- Toyota to restart its last two European manufacturing plants on May 25 and 26 – Just-Auto: Toyota to restart its last two European manufacturing plants on May 25 and 26
- European Uber rival Bolt valued at $1.9 billion as it plans for post-coronavirus recovery – CNBC: Bolt said it raised 100 million euros from Naya Capital, lifting the ride-hailing app’s valuation to 1.7 billion euros.
- Aston Martin confirms Mercedes boss Moers will replace CEO Palmer – Reuters: Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer who stepped down on Monday.
- Nissan and Renault shelve merger plans to repair their alliance – Reuters: Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
- Skoda Volkswagen India resumes production – Just-Auto: Skoda Volkswagen India resumes production | Automotive Industry News
- Kia Rio supermini gains mild-hybrid petrol powertrain – Autocar: New technology is said to improve efficiency, while style updates and interior upgrades are also …
- Skoda Volkswagen India resumes production at both locations – INDIA 2.0 project still on track – Just-Auto: Skoda Volkswagen India resumes production at both locations – INDIA 2.0 project still on track
- Uber to move regional headquarters to Hong Kong from Singapore – Nikkei:
- Musk’s SpaceX set for debut astronaut mission, renewing NASA’s crewed launch program – Reuters: Entrepreneur Elon Musk’s SpaceX is set to launch two American astronauts to the International Space Station on Wednesday from NASA’s Kennedy Space Center in Florida, ending the U.S. space agency’s nine-year hiatus in human spaceflight.
- Jetta offers entry-level mobility in China – Just-Auto: VW says that Jetta, its sub-brand in China, continues to be a well-received option for buyers in China seeking to own a car for the first time. In April, Jetta delivered 13,500 cars to customers.
- BMW 5 Series 2020 facelift to be revealed overnight – Autocar: BMW has previewed the mid-cycle update of its executive saloon, with updated 6 Series GT also to …
- Toyota restarts last two European plants – Just-Auto: Toyota Motor Europe (TME) will resume production at its two remaining manufacturing sites in the Czech Republic and the United Kingdom this week (week commencing May 25), after restarting its other vehicle and component plants in France (Yaris), Poland (engines and transmissions), Turkey (C-HR and Corolla Sedan), the United Kingdom (Deeside engine plant) and Russia (Camry and RAV4) earlier in May and April.
- BRIEF-Rolls-Royce And Daimler Truck AG Plan Cooperation On Stationary Fuel-Cell Systems – Reuters: BRIEF-Rolls-Royce And Daimler Truck AG Plan Cooperation On Stationary Fuel-Cell Systems
- Asset-backed debt: everybody Hertz – FT: Rental car mainstay Hertz Corporation is learning the hard way what … The vast majority of the company’s debt– $15bn– came in the form of lease …
- Volvo Cars secures new credit facilities – Just-Auto: Geely-owned Volvo Car has signed a new 2-year SEK 10,666m revolving credit facility with a 1-year extension option with a group of Nordic banks …
- Uber India cuts 600 jobs amid coronavirus outbreak – Reuters: Ride hailing company Uber Technologies Inc’s Indian arm will cut 600 jobs across functions, as it navigates a strict coronavirus lockdown that has brought businesses to a grinding halt, Uber India President Pradeep Parameswaran said on Tuesday.
- Opinion: What new CEO Tobias Moers will bring to Aston Martin – Autocar: Aston Martin’s DBX at its home, St Athan Andy Palmer has done much for Aston Martin, but amid …
- Suzuki’s profit beats estimate, steps up dividend – Reuters: Suzuki Motor posted its lowest annual operating profit in four years on Tuesday as the coronavirus pandemic hit demand for its cars, but the earnings beat estimates and the Japanese automaker raised its dividend, sending its shares surging.
- Uber-rival Bolt raises 100 million euros – Reuters: Ride-hailing service Bolt said on Tuesday it has raised 100 million euros ($109 million) from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros.
- Opinion: no more excuses for Maserati under new watch – Autocar: PSA ownership could bode well for the Italian brand, but nothing is guaranteed Many major events…
- Uber Rival Bolt Valued at $1.9 Billion After Funding Round – Bloomberg: The Tallinn-based company formerly known as Taxify, a rival to Uber Technologies Inc., received 100 million euros from Naya Capital Management, …
- Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO – Reuters: Daimler AG plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.
