- Volkswagen ID 3: pre-orders for electric hatch reach 15,000 – Autocar: VW has received orders for more than half of limited-edition launch version of sub-£34,000 EV Volkswagen says it has received pre-orders for more than half of the launch edition versions of its ID 3 electric hatchback. Customers in 29 European…
- China`s Auto Market Will Be Hard to Jumpstart – WSJ: The world’s largest car market keeps skidding. Investors hoping that Beijing will push it back on track may need to wait a bit longer.
- Nissan abandons Ghosn’s US strategy after earnings plunge – Nikkei:
- Chinese EV start-up boss: new premium firms won’t survive – Autocar: WM Motor EX5 Freeman Shen, who runs ambitious Chinese newcomer WM Motor, says his firm won’t follow Tesla by aiming at premium market The boss of new Chinese EV firm WM Motor believes the challenge of establishing a brand means that premium start-up…
- More Toll Roads Ahead for Uber and Lyft – WSJ: Uber, for its part, has made no secret that its ambitions lie well beyond ride hailing. A big part of the company’s stated plans, as described in its recent …
- Nissan CEO expects profits to hit ‘rock bottom’ – Automotive News: Nissan CEO Hiroto Saikawa`s dour outlook came as Japan`s No. 2 automaker reported a 45 percent plunge in operating profit for its fiscal year ended March 31. Net income dropped 57 percent.
- First McLaren hybrid supercar prototypes hit the road – Autocar: McLaren is now road testing its first petrol-electric powertrain since the P1, set to be launched next year McLaren is due to launch its first hybrid powertrain in a non-Ultimate Series model next year, and development prototypes have been spotted….
- Car Snobs Once Mocked This ’90s Wagon. Now They Love It – Bloomberg: They were the reimagined versions of the angular “estate” cars (precursors to … When GM first debuted the car in 1991, it sold only 7,300 Roadmaster …
- Uber Has Poisoned an IPO Market That Was Sick Anyway – WSJ: The obvious difference between the 1999-2000 boom and the current wave of technology IPOs is how badly this year’s high-profile debuts, Uber and …
- VW Shares Gain as Truck IPO Plan Stages a Surprise Comeback – Bloomberg: VW Shares Gain as Truck IPO Plan Stages a Surprise Comeback … to IPO now,” Volkswagen trucks head Andreas Renschler said in an interview with … while moving forward with a program to manufacture batteries for electric cars.
- Nissan Struggles to Get Profit Back on Track After Ghosn Arrest – Bloomberg: … the dramatic arrest of Carlos Ghosn, the former chairman and architect of the global alliance between Nissan, Renault and Mitsubishi Motors Corp.
- Hyundai and Rimac team up to develop electric performance cars – Autocar: Rimac Hyundai and Kia invest £60 million in Croatian firm as part of a collaboration on electric and fuel cell machines The Hyundai Motor Group has invested €80 million (£60m) in Croatian electric hypercar firm Rimac, as part of a new technical…
- PSA says Germany, UK not in running for Peugeot 308 production – Automotive News: It will share a platform with the Opel/Vauxhall Astra, which will move to PSA architecture from one developed under Opel’s former owner, General …
- Uber and Lyft Get Creative With Numbers, but Investors Aren’t Blind to the Losses – WSJ: Uber, with a $3.7 billion loss in the 12 months through March, priced its shares at the low end of expectations and its stock has fallen about 18% from …
- Welcome to Volkswagen, Where Nothing Makes Sense – Bloomberg: The company’s screeching U-turn on its trucks unit IPO is mightily embarrassing, but it’s still the right thing to do.
- Hyundai Tucson N Line: pricing revealed for sportier SUV – Autocar: Hyundai’s Seat Ateca rival gains a performance-honed chassis and racy styling details, and is priced from £25,995 Hyundai has announced pricing and spec details for the new Tucson N Line, a performance-inspired trim line that previews a possible hot N…
- Mideast Ride-Hailing App Bought by Uber Starts Saudi Bus Service – Bloomberg: Careem Networks FZ, the Dubai-based company recently acquired by Uber Technologies Inc. for $3.1 billion, started a bus service in Saudi Arabia as …
- Nissan flags weakest profit in 11 years as Ghosn woes weigh – Reuters: Nissan Motor Co forecast a 28% drop in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn.
