- Tesla considers raising prices in China from Septemb – Reuters: U.S. electric vehicle maker Tesla Inc is considering lifting its prices in China from September amid yuan-related uncertainty, two people familiar with the matter said.
- Tesla received a cease-and-desist letter from US agency over Model 3 safety claims – CNBC: The U.S. National Highway Traffic Safety Administration has pulled Tesla up on claims regarding the safety of its Model 3 sedan.
- Mahindra profit jumps on one-time gain from share sale – Nikkei: Mahindra and Mahindra reported an almost two-fold jump in first-quarter profit on the back of a one-time gain that helped the Ind.
- Great Wall says JV with BMW is proceeding as planned – Reuters: China’s top sport utility vehicle maker Great Wall Motor said in a stock exchange filing on Wednesday that its joint venture with BMW …
- What to watch today: Dow points up, Disney stock sinks, and Tesla safety under question – CNBC: U.S. stock futures were pointing to modest gains at the Wall Street open, in contrast to Monday’s sharp sell-off and Tuesday’s strong rebound. Dow futures were …
- Nissan pays $1.5M in crash of car without side air bags – Washington Post: Nissan Motor Co. will pay $1.5 million to the estate of an 18-year-old killed in the crash of a car without side-curtain air bags.
- Lyft and Uber Earnings: What to Watch – Wall Street Journal: The reception thus far hasn’t been great: both ride-hailing competitors are … Uber’s ride-hailing operations in regions including Latin America have …
- India’s Mahindra warns of job losses in auto sector, seeks govt help – Reuters: Indian automaker Mahindra and Mahindra Ltd (M&M) said on Wednesday it saw a “huge danger” of job losses in the ailing domestic auto sector, as it sought …
- All-new Renault Clio: UK prices for advanced supermini revealed – Autocar: Autocar
- Continental quarterly profit plunges 41% as supplier seeks deeper cost cuts – Automotive News: Continental is seeking deeper cost cuts after second-quarter net profit fell 41 percent, hit by lower vehicle demand in China and steep investments for …
- Auto-Parts Giant Continental Slams Brakes on Engine Parts Amid Shift to Electric – Wall Street Journal: BERLIN-One of the world’s biggest car-parts makers is saying goodbye to the internal combustion engine-the machine that has been at the heart of …
- BYD NEV sales up 73 pct in Jan-July period – Xinhua | English.news.cn – Xinhuanet: BYD, China’s leading new energy vehicle (NEV) manufacturer, reported annual 73.2-percent growth in NEV sales in the Jan.
- Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany – Automotive News: Daimler is offering some Mercedes-Benz customers in Germany a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel …
- Renault-Nissan is dead in all but name – Automotive News: After a relationship dies couples often go through the motions of remaining in a marriage. That’s the best way to characterize what’s left of the alliance between …
- Continental AG seeks deeper cost cuts as profit drops – Reuters: Continental AG, Europe’s largest listed automotive supplier by revenues, said it was seeking deeper cost cuts after …
- Toyota turns to AI startup to accelerate goal of robots for the home – Reuters: Toyota Motor Corp has designs on making robot helpers for your home, and has enlisted a Japanese startup that specializes in artificial intelligence to jump-start its plan.
- 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 versions of the Jeep Compass, …
- Nio leads in EV quality, J.D. Power finds in China – Automotive News: Electric vehicle startup Nio ranks highest in J.D. Power’s inaugural China New Energy Vehicle Experience Index Study, which measures new-vehicle quality by …
- Lynk & CO boss outlines European launch plan – Automotive News: Instead of creating a traditional dealer network, the Geely-owned brand will offer subscriptions to customers, market its cars online, and sell through branded …
- Steelmaker Voestalpine’s core profit falls as auto sector weighs – Reuters: (Adds detail, background). VIENNA, Aug 7 (Reuters) – Austrian specialty steelmaker Voestalpine AG on Wednesday reported a 28% drop in its …
- SoftBank Group’s profit blows past estimates on Vision Fund gains – Reuters: That was, however, offset by 195 billion yen in unrealized losses from a drop in value of its stake in firms like ride-hailing firm Uber (UBER.N) that is …
- German Industry Suffered Worst Annual Drop in a Decade in June – Bloomberg: … Wednesday, adding that a disappointing performance in the second quarter was primarily due to weakness in metal, machinery and car production.
- Austria’s Voestalpine core profit drops 28% as auto sector drags – Reuters: Austrian specialty steelmaker Voestalpine AG on Wednesday reported a 28% drop in its first-quarter core profit, weighed …
- Wirecard Raises 2019 Profit Outlook on Surging Online Payments – Bloomberg: The company is also developing new finance products with Auto1 Group GmbH, the used car sales platform that — like Wirecard — is backed by …
- Infiniti builds engineering talent pool with the lure of racing – Automotive News: More than 10000 students globally apply for the Infiniti Engineering Academy each year and that list is narrowed to 10 within each region. That’s a lot of …
- Thai insurer offers world’s first auto cover to start and stop with engine – Nikkei: A Thai insurer has introduced the world’s first insurance policy that automatically switches on when the driver starts the car, aiming to cut …
- Cadillac’s best-selling XT5 x-pands its capability – The Detroit News: The mid-size XT5 ute gets a significant refresh for 2020 as GM”s luxury brand catches up with the SUV field
- Tesla Scrutinized by U.S. Agency Over Model 3 Safety Claims – Bloomberg: The U.S. National Highway Traffic Administration sent Tesla Inc.’s Elon Musk a cease-and-desist letter last year regarding Model 3 safety claims and …
- A New Way to Make Rockets Reusable: Catch Them With a Helicopter – Bloomberg: Elon Musk’s Space Exploration Technologies Corp. has garnered the most attention for its ability to land rockets back on a pad after they’ve delivered …
- SpaceX Pulls Off Do-Over Flight Years After Launch Pad Explosion – Bloomberg: Almost three years after a Space Exploration Technologies Corp. rocket blew up, Elon Musk’s rocket company is pulling off a do-over launch for its …
