- Daimler to cut 1,100 managing positions worldwide – Sueddeutsche Zeitung – Reuters: Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company’s works council.
- Volvo launches free electricity offer for UK PHEV buyers – Autocar: Volvo XC40 plug-in hybrid Customers will be offered cash incentive to use Swedish firm’s plug-i…
- UAW, Ford change tentative deal, giving bigger raises to nearly 10,000 workers – Freep: Ford and the UAW identified a “glitch” and changed the tentative agreement language to offer a bigger pay raise to nearly 10,000 in-progression workers.
- Pompeo says NATO needs to change, or risk becoming obsolete – Reuters: NATO needs to grow and change or else the alliance runs the risk of becoming obsolete, U.S. Secretary of State Mike Pompeo said on Friday.
- Canada’s Magna cuts 2019 outlook as GM strike weighs – Reuters: Canada’s Magna cuts 2019 outlook as GM strike weighs
- PSA-FCA will not need to kill brands after merger, Tavares says – Automotive News: PSA Group and Fiat Chrysler Automobiles have no plans to scrap any of their brands following their merger, PSA CEO Carlos Tavares told a …
- Tesla’s First-Mover Advantage Over Rival Car Makers Should Only Get Bigger – Barrons: Which brings us to Tesla (TSLA) and traditional carmakers. The transition from internal-combustion-engine (ICE) cars to electric vehicles (EV) is not …
- Fiat Chrysler chairman says ‘great opportunities’ from Peugeot tie up – Reuters: Italian carmaker Fiat Chrysler will be able to “seize great opportunities” from a merger with Peugeot owner PSA , its chairman John Elkann said on Friday.
- Volvo launches new double-decker in 2020 – Just-Auto: The Volvo 9700 DD is powered by the Volvo D11K460, Volvo’s 11-litre 460 hp engine that is certified to run on diesel, HVO and B100 biodiesel.
- New PSA-Fiat Chrysler management to try to improve cost savings – PSA CEO – Reuters: The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal and management will target improvements over time, PSA’s chief executive told French BFM Business radio on Friday.
- Audi to launch more than 9 electrified models in China – Automotive News: VW Group CEO Herbert Diess said on Friday that trial production has started at VW’s and SAIC Motor’s $2.5 billion electric vehicle factory in Shanghai.
- China Car Sales Keep Plunging as Peak Season Fails to Deliver – Bloomberg: China’s car-market gloom continued in October as the … Chongqing Changan Automobile Co., a local partner of France’s PSA Group, …
- Honda Unveils $915 Million Buyback as It Cuts Outlook – Bloomberg: Honda Unveils $915 Million Buyback as It Cuts Outlook
- European Commission chief says Trump won’t impose auto tariffs on EU – Automotive News: Matt Blunt, who heads a trade group representing General Motors, Ford, and Fiat Chrysler Automobiles, said on Thursday the group remains “opposed …
- Suzuki rethinks promise of India’s auto market, and it is not alone – Reuters: Suzuki Motor Corp said it was no longer gung-ho about India’s auto market, the world’s fourth-largest, where it has seen relentless growth in the past seven years. And the parent of the country’s biggest car maker is not alone.
- Jaguar will let anyone thrash an F-Pace – Autocar: Jaguar will let anyone thrash an F-Pace NZ
- Volkswagen’s Shanghai EV plant with SAIC has started trial production -VW CEO – Reuters: Trial production has started at Volkswagen AG’s (VW) and SAIC Motor Corp Ltd’s $2.5 billion electric vehicle (EV) factory in Shanghai, VW’s chief executive said on Friday, the latest development in the race to sell EVs in China.
- Report on Uber crash questions testing of self-driving cars – The Detroit News: Documents released this week raise questions about whether a self-driving Uber SUV that ran down a pedestrian should have been allowed on public roads
- China automaker Geely sells over 1 mln cars in Jan.-Oct. – Xinhua | English.news.cn – Xinhuanet: China automaker Geely sells over 1 mln cars in Jan.-Oct.