- Apple, Tesla Could See Significant Pullbacks, Says Miller Tabak – Bloomberg: Matt Maley, chief market strategist at Miller Tabak, discusses a stock split by Apple Inc. and Tesla Inc. on “Bloomberg Technology.”
- Ford to Cut 1,000 North America Salaried Jobs Amid Overhaul – Bloomberg:
- FCA’s ‘menacing’ Dodge Charger Hellcat Redeye goes 203 mph, will start at $80K – Freep: New prices just revealed for 2021 Dodge Charger lineup, ranging from $31,490 to $80,090.
- Scoop: Jennifer Jarrett out at Uber – Axios: Jennifer Jarrett is leaving Uber, which she joined in early 2019 as head of corporate development and capital markets.
- Elon Musk Is Now Richer Than Mark Zuckerberg – Bloomberg: Elon Musk is the third-richest person in the world — at least for the moment. Musk passed Facebook Inc. co-founder Mark Zuckerberg .
- Buy Virgin Galactic Stock, Analyst Says. Space Tourism Will Attract Repeat Buyers. – Barrons: This Is What SpaceX Could Be Worth. SpaceX’s makes the company difficult to value. Continue reading. only once won’t satisfy armchair astronauts.
Archives for August 2020
Monday Morning Auto News, Aug 31, 2020
Friday Morning Auto News, Aug 28, 2020
- Tesla loses ground in Europe despite a local surge in EV purchases post-lockdown – Fortune: Tesla loses ground in Europe despite a local surge in EV purchases post-lockdown
- Porsche Taycan Cross Turismo delayed due to demand for saloon – Autocar: The estate version of Porsche”s first electric car will now arrive in early 2021
- Indonesia sees record new coronavirus cases; clusters at factories – Reuters: On Friday, Suzuki Indonesia said in a statement that it would remain at reduced capacity until conditions were safe.
- US attorney sets end-of-year goal for UAW reforms, wants union to run itself – Freep: U.S. Attorney Matthew Schneider said he doesn’t want to run the UAW, and that reform talks have gone well. Ford and FCA remain under investigation.
- China’s top pickup truck maker Great Wall posts 24.5% profit fall – Reuters: China’s top pickup truck maker Great Wall posts 24.5% profit fall\
World’s Largest Automakers: Volkswagen edges past Toyota
As stated last month, “the dynamics currently favor the Germans,” and the dynamics are pushing Volkswagen past Toyota as we go into the second half of the year. If we charitably assume that Volkswagen’s “deliveries” are equal to Toyota’s “production,” the Germans now are some 60,000 units ahead of the Japanese. The Renault-Nissan-Mitsubishi Alliance did not start for this round. Come hell or low numbers, Renault is observing its sacrosanct summer holidays, and July numbers will be published in a month, when everybody is back, tanned and rested.
Volkswagen and Toyota are slowly coming out of their virus-induced slump. Year-to-date, both are down 24% and 26% respectively, but the July numbers are beginning to look respectable again, especially at Volkswagen, where July deliveries were only 0.2% below July 2019. Toyota still has slight sniffles, its July output is 14% below the same month of the prior year, still a big improvement over the previous months.
As for the alleged Alliance, it’s probably prudent for them to avoid bright sunlight. January to July, both Nissan’s and Mitsubishi Motors’ production were close to 40% below last year’s numbers.
Thursday Morning Auto News, Aug 27, 2020
- Honda to launch first mass-produced electric car in October – Nikkei:
- Ford explores automated valet parking solution – Just-Auto: Ford Motor Company, Bedrock and Bosch are launching a demonstration project with connected Ford Escape test vehicles that can drive and park themselves inside Bedrock’s Assembly Garage in Detroit using Bosch smart infrastructure.
- Panasonic develops intelligent rear-view mirror for Nissan – Just-Auto: Panasonic has developed jointly with Nissan Motor Corporation what it describes as a high-performance electronic mirror for driver safety.
- BorgWarner to supply EGR modules for FCA mild hybrids – Just-Auto: BorgWarner supplies its exhaust gas recirculation (EGR) technology to the latest FireFly gasoline engine, which was developed for the Fiat 500 and Panda hybrid models.
- SoftBank, Toyota venture unveils van with enhanced airflow as COVID-19 measure – Reuters: SoftBank, Toyota venture unveils van with enhanced airflow as COVID-19 measure
- Honda to launch first mass-produced electric vehicle in October – Nikkei:
- Honda goes small with first all-electric car – Reuters: Honda goes small with first all-electric car
- EV Stocks Are On Fire, and Tesla Stock Is Worth $400 Billion. – Barrons: EV Stocks Are On Fire, and Tesla Stock Is Worth $400 Billion.
