- Italy open to taking stake in FCA-Renault tie-up – Automotive News: Italy is open to taking a stake in the proposed merger between Renault and Fiat Chrysler, as long as the deal triggers economic benefits for the country, …
- From wheel to tweel: GM partners with Michelin on airless tire – CNBC: GM and Michelin form a new partnership on a prototype of a radical new type of wheel designed to replace the conventional pneumatic tires.
- Jaguar Land Rover`s Turnaround Ends in China – WSJ: Britain’s Jaguar Land Rover, a unit of Tata Motors of India, had an ambitious expansion planned in China-until consumers there pulled back on big-ticket …
- Italy Open to Taking Stake in Fiat in Possible Renault Deal – Bloomberg: The deal would create the world’s third-largest car maker with the chance of becoming a global leader if Nissan later join Nissan and Renault.
- GM, FCA strike a deal with Tesla that consumers subsidize – Freep: GM and FCA buy emission credits from Tesla in the event that they can’t hit U.S. regulatory targets on fuel economy standards.
- Carlos Ghosn’s wife says Nissan orchestrated his arrest in ‘conspiracy’ to avoid merger with Renault – CNBC: ‘A few people within Nissan decided to get rid of my husband … that was the easiest way not to do the merger,’ Carole Ghosn told CNBC.
- Renault-Fiat merger talks should not be rushed, French finance minister says – Automotive News: French Finance Minister Bruno Le Maire said there was no need to rush regarding the $35 billion merger talks between Renault and Fiat …
- Renault-FCA merger talks should not be rushed, French finance minister says – Automotive News: Sources had earlier told Reuters that FCA had resolved key differences with France over its proposed merger with Renault, as talks on the tie-up plan …
- ARK Invest’s effective Tesla model – FT: Tesla is the largest holding in its largest ETF, the actively managed “ARK Innovation”, which, to ARK’s credit, has outperformed the Nasdaq by 39 per …
- BMW and Jaguar Land Rover Join Forces on Electric-Car Technology – Bloomberg: BMW AG and Jaguar Land Rover Plc will collaborate on their next generation of electric cars, following similar moves by other automakers that have …
- Ford limits sales of Edge in Europe – Automotive News: The sector leader is the Skoda Kodiaq, followed by the Peugeot 5008. Both are available with gasoline engines. Ford said it was launching more …
- Italy Opposes Layoffs in Fiat-Renault Deal: Geraci – Bloomberg: Italy Economic Development Ministry Undersecretary Michele Geraci discusses the Italian government’s view of a potential merger between Renault …
- German sales rise 9% in May as diesel market rebounds – Automotive News: New-car sales in Germany rose 9 percent in May, boosted by increased demand for diesel vehicles.
- Germany: no layoffs at Volkswagen brand through 2029 – Washington Post: Automaker Volkswagen is ruling out compulsory layoffs at its core brand’s German plants for the next 10 years even as it looks to cut costs and adapts to …
- UK new car sales fall 5% in May – Reuters: British new car registrations dropped 4.6% last month due to uncertainty over diesel policy and the government’s decision to cut incentives for plug-in hybrid vehicles, an industry body said on Wednesday.
- Renault board delays vote on FCA merger after deal hits resistance – Automotive News: While they are likely to abstain, according to people familiar with the matter, their opposition would be a symbolic blow to the FCA proposal.
- BMW and Jaguar Land Rover to jointly develop electric car components – Reuters: BMW on Wednesday said it will develop its next-generation electric motors, transmission and power electronics with Jaguar Land Rover, unveiling yet another industry alliance designed to lower the costs of developing electric cars.
- Volkswagen to invest up to 4 billion euros in digital transformation – Reuters: Volkswagen will invest up to 4 billion euros over the years to 2023 to digitalize its administration and production, the German carmaker said on Wednesday, …
- No need to rush Renault-Fiat merger talks: French finance minister – Reuters: French Finance Minister Bruno Le Maire said there was no need to rush regarding the $35 billion merger talks between carmakers Renault and Fiat Chrysler, while reiterating that he nevertheless wanted the deal to go ahead.
- UK economy ‘close to stagnation’; car sales fall again – business live – Guardian: “New car registrations figures have again declined 4.6% in part because of the current economic and political ambiguity around the impact of Brexit …
- New Volkswagen Ad Campaign Is a U-Turn for a Company Caught Cheating – New York Times: A marketing push hatched by the firm that makes ads for Adidas and Google zooms past contrition on its way toward a greener future for the world’s largest …
- GM Revives Trailblazer Name for Small Korean-Built SUV – Detroit Bureau: GM Revives Trailblazer Name for Small Korean-Built SUV … General Motors Co. is resurrecting an old name for a new sport-utility vehicle built in …
- Renault board to reconvene on Fiat merger talks on Wednesday – Nikkei:
- Nissan Should Go It Alone – Washington Post: The Japanese carmaker has enough business challenges on its plate without negotiating a complex multinational merger.
- Renault suspects Ghosn misused 11 mil. euros – Mainichi: Renault SA said Tuesday former Chairman Carlos Ghosn possibly misused 11 million euros ($12 million) for his personal benefit, …
- China fines Changan Ford for vertical monopoly agreements – Xinhua | English.news.cn – Xinhuanet: China’s State Administration for Market Regulation announced Wednesday that it has imposed a fine of 162.8 million yuan (23.6 …
- China fines Ford’s Changan JV $24 million for violating anti-monopoly law – Reuters: China’s market regulator on Wednesday said it was imposing a 162.8 million yuan ($23.55 million) fine on Ford Motor Co’s joint venture with Changan …
- Toyota estimates Trump’s Mexico tariffs could cost over $1 bil. – Mainichi: Toyota Motor Corp. estimates that U.S. President Donald Trump’s proposed tariffs on Mexican-made goods could cost its major …
- S.Korea extends tax cut on car buyers to boost consumption – Reuters: South Korea said on Wednesday it would extend by another six months the 30% cut in consumption tax on passenger cars …
- Car safety takes a back seat for passengers in the rear – Detroitnews: Cars are safer than they’ve ever been, but with improvements focused largely on front-seat passengers, safety groups in Washington …
- Trump Administration Upholds Tariff on GM’s Chinese-Made Buick – Bloomberg: The Swedish automaker, which is owned by China’s Zhejiang Geely Holding Group Co., had asked for the exemption last October, saying it would …