- The Man With the Mustache Steps Down From Daimler – Bloomberg: After more than a decade at the helm, Dieter Zetsche is stepping down as chief executive officer of Daimler AG on Wednesday. During his tenure, he’s …
- Truck wars: Silverado gets more weapons for 2020 – Detroitnews: Chevy Silverado upgrades for 2020 with best-in-class tow and more V-8 options
- Breaking down FCA’s new investments, tax incentives in Mich. – Automotive News: The deal entailed not only wooing the automaker with state tax incentives, but also the city of Detroit going to extraordinary lengths to assemble 215 acres of both private and publicly owned land – in less than 90 days.
- Daimler’s Zetsche steps down pledging cost cuts to boost profit – Automotive News: Daimler said its target remains to return Mercedes-Benz Cars, which includes the Mercedes brand and Smart, and Mercedes-Benz Vans to a “profitability corridor” of 8 percent to 10 percent by 2021.
- New Vauxhall Corsa leaks online ahead of imminent debut – Autocar: Vauxhall’s best-seller will finally enter its next generation this year; it will be available in petrol, diesel and electric form Vauxhall is getting ready for one of its biggest launches in years, the all-new Corsa, but the unveiling appears to have…
- Limits on Detroit’s use of eminent domain made Jeep deal much harder to do – Freep: In late February, Fiat Chrysler Automobiles (FCA) and Mayor Mike Duggan announced the automaker’s plans to build a new Jeep assembly plant near …
- China’s MMG says Las Bambas copper operations not disrupted, talks ongoing – Reuters: * MMG says operations not impacted, did not truck via Yavi Yavi
- GM and Ford Stock Are Too Cheap. Can This Fix Change That? – Barrons: Citigroup thinks U.S. auto makers can get higher valuation multiples by disclosing truck profitability.
- GM and Ford Have ‘Billions in Trapped Value.’ Here Is One Way to Unlock It. – Barrons: Auto executives have never provided full details about the profitability of trucks and no auto makers break out profitability by type of car. But comments …
- How We Investigated the New York Taxi Medallion Bubble – New York Times: At that time, the taxi industry was becoming a big story. Mr. Cohen had owned his … Most were blaming ride-hailing companies such as Uber and Lyft.
- BMW Wants a CEO Who Can Perform Miracles – Bloomberg: Harald Krueger has his failings, but would the carmaker really be better served by a more aggressive or visionary chief executive?
- New Renault Clio, Mazda 3 lead Euro NCAP crash test stars – Autocar: Audi e-tron, Volkswagen T-Cross, Toyota Corolla and RAV4 are among seven five-star cars tested in April 2019 The new Renault Clio, Mazda 3 and electric Audi e-tron are among seven cars to secure five-star Euro NCAP crash test scores in the latest…
- Tesla to $10 a share? Negativity piles up. – Reuters: Tesla shares could tumble to as low as $10, according to a worst-case prediction presented by Morgan Stanley, in the latest Wall Street firm to pile on to a …
- Daimler says all costs under scrutiny after moderate start to 2019 – Reuters: German luxury carmaker Daimler said all costs were under scrutiny after reporting a moderate start to the year and affirmed its full-year forecast.
- Daimler Pledges Cuts, Efficiency Drive to Restore Margins – Bloomberg: Daimler AG vowed to cut costs and boost efficiency to restore profit margins as the two top executives who steered the Mercedes-Benz carmaker for more than a …
- Aston Martin Set to Launch Latest James Bond Special Edition – Detroit Bureau: But from the beginning, and in all but a handful of the Bond films to date, his car of choice has been an Aston Martin. The British brand is marking the …
- Fiat Chrysler targets return to profit in Europe by Q4 – Automotive News: Manley told analysts on FCA’s earnings call on May 5 that he expects … FCA’s profit margin in Europe was 1.8 percent in 2018 after reaching a high of …
- Huawei Insists It’s the Victim This Time of Stolen Trade Secrets – Bloomberg: Perlson represented Alphabet Inc.’s Waymo self-driving car unit in a suit that claimed a former top engineer took the company’s “crown jewels” when …
- Ford`s Way to Finish Driverless Deliveries: Package-Carrying Robots – Bloomberg: Autonomous vehicles will need a human-free way to get things to your doorstep.
- Electric cars: China powers the battery supply chain – FT: It is then leached with acid, dried and purified into a fine white powder that carries the charge inside a battery. that enables an electric car to drive.
- Japan says US curbs on auto imports would hurt global economy – Reuters: Japan’s top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the …
- Currency Strategists Brace for Trade War Worse-Case Scenarios – Bloomberg: As U.S.-China trade-war rhetoric escalates without any plan for a resumption … currency strategists are mapping out foreign-exchange implications. … the Trump administration’s disputes with Europe and Japan over auto trade have …
