This edition of thw Morning Auto News coming to you from a beach in Thailand
- Asian equities advance as IMF raises China growth projection – Nikkei: Electric carmaker BYD added 1.7% and Dongfeng Motor Group rose 2.5%. Guangzhou Automobile Group rose 3.2% after reporting on late Tuesday a …
- Tech in driver’s seat as S&P 500 flirts with record – Reuters: Technology stocks are extending their leadership on Wall Street as the S&P 500 trades near its all-time high, with Advanced Micro Devices Inc , Xilinx Inc and Xerox Corp among the top performers since last December’s sell-off that stirred fear of an…
- Deals of the day-Mergers and acquisitions – Reuters: The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Wednesday: ** Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an…
- Benchmark 2019 EU carbon price hits 10-year high – Reuters: The benchmark European Union carbon price rose to its highest point in 10 years on Wednesday, on competitive coal prices and hopes that Britain will remain in the EU’s Emissions Trading System for longer if it obtains a Brexit extension.
- New Ford Fiesta ST Performance Edition gets bespoke parts – Autocar: Ford releases UK-exclusive special edition ST with unique paint, extra kit and lower coilover suspension Ford has announced a Performance Edition of its third-generation Fiesta ST to celebrate a year since the first examples of the model hit UK roads….
- Ford’s overhaul in Europe diminishes German operations – Automotive News: Ford’s restructuring of its Europe operations and its shift toward utilities has one significant effect: Germany’s importance to the automaker in the region is shrinking, with 5,000 jobs in the country expected to be cut.
- BRIEF-Tianjin Faw Xiali Automobile Sees Q1 Net Loss Narrowing To 180-210 Million Yuan – Yahoo: Tianjin FAW Xiali Automobile Co Ltd : * SAYS IT SEES Q1 NET LOSS TO NARROW TO 180-210 MILLION YUAN FROM 223.0 …
- Porsche and Mercedes approach Formula E as proving ground for electric technology – FT: Two more carmakers overcome scepticism to join upcoming sixth season of maturing sport.
- Formula E helps develop and display battery-driven road vehicles – FT: Some of this technology has obvious relevance for a mass market, says James Barclay, team director for Jaguar Racing, Jaguar Land Rover’s Formula …
- SpaceX’s Readies First Falcon Heavy Launch for Paying Customer – Bloomberg: Elon Musk’s SpaceX is preparing to launch Falcon Heavy-its massive, heavy-lift rocket-for the first paying customer on Wednesday, more than a …
- Hyundai PH Named Top Regional Distributor of Commercial Vehicles for 2018 – Yahoo: Leading automotive company Hyundai Asia Resources, Inc. (HARI) achieved another milestone as it won the 2018 Regional Distributor of the Year award for …
- Slovenia plans to raise exports by almost 30 pct by 2025 – Reuters: Slovenia plans to … Its main exports include cars, car products, pharmaceuticals and household …
- Car Companies Curb AI Efforts – WSJ: Automotive companies are discontinuing or forgoing artificial-intelligence initiatives as they grapple with the complexity of the technology and uncertainty of the …
- Diversified Investing in the New Era Middle East – Bloomberg: Bloomberg’s Matthew Martin sits down with Dan Balmer, Aston Martin President of the Middle East, North Africa & Turkey; Ola Doudin, BitOasis Co-Founder …
- New Range Rover Evoque gets top marks from Euro NCAP – Autocar: Second-generation SUV is safest Land Rover ever tested; new Citroën C5 Aircross was also commended The new Range Rover Evoque has been awarded the maximum five-star safety rating in the latest round of tests by Euro NCAP. The British-built SUV, which…
- SK in talks over battery ventures with Volkswagen, China partners – Automotive News: South Korea’s SK Innovation is in talks to set up separate battery-making joint ventures with Volkswagen and Chinese partners, as the petrochemicals producer …
- Promoted | Honda CR-V Hybrid: Feel The Difference – Autocar: With an innovative hybrid system, Honda”s family-friendly SUV is now more efficient and even more refined. Our readers gave it a go. The Honda CR-V is one of Britain”s best-loved SUVs. Now, it comes with an innovative hybrid powertrain – available on…
- VW eyes buying big stake in China partner JAC, report says – Automotive News: VW eyes buying big stake in China partner JAC, report says … and, besides JAC, has joint ventures with state-owned FAW Group and SAIC Motor.
