- Carlos Ghosn Rang Up $12 Million in Suspect Expenses, Audit Finds – WSJ: The audit of a Renault-Nissan joint venture, a summary of which was viewed by … In addition to the expenses at the joint venture, Nissan has been …
- Overall sales weakness weighs on GM in 1st quarter – Washington Post: Americans paid more for some GM vehicles in the 1st quarter, but overall sales fell and the automaker missed Wall Street’s expectations.
- GM doubles Q1 net income; operating profit falls – Automotive News: General Motors’ first-quarter net income doubled from a year earlier, though operating profit fell 11 percent primarily due to downtime at the company’s full-size SUV plant in Texas. GM reported net income of $2.15 billion, up from $1.04 billion in the…
- Uber looks almost nothing like Amazon despite what it plans to tell Wall Street – CNBC: Uber’s effort to draw a comparison to Amazon is unlikely to convince investors who can clearly see where the analogy falls apart.
- GM Rides Boost From Lyft`s IPO to Better-Than-Expected Profit – Bloomberg: General Motors Co.’s first-quarter profit got a boost from the initial public offering of ride-hailing company Lyft Inc. which helped the largest U.S. automaker beat …
- General Motors first-quarter profit rises, beats Wall Street estimates – Reuters: General Motors Co on Tuesday reported a higher quarterly net profit, lifted in part by revaluation of shares the company holds in ride-hailing company Lyft Inc …
- General Motors first-quarter profit rises, beats Wall St estimates – Reuters: General Motors Co on Tuesday reported a higher quarterly net profit, lifted in part by revaluation of shares the company holds in ride-hailing company Lyft Inc and France’s Peugeot SA.
- Jaguar Land Rover to build next generation of Defender in Slovakia – FT: Jaguar Land Rover will make the next generation of the Land Rover Defender at its Slovakia plant, the latest project the carmaker has shifted away …
- British commercial vehicle production gives strong performance in Q1 – Xinhuanet: British commercial vehicle (CV) production reached 27,513 units in the first quarter of 2019, hitting the strongest Q1 …
- SAIC Motor Q1 profit down 15 pct on falling sales – Xinhuanet: Chinese automaker SAIC Motor Corporation Limited reported a 15 percent drop in first-quarter net profit following a …
- Nissan Leaf electric car price increased in UK – Autocar: Increase of nearly £2000 is a reaction to shifts in market demand and inflation; 62kWh e+ model put into full production Nissan has raised the price of its Leaf electric hatchback in the UK by nearly 7%. The Volkswagen e-Golf rival is now available…
- PSA will offer electric Peugeot Boxer, Citroen Jumper vans – Automotive News: PSA Group will offer full-electric versions of its Peugeot Boxer and Citroen Jumper medium vans as it completes plans to electrify its range of light-commercial …
- Big Electric-Car Battery Maker Sues Rival for Stealing Secrets – Bloomberg: LG Chem Ltd., the South Korean electric-car battery giant, sued local rival SK Innovation Co. in the U.S. for allegedly stealing trade secrets by …
- China leads U.S. in lithium supply race amid EV boom – Automotive News:
- China’s CATL starts mass production of high-nickel batteries: chairman – Reuters: Contemporary Amperex Technology Co Ltd (CATL), China’s biggest maker of batteries for electric vehicles, has begun mass production of high-nickel batteries, its chairman told investors last Friday.
- Audi Sport announces management restructure – Autocar: Audi”s performance car division to be headed by two officials as current chairman retires Audi has revised the management structure at the head of its Sport performance car division. Effective from tomorrow, the BMW M and Mercedes-AMG rival will be…
- Great Wall and GAC sink on profit drop amid stimulus uncertainty – Nikkei: Shares of Chinese automobile majors Great Wall Motor and Guangzhou Automobile Group skidded on Tuesday as their …
- Franchised dealers ‘better value than ever’ – survey – Autocar: Trust in franchised dealers is on the rise, especially when it comes to servicing EVs and hybrids, according to NFDA Consumer Attitude Survey 2019 Upfront service packages make franchised dealers better value than ever when it comes to aftersales…
- Buick claims to ease pain, noise of potholes. Here’s what happened in our test. – Freep: Buick developed QuietTuning to mitigate the noise, rattle and shock of hitting potholes. We tested it to see if the ride is smooth and quiet.
