automotive News: Canadian Foreign Minister Chrystia Freeland will meet U.S. Trade Representative Robert Lighthizer in Washington for another round of talks to renew the NAFTA trade pact, as time runs short to seal a deal.
- Electric car sales increase tenfold worldwide – Yahoo: The emergence of electric cars had been likened by Motor1’s sister publication Inside EVS to the rise of Apple and fall of Nokia in the mobile phone market. The growth of the electric car market will continue to fuel investments and attract both …
- China Auto Sales Slump on Trade Tensions, Economic Jitters – WSJ: Chinese auto sales fell in August for the second successive month, as market saturation and weak consumer confidence combined to slow the world”s biggest car market.
- EU carmakers’ lobby calls proposed 45 percent carbon dioxide cut target ‘unrealistic’ – Reuters: The European carmakers’ lobby on Tuesday called a stricter carbon dioxide reduction target proposed by EU lawmakers unrealistic and a threat to jobs and growth.
- Aston Martin to build electric cars in Wales – Yahoo: Aston Martin has confirmed that it will build electric cars at its new factory in St Athan, in South Wales. The former WW2 airfield will be home to Aston’s …
- China auto sales drop again on trade war, economic gloom – Reuters: * New-energy vehicle sales up nearly 50 pct on year in Aug (Adds analyst comment, details)
- Indonesia, South Korean firms agree to pursue $6.2 billion worth of deals – Reuters: Hyundai Engineering & Construction Co Ltd (000720.KS), which has been working on a $470 million hydro-power plant in Indonesia, signed an MOU to promote cooperation with a South Korean power utility and an Indonesian firm, a Hyundai official said …
- Black cab maker LEVC to trial range-extender van in 2019 – Autocar: The LEVC has developed a plug-in hybrid van that will be built alongside the new TX black cab The range-extended van will be second electrified vehicle from Warwickshire firm; potential customers get behind the wheel next year The London Electric…
- Could Dodge take Roadkill Nights amateur drag racing elsewhere in U.S.? – Freep: More locations are under consideration to expand the popular celebration of horsepower, which kicks off events leading to the Woodward Dream Cruise.
- Japan’s Renesas in $6.7 billion deal for US chipmaker IDT in its push into self-driving cars – CNBC: Japan’s Renesas Electronics said it had agreed to buy Integrated Device … crucial to develop autonomous driving and connected car technology.
- American Automakers Losing Ground in a Shrinking Chinese Market – Bloomberg:
- Elon Musk says Tesla is ditching some paint options to ‘simplify manufacturing’ – CNBC: Tesla is ditching two color options for its luxury electric cars, “obsidian black” and “metallic silver,” CEO Elon Musk tweeted.
- Elon Musk’s Latest Plan to Speed Tesla Production? Cut the Number of Available Paint Colors – Fortune: The electric-car maker will ditch two of seven colors offered to buyers on Wednesday to simplify manufacturing, Musk, Tesla’s chief executive officer, said in a tweet. Obsidian Black and Metallic Silver will only be available as a special request and …
- Renault to sell Master truck in S. Korea beginning next month – Yonhap: SEOUL, Sept. 11 (Yonhap) — French automaker Renault S.A. plans to sell its popular Master truck in South Korea beginning next month, its local unit said Tuesday, in the first move to break into the commercial vehicle market dominated by vehicles made …
- Volvo idles SC plant with Hurricane Florence forcing evacuations – Automotive News: Volvo Car Group will temporarily idle its brand new car factory in South Carolina after Hurricane Florence spurred orders to evacuate areas in the path of the Category 4 storm. “We have decided to shut down our plant tomorrow in light of the evacuation …
- The São Paulo taxi firm that dares to go where Uber doesn’t – Guardian: Peripheral districts have a reputation for violence and crime, and many large taxi companies and ride-hailing apps such as Uber, 99 and Cabify refuse …
- Musk Strips Paint Options in Effort to Simplify Tesla Production – Bloomberg: The electric-car maker will ditch two of seven colors offered to buyers on Wednesday to simplify manufacturing, Musk, Tesla’s chief executive officer, …
- Grab partners with Vietnamese firm for payment service – Reuters: Grab announced on Tuesday its partnership with Vietnam’s MOCA Technology and Service company (Moca) for a mobile payment service in Vietnam, as the ride-hailing firm pushes to cement its position in the Southeast Asian country.
- Trial begins in $10B investor lawsuit against Volkswagen – Yahoo: FRANKFURT – Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests. Investors are seeking almost 9 …
- Trump Can’t Make Apple or Ford Produce in US: Chinese Media – Bloomberg: President Donald Trump will fail in his attempts to push Ford and Apple to … This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!
- Exclusive: China may let provinces set own winter output curbs for heavy industry – source – Reuters: China is considering allowing its northern provinces to decide individual output cuts by heavy industry to rein in emissions during the winter, ditching an earlier plan for blanket cuts, a source said.
- China Aug vehicle sales down 3.8 pct y/y – industry association – Reuters: ) – China’s automobile sales fell 3.8 percent in August from a year earlier to 2.1 million vehicles, an industry association said on Tuesday. Last month’s sales drop follows a 4.0 percent fall in sales volume in July and an …
- Used Car Sales Consultant – Washington Post: Used Car Sales Consultant in Automotive, Consultant and Strategist with DARCARS Automotive Group. Apply Today.
- Renesas in $6.7 bln deal for IDT to boost chips for self-driving cars – Reuters: * Second major analog chip deal after paying $3.2 bln for Intersil
- Breakingviews – Didi falls way behind Uber on road to IPO – Reuters: Didi Chuxing is falling way behind Uber on the road to an initial public offering. Both ride-hailing outfits burn …
- A month since ‘take private’ tweet, markets send Tesla a message – FT: A month on from Elon Musk’s tweet suggesting that he had the “funding secured” to take Tesla private, the electric car maker faces a sober reality as it …
- Kuwait Investment Authority chief navigates politics and trendy tech – FT: The KIA has always had a visible presence in Europe and is still known today for early investments in companies like Daimler-Benz. Today, it is monitoring Chinese carmaker Geely’s stake in Daimler. Daimler has asked the KIA to raise its stake but given …
- EPA to Roll Back Obama-Era Methane Rules – WSJ: The Trump administration is about to propose its latest rollback of Obama-era climate rules, moving to ease requirements for oil-and-gas companies that were designed to limit leaks of the heat-trapping gas methane.
- Goodwood Revival Is Like an Automotive Time Warp – Yahoo: The Goodwood Revival-held annually for the past 20 years at the Goodwood Motor Circuit in West Sussex, England-celebrates the famed …
- Japan’s Renesas says it will buy U.S. chipmaker IDT for $6.7 billion – Reuters: Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc for about $6.7 billion, as it aims to compete with Nvidia and Intel Corp in self-driving car technologies.
- Lexus celebrating F’s 10th anniversary with limited editions – Autocar: “These models are the purest expression of Lexus performance,” said Paul Carroll, the Senior General Manager of Lexus New Zealand. “The limited anniversary edition vehicles celebrate Lexus’ commitment to performance through the F brand, and are built …
