- Forget Tesla, It’s China’s E-Buses That Are Denting Oil Demand – Bloomberg: The oil industry needn’t be too concerned — for now — about how Tesla Inc.’s electric cars are denting demand. China and its bus fleet could be more …
- Nvidia, Israel’s Cognata to partner on self-driving simulations – Reuters: Israel-based Cognata, a developer of simulation platforms for self-driving cars, said on Tuesday it was partnering with U.S. …
- Go-Jek again denied entry into Philippine ride-hailing market – Nikkei: A Philippine transport regulator has rejected anew request by Indonesian ride-hailing company Go-Jek to offer services in the county, due …
- Aluminium producer Hydro hit by cyber attack, shuts some plants – Reuters: Norsk Hydro, one of the world’s largest producers of … which transform aluminium ingots into components for car makers, builders …
- Fiat Chrysler revs up as Peugeot points to merger potential – Reuters: Fiat Chrysler shares jumped on Tuesday to the top of Europe’s STOXX 600 after the president of Peugeot family holding company FFP told French daily Les …
- Companies line up as Germany gives €1bn in battery cell subsidies to counter China’s might – Yahoo: Volkswagen is among the big names applying for the state support, as are BMW, chemicals giant BASF, and battery maker Varta.
- Stocks set for gains | Bezos’ texts sold | SEC: Musk never sought tweet approval – Yahoo: Futures are pointing to a higher open on Wall Street, giving the Dow a shot at extending its win streak to five days.
- Tesla Factory Injuries Idled Workers Three Times as Much in 2018 – Bloomberg: The electric-car maker also said it gives employees the time they need to rest and recover even if it makes their OSHA statistics look worse. Its overall …
- Ola bags $300m investment from Hyundai to fight Uber in India – Nikkei:
- How Much Oil Is Displaced by Electric Vehicles? Not Much, So Far – Bloomberg: Electric vehicles are taking ever-bigger bites out of global oil demand, but … “The impact of passenger EVs and e-buses on global oil consumption is …
- Jaguar Land Rover downplays possible side-effects of emissions recall – Automotive News: Jaguar Land Rover has downplayed claims that a recall over CO2 emissions that covers tens of thousands of mainly diesel models will affect the drivability of the …
- Real Time Economics: Market Forces vs. Government Fiat – WSJ: This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Good morning. Jeff Sparshott here to take you through …
- Palladium Tops $1600 as Metal Sets New Highs on Supply Shortage – Bloomberg: mainly used in autocatalysts in gasoline vehicles … The metal’s rally is even stirring debate about whether automakers can …
- Porsche SE raises voting share in VW – Automotive News: Porsche SE, the holding company controlling Volkswagen Group, has raised its voting share in the automaker to 53.1 percent from 52.2 percent.
- EV startup Evelozcity in talks with Magna Steyr for US production – Automotive News: California electric-car startup Evelozcity is in talks with European contract manufacturer Magna Steyr for U.S. production, sources said. A letter of intent …
- Elon Musk Hasn’t Had a Single Tesla Tweet Pre-Approved by a Lawyer, SEC Tells Judge – Fortune: The U.S. Securities and Exchange Commission said it’s “stunning” that Elon Musk didn’t seek pre-approval of any of his tweets about Tesla Inc. in the …
- Uber’s wild drive for growth in Chile – Reuters: Uber has vowed to turn over a new, more globally responsible leaf. However, Uber is still playing fast and loose in several countries in Latin America, …
- Jaguar F-Pace 300 Sport adds new styling for 2019 – Autocar: Chequered Flag special edition also joins the expanded line-up, which gains uprated interior technology Jaguar has expanded its F-Pace SUV line-up with two special edition models for 2019, as well as uprated interior technology and lower emissions for…
- Porsche SE says it raised voting rights share in Volkswagen – Reuters: Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday said it raised its voting rights share in the carmaker to 53.1 percent from 52.2 …
- Yandex teams up with Hyundai Mobis for driverless cars – Reuters: Russia’s Yandex and Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, agreed to jointly develop control systems for driverless vehicles, …
- Porsche SE says it raised voting rights share in VW – Reuters: Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday said it raised its voting rights share in the carmaker to 53.1 percent from 52.2 …
- To meet hot Ford Expedition demand, automaker rethinks assembly line – Freep: In an attempt to meet rapidly growing demand for the Ford Expedition that … So Ford is moving 550 workers from the Louisville Assembly Plant now … building the Expedition, Lincoln Navigator and F-Series Super Duty trucks.
