- Alphabet’s Waymo begins charging passengers for self-driving cars – FT: Waymo has begun charging passengers in Arizona for rides in its autonomous cars, making it the first self-driving car developer to launch commercial services. Ruth Porat, finance chief at Google’s parent company Alphabet, which counts Waymo among what …
- Autoliv cuts 2018 growth forecast on weakness in China and Europe – Reuters: Sweden’s Autoliv , the world’s largest maker of airbags and seatbelts, cut its full-year organic sales growth forecast on Friday, citing lower demand in China and a negative emission-test related impact on car production in Europe.
- Cabin for retired leader rises as feds question UAW spending – Detroitnews: Since then, federal prosecutors have secured the convictions of seven people linked to a conspiracy in which the government says Fiat Chrysler funneled cash and things of value to UAW officials in an attempt to influence the collective-bargaining process.
- Car parts group Faurecia to buy Japan’s Clarion in $1.3 billion deal – Reuters: ) – French car parts company Faurecia (EPED.PA) has agreed to buy Japanese car navigation system maker Clarion (6796.T) from Hitachi (6501.T) in a 141 billion yen ($1.3 billion) deal to strengthen its presence in new auto technologies.
- Cheaper EV Charging Seen Under UK’s First Half-Hourly Tariff – Bloomberg: Cheaper EV Charging Seen Under U.K.’s First Half-Hourly Tariff. By … Charging your electric vehicle may be about to get a whole lot cheaper.
- China’s FAW Group sets record 1 trillion yuan credit line – Nikkei:
- David Friedman – Axios: But we’re far from having any in place around autonomous vehicles. So it’s no surprise that a recent AAA study found 73% of Americans are afraid to ride in a fully self-driving car. Where it stands: Automakers and tech companies are lobbying for a bill …
- Ford third-quarter profit beats estimates, shares rise – Yahoo: (Reuters) – Ford Motor Co (F.N) on Wednesday reported slightly higher than expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up as much as 7 percent after …
- General Motors pushes for National Zero Emissions Program – CNBC: General Motors is pushing for a National Zero Emissions Program to be adopted across all 50 states from 2021. On Friday … Alongside environmental considerations, GM’s national program would aim to “preserve U.S. industrial leadership for years to come.”.
- GM Breaks With Trump in Call for National Electric Car Mandate – Bloomberg: The Trump administration wants to end California’s requirement for automakers to sell more electric cars in the state each year. America’s biggest …
- GM wants Trump administration to back national electric vehicle program – Reuters: General Motors Co said on Friday it wants the Trump administration to back a nationwide program to boost the sale of zero emission vehicles like electric cars, even as the government has proposed ending California’s ability to require more clean vehicles.
- Great Wall Motor posts record sales drop as China car market stalls – Reuters: ) – Chinese carmaker Great Wall Motor Co Ltd reported a record quarterly sales drop and tumbling profit on Friday, amid a sharp slowdown in …
- Higher tariffs, launch costs hurt Volvo Cars’ third-quarter income – Reuters: (Reuters) – Geely-owned Swedish carmaker Volvo Cars, which postponed plans for a listing this year, reported a nearly 50 percent fall in quarterly operating income, hurt by costs from product launches and the impact of higher tariffs. A Volvo logo is …
- Honda mulls moving U.S.-bound Fit production from Mexico to Japan – Reuters: Honda Motor Co is considering shifting production of its U.S.-bound Fit subcompact cars to Japan from Mexico in a few years, partly due to a new North American trade agreement, two people familiar with the deal told Reuters.
- Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs – Yonhap: SEOUL, Oct. 26 (Yonhap) — South Korea’s leading auto parts maker, Hyundai Mobis Co., said Friday its net profit fell 6.8 percent in the third quarter from a year earlier on the won’s strength and recall-related costs. Net profit for the three months …
- Mazda expects operating income to halve from a year ago – Nikkei: TOKYO — After being hit by heavy rains that devastated western Japan in July, Mazda Motor now expects consolidated operating income to halve from a year ago to about 75 billion yen ($670 million) in the year ending March 2019. The current estimate was …
- McLaren Speedtail revealed: 250mph and 0-186mph in 12.8sec – Autocar: Speedtail features 20in front and 21in rear wheels. McLaren is working with Pirelli to develop bespoke tyres capable of reaching 250mph while also being usable at slower speeds Hyper-GT has the fastest top speed and quickest acceleration of any…
- One trillion yuan: China state carmaker FAW gains huge credit line – Nikkei: BEIJING/SHANGHAI (Reuters) — China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an eye-catching amount analysts said was mostly symbolic, albeit an important …
- Renault to double production at Dacia plant in Morocco – Automotive News: Renault will double production at its Casablanca plant to 160,000 cars annually by 2022, the state news agency MAP said.
- Self-driving cars bring new risks – and require new regulations – Axios: When we turn control over our lives to others, we expect there to be rules that keep us safe. But we’re far from having any in place around autonomous vehicles. So it’s no surprise that a recent AAA study found 73% of Americans are afraid to ride in a …
- Swerve to Save the Homeless Person or the Executive? How People Around the World Differ on Self-Driving Car Morality – Fortune: When in Rome, should self-driving cars drive as the Romans do? A huge new survey suggests that people around the world differ in their expectations of how autonomous vehicles should handle moral dilemmas. Ethicists (and, to the chagrin of many, …
- Tesla Drops and Toyota Dominates Consumer Reports Survey – Bloomberg: Tesla Inc.’s Model S has again lost a recommendation from Consumer Reports after faring below average in the magazine’s latest auto reliability survey. The brand dropped to third-worst in the rankings this year. Toyota Motor Corp.maintained its …
- UK car production plummets by 16.8 per cent in September – Yahoo: Jaguar Land Rover has today opened its state-of-the-art manufacturing facility in Nitra, Slovakia – the first time a UK automotive company has opened a production centre in Slovakia. pic.twitter.com/vIMyr5GYsw. – Jaguar Land Rover (@JLR_News) October …
- Volkswagen has held kick-off meeting for 2019 Traton IPO – Reuters: Volkswagen has held an initial meeting to discuss plans for the flotation of its trucks unit Traton, set to be Germany’s biggest of 2019, after hiring a quartet of banks to manage the potential 6 billion euro ($6.8 billion) IPO, people close to the…
- Volkswagen in talks with Waymo about mobility services partnership: Manager Magazin – Yahoo: FRANKFURT (Reuters) – Volkswagen plans a multi-billion euros investment to produce battery cells with South Korea’s SK Innovation and is exploring a European partnership in the area of mobility services with Waymo, Manager Magazin said. Volkswagen …
- Volvo Cars Q3 income falls due to launch costs, higher tariffs – Reuters: The company and its Chinese owner Geely said in September they had postponed plans to float shares in the carmaker, blaming trade tensions and a downturn in automotive stocks. Sources earlier said the company had been discussing an IPO to value the …
- Why Ford and VW are talking about a deeper alliance – Automotive News: Ford and Volkswagen are hurrying talks to broaden their alliance in ways that would help Ford reverse losses in Europe and South America and share costs for technology and small cars.