- Fiat Chrysler pins hopes on new models after weak first quarter – Reuters: Fiat Chrysler (FCA) expects new models such as the Jeep Gladiator and all-new RAM heavy duty truck to help it meet full-year targets and make up for weaker sales and profits in the first quarter, the automaker said on Friday.
- Tesla Raises $2.35 Billion in Boosted Debt, Stock Offerings – Bloomberg: The electric-car maker raised $750 million of common stock priced at $243 per share and borrowed $1.6 billion through an offering of convertible …
- Can an electric Porsche win over loyalists? – Automotive News: Executives are adamant that the Taycan, the brand’s first full-electric vehicle and the vanguard of a broader push into EVs, will be as much a Porsche as everything that came before it.
- Norway’s wealth fund made record returns in Q1, looking at Uber IPO – Reuters:
- Fiat Chrysler profits fall as sales in key markets slow – FT: The company, which also owns Ram, Dodge, Alfa Romeo and Maserati, said the results were in line with its own expectations and maintained its …
- Ram drives Fiat Chrysler’s first-quarter profits, which drop 47% from a year ago – Freep: Ram pickups powered Fiat Chrysler Automobiles’ earnings in the first quarter of 2019, although the automaker saw those numbers drop compared …
- FCA Q1 profit falls 29% on weaker sales, revenue – Automotive News: Fiat Chrysler’s adjusted operating profit fell 29 percent in the first quarter as sales slowed in its North American profit center and in Europe.
- Fiat Chrysler confirms full-year targets even as weaker sales hit Q1 profits – Reuters: Fiat Chrysler (FCA) on Friday confirmed its targets for this year despite reporting a 29 percent fall in first-quarter operating profit as sales and margins weakened in its North American profit centre.
- Tesla raises size of share sale, Musk to buy more – Reuters: Tesla Inc on Friday raised the size of its planned share offering to 3.1 million shares, priced at $243 apiece, and said Chief Executive Officer Elon Musk would now buy stock worth up to $25 million, more than double his initial commitment.
- Tesla offering priced at $243 per share – Reuters: Tesla Inc said on Friday its offering of 3.1 million shares was priced at $243 per share and Chief Executive Officer Elon Musk will buy shares worth up to $25 million.
- Fiat Chrysler Profit Falls on Losses in China and Europe – Bloomberg: Fiat Chrysler Automobiles NV said profit fell 29 percent in the first three months of the year, missing the lowest analyst estimate, as losses in China and …
- Tesla boosts the size of its share offering and says Elon Musk will now buy $25 million in stock – CNBC: This is a developing story. Check back for updates. Electric car maker Tesla said in a filing Friday morning that it will boost the size of its share offering …
- RPT-Tesla seen finding ample appetite for its newest convertible bond – Reuters: Tesla Inc should find no shortage of demand for the $1.35 billion convertible bond the electric carmaker is selling even though the terms it is offering look inferior on paper to a similar deal two years ago, bond investors said Thursday.
- Uber’s IPO Disclosures Leave One Big Unanswered Question – Bloomberg: Uber’s IPO Disclosures Leave One Big Unanswered Question … In one week, anyone will be able to buy stock in Uber Technologies Inc. The run-up … But perhaps the most important remaining mystery-for the future of the company, … And we have a…
- DealBook Briefing: Tesla Is Raising Cash. It May Not Be Enough. – New York Times: The automaker will sell about $2 billion in stock and bonds to help fund its operations after a worse-than-expected first quarter.
- Exclusive: Tesla expects global shortage of electric vehicle battery mineral – Reuters: Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company’s global supply manager for battery metals told an industry conference on Thursday,…
- Citroen ends production of five-seat C4 Spacetourer – Autocar: Five-seat C4 Spacetourer production ended last month New C5 Aircross to fill five-seat MPV gap in French manufacturer”s line-up Citroën has ceased production of its five-seat C4 Spacetourer MPV, citing the enhanced practicality offered by the new C5…
- Jeff Bezos, world’s richest man, is about to get even richer – CBS News: When Uber goes public, it’s expected to be valued at more than $80 billion. Uber said it anticipates that the initial public offering will be priced between …
- Gordon Murray receives CBE for ‘services to motoring’ – Autocar: Gordon Murray, made a CBE in the 2019 New Year’s Honours list. Murray, designer of the McLaren F1 and some of the most decorated Formula 1 cars of all time, presented with honour by Prince Charles Gordon Murray, automotive designer and engineer, has…
- Uber faces lawsuit by Australian taxi drivers for ‘illegal operations’ – Reuters: * Size of claim to be determined in court or settlement (Updates Uber comment)
- S.Korea automakers’ group urges end to subsidies for Chinese EVs – Reuters: A South Korean automakers’ group called on Friday for an end to generous state subsidies for sales of Chinese electric vehicles (EVs), citing a potential threat to local automakers and Beijing’s “discrimination” against EVs equipped with Korean batteries.
