- Ford self-driving cars now rolling around downtown Detroit and Corktown – Freep: Ford outlines next-generation autonomous vehicles as reports say it is nearing a broad agreement with Volkswagen on the technology.
- Ford Motor opens research center in Tel Aviv – Reuters: Ford Motor Co on Wednesday opened a research center in Tel Aviv, joining a growing number of major automakers and suppliers setting up shop in the Israeli tech hub as they race to develop self-driving cars.
- Proton-Geely SUV X70 begins local assembly trials in Malaysia – Xinhuanet: The vehicle, jointly manufactured with China’s Geely, will be put together at Proton’s new 1.2 billion ringgit (290 million U.S. dollars) assembly plant, …
- Tesla shares jump after Musk says company may have ‘a record quarter on every level’ – CNBC: CEO Elon Musk said that he believes the electric automaker has a “decent shot at a record quarter.”
- Uber’s secret self-driving car testing facility: Uber gives “CBS This Morning” an exclusive look inside closely guarded test track – CBS News: Uber gives “CBS This Morning” an exclusive look inside the closely guarded test track as the company looks to regain trust after a fatal accident in 2018.
- Car sales plunge in China ahead of emissions rules – FT: Car manufacturers in China saw their sales fall by nearly a fifth last month as consumers in the world’s largest vehicle market remained reluctant to …
- Wall Street split on Tesla 2019 delivery promises – Reuters: Tesla Inc shares rose almost 3% in early trade on Wednesday, with analysts still divided on the electric-car maker’s chances of meeting …
- Trade wars and regulatory threats challenge tech leadership as the market flirts with a new high – CNBC: Suzuki said he does see a scenario where tech could outperform for a period. If there’s a typical end of bull market rally, at that point, tech could take a …
- American Cars Lose Shine in China as Trade Tensions Simmer – Bloomberg: American Cars Lose Shine in China as Trade Tensions Simmer … now, the duty on cars brought from the U.S. is 15%, same as for other auto imports, …
- Huawei is reportedly working on self-driving cars – CNBC: Two other Chinese firms, Beijing New Energy Automobile and Changan Automobile, are also collaborating with the company, the newspaper reported …
- Ford and VW near self-driving deal, report says – Automotive News: Ford and VW envision a self-driving global colossus and are close to announcing a partnership, sources told Bloomberg.
- Tesla May Have a Loophole to Escape Paying Up on Solar City Bonds – Barrons: The convertible bonds in question were issued in 2014 by SolarCity, before the solar-energy company was purchased by Tesla. (It has since been …
- As China Auto Sales Slow, Industry Braces for New Regulations – WSJ: China’s auto sales declined for an 11th straight month in May as a prolonged downturn in the country’s automotive sector showed no sign of easing and the …
- Britain to become first G7 country with net zero emissions target – Reuters: Britain has announced it will enshrine a new commitment to reach net zero greenhouse gas emissions by 2050 into law, marking a first among G7 nations facing increasingly severe impacts from the climate crisis.
- Lagarde Says Trade Must Be Fixed Without Tit-for-Tat Tariffs – Bloomberg: … manufacturers, and is weighing on the European Union as it frets whether the threat of duties on sectors such as its car industry will become reality.
- Uber Wants Your Next Big Mac To Be Delivered By Drone – Bloomberg: Drones might also land on the roof of a parked Uber car outfitted with a QR code, which will transport the food to the last leg to its destination.