- Ghosn’s lawyers appeal to Japan Supreme Court over detention – Washington Post: The lawyers for Nissan’s former Chairman Carlos Ghosn, who was sent back to detention while out on bail, filed a protest with the Japanese …
- Rolls-Royce agrees to early inspection of problematic Trent engines – Reuters: * Stock underperforms bluechip index (Adds analyst comment, details, shares)
- We’re Seeing Younger Buyers, Says Aston Martin Lagonda’s Balmer – Bloomberg: Dan Balmer, MENA president at Aston Martin Lagonda, discusses demand for their new model, the SUV market, the launch of the Valkyrie, electric …
- Corrected: Nissan South Africa to invest $213 million to build new Navara model – Reuters: The South African unit of Japanese car maker Nissan will invest $213 million in the country to produce the new Navara model at a local plant, the firm’s South Africa managing director said on Wednesday.
- Jaguar starts high-end rentals in London – Automotive News: Jaguar Land Rover is offering an easy way for car-less Londoners to impress with a smart car on the weekend. InMotion Ventures, the …
- Ghosn lawyers file second appeal against detention: Kyodo – Reuters: Carlos Ghosn’s defense lawyers filed their second appeal against his latest detention on Wednesday, Kyodo news reported, as the ousted chairman of Nissan Motor Co seeks a formal explanation for his re-arrest.
- Nissan South Africa to invest $213 mln to build new Navara model – Reuters: AfricaThe South African unit of Japanese car maker Nissan will invest $213 million in the country to produce the new Navara model at a local plant, the firm’s South …
- Bentley hints at next Flying Spur with new images – Autocar: Next four-door luxury saloon will be revealed later this year Bentley has revealed first images of its next Flying Spur, which will be unveiled later this year. The Crewe-based car maker described itself as “innovating beyond the existing boundaries…
- Volvo AB explores closer ties with shareholder Geely in China – Automotive News: Truckmaker Volvo AB is exploring closer ties with Zhejiang Geely Holding Group in China in a sign the Swedish company and its largest investor are taking …
- Exclusive: Volkswagen eyes buying big stake in China partner JAC Motor, taps Goldman – Reuters: Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motor and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
- Indonesia chases Renault, Volvo investment in electric vehicles – Automotive News: Indonesia is seeking investment from Renault and Volvo to make electric vehicles as the country targets battery-powered automobiles to account for a quarter of …
- Nissan brand Infiniti aims to launch first electric car in three years, made in China – Reuters: The first electric car for Nissan Motor Co’s premium brand Infiniti will be a sporty sedan produced in China, the Japanese carmaker said in a statement …
- Gas-Guzzling SUVs Become Election Battleground in Australia – Bloomberg: Faced with an uphill battle to retain power in next month’s elections, Australia’s prime minister has found a new rallying cry: a pledge to protect drivers …
- Exclusive: SK Innovation in talks to set up EV battery JVs with Volkswagen, China partners – Reuters: SK Innovation Co Ltd is in talks to set up separate battery-making joint ventures with Volkswagen AG and Chinese partners, as the South Korean petrochemicals producer aggressively expands its involvement in electric vehicles (EVs).
- Ford Preparing Off-Road Version of Its Popular Escape SUV – Detroit Bureau: The new 2020 Ford Escape will be getting a new off-road variant cousin. The unnamed ute will show up in about six months. In what is billed by CEO Jim …
- Peugeot boss pushing hard on electrification – Autocar: Peugeot has been the main driving force behind PSA’s booming sales performance. The 3008 and 5008 SUVs have sold in droves globally while …
- Discounter Pinduoduo puts Alibaba and JD.com execs on hot seat – Nikkei:
- BUZZ-India autos: Jefferies sees weak Q4 – Reuters: … ** Jefferies previews a weak Q4 for Indian automakers after weak volume growth trends in most of the sector during the quarter. ** Higher discounts …
- China Car Market Slump Persists – Bloomberg: The free fall in the world’s largest car market has shown no signs of easing. Retail sales of sedans, sport utility vehicles, minivans and multipurpose …
- As more tech unicorns go public, this venture fund is looking to new frontiers – CNBC: Yeung said her company, an early investor in Southeast Asian ride-hailing giant Grab, is looking at investments that “truly add value.”.
- Carlos Ghosn Is Right About Nissan – Washington Post: While Nissan’s executives have obsessed over their former chairman, the carmaker’s performance has been poor. An overhaul at the top might help.
- Uber Seeks About $10 Billion in Year’s Biggest IPO – Bloomberg: … is coming from as the company expands into food and freight delivery and scooters and bicycles, as it also eyes driverless and even flying vehicles.
- Exclusive: Uber plans to sell around $10 billion worth of stock in IPO – Reuters: Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering (IPO), and will make public the registration of this offering on Thursday, people familiar with the matter said on Tuesday.
- Japan’s February machinery orders rebound but investment outlook fragile – Reuters: Japan’s machinery orders posted their first monthly … which could potentially threaten Japan’s auto exports to the U.S. market.
- Uber plans to sell around $10 billion worth of stock in IPO – CNBC: Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering (IPO), and will make public the …
