- MIDEAST STOCKS-Uber-Careem deal boosts Saudi, real estate hurts Dubai – Reuters: Saudi shares rose on Tuesday boosted by a 10 percent surge in travel operator Al Tayyar Group, a shareholder in ride hailing app Careem which Uber has agreed to buy. Tayyar said it was expecting to make a gross profit of 1.78 bi
- LME waives listing fees for cobalt brands for six months – Reuters: The London Metal Exchange (LME) on Tuesday … on expected rising demand for cobalt, given its uses in electric cars.
- Brazil’s Petrobras modifies diesel pricing, developing payment system for truckers – Reuters: Brazilian state-run oil company Petroleo Brasileiro SA has approved a new pricing policy in which diesel prices at its refineries will not be readjusted more than once every 15 days, the company said on Tuesday.
- Login – Axios: Apple’s reputation for launching products that transform entire markets …. Vehicle service centers: Lyft is revamping its driver hubs, adding car repair …
- Nissan reportedly paid to send Carlos Ghosn’s four children to Stanford University – CNBC: The perk was part of Ghosn’s original employment contract when he signed on as chief executive officer in 1999, Bloomberg said, citing anonymous people familiar with the matter.
- U.S. auto sales seen falling in March – J.D. Power, LMC Automotive – Reuters: U.S. auto sales are expected to drop about 2.1 percent in March from a year earlier, partly due to bad weather, mixed economic data and lower tax refunds, according to industry consultants J.D. Power and LMC Automotive.
- Innoviz, Ouster raise millions for self-driving lidar sensors – Reuters: Self-driving technology continues to attract robust investment, as two tech startups, one in San Francisco and one near Tel Aviv, said this week they have raised …
- BRIEF-BAIC Motor, Daimler AG & DGRC To Make Further Capital Contributions To Beijing Benz – Yahoo: BAIC Motor Corp Ltd: * CO, DAIMLER AG AND ITS WHOLLY-OWNED SUBSIDIARY, DGRC, ENTERED AMENDMENT …
- China Evergrande says diversification complete, eyes top electric vehicle spot – Reuters: China Evergrande Group wants to be a big player in the electric vehicle industry because of its potential huge market size worth trillions of yuan, matching the big scale of its real estate business, its chairman said on Tuesday.
- Tesla Model 3 is Europe’s best-selling electric vehicle – Autocar: The Model 3’s European launch has been a success for Tesla Recent arrival bucks overall market decline to lead two key segments in February The Tesla Model 3 was Europe”s best-selling electric vehicle in February, in its first full month on sale…
- Bill Gates: AI is like nuclear energy – ‘both promising and dangerous’ – CNBC: According to Elon Musk, “cutting edge” AI is actually “far more dangerous than nukes.” But in Gates’ view, the most scary application of artificial …
- Tesla’s Model 3 Shatters Record in Electric Car Crazy Norway – Bloomberg: Tesla has sold 3,964 cars of all models in Norway so far this month, according to Teslastats.no, which bases its figures on updates from the Norwegian …
- China Scales Back Subsidies for Electric Cars to Spur Innovation – Bloomberg: China will scale back subsidies on electric vehicles as the industry develops and costs go down, trying to encourage local manufacturers to rely on innovation …
- NAFTA replacement running out of room to find path in Congress – Automotive News:
- Stocks making the biggest moves premarket: McDonald’s, Facebook, Mastercard, Tesla, Nike & more – CNBC: Check out the companies making headlines before the bell: McDonald’s – McDonald’s is buying Israeli marketing technology firm Dynamic Yield for a…
- Nissan Paid Stanford Tuition for Ghosn Children, Sources Say – Bloomberg: Renault appears to have made at least one charitable donation to Stanford. … Along with Nissan, Mitsubishi and 35 other companies, it’s an “affiliate …
- How to build a supercar: Honda NSX factory video tour – Autocar: We go behind the scenes to find out how Honda’s hybrid supercar gets pieced together Have you ever wondered how to build a supercar? We did, so while we were on a job in the US driving a Honda NSX from one side of the country to another, we stopped by…
- Tesla could rally nearly 40 percent, but that doesn’t mean it’s a buy, technician says – CNBC: Analysts are torn on Tesla, but technician Ari Wald says he’s still in the negative camp even if he sees a potential 40 percent rally ahead.
- Judge dismisses shareholder suit against Tesla – CNBC: The “Squawk Box” news team discusses some of the morning’s most provocative headlines.
