Archives for October 2019

• New Volkswagen ID concept to make debut on 19 November – Autocar: Latest addition to Wolfsburg”s EV family is likely to be based on the luxurious Vizzion saloon Vo…
• FCA in merger talks with French automaker Peugeot – Freep: A FCA-Peugeot merger would create the world’s fourth-largest automaker.
• Italy’s FCA, France’s PSA could announce tie-up accord as soon as Thursday – source – Reuters: Fiat Chrysler and PSA could announce a tie-up agreement as soon as Thursday, a source close to the situation said on Wednesday.
• FCA-PSA merger would revitalize Fiat in Europe – Automotive News: FCA-PSA merger would revitalize Fiat in Europe
• Why Electric-Powered Airplanes Are Headed for Takeoff – Washington Post: s groundbreaking Prius hybrid car did for the roads. … As with cars, the carbon footprint of a hybrid-electric plane depends on how … To contact the reporters on this story: Benedikt Kammel in Berlin at [email protected];Oliver …
• Why PSA would benefit from tie-up with FCA – Automotive News: PSA Group has lagged a bit on developing self-driving cars, as Tavares has worked to shore up the company’s balance sheet since taking over in …

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• UAW strike cost GM about $3.8 billion for 2019, substantially higher than estimated – CNBC: The 40-day strike lasted from Sept. 16 until Friday, when a majority of the union’s 48,000 members approved a new four-year deal. It was the longest national walkout against the automaker since a 67-day strike in 1970.
• GM shows profit of $3 billion in third quarter despite strike – Freep: The company had plenty of inventory when the UAW went on strike Sept. 16.
• GM, FCA sides with Trump in legal fight with Calif. over gas emissions, fuel standards – Freep: GM, FCA sides with Trump in legal fight with Calif. over gas emissions, fuel standards
• AutoNation profit beats on higher used vehicle sales – Reuters: AutoNation Inc (AN.N) reported a better-than-expected quarterly profit on Tuesday, as higher demand for used vehicles helped the largest …
• New Volvo infotainment system “as good as a smartphone” – Autocar: XC40 Recharge is Volvo’s first fully electric model Google-developed software used in the new X…
• GM hustles to get parts to dealers as customers await repairs – Freep: GM hustles to get parts to dealers as customers await repairs

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• VW Finance Chief Outlines Road Map for $222 Billion Ambition – Bloomberg: The company has been weighing options for the Lamborghini unit, including a sale or a stock listing, people familiar with the matter said this month.
• Hope Springs Eternal for Lyft and Uber Investors – Wall Street Journal: Rough public waters seem to have ride-hailers and their investors reaching for virtually any kind of flotation device-even one riddled with holes.
• Skoda boss plays down plans to reposition maker as budget brand – Autocar: Skoda boss Bernhard Maier has played down reports that Volkswagen Group bosses want the Czech brand …
• Symbio to equip Renault electric utility vehicles with hydrogen range-extender – Just-Auto: Symbio to equip Renault electric utility vehicles with hydrogen range-extender
• Volvo Cars reports third quarter 2019 results | Automotive Industry News – Just-Auto: Volvo Cars reports third quarter 2019 results | Automotive Industry News
• Porsche and SAP announce strategic partnership – Just-Auto: Porsche and SAP say they have sealed a new strategic partnership.

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• Carlos Ghosn Wants to See Prosecutors’ Files. Nissan Says No. – New York Times: In the year since the Japanese authorities arrested Carlos Ghosn, the fallen Nissan boss, prosecutors have seized laptops, hard drives and …
• China’s new Great Wall rises in the heart of Europe – Nikkei:
• Daimler Pledges Savings to Counter Electric Costs, Diesel Risks – Bloomberg: Daimler AG pledged to intensify efforts to cut costs and conserve cash as lingering emissions investigations collide with mounting expenses for the …
• Daimler third-quarter operating profit down 8% on weaker car and truck sales – Reuters: Daimler third-quarter operating profit down 8% on weaker car and truck sales
• Ford Q3 earnings fall 57% amid restructuring; 2019 guidance lowered – Automotive News: Ford Q3 earnings fall 57% amid restructuring; 2019 guidance lowered
• Ford Q3 profits slip and outlook cut – Just-Auto: Analysts and investors were left disappointed by a set of Ford financial results for the third quarter which showed lower profitability as the company was hit by losses incurred in regions around the world, especially China.

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• VW’s $50 billion bet on the ID3 – Automotive News: VW’s $50 billion bet on the ID3
• Croatia reportedly eyes VW plant too – Just-Auto: Croatia wants to persuade Volkswagen to build its planned new EUR1.3bn (US$1.45bn) factory in the Adriatic country, after the German car maker said it was putting on hold its final decision to build the facility in Turkey, local media reported.
• Nissan looks to get leaner, may axe Datsun brand, report says – Automotive News: The automaker”s “performance recovery plan” marks a sharp break from its expansionist strategy under ousted leader Carlos Ghosn, Reuters reports.
• Honda to electrify European lineup by 2022, not 2025 – Autocar: ‘e:Technology’ branding will be used on all electrified models as rollout brought forward by three…
• Lexus plans battery EV launch in 2020 – Just-Auto: Toyota Motor’s luxury Lexus will launch its first all battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop zero emissions vehicles, the head of the brand said on Wednesday.

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