- VW revives American beach buggy as EV concept for Geneva – Automotive News: VW aims to spur interest in its upcoming lineup of full-electric cars with a modern version of an American beach buggy from the 1960s.
- Ride-hailing companies suspend Barcelona services after new regulations – Reuters: Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city.
- Stock futures mixed | Facebook surges 11% | Tesla’s CFO leaves, again – CNBC: Tesla (TSLA) was 5 percent lower in premarket after it missed on earnings. Revenue did beat Street forecasts, however, and CEO Elon Musk …
- UK Auto Industry Already Feeling the Brexit Pinch – New York Times: Automakers like Jaguar Land Rover and BMW have already said that they would briefly pause production after Britain’s scheduled leaving date at the …
- Elon Musk’s Surprise Pick for Tesla CFO Is a Relative Unknown – WSJ: The announcement late Wednesday came with Elon Musk’s penchant for surprising investors, when at the end of a quarterly analysts’ call the CEO …
- Why autonomous cars put suppliers in awkward position – Automotive News: Instead of following the traditional auto business model of just providing components for future self-driving cars, suppliers are either building their own …
- Lyft Claims that NYC’s New Driver Minimum Wage Makes It Even Harder to Compete with Uber – Fortune: Ride-sharing companies Lyft and Juno filed lawsuits against New York City’s Taxi and Limousine Commission on Wednesday, saying that new driver …
- Apple Engineer Accused of Stealing Autonomous Car Secrets – Fortune: Chen worked in the driverless cars section of the company, which recently fired some 200 employees in a restructuring. In July, prosecutors accused …
- Ghosn says he is facing ‘army’ against him – Automotive News: Carlos Ghosn told French media that the accusations he faces while in jail in Japan are part of a plot to destroy his reputation by Nissan executives opposed to his plan for deeper integration with Renault.
- Porsche Macan – Autocar: Updated version of dynamic SUV doesn’t escape every tell-tale of age, but secures its status as outstanding driver’s pick without breaking a sweat It seems fitting somehow that the Porsche Macan, the compact SUV that showed us so vividly how well a…
- Range Rover Coupe axed before production starts – Yahoo: Being from Cheshire I was naturally very excited when Land Rover announced it was putting a big, shiny, over-the-top Range Rover SV Coupe into …
- Brexit Is Heavily Damaging the UK Auto Industry – and It Hasn’t Even Happened Yet – Fortune: Jaguar Land Rover, the U.K.’s biggest car manufacturer, said last week that it would be halting production for a week in April, shortly after the Brexit …
- Infiniti aims to counter Europe slump by becoming electric brand – Automotive News: Infiniti says it will remain in Europe despite slumping sales and a model lineup that has been cut to just two cars. The Nissan-owned premium brand’s …
- Inside the Takedown That Put Carlos Ghosn in Jail – Bloomberg: Rarely one for elegant rhetoric, he instead boasted of Renault-Nissan’s accomplishments: combined operations that had generated billions in savings, …
- Volkswagen electric dune buggy revealed in new images – Autocar: Classic-inspired beach buggy uses MEB modular electric platform, and will be unveiled in full at Geneva show Volkswagen has resurrected the classic Beetle-based Meyers Manx dune buggy as an electric concept, previewed ahead of an unveiling at the…
- Ousted car boss Ghosn says he is facing ‘army against him’: Les Echos/AFP – Reuters: Car industry businessman Carlos Ghosn is having to battle an army that is against him, Ghosn told Les Echos business newspaper …
- Chinese EV carmaker NIO raises $650 million via convertible bond – Reuters: Electric carmaker NIO Inc, one of the main rivals to Tesla in China, raised $650 million in a five-year convertible bond on Thursday, aiming to use the proceeds to fund expansion.
- Russia’s Gazprom raises $1.06 billion in loans from Mitsubishi UFJ, Citi: Ifax – Reuters: Russian state gas producer Gazprom has raised two loans worth 925 million euros ($1.06 billion) from Mitsubishi UFJ Financial Group and Citibank, the Interfax news agency reported on Thursday citing company data.
- Musk Says $500 Million Enough to Get Tesla Shanghai Production Running – Bloomberg: Elon Musk told investors Tesla Inc. won’t incur a heavy financial burden to get production up and running in its first overseas factory, seeking to soothe investor …
- Grab signs deal with Ascendas REIT for new Singapore HQ – Reuters: Ride-hailing firm Grab has signed a deal with business park landlord Ascendas Real Estate Investment Trust for a new Singapore headquarters to accommodate the start-up’s growing team under one roof.
