- Peugeot and Citroen bosses outline mixed performance in 2018 – Autocar: Both brands affected by China slowdown, with Peugeot”s strong European performance offset by loss of Iranian market Citroen has marked the opening of its centenary year by reporting an improving share of UK passenger car sales for 2019, despite a…
- VW mulls electric Land Rover Defender rival – Automotive News: VW is considering whether to build a battery-powered SUV with rugged styling like the Land Rover Defender.
- Ghosn will remain in jail as Japan court rejects bail application – Automotive News: Carlos Ghosn’s latest bail application was rejected by a Japanese court in a win for prosecutors who want to keep questioning the former Nissan chairman as they continue to build their case ahead of an eventual trial.
- Buick, Chevrolet and Cadillac all want in on electric cars – Freep: Cadillac is General Motors’ vanguard brand to develop and build electric vehicles, but Buick and Chevrolet have plans for EVs too.
- Germany to permanently nationalise truck toll company – Reuters: Germany to permanently nationalise truck toll company Reuters UKThe German government will permanently nationalise motorway truck toll company Toll Collect, Transport Minister Andreas Scheuer said on Tuesday, adding …
- Nissan reportedly plans to file for damages against Ghosn in future – CNBC: Nissan plans to file a civil suit against ousted chairman Carlos Ghosn to claim for damages resulting from alleged misuse of company funds, a source said.
- Nissan plans to file for damages against Ghosn in fut – Reuters: Nissan plans to file a civil suit against ousted chairman Carlos Ghosn to claim for damages resulting from alleged misuse of company funds, a person with knowledge of the issue said, which would add to the high profile executive’s legal headaches.
- Magna International says 2019 revenue to be hurt by unit sale, strong dollar – Reuters: Canadian auto parts maker Magna International Inc said on Tuesday its 2019 revenue will be impacted by the sale of its fluid pressure and controls business and stronger dollar.
- Japan’s Otsuka, Israel’s Poliakine to collaborate on AI applications – Reuters: One of the owners of Honda Motor Co is partnering with an Israeli tech pioneer to develop artificial intelligence applications that will enable the future of Industry 4.0.
- Audi expects its EVs to make a profit – Automotive News: Audi will make its full-electric cars as profitable as the rest of its lineup by utilizing the economies of scale offered by parent Volkswagen …
- As Elon Musk Cuts Staff at One of His Companies, Another Says It’s Hiring – Bloomberg: As Elon Musk Cuts Staff at One of His Companies, Another Says It”s Hiring BloombergOn the same day SpaceX said it was cutting 10 percent of staff, Boring Co. advertised job openings.
- Real Time Economics: Big Brexit Vote, Chinese Car Wreck – WSJ: Real Time Economics: Big Brexit Vote, Chinese Car Wreck Wall Street JournalThis is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. British Prime Minister Theresa May is bracing for defeat …
- South Korea’s Kakao Mobility offers olive branch to taxi drivers protesting car-sharing – Reuters: South Korea’s Kakao Mobility on Tuesday said it would re-enter talks over its proposed car-sharing service with an open mind, and would even consider abandoning the idea, should taxi drivers who protested the service return to negotiations.
- China stimulus boosts European shares, autos rally after Peugeot results – Reuters: European shares bounced on Tuesday after China signalled more stimulus measures to soften the blow from an ongoing tariff war with the United States, triggering relief in trade-sensitive tech, mining, and car stocks as some results also impressed.
- Carlos Ghosn, Former Nissan Chairman, Is Denied Bail in Japan – New York Times: A Tokyo court on Tuesday denied bail to Carlos Ghosn, the former Nissan chairman detained since November on allegations of financial …
- Japanese court denies Carlos Ghosn’s bail request – FT: Carlos Ghosn is expected to spend at least another few months in prison on top of the eights weeks the ousted Nissan chairman has already spent …
- Tokyo court denies request for Nissan Ghosn’s release on bail – Reuters: The Tokyo District Court on Tuesday denied former Nissan Motor Co Ltd Chairman Carlos Ghosn’s request for release on bail after his indictment last week on two new charges, including for aggravated breach of trust.
- PSA Group sales hit record on Opel purchase, emissions chaos – Reuters: PSA Group sales hit record on Opel purchase, emissions chaos Reuters UKPSA Group said global sales rose 6.8 percent to a record 3.88 million cars and vans, as the Peugeot maker’s continuing slump in China was offset by its …
- Volkswagen, Ford to announce automotive alliance – Reuters: Volkswagen, Ford to announce automotive alliance ReutersVolkswagen AG and Ford Motor Co are expected to unveil an alliance on Tuesday that combines forces on commercial vehicles and is likely to expand into joint …
- BRIEF-Mazda Thai Unit Says It Targets 2019 Domestic Sales Growth Of 5-10 Percent – Reuters: BRIEF-Mazda Thai Unit Says It Targets 2019 Domestic Sales Growth Of 5-10 Percent ReutersCorrects number of car units in first bullet to 70475, from over 75000)
- China’s Waymo rival quietly launched an Uber-style app for driverless cars – CNBC: Pony.ai, a Chinese autonomous car start-up, recently launched an app that allows a limited number of users to hail a driverless taxi.
- Vehicle rollouts take backseat to talk about future at Detroit auto show – Detroitnews: Ford, GM and FCA are preparing for the next iteration of the industry and a possible downturn
- UK car insurance premiums fall 6 percent in 2018 – survey – Reuters: The cost of a comprehensive motor insurance policy fell 6 percent in Britain in 2018, according to a survey, which indicated potential trade barriers brought on by the country’s looming exit from the European Union would hurt prices in 2019.
- Driverless car start-up recruits female chief from Intel – FT: Zoox has been reported to be planning to set up its own ride-hailing service, adding to the numerous fronts it has chosen to fight on as it takes on …
- The Search for China’s Sixth Consumer Wave – Bloomberg: Using stimulus to reverse the first annual decline in car sales in at least two decades or encouraging households to buy new appliances on credit …