- Shares of Mercedes-maker Daimler fall as rumors fly of a Chinese stake build-up – CNBC: The fall comes amid a wider sell-off in European markets.
- Daimler’s CEO designate will push alliances to cut costs – Reuters: Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, Ola Kaellenius, the future chief executive, said on Monday.
- Radical Citroen 19_19 concept envisions autonomous long-distance travel – Autocar: Comfort-focused autonomous EV celebrates 100 years of the French brand Citroen has marked its 100th anniversary with the 19_19 concept, a vision for the future of intercity travel with a focus on extreme comfort. Named to mark a century since the…
- Bosch likely to slash platinum in new fuel cells – Automotive News: … to play only a minor role in its new fuel cells, with the supplier only needing a tenth of the metal used in current fuel cell vehicles, Reuters estimates.
- Renault diesel allegations upheld by court study: report – Reuters: A French probe into alleged emissions cheating by Renault is a step closer to possible court action, Le Monde reported on Monday, after a technical report confirmed that some of its diesel engines were configured to emit more pollutants outside…
- Exclusive: Scania signs Northvolt battery deal, in talks on equity – Reuters: Volkswagen truck brand Scania has signed a battery supply deal with Sweden’s Northvolt and is in talks about making an equity investment as part of the …
- Ford is on the ‘road to nowhere,’ Piper Jaffray technician says – CNBC: Ford is having its best year in nearly a decade, but not all of Wall Street is sold on the stock’s turnaround.
- The Rise of the Uberlings – Bloomberg: Alumni of the ride-hailing giant have been more likely to go it alone than … Ilya Abyzov, the onetime manager of Uber’s ride-hailing business in its …
- Russia’s April car sales down 2.7% y/y – AEB – Reuters: Sales of new cars in Russia fell 2.7% year on year in April to 148,296 units, the Association of European Businesses …
- States Start Hitting America’s Electric Drivers With Higher Fees – Bloomberg: Both Tesla and General Motors Co., maker of the Bolt, have already passed that milestone. If EV sales grow as expected in the U.S., it could take a …
- Germany’s First ‘Electric’ Highway Charges Trucks as They Drive – Bloomberg: Read: China’s Built a Road So Smart It Will Be Able to Charge Your Car. Siemens’s mobility division, which makes trains and signalling equipment, …
- Uber Is a Market Bellwether for All the Wrong Reasons – Bloomberg: The point when investors start demanding profits from money-losing tech companies would mark the end of low inflation. By. Jared Dillian. May 13 …
- Uber shares set to fall anew after rocky debut – FT: Uber shares were set to fall for a second day in New York, as the ride-hailing app’s trading debut continued to disappoint. The stock fell nearly 2.5 per …
- Lotus will hire 200 engineers in expansion, paper says – Automotive News: Lotus is hiring 200 additional engineers as it looks to accelerate a turnaround plan funded by China’s Geely, the Sunday Telegraph reported.
- VW Braces for Investor Pressure on Diesel Clean-Up Concerns – Bloomberg: When Volkswagen AG’s Porsche brand agreed last week to pay $600 million to end a probe into rigged diesel engines, it highlighted the German auto …
- Ghosn did not receive money via Oman, lawyer says – Automotive News: Former Nissan Chairman Carlos Ghosn did not receive any money sent by the automaker through Oman to his personal accounts, his lawyer said.
