- Daimler, BMW will invest $1.13 billion in mobility JV to rival Uber – Automotive News: Daimler and BMW unveiled a mobility JV that will invest $1.13 billion in ride-hailing, parking, EV charging and short-term rental services to rival Uber and other tech companies.
- AutoNation’s fourth-quarter revenue falls 4.8 percent – Reuters: AutoNation Inc reported a 4.8 percent fall in fourth-quarter revenue on Friday, as the largest U.S. auto retail chain sold fewer new vehicles.
- UK’s Serious Fraud Office drops investigations of Rolls Royce individuals, GSK – Reuters: Britain’s Serious Fraud Office (SFO) has dropped its investigations into aero engine maker Rolls-Royce individuals and drugs giant GlaxoSmithKline, citing insufficient evidence.
- BMW and Daimler establish urban mobility company joint venture – Autocar: New scheme will merge BMW’s DriveNow rental scheme with Daimler’s Car2Go Combined €1 billion investment creates five separate companies to deliver worldwide car-sharing, electric charging and ride-hailing BMW and Daimler have formed a new joint…
- Lexus sales in UK to grow by 20% this year – Autocar: Luxury car maker claims arrival of UX plus hybrid focus will help it flourish Lexus sales in the UK are set to rise by more than 20% this year, according to the car maker, thanks largely to the introduction of its UX compact SUV. That forms part of a…
- The Seven Biggest Auto Industry Scandals – Bloomberg: Mitsubishi Motors Corp. said it used “desktop calculations” instead of … In 2017, Nissan found workers not authorized to certify Japanese vehicles …
- Uber should take a lesson from the film industry on how to treat its workers – Latimes: The tide may be turning for workers in the so-called gig economy as it becomes increasingly obvious that gig work is not the win-win proposition that …
- Fiat Chrysler plans $1.1 billion dividend payout – Automotive News: Fiat Chrysler Automobiles is on the verge of paying a regular dividend for the first time and said it is planning a roughly 1 billion euros ($1.1 billion) …
- Daimler, BMW to invest 1 bln euros in venture to rival Uber – Reuters: German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to …
- Tesla Model 3 loses recommendation in US survey; Jaguar, Land Rover, Fiat in bottom places – Automotive News: Tesla’s Model 3 lost a coveted recommendation from Consumer Reports, dropping its brand from the top 10 of the U.S. magazine’s closely watched …
- VW Seeks Diesel Case Settlement Ahead of Top Court Ruling, Sources Say – Bloomberg: Volkswagen AG has entered settlement talks with a car owner ahead of a … VW’s engine manipulation involved as many as 11 million diesel cars …
- BMW and Daimler to invest €1bn in mobility joint-venture – FT: Rivals BMW and Mercedes-parent Daimler said they would invest €1bn and create 1,000 new jobs as they pool their efforts on “urban mobility” …
- Canadian auto parts maker Magna International’s profit falls 18.4 percent – Reuters: Canada’s Magna International Inc reported an 18.4 percent drop in quarterly profit on Friday, as the world’s third-biggest auto parts supplier by sales was hit by tepid demand from China and Europe.
- Daimler, BMW to invest more than 1 bln eur in mobility services – Reuters: German carmakers Daimler and BMW deepened their cooperation on Friday by unveiling a combined ride-hailing, parking and electric car charging business to counter emerging rivals like Uber from the United States.
- Indonesia to tap nickel laterite, make batteries to become EV hub – Reuters: AfricaIndonesia plans to start processing its rich supplies of nickel laterite ore for use in lithium batteries on the way to becoming a global hub for producing and …
- Seat’s Cupra Formentor concept focuses on sporty performance – Automotive News: Volkswagen Group CEO Herbert Diess says Seat can now become a credible rival to Alfa Romeo, where de Meo served as CEO for two years, …
- Citroen C5 Aircross – Autocar: The relaxed big Citroën family car turns SUV. Was it a smart move, or copycat compromise? Citroën has taken longer than most of its European rivals, but it has finally got what you might loosely call a range of family-friendly proprietary SUVs into…
- New Cupra Formentor coupe-crossover revealed – Autocar: Cupra Formentor Seat sister brand launches first standalone model with 242bhp plug-in hybrid powertrain Seat sister brand Cupra has revealed its first standalone model, a 242bhp plug-in hybrid coupe crossover called the Formentor. The concept machine,…
- Wrong place, wrong time – the five reasons why Honda is shutting Swindon – Autocar: Ex-Honda UK boss Philip Crossman details the factors he believes led to the factory”s demise Honda”s Swindon plant and workforce are the victims of being “in the wrong place at the wrong time” according to the firm”s former UK boss Philip Crossman….
