- Volvo Cars Battles Parts Scarcity in Electrification Push – Bloomberg: About 10% of Volvo’s vehicle sales are made up of hybrids, likely the highest in the industry, according to the CEO. In 2017, the Zhejiang Geely …
- New McLaren GT is firm’s most practical, refined model yet – Autocar: McLaren’s new Grand Touring model sits outside of Sports, Super and Ultimate series, with luxury and comfort the focus The new McLaren GT, revealed for the first time and on sale now, will “redefine the rules of Grand Touring”, according to the firm….
- McLaren adds a grand tourer with the GT – Automotive News: The supercar brand is entering a new segment with its latest $210,000 model. The GT is McLaren’s answer to ultraluxury and exotic supercars meant for long distances.
- Volvo picks CATL, LG Chem to supply EV batteries – Automotive News: Volvo has signed agreements with CATL and LG Chem for the supply of lithium ion batteries. The deal is crucial to helping Volvo reach its goal of having EVs account for half of its global sales by 2025.
- French grid operator able to handle sharp electric vehicle rise – CNBC: France’s electricity grid will be able to cope with a sharp increase in demand from electric vehicles by 2035, its operator …
- Ineos considering fuel cell version of Projekt Grenadier 4×4 – Autocar: Autocar’s vision of what the Projekt Grenadier 4×4 will look like An engineering study will begin shortly to explore the feasibility of a hydrogen-powered variant of the Defender-inspired 4×4 The Projekt Grenadier 4×4, the heavy-duty off-roader by…
- Rpt-Livent aims to boost lithium sales to EV sector by 2020 – Reuters: Livent Corp aims to derive more than half of its lithium sales from the electric vehicle industry by next year, a shift for a company that historically has supplied the white metal for use in greases and other industrial products, its chief executive…
- VW adds electric-car plants in China that will overtake Tesla – Automotive News: Volkswagen is building two plants in China to produce 600,000 vehicles on its MEB battery-car platform in a level of scale that will likely leave Tesla trailing behind.
- Hyundai, Kia buy stake in electric supercar company Rimac – Automotive News: Hyundai and sister company Kia have bought a stake in the Croatian electric supercar maker Rimac, whose EV technology has already attracted investment from Porsche.
- Jaguar Land Rover boss plays down PSA sale report – but doesn’t deny it – Autocar: Jaguar Land Rover Fresh reports claim French PSA Group is closing on deal to buy luxury British carmaker Jaguar Land Rover boss Ralf Speth has played down reports the firm could be sold to the PSA Group – but not refuted them outright. Quizzed on…
- A self-driving shuttle bus is on the move at Brussels Airport – CNBC: A self-driving shuttle bus has started making trips at Brussels Airport. … of testing for an autonomous and driverless bus at Haneda Airport in Tokyo.
- Can you own an electric car without a home charger? – Washington Post: Edmunds tests how practical it is to own an electric vehicle without a home charger.
- FCA’s Jeep assembly plant is coming to Detroit – but city may have paid too much – Freep: Some experts are asking whether Detroit has overpaid for the planned new Jeep assembly plant being planned for the east side.
- Ghosn’s image-boosting campaign undermined Versailles party video – Automotive News: A YouTube video of a lavish party given by Carlos Ghosn at Versailles on his 60th birthday paid for by Renault-Nissan has undercut his efforts to improve his public image.
- US and China superpower race to lead the future of technology comes down to $6 billion – CNBC: Social commerce start-up Pinduoduo that raised $1.7 billion and electric car maker Nio that pulled in $1.2 billion. The number of Chinese companies …
- US consumers start to pay price of trade war with China – FT: US consumers start to pay price of trade war with China … “The tariffs are a stealth tax on American businesses and consumers,” said Mark Zandi, … If the White House also goes on to impose tariffs on auto imports, the peak boost to …
- How Volvo picked its EV battery suppliers – Automotive News: Volvo started with 10 potential suppliers for its long-term EV battery needs and over that last year reduced the number to two, CATL and LG Chem, that …
- Renault Shares Slump on Poor Prospects for Partner Nissan – Bloomberg: Renault SA has long relied on Japanese partner Nissan Motor Co. to prop up its earnings. That pillar is now crumbling.
- Aston Martin AM-RB 003: £1m hypercar ‘oversubscribed’ – Autocar: British firm reports heavy demand for 2021 McLaren P1 rival, increased sales in first quarter of 2019 Aston Martin says that its £1 million AM-RB 003 hypercar, unveiled at the Geneva motor show earlier this year, is already over-subscribed. The firm…
- Hyundai, Kia invest $90M in electric supercar company Rimac – Automotive News: Hyundai and sister company Kia have jointly invested 80 million euros ($90 million) in the Croatian electric supercar maker Rimac Automobili.