- Uber’s London Taxi Rival Will Cost You Peanuts – Washington Post: Uber will almost certainly join its fellow ride-hailing company Lyft Inc. in securing a nosebleed market value, despite making heavy losses.
- Jaguar Land Rover CEO Speth outlines revival plan – Automotive News: Jaguar Land Rover’s current problems are weighing heavily on its Indian parent company. There is even speculation that Tata Motors is looking into strategic …
- Toyota launches second Silicon Valley investment fund – Nikkei:
- BASF Weathers Chemical-Market Dip From Car Industry – Bloomberg: BASF SE leaned on demand for catalysts used in refining and chemicals for construction products to prop up first-quarter earnings and weather a …
- Audi renews hydrogen powertrain development scheme – Autocar: Audi”s most recent fuel cell foray was the 2016 h-tron concept Firm ramps up fuel cell efforts with new prototype amid EV development concerns Audi is set to intensify its development of hydrogen fuel cell technology, according to a public…
- Lotus boss on rebuilding a British icon – Automotive News: Lotus has embarked on the next chapter of its storied history under Geely, which has ambitious plans for the legendary — but low volume — British …
- Ferrari, Aptiv lead Q1 auto stocks rebound – Automotive News: Ferrari was followed by Peugeot, up 16.6 percent on the back of a 7 percent increase in 2018 group sales to 3.88 million vehicles and a 40 percent …
- Tesla Meets Its Match in China – Bloomberg: Elon Musk is planning to roll out Tesla’s first “made in China” car by the end of this year, but according to Bloomberg Intelligence, by that time, the …
- Tesla ends ‘Spartan diet’ and seeks $2.3 billion to fund expansion – Reuters: Tesla Inc will raise up to $2.3 billion (1.7 billion pounds) in new capital, renouncing what Elon Musk called a “Spartan diet” and easing Wall Street concerns about the money-losing company’s ability to overcome a drop in sales and build new product…
- Musk makes $500B autonomy pitch to investors – Automotive News: Elon Musk described autonomous-driving technology as transformative to Tesla in a call aimed at ginning up interest in the EV maker`s debt and stock offering of about $2 billion, Bloomberg reported, citing two people who dialed in.
- MEMA urges passage of North American trade deal – Automotive News: The Motor and Equipment Manufacturers Association, a major U.S. auto parts industry group, threw its weight behind President Trump’s rewrite of the North American Free Trade Agreement, urging Congress to approve the new U.S.-Mexico-Canada Agreement…
- GM considers investing $1 billion in its Missouri plant, state officials say – Reuters: General Motors Co is considering a $1 billion investment at its Missouri assembly plant where it builds vans and trucks, state officials said on Thursday.
- Australian taxi drivers sue Uber over ‘illegal operations’ – Reuters: A law firm has filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, …
- We went inside Tesla’s Gigafactory. Here’s what it looked like – CNBC: The $4.5 billion factory, located outside Reno, Nevada, is where Tesla and Panasonic, its principal partner, produce battery packs for Tesla’s Model 3 …
- Uber hit with landmark class action suit in Australia – FT: More than 6,000 taxi drivers and hire car operators in Australia filed a class action lawsuit on Friday against Uber, alleging the ride share company …
- Uber sued by thousands of Australian taxi drivers in class action – CNBC: An Australian law firm has filed a class action against Uber on behalf of thousands of taxi and chartered drivers in Australia, accusing the world’s …
- $42 Billion Loss Not End of Road for Faltering India Car Stocks – Bloomberg: Little surprise then that Maruti Suzuki India Ltd., Hero MotoCorp Ltd. and Mahindra & Mahindra Ltd. — once a darling to investors — are