- An invisible valet can park the cars in this high-tech garage – Axios: Lidar sensors on the ground communicate over wifi with the Ford Escape’s embedded modem, which issues commands to the steering and braking
Wednesday Morning Auto News, Aug 26, 2020
- GM, Ford coronavirus U.S. ventilator projects close in on their finish lines – Reuters: GM, Ford coronavirus U.S. ventilator projects close in on their finish lines
- Morgan Stanley upgrades Nio, says electric car stock could jump another 15% – CNBC: Morgan Stanley upgrades Nio, says electric car stock could jump another 15%
- Wednesday’s analyst calls: Tesla, Roku, Apple, Nikola, Shopify & more – CNBC: Wednesday’s analyst calls: Tesla, Roku, Apple, Nikola, Shopify & more
- Maruti Suzuki Expects Sales To Rebound In Second Half Of FY21 – Bloomberg: Maruti Suzuki Expects Sales To Rebound In Second Half Of FY21
- Porsche expands subscription service in NA – Just-Auto: With an increased focus on consumer choice in an age of new mobility models, Porsche Cars North America, Inc. (PCNA) has introduced a monthly Single-Vehicle Subscription (SVS) program in Los Angeles, Atlanta, Phoenix, and San Diego.
- Last of the non-turbo hot hatches: Suzuki Swift Sport vs naturally aspirated rivals – Autocar: The old Swift Sport was the last atmo hot hatch standing. We gave it a last hurrah
Tuesday Morning Auto News, Aug 25, 2020
Due to technical difficulties (fixed) this issue is two hours late, and comes with four hours of apologies ….
- Fiat Chrysler, led by Ram, leapfrogs Ford in customer satisfaction; GM drops in survey – Freep: Fiat Chrysler, led by Ram, leapfrogs Ford in customer satisfaction; GM drops in survey
- Tesla Model Y in China available for preorder – Xinhua | English.news.cn – Xinhuanet: Tesla Model Y in China available for preorder
- Electric 2021 Polestar 2 arrives as one of the year’s best, most advanced new cars – Freep: The four-door fastback from Volvo’s performance and tech brand is loaded with advanced features and performs like a first-rate sport sedan.
- GM transfers in salaried workers to fill holes at pickup plant, drawing ire of UAW – Freep: GM transfers in salaried workers to fill holes at pickup plant, drawing ire of UAW
- Tesla plots Model 3 hatchback to rival Volkswagen ID 3 – Autocar: Tesla plots Model 3 hatchback to rival Volkswagen ID 3
- Tata Motors says it will significantly reduce $6.4 billion debt over three years – Reuters: Tata Motors says it will significantly reduce $6.4 billion debt over three years
Monday Morning Auto News, Aug 24, 2020
- Joel Greenblatt on Tesla: ‘I really can’t explain it’ – CNBC: Joel Greenblatt on Tesla: ‘I really can’t explain it’
- Hyundai in partnership to develop hydrogen extraction technologies – Just-Auto: Hyundai Motor has announced a new partnership with the Commonwealth Scientific and Industrial Research Organization (CSIRO) and Fortescue Metal Group Ltd to co-develop new technologies for the extraction of hydrogen from ammonia.
- Tesla Stock Splits This Week. Get Ready for Potentially Wild Trading. – Barrons: Tesla Stock Splits This Week. Get Ready for Potentially Wild Trading.
- New BMW X1 hits the road in disguise ahead of 2022 launch – Autocar: New BMW X1 hits the road in disguise ahead of 2022 launch
- Toyota launches car leasing in India – Just-Auto: Toyota has launched a car-leasing business in India earlier this month targeting growing demand for vehicle rentals.
- Mercedes-Benz activates more than 50,000 Mercedes me adapters – Just-Auto: Mercedes-Benz activates more than 50,000 Mercedes me adapters | Automotive Industry News
Friday Morning Auto News, Aug 21, 2020
- Uber Ex-Security Chief Charged With Covering Up Data Hack – Bloomberg: Uber Technologies Inc. former chief security officer Joseph Sullivan was charged with covering up a 2016 data breach.
- Appeals court grants Uber and Lyft a temporary reprieve in case over driver classification – CNBC: Top executives at Uber and Lyft both said last week they’d likely have to suspend service in the state to comply with the injunction.
- Tesla Stock Is Unstoppable. What Could Be Going on. – Barrons:
- Rolls-Royce reveals new Dawn Silver Bullet special edition – Autocar: Limited edition two-seater features styling details and materials inspired by 1920s roadsters
- Toyota sees higher vehicle output in Japan in September – Reuters: Toyota sees higher vehicle output in Japan in September
- Uber’s Latest Dramas Echo Its Controversial Startup Days – Bloomberg: Right now Lyft’s drivers in California are independent contractors.