- Uber CEO Dara Khosrowshahi says Elon Musk is wrong on robotaxi timing – CNBC: Uber CEO Dara Khosrowshahi says Elon Musk’s vision is right, but his timing is wrong on driverless transportation.
- Ford shares gain after Bank of America upgrades the stock to buy – CNBC: Ford shares rose Friday after Bank of America Merrill Lynch upgraded the equity to buy from neutral. The brokerage highlighted Ford’s favorable profit outlook, …
- Exclusive: India orders anti-trust probe of Google for alleged Android ab – Reuters: India’s antitrust watchdog has ordered an investigation into Alphabet Inc’s unit Google for allegedly abusing the dominant position of its popular Android mobile operating system to block rivals, two sources aware of the matter told Reuters.
- Is Mazda Planning to Bring Vision Coupe Concept – and New Engine Line – to Life? – Detroit Bureau: For such a small company, Mazda has had a history of coming up with lots of creative powertrain technology, from its original rotaries to the latest …
- To boost sedans, automakers use key feature from SUVs – Automotive News: The latest entrants to the all-wheel stable include the Mazda6, Nissan Altima and Toyota Prius. As sales of crossovers, SUVs and pickups grow, automakers are equipping more sedans with all-wheel drive.
- Thyssenkrupp open to partnerships in car parts, plant divisions – Reuters: Thyssenkrupp could seek partnerships for its car parts and plant engineering units if that is the best option to develop them, its chief executive said, adopting a similar approach taken by industrial conglomerate Siemens.
- Foxconn’s Gou retains board seat on proposed board – Reuters: Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company’s proposed board, a source with knowledge of the matter told Reuters on Friday, as he plans to run for Taiwan’s presidential election.
- Uber set to debut on NYSE, under pressure to avoid Lyft debacle – Reuters: Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.
- Foxconn’s Gou retains board seat in new proposed board – Reuters: Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company’s proposed board, a source told Reuters on Friday, as he plans to run for Taiwan’s presidential election.
- Uber set to go public valued at $82 billion in the year’s biggest IPO – Washington Post: Uber’s stock is set to start trading Friday morning in the year’s most hotly anticipated tech IPO, a key test of investor faith in the stability of Silicon Valley …
- To Save the Dying Sedan, Automakers Steal Key Feature From SUVs – Bloomberg: A handful of mass-market sedans have offered optional AWD, such as Fiat Chrysler Automobiles NV’s Dodge Charger and Ford Motor Co.
- Here’s what Wall Street thinks of the unfolding trade deal drama: ‘Potential for a bear market’ – CNBC: Some fear an all-out trade war, others are waiting for China to retaliate … “The worst-case scenario: an all-out trade war, with tariffs on the remaining … and an increased risk of auto tariffs that could push the global economy into … “The…
- Honda decides on name for its new European EV – Automotive News: The EV will debut in production form at the Frankfurt auto show in September after being … Honda began sales of the CR-V hybrid earlier this year.
- Former GM Europe chief Forster joins autonomous tech firm’s board – Automotive News: Former GM Europe chief Carl-Peter Forster joined the advisory board of Vayavision, an Israeli developer of AV technology that plans to expand in Europe.
- Former GM Europe chief Forster joins autonomous tech company Vayavision’s board – Automotive News:
- Volvo r&d chief defends ‘Big Brother’ steps to reach safety goal – Automotive News: Volvo’s decision to limit the top speed in its new models has sparked reaction that is 80 percent positive or neutral and 20 percent negative, says the automaker’s r&d chief.
- Essential California: Why Travis Kalanick won’t ring the bell at the Uber IPO – Latimes: Good morning, and welcome to the Essential California newsletter. It’s Friday, May 10, and I’m writing from Los Angeles. Come mid-morning, Travis …
- Boeing Sends 737 Max to Brand Rehab to Avoid Fate of Ford Pinto – Bloomberg: There’s the Chevrolet Corvair rollovers that launched Ralph Nader as a consumer advocate in the 1960s, gas-tank explosions that sank Ford Motor Co …
- Uber drivers want sympathy. Where was their sympathy for cabbies? – Latimes: To the editor: Well, well, Uber drivers went on strike Wednesday because of what they claim are unfair labor practices. Funny how Uber and Lyft …
- Proposed $1000 Illinois electric vehicle registration fee called unfair by EV owners and … – Chicago Tribune: A proposed hike in Illinois’ annual registration fee for electric vehicles, from $17.50 to $1,000, is being called unfair by current EV owners, and a sales …
- Lansing plays chicken while Michigan roads get worse – Freep: … Democratic governor who promised to rehabilitate Michigan’s roads and GOP lawmakers who want to prioritize auto insurance reform got a lot hotter …
- Skoda readies first plug-in hybrid with revised Superb – Automotive News: Skoda’s Superb will become the brand’s the first plug-in hybrid as part of a facelift for the midsize model. The Superb’s plug-in hybrid version is …
- Kia e-Niro – Autocar: Award-winning, in-demand crossover marks Kia”s true arrival into the EV market The reception of the second all-electric Kia to go on sale in the UK, the award-winning e-Niro crossover hatchback, has been somewhat different than that of the first. The…
- General Motors Stock Looks Like a Buy – and Not Just Because of Cruise – Barrons: The latest investment in General Motors ‘ Cruise division highlights the value of the company’s stock. Cruise got a new $1.15 billion investment from T. Rowe …
- SoftBank stands to haul in $5.6bn in unrealized gains from Uber IPO – Nikkei:
- Jaguar Land Rover owner denies deal to sell firm to PSA is close – Autocar: Jaguar Land Rover Fresh reports claim French PSA Group is closing on deal to buy luxury British carmaker The owners of Jaguar Land Rover have denied reports that they are close to finalising a deal to sell the car firm to the PSA Group. The Press…
- Audi sales slump puts pressure on new CEO to deliver turnaround – Automotive News: Audi’s global sales fell 13 percent in April adding urgency to a plan to reignite momentum due later this month from new CEO Bram Schot.
