- Ford Joining Amazon Investing in Electric Truck Maker Rivian – Bloomberg: Ford Motor Co. will invest $500 million in Rivian Automotive Inc., aligning the maker of the industry-leading F-Series pickup line with an upstart looking to …
- The Tesla Twitter war, charted – FT: If Tesla’s share price is a war, Twitter is the battleground. The conflict pits Tesla’s celebrity chief executive and its shareholders, who tend to tag their tweets with …
- Tesla troubles expected to grow with Q1 report – Automotive News: Tesla’s first-quarter financial forecast have been lowered sharply by analysts in recent weeks, especially after disappointing delivery numbers were announced earlier this month.
- U.S. car tariffs alone would have limited impact on EU, central bank says – Automotive News: The immediate impact of such levies would be small even though escalating trade tensions could have grave consequences for the global economy, a study concludes.
- Hear how Toyota is winning in Europe with hybrids – Automotive News: Matthew Harrison is driving sales of Toyota vehicles in Europe as the automaker reaps the benefits of being an electrification leader in the region. Harrison will …
- Ford invests $500 million in Rivian, an electric truck startup in Michigan – Freep: Rivian is a highly sought-after partner as the auto industry clamors to find ways to jump ahead of competitors in the pivot to electrification.
- Tesla investors await updates from Elon Musk on service, the Shanghai factory and Model 3 margins – CNBC: Tesla investors await updates on service improvements, the Shanghai Gigafactory and Model 3 margins.
- Uber’s Amit Jain to leave, co names new Asia-Pacific unit chief – Reuters: Uber Technologies Inc said on Wednesday the head of its Asia-Pacific operations will leave the company at the end of next month, and will be replaced by Pierre-Dimitri Gore-Coty.
- Study blames medical claims for high auto insurance rates in Michigan – Freep: A new study by an insurance industry group blames soaring medical claims and an explosion in lawsuits for Michigan’s high auto insurance rates.
- Next-gen Mercedes-Benz SL: chassis testing mule spotted – Autocar: Mercedes’ all-new SL drop-top is due in 2020 with AMG chassis development, and shortened mules testing new platform have been seen Bizarre Mercedes-Benz prototypes, believed to be chassis mules for the next-generation SL, have been spotted – a week…
- Hyundai Motor bets on U.S., South Korea sales as profit beats consensus – Reuters: South Korea’s Hyundai Motor unveiled a promising outlook for sales at home and in the United States, and also reported its first rise in profit in five quarters, in an early sign of recovery even as it battles a slump in China.
- Tesla’s Earnings Are Expected to Be Ugly – Bloomberg: The time has finally come for the market to find out just how ugly Tesla Inc.’s first quarter was.
- Gen Z Can’t Afford the SUVs Detroit Is Making – Bloomberg: Focusing on large, pricey vehicles brought U.S. automakers back from the brink, but it may cost them a generation of buyers.
- Nissan cuts earnings forecast on poor US sales – Nikkei:
- Nissan Profit to Drop Below Renault’s for First Time in Decade – Bloomberg: Nissan Motor Co. is on track to miss its full-year profit goal, earning less than alliance partner Renault SA for the first time in a decade and underscoring the …
- Nissan slashes profit outlook to near-decade low – Automotive News: Nissan expects operating profit for the year ended March to drop 45 percent, its lowest in nearly a decade, due to weakness in the United States and the departure of former Chairman Carlos Ghosn.
- Hyundai Motor beats expectations with higher profits – FT: South Korean carmaker reports better sales in US but slowing China market.
- BMW to buy cobalt direct from Australia, Morocco for EV batteries – Reuters: AfricaGerman carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not …
- Truckmaker Volvo profit tops forecast as supply chain squeeze eases – Reuters: Truckmaker Volvo beat first-quarter operating profit forecasts on Wednesday as it sold more higher priced vehicles and margins benefited from an easing of supply chain pressures.
- Didi readies Colombian launch in next ride-hail battle with Uber – Nikkei:
- Revision to full-year financial results forecasts for fiscal year 2018 – Nissan-global: Nissan today announced a downward revision to its February 12 forecasts for financial results for the full fiscal year ending March 31, 2019.The revision takes into account: – additional expenses arising from the implementation of a warranty extension…
- Swedish truckmaker Volvo Q1 profit beats forecast – Reuters: Swedish truckmaker AB Volvo reported a first-quarter operating profit that beat market expectations on Wednesday on the back of higher vehicle sales and …
- Hyundai Motor profit jumps as S.Korea, U.S. sales offset China slump – Reuters: South Korea’s Hyundai Motor reported a better-than-expected 24 percent jump in net profit for the January-to-March quarter, as improved business at home and …
- Hyundai Motor Returns to Earnings Growth on Rising SUV Demand – Bloomberg: Hyundai Motor Co. increased its operating profit for the first time in six quarters, helped by strong demand for new sport utility vehicles and decreasing incentive …
- For some Chinese companies, generous state subsidies make up for losses – Nikkei: For the Chinese auto industry, 2018 was a triple whammy.Wang Chuanfu, founder of electric car and battery maker BYD, neatly …
- Nissan resurrects COO position after 5 years – Nikkei:
- Jaguar Land Rover Leans on US Amid China Slump, Brexit Turmoil – Bloomberg: Jaguar Land Rover is facing stiff headwinds in the U.K. and in China, the world’s largest car market, but the storied British automaker sees the U.S. as …
- This self-driving startup wants to do more than just deliver groceries to your doorstep – CNBC: Those items will be delivered to them by one of AutoX’s driverless cars. The company’s aim is to “democratize autonomy” and make self-driving cars …
- Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan – Reuters: * Ride-hailing effectively banned in Japan (Adds details on service expansion)
- Tesla upgrades Model S, X cars, brings backs cheaper variants – Reuters: Tesla Inc, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed.
- Tesla Is Bringing Back Its Cheaper Model S and Model X – Bloomberg: After a record decline in vehicle deliveries in the first quarter, Tesla Inc. is introducing lower-priced versions of several models, effectively offering consumers a …
- Hyundai promotes China designer to global role in Seoul – Automotive News: Simon Loasby takes over as head of the styling group at the Hyundai Design Center.
- Aston Martin reveals DBS Superleggera Volante – Autocar: Aston Martin has taken the wraps off its fastest convertible ever. … Like the coupe, the droptop Volante uses Aston Martin’s twin-turbo 5.2-litre V12 …