- Pirelli data hints at Ferrari’s actual Formula 1 testing advantage – Yahoo: The top three teams in outright times at the end of the opening week at Barcelona were Renault, Toro Rosso and Alfa Romeo, with Mercedes the best …
- New Range Rover Evoque has class-leading residual values – Yahoo: The second-generation Range Rover Evoque is set to retain its value better than any other car in its class. That’s according to car data experts hpi, …
- Europe Says It Could Clinch Trade Deal With Trump This Year – Bloomberg: The pact last July put on hold the threat of U.S. tariffs on EU cars and auto … Trump Warns EU of Car Tariffs as Commerce Probe Offers New Ammo.
- Ford sees a market for a new Ranger as pickup truck prices soar past $50000 – Latimes: The Ford Ranger was such a successful compact pickup truck during its 1983-2011 run that some estimates say there are still more than 2 million of …
- First Tesla Model 3s Zoom Into China, Outracing Tariff Threat – WSJ: SHANGHAI-China’s first Tesla Model 3 owners took express delivery of their new cars Friday, after the electric-car maker rushed a boatload of …
- Lidar sector moves at light speed – Automotive News: Another company aiming to help automakers achieve higher levels of autonomous driving is Cepton, which plans to have a Level 4-capable system …
- Puma goes up-market to join forces with Porsche Design – Reuters: (This February 21 story refiles to give full name of Porsche Design in headline.)
- British Companies Are Frantically Preparing for a Messy Brexit – Bloomberg: Companies are also frantically checking the Brexit readiness of their … its factory in Swindon and car-maker Nissan Motor Co Ltd.’s announcement …
- Suzuki’s India boost to test ‘first-come, first-served’ strategy – Nikkei: Suzuki Motor plans to boost its automobile production capacity in India to 2.25 million units per year in 2020 in a bid to further solidify its …
- Tesla begins Model 3 delivery in China ahead of schedule – CNBC: Tesla announced Friday it is beginning delivery of the Model 3 in China, at least a week earlier than expected.
- New Year, New Car: Six All-New Cars Launched in the Philippines from January to February 2019 – Yahoo: According to Kia Philippines, the Soluto features a seven-inch touchscreen infotainment system with Android Auto & Apple Carplay, six-speakers, …
- Tesla starts Model 3 delivery in China earlier than expected – Reuters: Tesla Inc on Friday said it had started delivering Model 3 cars in China, slightly ahead of schedule.
- Nissan PH Eyes 20% Sales Growth for 2019 – Yahoo: After posting the biggest rise last year despite the effects of the Tax Reform Acceleration and Inclusion (TRAIN) Law, the leadership of Nissan …
- EU debates how and when to start trade talks with Trump – Reuters: European ministers will begin debating on … Germany, whose exports of cars and car parts to the United States are …
- Henry Ford’s great-great-grandson to reconnect family to Ford Foundation – Freep: The foundation’s board voted Thursday to accept Henry Ford III, some of Edsel Ford II and a rising executive at automaker, to the foundation’s board.
- Ford stock drops amid news of gas mileage inquiry – Freep: The automaker said Thursday it had hired an outside team to evaluate Ford”s mathematical model that determines miles per gallon and emissions ratings.
- Ford Is Investigating Emissions and Fuel Efficiency Data – New York Times: Ford Motor Company said on Thursday that it was investigating how it tested the emissions and fuel efficiency of its vehicles after employees reported …
- Hyundai offices raided in recall probe – Autocar: