- Breakingviews – Daimler’s new CEO to drive without steering wheel – Reuters: Breakingviews) – Daimler is doing its best to reverse out of a tight corner as it switches chief executives. The risk is that its well-intentioned manoeuvre will leave the new boss driving without a … Swede Ola Kaellenius, who is …
- Nissan blames latest improper emissions, mileage tests on ‘low awareness’ of Japanese rules – Automotive News: The Nissan case is the latest incident of data tampering that has tarnished Japan’s manufacturing industry and its reputation for high-quality, efficient production.
- Ford CEO Says Metals Tariffs Took About $1 Billion From Profits – Bloomberg: Daybreak: Americas” at the …
- Tesla Is Offering Customers Incentives in an End-of-Quarter Push – Yahoo: Tesla Inc. is offering incentives and tapping an army of brand-loving volunteers in a frantic push to boost sales and deliveries before the end of the quarter. If the final days of the second quarter were all about trying to prove to investors that …
- Why another rate hike could kill some cheap auto lease deals – Freep: A string of rate hikes by the Federal Reserve will lead to some less attractive car lease deals in the future, experts say.
- Top Uber executive disciplined last year after probe into office conduct: WSJ – Reuters: Uber’s head of corporate development, Cameron Poetzscher, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers, the Wall Street Journal reported on Wednesday, citing people familiar with the…
- The Highs and Lows of Dr. Z’s Daimler Tenure – Bloomberg: Dieter Zetsche plans to step down next year as chief executive officer of Daimler AG, the inventor of the automobile. During 12 years in charge, the executive – easily recognizable by his trademark walrus mustache – has left an indelible mark on the …
- Philippine inventor Kyxz Mendiola aims to cut travel times with passenger drone – Automotive News: Kyxz Mendiola has unveiled what he calls a flying sports car that represents the future of transport, riding it out of a warehouse towards a cheering crowd, leaving a cloud of dust in his wake.
- Warren Buffett Has Made a Killing Off China’s Biggest Electric Car Maker – Fortune: 26, 2008, Berkshire Hathaway Inc. (brk-b) agreed to buy what is now equivalent to 24.59% of BYD Co.’s Hong Kong-traded stock. Those shares in …
- Maserati reveals limited-run Ghibli Ribelle – Autocar: Special edition gets more kit and black-and-red theme; 200 examples are allocated to Europe, with all three engine options available Maserati has revealed the Ghibli Ribelle, a limited-run edition of its entry-level saloon planned for only 200 units…
- BMW’s First Profit Warning in Decade Adds Fuel to Board Tension – Bloomberg: BMW AG’s first profit warning in a decade comes on top of existing leadership tension under Chief Executive Officer Harald Krueger, who’s tasked with reviving sales momentum and staving off encroaching competitors like Mercedes-Benz and Tesla Inc.
- Buffett’s China car bet rakes in $1.3B in a decade – Detroitnews: How has the king of buy-and-hold investment fared in China? Not bad, based on a bet Warren Buffett made a decade ago. On Sept. 26, 2008, Berkshire Hathaway Inc. agreed to buy what is now equivalent to 24.59 percent of BYD Co.’s Hong Kong-traded …
- 900bhp Ford Mustang RTR is first to drift around the Nurburgring – Autocar: The 13 miles of drifting required three sets of tyres, an increase in the car”s steering lock angle and two camera drones Champion drift driver Vaughn Gittin Jr has become the first person to drift all the way around the Nürburgring Nordschleife,…
- Renault-Nissan-Mitsubishi boss Carlos Ghosn vows to stick around – Automotive News: Those bracing for a potentially radical change in Renault-Nissan-Mitsubishi can rely on one thing: Its driving force staying put.
- Tesla Offers Incentives, Taps Volunteers in End-of-Quarter Rush to Boost Deliveries – Bloomberg: If the final days of the second quarter were all about trying to prove to investors that Tesla can ramp up output of its mission-critical Model 3 electric sedan, then the third period is about getting the cars out the door fast enough to drive up …
- Buffett’s China Car Bet Rakes in $1.3 Billion in a Decade – Bloomberg: 26, 2008, Berkshire Hathaway Inc. agreed to buy what is now equivalent to 24.59 percent of BYD Co.’s Hong Kong-traded stock. Those shares in what …
- Mercedes Gets the Chance to Do Some Truly Epic Stuff – Washington Post: Dieter Zetsche, who announced Wednesday that he’s stepping down as Daimler AG’s chief executive next year, is an understated yet consummate …
- Daimler Changes CEO as It Focuses on Electric Future – WSJ: Daimler warned earlier this year that earnings would be lower than expected as a result of global trade disputes and rising costs to meet tougher emissions standards in Europe and to develop new technology for electric vehicles and self-driving cars.
