- 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…
- A ‘no-deal’ Brexit is already happening for us, Aston Martin CEO says – CNBC: The boss of luxury car maker Aston Martin Lagonda has told CNBC that his company is already operating in a “no deal” Brexit scenario. “From our …
- McLaren have set the stage for Fernando Alonso’s F1 encore – Guardian: McLaren are testing in Barcelona and they revealed on Wednesday that the 37-year-old will now be an ambassador for the team and test their F1 cars …
- Ferrari Readies a Successor for the Top-Selling 488 Sports Car – Bloomberg: Ferrari NV unveiled the first images of its F8 Tributo, an heir to its best-selling 488 sports car, ahead of its official debut at the Geneva Motor Show next …
- This Is What Peak Car Looks Like – Bloomberg: Such constraints, plus the expansion of the sharing economy and the … Last year, 550 million Chinese took 10 billion rides with the Didi ride-hailing …
- ZF Friedrichshafen says held takeover talks with Wabco – Reuters: ZF Friedrichshafen has held takeover talks with U.S. rival Wabco, a spokesman for the German car parts maker said on Thursday.
- SoftBank Vision Fund Bets $1.5 Billion on China Used-Cars Giant – Bloomberg: SoftBank Vision Fund is investing $1.5 billion in Chinese car trading platform Chehaoduo Group, placing another major bet on the world’s largest …
- Mid-engined Ferrari F8 Tributo revealed – Autocar: 710bhp replacement for the 488 GTB makes weight reductions and handling enhancements Ferrari has released images showing its new F8 Tributo supercar ahead of its appearance at next week”s Geneva motor show. With a mid-mounted 3.9-litre V8 producing…
- New 710bhp Ferrari F8 Tributo is fastest mid-engined Ferrari yet – Autocar: 710bhp F8 Tributo is replacement for 488 GTB, and will make public debut at the Geneva motor show Ferrari has surprised the world by releasing first images of a new mid-engined supercar, called the F8 Tributo, destined for the Geneva motor show next…
- Daimler, BMW Deepen Cooperation With Self-Driving Car Venture – Bloomberg: Partnerships are also a way to become more agile in the race to dominate digital services such as ride hailing to counter cash-rich giants like Alphabet …
- Seat confirms first electric model to be shown next week – Autocar: Seat’s first stand-alone electric model has been previewed in a new image Based on the VW Group”s MEB platform, the Seat EV has been previewed in an image Seat has confirmed it will launch its first electric vehicle at Geneva motor show next week. The…
- Audi R8 V10 Decennium marks 10 years of production – Autocar: Just 222 examples will be built to celebrate a decade of V10-powered R8 models Audi has revealed a new limited-edition version of the R8 V10 Performance, called the Decennium. The model is planned to be produced in a run of 222 at Audi Sport’s…
- BMW, Daimler pool resources on highly automated driving tech – Reuters: Daimler and BMW deepened their alliance on Thursday to share development costs for highly automated driving …
- Ford’s China joint venture to cut 2000 jobs – Nikkei: Ford Motor’s main Chinese joint venture plans to cut 2,000, or about 10%, from its workforce amid shrinking sales in the world’s biggest …
- 2019 Kia Niro revealed ahead of Geneva with fresh design, new technology – Autocar: Always-connected Hybrid and PHEV crossovers also gain uprated active safety systems from e-Niro Revised versions of the Kia Niro will debut at the Geneva motor show next week, adding greater connectivity and a tweaked exterior design to the hybrid…
- Aston Martin boss says Brexit delay would prolong uncertainty – Reuters: A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin told Reuters after Prime Minister …
- Aston Martin Beats Car-Sales Goal, Bullish on Growth This Year – Bloomberg: Aston Martin Beats Car-Sales Goal, Bullish on Growth This Year … The plan to boost sales comes as global auto markets are slowing, and carmakers … is immune to the slowdown, said Bloomberg Intelligence analyst Michael Dean.
- Inchcape posts lower full-year profit as auto market cools – Reuters: Car dealership chain Inchcape Plc reported a 2.6 percent decline in full-year pretax profit on Thursday, as Britain’s auto market …
- Carlos Ghosn’s new legal team has applied for bail: Tokyo district court – Reuters: Carlos Ghosn’s new legal team has applied for bail for the ousted Nissan Motor Co Ltd chairman, the Tokyo District Court said on Thursday.
- Australia’s annual emissions continue to rise, driven by LNG production – Guardian: Emissions in Australia are continuing to rise, with the latest increases driven predominantly by an increase in liquefied natural gas production in …
- Video first drive: 2019 Ram 2500 and 3500 pickups – Freep: The new Rams are the most capable and luxurious pickups in their class.
- Norway’s oil fund sells half its €1bn stake in VW after clashes – FT: Norway”s oil fund sells half its €1bn stake in VW after clashes Financial TimesWorld’s biggest sovereign fund revealed the move in a list of holdings.
- Peak Car Poses a Mortal Threat to Germany’s Most Important Industry – Bloomberg: The switch to ride-hailing and electric vehicles challenges national champions BMW, Daimler, and Volkswagen.
- 2019 Ram 2500, 3500 pickups bring power, luxury to farms, work sites – Freep: The 2019 Ram 2500 and 3500 pickups are coming to town. … could change fast, as Ford, Chevy and GMC storm into the latest front in the truck wars.
- Lordstown workers fear for future as GM prepares to ‘unallocate’ plant – Detroitnews: A northeast Ohio village braces itself before GM assembly plant goes dark
- The Porsche of SUVs is a Porsche – the new 2019 Cayenne – Detroitnews: Porsche has launched the third generation of its fun family-hauler
- Volvo’s Polestar 2 aimed squarely at Tesla Model 3 – Detroitnews: The Polestar 2 compact sedan boasts a Tesla-like battery range of 275 miles and starting price of about $43,000
- Tesla is lining up about $2 billion in loans for Shanghai Gigafactory: analyst report – CNBC: A report from equity research firm JL Warren Capital says that Tesla is lining up around $2 billion in loans from Chinese banks to build out its Shanghai Gigafactory.
- Apple to lay off 190 in autonomous car division – Reuters: 00:00:00. apple secretive self driving car division is going to be hit with layoffs I’m Stephen Ellis with writers in San Francisco apple on Wednesday …
- Apple self-driving car layoffs give hints to division’s direction – Reuters: Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan, changes that provide a rare …
- UK car output slumps 18 percent in January – Reuters: British new car production nosedived 18.2 percent in January, the eighth successive month of annual declines, due to model changes and weaker demand both in Britain and major export markets, an automotive industry body said on Thursday.
- MPs criticise decision not to disclose Nissan aid deal – FT: Ministers have been criticised by MPs for failing to disclose tens of millions of pounds of government support offered to Nissan to produce new vehicle …
- Car production tumbles almost 20% amid slump in exports – FT: Several carmakers, including BMW and Jaguar Land Rover, have arranged shutdowns at their factories in April with the aim of minimising disruption.
