- 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:
- Jordi Vila to head marketing and sales for Nissan in Europe – Just-Auto: Jordi Vila to head marketing and sales for Nissan in Europe
- Daimler Trucks & Buses has new sales/marketing chief – Just-Auto: Daimler Trucks & Buses has new sales/marketing chief
- Test a Tesla or Buy a Bolt With Help From Your Electric Company – Bloomberg: Power companies are loaning out Teslas in Washington, electrifying bus fleets in Virginia and lobbying for electric vehicle tax credits
- General Motors: age of Ultium – FT: General Motors: age of Ultium FT Alphaville
- China’s EV startups race for IPOs amid industry shake-up – Nikkei: Beijing-based Li Auto will make an initial public offering on Nasdaq
- Japan automakers post 21% slump in June global sales – Reuters: Global sales of Japanese automakers slumped 21.3% on-year in June
- Volkswagen posts $940 million first-half loss and cuts dividend as pandemic hammers sales – CNBC: Volkswagen has reported an operating loss of 800 million euros ($940 million) for the first half of 2020 and cuts its dividend
- VW cuts dividend as first-half profits plunge on pandemic sales drop – Reuters: VW cuts dividend as first-half profits plunge on pandemic sales drop
- Volkswagen sinks to €1.4bn loss as pandemic knocks car sales – FT: Volkswagen sinks to €1.4bn loss as pandemic knocks car sales
- Renault Reports Record $8 Billion Loss – Bloomberg: Renault Reports Record $8 Billion Loss
- Chinese Electric SUV Maker Li Auto Raises $1.1 Billion in IPO – Bloomberg: A representative for Li Auto declined to comment. The company joins other electric-vehicle makers in tapping the U.S. capital market.
- New Genesis G70 estate tests ahead of brand’s Europe launch – Autocar: Hyundai’s luxury arm is adding a Shooting Brake version of its BMW 3 Series rival,
