- Uber’s conflicting self-driving fleet vision – FT: We at Alphaville have for a long time argued the economics of self-driving taxi fleets don’t work. If you’re still not convinced, we recommend Uber’s IPO docs, …
- Ferrari CEO confident on plan’s targets despite uncertain backdrop – Reuters: The chief executive of luxury race car maker Ferrari said on Friday he was confident about meeting the targets of a business plan through 2022 despite a …
- Mexico, U.S. to discuss NAFTA replacement, border delays – Reuters: Mexican government and business leaders will meet with their U.S. counterparts for a second straight day on Friday, seeking to push for ratification of a trade deal, do away with border delays that are hurting exporters, and discuss metals tariffs.
- Fiat Chrysler CEO sees acceleration as year goes on – Reuters: Weaker margins in North America in the last quarter of 2018 had raised concerns about a potential slowing demand in the United States, where FCA …
- U.S. auto safety agency probes Nissan Rogue over unintended braking – Reuters: The U.S. National Highway Traffic Safety Administration has opened a probe into potential unintended braking in 675,000 2017-2018 Nissan Motor Co Ltd Rogue vehicles, the agency said in a statement on Friday.
- GM teases 2020 Chevy Corvette C8 in bid for Ferrari, McClaren luxury sports car market – CNBC: On Thursday, General Motors quietly rolled out a new link on its web site that touted the “next generation Corvette reveal event” on July 18, along with photos of a camouflaged car that show an all-new, mid-engine model.
- Japan braces for trade talks with Trump – Automotive News: Japan Prime Minister Shinzo Abe is desperate to avoid tariffs or quotas on lucrative auto exports, while President Trump wants to reduce a $60 billion trade deficit.
- Survey: Most Americans See EVs as City, Commuter Cars – Detroit Bureau: (Bipartisan group wants to extend federal EV credits. … Tags: auto news, battery car, car news, commuter car, electric vehicle, ev study, mini, mini …
- China’s Foton considers acquisition of a Ford plant in Brazil: newspaper – Reuters: China’s Beiqi Foton Motor Co Ltd is eyeing the acquisition of Ford Motor Co’s Brazilian plant in the industrial city of Sao Bernardo do Campo, newspaper Valor …
- Taxi App That Drove Uber From China Sees Its Valuation Stall – WSJ: Not every ride-hailing giant is riding a surge in valuations. Uber Technologies Inc.’s IPO documents this week provided fresh insights into its Chinese …
- Buffett Says Musk Could Improve as CEO, Doubts Merit of Tweeting – Bloomberg: Warren Buffett echoed Tesla Inc.’s largest outside investor in questioning whether Elon Musk and Twitter make a good match. “He’s a remarkable guy.
- GM talks with Amazon-backed Rivian collapse, report says – Automotive News:
- Amazon’s entry into the satellite internet market sets up another faceoff between Jeff Bezos and … – Latimes: “It’s all part of the much bigger fight between Jeff Bezos and Elon Musk,” Farrar said. “Those two billionaires are in an ongoing war, and this is just one …
- Volvo to build XC40 SUV in China as demand grows – Reuters: Volvo Cars has started producing its XC40 compact crossover SUV in China to bump up capacity and cater for growing demand, the Swedish carmaker said on …
- Tesla stops offering online sales of cheapest $35,000 electric car – Automotive News: Tesla announced changes to its vehicle lineup and pricing, including ending online sales of its bottom-of-the-range $35,000 car, to drive demand after disappointing Q1 deliveries.
- Volkswagen Faces Lawsuit for Illegally Selling Prototypes Not Fit for the Road – New York Times: The automaker, which is trying to regain the trust of car buyers after an emissions scandal in 2015, has acknowledged improperly selling preproduction cars.
- GM Talks With Amazon-Backed Electric Truckmaker May Be Dead – Bloomberg: Talks between General Motors Co. and electric-vehicle startup Rivian Automotive Inc. about the largest U.S. carmaker buying an equity stake have reached an …
- Brazil’s Petrobras postpones diesel fuel price revision – filing – Reuters: Brazil’s Petroleo Brasileiro SA has decided to postpone a diesel fuel price revision that was announced on Thursday, according to a securities filing on Friday.