- Volvo Cars signs ‘multi-billion dollar’ supply deals with Asian battery firms – CNBC: A major player in the automotive sector, Volvo Cars was bought by China’s Zhejiang Geely Holding in 2010. The business sold 642,253 cars last year.
- Trump’s Other Trade War – Bloomberg: The U.S. has threatened to impose new tariffs on cars imported from the … Likewise, disputes over auto tariffs are hard to bridge under present …
- Volkswagen doubles forecast for EV battery cell demand – Automotive News: The factory will be located in Salzgitter in VW’s home state of Lower Saxony close to its future electric vehicle manufacturing plants Zwickau, Hanover …
- German auto sector could drop as much as 12% if Trump announces tariffs, analyst says – CNBC: Germany’s automotive sector could fall as much as 12% over “three bad … The EU is the largest exporter of motor vehicles in the world, whereas the …
- Aston Martin reports tighter margins as revenues rise – FT: Luxury carmaker posts a quarterly loss while sales of higher-priced ‘specials’ drop.
- Renault shares fall after Nissan’s bleak outlook – Reuters: Renault’s shares fell sharply on Wednesday, in the wake of a slump in the stock price of its Japanese partner Nissan after Nissan …
- Nikkei snaps 7-day losing streak helped by China’s stimulus hopes – Reuters: * Mitsubishi Estate jumps on share buyback, governance reform
- Uber’s IPO flop bodes ill for Grab and Go-Jek – Nikkei:
- Driverless electric truck starts deliveries on Swedish public road – Reuters: Resembling the helmet of a Star Wars … Ground zero for autonomous vehicles is the United States.
- Maserati will use BMW self-driving technology – Automotive News: Maserati will be the first of Fiat Chrysler Automobiles’ brands to use self-driving technology being developed with BMW, FCA chairman John Elkann …
- Aston Martin quarterly revenue beats, higher costs hit profit – Reuters: (Adds details on results, background). May 15 (Reuters) – Luxury carmaker Aston Martin posted better-than-expected first-quarter revenue on Wednesday as it …
- Aston Martin`s Profit Slides on Sales Slump and Rising Investment – Bloomberg: Aston Martin Lagonda reported lower first-quarter earnings as the luxury automaker boosted spending on new models and sales in the U.K. and mainland …
- S. Korea posts trade surplus for 87 months through April – Xinhuanet: During the January-April period, export shrank 6.9 percent to 181.5 billion U.S. dollars … Export for oil products and auto parts reduced last month.
- Trump’s threat of auto tariffs on Europe may really be a ‘Trojan horse’ – CNBC: Trump’s threat of auto tariffs on Europe may really be a ‘Trojan horse’ … The United States is Germany’s most important single export destination after …
- Volvo signs EV battery supply deals with LG Chem, CATL – Reuters: Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with two Asian battery makers, LG Chem and Contemporary Amperex …
- Carlos Ghosn Got One Thing Right About Nissan – Washington Post: Looks like deposed car executive Carlos Ghosn was right after all: Nissan doesn’t care about shareholder value. Nissan Motor Co. on Tuesday …
- China’s retail sales growth falls to 16-year low as trade war risks rise – Reuters: China on Wednesday reported surprisingly weaker … Industry data this week showed auto sales fell 14.6% in April, the 10th …
- India`s stalling car market sparks wider concerns – FT: As India overtook China to become the world’s fastest-growing major economy, its buoyant car market was a conspicuous sign of its momentum. Driven by …
- Bond Car Sells For $3.5 Million – Bloomberg: You can now buy a replica of a James Bond car for $3.5 million, complete with machine guns and water cannons @astonmartin #GoldfingerDB5 …
- Audi reveals 2020 A4 with hybrid power – Autocar: Audi has taken the wraps off the model year 2020 A4 line-up, which includes … Audi says the oil-burning hybrid S4 will hit 100km/h in 4.8 seconds.
- SK Innovation to invest $490 mln in 2nd Chinese car battery plant – Reuters: AfricaSouth Korea’s SK Innovation said on Wednesday that it plans to invest 579.9 billion won ($488.30 million) to build its second China factory for electric vehicle …
- From Uniqlo to Toyota, Japanese companies take crack at Russia – Nikkei:
- Nissan at `Rock Bottom` Drops on Dividend Cut, Weak Profit – Bloomberg: Nissan Motor Co. shares fell to their lowest since 2012 after predicting annual operating profit below even the most pessimistic analyst’s estimate and cut its …