- Ford ups Expedition production again at Louisville – Detroitnews: Thirteen months after Ford Motor Co. announced it would spend $25 million at its Kentucky Truck Plant to boost Expedition and Lincoln Navigator …
- Moving beyond ride-hailing, Southeast Asia’s Grab is rolling out financial services – CNBC: Grab said on Tuesday it is rolling out several financial products including microinsurance and credit services to users in Southeast Asia.
- Hyundai Signs Deal With Russia’s Yandex for Autonomous Cars – Bloomberg: A Hyundai Motor Group unit and Russia’s biggest technology company Yandex NV will jointly develop autonomous vehicles based the South Korean automotive …
- SAIC Motor criticizes VW CEO’s comments on raising joint-venture stakes – Automotive News: SAIC Motor expressed disappointment over comments Volkswagen Group CEO Herbert Diess made last week on the possibility of increasing the …
- Ford to boost profit-rich US large SUV production again – CNBC: Ford’s Kentucky Truck plant in Louisville will increase the production rate for Ford Expedition and Lincoln Navigator sport utility vehicles by 20 percent …
- Ford is boosting SUV production and adding 550 jobs at Kentucky Truck Plant – CNBC: Ford is boosting production of its Expedition and Lincoln Navigator sport utility vehicles and will be adding 550 new jobs at its Kentucky Truck Plant …
- Nissan e.dams brings Formula E excitement to China – Nissan-global: The power and performance of Nissan Intelligent Mobility technology will be on display in China this week when the ABB FIA Formula E Championship series comes to the southern city of Sanya.Nissan e.dams has been a strong contender in recent rounds of…
- Peugeot family would support more PSA acquisitions – Automotive News: PSA CEO Carlos Tavares has the backing of the Peugeot family to seek more acquisitions after the company’s purchase of Opel from GM. Tavares is reportedly …
- India’s Oil Consumption Rises for Third Month Before Elections – Bloomberg: Animal spirits in the South Asian country had a tame start in 2019 amid a pullback in exports and weak business activity. Domestic car sales declined …
- Citroen’s India push will be led by design, lower-cost cars – Automotive News: Citroen is counting on design and lower-cost models to break into the tough market of India. The French brand plans to launch sales in India …
- The Philippines rejects Go-Jek’s appeal for ride-hailing licence – Yahoo: In the Philippines, ride-hailing was added to the list of industries when foreign ownership is limited to 40 per cent. The Philippines’ Land …
- SEC: Elon Musk is in “blatant violation” of settlement agreement – Axios: Elon Musk was in “blatant violation” of a settlement agreement and his defense against being held in contempt “borders on the ridiculous,” the …
- Philippines rejects Go-Jek appeal against ride-hailing licence ban – Reuters: Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a licence due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion plans.
- INSIGHT-Riding with ‘Uncle Diego’: Uber’s wild drive for growth in Chile – Reuters: The Uber driver pulled up to the international airport outside Chile’s capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble.
