- Toyota to invest $2 billion in electric vehicles in Indonesia: ministry – Reuters: Japanese carmaker Toyota plans to invest $2 billion in electric vehicles in Indonesia between 2019 to 2023, starting with the development of hybrid cars, …
- Here are the biggest analyst calls of the day: Tesla, Facebook, Nvidia, Western Digital & more – CNBC: Here are the biggest calls on Wall Street on Thursday.
- VW piles into crowded car-sharing market with all-electric fleet – Automotive News: The WeShare offering, which has started in Berlin, could help Volkswagen bolster its push into electric vehicles by making them more visible to consumers.
- Uber targets expansion in fast-growing West African markets – Reuters: Global ride-hailing firm Uber Technologies Inc is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said on Thursday.
- Ford to cut 12,000 jobs in Europe by end of 2020 – Reuters: Ford said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and record-level investments to build low emission cars.
- Waymo makes autonomous vehicles available to Lyft riders – CNBC: Waymo, a subsidiary of Google-parent Alphabet which is developing autonomous vehicles and related services, has officially expanded its reach and …
- European car lobby cuts 2019 sales forecast to 1% fall – Reuters: Europe’s automotive lobby on Thursday cut its forecast for passenger car registrations this year to a 1% fall from a 1% rise, blaming slower growth and business concerns over Britain’s impending exit from the European Union.
- Ford Looks to Cash In on Off-Roader Appetite for Fatter Tires – Bloomberg: Ford Motor Co. is going after a greater cut of a lucrative business: those willing to pay big bucks for pricey pickup accessories like big, off-road tires …
- Michigan state parks could be opened for electric vehicle charging stations – Freep: Electric vehicles can offer a lot of pluses, from a peppy launch to zero tailpipe emissions. Driving from Detroit to Traverse City on a single charge, …
- Ford ups Super Duty’s off-road chops with Tremor package – Automotive News: The automaker said the package for its segment-leading heavy-duty pickups will outperform Ram’s Power Wagon
- The Cars Are Newer, the Buyers Younger as Auto Collecting Moves Forward – New York Times: Indeed, later this year, Land Rover-Jaguar plans to offer a luxury limited edition 70th Anniversary Defender for sale in Europe, with prices starting at …
- New package turns Ford F-250 and 350 pickups into off-road beasts – Freep: Ford will add a buff and brawny off-road version of its biggest 2020 F-250 and 350 Super Duty pickup later this year. The Tremor package will include …
- Japan warns UK PM rivals: no-deal Brexit could end our investment honeymoon – Reuters: Last year Nissan, Toyota and Honda made roughly half of Britain’s 1.5 million cars, employing tens of thousands of people both directly and through …
- Japan warns future prime minister of possible automaker exodus after no-deal Brexit – Automotive News: Japan has warned the two candidates vying to replace Prime Minister Theresa May in Britain that Japanese automakers could leave the country if there is a …
- Amazon launches new in-store pickup option with Rite Aid as its first partner – CNBC:
- Britain’s new net zero emissions target becomes law – Reuters: Britain’s new target to reach net zero greenhouse gas emissions by 2050 became law on Thursday, making it the first among the major G7 countries to set such a goal.
- Grab raises $300 million from asset manager Invesco to fuel growth – Reuters: Grab has received an additional $300 million investment from asset manager Invesco Ltd as part of plans by Southeast Asia’s biggest ride-hailing company to raise $6.5 billion in total capital this year.
- Jaguar Land Rover Is Exploring New High-Yield Bond Sale – Bloomberg: Jaguar Land Rover Automotive Plc has this month approached European investors via a bank for a potential new bond financing, according to people …
- European Car Sales to Fall in 2019 on Brexit, Slow Demand – Bloomberg: European car sales are expected to drop this year due to uncertainty surrounding Brexit and a flattening of demand, according to a revised forecast by the …
- ACEA’s 2019 sales forecast moves from growth to 1% decline – Automotive News: European automobile manufacturers’ association ACEA expects car registrations in Europe to shrink by 1 percent in 2019, revising its previous forecast of 1 …
- Future of hydrogen fuel depends on emissions pricing: Kemp – Reuters: Hydrogen has the potential to become an important energy carrier in a future clean energy system, complementing electricity, but …
- UK car output slumps 16% in May for 12th consecutive monthly fall – Automotive News: … along with BMW Group’s Mini and Rolls-Royce brands, Volkswagen Group’s Bentley, Tata’s Jaguar Land Rover and the PSA-owned Vauxhall unit.
