- Alphabet Margins, Expenses Key for Earnings as Stock Eyes Record – Bloomberg: Shares of Google parent Alphabet Inc. could return to record levels if first-quarter results Monday afternoon show that the company’s margins are …
- Tesla says may seek alternative financing sources – Reuters: Tesla Inc said on Monday it could seek alternative financing sources although it expects cash generated from its business would be enough to fund its …
- Renault refreshes van lineup – Automotive News: Including Jinbei sales, Renault Group global light-commercial vehicle … head of light-commercial vehicles for the Renault Nissan Mitsubishi alliance.
- France Takes Trip to US to Drum Up Money for Venture Capital – Bloomberg: this month car sharing platform Drivy SAS sold itself to San Francisco-based Getaround for $300 million.
- Tesla Faces Steeper Costs to Raise Cash – WSJ: Tesla has plenty of options for raising money, but it is getting more expensive to do so, say analysts and investors.
- BYD Q1 profit surges 632 pct on booming NEV sales – Xinhuanet: BYD, China’s leading new energy vehicle (NEV) manufacturer, reported a year-on-year 632 percent increase in net …
- Tesla’s China plant takes shape as key to Musk’s future ambitions – Automotive News: Foundations for the plant in Shanghai have been laid, and construction workers are erecting walls and other structures for the factory, which could eventually rival production from its U.S. assembly plant.
- European car sales: EVs and hybrids up as diesel hits historic low – Autocar: Registration figures across Europe in March show electrified cars pass 100k mark, while diesel hits its lowest point since 2000 Europe”s new car market declined by another 3.6% last month – the seventh consecutive monthly fall, with factors such as…
- 100,000 EVs and hybrids registered in March, diesel down to 31% – Autocar: European new car sales figures show continued market decline, diesel hits its lowest point since 2000 Europe”s new car market declined by another 3.6% last month – the seventh consecutive monthly fall, with factors such as the diesel city ban, falling…
- Here’s how Uber is pitching itself to investors – CNBC: Uber’s IPO investor pitch involves laying out how an investment in the company is not as risky a bet as previous IPO may be. CNBC’s Leslie Picker …
- Bosch Makes Another Bet on Fuel Cell Technology – Bloomberg: Robert Bosch GmbH, the world’s largest auto-parts supplier, joined forces with fuel-cell stack maker Powercell Sweden AB, in a bet the technology will …
- DealBook Briefing: Uber Wants to Be the Next Amazon – New York Times: Uber plans to convince investors that it can do anything. “Cars are to us what books were to Amazon,” Dara Khosrowshahi, its C.E.O., has said.
- The last mile: A suburban office park turns to Lyft to ferry commuters to transit stations – Chicago Tribune: Employees at a north suburban office park can get free Lyft rides to and from nearby Metra stations, allowing them to leave their cars at home.
- Hear from Polestar’s boss on his plans to challenge Tesla – Automotive News: Ingenlath also had another job to undertake at the 2-year-old brand: help attract new investors to Polestar. Hear from the man who aims to turn Volvo …
- GM Reports Earnings Tomorrow. Here’s What to Expect. – Barrons: Tesla (TSLA) hosted its autonomous technology investor event last week, and self-driving cars are key to the future of ride-hailing companies like Uber …
- UK pulls up Rolls-Royce for slow supplier payments – Reuters: Engine maker Rolls-Royce said on Monday that it had been suspended from the UK government’s Prompt Payment Code (PPC) after failing to pay suppliers in time.
- Bosch signs pact with Sweden’s Powercell to mass produce fuel cells – Reuters: German auto supplier Bosch on Monday said it had reached a licensing agreement with Powercell Sweden AB to jointly mass produce hydrogen fuel cells for electrifying heavy-duty commercial vehicles.
