- Vietnamese carmaking startup VinFast gets $950 million credit line – Automotive News: VinFast, which aims to become Vietnam’s first domestic car manufacturer, said it has secured a 12-year credit facility for as much as $950 million to help buy machinery and equipment from German suppliers.
- 2019 Chevy Silverado with 4-cylinder engine rated at 21 mpg combined – Automotive News: The redesigned 2019 Chevrolet Silverado equipped with a new four-cylinder engine will achieve an EPA-estimated 21 mpg combined, or 20 mpg city and 23 mpg highway, in line with other entry-level pickup engines from Ford (3.
- Mercedes will roll out GLC fuel cell crossover to help refine tech – Automotive News: Mercedes will soon start handing over its GLC F-Cell model to fleet customers in a bid to refine its fuel cell technology through real-world testing.
- Germany backs EU agreement on CO2 cuts for cars – govt spokesman – Reuters: The German government welcomes and backs an agreement by European Union nations to seek a 35 percent cut in car emissions by 2030, a German government spokesman told a news conference on Wednesday.
- Germany’s Merkel says EU car emissions agreement is acceptable – Reuters: German Chancellor Angela Merkel said on Wednesday that an agreement among EU nations to seek a 35 percent cut in car emissions by 2030 was acceptable, adding that it provided certainty for carmakers.
- Ford starts production of Transit-based electric van in Germany – Automotive News: Ford has started production of an electric delivery van using technology provided by Deutsche Post startup StreetScooter.
- Automakers react cautiously to weaker CO2 target in Europe – Automotive News: Automakers reacted cautiously to a less stringent CO2 emissions target for new-car fleets in Europe but said the goal could still hit the industry’s competitiveness.
- Tesla Faces Huge Bills in 143 Days – Bloomberg: The question is whether Musk can use these 143 days to appease the Securities and Exchange Commission with changes to Tesla’s board – including his own removal as chairman – and then start producing electric cars fast enough to generate the cash …
- European environment ministers agree 35 percent car emission cut by 2030 – CNBC:
- France’s EDF aims to be market leader in electric vehicle charging – Reuters: French state-controlled utility EDF outlined plans to become a European market leader in the field of charging up electric vehicles – a potentially lucrative sector that is already proving to be a crowded market.
- Tesla Model 3: One of the World’s Safest Cars? – Yahoo: Tesla’s (NASDAQ: TSLA) Model 3 had already earned a coveted five-star rating, including a five-star rating in every subcategory, from the National Highway Traffic Safety Administration (NHTSA). But over the weekend, the electric-car maker announced a …
- Renault trying ‘anything’ except focussing on getting better – Haas – Yahoo: Haas Formula 1 boss Gunther Steiner believes Renault will “try anything instead of focusing on themselves to get better” as the two teams’ fight for fourth place increases in intensity. Renault has occupied best-of-the-rest spot in the constructors …
- Skoda Vision E: electric car to offer SUV and coupe bodystyles – Autocar: The Skoda Vision E concept The Czech maker’s upcoming zero-emission model is due in 2021 and will follow the e-Citigo Skoda”s first stand-alone electric car based on the Vision E concept is set to get both standard SUV and coupe variants, akin to the…
- Volvo, Nvidia expand autonomous driving collaboration – Automotive News: Volvo will use chipmaker Nvidia’s high-powered Drive AGX Xavier technology to help make its next-generation cars capable of up to hands-free Level 4 autonomous driving. Volvo has said it will offer a Level 4 autonomous driving by 2021.
- 2019 Ford Mondeo facelift spotted in the UK – Autocar: Volkswagen Passat rival will receive a range of styling tweaks and a new hybrid estate variant Ford will follow up the recent launch of its new Focus hatchback with an updated Mondeo, due to arrive next year and spotted in disguise on UK roads. Caught…
- Vauxhall Adam, Viva, Cascada axed – Yahoo: At Vauxhall and Opel’s Eisenach plant where the Adam (and Corsa) are built, production has already confirmed to be dropping from 37 cars an hour to 30 – a move that was enforced before the Adam’s demise was confirmed. Insignia and Astra production is …
- Chipmaker Nvidia to supply computer for Volvo’s upcoming vehicles – Reuters: Graphics chipmaker Nvidia Corp said on Wednesday that Swedish automaker Volvo would begin using its artificial intelligence computer to deliver low-level autonomous features in all its next-generation vehicles.
