- Fiat Chrysler profits climb in 2018, expects better 2019 – Detroitnews: The automaker reported its year-end earnings Thursday
- Volvo Cars courts investors to raise cash for Polestar, CEO says – Reuters: Volvo Cars is talking to Chinese investors as well as U.S. tech investors as the company seeks external finance for its Polestar performance electric car brand, the Swedish carmaker’s CEO said on Thursday.
- Fiat Chrysler profits soar on North American results – Washington Post: Italian American automaker Fiat Chrysler says fourth-quarter net profits rose by 61 percent, powered by North American sales of the all-new …
- Bugatti Chiron Sport ‘110 ans Bugatti’ edition revealed – Autocar: Special-edition model celebrates brand’s 110th anniversary and French roots; is limited to 20 examples Bugatti has revealed a special, ultra-exclusive version of the Chiron Sport as part of its 110th anniversary as a brand. Described as a “tribute to…
- Ghosn under scrutiny over 50000-euro wedding bill – Yahoo: French carmaker Renault said Thursday that it would inform investigators … millions of dollars in pay as head of Nissan, Renault’s alliance partner.
- Fiat Chrysler hourly workers to get $6,000 profit sharing checks – Detroitnews: The dollar amount is based on the company’s financial performance in the U.S.
- Jaguar Owner Posts $3.8 Billion Loss on Slump in China – Bloomberg: … half of all new car sales and a third of the planet’s automobile fleet — equal to 559 million vehicles — will be electric, according to Bloomberg NEF.
- Jaguar Land Rover woes drive India’s Tata Motors to biggest quarterly loss – Reuters: (Adds details on impairment charge, background). Feb 7 (Reuters) – Indian automaker Tata Motors Ltd posted its biggest quarterly loss on Thursday, hurt by an …
- Renault to Alert Ghosn’s Wedding Costs to French Authorities – Bloomberg: French automaker Renault SA plans to alert French authorities to a payment it made to the tourist landmark Chateau de Versailles that personally …
- Renault needs to show “total transparency” – French finance minister – Reuters: French carmaker Renault needs to show total transparency as it probes its business practices, including a sponsorship deal …
- CEO’s Promise to Stop Tweeting Sends His Company’s Stock Higher – WSJ: In 2023, Mr. Maezawa is set to be the first paying customer to fly around the moon on the SpaceX vehicle of Mr. Musk, CEO of car maker Tesla Inc.
- Tata Motors posts third-quarter loss – Reuters: India’s Tata Motors Ltd on Thursday posted a loss for the third-quarter, hurt by an impairment charge for its luxury car unit Jaguar Land Rover.
- India’s Tata Motors posts Q3 loss – Reuters: India’s Tata Motors Ltd on Thursday posted a loss for the third-quarter, hurt by an impairment charge for its luxury car unit Jaguar Land Rover.
- Volvo reports record profit but feels tariff-driven margin squeeze – Automotive News: BMW, Daimler, Volkswagen, Porsche, Jaguar Land Rover, Ford and Renault-Nissan all have recently announced plans to save billions of dollars over …
- Harley-Davidson Should Build Pickup Trucks, Not Electric Motorcycles – Barrons: Harley-Davidson’s (ticker: HOG) troubles run so deep that it should start making pickup trucks or SUVs. Either that or Harley could make a good …
- EU Slashes Growth Forecasts and Warns Over Brexit, China – Bloomberg: … 2018 as political instability continued to rock Italy, violent protests in France depressed output, and Germany’s car industry struggled to rebound from …
- Renault probes gift from Versailles chateau to ex-CEO Ghosn – Washington Post: Carmaker Renault has alerted French authorities to a … gift from the chateau of Versailles to its former chairman and CEO Carlos Ghosn.
- Daimler says its emissions will rise in 2018/2019 due to WLTP – Reuters: Daimler’s average emissions levels in Europe will rise in 2018 and 2019 because stricter anti-pollution testing rules have revealed higher results, Chief …
- Nissan resists having Renault’s Senard as chairman, report says – Automotive News: Nissan is unwilling to support an arrangement with its alliance partner Renault that would place the French automaker’s Chairman …
- Subaru slashes profit forecast by 16% amid factory setbacks – Nikkei:
- Musk Protege Takes a Break From Twitter to Focus on ‘Actual Job’ – Bloomberg: Musk Protege Takes a Break From Twitter to Focus on ‘Actual Job’ … Yusaku Maezawa, Japan’s answer to Elon Musk on social media, saw his shares … would become the first commercial passenger to the moon on a SpaceX rocket.