- Feature: US-initiated trade tensions pose significant downside risk for automotive industry – Xinhua | English.news.cn – Xinhuanet: (Editor’s Note: This story is part of a series, “The Butterfly Effects”, on U.S.-initiated trade war.) by Xinhua writer Zhu Sheng. BERLIN, June 27 (Xinhua) — “The …
- BMW: Diesels to survive at least 20 more years, gasoline 30 – Automotive News: Despite being at the forefront of electrification, BMW will continue to invest heavily in internal combustion engines for the foreseeable future.
- Emmanuel Macron says Paris does not need to lower Renault stake – FT: The call for closer unity echoes attempts by Carlos Ghosn to steer the businesses closer together through evermore ambitious synergy targets.
- China’s Vehicle Demand Forecast to Fall for Second Straight Year – Bloomberg: Passenger-car sales will probably drop 5% in 2019, researcher LMC Automotive estimated, after the first annual decline in more than two decades last …
- Quadrillion-Dollar London Market Finds Way Through Brexit Blues – Bloomberg: Brexit has battered sentiment for some IPOs, weakened by the high-profile flops of Aston Martin Lagonda Global Holdings Plc and Funding Circle …
- Analysis: What went wrong at Ford’s Bridgend plant? – Autocar:
- Macron says no reason to review Renault-Nissan capital relationship – Mainichi: The remark by Macron, who is visiting Japan for a Group of 20 summit in Osaka, came after Nissan CEO Hiroto Saikawa said earlier in the week he is …
- India scrambles to look overseas for rare earths used in EVs – Nikkei: Having direct access to lithium will help Maruti Suzuki, Mahindra & Mahindra, electric two-wheeler startup Twenty Two Motors and other domestic …
- Ghosn’s FY 2018 pay at Nissan drops 42% to 1.65 bil. yen – Mainichi: Former Nissan Motor Co. Chairman Carlos Ghosn’s remuneration for fiscal 2018 fell 42 percent to 1.65 billion yen ($15 million) …
- Ghosn’s pay at Nissan drops 42% to 1.65bn yen for fiscal 2018 – Nikkei: Former Nissan Motor Chairman Carlos Ghosn’s remuneration for fiscal 2018 fell 42 percent to 1.65 billion yen ($15 million) …
- BMW electric profits to rival internal-combustion engines by 2025 – FT: BMW expects profits from selling electric vehicles to catch its traditional cars before 2025, in one of the first indications from a major carmaker when it …
- France’s Macron Rules Out Change in Renault-Nissan Stakes – Bloomberg: French President Emmanuel Macron said “nothing justifies” changing the cross shareholding structure between Renault SA and Nissan Motor Co., …
- France’s Macron says no need to lower government’s stake in Renault – Reuters: France’s Macron says no need to lower government’s stake in Renault … shock arrest in November of former boss Carlos Ghosn, but Macron referred to that … Despite the French government’s frequent calls for Renault and Nissan to …
- The all-new 2020 Ford Explorer – Detroitnews: Detroit News auto critic Henry Payne reviews the all-new 2020 Ford Explorer.
- Nissan to Cancel Ghosn’s Retirement, Stock-Linked Compensation – Bloomberg: Nissan Motor Co. is canceling yet-to-be-paid compensation benefits for Carlos Ghosn, in the latest steps taken by the Japanese automaker to distance …
- New Mazda turbo rotary patent discovered – Autocar:
- Democrats bash Trump on GM plant shutdowns – Detroitnews: In their first presidential primary debate, Democratic candidates on Wednesday bashed President Donald Trump’s pledge to protect manufacturing jobs after the …
- SoftBank, Toyota’s self-driving car venture to add five more automakers: sources – Reuters: TOKYO (Reuters) – The self-driving car joint venture of SoftBank Corp and Toyota Motor will receive investment from a further five Japanese automakers, two …
- Mazda CX-5 is the poster child of overlooked crossovers – Detroitnews: The speedy and athletic CX-5 is something you won”t find everywhere
- Opinion: Automakers urge Congress to pass USMCA – Detroitnews: With iconic brands and deep American roots, FCA US, Ford and General Motors produce more of their vehicles here in the U.S. – and source more of …
- Big Surprise at Disneyland: Star Wars Land’s Not-So-Long Waits – Bloomberg: The wait Wednesday afternoon for the signature Millennium Falcon ride was as little as 25 minutes, comparable to the 25-year-old Roger Rabbit’s Car …
- California, Canada partner to reduce emissions – Detroitnews: The deal sets up a conflict with the Trump administration”s plans to relax the standards
