- Uber shares continue slide in pre-market trading as CEO says profits will come ‘eventually’ – CNBC: Uber shares were down as much as 8% in pre-market trading on Friday after the company missed expectations in its second quarter results.
- UK car industry in brace position ahead of Brexit deadline – Guardian: Nowhere is that more the case than in the car industry, which is contending with a backlash against diesel and weaker demand in China that has …
- Zen millionaire Ken Honda says your personality type is key to how you handle your finances – CNBC: “Happy money” makes you smile and lifts your spirits when you think about it, says Japanese self-help author Ken Honda. Honda’s main focus is the …
- FCA will avoid EU CO2 fines in 2019, 2020, CEO says – Automotive News: FCA will be compliant because of a regulatory credit deal with Tesla, the forthcoming debuts of plug-in hybrid Jeeps, the addition of the full-electric Fiat 500, and the arrival of more efficient combustion engines.
- U.S. official key to effort to roll back fuel economy rules to leave, report says – Automotive News: Heidi King, the deputy administrator of NHTSA, plans to leave the agency in the coming weeks, according to Reuters.
- Top NHTSA official Heidi King to leave, report says – Automotive News: King has been a key figure in President Donald Trump’s effort to roll back Obama-era fuel economy rules for vehicles.
- Malaysia to collaborate with Japan’s Daihatsu Motor for 3rd national car – Xinhua | English.news.cn – Xinhuanet: Malaysia will collaborate with Japan’s Daihatsu Motor Co. to develop a third national car with the first model expected to be …
- China’s CMOC seeks opportunities to beef up battery metals business -CEO – Reuters: Fresh from closing a $518 million acquisition, metals firm China Molybdenum Co (CMOC) remains open to deals that would boost business in the booming electric vehicle (EV) battery sector, the company’s chief executive said on Friday.
- Top Indian automakers plan production cuts amid industry crisis – Reuters: Indian automakers Tata Motors Ltd and Mahindra and Mahindra Ltd (M&M) said on Friday they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns.
- China Car Market`s Historic Rut Far From Over – Bloomberg: Chinese auto sales returned to a downward trajectory last month after a brief uptick, showing the market’s historic rut is far from over.
- Malaysia launches new car project to jumpstart high-tech growth – Reuters: Malaysia launched a new mass market car project on Friday, as it looks to boost development and adoption of high technology in a renewed industrial push by Prime Minister Mahathir Mohamad.
- Mahathir Revives Dream of Malaysian Car Brand, With Help From Japan – Bloomberg: Malaysia Prime Minister Mahathir Mohamad revived his decades-long efforts to create a competitive homegrown car brand by picking a local company …
- Lamborghini preparing to enter Le Mans? – Autocar:
- Daihatsu named technology partner for Malaysia’s next national car – Nikkei: Japan’s Daihatsu Motor will provide “advanced technological support” for Malaysia’s third national car project, government officials …
- Renault Captur to offer brand’s first plug-in hybrid – Automotive News: For the new generation, the Captur has moved to Renault-Nissan’s CMF-B architecture, which also underpins the latest Clio small hatchback. Renault …
- Volvo’s July China sales rise 25% on locally built products – Automotive News: Volvo’s sales growth in China accelerated in July, with volume advancing 25 percent to 12639 after adding more locally produced models. The growth reflected …
- Audi, Tesla, Volvo offering vegan interiors – Automotive News: Veganism is now a strict diet for many people. And with it often comes a set of lifestyle choices that are similarly animal-free in nature. For automotive *content* …
- Startup partners in auto industry need mentors – Automotive News: Competition is increasingly giving way to collaboration in the auto industry. But partnerships between established auto companies and technology startups …
- Indonesia president signs new EV decree to bolster industry – Reuters: Indonesian President Joko Widodo on Thursday signed a decree laying out government support for electric vehicle (EV) …
- Detroit automakers face ‘time of reckoning’ in China – The Detroit News: Chinese manufacturers are making better vehicles catering to Chinese consumers, and the Chinese economy is slowing thanks to deepening trade tensions.
- Uber lost $5.24 billion in the second quarter – its largest quarterly loss ever – Chicago Tribune: Uber continued to spend heavily on sales and marketing, which includes costly … Khosrowshahi said he’s confident in the scale of Uber’s ridesharing …
- Tesla subpoenas may presage formal probe, ex-official says – The Detroit News: NHTSA has issued at least five subpoenas since April 2018 for information about Tesla vehicle crashes