- Carlos Ghosn intimates Japanese collaborators aided his escape – Nikkei: Carlos Ghosn intimates Japanese collaborators aided his escape
- Toyota invests US$400m in US ‘flying taxi’ company – Just-Auto: Toyota Motor announced plans to invest US$394m in Joby Aviation, a California-based developer of ‘flying taxis’, as it looks to expand further into mobility services to help meet evolving personal transportation requirements globally.
- Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – Reuters: Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd , two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market.
- Foxconn May Be About to Prove Elon Musk Wrong – Bloomberg: “Cars are very complex compared to phones or smartwatches,” he told German … “You can’t just go to a supplier like Foxconn and say: Build me a car.
- Lada sales in Russia edged up in 2019 – Just-Auto: AvtoVAZ’s Lada brand sold 362,356 cars in Russia in 2019 – a gain of 1% on the previous year (and in a market that was down by 2.3%). Lada says its market share in all light vehicles increased from 20.0% to 20.6%.
- Tesla CEO Elon Musk Inches Closer to $350 Million Bonus as Electric Carmaker’s Share Price Soars – Bloomberg: Tesla CEO Elon Musk Inches Closer to $350 Million Bonus as Electric Carmaker’s Share Price Soars
- Subaru targets 11% rise in global output in 2020 – Just-Auto: Subaru Corporation is targeting an 11% increase in global vehicle production to a record 1.1m vehicles in 2020 from 987,000 units last year, driven by strong demand in the US and a rebound in domestic output.
- Volkswagen China sales lifted by new SUVs in 2019 – Just-Auto: Volkswagen China sales lifted by new SUVs in 2019
- New Ford Galaxy and S-Max hybrids arriving in 2021 – Autocar: Firm invests £36 million in its Valencia factory to produce batteries for new electrified M…
- GM upgrades Spring Hill engine plant – Just-Auto: General Motors plans to invest USD40m in its Spring Hill Global Propulsion Systems (GPS) plant, in Tennessee, to increase capacity of the 5.3L V8 engines for its full-size truck and SUV programs.
- Renault expects slight 2020 car market decline in Europe, Russia and China – Reuters: Renault said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed.
- Renault reports 3.4% fall in 2019 global sales as China weighs – Reuters: Renault reports 3.4% fall in 2019 global sales as China weighs
- China’s Great Wall agrees to buy General Motors’ India plant – Reuters: Chinese automaker Great Wall Motor has agreed to buy General Motors’ (GM) car plant in Maharashtra, two sources aware of the matter said, setting in motion its plan to build cars in the country.
- Skoda to expand Octavia vRS lineup with hot PHEV – Autocar: Skoda to expand Octavia vRS lineup with hot PHEV
- Tesla New Car Registrations Rise Again in China Despite Slowdown – Bloomberg: Tesla Inc.’s new car registrations climbed again in China last month to the highest since March despite a slowdown in the wider auto market.
- Land Rover Discovery Sport – Autocar: Can the overhauled Discovery Sport revitalise Land Rover’s fortunes? Jaguar Land Rover has been i…
Friday Morning Auto News, Jan 17, 2020
January 17, 2020 By