- SoftBank Group shares tumble as Uber prices IPO at lower end – Reuters: Shares in Japanese conglomerate SoftBank Group Corp tumbled 5.5% on Friday, a day after one of its biggest tech bets, Uber Technologies, priced its initial public offering at the low end of the targeted range.
- VW ID3 electric car exceeds expectations but trails Tesla – Automotive News: More than 10,000 people have paid 1,000 euros ($1,120) each to be the first to own a limited-edition version of Volkswagen’s ID3 electric …
- Japan’s Rakuten profit jumps fourfold on $1 bln Lyft stake gain – Reuters: Japanese e-commerce firm Rakuten Inc’s first-quarter operating profit jumped fourfold as it booked a $1 billion gain on its stake in U.S. ride-hailing company Lyft Inc.
- BYD NEV sales up 123 pct in Jan-April period – Xinhua | English.news.cn – Xinhuanet: BYD, China’s leading new energy vehicle (NEV) manufacturer, reported an annual 123.1-percent growth in NEV sales in the …
- Subaru earnings tumble by half on quality woes, incentives and sliding sales – Automotive News: Subaru’s profit fell 49 percent in the latest fiscal year amid falling wholesale volume, higher incentives and surging warranty outlays.
- Subaru earnings tumble on quality woes, incentives and sliding sales – Automotive News: Subaru’s profit fell 49 percent in the latest fiscal year amid falling wholesale volume, higher incentives and surging warranty outlays.
- RPT-Cashing out in Uber’s IPO: China, Russia and the Middle East – Reuters: In 2015, Uber Technologies Inc went on a fundraising spree in China, tapping venture capitalists and state-backed corporations for cash and connections to try and navigate the Chinese regulatory environment.
- China’s Car Slump Drags On as Consumers Wait for Incentives – Bloomberg: China’s car sales plunged for an 11th month, with little relief in sight for automakers as trade tensions, a slowing economy and consumption trends keep …
- Former Opel CEO Forster joins autonomous tech company Vayavision’s board – Automotive News: Carl-Peter Forster, a former Opel CEO and a BMW veteran, has joined the advisory board of Vayavision, an Israeli developer of autonomous vehicle technology …
- German Exports Rebounded in March to Cap First-Quarter Pickup – Bloomberg: … which the nation’s factories have been hit by slowing global demand and temporary shocks such as disruption to the car industry and low river levels …
- Subaru expects recovering sales to boost profit after dismal 12 months – Reuters: Japanese automaker Subaru Corp on Friday forecast profit to jump about a third this year on a projected recovery in vehicle sales, …
- Suzuki Motor sees limited annual profit growth on Japan tax rise, India uncertainty – Reuters: Suzuki Motor Corp on Friday forecast a 1.7% rise in profit for this year, anticipating limited growth due to an expected sales tax rise in Japan as well as …
- Suzuki Motor says Japan tax rise, India uncertainty to limit profit growth – Reuters: Suzuki Motor Corp on Friday forecast a 1.7% rise in profit this year, anticipating limited growth due to an expected sales tax rise in Japan as well as uncertainty …
- PSA may build Peugeot 308, Opel Astra in UK and Germany – Automotive News: PSA Group may build the Peugeot 308 in the UK and Germany alongside the Opel/Vauxhall Astra in a production shakeup for the two key …
- Suzuki Motor sees limited annual profit growth on rising Japan tax, India uncertainty – Reuters: Suzuki Motor Corp on Friday forecast a 1.7 percent rise in profit for this year, anticipating limited growth due to an expected rise in sales tax in Japan, and …
- Rakuten operating profit quadruples on Lyft stake gain – Reuters: Japan’s Rakuten Inc said on Friday first-quarter operating profit quadrupled as it booked gains on its stake in Lyft.
