- Ford teases electric Mustang ‘Pony Car’ on Twitter as Musk unveiled Tesla Model Y – CNBC: President of the Americas Joe Hinrichs told CNBC the company is moving quickly toward producing what it previously described as a “Mustang-inspired” all-electric SUV that will be in showrooms next year.
- BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros – Reuters: BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset higher technology investment and currency costs.
- Auto Makers Steer in Tesla’s Direction on Wireless Updates – WSJ: Auto makers have outfitted new cars with a lot of technology, but their next challenge is to refresh the software remotely.
- Rolls-Royce Sees Record China Sales Even as Market Cools – Bloomberg: Ultra-luxury carmaker Rolls-Royce is predicting record sales in China for this year, confident it can navigate the world’s biggest auto market’s worst slowdown in …
- Henrik Fisker: $40,000 electric SUV ‘can actually make money’ – Automotive News: Fisker says he’s evolved since 2012, when he released the now discontinued $100,000 Fisker Karma (and its warmed-over corpse, the Karma Revero).
- Renault calls on company veterans to lead Europe, China – Automotive News: Renault has called on experienced executives to lead its operations in Europe and China as the automaker copes with the aftermath of the …
- Skoda to launch low-cost EV after initial electric car blitz – Autocar: Model will follow two MEB-based SUVs based on Vision iV Skoda CEO Bernhard Maier has confirmed that a lower-cost electric model based on the VW Group”s MEB platform is under consideration. The new model would be a sibling car to the VW ID hatch and…
- UK’s first self-driving bus begins trials – CNBC: The system uses radar, ultrasound and optical cameras.
- Turkish automotive production down 14 percent y/y in Jan-Feb – association – Reuters: Production in Turkey’s automotive sector fell 14 percent year-on-year in the January-February period, the Automotive …
- Toyota to produce new car model at UK plant – FT: Announcement improves chances of Burnaston facility remaining open.
- BMW launches sweeping savings plan – Automotive News: BMW warned that its 2019 earnings will fall “well below” last year’s level and announced a $14 billion cost savings plan to help offset the impact of trade conflicts and unprecedented spending on electric cars.
- Toyota, Suzuki charge up partnership for electric cars – Reuters: Toyota Motor Corp and Suzuki Motor Corp on Wednesday said they planned to produce electric vehicles (EVs) and compact cars for each other to better compete with fast-changing technologies in the global auto industry.
- Trump Pours Gas on GM’s Already Smoldering Relations With UAW – Bloomberg: President Donald Trump’s Twitter barrage is unlikely to re-open an idled Ohio car plant. But his intervention in the matter will intensify what are already shaping …
- For Global Growth Outlook, O’Neill Says Look to China’s Consumer – Bloomberg: … first time since the early 1990s, and companies from Apple Inc. to Jaguar Land Rover Automotive Plc said slowing China sales are hurting business.
- Carlos Ghosn’s Case Likely to Be Put on Fast Track, Lawyer Says – WSJ: TOKYO-The trial of former Nissan Motor Co. Chairman Carlos Ghosn could begin as soon as the fall, his lawyer said, suggesting the court doesn’t …
- Counting the cost: Nissan unpicks Ghosn legacy of ‘high-handedness’ and ‘wrongdoings’ – Reuters: In September 2007, despite weighty responsibilities at the helm of Nissan Motor Co and alliance partner Renault SA, …
- Europe’s car stocks rally as BAML backs autos as ‘contrarian’ buy – Yahoo: Europe’s autos and suppliers index climbed 2.4 percent on Tuesday after Bank of America Merrill Lynch analysts recommended contrarian investors buy select …
- Nissan’s former Chairman Ghosn to go to trial in fall, lawyer says – Nikkei: The trial of former Nissan Motor Co. Chairman Carlos Ghosn over his alleged underreporting of remuneration could start this fall, his …
- Ghosn trial expected to start in September, report says – Automotive News: The trial of former Nissan boss Carlos Ghosn on charges of under-reporting his salary is expected to start in September, the public …
- Trial of former Nissan boss Ghosn expected to start in Sept – NHK – Reuters: The trial of former Nissan Motor Co boss Carlos Ghosn on charges of under-reporting his salary is expected to start in September, public broadcaster NHK said on Wednesday.