- U.S., European regulators investigating Google glitch – Reuters: At least two U.S. states and two European Union member states are investigating a breach at Alphabet Inc’s Google that may have exposed private profile data of at least 500,000 users to hundreds of external developers.
- Lamborghini Looks to Boost India Sales With SUV for Millionaires – Bloomberg: After selling fewer than 30 cars in the South Asian country in 2017, the Italian maker of supercars is aiming to triple the number in two years, Sharad Agarwal, head of Automobili Lamborghini SpA’s local unit, said in an interview. In comparison, the …
- BRIEF-Dongfeng Motor Group Posts September Production Volume 261308 UNITS – Yahoo: Oct 10 (Reuters) – Dongfeng Motor Group Co Ltd: * SEPTEMBER TOTAL PRODUCTION VOLUME 261,308 UNITS, DOWN 1.1 PERCENT. * SEPT TOTAL SALES VOLUME 271,134 UNITS, DOWN 3.47 PERCENT Source text for Eikon: Further company …
- Mitsubishi PH Gives Outlander PHEVs, i-MiEVs to Department of Science and Technology – Yahoo: Mitsubishi Motors Philippines Corporation (MMPC) has once again showed its commitment in helping the progress of electric and hybrid vehicles in the country. MMPC witnessed the turnover of two Outlander Plug-in Hybrid Electric Vehicles (PHEV) and two …
- BRIEF-BYD Sells 47913 Vehicles In Sept, 351571 Vehicles In Jan-Sept – Yahoo: BRIEF-BYD Sells 47,913 Vehicles In Sept, 351,571 Vehicles In Jan-Sept. Reuters 10 October 2018, 8:40 AM GMT. Oct 10 (Reuters) – Byd Co Ltd: * SAYS IT SOLD 47,913 VEHICLES IN SEPT, 351,571 VEHICLES IN JAN-SEPT Source text in Chinese: …
- Tesla Penalty Highlights Aggressive Year-End for SEC Enforcement – Bloomberg: 29 settlement with Tesla over Musk’s tweets about taking the company private came unusually fast for the SEC, where investigations can be lengthy and penalties are often paid years after the allegations in question. Tesla and Musk, the electric-car …
- Hotter BMW M2 CS or CSL spied at the Nürburgring – Yahoo: Looking a little higher, BMW’s team also covers a larger boot lip spoiler with white tape in an effort to hide the new piece. Rumours about the M2 CS suggest it would be a limited-edition model only for the United States in 2020. Various upgrades …
- Fiat Is Said to Near Sale of Marelli Car-Parts Unit – Bloomberg: ‘s Tommaso Ebhardt reports on …
- Top Tesla investor takes stake in Chinese electric carmak… – Yahoo: Top Tesla investor takes stake in Chinese electric carmak… CNBC Videos October 9, 2018. CNBC’s Phil LeBeau breaks down a report that major Tesla stakeholder Baillie Gifford is taking a sizable stake in Chinese electric carmaker, Nio, causing Nio …
- GM’s R&D company plan violates MOU with gov’t: lawmaker – Yonhap: General Motors Co. is set to violate an initial … GM holds a 77 percent stake in GM Korea, with the KDB and SAIC Motor …
- BMW 3 Series Estate unearthed in Brazilian design registration – Yahoo: BMW just unveiled the latest generation of the 3 Series at the Paris Motor Show. Now, a design registration with Brazil’s Instituto Nacional da Propriedade Industrial provides an early reveal of the estate variant. The images offer a complete look at …
- Tom Cotton’s fact-free theory on the leaks of Ford’s letter – Washington Post:
- Luxury Shoppers in China Are Still Buying Bags, But Not BMWs – Bloomberg: That’s helping to offset gloomier scenarios in BMW and Mercedes showrooms and luxury real-estate offices. French giant LVMH said Tuesday its luxury retailer DFS performed especially well at the key Chinese tourist destinations of Hong Kong and the …
- Aging Japan: Built for young families, minicars attract a huge following among elderly drivers – Reuters: When Honda Motor Co launched the latest version of its N-Box a year ago, it promoted features on the pint-sized minicar such as error-detecting pedals, automatic emergency braking and moveable seats, part of a push to market the vehicle to young families.
