- GM strike: Have questions? Join the Free Press for a Reddit AMA! – Freep: Jamie LaReau and Randy Essex will be on Reddit at 2 p.m. Tuesday to answer any questions you may have about the UAW’s nationwide strike against GM.
- Top Volkswagen executives charged in Germany over automaker’s diesel scandal – Chicago Tribune: German prosecutors said Tuesday they have charged Volkswagen’s current chief executive and chairman as well as its former CEO with market manipulation in …
- Fiat Chrysler loses appeal over EU back taxes order – Automotive News: FCA’s case is part of a wider crackdown on tax breaks offered by some EU countries to multinational companies.
- Volkswagen CEO Diess accused of market manipulation – Autocar: German prosecutor’s office has filed charges against a number of current and former Volkswagen executives
- Nissan recalls 1.3M vehicles to fix backup camera display – Washington Post: Nissan is recalling 1.3 million vehicles mainly in the U.S. and Canada to fix a problem with the backup camera displays.
- Starbucks wins, Fiat loses in EU tax fights – Reuters: Starbucks won its fight on Tuesday against an EU demand to pay up to 30 million euros ($33 million) in Dutch back taxes, while Fiat Chrysler Automobiles lost its challenge against an order to stump up a similar amount to Luxembourg.
- Hankook selected for OE tyres on Audi Q8 – Just-Auto: Tyre maker Hankook Tire has announced that the company will be an original equipment supplier for tyres on the new Audi Q8.
- Fiat Chrysler Loses Appeal Against $33 Million E.U. Tax Fine – New York Times: The automaker was ordered to repay taxes saved in a deal with Luxembourg. The decision offers clues about a similar case against Apple.
- Volkswagen bosses charged in Germany over diesel scandal – The Detroit News: German prosecutors said Tuesday they have charged Volkswagen CEO Herbert Diess, Chairman Hans Dieter Poetsch and former CEO …
- VW Chairman, CEO Charged With Market Manipulation in Germany – Bloomberg: Volkswagen AG’s two top leaders, Chief Executive Officer Herbert Diess and Chairman Hans Dieter Poetsch, were charged with market manipulation in …
- German prosecutors indict top VW bosses over emissions scandal – Reuters: German prosecutors have brought criminal charges of stock market manipulation against Volkswagen CEO Herbert Diess, former CEO Martin Winterkorn and Chairman Hans Dieter Poetsch in connection with the carmaker’s emissions cheating scandal.
- BYD wins Germany eBus orders from public transport companies – Just-Auto: With more than 50,000 fully electric buses and coaches delivered in the US, the UK, the Netherlands, Norway, and Spain, German public transport …
- VW’s Diess will continue as CEO after German prosecutors pressed charges – Reuters: Volkswagen’s Herbert Diess will keep his role as the carmaker’s chief executive and continue to defend himself with all legal means after prosecutors indicted him in connection to an emissions cheating scandal, his lawyers said on Tuesday.
- Volkswagen board members to discuss indictment of CEO: spokesman – Reuters: Volkswagen’s supervisory board said on Tuesday its executive committee would convene immediately to discuss the indictment of CEO Herbert Diess in relation to the carmaker’s diesel emissions scandal.
- EU will assess court rulings on Starbucks, Fiat tax cases: Vestager – Reuters: The European Commission will study the rulings of the European Union’s second-highest court on tax disputes with Starbucks and Fiat Chrysler Automobiles , the competition chief Margrethe Vestager said on Tuesday.
- BYD delivers 50 T3 electric vans to Bahamas | Automotive Industry News – Just-Auto: BYD has delivered 50 T3 pure electric vans to Nassau, capital of the Bahamas, partnering with car dealership, Easy Car Sales. related to Electric drive, …
- Germany: Volkswagen bosses charged with market manipulation – Washington Post: German prosecutors say they have charged Volkswagen chief executive Herbert Diess and chairman Hans Dieter Poetsch, along with former CEO Martin …
- German prosecutors press charges against current and former VW CEOs – Reuters: German prosecutors brought criminal charges of stock market manipulation against Volkswagen CEO Herbert Diess, former CEO Martin Winterkorn and Chairman Hans Dieter Poetsch in relation to an emissions cheating scandal.
- Jaguar SVO boss: I-Pace SVR ‘will happen’ – Autocar: Hot version of Jaguar”s electric SUV is a certainty, according to the man in charge The boss of Jaguar”s Special Vehicle Operations arm has said it”s a question of “when, not if” the firm builds an SVR version of the I-Pace battery-electric SUV. Michael van der Sande made the admission to Autocar, despite also acknowledging that a timeline and official development plan for the car is not yet in place. SVO is prioritising the roll-out of more volume-focused models. SVO already develops and builds
- Faraday Future announces new business plan – Just-Auto: California-based EV start-up Faraday Future has announced its latest equity financing, IPO, and FF 91 delivery strategy at its annual ‘919 Futurist Day’.
- Honda to ditch diesel in Europe by 2021 – Autocar: Move to hybrid and electric powertrains will kill diesels sooner rather than later for Honda’s EU operation Reports claim that Honda has confirmed it will phase out diesel models in Europe by 2021. According to Reuters, the Japanese company announced yesterday that diesel production will cease during next year in favour of electrified models. This is part of Honda’s commitment to electrify 100% of its European line-up by 2025. The decision is thought to be linked to February’s announcement that
- Ford recalls 322000 cars in Europe over battery fire risk – Automotive News: Ford is recalling about 322,000 cars in Europe whose batteries could potentially catch fire due to acid leakage. The recall affects …
- Audi targets 30% reduction to lifecycle CO2 by 2025 – Just-Auto: Audi is aiming to reduce CO2 emissions by 30% over the vehicle lifecycle by 2025 as part of what it says its commitment to the Paris Climate Agreement.