- IBM, VW launch partnership to use cloud to streamline financial processes – Automotive News: … and engine factories including VW Group’s Zwickau electric-car factory that will build the VW ID3 and other compact EVs for Audi, Skoda and Seat.
- Nissan Reports Full-Year Results for Fiscal Year 2018 – Nissan-global: Nissan Motor Co., Ltd. today announced financial results for the 12-month period ending March 31, 2019.The company faced an unfavorable global business climate, and incurred short-term costs due to its initiatives to improve quality of sales in the…
- Aston Martin Reveals the Spy Gadgets in Its $3.5 Million Bond Tribute – Bloomberg: … hyped-up 10-year-old: “simulated” twin machine guns planted on the front of the car. … Only 25 of the special-edition continuation cars will be made.
- Volkswagen will use Traton proceeds to internationalize truck business: CEO – Reuters: Volkswagen will use proceeds of an initial public offering of its Traton trucks unit to invest in the “internationalization” of the division, Chief Executive Officer …
- VW says ‘concrete’ talks will begin for new European plant – Automotive News: The move is being driven by a capacity squeeze at VW Group’s Skoda brand. The plant is expected to make the Skoda Karoq and Seat Ateca compact …
- South Korea banks on Vietnam ‘blood alliance’ after China chill – Nikkei:
- Carlos Ghosn Got $20 Million From a Saudi Friend, Prosecutors Say – WSJ: Prosecutors at the time also said Mr. Ghosn arranged for Nissan to pay Mr. … According to prosecutors and Mr. Ghosn, Nissan temporarily took Mr.
- U.S. faces hurdles in push to build electric vehicle supply chain – Reuters: The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country’s metal reserves largely unknown and only a few facilities to process minerals and produce…
- Tesla car catches fire in Hong Kong parking lot – media – Reuters: A Tesla Inc electric car caught fire in a parking lot in a Hong Kong shopping mall, the Apple Daily newspaper said on Tuesday, but no one was injured in the …
- Volkswagen plans summer IPO of its Traton truck unit – Reuters: Volkswagen AG said on Monday it plans an initial public offering of its Traton trucks unit before the 2019 summer break and will invest nearly 1 billion euros ($1.12 billion) in an electric vehicle battery cell plant in Europe.
- Volkswagen to make batteries in Germany, slim down – Reuters: Volkswagen will invest almost 1 billion euros ($1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by spinning off or selling units, the automaker said on Monday.
- BP’s Investors Unite Over Fears It’s ‘Falling Behind’ on Climate – Bloomberg: It has also bought stakes in solar and other renewable energy companies and it purchased an electric car-charging company last year. Duguid said …
- Nissan Considers Buying Stake in Chinese Electric Carmaker – Bloomberg: Nissan Motor Co. is looking to invest in a Chinese electric-car startup, according to people familiar with the matter, to provide it with a greater footprint …
- Tokyo prosecutors detail Ghosn’s alleged cash transfer in revised indictment: Kyodo – Reuters: Tokyo prosecutors on Tuesday filed a request to revise the content of its indictment of Carlos Ghosn for aggravated breach of trust, providing further details on alleged cash transfers they say the former Nissan Motor Co Ltd boss made to a Saudi…
- SoftBank Slump Reaches $16 Billion as Ride-Hailing Luster Dims – Bloomberg: In the months leading up to Uber Technologies Inc.’s market debut, Masayoshi Son made a habit of pointing out that SoftBank Group Corp. is the …
- Emmanuel Macron Gets It All Wrong Over Nissan – Bloomberg: It’s hard to fathom why France is still seeking a Renault merger, even after the idea helped bring down Carlos Ghosn. Why not defuse tensions instead?
- Enterprise’s Plan to Prosper in the Age of Uber – WSJ: Chrissy Taylor grew up in the rental-car business-the granddaughter of the founder of Enterprise Holdings Inc., and the daughter of the company’s …
- Tesla Suddenly Catches Fire in Hong Kong Parking Lot, Times Says – Bloomberg: A Tesla Inc. electric vehicle suddenly caught fire while in a Hong Kong parking lot, the Hong Kong Economic Times said, less than a month after a similar case …
- Citroen reveals centennial celebration concept – Autocar: