- Top EU court rejects BMW appeal against limit on car plant aid – Reuters: The European Union’s top court on Monday rejected an appeal by German carmaker BMW against a European Commission decision to limit the state aid it …
- Tesla`s days of splashy hires give way to internal promotions – Automotive News: Tesla”s pivot to promoting from within could be a natural progression for a 16-year-old company that”s prioritized talent development as it”s matured. It”s also possible Elon Musk is having a harder time recruiting.
- SoftBank commits $2bn to Indonesia via Grab – FT: SoftBank has earmarked $2bn for investment in Indonesia via Grab, the south-east Asian ride-hailing start-up, in a win for the country’s president and his efforts …
- Traton to review potential Brexit measures in Q3 – Reuters: Traton Chief Financial Officer Christian Schulz on Monday said the truck and bus maker currently sees no need to draw up additional plans to prepare for a no-deal Brexit and would review the matter later in the year.
- Grab says to invest $2 billion in Indonesia using funds from SoftBank – Reuters: Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital received from Japanese technology investor SoftBank Group Corp.
- Indonesian Travel Startup Seeks to Raise Funds Valuing Company at $4.5 Billion – Wall Street Journal: Consumers’ use of apps from ride-hailing to food-delivery services has been on the rise because of rapid urbanization and shifting preferences toward …
- Evergrande Plans to Bring EV Charging Technology Into the Home – Bloomberg: In China, electric-vehicle owners pay about three times as much to use … as they would to charge their cars at home, according to Bloomberg New Energy Finance. … Evergrande will imbue all its EVs with vehicle-to-grid technology.
- SoftBank Group CEO says to invest $2 billion in ride-hailing app Grab – Reuters: Japan’s SoftBank Group Corp will invest $2 billion in ride-hailing app Grab, its chief executive, Masayoshi Son, told reporters in Jakarta on Monday.
- Be patient for electric and autonomous vehicles – Automotive News: Automotive News Editor-In-Chief Keith Crain says it may be decades before these vehicles are on the road in large numbers.
- Startup Luminar prepares for large-scale production of lidar sensors – Automotive News: After years of building lidar units for r&d platforms, Luminar has unveiled its first sensors, called Iris, tailored for series production. The units combine sensing and …
- Nissan plans to cut at least 10% of its global lineup by spring 2022 – Automotive News: The product reductions will focus mainly on small vehicles, including emerging-market Datsun models. Nissan could also shrink the options and packages offered on its vehicles.
- VW adjusts warranty, adds money for ads – Automotive News: The German brand’s new North American leadership team wants to address lingering issues with two different but equally important constituencies: consumers and its long-suffering dealer network.
- Revenue secret at Hyundai: The `marketing guy’ – Automotive News: Marketing chief Dean Evans knows this assertion could ruffle some feathers. But he has the numbers to back it up.
- Cadillac crossovers here, but is it enough? – Automotive News: Cadillac dealers, having endured three years of declining sales and a leadership change, may have still longer to wait before the luxury brand’s rebound truly can take hold.
- Fiat Chrysler`s CEO Steps on Gas as Global Auto Market Stalls – Bloomberg: The “check engine” light lit up almost as soon as Mike Manley took over as chief executive of Fiat Chrysler Automobiles NV. Days before the late Sergio …
- Santander expands business with FCA – Automotive News: The status of Santander’s relationship with FCA was thrust into question in June 2018 when then-CEO Sergio Marchionne told investors that FCA …
- Musk completes dizzying 360-degree turn for Tesla stores – The Detroit News: First, he was going to close most Tesla stores. Now, he”s talking about adding more.
- A dead end for fossil fuel in Europe”s city centers – The Detroit News: All passenger cars running on diesel will be banned in Paris and Madrid beginning in 2024
- Tesla loses a founder, and a piece of its soul – The Detroit News: J.B. Straubel has been the quiet, grounded complement to Tesla”s Elon Musk. Now he will step down as chief technology officer.
- Brexit could spell end of Ellesmere Port plant, says Vauxhall owner – Guardian: The company’s chief executive, Carlos Tavares, told the Financial Times that … Other car manufacturers in the UK have expressed concern over Brexit …
