All the auto industry news, none of the B.S.
- Report: GM fulfills ignition scandal terms, feds dismiss case – Freep: A federal judge in New York approved a motion filed by prosecutors to dismiss a four-year-old case against GM on Wednesday, Reuters is reporting.
- Mike Jackson’s I told you so moment on Tesla’s ‘logistics hell’ – Automotive News: Tesla could have avoided its recent struggle delivering cars to customers quickly if it hadn’t insisted on handling its own retailing, AutoNation CEO Mike Jackson said.
- The Finance 202: GOP lawmakers against Trump’s tariffs aren’t ready to act – Washington Post: And neither measure touches Trump’s tariffs on Chinese imports, which rely on a … support both the GOP tax overhaul and the administration’s tariffs, making it … “‘It’s not a trade war, I call it a trade skirmish,’ he told CNBC. … More than 1,000…
- How Volvo’s Polestar plans to sell its electric vehicles in North America – Automotive News: Volvo’s Polestar brand announced details of the framework it will use to promote sales for its new electric cars, the Polestar 1 and Polestar 2.
- ‘2.2 seconds and we smashed Ferrari’ – Autocar: What really goes on during a Formula 1 pitstop? Red Bull Racing invited us into the garage to have a look Jumping from long-haul economy flight to long-haul economy flight, via an all-nighter repairing a car damaged in practice in Azerbaijan, Bahrain,…
- Nissan recalls cars, SUVs due to risk of fire – Yahoo: DETROIT (AP) – Nissan is recalling more than 215,000 cars and SUVs in the U.S. due to a fire risk, and advising people to park the vehicles outdoors in rare cases. The recall covers certain 2015 to 2017 Nissan Murano, 2016 and 2017 Nissan Maxima, 2017 …
- Volvo’s Polestar To Try All-Inclusive ‘Subscriptions’ With US Debut – Bloomberg: Volvo’s Polestar To Try All-Inclusive ‘Subscriptions’ With U.S. Debut. Its first fully electric cars are aimed directly at Tesla, but won’t be revealed till early next year. By. Hannah Elliott. September 20, 2018, 4:00 AM PDT. Polestar 1 hybrid. Source …
- Aston Martin Announces ‘003’ Hypercar, to Arrive in 2021 – Bloomberg: It’s the third high-performance, mid-engine car the private equity- and Kuwaiti-owned company will have built in recent years, following the $2.6 million Aston Martin Valkyrie and Valkyrie AMR Pro (called “001” and “002,” respectively) that debuted in …
- Putting Android in Cars Is a ‘Real Threat,’ Satnav Boss Says – Bloomberg: Shares in TomTom have tumbled over 25 percent this week, after Renault SA, Nissan Motor Co, and Mitsubishi Motors Corp. announced they would integrate Google’s Android operating system in their car dashboards, despite an existing relationship with …
- Breakingviews – Aston Martin IPO makes more sense in middle lane – Reuters: Breakingviews) – Aston Martin should lose the go-faster stripes. The UK high-end carmaker’s pricing range for its October market debut, released on Thursday, implies a maximum equity price tag of 5.1 billion pounds. While the …
- Volvo Wants Its Electric Polestar Brand to Have an Apple Retail Experience – Fortune: Volvo’s standalone electric performance brand outlined its plans on Thursday for selling a car to compete with Tesla in a retail experience to rival Apple. Polestar Cars says it will begin opening “Apple store-like” showrooms in the U.S. late next year …
- Toyota Gazoo trademarks suggest hot ‘GR’ Yaris and GT86 – Autocar: Toyota’s GR HV concept was based on the current-generation GT86 European trademarks have been filed that point to expansion of Gazoo Racing sporting sub-brand Toyota”s Gazoo Racing sub-brand is set to expand with the names of the first GR-badged…
- China diesel demand picks up at fastest pace in at least five years – Reuters: * Higher industrial output, truck sales, mining boost diesel use
- Germany’s Business Leaders Are Wading Into the Debate About Nationalism – Bloomberg: Daimler AG, the maker of Mercedes-Benz cars and trucks, employs people from more than 140 different countries in its assembly plants in Germany, Chief Executive Officer Dieter Zetsche said in the first post. Chemical maker BASF SE, retailer Metro AG, …
- In U-turn, Exxon, Chevron to join rivals in climate initiativ – Reuters: Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed at curbing carbon emissions in the sector, two sources familiar with the matter said on Thursday.
