- BMW looking to take control of the sales process from dealers – Autocar: Following a pilot project, BMW could be looking to take its direct retail sales model to other markets
- China Credit Pain Worsens as Two State-Linked Firms Default – Bloomberg: Brilliance Auto Group Holdings Co., a Chinese automaker linked to BMW AG, also announced that it has defaulted on 6.5 billion yuan ($987 million)
- Elon Musk Fortune Jumps $15 Billion on Tesla’s S&P Inclusion – Bloomberg:
- Cummins Believes in the Future of Hydrogen. Nikola Stock Is the One That Jumped. – Barrons: The hydrogen economy is essentially a catch-all term for replacing gasoline and diesel fuel with hydrogen gas.
- Interior design and technology – Lexus ES – Just-Auto: The original ES launched the Lexus brand way back in 1989, alongside the LS flagship saloon. Today, the ES is the carmaker’s most popular saloon, having amassed some 2.3 million cumulative global sales.
- Ford targets diesel drivers with new Kuga Hybrid – Autocar: Non-plug-in variant offers a diesel-rivalling 600 miles of overall range
- Scania to plough SEK1bn into Sweden battery plant – Just-Auto: Scania is to invest more than SEK1bn (US$116m) in a battery assembly plant in Södertälje, Sweden.
- Saudi Wealth Fund Cuts US Stock Holdings, Holds On to Uber – Bloomberg:
- Fiat Chrysler shows off its ‘badass’ V8-powered Jeep Wrangler Rubicon 392 – Freep:
- Tesla Is So Huge It May Take Two Steps to Put It in the S&P 500 – Bloomberg:
- Tesla Will Join S&P 500 in December as Largest-Ever New Member – Bloomberg:
- Carlos Ghosn: Ex-Nissan boss fled Japan ‘to escape injustice’ – Autocar: Ghosn believed Japanese legal system was corrupt, continues to proclaim his innocence
- Nio Is the Last Chinese EV Maker to Report Earnings. Can It Outdo Li and XPeng? – Barrons: Now NIO trades for about $45.50 and has a market capitalization exceeding $61 billion
- GM and the UAW meet with Biden and Harris on COVID and economy – Freep:
- Tesla jumps 9%, company to join S&P 500 – Reuters:
- US upgrades safety probe into nearly 159000 Tesla vehicles – Reuters: