- The dirt on ‘clean’ electric cars is just under the hood – Automotive News: Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium ion batteries in places with some of the most polluting grids in the world.
- Elon Musk says Tesla owners who ordered full self-driving EVs to get chip upgrade – Automotive News: A new chip that improves Autopilot features will be available six months in advance to people who ordered the full self-driving version of the electric cars.
- Uber proposals value the company at $120 billion in a possible IPO: WSJ – CNBC: Uber Technologies recently received proposals from Wall Street banks valuing the company at as much as $120 billion in an initial public offering that …
- Ford’s new Territory crossover part of plan to regain lost ground in China – Automotive News: Ford, while unveiling its new Territory crossover, said its plan to release a spate of new models will help turn around tumbling sales in the world’s top auto market from the start of next year.
- TomTom loses Volvo contract – Automotive News: That fed into concerns of critics who said a deal Google made last month with Renault, another TomTom customer, meant the company risked being relegated to third place in its main market.
- Musk says new autopilot chip to be available in six months – Reuters: Tesla Inc Chief Executive Officer Elon Musk said a new chip that improves autopilot features would be available in about six months in all of the company’s new production electric cars.
- Audi to pay mega fine in VW’s latest dieselgate fallout – Yahoo: Frankfurt am Main (AFP) – Auto giant Volkswagen cleared a new hurdle in its “dieselgate” scandal Tuesday, paying a hefty fine to close a German investigation into subsidiary Audi, but the group is not yet in the clear over its years of emissions cheating.
- Volvo shares slump as firm warns vehicles may be failing emission legal limits – CNBC: The company has said the largest number of engines affected would be in North America and Europe.
- Sharing More Than Just Rides in Car-Maker Alliances – WSJ: Auto makers are increasingly partnering with each other and their would-be rivals in Silicon Valley to pursue new ventures in self-driving cars.
- Geely-backed flying-car developer Terrafugia starts taking orders – Automotive News: Terrafugia, a U.S. flying-car developer owned by Chinese automaker Geely, has begun taking orders for its first product, the Transition, a two-seat aircraft that can switch between driving and flying modes in less than one minute.
- Walmart pairs with Advance Auto Parts to create online specialty auto parts store – CNBC: Walmart on Tuesday announced a 2019 partnership with Advance Auto Parts to create a specialty auto parts store on Walmart.com.
- Movement rises to keep humans, not robots, in the driver’s seat – Freep: As carmakers and tech companies push to put robot cars on the road next year, a resistance rises to preserve a car culture.
- Car Companies Look to Each Other, Silicon Valley for Self-Driving Ventures – WSJ: As part of the deal, Honda committed to investing $2.75 billion in GM’s self-driving-car unit GM Cruise LLC over the next 12 years. The investment comes on top of a commitment to Cruise of more than $2 billion from SoftBank Group Corp.’s Vision Fund in …
- Daimler, BMW offer concessions to ease EU concerns on car-sharing deal – Reuters: German luxury carmakers Daimler and BMW have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on Tuesday.