- Fiat Chrysler ready for bold action to build solid future, Elkann says – Automotive News: Fiat Chrysler Chairman John Elkann said he was ready for bold and creative decisions to help build a solid and attractive future for the carmaker.
- BRIEF-Fiat Chrysler has strength to make investments, pay dividends-CEO – Reuters: Fiat Chrysler Automobiles Chief Executive Mike Manley says:
- Toyota sees opportunities in leveraging hybrid tech – Automotive News: Toyota has received interest from more than 50 companies after the automaker said it will offer free access to electric technology patents.
- IAC spinoff Auria Solutions wins big from focus on premium automakers – Automotive News: Auria Solutions is a supplier specializing in fiber-based soft trim and noise suppression solutions. CEO Brian Pour spoke to Automotive News Europe about …
- Grab faces $2bn payout to Uber if no IPO by 2023 – Nikkei:
- From the D to the UP, Michigan drivers have had enough – Freep: When Michigan’s car insurance law was passed in 1972, it was sold as a measure that would save drivers money and reduce legal battles over …
- Behind Uber’s Slowing Growth: Onslaught of Global Competition Takes a Toll – WSJ: Uber Technologies Inc. has talked up its expansion into new businesses beyond ride-hailing, from food delivery to long-haul trucking. But it can’t …
- China auto sales drop at smallest pace in 7 months, tax cuts help – Reuters: China’s auto sales fell again in March but the pace of decline was the smallest in seven months, industry data showed, as car makers reduced retail prices to boost business after Beijing handed out tax cuts to spur consumer spending.
- Exclusive: Toyota sees new business opportunity in leveraging hybrid tech – Reuters: The head of Toyota Motor Corp’s electric vehicle (EV) business told Reuters the automaker has received enquiries from more than 50 companies since …
- China March auto sales fall at slowest pace in seven months – Reuters: China’s auto sales fell again in March but the pace of decline was the slowest in seven months, industry data shows, as car makers reduced retail prices to boost …
- In China’s Moribund Auto Market, Japan and Germany Are Winning – Bloomberg: As China trudges though its first car-market recession in a generation, Japanese and German manufacturers are gaining on the locals.
- Auto giants battle used car dealers for Africa’s huge market – Reuters: At the edge of Nairobi’s Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers.
- Carlos Ghosn Will Stay in Jail Until at Least April 22 – WSJ: TOKYO-Carlos Ghosn’s detention was extended by a Tokyo court, meaning he will remain in jail until at least Apr. 22. The former chairman of Nissan …
- Japan court extends Carlos Ghosn’s detention until April 22 – Reuters: The Tokyo District Court said on Friday it had extended Carlos Ghosn’s detention period by eight days, giving prosecutors until April 22 to bring formal charges against the former Nissan Motor Co boss or let him go.
- Geely launches new EV brand Geometry with Tesla Model 3 rival – Autocar: Autocar
- Tesla Halts Online Sales of $35,000 Version of Model 3 – WSJ: Tesla stopped online sales of the lowest-priced Model 3 just weeks after introducing it, the latest shift in sales tactics as the company struggles to deliver …
- Tesla Just Made It Harder to Buy Its Cheapest $35000 Electric Car – Bloomberg: Tesla Inc. announced changes to its vehicle lineup and pricing, including making it tougher to buy the bottom-of-the-range $35,000 car, in an effort to …
- Poll shows 50% of Australians support shifting all sales of new cars to electric vehicles by 2025 – Guardian: Transition to electric vehicles to cut carbon emissions has dominated climate policy debate in the Australian election campaign.
- Brussels Edition: Being French – Bloomberg: Combusted Germany | The German car industry may be facing far more existential issues than tariffs. For the country’s biggest employer, the transition …
- Panasonic shares surge in stark contrast to Tesla’s – Nikkei:
- Gas explosion also damaged world-famous Porsche collection – Washington Post: The gas explosion that killed one person and injured 25 others in North Carolina also damaged a world famous collection of Porsches.