- Honda CRF450L motorcycle straddles the road and dirt – Detroitnews: Honda finds the right balance in a dual-sport bike, but may struggle to find riders
- Robotaxis: can automakers catch up with Google in driverless cars? – FT: “The collapse in auto sales in the coming years could be as severe as it was … Waymo, the Alphabet self-driving unit that began as a Google project, …
- Lexus Gives Yellow Edition Coupe a Limited Production Run – Yahoo: In August of last year, Lexus showcased a concept version of their LC flagship coupe range that featured a Vibrant Flare Yellow exterior and unique …
- GM halts work at 15 Michigan plants amid cold snap emergency – Automotive News: GM, at the request of a Michigan utility, said it stopped production at four assembly plants and 11 supporting facilities as a way for the utility to conserve natural gas. GM also is asking the roughly 20,000 employees at its Warren Tech Center to work…
- China’s NIO Causes Chaos After Smartcar Shuts Down on Highway – Bloomberg: A driver in central Beijing found out the hard way that upgrading software on a smartcar in the middle of traffic isn’t such a good idea.
- GM halts operations at 11 Michigan plants after utility’s appeal – Reuters: General Motors Co said late Wednesday it will suspend operations at 11 Michigan plants and its Warren Tech Center, after a utility made an emergency appeal to users to conserve natural gas during extreme winter cold.
- BRIEF-China’s Geely Says Has No Plan To Buy Assets Of Fiat-Chrysler Automobiles – Yahoo: IT HAS NO PLAN TO PURCHASE ASSETS OF FIAT-CHRYSLER AUTOMOBILES Further company coverage: (Reporting by Yilei Sun and Beijing …
- Thai Central Group confirms $200 mln investment in Grab’s Thai entity – Reuters: The deal came soon after Grab’s Indonesian rival, Go-Jek, launched ride-hailing and food delivery operations in Thailand. Central in 2017 launched a …
- Meet Tesla’s McKinsey-Groomed, Newly Minted Millennial CFO – Bloomberg: Kirkhorn, 34, will become chief financial officer of the electric-car maker after a few months more grooming by his predecessor, Deepak Ahuja.
- Road to nowhere: why Australia lags behind in electric vehicle revolution – Guardian: It’s not the first time public figures have claimed an electric car revolution is imminent and while the report did not recommend brash action, it offered a …
- Hyundai: ‘The Elevator’ – Washington Post: The 2019 Hyundai Super Bowl ad features an elevator in a building full of life’s best and worst experiences. Related. Read More. Up next in top news.
- Tesla’s Incredible Shrinking Growth Machine – Washington Post: The biggest thing underpinning Tesla Inc.’s valuation is the promise of growth. And the biggest head-scratcher to emerge over the course of January …
- Tesla Notches Another Quarterly Profit – WSJ: Tesla chief Elon Musk committed the Silicon Valley auto maker to an ambitious goal this year: a profit in every quarter. If it does deliver, it will be with a new chief financial officer.
- Ayala Group Officially Relaunches Kia PH, Introduces Kia Soluto to Market – Yahoo: … playbook by importing the car from China where it is manufactured by Dongfeng Yueda Kia-a joint venture between Dongfeng Motor, Yueda Group, …
- UK Auto Investment Drops Almost 50% as Brexit Chills Spending – Bloomberg: … Nissan Motor Co. has delayed wage talks at Britain’s biggest car plant in Sunderland until Brexit terms are clear, while Jaguar Land Rover, the No.
- Tesla’s Bombshell CFO Retirement Spoils Pivot to More Sober Musk – Bloomberg: Elon Musk appeared to be putting the days of wildly optimistic goals and unpredictability in the rearview mirror. Then he spooked Tesla Inc. investors …
- Tesla CFO leaves as automaker promises profits and cheaper cars – Yahoo: ! Finance NewsBy Alexandria Sage and Sonam Rai. (Reuters) – Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 …
- Will Brexit kill the British car industry? – Autocar: The Jaguar XF is built in Britain Latest figures on UK car production and investment makes for some alarming reading The latest UK car manufacturing figures are “deeply depressing” according to Mike Hawes, the chief executive of the Society of Motor…
- Opinion: Will Brexit kill the British car industry? – Autocar: The latest figures on UK car production and investment make for some alarming reading The latest UK car manufacturing figures are “deeply depressing”, according to Mike Hawes, chief executive of the Society of Motor…
- UK car output falls at fastest rate since recession – Reuters: British car production fell by 9 percent last year, the biggest drop since the 2008-9 recession, and investment slumped by nearly half due to fears about Brexit, …
- British car production slumps to five-year low – Guardian: British car production dropped to a five-year low in 2018, as manufacturers warned that fears of a no-deal Brexit have prompted a slump in new investment.
- Maserati plans shake-up to combat sales slump – Autocar: “No longer having to avoid treading on Ferrari”s toes should be good news for the long-awaited Alfieri” FCA brand faces pressure to revamp model line-up under new management Faltering sales and profits at Maserati are prompting a change of strategy…
- Opinion: it could be the right time for Maserati to change tack – Autocar: Can a line-up overhaul and revised global business strategy be the (re)making of the once-prestigious Italian manufacturer? If it feels like we”ve been talking about Maserati”s big rebirth for over a decade, it”s because we have. Back in 2007 the…
- CEO of electric utility AEP talks 2018 success, moving into electric car space – CNBC: Jim Cramer checks in with American Electric Power Chairman, President and CEO Nick Akins to get the latest on the electric utility giant’s business.
