- Tesla to raise $2 billion from share, debt issues – Reuters: Tesla Inc said on Thursday it had filed with regulators to launch around $2 billion in fundraising through issues of new shares and debt, with Chief Executive Officer Elon Musk pitching in $10 million of his own money to buy shares.
- Toyota targets another $100 million for AI, mobility startups – Automotive News: The venture-capital arm of Toyota Research Institute said it will open a second $100 million fund dedicated to pursuing investments in early-stage startups in the artificial intelligence and mobility industries.
- Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales – Reuters: IndiaSales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit …
- Maruti suffers worst sales drop in 7 years in April as India car demand cools – Nikkei: Maruti Suzuki India, the nation’s largest car maker, posted its worst drop in monthly sales in more than seven years in April, …
- Tesla Plans to Raise $2 Billion From Stock, Bond Offerings – Bloomberg: Tesla Inc. is seeking to raise about $2 billion through offerings of debt and common stock, one week after Elon Musk said there was merit to the cash-strapped …
- China can now rival the US with new innovations in tech, VW finance chief says – CNBC: When asked about new innovations such as self-driving cars and 5G … Looking at the bigger picture, when it comes to autonomous driving a range of …
- Opinion: How important is a car’s nationality? – Autocar: Brum brum: Defender production is leaving the Midlands The new Land Rover Defender will be built in Slovakia but can still be seen as a British icon It”s official: the new Land Rover Defender will be built in Slovakia, and not Solihull. That won”t…
- Tesla files for offering to raise capital – Reuters: Tesla Inc filed for a mixed shelf offering for an undisclosed amount on Thursday, a week after Chief Executive Officer Elon Musk suggested a capital raise could …
- Tesla critic fights company lawsuit, denies he menaced workers – Automotive News: known on Twitter as “Skabooshka” — said none of the allegations the company made to get a judge to order him to stay away from its factory and employees are true.
- BRIEF-SAG GEST Receives Takeover Bid From Shareholder, To Sell Automotive Biz To Porsche – Reuters: REACHES AGREEMENT WITH PORSCHE HOLDING (PHS) TO SELL SAG’S AUTOMOTIVE BUSINESS, CURRENTLY OPERATED BY SOCIEDADE …
- BMW for the People! German SPD Politician Urges Collectivization – Bloomberg: A leading German Social Democrat took a page straight out of Karl Marx’s playbook, calling for the people to take control of large companies in the battle against …
- Franco-German battery alliance ‘strategically important’ – Le Maire – Reuters: France and Germany have agreed to invest and work together on the development and production of European batteries in part to remain competitive against …
- Europe must follow the money with new battery strategy – German minister – Reuters: Electric cars will completely upturn the car industry’s value chain, and Europe must ensure that it acquires expertise in …
- Ford rolls out rewards, moves to boost ‘customer experience’ – Detroitnews: Ford Motor Co. looks to retain customers through new programs announced Thursday.
- Ford Dangles Rewards Program to Lure Customers Back to Dealers – Bloomberg: Ford Motor Co. is launching a airline-type loyalty program aimed at improving customer satisfaction and luring buyers back to the dealership to have their …
- Ford plans several initiatives to boost customer experience – Automotive News: Ford studied Delta, Mariott, Apple and others in hopes of moving its customer experience from middle-of-the-pack to best-in-class.
- Tesla`s Big Solar Idea Won`t Upend the Industry. Here`s Why. – Barrons: Tesla’s latest move to lower solar panel costs is shaking up the industry, hitting stocks like Sunrun and Vivint Solar. But analysts questioned whether an online …
- BUZZ-Fiat Chrysler shares drop on worries about U.S. car market, ahead of results – Reuters: Shares in Fiat Chrysler Automobiles drop 1.5 pct on concerns about further slowdown in the U.S. car market and ahead of its first quarter results, due on Friday.
- Britain should strengthen climate goal to net zero emissions by 2050 – advisers – Reuters: Britain should commit to a net zero greenhouse gas emissions target by 2050, government climate advisers said, a goal that could require phasing out new petrol and diesel cars by at least 2035 and a 20 percent cut in beef and lamb consumption.
- Investor group demands changes to Uber’s board ahead of IPO – CNBC: Investor group CtW called for the removal of John Thain from Uber’s board and said the board’s composition “falls short of best practices.”