- Audi’s Schot says available as CEO for long run: manager magazin – Reuters: Audi interim CEO, Bram Schot, would be available as Audi’s chief executive in the longer run, he said in an interview with German business monthly manager magazin published on Wednesday.
- Relax, Elon. China’s NIO Is No Tesla Killer – Bloomberg: Nothing seems to faze Elon Musk. And neither should the fact that Tesla Inc.’s biggest investor is backing a self-proclaimed rival in China.
- The 2019 BMW 3 Series Has Finally Been Revealed – Yahoo: It’s the talk of the town during the 2018 Paris Motor Show-and it’s still the talk of the town even today. Yes, the journey to the 2019 BMW 3 Series’s newest incarnation has taken two years to finish, but the curtain has been lifted, at long last. So …
- Kia turns heads with ProCeed – Automotive News: Kia draws in attention with its ProCeed in the latest new video to join our charts.
- Geely jumps on report of ride-hailing joint venture with Daimler – FT: Sharesin Chinese carmaker Geely jumped on Wednesday following reports that it is in talks with Daimler to launch ride-hailing services in China. Hong Kong-listed Geely Automobile is a subsidiary of Zhejiang Geely Group, which took a 10 per cent stake …
- Vinfast, set to be Vietnam’s first domestic carmaker, gains $950 … – Reuters: VinFast, which aims to become Vietnam’s first domestic car manufacturer, said it has secured a 12-year credit facility for as much as $950 million to help buy …
- About that Tesla third-quarter ‘profitability’ – FT: Two months ago we made a rudimentary attempt to figure out just how Tesla would become profitable in the third quarter of 2018. Using nothing but an Excel spreadsheet, Tesla’s guidance, and some rough modelling, we came to the conclusion that, bar a …
- Toyota Clinches Top Spot in Global Automotive Rankings – Yahoo: Toyota has clinched the number one spot in Interbrand’s 2018 global automotive rankings. The Japanese automaker managed to finished ahead of brands such as Mercedes-Benz, BMW, and Honda. Interbrand is a brand consultancy that specializes in brand …
- Asia’s car battery sector leaves Europe in the slow lane – FT:
- BMW i4 Is a New Electric Car Coming in 2021 – Yahoo: The first, in 2019, will be the Mini Electric. That car was previewed by a concept last year; the production car should keep many of the concept’s design details and most likely will share its powertrain with the refreshed i3, for which BMW claims a …
- The day’s top tech headlines – Bloomberg: WATCH: @emilychangtv breaks down today’s hottest tech headlines – Google announces new devices to chase Apple and Amazon – Tencent’s tumble is breaking all kinds of records – Daimler said to work with Geely on Chinese ride-hailing JV (Source: …
- Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump’s Trade Tariffs, Report Says – Fortune: Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs. Jim Hackett …
- Ford stock hits 6-year low as investors look for long-term plan – Detroitnews: Ford Motor Co. shares traded below $9 on Tuesday for the first time in more than six years, a low point that experts blame in part on the Dearborn automaker’s reluctance to share a detailed map of its future. The stock price slumped 3.4 percent Tuesday …
- The Tesla of China soars after Tesla’s largest outside investor discloses a stake (NIO) – Yahoo: Nio shares surged Tuesday after a filing showed that Baillie Gifford & Co, Tesla’s largest investor after Elon Musk, has a big stake in the company. The filing revealed that Baillie Gifford & Co owned 85.3 million NIO shares, representing an 11% stake …