- BMW Warns of Profit Slump and Sets a $25 Billion Savings Plan – Bloomberg: The automotive profit margin will be in the range of 6 percent to 8 percent this year, below an 8 percent to 10 percent long-term target. Peter added that …
- Skoda to launch 30 new cars by 2023, following record 2018 – Autocar: The electric Vision iV concept recently shown at Geneva Czech car maker is readying for electrification onslaught this year after increasing deliveries by 4.4% last year Skoda will launch 30 new models by 2023, at least 10 of which will be…
- Toyota and Suzuki agree wide-ranging partnership – Autocar: Autocar
- Trump to Visit Thriving Military Factory Near Closing Car Plant – Bloomberg: President Donald Trump on Wednesday will visit a thriving military factory in politically vital Ohio, a symbol of his success at enlarging the U.S. defense …
- Nissan Names New Nissan PH Prez, Outgoing Prez to Head Nissan TH – Yahoo: Nissan has just announced that its local office in the Philippines will be headed by Atsushi Najima, replacing current President and Managing Director …
- Dongfeng-Nissan JV says mid-term China sales plan has not changed – Reuters: Nissan Motor’s China joint venture with Dongfeng has not made any changes to its mid-term China sales plan, a company spokeswoman told Reuters on Wednesday, responding to a report that it has cut its sales target.
- Porsche production boss readies leap into EVs – Automotive News: Porsche is gearing up to launch the Taycan full-electric sedan and expects to largely transfer the bulk of the automaker’s product range to electric drivetrains by …
- Ford Explorer Owners Say Their SUVs Are Making Them Sick – Bloomberg: The deadly effects of exposure to high carbon monoxide levels are well known, but experts say chronic exposure to lower levels can also be unhealthy.
- Renault-Nissan pick Leaf, Clio as first cars for Microsoft connectivity – Automotive News: Dubbed the Alliance Intelligent Cloud, the new connected-car platform will help drivers navigate and service their cars while providing the automakers troves of data to channel into self-driving car systems.
- Rolls-Royce Sees Record China Sales Despite Worst Slowdown in a Generation – Bloomberg: Ultra-luxury carmaker Rolls-Royce is predicting record sales in China for this year, confident it can navigate the world’s biggest auto market’s worst slowdown in …
- Check out the Citroen’s rival for Creta in India – Yahoo: The news is official that the PSA Group will launch it first product in two years’ time and it will showcase the new car on April 3. Citroen has been …
- Elon Musk tweet sparks fresh fight with SEC – Reuters: The U.S. SEC says Tesla founder Elon Musk has not complied with a court ruling that he get all his tweets approved by company counsel.
- The UK’s used car write-off conundrum – FT: According to Auto Express, 97 per cent of the 203 authorised motor insurance companies use the Motor Insurance Anti Fraud & Theft Register …
- Vietnam ‘State-Aligned’ Hackers Are Targeting Auto Firms, FireEye Says – Bloomberg: Vietnamese “state-aligned” hackers are targeting foreign automotive companies in attacks that appear to support the country’s vehicle manufacturing …
- GM to invest nearly $3 billion to keep two Brazilian plants open – Freep: Reuters said GM declined to comment on whether its restructuring plans … He’s become a vocal advocate for the auto industry and earlier this year …
- Uxin CEO on Servicing Customers, 4Q Earnings, Demand for Used Cars in China – Yahoo: … customers, 4Q earnings, profitability, demand in China’s used car market and their partnerships. He speaks on “Bloomberg Markets: China Open.”.
- Henrik Fisker on His Latest Hail Mary for Relevancy – Bloomberg: And Tesla has one now, the $82,000 Model X, and one in the hopper, the … “When Fisker and Tesla started, we had to do everything ourselves, …
- Mercedes-Benz Provides Early Look at New GLC Coupe – Detroit Bureau: Mercedes-Benz continues to reshape the definition of a coupe with the introduction of the new 2020 GLC coupe that is almost more sport-utility than it …
- Nissan Cuts China Sales Outlook as Car Market Sputters – Bloomberg: Nissan and Dongfeng Motor Corp. now forecast that their joint venture will sell 2.39 million vehicles in 2022, the end of the current mid-term plan.
- Hyundai set for clash with Elliott over dividend and directors – Nikkei: Hyundai Motors is bracing for a showdown with activist investor Elliott Management over dividends and a board revamp at its annual …
- Volkswagen and FAW to form company for ‘connected car’ services – Nikkei: Volkswagen will form a new company with Chinese state-owned automaker FAW Group to improve digital services for its vehicles in China, the.
- Bugatti working on a Taycan-based electric sedan? – Autocar:
- BRIEF-China Zhengtong Auto Services Updates On Proposed Spin-Off Of Shanghai Dongzheng … – Yahoo: China ZhengTong Auto Services Holdings Ltd: … LISTING OF SHANGHAI DONGZHENG AUTOMOTIVE FINANCE CO.
- China’s Electric Cars Hit Some Potholes – Bloomberg: The government is doing everything it can to spur sales of new-energy vehicles. First, it should stop them from spontaneously combusting.