- Elon Musk has lost $41 billion in 13 days as market sours on EV – Fortune
- Usage of Elon Musk’s X is ‘down by every measure’ one year after his takeover – Businessinsider
- Toyota set to ride robust demand, weak yen to bumper profit – Reuters
- Big gains for UAW will boost many budgets but is there a domino effect? – Freep
- Stellantis says UAW, Unifor strikes cost it $3.2B in revenue – The Detroit News
- Stellantis says it is least hit by auto strikes – Reuters
- Toyota’s global sales, output climb to record – Automotive News
- Why Cruise Self – Driving Pause May Be Setback for Whole Industry – Wall Street Journal
- FirstFT: Counting the cost of the US car strikes – FT
- VW plans 2024 launch for ID7 Tourer, its first electric wagon – Automotive News
- Tesla’s enduring power is even clearer after the EV competition in Detroit falls flat – Businessinsider
- Berkshire Hathaway sells $25.8 mln worth of shares in China’s BYD – Reuters
- Volvo Cars to build EX30 in Ghent from 2025 – Just-Auto
- Stellantis plans low-cost EV brand with Leapmotor – Automotive News
- Renault had ‘friendly’ discussions with Chinese investment bank – Reuters
- How NASA plans to change moon landings with Blue Origin’s help – Washington Post
- Winners and losers of the UAW talks with GM, Ford and Stellantis – CNBC
Archives for October 2023
Tuesday Morning Auto News, Oct 31, 2023: Elon Musk lost $41 billion in 13 days. Usage of Musk’s X way down. Robust demand, weak yen spell big Toyota profits. More.
Monday Morning Auto News, Oct 30, 2023: Toyota posts record global output, sales in April-Sept. period. Fidelity marked down Twitter/X by 65%. BYD reports record Q3 profit. More
- Toyota posts record global output, sales in April-Sept. period – Mainichi
- Fidelity has marked down the value of Twitter/X by 65% – Axios
- China EV maker BYD reports record quarterly profit of $1.42 bln in Q3 – Reuters
- Elon Musk’s Twitter Takeover review – the billionaire is laughably grandiose at times – Guardian
- Panasonic EV Batteries Tumble to Loss on Tempered Tesla Demand – Bloomberg
- Geely’s statement on EU anti-subsidy probe on EVs – Just-Auto
- Land Rover’s EV Defender will be built in Slovakia – Just-Auto
- Jidu launches AI-based robocar in China – Just-Auto
- Toyota achieves record first-half sales, output – Automotive News
- Canadian auto union initiates national strike at Chrysler-parent Stellantis – CNBC
- California Governor Gavin Newsom Wraps Up China Trip With Tesla Factory Visit – Bloomberg
- GM’s biggest bets are running out of juice – Axios
World’s Largest Automakers, 3 Quarters 2023: Dynamic dinosaurs
According to strident prognostications of Tesla-boosters, world’s largest automakers are just about bankrupt. However, legacy dinosaurs show no signs of rolling over, and the desperate predictions are being ignored.
Toyota Group is firing on all cylinders, literally. Despite its BEV-skepticism, Toyota Group is far ahead of its contenders, and it might even break the 11-million-unit barrier when the year is over. September also marked the end of the first half of Toyota’s current discal, and the group recorded record output and sales for the period.
Ignoring the gloom&doom reports in the media, Volkswagen Group, up nearly 11% for the year, looks surprisingly sprightly.
Hyundai Group continues its steady climb upwards.
Friday Morning Auto News, Oct 27, 2023: Hertz says Teslas are a bad deal. Feds investigate GM Cruise crashes. Cruise suspends driverless cars. More.
- GM’s Cruise Halts Robotaxi Fleet After California Suspension (1) – Bloomberglaw
- US auto safety agency investigating two new GM Cruise crash reports – Reuters
- Hertz pulls back on EV plans citing Tesla price cuts, high repair costs – CNBC
- Tesla Faces Self – Driving Challenger as Geely and Baidu Launch EV – Bloomberg
- Elon Musk and Linda Yaccarino Attended X’s First All-Hands Remotely – Businessinsider
- Bad vibes are rippling through the EV market – Axios
- The Consequences of Elon Musk’s Ownership of X – New York Times
- Twitter’s first year under Elon Musk – Fortune
- How Elon Musk Changed the Meaning of Twitter for Users – New York Times
- UAW- Ford settlement: Will workers ratify the deal? – Axios
- AutoNation Profit Beats Estimates as New-Car Sales Rebound – Bloomberg
- Apple, Tesla, Other ‘Magnificent 7’ Stocks Lost $1.2T in Value Since July – Businessinsider
- AutoNation: Q3 Earnings Snapshot – Washington Post
Thursday Morning Auto News, Oct 26, 2023: Ford, UAW have a deal. BMW moves closer to lower-cost battery cells. VW lags. More.