- Audi Agrees to Pay $927 Million Fine to Settle Emission Case – Bloomberg: Volkswagen AG’s Audi unit will pay a fine of 800 million euros ($927 million) to settle an investigation by German prosecutors into the carmaker’s cheating on emissions regulation. The penalty, which Audi accepted and won’t appeal, consists of 5 …
- Volvo Trucks Emissions Warning Spooks Investors – Washington Post: If your aim was to pen a statement likely to put the fear of God into investors in the automotive industry, it would probably read something like the one Volvo AB published on Tuesday. “Nitrogen oxide,” “North America,” and “material” financial impact …
- Skoda Scala nameplate revealed for new compact model – Yahoo: Skoda will replace the aging Rapid Spaceback with a brand new model that will be larger and positioned as a direct competitor to the Volkswagen Golf on the European market. To distance itself from its humble predecessor, the model will receive a new …
- Future Is Electric, Says Volkswagen’s Stackmann – Bloomberg: Markets: China Open.” (Source …
- 2019 Hyundai Nexo Fuel Cell Debuts in US – Yahoo: Hyundai introduced a new eco-friendly car for the US market, the 2019 Hyundai Nexo fuel cell electric. The Nexo is described as the new technological flagship of Hyundai’s eco-vehicle lineup. It also previews the Korean automaker’s current progress in …
- All Systems Go for Nissan’s Formula E Debut – Yahoo: With that in mind, Nissan is all set to for its on-track Formula E debut at the racing series’ preseason testing in Valencia, Spain, which will run from October 16 to 19. The Nissan e.dams team will have three days of testing at Circuit Ricardo Tormo …
- Rolls-Royce Will Never Make a Hybrid Car: CEO – Bloomberg: The press launch was the first time the 6,000-pound SUV had been driven publicly in North America, timed to get out word of the vehicle’s off-road …
- TomTom earnings beat expectations on digital mapping sales – Reuters: 18 TomTom shares lost a quarter of their value in one day as Google announced a far-reaching supply deal with a group of carmakers including Renault (RENA.PA), Nissan (7201.T) and Mitsubishi (7211.T). Analysts said that would relegate TomTom to a …
- German carmakers have 50 percent chance of staying ahead, VW says – Reuters: Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen Chief Executive Herbert Diess said on Tuesday.
- Volvo warns some truck engines could be exceeding emission limits – Yahoo: STOCKHOLM (Reuters) – Swedish truckmaker Volvo warned on Tuesday that an emissions control component used in its trucks was degrading more quickly than expected, which could cause engines to exceed emission limits for nitrogen oxides.
- Volkswagen CEO says German carmakers have only 50 percent chance of staying ahead – Reuters: FRANKFURT (Reuters) – Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen (VOWG_p.DE) Chief Executive …
- Hyundai Motor’s leverage to improve over next 12-18 months: Moody’s – Yonhap: SEOUL, Oct. 16 (Yonhap) — Moody’s Investors Service, a global credit rating agency, on Tuesday said it expected Hyundai Motor Group’s financial leverage to improve over the next 18 months on increasing profitability. The financial status of Hyundai …
- Renault Samsung aims to win 10 pct of light commercial car market by 2020 – Yonhap: SEOUL, Oct. 16 (Yonhap) — Renault Samsung Motors Corp., the South Korean unit of Renault S.A., on Tuesday launched its Master van in Korea, with an aim to achieve 10 percent of the domestic light commercial vehicle (LCV) market by 2020. The country’s …
- Around 100000 Opel vehicles to be recalled in diesel probe: ministry – Reuters: Should (a mandatory recall) be ordered, Opel will challenge it legally, said the carmaker . German prosecutors searched offices at Opel’s sites in Ruesselsheim and Kaiserslautern earlier on Monday. The Frankfurt prosecutor’s office said it was …
- The Dirt on Clean Electric Cars – Bloomberg: Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium-ion …
- Ford releases new Territory mid-size SUV in China to boost sales – CNBC:
- Porsche planning electric SUV and Tesla Roadster rival – Autocar: He referred to the electric sport ute as a large SUV, hinting at a Cayenne-sized vehicle, which will likely be a re-engineered version of Audi’s e-tron. Expect it as a standalone model with the Cayenne to continue alongside. The manufacturer announced …
- Red Dot names Hyundai as brand of the year 2018 – Yonhap: SEOUL, Oct. 16 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, has won the Red Dot Design Award 2018 as the brand of the year, the company said Tuesday. “The company won the award as it has sought partnerships with non-auto …
- GM Adds Optional Extended Warranty That Lasts Up to Six Years – Yahoo: From Car and Driver. General Motors is now offering an extra two years on its factory warranty at a relatively modest upcharge. GM’s extended warranty upgrades Chevrolet and GMC vehicles to five-year/60,000-mile coverage, up from the standard …
