- Signs of price truce push Lyft, Uber higher – Reuters: Lyft Inc’s hints that its cut-throat rivalry with U.S. ride-hailing rival Uber Inc is easing may prove bad news for customers but it sent shares in both companies sharply higher on Thursday.
- Why selling its PSA stake makes sense for Dongfeng – Automotive News: Aside from the financial windfall of an investment that has almost tripled in value, Dongfeng could concentrate on joint ventures at home with Nissan and Honda …
- Mahindra eyes former GM plant in Mich. if it wins U.S. contract – Automotive News: Mahindra said it is out of capacity at its plant in Auburn Hills, Mich., where it manufactures an off-road vehicle called the Roxor, and would require more production space if it wins a U.S. Postal Service contract.
- Tesla stands by safety claims despite U.S. probes – Automotive News: Tesla, led by Elon Musk, has said the Model 3 “was engineered to be the safest car ever built” with the lowest probability of injury of all vehicles ever tested by the National Highway Traffic Safety Administration.
- China’s leading EV producer posts strong sales in July – Xinhuanet: Beijing Electric Vehicle Co. (BJEV), the electric car-making arm of Beijing Automotive Group Co., or BAIC, sold more than …
- Canadian auto parts maker Magna International’s profit falls 27.8% – Reuters: Canadian auto parts maker Magna International Inc reported a 27.8% fall in second-quarter profit on Thursday, hurt by lower sales volumes and a drop in light vehicle production in Europe and North America.
- Honda to move Accord hybrid production from Japan to Thailand – Nikkei: Honda Motor will shift Japanese production of its Accord hybrid sedan to Thailand, where it wants to take advantage of tax incentives fo.
- Peugeot Sale Makes Sense for Dongfeng – Washington Post: With debt levels tight and the Chinese carmaker’s venture with its French partner underperforming, an exit could make sense for both parties.
- Japan’s Rakuten swings to quarterly loss on Lyft, mobile service – Reuters: Japan’s Rakuten Inc reported an unexpected quarterly loss on Thursday, hit by the depressed value of its investment in ride-hailing firm Lyft Inc and heavy spending on a new wireless service.
- Why this Toyota executive says enhanced safety is needed quickly – Automotive News: Current onboard safety systems such as automated emergency braking are already cutting down on collisions, but enhancements that further improve …
- Automotive sector tops r&d spending in Japan – Automotive News: 15, Mitsubishi Motors was No. 22, Mazda was No. 23 and Subaru No. 26. Measured in a different way, Denso took top honors in Japan’s auto sector.
- Lincoln and Cadillac Are Still Cool Cars in China – Bloomberg: “The vehicle looks pretty solid and makes me feel safer,” says Zhang, 29, … s largest market for Cadillac, overtaking the U.S. in 2017, and Ford Motor Co. … the Cadillac Cimarron economy car and the short-lived Lincoln Blackwood …
- Alfa’s slide worsens in Europe – Automotive News: In addition, Alfa was overtaken during the first half by Jaguar and Porsche while even Toyota premium brand Lexus, which sold 27,267 vehicles in the …
- Lyft’s scooters steering new customers to ride-hailing, but winter is coming – Reuters: A quarter of Lyft Inc customers who use its bikes and scooters are new to the company, executives said on Wednesday, outlining how investments in the expensive growth area may eventually benefit the core ride-hailing business.
- Mercedes, BMW top-of-the-line premium sedans face EV, crossover threat – Automotive News: Buyers are turning from high-end sedans as demand grows for large SUVs and sportier body styles such as four-door coupes, outpacing traditional limousines.
- E-nough with government EV incentives, say auto execs – Automotive News: Leaders at Jaguar and Honda are panning government programs for distorting demand and changing at the whim of an election.
- Japan approves S Korea chip material exports to ease supply fears – FT: Tokyo in July imposed new restrictions on sales of three chemicals crucial to South Korea’s chip and display makers – photoresists, and hydrogen …
- Tesla Subpoenas May Presage Formal Probe, Former Official Says – Bloomberg: NHTSA doesn’t have an active defect probe into Tesla, and the agency may not open one. The regulator declined to comment directly on whether it …