- BYD profit leaps on demand for electrified vehicles – Automotive News: Chinese electric-vehicle maker BYD, backed by U.S. investor Warren Buffett, reported a 632 percent jump in its first-quarter net profit, …
- France builds stake in Valeo in bid to neutralise activist fund – Reuters: France has raised its stake in car parts group Valeo to just above 7 percent through state bank Bpifrance, as it looks to protect leading companies from activist …
- Fiat Chrysler CEO 100% Sure Carmaker Can Survive Tech Disruption – Bloomberg: Fiat Chrysler Automobiles NV is a “house of brands” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is …
- Sweden’s Veoneer considers capital raise of up to $500 mln – Reuters: Sweden’s Veoneer said it was seeking funding of up to $500 million to plug a funding deficit as the electronic car …
- JFE unit in talks to buy stake in Chinese EV component maker – Nikkei:
- Fix the used-car recall loophole – Automotive News: The last burst of momentum to solve the used-car loophole came in late … And it needs a credible leader: an agency, a company, an entrepreneur …
- GM’s carbon fibre truck bed just a beginning – Automotive News: General Motors’ new carbon fibre pickup box for the GMC Sierra is the tip of the iceberg for what the automaker could do with …
- Infiniti shores up struggling QX50 – Automotive News: When the redesigned Infiniti QX50 compact crossover launched last spring, executives heralded it as the brand’s most important …
- Dealer anniversaries – Automotive News: Tim Galvin, right, dealer principal of Miracle Chrysler-Dodge-Jeep-Ram in Gallatin, Tenn., receives a 25-year award from Carlos Jimenez, FCA …
- A closer look at the Cadillac of lead generation – Automotive News: Cadillac bought a 10,000-square-foot (930-square-metre) film studio in Toronto and converted it into a sleek showroom. But outside of …
- Volvo digital chief to join MGM Resorts – Automotive News: Volvo’s board member for consumer and enterprise digital, Atif Rafiq, will leave the company effective April 30. Rafiq will move to MGM Resorts …
- Startup set to launch China’s first commercial autonomous taxi – Nikkei: The startup, which is backed by the Renault-Nissan-Mitsubishi alliance’s venture fund as well as Hong Kong’s artificial intelligence unicorn SenseTime …
- Carmakers face pressure to set self-driving car rules – Detroitnews: Tesla, Waymo announcements put pressure on legacy carmakers are partnering to craft safety rules while Congress dithers.
- How automakers, tech companies can turn driverless plans into dollars – Detroitnews: As driverless cars move closer to reality from science fiction, there’s a new competition: the race to a business case.
- Airbags are back under the microscope – Automotive News: NHTSA’s expanded investigation of ZF airbags is reminiscent of the Takata recall crisis, but there is little similarity between them.
- Mexico dealers clamoring for Lexus get their wish – Automotive News: Top Toyota executives traveled to Mexico City to break the big news to its 67 Mexican dealers, some of whom are likely to submit proposals to be among the first batch of newly minted Lexus dealers.
- Ford `very encouraged’ after Q1 progress – Automotive News: Ford’s stock hit a six-month high last week following better-than-expected earnings and a big investment in EV startup Rivian.
- Marchionne heirs in line for Ferrari stock awards – Automotive News: An unusual clause provides for up to $90 million in shares for the family of the former Fiat Chrysler CEO.
- China’s Nio has the industry watching – Automotive News: Traditional automakers see startup Nio as a model for a new way of doing business in an industry facing an onslaught of technologies from electrification and connectivity.
- Waymo factory plan in Detroit spotlights talent needs – Automotive News: Waymo’s plans to establish an advanced manufacturing facility in the heart of Detroit illustrates how Silicon Valley and Michigan have grown to recognize each other’s value to the industry.
- For Mexico’s dealers clamoring for Lexus, the wait is over – Automotive News: Top Toyota executives traveled to Mexico City to break the big news to its 67 Mexican dealers, some of whom are likely to submit proposals to be among the first …
- Ford ‘very encouraged’ after Q1 progress – Automotive News: Ford’s stock hit a six-month high last week following better-than-expected earnings and a big investment in EV startup Rivian.
- Mercedes-GLS debut gets inside-the-box thinking – Automotive News: When Mercedes-Benz brought its redesigned flagship GLS SUV to show off at the New York Auto show this month, it put the shipping container on display, too.
- Tesla’s Musk keeps talking the talk, despite grim financial reality – Automotive News: After a quarter that one analyst called a “debacle,” CEO Elon Musk insists profits and demand will return.
- Aston Martin unveils droptop DBS Superleggera – Automotive News: Aston Martin is continuing the parade of open-top variants from the exotic realm with the DBS Superleggera Volante.
- Transmission troubles add to Nissan’s woes – Automotive News: For the second time in two months, Nissan last week slashed its profit outlook, partly due to quality problems with its transmissions. Nissan blamed the …
- Disruptive deals return center of gravity to Detroit – Automotive News: One day, it was a partnership between Amazon Web Services and Ford for Autonomic’s Transportation Mobility Cloud, a collaboration that will be the …
- How successful AV development might play out – Automotive News: Particularly because AVs are linked with electric vehicle development, the … Developing interim revenue streams from AV technology is imperative.