- The 60 Best Workplaces in Finance and Insurance – Fortune: This year’s list of best workplaces in finance and insurance is topped by Edward Jones, which led the list … Vertical: Auto Insurance/Home Insurance.
- Tesla wins second dismissal of lawsuit over Model 3 production – Automotive News: The lawsuit claimed shareholders bought “artificially inflated” shares because Musk and other executives misled them with bullish statements about the production ramp of the Model 3.
- In Letter to Employees, Uber CEO Explains Why Newly-Acquired Careem Will Be Run Independently – Fortune: Uber confirmed early Tuesday morning that it’s acquiring Middle Eastern ridesharing competitor Careem in a $3.1 billion deal. The acquisition of the …
- Skoda could double output at new plant – Automotive News: Skoda’s new factory in eastern Europe will have an annual production capacity of 350,000 units, which could double if there is enough demand, the …
- Jeep Gladiator’s conquest plan: Stand out from the crowd – Automotive News:
- Ford to launch mild hybrid Fiesta and Focus in 2020 – Autocar: Ford Focus New models will feature 1.0-litre Ecoboost engine mated to 48V mild hybrid unit, are part of major electrification project Ford will launch mild-hybrid versions of the Fiesta and Focus in 2020, as part of the start of a “significant”…
- BMW tests cold weather reliability of its Tesla Model 3 fighter – Automotive News: BMW released pictures of its i4 full-electric car undergoing … BMW said the i4’s electric motors, high-voltage batteries, power electronics …
- Boutique EV Company, Now Named Canoo, Plans to Market by Subscription Only – Detroit Bureau: In a market crowded with wannabe battery-car manufacturers, Los … Tags: Canoo electric vehicle plans, Canoo subscription-based EV, EV maker …
- Hyundai to target Brezza and XUV300 with its new compact SUV – Yahoo: Hyundai will be launching its new compact SUV in May with the global reveal in April. This world debut of its compact SUV traces its origin to the Carlino concept …
- Uber acquires Mideast competitor Careem for $3.1B – Washington Post: Ride-hailing service Uber says it has acquired its Mideast competitor Careem for $3.1 billion, making it the …
- Saudi venture fund STV says Uber deal with Careem to help Mideast ride hailing firm grow – Reuters: Saudi Technology Ventures (STV) said on Tuesday Uber’s deal with Careem will help the Middle East ride hailing firm expand its customer base even further and continue to develop the regional economy.
- Ride-hailing service Uber acquires Mideast competitor Careen for $3.1 billion in largest tech sale … – Washington Post: Ride-hailing service Uber acquires Mideast competitor Careen for $3.1 billion in largest tech sale in the region.
- Uber buys rival Careem in $3.1 billion deal to dominate… – Reuters: Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a …
- 2019 Corvette C8: new mid-engined sports car edges closer to reveal – Autocar: America’s iconic sports car will undergo most radical change in its history with move to mid-mounted engine layout Chevrolet is readying what will be the most radical change ever to its iconic Corvette sports car: the all-new, mid-engined C8, due this…
- Wide-Body Dodge Charger Concept Makes Its Way to California Spring Fest – Yahoo: Fiat Chrysler Automobiles (FCA) finally confirmed that it was indeed its product on the video, and announced the car’s unveiling at this year’s Spring …
- China’s Tropical Talk-Fest Highlights Reform Pace Amid Trade War – Bloomberg: With China’s car market now the largest in the world, Xi’s promise to allow foreign manufacturers to hold majority stakes in their subsidiaries in China …
- Audi plans to launch A4-sized electric saloon in 2023 – Autocar: E-Tron GT is Audi’s upcoming ‘halo car’ Tesla Model 3 rival will slot into the firm’s growing E-tron range Audi will introduce an A4-sized electric saloon in 2023 as part of its growing range of E-tron models. The brand launched its flagship E-Tron…
- Global carbon dioxide emissions reached record high in 2018 – Axios: Global carbon dioxide emissions from energy generation climbed for the second straight year in 2018 and reached a record high as global energy …
- James Ruppert: the best compact cars for European cities – Autocar: Toyota Prius is a good city car but avoid ex-Ubers When in Rome… you need a car that’s cheap to run, efficient and easy to park. We consider the options There was me thinking that my limited appeal was strictly to the locals who don”t know any…
- Global coal use up by third as greenhouse gas emissions rise – Guardian: Greenhouse gas emissions from energy production rose strongly again last year, according to new data from the International Energy Agency, with a …