- Ford EV partner Zotye lures MG’s design chief – Automotive News: Ford’s electric-vehicle JV partner, Zotye, has hired Anthony Williams-Kenny, the MG brand’s global design director from China’s SAIC.
- Top Uber executive disciplined after probe into office conduct: WSJ – Reuters: Uber’s head of corporate development, Cameron Poetzscher, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers, the Wall Street Journal reported on Wednesday, citing people familiar with the…
- JPMorgan in talks to lead Lyft’s IPO: Sources – CNBC: JPMorgan Chase is in talks about leading Lyft’s upcoming initial public offering … Since then, Lyft has hired IPO advisory firm Class V Group, and is eyeing a … Lyft’s and Uber’s IPOs will test investor tolerance for lack of profitability … Tech…
- Mayra González – Fortune: González made waves as the first woman and youngest-ever leader of a country within the Nissan group. And the group she runs is significant: Nissan is Mexico’s largest automaker, and it enjoyed a roughly 24% market share in the country in 2017. While …
- Philippine inventor aims to cut travel times with passenger drone – Reuters: A Philippine inventor has unveiled what he calls a flying sports car that represents the future of transport, riding it out of a warehouse toward a cheering crowd, leaving a cloud of dust in his wake.
- Exclusive: Carmakers trigger Brexit contingency plans as ‘no deal’ fears grow – Reuters: Carmakers in Britain have triggered some Brexit contingency plans, such as certifying models in the EU, and are working on redrawing production schedules and stockpiling more parts to defend against any loss of unfettered trade after Brexit.
- Top Uber Deal Maker Disciplined After Probe Into Office Conduct – WSJ: Uber executive Cameron Poetzscher, who played a key role in negotiating SoftBank”s investment in the ride-hailing firm, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers.
- Daimler boss Dieter Zetsche to step down in 2019 – Autocar: Daimler boss Dieter Zetsche will step down next year from his position of chairman of the board of management at the automotive giant and will be replaced by group research and Mercedes-Benz development boss, Ola Källenius. Zetsche, who has been on …
- Nissan reveals more misconduct in its final report on falsified data – Nikkei: TOKYO — Nissan Motor submitted the final report of its internal investigation to the Ministry of Land, Infrastructure, Transport and Tourism on Wednesday about a series of scandals that recently rocked the company, revealing additional missteps …
- Hyundai unveils i30 Fastback N – Autocar: The i30 Fastback N”s sweeping roof gives it a drag co-efficient of 0.297 New member of the N performance range combines ‘sophistication and driver fun’ The Hyundai i30 Fastback N has been unveiled ahead of the Paris motor show, and the firm believes…
- Nissan blames latest improper tests on ‘low awareness’ of rules – Reuters: Nissan Motor Co said on Wednesday an “extremely low awareness” of the seriousness of inspection standards and rules had led to improper measuring of exhaust emissions and fuel economy in vehicle models made in Japan.
- Daimler chief executive to step down in preparation for taking chair – FT: Mercedes-parent Daimler said chief executive Dieter Zetsche will step down in 2019 and be appointed to the supervisory board, setting the stage for him to become chairman of the group in 2021. The Stuttgart-based group also said Mr Zetsche would be …
- Daimler names Kaellenius as CEO from 2019, Zetsche proposed as chairman – Reuters: Daimler AG said on Wednesday it would appoint Ola Kaellenius as chief executive in 2019 and that current CEO Dieter Zetsche would move to the supervisory board in 2021.
- Exclusive: JPMorgan in talks to lead Lyft’s IPO – Reuters: JPMorgan Chase & Co is in talks about leading Lyft Inc’s upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft’s larger…
- Carmakers trigger Brexit contingency plans as no deal uncertainty grows – Reuters: Carmakers in Britain have triggered some Brexit contingency plans such as certifying models in Europe and are working on redrawing production schedules and stockpiling more parts to defend against any loss of unfettered trade after Brexit.
- Daimler Names New CEO With Zetsche Stepping Down in 2019 – Bloomberg: . Zetsche is to set to step down next year ahead of a …
- Suzuki reports more faulty vehicle inspections – Nikkei: TOKYO — Japanese automaker Suzuki Motor, rocked over recent revelations that its employees had conducted emissions tests improperly, on Wednesday reported additional malpractice to the Japanese Transport Ministry. Suzuki on Aug. 9 announced that …
- Antitrust fine against two ride-sharing giants called ‘less impactful than a slap on the wrist’ – CNBC: The combined $9.5 million in fines are not significant to large tech firms like Uber and Grab, Corrine Png, CEO of transport research consultancy Crucial Perspective, told CNBC.
