Archives for July 2020

• Jaguar Land Rover parent posts bigger quarterly loss on pandemic hit – Reuters: Jaguar Land Rover parent posts bigger quarterly loss on pandemic hit
• Fiat Chrysler posts lower-than-expected operating loss in second quarter – Reuters: Fiat Chrysler posts lower-than-expected operating loss in second quarter
• VW asks U.S. appeals court to reconsider ruling on diesel emissions updates – Reuters: VW asks U.S. appeals court to reconsider ruling on diesel emissions updates
• China’s EV Makers Target Drivers Who Can’t Afford a Tesla – Bloomberg: China buys more electric vehicles than any other country, and most sales occur in big cities such as Beijing and Shanghai. EV buyers there can afford …
• Fiat Chrysler’s American Resilience Limits Loss to $1.1 Billion – Bloomberg: Fiat Chrysler”s American Resilience Limits Loss to $1.1 Billion
• Thierry Bolloré: the polarising sailor set to captain Jaguar Land Rover – FT:
• An electric SUV, inspired by California’s environment. Is it more than a dream? – LATimes: His start-up electric car company, Fisker Automotive, had gone bust, but he was determined to try again.

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• VW says CEO Diess enjoys full backing from supervisory board – Reuters: VW says CEO Diess enjoys full backing from supervisory board
• Renault-Nissan Alliance Will ‘No Doubt’ Survive, Deputy CEO Says – Bloomberg: Renault-Nissan Alliance Will ‘No Doubt’ Survive, Deputy CEO Says
• Exclusive: Panasonic aims to boost energy density in Tesla batteries by 20% – executive – Reuters: This is the first time Panasonic, a leading cell provider for the world’s top electric vehicle (EV) maker Tesla, has outlined these targets
• Renault handed ‘wake-up call’ with record 7 billion euro loss – Reuters: Renault handed ‘wake-up call’ with record 7 billion euro loss
• Twin storms batter struggling Nissan-Renault-Mitsubishi alliance – Nikkei:
• Visteon posts Q2 net income loss of US$45m – Just-Auto: Visteon posts Q2 net income loss of US$45m
• Uber abandons plan to move Asian HQ to Hong Kong – Nikkei:

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• GM posts quarterly loss due to coronavirus shutdown – Reuters: GM posts quarterly loss due to coronavirus shutdown
• Elon Musk says DeepMind is his ‘top concern’ when it comes to A.I. – CNBC: The Tesla and SpaceX boss made his comments on DeepMind in an interview with The New York Times.
• Aston Martin accounting error caused carmaker to understate 2019 loss – FT: Aston Martin accounting error caused carmaker to understate 2019 loss
• Former Google Engineer Should Get 27 Months in Prison, US Says – Bloomberg: Anthony Levandowski, the autonomous-driving engineer who agreed to plead guilty to stealing … Uber Technologies Inc. recruited Levandowski from Google to run its self-driving project, and later fired him
• Nissan Sees Wider Full Year Operating Loss – Bloomberg: Nissan Sees Wider Full Year Operating Loss
• GM Beats Estimates as High Truck Prices Help Offset Lost Output – Bloomberg: GM Beats Estimates as High Truck Prices Help Offset Lost Output

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• Updated: Mitsubishi freezes introduction of new models for Europe – Autocar: Firm shifts focus to more profitable South-East Asia, suggesting gradual withdrawal from Europe
• Jaguar Land Rover names Thierry Bolloré as CEO – Reuters: Jaguar Land Rover names Thierry Bolloré as CEO
• Nissan sees $4.5 billion annual operating loss as pandemic hinders turnaround efforts – Reuters: Nissan sees $4.5 billion annual operating loss as pandemic hinders turnaround efforts
• Mitsubishi Motors tumbles to all-time low on ‘shocking’ ASEAN sales plunge – Reuters: Mitsubishi Motors tumbles to all-time low on ‘shocking’ ASEAN sales plunge
• Dwindling cash saps Nissan’s ability to rebuild post-Ghosn lineup – Nikkei:
• Here are the biggest analyst calls of the day: Shopify, Tesla, Alphabet & more – CNBC: Here are the biggest analyst calls of the day: Shopify, Tesla, Alphabet & more