- Car Shopping By Click Hits Critical Mass – Bloomberg:
- A Renowned ‘Car Czar’ Says Tesla Is ‘Headed to the Graveyard’ – Barrons: Bob Lutz, a renowned “car czar” and the blunt-talking former vice chairman of General Motors(GM), has never really been one to soft pedal his opinions, no matter how controversial or curmudgeonly they may seem. In fact, the former Marine once called …
- Aston Martin Speeds Toward IPO Worth Up to $6.7 Billion – WSJ: Aston Martin, the iconic sports car brand made famous in the James Bond spy thrillers, will be aggressively pricing its coming stock listing, valuing the company at up to $6.7 billion, according to details it released Thursday. The offering marks a …
- China Races to Get Goods to the US Before Tariffs Hit – Bloomberg: The levies that kick in Monday have amplified the busy pre-holiday season as Chinese manufacturers rush everything from toys to bikes to car parts …
- PSA Group to offer electrified version of every Citroen, DS, Peugeot and Vauxhall model – Autocar: The DS 7 Crossback offers a plug-in hybrid powertrain Electric or hybrid versions of every model are due, including 15 vehicles launching in next two years The PSA Group has confirmed that it will offer an electrified version of every new model…
- S.Korea’s Hanon to buy Magna’s auto electronics business for $1.23 bln – Reuters: Hanon Systems, a South Korean auto parts maker, said on Thursday that it plans to buy Magna International’s Fluid Pressure & Controls Group, an auto electronics business, for about $1.23 billion.
- (LEAD) Hyundai Mobis develops short-range radar for vehicles – Yonhap: (ATTN: UPDATES with details). SEOUL, Sept. 20 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday it has developed a short-range radar that can be used to alert drivers to vehicles in their blind spots. Hyundai …
- New Z4 takes center stage in BMW lineup for 2018 Paris Motor Show – Yahoo: The BMW lineup for the Paris Motor Show, which opens Thursday, October 4, will include the world premiere of the brand’s new Z4 roadster, the X5 SUV and the sporty M5 Competition sedan. The BMW Z4 will make its debut at the Paris Motor Show. The car …
- China is taking the lead in electrification of cars, CEO says – CNBC: China’s commitment to electric vehicles presents “amazing” growth opportunities in the sector, says Christina Lampe-Önnerud, the founder of battery technology start-up Cadenza Innovation.
- Total Buys Car Charging-Point Provider in New Power-Market Foray – Bloomberg: Total SA bought a French operator of car-charging points, adding to its electricity investments as oil companies prepare for an influx of low-emission …
- Hyundai Mobis develops short-range radar for vehicles – Yonhap: … a medium-range and another short-range radar — in the coming years as it seeks to secure key technologies for autonomous driving. The car parts company is a core affiliate of Hyundai Motor Group, the world’s fifth-largest automotive conglomerate.
- Vauxhall and Peugeot to offer EVs and hybrids across their ranges – Yahoo: From next year, every new model of Peugeot, Citroen, Vauxhall and DS will be available with either a hybrid or electric powertrain. Groupe PSA, the French company behind the four brands, made the announcement this morning (September 20), saying the …
- Not a bond! Aston Martin to float shares on stock market – Guardian: Aston Martin has unveiled the details of its planned stock market flotation that will value the luxury carmaker at up to £5.1bn. James Bond’s favourite car marque has set a price range of £17.50 to £22.50 per share, which would value the company at £4 …
- VW plan to leave Iran symbolic win for Trump over EU, U.S. says – Automotive News: The Trump administration persuaded VW Group to comply with sanctions on Iran and end almost all of its business in the country, according to a U.S. official, a symbolically charged step in undercutting EU efforts to keep the 2015 nuclear deal alive.
- BMW, Daimler, and VW investigated over a possible cartel – Autocar: Last year, an overseas report was released, claiming BMW, Audi, Porsche, and Daimler formed a secret cartel back in the 1990s. The companies discussed technology, costs, suppliers and the exhaust gas purification of its diesel-powered vehicles. Despite …
- 007 carmaker targets £5.1-billion IPO – Yahoo: London (AFP) – Aston Martin, the luxury sports car brand driven by fictional spy James Bond, said Thursday that its London float will value it at up to £5.1 billion ($6.7 billion, 5.7 billion euros). The company said in statement that the launch is …
- Aston Martin aims for $6.7 billion October IPO – Reuters: Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation.