- Chevrolet confirms mid-engined C8 Corvette with first official images – Autocar: First official images of the new Corvette show a prototype in its now-familiar camouflage US manufacturer breaks silence to announce that the Porsche 911 rival will be fully revealed on 18 July Chevrolet has confirmed that the long-awaited…
- Next China: Trump’s Moving On – Bloomberg: The world’s third-largest economy will begin trade talks with the U.S. next week with the threat of American tariffs on cars and car parts hanging over …
- Tesla starts offering leases for Model 3 – CNBC: Tesla on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer base.
- Honda’s China sales likely to catch U.S. sales in 2-3 years: CEO – Reuters: Honda’s sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company’s chief executive said on Friday.
- Uber filing lists revenue gains, struggles of food business – Reuters: Uber Technologies Inc’s restaurant delivery business has grown revenue to $1.5 billion in just three years, the company disclosed in its IPO filing on Thursday, dwarfing the revenue of its profitable, and already public, rival Grubhub Inc.
- Rich People’s Problems: Should you buy a Tesla to duck pollution charges? – FT: Two years ago I spent £95,080 on a brand new Tesla to avoid paying London’s £11.50 daily congestion charge. Should you do the same? In the context of …
- Fiat Is Fading Fast in the US, Where SUVs Rule – Bloomberg: The company had high hopes when it brought back its minicars in 2011, but cheap gas and SUVs are hurting its sales.
- Tesla begins offering leases for Model 3 – Reuters: CanadaTesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer …
- Don’t Shed a Tear for This Tesla Breakup – Bloomberg: Elon Musk’s company invested around $300 million in the site, known as the Gigafactory 2. At the time, we wrote that the Japanese company would …
- Uber IPO filing reveals Softbank as largest shareholder – Nikkei:
- Who is in the driver’s seat in battle for South Korean gaming giant Nexon? – Reuters: The sale of a controlling stake in the parent of South Korean gaming firm Nexon Co is now narrowing to a handful of serious bidders after generating fevered speculation.
- Corrected: How Uber and Lyft compare on key financial metrics – Reuters: Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
- Uber files for biggest IPO of the year – Nikkei:
- Mazda working on ‘hyper’ Mazda3? – Autocar:
- Carmakers to Trump: ‘This car is not a national security threat’ – Detroitnews: The national origin of cars has become a hot-button issue as the president attempts to fulfill campaign promises made in the industrial Midwest.
- Jeep mega-brand transforms Fiat Chrysler’s future – Detroitnews: Jeep’s explosive growth is fast making it a mega-brand on the order of Chevrolet and transforming Fiat Chrysler in the process
- Uber Warns in IPO Filing That Its Drivers Will Be Even Less Happy – Bloomberg: “The long-term model of driving for less than minimum wage after you pay the expenses for your car is not a model that a company can mask with a …
- Inside SoftBank’s push to rule the road – Reuters: SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into …
- Factbox: SoftBank’s transportation bets – Reuters: In addition investing more than $25 billion in Didi, Uber, Ola, Grab and Cruise, SoftBank … Auto1 Group, a German online auto retailer.
- Volkswagen workers launch new bid for UAW unit at Tennessee plant – Reuters: A group of Volkswagen employees has launched a bid to unionize 1,700 workers at a Chattanooga, Tennessee assembly plant, after the United Auto …
- Text: Transcript of Reuters interview with EPA Administrator Andrew Wheeler – Reuters: U.S. Environmental Protection Agency Administrator Andrew …. Getting the older cars off the road improves public safety as well as …
- Uber’s past is still haunting its business – Latimes: Among the many risks the company laid out in detail, Uber lists its workplace … and may in the future continue to harm, our business results and financial … Still, it’s far more than Lyft’s $24-billion valuation at the time it went public.
- Factbox: How Uber and Lyft compare on key financial metrics – Reuters: Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
- Uber reveals strong growth, huge losses ahead of IPO – Washington Post: Its unprofitable history may force Uber to eventually raise its ride-hailing prices … for operating under less regulation than the traditional taxi industry.