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• Analysis: How the Ariya is leading Nissan’s fightback – Autocar: Newly unveiled Ariya will go on sale in 2021 as a Volkswagen ID 4 rival
• BMW 5 Series to Go Electric as CEO Pledges Bolder Climate Push – Bloomberg: BMW AG will make electric versions of its popular 5 Series … per car by at least a third by 2030, and track progress via raw material sourcing, … BMW wants a third of its cars sold in Europe to be electric by 2025
• BMW to offer fully electric 5-series in emissions push – Reuters: BMW to offer fully electric 5-series in emissions push
• BMW to reduce CO2 emissions per vehicle by one third by 2030 – Xinhua | English.news.cn – Xinhuanet: BMW to reduce CO2 emissions per vehicle by one third by 2030
• Column: Tesla boss Musk’s desire for more nickel could be a non-starter – Reuters: Column: Tesla boss Musk’s desire for more nickel could be a non-starter

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• Tesla takes Rivian to court over alleged stolen information – Autocar: Rivian is set to start building its range of electric SUVs next year EV giant accuses start-up…
• Volkswagen Tiguan X: coupe SUV leaked in Chinese patents – Autocar: Coupe version of VW”s popular Tiguan will be launche…
• Chinese Electric Cars Use Aggressive Pricing to Undercut Tesla – Bloomberg: Chinese Electric Cars Use Aggressive Pricing to Undercut Tesla.
• Xi stresses building strong domestic automobile brands – Xinhuanet: Xi was visiting the R&D headquarters of automaker FAW Group in Changchun City during his inspection tour in northeast China’s Jilin Province.
• Hertz to pay lenders $650 million to resolve dispute over fleet reduction – Reuters: Hertz Global Holdings Inc said on Friday it has reached an … court fight over the company’s plan to reduce its leased fleet of rental cars.
• Mercedes-Benz creates new unit for drive systems – Just-Auto: Daimler is grouping all drive system expertise across the group in a new unit called Mercedes-Benz Drive Systems.
• Ford Romania plant back on three shifts – Just-Auto: Employees at the Ford factory in Craiova, southern Romania, returned to three shift working this week.
• Radioplayer launches with Volvo and Polestar on Android Auto – Just-Auto: Radioplayer, a non-profit radio platform backed by major broadcasters around the world, has been chosen as a launch partner for Geely Automotive’s Volvo Cars’ Polestar 2 which has the first infotainment system powered by the Android Automotive operating system.
• Ex-Tesla and Aston Martin engineer Chris Porritt joins Rimac – Autocar: Ex-Tesla and Aston Martin engineer Chris Porritt joins Rimac
• BMW’s X5 SUV Will Get a Hydrogen Fuel-Cell Version in 2022 – Bloomberg: (Bloomberg) –. BMW AG will make a version of its X5 SUV that runs on hydrogen fuel-cells
• The Electric Car Atop Europe’s Sales Charts Isn’t a Tesla or VW – Bloomberg: The Electric Car Atop Europe”s Sales Charts Isn”t a Tesla or VW
• Tesla’s China Rival WM Motor Considers Star Board IPO – Bloomberg: Tesla”s China Rival WM Motor Considers Star Board IPO
• EV Maker Via Motors Is Said to Seek Funding at $1 Billion Value – Bloomberg: “We have seen the market respond dramatically to such entrants as Tesla, Rivian and Nikola and now working trucks and vans just got a lot smarter.”
• Tesla Stock Will Go to Mars Before SpaceX, Says S3 Partners Founder – Bloomberg: “Elon Musk is the lead actor in the biggest financial soap opera that’s ever been. He makes roofs, rockets and cars, and it’s a controversial bet..
• New BMW X7 Dark Shadow edition is ultra-exclusive special – Autocar: Only 500 examples of this special-edition luxury SUV will be built, with 10 heading to the UK

• New Mercedes EQE electric SUV seen for the first time – Autocar: Mercedes-Benz is testing what appears to be a crossover version of the 2022 EQE, set to join the …
• Ford secures £500 million loan guarantee from UK government – Autocar: Loan will boost exports and EV investment and “secure thousands of British jobs” Th…
• Audi chief sees pre-COVID-19 sales only by 2022/23 – Just-Auto: Volkswagen Group luxury car unit Audi expects car sales to reach pre-COVID-19 levels only by 2022 or 2023, chief executive Markus Duesmann told a German business newspaper.
• AutoNation profit jumps on lower expenses, gain in Vroom investment – Reuters: U.S. auto dealer chain AutoNation Inc (AN. … Chief Executive Mike Jackson told Reuters that retail demand for vehicles recovered …
• Tesla’s ‘Home-Run Quarter’ Leaves Even the Bears Praising Elon Musk – Bloomberg: Tesla”s ‘Home-Run Quarter” Leaves Even the Bears Praising Elon Musk
• Elon Musk’s Dodger Stadium Tunnel Was Supposed to Be Ready By Opening Day – Bloomberg: … to whisk baseball fans to the team’s stadium in minutes using an electric-car filled tunnel, built by Elon Musk’s Boring Co. It would be ready, he said, …

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