- Elon Musk may buy $10 million of Tesla stock in new offering – CNBC: 2019 CNBC LLC. All Rights Reserved. A Division of NBCUniversal. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and …
- German carmaker VW first-quarter profit fall beats forecasts – FT: Volkswagen profits fell 7.5 per cent to €3.1bn in the first quarter, but beat analysts’ estimates, as the German carmaker set aside more cash for legal risks while …
- Volkswagen Is ‘Tremendously Undervalued’ as a Company, Says CFO – Bloomberg: Frank Witter, chief financial officer at Volkswagen, discusses the importance of China to his business, how a U.S.-China trade agreement would impact the …
- Volkswagen Earnings Dented by Diesel Woes, China – WSJ: Volkswagen reported a nearly 10% drop in profit in the first quarter, hit by slowing growth in China and *fresh* charges from its diesel emissions-cheating scandal.
- Government advisors call for 2030 petrol and diesel ban – Autocar: Committee on Climate Change says bringing EV-only law forward could help Britain to become nearly carbon-neutral by 2050 Laws requiring all new vehicles sold in the UK to be zero emission should be brought forward from 2040 to as early as 2030,…
- Tesla Has a Lucrative-but Fleeting-Window in Europe – Fortune: A study by Brussels-based NGO Transport & Environment last year argued that FCA-which sells fewer smaller-engine Fiats and more gas-guzzling …
- GM Ponders $1B Investment in Missouri Plant – Detroit Bureau: General Motors is apparently preparing for a major investment at its big … GM officials are expected to meet with Missouri Governor Mike Parson to …
- Andritz warns on profit as weak car industry demand persists – Reuters: Engineering company Andritz on Thursday cut its full-year profit forecast, partly in response to weak car industry demand …
- VW shrugs off 1 bln euro legal hit with higher SUV sales in Q1 – Reuters: … * EBIT falls to 3.9 bln euros from 4.1 bln. * Passenger car sales down 3 percent. * Guides toward lower end of car business margin range. * Sets aside 1 bln for …
- Falcon flights – Reuters: Elon Musk’s SpaceX is scheduled on Friday to launch its first resupply mission to the International Space Station this year after a series of delays.
- Volkswagen softens outlook as first-quarter profit falls, legal woes weigh – Reuters: Volkswagen set aside 1 billion euros ($1.12 billion) for legal issues as it posted a drop in first-quarter operating profit and warned that the profit margin for its …
- Falling Sales of Porsche and Audi Hurt VW Profit – Bloomberg: Volkswagen AG’s first-quarter profit fell 7.1 percent led by declines at the key Porsche and Audi brands while costs to develop a range of new electric and …
- European shares lower after comments from Fed’s Powell; VW up 2.5% – CNBC: European stocks followed their U.S. counterparts lower on Thursday morning after the Federal Reserve chairman hinted that lower rates may not be in the cards.
- What Uber Left Behind in Asia – Washington Post: Go-Jek Indonesia PT and GrabTaxi Holdings Pte, which started out as copycats of the U.S. ride-hailing pioneer, have morphed into something far …
- Renault counts on LCVs, EVs to meet China sales goals – Automotive News: Renault counts on LCVs, EVs to meet China sales goals … Renault Group is relying on light-commercial vehicles and electric cars to meet … Renault has set a goal of selling 550,000 vehicles in China, the world’s largest … under five different…
- Daimler shifts Smart boss Adt to new roll – Automotive News: Starting in 2022, the brand’s next-generation models will be built exclusively in China for global markets as part of the JV with Geely, which is …
- Volvo seeks new suppliers, fresh ideas to make greener cars – Automotive News: Volvo is looking for out-of-the-box-thinking suppliers to help it achieve an ambitious sustainability goal. By 2025 the Swedish automaker wants at least …
- German automakers differ on strategies as China relaxes joint-venture laws – Automotive News: Large state-owned enterprises SAIC Motor and FAW Group have multiple joint ventures with foreign automakers. That makes them much stronger and …
- Aston Martin debuts go-fast manual Vantage AMR – Autocar: Aston Martin has taken the wraps off the Vantage AMR, the lighter, … Aston has also included its AMSHIFT system, which blips the throttle on …
- Tesla Skeptic Says Allegations of Menacing Workers Aren’t True – Bloomberg: A California man who Tesla Inc. accused of spying on its lone auto plant and harassing employees said the electric automaker painted a “lurid picture” of him to …
- Uber, Beyond Meat rely on controversial clause to steer potential suits over IPOs – Reuters: Two of the most hotly anticipated IPOs of the year are expected to take place later this month, when the ride-hailing company Uber and the …
