- Ford CEO Jim Hackett earned $17.1 million in 2018 – Reuters: Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $17.1 million in 2018, up from $16.3 million the previous year, while adjusted pretax profit for the automaker dropped $2.6 billion from 2017, the company said…
- Breakingviews – Volkswagen CEO’s Nazi pun constitutes peak gaffe – Reuters: Volkswagen CEO’s Nazi pun constitutes peak gaffe Reuters(Reuters Breakingviews) – Volkswagen’s Herbert Diess has effortlessly claimed pole position on the grid of foot-in-mouth chief executives. The boss of the 74 …
- UK carmakers forced to idle plants despite possible Brexit delay – FT: BMW, Honda and Jaguar Land Rover all scheduled downtime in their factories during April, following government advice to prepare for a no-deal …
- Here’s what Wall Street analysts are saying about Tesla’s Model Y: ‘Underwhelming’, ‘no surprises’ – CNBC: Tesla unveiled its crossover SUV electric vehicle on Thursday night but Wall Street was largely unimpressed by the car and received it with little …
- Jeep, Jaguar winners as European sales fall 1% in February – Automotive News: Jeep and Jaguar made big gains in a European market where new-vehicle sales declined by nearly 1 percent in February. Porsche, Audi, Ford and Opel were among brands whose registrations fell.
- BMW, Daimler seek to save $8B each from shared platforms, reports say – Automotive News: BMW and Mercedes owner Daimler are in talks over developing electric vehicle platforms together in a move that could save them $7.91 billion each, German media reported.
- BMW Is Weeding Out Its Lineup to Prepare for the Electric Future – Bloomberg: BMW AG will reduce its model lineup to lower costs as the German luxury carmaker copes with a cooling global economy and persistent trade …
- Musk Says Tesla `Would Love to Be’ in India This Year or Next – Bloomberg: Tesla broke ground in January on a $5 billion factory in China, its first car-manufacturing facility outside the U.S., after four years of planning. Tapping …
- BMW, Daimler seek to save $8 billion each from shared platforms, reports say – Automotive News: BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each automaker …
- Honda says any Brexit delay must be long enough to give stability – Reuters: Honda, BMW’s Mini and Rolls-Royce brands and Jaguar Land Rover – together accounting for around 55 percent of UK car output – all plan to shut …
- Honda says Brexit delay must be purposeful and long enough to give stability – Reuters: Japanese carmaker Honda said any delay to Brexit must be purposeful and long enough to give business stability, …
- BMW warns of difficult 2019 as it posts forecast-beating 2018 profit – Reuters: BMW’s full-year operating profit fell 7.9 percent to 9.12 billion euros (7.8 billion pounds), beating analyst expectations thanks …
- BMW still preparing for no-deal after UK parliament backs Brexit delay – Reuters: German carmaker BMW is continuing to prepare for a worst-case scenario no-deal Brexit after lawmakers voted to …
- Engineers develop cheap, simple tests for car emissions – Reuters: Engineers develop cheap, simple tests for car emissions … scandals over carmakers’ use of illegal defeat devices to manipulate exhaust emission tests. … (CARB), which would later help blow the whistle on the Dieselgate scandal.
- All-new Lotus model due next year – Autocar: More practical sports car will beat new-era Elise, Exige and Evora models to market Lotus will reveal an all-new sports car next year as its expansion under Geely ownership begins to bear fruit. The model is part of a five-year plan that has been…
- Volkswagen Faces SEC Lawsuit for Misleading Bondholders – Bloomberg: Volkswagen AG has been sued by the U.S. Securities and Exchange Commission over claims that the automaker misled investors while hiding its …
- U.S. SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors – Reuters: * VW shares down 0.6 pct to 143.32 euros at 0915 GMT (Adds no comment from Winterkorn lawyer, new figure for cost of “dieselgate” scandal)
- Tesla Model Y joins EV battlefield – Automotive News: Model Y deliveries will begin in fall 2020 and launching the new crossover quickly is critical for Tesla, beset by factory bottlenecks in the past, to build on the momentum of the Model 3. The much-awaited crossover will face competition from other…
- BMW i EVs increasingly influence design of broader line-up – Autocar: i3 design marked a radical departure from BMW’s design language. Now, it’s setting the tone Company design chief reveals how the styling of its electric vehicles is having an impact on mainstream models The BMW i models have revolutionised design…
- Carmakers see ‘Green New Deal’ as a non-starter – Detroitnews: Auto industry says a compromise is needed on mpg rules
- Elon Musk Reveals Tesla Model Y Crossover to Start at $39,000 – Bloomberg: Tesla Inc. Chief Executive Officer Elon Musk unveiled a cheaper electric crossover SUV, the Model Y, in a bid to regain momentum after a rough start to the year.
- European car registrations fall 0.9 percent in February – Reuters: Western Europe passenger car registrations fell 0.9 percent in February with demand falling in major markets like Italy and Spain as well as for volume brands …
- Fury at EU’s Worst Highways Fuels New Kind of Protest in Romania – Bloomberg: “If you’re a teacher, extend the students’ break by 15 minutes; if you’re a builder, stop working for 15 minutes; if you’re a driver, stop the car for 15 …
- Lotus Cars plans major turnround after Geely cash boost – FT: The Geely investment will allow Lotus to refresh its sports car line-up, expand into new vehicle types, launch electric cars, hire more engineers, and …
- Opinion: Tesla’s most important model yet brings few surprises – Autocar: The Model Y didn’t debut with any gimmicky features – but it didn’t need them, and is a good sign for things to come from Tesla The Model Y was the reason journalists and fans descended on Tesla’s LA design studio last night (and I set my alarm clock…
- SEC sues Volkswagen, Winterkorn, citing ‘Dieselgate’ fraud on investors – Reuters: The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, accusing the company of perpetrating a “massive fraud” on U.S. investors.
- Seven-seat Tesla Model Y revealed with 300-mile range – Autocar: Electric SUV set to arrive in 2020 from $39,000 Tesla has officially revealed its Model Y compact SUV, which is set to arrive in 2020. The company”s fourth mainstream model was unveiled at the company”s Los Angeles design centre by CEO Elon Musk, who…
- Short circuit: Tokyo unveils chatty ‘robot-eers’ for 2020 Olympics – Yahoo: This time around there is speculation a flying car will be used to light the Olympic flame, although 2020 organisers are keen to stress the practical use …
- Tesla just unveiled the Model Y, its new crossover SUV – CNBC: The Model Y could help Tesla tap into the growing crossover market.
- Tesla unveils Model Y as electric vehicle race heats up – Automotive News: Ordering the car requires a $2,500 refundable deposit. Musk unveiled the vehicle at a 40-minute event at Tesla’s design studio in Hawthorne, outside …
- U.S. SEC sues Volkswagen, Winterkorn over ‘Dieselgate’ – Reuters: The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, accusing the company of perpetrating a “massive fraud” on U.S. investors.
- Volkswagen CEO Apologizes for Phrase Similar to Nazi Slogan – Bloomberg: Volkswagen AG Chief Executive Officer Herbert Diess apologized for his use of a phrase that appeared to play on a Nazi-era slogan, “Work sets you free.”
- What’s Driving Automakers Out of Europe? – New York Times: Blame has been cast on events like Brexit, but there are other changes that are reshaping the industry globally.
- With Tesla as its model, MagniX revs up electric motors to revolutionize airplanes – Yahoo: An electric-propulsion company called MagniX shifted its headquarters from Australia to Redmond just a few months ago – but it’s …