- Analysis | The Finance 202: Trump promised an auto renaissance. The industry has hit a skid. – Washington Post: THE TICKER.
- Mahindra quarterly profit slumps on weak India automobile demand – Nikkei:
- French state wants balanced shareholding in Renault/Fiat deal – Reuters: The French state will seek guarantees for a balance between France and Italy in the future shareholders’ pact sealed under a proposed merger between carmakers Renault and Fiat Chrysler, a government spokeswoman said on Wednesday.
- Europe’s Steel Sector Is Suffering. These Charts Show Why – Bloomberg: Steel, a business notoriously sensitive to changing winds of economic growth, has been battered by weaker demand, a knock-on effect of lower car …
- Peugeot Chief Sees Fiat Deal as ‘Virtual Takeover’ of Renault – Bloomberg: Now Tavares may be left with options such as a potential tie-up with Jaguar Land Rover. More than three-quarters of PSA’s revenue comes from …
- Porsche CEO Blume investigated by German prosecutors, paper says – Automotive News: German prosecutors are investigating Porsche CEO Oliver Blume over a possible breach of fiduciary trust tied to payments made to a …
- Toyota eyes $550m investment in Chinese ride-hailer Didi – Nikkei:
- Will Robotaxis Be Cheaper Than Owning a Car? GM Wins Either Way. – Barrons: And if electric cars prove overhyped, Tesla doesn’t have a backup plan, whereas GM can go right on making lucrative pickup trucks and sport utility …
- Eike Batista Plots His Comeback and Offers Advice to Elon Musk – Bloomberg: Walking down a busy street in Rio de Janeiro one recent afternoon, we bumped into the Brazilian who is best known for losing $35 billion in a single year.
- Uber Reports Earnings Tomorrow. Here’s What To Expect. – Barrons: The next big moment for Uber Technologies is coming up: its first earnings report since the company went public earlier in May. The report is due …
- FCA-Renault merger could hinge on jobs in Europe, experts say – Freep: A strong wind fills the sails of a potential Fiat Chrysler-Renault merger, but rocky shoals lie ahead. The lure of massive savings – FCA estimated $5.6 …
- US Risks ‘Devastating’ Blow From China’s Rare Earths Monopoly – Bloomberg: “There is no such thing as an automobile sold in the U.S. or made in the U.S. … In a car, they allow windscreen wipers, electric windows, and power …
- Fiat and Renault Is Hardly a Merger of Equals – Washington Post: Fiat Chrysler Automobiles NV has a generous view of what defines a merger of equals. Its proposed combination with French rival Renault SA …
- Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan -Nikkei – Reuters: Nissan on Wednesday told Renault it wasn’t opposed to its partner’s potential $35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry.
- Infiniti moves headquarters back to Japan as restructuring continues – Automotive News: Infiniti will relocate its head office from Hong Kong to Japan in the middle of next year in a push to centralize and streamline operations closer to parent Nissan.
- Exclusive: Arbitration court rejects India’s plea in case against Nissan – sources, document – Reuters: The Permanent Court of Arbitration in Singapore has rejected India’s argument that the court does not have the jurisdiction to rule on a case brought against India by Japan’s Nissan Motor, according to two people and documents reviewed by Reuters.
- VW’s Porsche CEO probed by prosecutors: Stuttgarter Nachrichten – Reuters: German prosecutors are investigating the chief executive of Volkswagen’s Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied to payments made to a Porsche works council member, a newspaper reported on Wednesday.
- China Dodges FX Tag, Fed Departures, RBA Seen at 0.5%: Eco Day – Bloomberg: This graphic illustrates the weakening; A decline in global car sales likely reduced world gross domestic product by 0.2% last year; The RBA’s signal …
- Nissan`s Infiniti brand to move back to Japan from Hong Kong: document – Reuters: Nissan Motor Co`s premium brand Infiniti is relocating its headquarters back to Japan from Hong Kong, its home since 2012, to create “more operational efficiencies” with its parent company, according to a document seen by Reuters on Wednesday.
- Electric Scooters Are Sweeping the Country. New York Says Not So Fast. – New York Times: The boy, Shevon Bethea, was riding a children’s electric Razor scooter, … Uber and Lyft, the titans of ride-hailing, are also competing to offer electric …
- Blindsided by FCA-Renault talks, Nissan risks being left by the roadside – Automotive News: … merger talks with Fiat Chrysler Automobiles just days before they became public, four sources told Reuters, stoking fears at the Japanese automaker …
- Jaguar, Where’d That Extra $1 Billion Come From? – Bloomberg: The company reported a big boost to its free cash flow in the latest quarter thanks to clever accounting. It isn’t sustainable.
- The EU and Japan struggle to harness Trump’s China trade ire – FT: Both have been hit directly by tariffs on their own steel and aluminium … House gave the EU and Japan a six-month reprieve on imposing auto tariffs.
- The French have made their own rules in business for too long – FT: So it is a bit rich for the French to describe Nissan’s chief executive Hiroto Saikawa as being “completely irrational” in their talks over a possible merger …
- Fiat Chrysler and Renault’s merger is inescapable – FT: There is a painful historical echo in the €33bn merger of Fiat Chrysler Automobiles and Renault proposed this week by FCA. The deal would be almost …
- Mitch McConnell: Republicans would fill SCOTUS vacancy in 2020 – Axios: … meeting Prime Minister Benjamin Netanyahu at the tail end of a coalition ….. Nissan has resisted Renault’s push for a full merger between the deeply …
- RPT-Blindsided by FCA-Renault talks, Nissan risks being left by the roadside – Reuters: * Nissan has rebuffed merger with Renault, relations strained