- Luxury carmaker Aston Martin seeks valuation of up to £5.1bn in IPO – FT: Aston Martin is targeting a market value of between £4bn and £5.1bn when it lists its shares on the London Stock Exchange next month. The valuation puts the luxury carmaker on a similar earnings multiple to Ferrari, the Italian group whose stock market …
- EU must end new petrol and diesel car sales by 2030 to meet climate targets – Guardian:
- Hyundai Motor plans commercial launch of hydrogen-powered truck – FT: Hyundai Motor has announced plans to launch the world’s first commercially available hydrogen-powered truck as it seeks to grab market share ahead of eco-friendly offerings by Tesla and Daimler. The South Korean automaker said it would next year begin …
- Automotive Sales Manager – Automotive News: Automotive Sales Manager. Santa Fe, NM. At Santa Fe Kia, we strive to make every customer a customer for life. Happy employees make happy …
- Byton eyes Europe by 2020 – Autocar: Byton”s first model will be the K-Byte saloon, based on this concept New Chinese EV maker set to launch £35,000 model in its home market next year Chinese electric start-up Byton has recently secured £385 million in funding to help it take on…
- Brexit Frustrates Jaguar Land Rover’s Bid to Become More British – Bloomberg: Jaguar Land Rover wants to boost the proportion of parts made in the U.K. to simplify its supply chains and capture cost-saving economies of scale …
- Audi E-Tron Makes its Electrifying Debut – Yahoo: Audi has revealed its first fully-electric production model, the E-Tron. This electric vehicle (EV) is meant to open the door for the German automaker’s …
- Peugeot’s E-Legend concept is ready for an electric and autonomous future – Automotive News: The Peugeot E-Legend’s design features that recall the 504 Coupe include the model name badge on a long, sloping hood, black trim at the base of …
- Japan auto lobby says hopes NAFTA will keep current framework – Reuters: Japan’s automakers association said on Thursday it hoped that the North American Free Trade Agreement would maintain its current framework as the United States, Canada and Mexico update the trade pact amid growing trade tensions between the United…
- Kia Sportage short on exterior style but long on value – Detroitnews: Perky and personable Kia crossover is snappy around town, if a little sluggish at freeway speeds
- Oaktree’s Howard Marks: Britain too risky to invest due to Brexit – FT: Bernard Jenkin, a senior Conservative backbencher, accused the head of Jaguar Land Rover of “making up” numbers suggesting Brexit would cost …
- BUYER’S GUIDE: Toyota Land Cruiser 200 – Yahoo: The Toyota Land Cruiser 200 commands respect. And it’s not just because its immense size looks imposing on the road. This vehicle has been in existence for more than half a century already, and if its 67-year old heritage is not enough to get your nod …
- Canada PM urges some U.S. flexibility in NAFTA, talks seen slow – Reuters: Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.
- Cadillac XT4 – Detroitnews: Detroit News auto critic Henry Payne reviews the 2019 Cadillac XT4 rssfeeds.detroitnews.com/~/i/570528632/0/detroit/autosinsider
- Hyundai to provide 1000 fuel cell trucks to Swiss company – Yonhap: SEOUL, Sept. 20 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday that it has signed an initial agreement with Swiss hydrogen company H2 Energy to provide 1,000 fuel cell electric trucks. The deal with the European …
- Ramping up advocacy for driving electric vehicles – Autocar: “Christina is a real authority on electric vehicles and we hope her tour will inspire more fleets and individuals alike to go electric,” says Drive Electric chairman Mark Gilbert. “Like Norway, New Zealand is the perfect place to run EVs with an …
- Peugeot e-Legend concept unveiled – Autocar: While not needed for cooling, the ventilation intake is styled after the 504 coupe The model will have its public debut at the Paris motor show in October, 50 years after the French firm launched the popular coupe version of the 504 Peugeot has…
- Feds question UAW officials’ spending on Palm Springs trips – Detroitnews: The allegations reveal a new thread of a federal corruption investigation into a multimillion-dollar conspiracy involving the UAW and Fiat Chrysler Automobiles. The focus on Palm Springs is emerging at a crossroads in the investigation as federal …
- US Says Volkswagen to Leave Iran in Symbolic Win for Trump – Bloomberg: The Trump administration persuaded Volkswagen AG to comply with sanctions on Iran and end almost all of its business in the country, according to a U.S. official, a symbolically charged step in undercutting European Union efforts to keep the 2015 …