- Riding with ‘Uncle Diego’: Uber’s wild drive for growth in Chile – Reuters: The Uber driver pulled up to the international airport outside Chile’s capital. As his passenger jumped into his gleaming Suzuki, …
- China Evergrande Sets Sights on Being World’s Biggest EV Maker – Bloomberg: “Evergrande has positioned across the electric vehicle industry chain and is now armed with advanced technology,” Chairman Hui Ka Yan was cited …
- Philippine transport regulator rejects Go-Jek’s appeal for ride-hailing licence – Reuters: The Philippines’ transport regulator said on Tuesday it has rejected an appeal from Indonesia’s Go-Jek to launch a …
- Ola Raises $300 Million to Step Up Battle With Uber in India – Bloomberg: India’s Ola is raising $300 million from Hyundai Motor Group, giving the ride-hailing startup more capital to compete for drivers and customers against Uber …
- Mazda CX-30 to miss out on turbo power? – Autocar: NZ Autocar
- Hyundai Motor, Kia to invest $300 million in Ola – Reuters: South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, …
- SEC: ‘Stunning’ that Elon Musk never complied with order to get tweets approved – Latimes: The U.S. Securities and Exchange Commission said it’s “stunning” that Elon Musk didn’t seek pre-approval of any of his tweets about Tesla Inc. in the …
- U.S. states probing Hyundai, Kia over vehicle fires -Connecticut AG – Reuters: A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday.
- Toyota’s Altona site to become hydrogen production and refuelling centre – Guardian: Carmaker to join with renewable energy agency to create $7.5m centre for commercial-grade hydrogen.
- SEC: Musk contempt defense ‘borders on the ridiculous” – Detroitnews: U.S. securities regulators are fighting back against Tesla CEO Elon Musk, arguing that he should be held in contempt
- Lyft Touts Revenue, Values in Video Pitch to Investor Prospects – Bloomberg: … executives, in the video seen by Bloomberg, tout their San Francisco-based company … “to deliver the largest shift to society since the invention of the car.” As of 2018, more than a quarter million Lyft riders have given up their cars …
- SEC says Musk’s contempt defense ‘borders on the ridiculous’ – Washington Post: U.S. securities regulators are fighting back against Tesla CEO Elon Musk, arguing that he should be held in contempt for brazenly …
- Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge – Reuters: Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a…
- Elon Musk’s tweet about Tesla violates settlement agreement, US regulator says – CNBC: A tweet about Tesla production targets by Elon Musk was “a blatant violation” of a court order to get his written communications pre-approved, U.S. …
- Elon Musk’s defense of his Tesla tweets is ‘flawed,’ SEC says – Washington Post: The Securities and Exchange Commission lobbed a fiery response back at Tesla chief Elon Musk late Monday, saying his “flawed” arguments to a …
- Toyota is first customer for Nvidia’s new AV simulation platform – Automotive News: In the first decade of the self-driving vehicle industry, companies have accumulated roughly 15 million miles driven in autonomous …
- Nissan Looks to Capture Pole Position in Egypt and Gulf by 2022 – Bloomberg: Japanese automaker Nissan Motor Co. is planning on introducing new models in the Arab world and increasing capacity at its local factories as part of a bid to …
- SEC fires back at Musk over tweets – Automotive News: The U.S. Securities and Exchange Commission fired back at Elon Musk in the ongoing litigation over whether his recent tweets violated a court agreement.
- SEC Stunned Musk Failed to Get Pre-Approval of Tweets for Months – Bloomberg: The U.S. Securities and Exchange Commission said it’s “stunning” that Elon Musk didn’t seek pre-approval of any of his tweets about Tesla Inc. in the months …
- 2020 BMW M division models to receive new 500bhp engine – Autocar: The 2020 BMW M4 Gran Coupe as imagined by Autocar Munich squares up to rivals with jacked-up straight-six powerplant in next-generation M3 and M4 models The next-generation BMW M3 and M4 due in 2020 will receive a significantly upgraded six-cylinder…
- Opinion: are we now in the age of the hyper-saloon? – Autocar: The next-gen BMW M3 makes substantial power increases over its predecessor BMW’s M cars are tipped to receive more potent powertrains from 2020, which threatens their position as performance family cars With looming emissions legislation and the…