- Nikkei extends rally to 8th session as U.S. rate hike hopes lift large caps – Reuters: * Suzuki tumbles after report co reports to ministry about improper emissions testing
- Japan lunar exploration firm to head for moon on SpaceX rockets – Reuters: Japanese lunar exploration startup Ispace said it has signed up for launches on Elon Musk’s SpaceX rockets in 2020 and 2021, its first step towards offering services such as searching for water on the moon.
- Increased gas use could reduce diesel demand, says Indian Oil executive – Reuters: India’s biggest state-owned refiner Indian Oil Corp Ltd said on Wednesday that a gradual rise in India’s natural gas consumption could reduce local diesel demand.
- Grab halts late-night car-pooling in Singapore after driver complaints – Reuters: Ride-hailing firm Grab said on Wednesday it would stop offering car-pooling services during late-night hours in Singapore after drivers complained about some passengers being drunk and argumentative.
- German taxpayers will not finance diesel retrofits: minister – Reuters: German Transport Minister Andreas Scheuer said on Wednesday that his plan to battle air pollution in cities by retrofitting older diesel vehicles would neither use taxpayer money nor money from the car owners.
- Toyota to launch new corporate car-sharing service in Europe – Nikkei: TOKYO — Toyota Motor will launch car-sharing services for corporate clients in Europe, starting in Demark and Spain in the spring of 2019. The service will be called Yuko and based on the system used by Toyota’s car-sharing program for individual …
- Ford starts online sales in U.K. – Automotive News: Ford has attempted online sales twice previously in the U.K., its biggest European market, without success. The automaker now believes the market is ready.
- Hyundai Chases Spark-Compression Technology with USD5-Million Grant – Yahoo: South Korean carmaker Hyundai announced Monday, September 24 that it won a grant worth USD4.95 million from the US Department of Energy (DOE) to support the development of its advanced mixed-mode gasoline spark-compression engine. Hyundai …
- A $2 Billion Investment Helped Renault Turn Around a Russian Punchline – Bloomberg: Over the past decade, Renault has invested $2 billion in AvtoVAZ, the formerly state-owned company that makes Ladas. But a sharp drop in the ruble, economic sanctions following Russia’s annexation of Crimea, and the growing presence of other foreign …
- BMW weighs future of diesel offerings in Canada – Automotive News: The market for diesel fuel vehicles in Canada has been on the decline since Volkswagen AG admitted in 2016 to installing software on its diesel engines to cheat U.S. emissions tests. The cheat software allowed the vehicles to emit more pollutants than …
- Audi turns spotlight on e-tron – Automotive News: Audi showed the e-tron last week in San Francisco. The 2019 Audi e-tron boasts an efficient 95-kilowatt-hour battery, standard all-wheel drive and a host of interconnected goodies to make owning Audi’s first full-electric vehicle more enjoyable. It …
- Tesla HR Chief Suggested Promoting UAW Advocates to Safety Jobs – Bloomberg: Tesla Inc.’s human resources boss emailed with Chief Executive Officer Elon Musk about offering employees promotions that could prevent them from …
- Tesla Supplier Ganfeng Lithium Seeks $676 Million in Share Sale – Bloomberg: Ganfeng Lithium said earlier this month it signed a three-year pact with Tesla Inc. to supply a fifth of its production to the U.S. electric car maker. Shares …
- Labor Voices: Sensible fuel policies can create jobs – Detroitnews: Fuel efficiency is our auto industry’s future – plain and simple. From electric vehicles to full-sized pickups, fuel efficiency is improving across the …
- Renault-Nissan-Mitsubishi, Google Team Up to Develop Next-Gen Infotainment – Yahoo: The Renault-Nissan-Mitsubishi Alliance has teamed up with Google to develop a next-generation infotainment system. The said infotainment system is said to be integrated with intelligent features and it will start to make its way to the production cars …
- Uber scores legal victory over drivers who want employee benefits – CBS News: Uber saw a major victory in court Tuesday when a federal appeals court in San Francisco ruled that its drivers cannot sue the company as a class, but …
- German carmakers test autonomous vehicles in China – FT: “I think it is a great chance . . . when there are not too many regulations and standards at the moment,” said Alexander Pesch, Audi’s director of automated driving. The group will partner with Huawei and China Mobile for telematics. Daimler said in …
- Experts discuss the future of autonomous vehicles – Latimes: Automobile manufacturers such as Tesla and General Motors have partial self-driving vehicles on the road today, and some experts think fully autonomous vehicles are just around the corner. Assemblywoman Laura Friedman (D-Glendale) hosted a forum …