- Ford, UAW negotiators reach labor deal – Reuters
- BMW Moves Closer to Developing Lower-Cost Battery Cells – Bloomberg
- Volkswagen lags behind profitability targets in Q3 – Reuters
- Nissan to lean on Alliance as EVs bloom: CEO – Bloomberg
- UAW, Ford reach tentative labor agreement for 4-1/2 year deal – Reuters
- Toyota switches hydrogen FCEV focus to commercial vehicles – Autocar
- Tesla’s Cybertruck promises to test America’s great political divide – Automotive News
- Volvo’s Q3 profit jumps as sales rise, costs fall – Automotive News
- Google Alphabet, Tesla, Meta’s Disappointing Results Erase $200 Billion in Value – Bloomberg
- China EV startup BeyonCa courts Saudi investment – Just-Auto
- JLR to build electric Defender model at Slovak plant – Reuters
- Stellantis resets China strategy with $1.6B stake in EV maker Leapmotor – Automotive News
Wednesday Morning Auto News, Oct 25, 2023: Toyota aims to put 1,000 km-range Lexus EV on the road by 2026, investigates own charging network. Nissan teases electric Godzilla. More.
- Toyota aims to put 1,000 km-range Lexus EV on the road by 2026 – Reuters
- Lexus Investigates Setting Up Its Own EV Charging Network – Bloomberg
- Nissan concept teases electric reboot of Godzilla GT-R – Automotive News
- UAW throws ‘gut punch’ at GM with strike expansion at full-size SUV plant – The Detroit News
- Toyota shows it’s serious about EVs at Japan Mobility Show – Automotive News
- Why California Just Suspended Cruise’s Robotaxi Permits – Barrons
- Honda halting plans to develop smaller EVs with GM, CEO says – Automotive News
- Nissan Hyper Force concept teases electric GT-R – Automotive News
- General Motors Finds Itself in a Jam – Wall Street Journal
- EU carmakers urge Von der Leyen to delay post-Brexit tariffs on electric vehicles – Guardian
- Honda shelves plans to build EVs with GM – Automotive News
- Porsche hits out at Brussels probe into Chinese EVs – FT
Tuesday Morning Auto News, Oct 24, 2023: Tesla investigated over range and Musk’s glass house. Mitsubishi Motors ends production in China. GM profit down. More
- Tesla Investigated Over Driving Range and Elon Musk’s Glass House – Businessinsider
- Japan’s Mitsubishi Motors To End Production In China – Barrons
- G.M. Profit Down 7% in Strike-Affected Quarter – New York Times
- GM withdraws 2023 guidance as UAW strike costs soar – Reuters
- Tesla Autopilot fatality case to soon reach California jury – Reuters
- BMW Recalls 9,211 Cars on ‘Hands On’ Detection Fault: NHTSA – Bloomberglaw
- Mitsubishi Motors to invest around 20 bln yen into Renault’s new EV company – Reuters
- Japan’s bestselling EV isn’t a Tesla but a $13000 minicar – Japantimes
- Tesla says Justice Department is expanding investigations and issuing subpoenas for information – Washington Post
- Canadian dealers should embrace Chinese automakers, analyst says – Automotive News
- Nidec Plunges Most Since 2011 After EV Malaise Hits Profit – Bloomberg
- GM has lost $800 million in UAW’s strike so far – The Detroit News
- GM Reports $3.1 Billion Profit, Despite UAW Strike Hit – Wall Street Journal
- How Much Uber and Lyft Drivers Make Per Ride – Businessinsider
- Mitsubishi plans to invest more than $214M in Renault’s EV unit – Automotive News
- New Ferrari SP-8 unveiled as celebration of twin-turbo V8 – Autocar
Monday Morning Auto News, Oct 23, 2023: Tesla CEO Elon Musk told to be careful by German union boss. Toyota nears mass production of solid-state batteries. Toyota to resume operations at remaining halted plants. More.
- Tesla CEO Elon Musk told to be careful by German union boss – Automotive News
- Toyota nears mass production of solid – state batteries – FT
- Toyota to resume operations at remaining halted plants from Tuesday – Reuters
- The most hardcore Porsche 911s ever made – Autocar
- Samsung SDI says it hasn’t spoken with GM, Stellantis about UAW talks – The Detroit News
- ARK Cathie Wood says Elon Musk, Tesla pushed by turmoil – Fortune
- Jaguar Land Rover opens £250 million EV development hub – Autocar
- 2024 Mercedes-Benz GLE-Class SUVOTY Review: Is Mercedes ‘ Best EV a … Hybrid? – Motortrend
- UAW strike-related layoffs hit 67 more Ford workers at Sterling Axle – Freep
- Elon Musk just served a lesson in free advertisement for the Tesla Cybertruck – Businessinsider
- JLR opens UK EV test facility as it gears up for electric cars – Reuters