- Even with IPO billions, can Uber and Lyft survive long to enough to replace their drivers with machines? – Washington Post: To deliver for investors, Lyft will have to make its cars driverless. In the meantime tensions with drivers will only increase.
- In market debut, Lyft counters Uber with ‘nice guy’ image – Reuters: Lyft Inc has been challenging larger ride-hailing rival Uber Technologies Inc for years by cultivating an image of caring more for its drivers, riders and the environment. As the company debuts in the stock market on Friday, it hopes to convince…
- The tiny Smart car refuses to die. Now it’s headed to China – Latimes: Daimler is teaming up with Zhejiang Geely Holding Group to form a joint venture to transform the Smart car into an all-electric brand based in China, the world’s …
- Renault, Peugeot intensify battle for small-car supremacy – Automotive News: Renault and Peugeot hope to give Europe’s small segment a needed lift with the introduction of the latest versions of the Clio and 208, the companies’ …
- GM and Chrysler were bailed out 10 years ago: How they’ve changed – Freep: In March 2009, the Obama auto task force found that GM and Chrysler weren’t financially viable and needed to go through unprecedented bankruptcies.
- Mercedes-AMG GT63 S vs Porsche Panamera Turbo S | Which Luxury GT is best? – Autocar: Two supercar-quick four door saloon cars go head-to-head to find out which is the ultimate luxury grand tourer If you want your family car to be faster than is strictly sensible, you’ve got a lot of options. These are two of the latest, and the best….
- Apple and Goldman’s painful reinvention is hard to credit – FT: Apple and Goldman Sachs are in twin identity crises. … Yet after years of development, secret projects such as the Apple car remain stuck in the …
- Exclusive: Chinese EV car maker NIO restricts its IPO banks from working for rival – Reuters: Chinese electric vehicle (EV) maker NIO Inc has blocked the eight top investment banks that did its IPO from working for rivals by tying them up in rare year-long non-compete clauses, several people with direct knowledge of the matter said.
- France raises Valeo stake on fears of activist raids – Automotive News: The French government has increased its stake in Valeo, which has been previously targeted by activist investors, as the supplier is buffeted by a downturn in the auto market and lower expectations for self-driving cars.
- Renault-Nissan-Mitsubishi Alliance Needs to Grow Up – WSJ: Auto makers Renault and Nissan signed their first agreement on March 27, 1999, giving birth to an unusual cooperation underpinned by …
- Auto industry unites to oppose Trump import tariffs – Automotive News: Groups representing many arms of the auto industry — automakers, dealers, parts suppliers and aftermarket companies alike — are in lockstep in their opposition to new import levies being considered by the White House, a rarity for an industry that…
- German Unemployment Extends Decline Even as Factories Struggle – Bloomberg: The Bundesbank has given up on a growth rebound in the first quarter, after the car industry nearly sank the economy into recession. At the same time, …
- History of the Volkswagen Golf – picture special – Autocar: Autocar
- Volkswagen, Siemens to collaborate on industrial cloud technology – Reuters: Volkswagen has selected Siemens as its integration partner to help connect its 122 plants to Amazon’s cloud in an effort to raise efficiency in production, the two German companies announced on Friday.
- Infineon cuts sales forecast again on weak China car market – Automotive News: German chipmaker Infineon cut its 2019 revenue forecast on Wednesday for the second time in as many months, pointing to a …
- The Lyft IPO Is Here. The Stock Price, the Market Cap, and Should You Buy – Barrons: Lyft stock will begin trading, after the company completed its initial public offering process. It’s one of the first in a wave of “unicorns” expected to go public this …
- Hong Kong stocks up for 3rd month – Reuters: The three biggest H-shares percentage decliners were CRRC Corp Ltd, which was down 8.32 percent, Dongfeng Motor Group Co Ltd, which fell 2.7 …
- Global automakers urgently but need to take control of China JVs – Automotive News: Consider what has happened with Volkswagen Group and SAIC Motor this month and other major partnerships in recent months. The Chinese …
- Audi SQ2 – Autocar: Ingolstadt extends performance SUV line-up downwards to include Q2 crossover It”s testament not only to the design and engineering capacities of Audi but also to the unflinching confidence of its top brass that, even after a challenging few years, it…
- Volkswagen appoints new procurement boss – Automotive News: Volkswagen Group appointed Heiner Lanze as head of procurement at its new components division, which is one of the world’s largest parts makers.
- Fiat Chrysler to cut 1,500 jobs at Canada plant – Yahoo: Fiat Chrysler Automobiles (FCA) has announced it will cut some 1500 jobs at its factory in Windsor, Canada, around a quarter of its local …
- Hong Kong shares climb as US-China trade talks progress – Nikkei: BAIC Motor declined 3.4%. The carmaker and a unit of Germany’s Daimler have agreed to contribute a total of 700 million yuan ($104.1 million) to …
- New Nissan Juke: 2019 crossover caught with less disguise – Autocar: Second generation VW T-Roc rival will be unveiled at the end of this year with evolutionary design Nissan’s bestselling Juke crossover will move to a long-awaited second generation later this year, and prototypes with less disguise have been…
- Tesla supplier agrees to buy GM’s South Korean plant for EV manufacturing – Reuters: A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles.
- Global automakers are lining up to buy Fiat Chrysler. Here’s why – CNBC: A new auto giant would look to compete with Volkswagen, Toyota.
- Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources – Reuters: Electric vehicle start-up Leap Motor, co-founded by surveillance equipment maker Dahua Technology, is seeking to raise 2.5 billion yuan ($372 million) in its …
- Faster, cheaper, greener: Pakistanis turn to car-pooling service – Reuters: Medical student Mahnoor … Through the website, cars and vans that travel a daily route register with …
- Rakuten’s $24bn Lyft windfall reveals hidden ambitions – Nikkei:
- A Self-Described Uber-Bear Takes a Victory Lap – Bloomberg: Personally, I prefer the title über-bear. I certainly have no intention of being permanently bearish, but to be sure, being strategically underweight …
- GM to sell closed S.Korean plant to local consortium – Reuters: General Motors is expected to sign a deal to sell its shuttered factory in the South Korean city of Gunsan to a local consortium of auto parts makers, two sources with direct knowledge of the matter told Reuters on Friday.
- BMW to move into Honda’s Swindon plant? – Autocar: BMW itself has lately indicated it could move some Mini production out of Britain, likely to its Netherlands plant. It has already announced it is closing …
- Toyota: Fed makes ‘right call’ with pause in rate hikes – Automotive News: A top Toyota Motor executive said the Federal Reserve’s decision to put interest rate hikes on hold will be supportive to the U.S. auto market, which has slowed down in large part due to higher borrowing costs.
- 2020 Honda Jazz to be hybrid only – Autocar: New supermini will be the first in the maker”s European line-up to be offered only as a hybrid The next-generation Honda Jazz, which has been spied testing for the first time, will be offered only in hybrid from its launch next year. Set for an…
- South Korea’s factory output contracts sharply to two-year low on slowing car production – Reuters: South Korea’s February industrial production contracted sharply to a two-year low and missed forecasts by a large margin, …