- Elon Musk pokes fun at Jeff Bezos’ new moon lander spacecraft with lewd tweet – CNBC: Bezos’ space company Blue Origin debuted a moon lander called “Blue Moon.” Musk tweeted a different name for the spacecraft.
- General Motors, Unifor Ink Deal for Oshawa Plant – Detroit Bureau: Workers at GM’s plant in Oshawa, Ontario, staged a sit-down strike after the … General Motors Canada and Unifor have announced a plan to convert …
- Cashing out in Uber’s IPO: China, Russia and the Middle East – Reuters: In 2015, Uber Technologies Inc went on a fundraising spree in China, tapping venture capitalists and state-backed corporations for cash and connections to try and navigate the Chinese regulatory environment.
- Dealerships still key to an evolving industry, says Seat boss – Autocar: Established manufacturers have a clear advantage over start-ups when it comes to getting customers into cars, according to Luca de Meo Dealerships will remain a core part of Seat”s sales network, as it gives the firm a “massive advantage” over…
- What happened to Honda? – Autocar:
- Ghosn’s ex-close aides escape indictment through plea bargain – Nikkei: Prosecutors have decided not to indict two former close aides to ousted Nissan Motor Co. Chairman Carlos Ghosn after they agreed …
- US escalates trade war amid negotiations, China says will hit back – Reuters: The United States escalated a tariff war … shipped from China before midnight were not subject to the new tax as long … in Chinese imports, after raising tariffs on $250 billion of Chinese goods. … Furniture, lighting products, auto parts, vacuum…
- What does property mogul Aby Rosen see in the Chrysler building? – FT: The buzz in New York real estate these days is about the new. WeWork, with its shared office space and youthful aesthetic, has emerged from nowhere to …
- 2 Nissan execs avoid prosecution under plea deal – Mainichi: The special investigative unit of the Tokyo District Public Prosecutors Office has decided not to charge two Nissan Motor Co. executives in c.
- Trump’s tariff hike on $200 billion of Chinese goods takes effect – Reuters: U.S. President Donald Trump’s tariff increase to 25 … Furniture, lighting products, auto parts, vacuum cleaners and building …
- Whitmer, GOP leaders at odds over auto insurance reforms – Detroitnews: Gretchen Whitmer and Republican legislative leaders are locked in a high-stakes battle over a push to reform Michigan’s no-fault auto insurance …
- World’s Fastest Bullet Train Starts High-Speed Tests – Bloomberg: Painted in metallic silver with green stripes, the 10-car bullet train begins test runs Friday between the cities of Aomori and Sendai at night.
- Subaru’s annual profit halves; earnings released early after snafu – Reuters: * Earnings released at 0125 GMT vs scheduled 0400 GMT (Adds further company context)
- US-China trade war: Beijing vows to retaliate as tariffs raised – Business live – Guardian: US-China trade war: Beijing vows to retaliate as tariffs raised – Business live … However the increase in trade taxes on $200bn of Chinese imports only …. from now on whether to implement auto tariffs on imported cars from the EU, …
- Your Uber has arrived, on Wall Street – Washington Post: Uber’s next stop is the stock market, where it hopes to pick up more investors willing to bet on a ride-hailing market brimming with …
- Subaru releases earnings early after snafu, last FY operating profit halves – Reuters: Subaru Corp released its earnings results hours ahead of schedule on Friday after the Japanese automaker inadvertently uploaded its financials on its website …
- Subaru releases earnings early after snafu, last FY op profit halves – Reuters: Subaru Corp released its earnings results hours ahead of schedule on Friday after the Japanese automaker inadvertently uploaded its financials on its website …
- Musk Courts Controversy With Tweets on Sex Video Filmed in Tesla – Bloomberg: Elon Musk, who’s had federal regulators scrutinizing his Twitter feed and Tesla Inc.’s Autopilot technology, invited fresh attention to both by making …
- How Much Is an Idea Worth? In Uber’s Case, $3.7 Billion – Bloomberg: Camp wanted to buy a fleet of black cars, and Kalanick helped convince him to furnish existing car services with the app. Kalanick helped recruit Ryan …
- Honda to debut new flexible platform in 2020 – Autocar:
- Billions in Dirty Cash Helped Fuel Vancouver’s Housing Boom – Bloomberg: a C$3.5 million Gulf Island estate acquired with funds allegedly embezzled from a $90 million loan fraud in India; a luxury car reseller “known to …
- Postmates Watching Uber’s Market Debut as It Prepares for Summer IPO – WSJ: Uber Technologies Inc.’s stock performance following its expected Wall Street debut Friday could have significance for a range of companies in …