- Renault’s Anti-Pollution Systems Found to Be Faulty, Monde Says – Bloomberg: Renault SA shares dropped on a report that anti-pollution devices on two of the French carmaker’s diesel models failed to work under a range of common driving …
- Nissan said to push back Renault’s renewed efforts to merge – Automotive News: Nissan is opposing renewed efforts by alliance partner Renault to merge under a holding company because such a structure will not help …
- Mountune launches new brand for VW Group car upgrades – Autocar:
- DealBook Briefing: Uber Bombed. Now What? – New York Times: Today is a big test for Uber: Can it overcome tumbling 7.6 percent from its I.P.O. price on Friday to do better during its second day on the public stock …
- Electric Vehicles Are Better for Wall Street Than Detroit – WSJ: Tesla’s troubles show how hard it is to make money from electric vehicles. As the world’s top auto makers ramp up EV sales over the coming years, …
- Uber Shares Decline for Second Day in US Pre-Market – Bloomberg: The ride-hailing giant dropped 2.1% to $40.70 at 5:15 a.m. New York time in trading before U.S. exchanges opened. The San Francisco-based …
- Brother, Tesla Can’t Spare a Dime – WSJ: Elon Musk’s electric-vehicle pioneer is running out of cash and out of time, even … Investors shouldn’t expect much mileage out of Tesla’s latest capital …
- Germany liaising with EU on US car tariffs, won’t speculate on US timing – ministry – Reuters: Germany is liaising closely with the European Union on a U.S. threat to impose higher car tariffs, the Economy Ministry said on …
- Opening Quote: In a long list of problems for Centrica – climate change is the biggest – FT: The finger-pointing has begun after the ride-hailing service had one of the worst debuts for any big US listing. A number of candidates for blame have …
- New Vauxhall Grandland X Hybrid4 is brand’s first PHEV – Autocar: Vauxhall Grandland X Hybrid4 PSA Group’s 296bhp all-wheel-drive petrol-electric system added to SUV’s powertrain line-up Vauxhall has revealed its first plug-in hybrid model, the Grandland X Hybrid4, which will feature a 296bhp petrol-electric…
- EU trade chief sees possible extension to May 18 deadline for US car tariffs: newspaper – Reuters: European Trade Commissioner Cecilia Malmstroem expects U.S. President Donald Trump to delay a May 18 deadline for …
- Volvo’s Polestar brand intensifies Tesla challenge with ‘powerful little beast’ – Automotive News: Ingenlath explained why China and Norway will be the Polestar 2’s top markets and outlined the role he will play in the Volvo subsidiary’s bid to attract …
- EXCLUSIVE-Bosch goes for platinum-light fuel cells – CNBC: New Toyota Mirai to cut platinum by two thirds-consultant … The best selling fuel cell vehicle, Toyota’s Mirai, is expected to cut platinum by two-thirds to …
- S.Korea’s export falls 6.4 pct in 1st 10 days of May – Xinhuanet: Export, which accounts for about half of the export-driven economy, … Chip export tumbled 31.8 percent in the cited period, with those for auto parts …
- Fiat Chrysler recruits outsiders as Manley reshuffles – Automotive News: Since succeeding Marchionne as CEO last summer, Mike Manley has largely untangled FCA’s organizational chart, delegated critical duties and given …
- Japan auto group chief says outlook bleak amid US-China spat – Mainichi: “It is true that protectionist ideas are spreading,” Akio Toyoda, chairman of the Japan Automobile Manufacturers Association, told a press conference in …
- SoftBank shares come under pressure after Uber’s rough first day of trading – CNBC: “SoftBank is long ride hailing through the Vision Fund and the performance of both Uber and Lyft since listing may have lowered investors’ …
- PLATINUM WEEK-Platinum surplus for 2019 slashed after jump in investment – Reuters: While appetite for platinum had soured since Volkswagen’s “dieselgate” scandal in 2015, the proportion of diesel cars in the key West European auto …
- Questions loom for Nissan with former chairman Ghosn gone – Washington Post: Nissan Motor Co. says it is beefing up corporate governance and sticking with … Renault SA and smaller Japanese automaker Mitsubishi Motors Corp.
- BMW vetoes badge engineering and future ute – Autocar: BMW has gone on the record as saying that it won’t dip its toes into the pick-up truck market. Additionally, badge-engineering will never be an option …
- Why Honda is simplifying trim choices – Automotive News: Click Honda’s online configurator for the Civic and you will enter a rabbit hole of options. For the sedan alone, there are DX, LX, EX, Sport …
- Robotaxi revolution has one significant flaw: Cost – Automotive News: The hefty figure is hardly surprising, given most of the company’s revenue cash … Driverless car developers know this, too. … However, rather than sitting inside the car, these “teleoperators” are located in a command center far away.