- Mazda opens orders for Mazda3 with fuel-saving Skyactiv-X tech – Automotive News: Mazda has opened orders in Europe for its new-generation Mazda3 compact car equipped with its fuel-saving Skyactiv-X powertrain. The Skyactiv-X …
- In Rare Move, Watchdog Urges Shareholders to Oust Two Japan CEOs – Bloomberg: The arrest of former Nissan Chairman Carlos Ghosn, broker Nomura’s leak of market-sensitive information, and an ongoing parade of product recalls …
- Pressure on Nissan chief executive Hiroto Saikawa intensifies – FT: Hiroto Saikawa is coming under intensifying pressure as president of Nissan as he faces a potentially damning appraisal from minority shareholders at …
- Pendragon sees full year loss as unsold cars pile up – Reuters: British car dealership chain Pendragon said on Wednesday it expected a pretax loss for the full year, as it blamed a challenging market for …
- China auto sales fall 16.4% in May, 11th month of decline – Reuters: Auto sales in China fell 16.4% in May from the same month a year earlier, the country’s biggest auto industry association said on Wednesday, the 11th …
- Electric scooter gets charged up in just five minutes with a battery from BP-backed StoreDot – CNBC: StoreDot finds itself in a heated race with a multitude of companies looking to address the problem of slow recharging times for electric vehicles.
- Proxy company advises shareholders against Saikawa at Nissan – Washington Post: … Hiroto Saikawa as board director, saying the Japanese automaker needs a “break from the past” after the arrest of his predecessor Carlos Ghosn.
- Sweden’s Electric Car Boom Is Under Threat From Power Crunch – Bloomberg: Sweden’s Electric Car Boom Is Under Threat From Power Crunch … An increase in government grants sent sales of electric cars surging by 253% in the … Germany with a third of all new cars, according to a report by BloombergNEF.
- Chinese 5G self-driving bus offers glimpse of commutes to come – Nikkei: Chinese manufacturer Yutong Bus has dispatched four electric self-driving … The company has developed a cloud platform for autonomous driving, …
- Shell reverses car-hailing plans in London – FT: Oil and gas giant Royal Dutch Shell made an unusual move last year in testing an Uber-style service in London, Europe’s biggest car-booking market.
- Musk Tells Tesla Shareholders Consumer Demand Not a Problem – Bloomberg: Tesla Inc. Chief Executive Officer Elon Musk dismissed concerns about demand for his company’s trademark electric vehicles, telling shareholders on …
- Renault push to block Nissan governance shift ‘endangering’ allian – Reuters: Renault’s recent push to block a governance overhaul at Nissan Motor Co has put the Franco-Japanese automaking alliance in …
- Renault Chairman Faces Investors as Nissan Partnership Falters – Bloomberg: A year ago, then- Renault SA Chairman Carlos Ghosn stood before … When Renault’s new chairman, Jean-Dominique Senard, takes the stage, he’ll be … Annette Winkler, the former head of the Daimler AG’s Smart brand of cars.
- Proxy adviser ISS urges shareholders to vote against Nissan CEO reappointment – Reuters: Leading proxy advisory firm ISS has urged shareholders of Nissan Motor Co Ltd to vote against the reappointment of Chief Executive Officer Hiroto Saikawa as a director of a Japanese automaker battling to overhaul corporate governance.
- Tesla is serious about a possible record quarter, not so serious about a submarine car – Reuters: Tesla Inc has a decent shot at a record quarter on every level, Chief Executive Officer Elon Musk said at the company’s annual …
- Singapore’s Ride-Hailing App Grab Mulls Becoming a Bank: Reuters – Bloomberg: Leading Southeast Asian ride-sharing provider Grab is considering applying for a digital banking license if Singapore’s banking regulator allows it, …
- Musk Says No Demand Problem at Tesla – Bloomberg: Elon Musk has addressed Tesla critics saying there is no problem with demand and that it is “financially insane” to buy anything other than an electric …
- At Tesla annual meeting, Elon Musk softens claims of a robo-taxi fleet next year – Latimes: Less than two months after touting a plan to put driverless taxis on the road, Tesla Chief Executive Elon Musk on Tuesday walked back the ambitious …
- Uber picks Melbourne as test site for flying taxi service – Reuters: Uber Technologies said it will use Australia’s second-largest city, Melbourne, as the first international test site for the group’s …
- Elon Musk says Tesla still plans to offer insurance, but is waiting for an acquisition to close – CNBC: On Tuesday, during Tesla’s annual shareholder meeting, CEO Elon Musk said an insurance offering that he expected his car company to launch in …