Archives for February 2019

• Some Uber, Lyft Drivers to Get Stock in IPOs – WSJ: Ride-hailing companies Uber Technologies Inc. and Lyft Inc. are planning to give some drivers money to buy stock in their initial public offerings, …
• Aston Martin Shares Drop as Brexit Delays Luxury UK Car Sales – Bloomberg: … saying its vehicle lineup is better suited to market trends there than other luxury carmakers such as Jaguar Land Rover, which has reported a slump …
• Hyundai Motor CEO says China capacity cuts being considered – Reuters: Hyundai Motor Co, which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.
• Auto loan delinquencies rise as the cost of monthly payments hit record high – CNBC: A growing number of borrowers with auto loans are failing to make their monthly payments, according to a new report from Experian. The credit reporting firm, …
• BMW and Daimler to partner up for autonomous car development – Autocar: Pooled resources will concentrate on bringing level four autonomy to customer cars by mid-2020s The BMW group and Daimler have announced plans to work together on the development of autonomous cars. The two companies have agreed to a long-term…

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• FedEx partners with Walmart, Pizza Hut to test last-mile delivery robot – CNBC: Shippers, retailers and restaurants are experimenting with robots, drones and self-driving cars in a bid to use automation to drive down the high cost of delivering gadgets, groceries and even cups of coffee the “last mile” to consumer doorsteps.
• Hyundai’s 5-year plan: $40 billion on new models, tech – Automotive News: The Korean company joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition.
• Volvo unveils Tesla Model 3 rival Polestar 2 – CNBC: Electric performance brand Polestar unveiled its first fully electric vehicle on Wednesday in a bid to steal buyers away from Tesla’s Model 3.
• The Polestar 2 Is Priced to Beat Tesla’s Best-Selling Model 3 – Bloomberg: Pitting the car directly against Tesla, he says, “makes it a bit more … it will still be enabled with Apple CarPlay as well, among other technologies.

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• Auto giant Peugeot to launch a 100 percent electric, zero-emission car – CNBC: In 2018, for instance, Mercedes launched its first all-electric SUV, the Mercedes-Benz EQC, while Volvo Cars bought a stake in FreeWire Technologies …
• Setback for $1.3 Billion Uber Tax Suit as Court Denies Costs Bid – Bloomberg: A British lawyer faces a setback in his plan to take on Uber Technologies Inc. over its tax payments after losing a court bid to limit his costs in the …
• Renault, Nissan, PSA, FCA, JLR face European antitrust probe, report says – Automotive News: The automakers are being investigated by the European Commission for possible antitrust violations on car parts, a German magazine reported.
• Lyft IPO rekindles debate on dual-class share structures – FT: The debate over dual-class share structures – in which founders and … the ride-hailing company, is preparing to create “super-voting” shares for its …

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