- Tesla to cut workforce by 7 percent, sees smaller fourth-quarter profit – Reuters: Tesla Inc said it would cut thousands of jobs to rein in costs as it ramps up production of its crucial Model 3 sedan, and the electric car maker expects fourth-quarter profit to be lower than the previous quarter, sending its shares down 7 percent.
- Read the email Elon Musk sent to Tesla employees explaining the need for job cuts – CNBC:
- Ford readies new small crossover for Europe – Automotive News: Ford is expected to launch a new small crossover in Europe, possibly called the Puma, as the automaker concentrates on lucrative, higher-riding cars to help return its business in the region to profit.
- Alfa Romeo Stelvio Quadrifoglio – Autocar: Alfa”s latest Quadrifoglio performance model meets the Autocar timing gear. Can a high-riding SUV possibly entertain like the sensational Giulia QV? Were you to speculate on the identity of this week”s road test subject from its specification sheet…
- Mitsubishi board examines new charges against Ghosn – Detroitnews: The allegations center around a 7.8 million euro ($8.8 million) payment made to Ghosn last year
- EU says it ready to discuss its car tariffs with U.S. as part of trade deal – Reuters: The European Union’s trade commissioner said on Friday the EU was ready to negotiate its car tariffs in trade talks with the United States if Washington agreed to end tariffs on all industrial goods.
- Tesla to cut staff 7%, says road ahead very difficult – Detroitnews: Elon Musk said Tesla hopes to post a “tiny profit” in the current quarter
- Tesla plans 7% staff cut and says the road ahead ‘is very difficult’ – Latimes: He said Tesla Inc. hopes to post a “tiny profit” in the current quarter but that after expanding its workforce by 30 percent last year, it cannot support that …
- Tesla cuts 7% of workforce to boost margins and production – Autocar: CEO Elon Musk claims in company email Tesla “will need to make these cuts while increasing Model 3 production” Tesla will cut its full-time workforce by around 7% in a move to reduce costs and allow production of the Model 3 to be ramped up, according…
- Auto show musts: Muscular Mustang; Cadillac, Kia SUVs; Mahindra Roxor – Freep: The 2020 Mustang Shelby GT 500, Cadillac XT6, Kia Telluride, Toyota Supra and RAM HD pickup star at the Detroit auto show.
- Renault’s 2018 sales rise 3% on China, Africa, Russia, and Brazil demand – Automotive News: Renault said its vehicle sales rose rose 3.2 percent last year, boosted by demand in China, Russia and Brazil. The company expects growth in 2019 to be …
- Elon Musk Says Tesla Is Cutting Full-Time Jobs to Maintain the Low Cost of Its Cars – Fortune: Tesla is to let go of 7% of its full-time employees and cut ties with many temporary staff and contractors, as it tries to make its cars more cost-effective …
- Tesla to Dismiss 7% of Workers, Says Profit to Fall – Bloomberg: Tesla Inc. plans to cut about 7 percent of its full-time workforce even as it aims to increase the Model 3 production rate. Shares fell about 4 percent in …
- Tesla to cut its workforce by 7 percent to ramp up Model 3 production – CNBC: Tesla is cutting its full-time staff headcount by around 7 percent, as it looks to ramp up Model 3 production, CEO Elon Musk said.
- Tesla to Cut 7% of Jobs to Lower Model 3 Costs, Shares Tumble – Bloomberg: Tesla Inc. will cut its full-time employee headcount by 7 percent, with Chief Executive Officer Elon Musk saying the “road ahead is very difficult” to make …
- New Infiniti President Goes All-In on Electric Vehicles – Bloomberg: The automaker plans to offer only electric or hybrid vehicles by 2025.
- Gripped by Ghosn crisis, Renault expects slight sales growth – Reuters: Renault expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan.
- New 2019 Ford Mondeo revealed with tweaked looks and extra tech – Autocar: New 2.0-litre diesel and estate version of hybrid added to facelifted range, while prices start from £21,995 Ford has released details of a facelifted version of the Mondeo hatchback, saloon and estate range, with the hope of reviving its appeal in…
- Rallye Monte-Carlo: Preview TOYOTA GAZOO Racing trio take on the WRC’s legendary curtain-raiser – Toyota: The 2019 FIA World Rally Championship season kicks off on January 24-27 with one of the most demanding events of the entire year, the famed Rallye Monte-Carlo. The TOYOTA GAZOO Racing World Rally Team, with its fast and experienced driver line-up of…
- Meet the Leading Candidate to Replace Carlos Ghosn at Renault – Bloomberg: Michelin Chief Executive Officer Jean-Dominique Senard, a frontrunner to replace Carlos Ghosn atop Renault SA, has passed one of the tests …
- Renault targets 2019 sales growth after a 3.2 percent gain in 2018 – Reuters: French carmaker Renault posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further “slight growth” this year amid rebounding demand in Russia and Latin America.