- After reporting noose at auto plant, woman says company won’t let her return to work – Freep: A woman who worked for a subcontractor at Fiat Chrysler’s Sterling Heights Assembly says the Kentucky company won’t let her return to work.
- Fiat Chrysler teams up with Google, Samsung to launch global connected vehicle ‘ecosystem’ – Freep: By 2022, all new FCA vehicles worldwide will be connected through what the company is calling its global connected vehicle ecosystem, according to …
- Renault, Nissan open China innovation lab to advance mobility, EV efforts – Automotive News: In 2017, the alliance formed an engineering joint venture, eGT New Energy Automotive, with local partner Dongfeng Motor in the central China city of …
- Euro-Area Economy Grows More Than Forecast as Spain Outperforms – Bloomberg: … picture for the region, external trade conflicts and homegrown difficulties, notably an upheaval in Germany’s car industry, have yet to clear. Italy has …
- Vodafone found security flaws in Huawei equipment in 2011, 2012 – Reuters: Telecoms group Vodafone found security flaws in … underpin future development in many industries, such as self-driving cars.
- Clariant expects China rebound after weak Q1 – Reuters: Clariant said the worst of the economic … remain, he said, as manufacturers switch to electric cars and sales decline.
- EV battery maker LG Chem sues SK Innovation, alleges trade secret theft – Reuters: Electric vehicle (EV) battery maker LG Chem said it has sued its South Korean peer SK Innovation in the United States for alleged theft of trade secrets.
- Tesla Looks to Regain Its Luster in Solar Energy by Slashing Prices – New York Times: Tesla, which lost its status as the nation’s leading rooftop solar company last year, says it has figured out how to get back in the game – by slashing prices.
- As Sales Spiral Down, Daimler Kills Smart – Detroit Bureau: In addition, Daimler AG announced that it had sold a share of the Smart brand to Geely, which emerged as one Daimler’s major shareholders in 2018.
- Chinese EV maker CHJ seeks to raise up to $500 million in growth push – Reuters: Chinese electric vehicle (EV) maker CHJ Automotive is seeking to raise $300 million to $500 million in its latest funding round, two people with direct knowledge of the matter said, joining its peers in tapping more investors to finance growth.
- Next-gen Porsche hypercar could adopt retro styling – Autocar: Recent 917 concept was inspired by firm’s 1970 Le Mans-winning car Recent 917 concept previewed the brand’s plans for a successor to the groundbreaking 918 Spyder Porsche design boss Michael Mauer is deciding whether the firm”s new hypercar, due…
- Madrid Is Trying Out E-Scooters in Its Quest to Beat Traffic – Bloomberg: Then, when car-sharing arrived in Madrid a few years ago, he started … ahead of cars at traffic lights, and is seeking to expand the areas where they …
- Tencent-Backed Waterdrop Seeks Valuation of More Than $1 Billion – Bloomberg: Shen estimates that at least 50 companies, including ride-hailing giant Didi Chuxing, now offer similar services in China. The country is grappling with …
- Alphabet’s Miss Aside, U.S. Tech Has Topped Asia – Bloomberg: Google parent Alphabet Inc.’s surprise sales disappointment overnight has been one of the few stumbles so far in an otherwise stellar showing for U.S.-listed …
- China electric car firm Faraday Future says obtains $225 mln in bridge financing – Reuters: Chinese electric vehicle developer Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model.
- Volvo starts online car-buying service in UK – Automotive News: The new platform was launched in the UK, Volvo’s third-largest market, and is being watched closely by company officials based in other European …
- Pininfarina to expand China team despite market downturn – Automotive News: The clients include traditional Chinese carmakers such as Chery Automobile, Changan Automobile, GAC Motor, Jianghuai Automobile and Southeast …
- Mercedes to end Smart sales in Canada, US – Automotive News: Last month German parent Daimler said it was creating a joint venture with Zhejiang Geely Holding Group to build a new generation of Smart models …
- British car production falls for tenth consecutive month – Autocar: UK car manufacturing continues to decline – as industry bosses again warn of no-deal Brexit risks British car manufacturing declined for the tenth month in a row in March – and industry bosses have warned it could slump to 1980s levels in the event of…
- UK moves closer to major battery plant for electric cars – Autocar: Report claims Britain is “well-placed” to supply materials for mass battery production The challenge to equip a new-generation of British-built electric cars with high-tech batteries also made in the UK has received a £4.8 billion boost from the…