- Gloomy day for Daimler, Nissan, but PSA roars – Reuters: Daimler and Aston Martin struggle, Nissan plans yet more job cuts – but Peugeot owner PSA is one automaker to defy gloom in the sector. Francis Maguire …
- GM’s Driverless-Car Unit Cruise Delays Robot-Taxi Service – Wall Street Journal: General Motors’ driverless-car business, Cruise, will delay the roll out of an autonomous ride-hailing *service* scheduled for late this year, underscoring the …
- Porsche tops J.D. Power study of most appealing new vehicles – Automotive News: Ram was the most improved brand and ranked highest in the mass-market segment while Ford Motor Co.’s brands received five model-level awards in the annual study of new-vehicle appeal.
- European car giants Peugeot SA and Daimler show signs of fighting back amid global auto slowdown – Barrons: Peugeot maker PSA defied the global auto slowdown with a 10.6% profit rise in the first half of the year, while Mercedes owner Daimler’s stock rose on a more …
- German carmaker BMW considers China as very strong driver of technology – Xinhua | English.news.cn – Xinhuanet: China is a very strong driver of technology, a spokesperson of German carmaker BMW told Xinhua on Wednesday. “We strongly …
- PSA seeks European company legal status following Opel/Vauxhall takeover – Automotive News: Automaker says move will reflect group’s European scope following the takeover of Opel/Vauxhall.
- Man jailed for 15 years for driverless car bomb plot – Guardian: A man who plotted a terrorist attack involving the use of a bomb inside a remotely controlled vehicle has been jailed for 15 years. Counter-terrorism …
- Uber Drivers Lose Suit Over ‘Racist’ UK Environmental Fee – Bloomberg: It’s the latest stage of a long-running battle between those working for the ride-hailing firm and traditional cabbies, which has spilled from the city’s …
- Brexit auto industry fears heightened with Boris Johnson becoming UK prime minister – Automotive News: Britain’s incoming prime minister has shown little sign that he takes the car industry seriously, having once said he knows about how to run an automaker than …
- Why the UK auto industry will not welcome a Boris Johnson gov’t – Automotive News: … radio interview that he knew more about how to run an automaker than Jaguar Land Rover CEO Ralf Speth, who had just warned about job losses.
- Daimler’s Q2 loss triggers more cost-cutting, product review – Automotive News: Daimler is battling slower demand in China and the U.S., along with huge costs to develop electric cars and regulatory scrutiny over its diesel emissions.
- NHTSA says it is reviewing complaints of faulty Ford transmissions – Freep: Congressional leaders urged the review after a Free Press investigation found Ford sold the vehicles knowing their transmissions were faulty.
- Nissan Braces for More Pain as Weak Profits Force Restructuring – Bloomberg: Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the …
- Tesla`s Ability to Make Money Is Under Spotlight as Results Loom – Bloomberg: Tesla Inc. sold a record number of cars during the second quarter. But did the company make enough money while doing so?
- Breakingviews – If only James Bond could rescue Aston Martin – Reuters: If only James Bond could rescue Aston Martin Reuters(Reuters Breakingviews) – If only James Bond could come to the rescue of Aston Martin. The British maker of 007’s legendary sports car is struggling. With the …
- German Car-Parts Maker Put Up for Sale Amid Spat Between Owners – Bloomberg: German auto parts maker Weber Automotive GmbH has been put up for sale as part of insolvency proceedings that started this month, according to a …
- Uber Freight launches in Germany, taking on local competition – Reuters: U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market.
- Daimler CEO says there are no plans to pursue a merger or spin-off – Reuters: Daimler has no plans to spin off its trucks division or to pursue a merger with BMW as a way to raise the company’s share price, Chief Executive Ola Kaellenius said on Wednesday.
- Toyota’s Thailand unit retains domestic car sales forecasts – Reuters: (Corrects date in dateline). BANGKOK, July 24 (Reuters) -. * Thailand’s total domestic cars sales for 2019 are still projected at 1 million units, down 3.8% from …
- Aston Martin Plunges After Cutting Vehicle Sales Forecast on Challenging Outlook – Bloomberg: Aston Martin Lagonda cut its full-year sales forecast by as much as 14% after weakness in key markets intensified, joining a range of carmakers to warn of a …
- Aston Martin cuts 2019 forecasts on UK, Europe weakness – Reuters: IndiaLuxury carmaker Aston Martin on Wednesday lowered several of its forecasts for this year, saying it had been hit by macro-economic uncertainty and weakness …
- Nissan to Report 90% Plunge in Profit, Report Says – Bloomberg: Nissan Motor Co. will report a drop of about 90% in its fiscal first quarter … global alliance between Nissan, Renault SA and Mitsubishi Motors Corp.
- Carmaker PSA defies gloom in auto sector with record profits – FT: French carmaker PSA posted record profits for the first half of 2019, bucking the gloom across the sector, as cost controls and the rollout of new models …
- PSA Group profit jumps on pricing, Opel synergies – Reuters: French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker emerging-market sales.
- Nissan shares edge up on reports it will cut 10000 jobs – FT: … come as Hiroto Saikawa, Nissan’s chief executive, has struggled to stem the fallout from the arrest and ousting of its former chairman Carlos Ghosn.
- Peugeot Maker Improves Profit Margins on More Costly Models – Bloomberg: Peugeot maker PSA Group’s profit margin widened to a record in the first half of the year through the sale of more expensive models, although the French …
- Daimler Q2 hammered by Takata, diesel charges – Reuters: Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 …
- Augmented Reality Is Now in Your Phone, Eyeglasses and Car – Washington Post: If you dodged real-world trash cans to chase virtual monsters during the Pokemon Go craze, you experienced augmented reality. Sixty years after …
- US Truck Driver Shortage Is On Course to Double in a Decade – Bloomberg: Women make up less than 7% of drivers, and the industry is pushing to entice more with technology that makes trucks easier to drive and more …
- Japan’s Nissan to double global job cuts to over 10,000 – source – Reuters: Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.
- Lyft makes self-driving research public to speed development – The Detroit News: It”s the largest such trove of data made available to researchers and rivals, Lyft said
- Uber, Lyft Rides May Be Taxed Under San Francisco Measure – Bloomberg: Uber, Lyft Rides May Be Taxed Under San Francisco Measure. By … Ride-hailing customers may be forced to pay a new tax in the city where the …
- Corrected: Nissan plans to cut over 10,000 jobs globally – Kyodo – Reuters: Nissan Motor Co Ltd is planning to cut more than 10,000 jobs globally as part of efforts to turn around its business, Kyodo News reported on Tuesday, citing company sources.
- In win for Ford, Fed Circuit won’t extend ‘functionality’ defense to patent law – Reuters: The doctrine of aesthetic functionality, which limits the trademarking of the functional features of a product, does not extend to design patent law, a federal …
- Harley-Davidson gets EU approval for plan to dodge $100 million tariff hit – Latimes: Harley-Davidson Inc.’s highly contentious plan to dodge tariffs by shifting some production overseas has been green-lighted just as the iconic …