- Transatlantic Trump trading – FT: Ideally trade negotiations between countries should begin on a note of hope: the … saving, with Trump poised to hit €40bn of EU car imports with punitive tariffs. … into whether the transatlantic auto trade poses a national security threat. ……
- Nissan and Mitsubishi say Ghosn received €7.8m in improper payments – FT: A joint investigation by Nissan and Mitsubishi Motors has found that their ousted chairman Carlos Ghosn allegedly received €7.8m in improper …
- Nissan unveils NV300 Concept-van at Brussels Motor Show – Nissan-global: Nissan has unveiled the all-new NV300 Concept-van to highlight the versatility of Nissan commercial vehicles for bespoke conversions of all types.Unveiled at the Brussels Motor Show in Belgium, the vehicle’s cargo area has been kitted out as a mobile…
- Hyundai SUV another Korean stunner – Yahoo: SportsKorean maker Hyundai moves a step closer to European competitors with its classy new SUV.
- Car service firm Mekonomen warns on profit, European market “abnormally weak” – Reuters: Swedish car service firm Mekonomen warned late on Thursday that its fourth quarter profit would land lower than expected, citing “an abnormally weak market” in Europe in the quarter.
- France draws up a road map for Renault without Carlos Ghosn – FT: As a gaunt Carlos Ghosn, the architect of the Renault-Nissan alliance, was being denied bail in Tokyo last Tuesday, the French government was …
- Ghosn received $9 million improperly from Mitsubishi-Nissan JV: companies – Reuters: Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp , the companies said on Friday.
- Europe’s Most Important River Is Running Dry – Bloomberg: Europe”s Most Important River Is Running Dry BloombergThe Rhine waterway, critical to moving coal, car parts, food and thousands of other goods, risks becoming impassable because of climate change.
- Regarding joint investigation into Nissan-Mitsubishi B.V. – Nissan-global: Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation announced today results from their ongoing joint investigation into misconduct carried out by Carlos Ghosn, former chairman of the two companies. The results confirm that Ghosn received improper…
- Can China Keep Its Economy From Running Out of Steam? – Bloomberg: The government plans “large scale” tax cuts, incentives to boost car sales and other measures. We explain in this week’s Bloomberg Markets video.
- Tesla recalls thousands of cars in China – Yahoo: Electric-vehicle maker Tesla will recall more than 14 thousand cars in China over airbags that contained a part made by the now-defunct Japanese manufacturer …
- Revitalised Hyundai Ioniq is coming – Autocar: Hyundai didn’t specify any powertrain changes so this really is just a facelift. External revisions include a new grille, edited front bumper design, new …
- Driverless Cars Tap the Brakes After Years of Hype – WSJ: The hype that has consumed the nascent driverless car industry over the past few years has moved into a new period of cautious optimism.
- In the crossover war on cars, an unlikely victor emerges: the station wagon – Chicago Tribune: As car buyers continue to shun cars in favor of crossovers, an unlikely segment has returned as an alternative for the affluent: the station wagon.
- Bill Ford Jr. on the changing auto industry, Ford Motor Co. and Detroit – Detroitnews: Bill Ford Jr. on the changing auto industry, Ford Motor Co. and Detroit
- With Brexit’s Trade Future Unsure, British Companies Don’t Keep Calm, They Stockpile On – Fortune: Manufacturers with complex supply chains like automakers, need to keep the same amount of each component. Without even one tiny part, you can’t …
- Four Audi employees indicted in Detroit in expanded Dieselgate case – Freep: For Volkswagen, Dieselgate just won’t end. On Thursday, four employees of the VW-owned Audi brand were indicted by a federal grand jury on …
- Grey topples black as the UK’s top car colour in 2018 – Autocar: British car buyers” conservative tastes put grey, black and white in top three Grey has become the UK”s favourite new car colour for the first time since records began, now accounting for one in five purchases. Figures from the Society of Motor…