- How Tesla plans to cut customers’ insurance costs: Tap into Autopilot – Automotive News: The automaker would have a better determination of how safe drivers are … The automaker intends to eventually offer self-driving vehicles, although …
- China”s car slump drags on as consumers wait for incentives – Detroitnews: Shoppers stay away from auto showrooms ahead of potential government incentives aimed at reviving the market
- To save the dying sedan, automakers steal key feature from SUVs – Detroitnews: Carmakers are equipping more of their sedans with all-wheel drive
- China’s robocars being lapped by their U.S. competitors – Detroitnews: The notoriously congested streets of the world”s biggest auto market are a challenge for self-driving cars
- No room at U.S. plant for Mercedes to make C class – Automotive News: Rising demand for its SUVs is presenting Mercedes with a question: What to do with that big-selling sedan that it makes in Alabama?
- Time to simplify trim choices, Honda says – Automotive News: CEO Takahiro Hachigo says it is time for Honda to simplify. The effort is designed to free resources for next-generation technologies as it confronts slipping earnings and an industry in upheaval.
- Toyota HQ doubts N.A. can hit profit goal – Automotive News: The automaker is struggling to reignite its U.S. earnings engine, where its operating margin is running far below the 8 percent it’s looking for.
- Ford Credit launches pilot programs to personalize lease-end experience – Automotive News: Ford Credit last month started pilot programs that provide personal lease assistants and personalized online vehicle offers to improve the lease-end experience …
- Land Rover Range Rover gets its first inline six-cylinder engine – Automotive News: Jaguar Land Rover’s most technically advanced engine yet, a 3.0-liter inline-six with an electric supercharger and a 48-volt mild-hybrid system, makes its debut …
- Zotye USA boss: Chinese brand is coming, ‘tariff or not’ – Automotive News: Longtime industry executive Duke Hale is preparing to sell Chinese-made vehicles in the U.S. amid an ongoing trade spat. Hale says Zotye USA’s …
- HORIZON WATCH – Automotive News: Toyota Motor North America’s March announcement of $749 million in U.S. plant investments will include one far-flung infusion of capital that received …
- Dealer anniversaries – Automotive News: Don Groppetti, right, dealer principal of Nissan of Visalia in California, receives a 25-year award from Joe Jenio, Nissan North America area general …
- Nissan’s parable of shoddy governance – FT: At a fraught press conference that evening, Hiroto Saikawa, Mr Ghosn’s … Nissan’s determination to interpret the Ghosn crisis as one of governance was … of scrutiny of the stewardship role played – or not – by Renault is glaring.
- Shut up and get lost: advice for outgoing chief executives – FT: Mr Kalanick is still on the ride-hailing company’s board. He has to watch as the new boss changes the team he built, overhauls the culture he created, …
- Morgan Stanley Got Rich Clients Into Uber. Then the IPO Stumbled – Bloomberg: Morgan Stanley investment bankers stand to reap millions of dollars in fees for leading Uber Technologies Inc.’s initial public offering last week.
- Fanuc to build new plant to harness 5G and self-driving demand – Nikkei: Car-mounted cameras are set to spread as part of autonomous driving systems, while 5G mobile networks will allow users to send high-quality videos …
- Ford will add volts to Bronco – Autocar:
- SoftBank’s Market Value Slides $9 Billion as Uber IPO Flops – Bloomberg: On Thursday, as his company booked a $3.8 billion gain from its stake in Uber Technologies Inc., Masayoshi Son told SoftBank Group Corp. investors …
- UN modernizes guidance for greenhouse emission estimates – Reuters: A United Nations climate change panel updated on Monday guidelines for governments to estimate greenhouse gas emissions so the most …
