- Former UAW VP Jewell Sentenced to 15 Months in Prison – Detroit Bureau: (Former Union VP Jewell Pleads Guilty in FCA-UAW Scam). David Gardey, chief of the public corruption unit for the U.S. Attorney’s office for the …
- Morgan Stanley upgrades Ford, saying the stock’s recent dip is ‘a buying opportunity’ – CNBC: Morgan Stanley said it made a “significant increase” in its estimates for Ford earnings over the next three years.
- Singapore to Step Up Oversight on Grab, Gojek to Enhance Safety – Bloomberg: Singapore will tighten regulations on ride-hailing operators such as Grab and Gojek, bringing safety-related rules for the services in line with taxi …
- Bosch sees stagnating sales, job losses as auto industry slows – Automotive News: Bosch CEO Volkmar Denner foresees stagnation in vehicle production in the coming years. “The tailwind is gone,” he said, adding that this will affect the supplier’s employees, “above all in the diesel plants.”
- Russia’s July car sales down 2.4% y/y – AEB – Reuters: Sales of new cars in Russia fell 2.4% year on year in July to 139,968 units, the Association of European Businesses …
- Japanese flying car hovers for a minute during test flight – Reuters: Japanese electronics manufacturer NEC Corporation unveiled a prototype flying car that stayed in the air for almost a minute during a test in Japan this week.
- Porsche exec Frank-Steffen Walliser shapes the 911 sports car – Automotive News: Frank-Steffen Walliser has one of the most enviable and most challenging jobs at Porsche in charge of the iconic 911 sports car, as he explained to Automotive …
- Toyota Europe exec looks to win faster with full-electric cars – Automotive News: Toyota Europe has hit its target to have hybrids make up 50 percent of its sales, but now a new challenge has emerged: offering full-electric vehicles, as its sales …
- Maserati won’t see profits until after product offensive starts in 2020 – Automotive News: FCA Chief Financial Officer Richard Palmer said dealer stocks of Maserati’s aging lineup would be reduced further during the second half of 2019.
- Faurecia shores up China sales on newly formed partnerships – Automotive News: … vehicle maker, while Faurecia Wuling chiefly supplies interiors to SAIC-GM-Wuling — General Motors’ light-vehicle joint venture with SAIC Motor.
- Automobili Pininfarina CEO outlines lineup expansion plan – Automotive News: … technology developed by Croatian supplier Rimac Automobili, weighs close to two metric tons, Perschke said, nearer the weight of a Bugatti Chiron.