Sorry for the server outage that delayed the Wednesday Morning Autonews. Here it is in full splendor.
- Volvo Cars to integrate Luminar lidar in next generation car platform – Reuters: Volvo Cars to integrate Luminar lidar in next generation car platform
- S.Korea to fine Mercedes-Benz, Nissan, Porsche for rigging emissions data – Xinhua | English.news.cn – Xinhuanet: S.Korea to fine Mercedes-Benz, Nissan, Porsche for rigging emissions data
- Volvo Says Virus Won’t Slow Its Rollout of Self-Driving Car Tech – Bloomberg: Volvo Says Virus Won”t Slow Its Rollout of Self-Driving Car Tech
- GM Rises on Surging Pickup Sales Giving Barra Breathing Room – Bloomberg: GM Rises on Surging Pickup Sales Giving Barra Breathing Room
- Uber to cut 3,700 full-time jobs; CEO to waive base salary – Reuters: Uber Technologies Inc said on Wednesday it will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will waive his base salary for the remainder of the year.
- General Motors ekes out $294 million profit in the first quarter despite crippling production and sales from coronavirus – CNBC: The Covid-19 outbreak cut deeply into GM’s performance, costing the largest U.S. automaker $1.4 billion before taxes during the first three months.
- China’s Geely reports 2% rise in April sales as market rebounds – Reuters: China’s Geely Automobile Holdings Ltd said on Wednesday that it sold 105,468 vehicles in April, 2% higher than the same period last year, as world’s biggest auto market recovers from the coronavirus.
- VW hails speed of car sales recovery in China – FT: VW hails speed of car sales recovery in China
- VW sees multi-speed coronavirus rebound led by China – Reuters: … * China demand up year-on-year in final week of April. * Bentley, Porsche, Audi see sales rise in Q1 in China. * Global recovery uneven; demand …
- Ford restarts European factories – Just-Auto: Ford said vehicles again were rolling off production lines at factories in Germany, Romania and Spain following a seven week production suspension in response to the COVID-19 crisis.
- Nio EV SUV sales surge in April – Just-Auto: Chinese premium EV SUV maker Nio said April 2020 sales rose 181.7% year on year to 3,155 vehicles, a growth of 105.8% month over month.
- BYD sets out European EV expansion strategy – Just-Auto: BYD sets out European EV expansion strategy | Automotive Industry News
- Hyundai Motor sales down 57% amid coronavirus pandemic – Reuters: South Korea’s Hyundai Motor said on Wednesday its provisional April sales fell 57% on year to 159,079 vehicles globally, as the coronavirus pandemic and efforts to curb its spread sharply contracted auto demand and dealership traffic.
- SAIC Motor sees sales boom during May Day holiday – Xinhua | English.news.cn – Xinhuanet: SAIC Motor sees sales boom during May Day holiday
- BMW Warns of Virus Profit Slump – Bloomberg: BMW Warns of Virus Profit Slump
- BMW reports first-quarter profit rise as coronavirus saps demand – Reuters: BMW AG on Wednesday reported a 133% rise in first-quarter profit, due to the absence of a one-off provision in the year-earlier period, but said the impact of the coronavirus could erode demand and profit.
- GM investors want to know how much more coronavirus pain remains – Reuters: GM investors want to know how much more coronavirus pain remains
- Uber rival Bolt aims to launch scooters in 45 cities – Reuters: Estonian ride-sharing service Bolt on Wednesday launched its own electric scooter model and said it aims to launch the scooter service in more than 45 cities this summer.
- Inside the Airbus Factory That’s Now Making Ventilators – Bloomberg: … said Dick Elsy, a former Jaguar Land Rover engineer and head of the U.K.’s manufacturing research centers initiative who leads the consortium.
- GM tells UAW members its planned date to begin factory restarts – Freep: GM tells UAW members its planned date to begin factory restarts