- Osram first-quarter net loss hit by downturn in automotive markets – Reuters: German lighting company Osram on Thursday said all its divisions fared badly in its fiscal first quarter due to a weakening …
- SoftBank’s Son Transforms $5.5 Billion to $17 Billion Overnight – Bloomberg: … its portfolio of private companies that includes the world’s biggest ride-hailing company Uber Technologies Inc. and co-working giant WeWork Cos.
- Volvo Cars feels margin pressure from U.S.-China tariff war – Reuters: Volvo Cars, owned by China’s Geely, reported higher full-year revenue on Thursday, but said its profit margins had slipped and were expected to remain under pressure this year.
- Toyota debuts new Tacoma to protect its crown as No. 1 midsize pickup from encroaching US rivals – CNBC: Toyota makes some updates to its best-selling pickup industry watchers say are much needed as competition heats up.
- AAA confirms what Tesla, BMW, Nissan electric car owners suspected – cold weather saps EV range – CNBC: A new AAA study finds that when the thermometer drops to 20 degrees Fahrenheit, range falls by an average of 41 percent on the five electric vehicle models it tested.
- Hyundai Creates Tech to Assist Hearing-Impaired Drivers – Yahoo: Hyundai has revealed a new innovative technology that assists hearing-impaired drivers. Hearing-impaired drivers are dependent mainly on their sight and …
- Lexus reveals refreshed 2019 Super GT line-up – Yahoo: Lexus has also handed Yuichi Nakayama a break in Super GT’s flagship category, the multiple GT300 race winner being paired with Heikki …
- Subaru sees profit at six-year low on stoppage but turnaround hopes lift shares – Reuters: Japan’s Subaru Corp cut its full-year earnings forecast by 16 percent to flag its weakest profit in six years due to a production stoppage but its shares climbed 6 …
- GM’s incentive plan for Cruise chief points to IPO-SEC filing – Reuters: General Motors Co on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for …
- Fiat Chrysler, Bosch agree to pay $66 million in diesel legal fees: filing – Reuters: Fiat Chrysler Automobiles NV and Robert Bosch have agreed to pay lawyers representing owners of U.S. diesel vehicles $66 million in fees and costs, according to court filing on Wednesday and people briefed on the matter.
- Europe’s Diesel Drivers Beware: Heftier Tax Is Coming Your Way – Bloomberg: Here’s another reason not to buy a diesel-powered car, and why consumption of the fuel could ebb in one of the world’s biggest demand centers: tax.
- Dongle lets you see how your car is performing – Detroitnews: The wireless ODBLink MX+ lets you acccess the diagnostic systems of your car
- NASA and SpaceX reset Crew Dragon test flight for March 2 – CBS News: NASA announced Wednesday the first unpiloted test flight of a SpaceX Falcon 9 rocket and a Crew Dragon astronaut ferry ship has slipped from later …
- GM Cruise chief could earn $179 million in long-term incentives – Reuters: The head of General Motors Co’s Cruise self-driving car unit stands to make more than $179 million over the next decade if the technology subsidiary experiences a change in ownership or is listed publicly, according to a regulatory filing on Wednesday.
- Electric-Vehicle Market at ‘Inflection Point,’ EVgo CEO Says – Bloomberg: Cathy Zoi, EVgo chief executive officer, discusses the growth in electric-vehicle offerings and the infrastructure improvements needed to power them …
- First Polestar 1 prototypes seen ahead of customer deliveries – Autocar: Polestar’s 592bhp hybrid coupe will go into customer production in the next few months, with development under way The first Polestar 1 hybrid coupe prototypes are have hit the winter testing routes ahead of the car’s release later this year….
- Land Rover to launch heavily revised Discovery Sport this summer – Autocar: Facelift will include tweaks to bumpers and headlights Revamped five and seven-seat SUV moves to a new platform and will feature interior overhaul Land Rover will reveal a heavily updated Discovery Sport this summer, intended to regain ground lost to…