- Uber receives just a two-month London licence with new safety conditions – Reuters: Uber on Tuesday received only a two-month London operating licence, failing to secure a maximum five-year term in a battle with the regulator which has previously stripped the app of its right to take rides.
- Audi targets 30% reduction to lifecycle CO2 by 2025 | Automotive Industry News – Just-Auto: Audi is aiming to reduce CO2 emissions by 30% over the vehicle lifecycle by 2025 as part of what it says its commitment to the Paris Climate Agreement. related …
- Uber granted two-month extension to London licence – Guardian: Transport for London has instead given the ride-hailing firm only a two-month extension to its licence, which is due to expire on Wednesday night.
- Hyundai to test hydrogen trucks in Israel in 2020 – Xinhuanet: South Korea’s biggest automaker Hyundai Motor will perform a large-scale experiment on hydrogen-powered …
- China’s Tesla Rival Will Cut Global Staff by 20% – Bloomberg: The loss was worse than the average estimate of two analysts, who expected the company known as China’s Tesla to post a loss of 2.6 billion yuan.
- Fiat Chrysler’s EU order to pay Luxembourg back taxes upheld by bloc court – Automotive News: The European Commission in its 2015 decisions said FCA and the U.S. coffee company Starbucks, set prices for goods and services sold between …
- Honda to phase out diesels in Europe by 2021, cut variants – Just-Auto: Honda Motor announced it will phase out diesel cars from its European line-up by 2021, as the popularity of the fuel across the region continues to decline due to emissions concerns.
- FAW launches own ride hailing app in China – Just-Auto: China’s FAW Group joined the highly competition local ride-hailing sector this week with the launch of its own ride-hailing app, called Qimiao Chuxing.
- EU court rules on Starbucks and Fiat tax breaks – CNBC: Fiat will have to repay up to 30 million euros back in taxes, Europe’s second highest court ruled Tuesday. In a separate case, the European general court …
- EU court upholds EU order to Fiat to pay Luxembourg back taxes – Reuters: Europe’s second-highest court on Tuesday backed an EU order to Fiat Chrysler Automobiles to pay up to 30 million euros ($32.9 million) in back taxes to Luxembourg, as part of a crackdown against illegal tax breaks given to multinationals.
- Tech Moguls Get Approval for Israel’s First New Bank in Decades – Bloomberg: … Nacht of cyber security company Check Point Software Technologies Ltd. and Amnon Shashua of autonomous driving developer Mobileye NV.
- Chery to build EVs with Deutsche Post’s StreetScooter – Automotive News: A joint venture between Chery and Deutsche Post will be able to produce up to 100000 electric vans a year for the Chinese logistics industry.
- China’s Tesla Under Mounting Pressure – Bloomberg: It took Tesla Inc. about 15 years to rack up $5 billion in losses. The company some regarded as China’s Tesla did it in four. And the bleeding continues.
- The Driverless Car Is Dead. Long Live the Driverless Car – Bloomberg: A $4 billion joint venture between Hyundai Motor Group and Aptiv Plc to develop autonomous cars might look like evidence that the promised land of …
- Mercedes to follow Toyota NZ’s lead and end discounts? – Autocar: Mercedes-Benz is investigating whether to establish a new sales process that emphasises one set price as well as pushing online sales. It sounds like …
- Tuesday, September 24 – FT: … Peter Campbell explains what a recent settlement with the Securities and Exchange Commission means for Carlos Ghosn and Nissan.
- Elmwood Park, River Grove police: Lexus, lotto tickets stolen – Chicago Tribune: Police reports from Elmwood Park and River Grove include burglary and criminal damage.
- How Carlos Ghosn Hid $140 Million in Compensation From Nissan – Bloomberg: The settlement between the Securities and Exchange Commission, and Nissan Motor Co. and Carlos Ghosn offers a rare glimpse into the steps that …
- Finley: Union, not GM, is exploiting UAW strikers – The Detroit News: If Elizabeth Warren is looking to champion downtrodden workers, she’s not going to find them marching outside an auto plant.
- Haiti legislator fires handgun at protest, photojournalist injured – Reuters: Associated Press photographer Dieu-Nalio Chery was injured in the jaw and would undergo treatment to remove what appeared to be a bullet …
- Honda to cease diesel vehicle sales in Europe by 2021 – Reuters: Honda Motor Co Ltd said on Monday it would phase out all diesel cars by 2021 in favour of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025.
- Elon Musk knew SolarCity was going broke before merger with Tesla, lawsuit alleges – LATimes: When Tesla bought SolarCity in November 2016, Elon Musk billed the deal as a match made in green energy heaven: combine a hot electric car …
- Nintendo’s Mario takes driving seat in race for mobile hit – Reuters: Nintendo Co Ltd is set to bring one of its most successful franchises to mobile for the first time on Wednesday with the global launch of Mario Kart Tour, in a test of the gaming firm’s strategy to drive growth beyond consoles.
Tuesday Morning Auto News, Sep 24, 2019
September 24, 2019 By