Disruption, corruption loom over UAW union talks with Big Three Detroit automakers – CNBC: Uncommon issues during this year’s talks include technological changes threatening traditional union jobs and an ongoing federal corruption probe that has already led to eight convictions.
Tesla’s ‘Anemic’ High-Margin Model Sales Extends Profit Struggle – Bloomberg: Tesla Inc. is delivering more cars than ever because of the emergence of Model 3 customers like Mike Land. His view of the relative weakness of Elon Musk’s …
Daimler and Bosch get green light for ‘world’s first’ automated valet parking system – CNBC: Daimler said that the system was the “world’s first fully automated driverless SAE Level 4 parking function to be officially approved for everyday use.”
Once Feared Dead, Globalization Is Still Very Much Alive – Bloomberg: Car failure | Germany’s Continental AG cut its earnings outlook as the car-parts giant emerges as the latest industrial victim of trade woes tied to …
Ford faces lawsuit over allegations of false mpg ratings – Automotive News: The federal lawsuit seeks class-action status and follows two other lawsuits in consecutive months over the same issue in Ford Ranger trucks.
Continental’s Warning on Car Slump Shows Reality Is Hitting Home – Bloomberg: Continental joined French car-parts supplier Faurecia SA — which is … As part of a broader overhaul to brace for the industry’s shift to self-driving and …
All-electric Ford-150 is revealed – The Detroit News: Linda Zhang, chief engineer of the Ford F-150, shows the capability of a prototype all-electric F-150 by towing 10 double-decker rail cars and 42 2019-model year F-150s, weighing more than 1 million pounds
Germany’s Continental, Jungheinrich hit brakes as auto sector slows – Reuters: A slowing auto sector prompted profit warnings from supplier Continental and paint systems producer Duerr late on Monday.
Apple hires another Tesla engineer – Automotive News: Apple has hired Steve MacManus, at least the third Tesla engineering executive to join the technology giant in the last year. MacManus, a Tesla vice …
AMS re-opens door on Osram bid as recovery continues – Reuters: Apple supplier AMS (AMS. … VCSELs, used in the auto industry, are an infrared laser technology that helps to provide a large field …
France’s Faurecia holds course in ‘tougher than expected’ auto market – Reuters: French auto parts maker Faurecia (EPED.PA) said it maintained first-half profitability despite a China-led decline in auto production, …
China Sees Something in Daimler We’ve All Missed – Bloomberg: The company’s shares are still struggling to recover from an emissions scandal. But Asian suitors are interested in its electric-vehicle future.
Semiconductor supplier STMicroelectronics sees big gains from electrification shift – Automotive News: We recently shipped the first prototypes of the EyeQ5 chip for Level 4 autonomous driving applications, with mass production expected in 2020.
Seat’s Cupra teases high-performance EV – Automotive News: The production version is likely to use Volkswagen Group’s MEB electric architecture, which will underpin EVs for the VW, Audi, Seat and Skoda …
Beijing Auto Buys Stake in Daimler, Deepening Their Alliance – New York Times: The deal will tighten the German automaker’s ties to China, which has become an important market but where overall sales are falling.
The Robot Apocalypse Has Been Postponed – New York Times: The delay of self-driving cars is another sign that stagnation still trumps acceleration.
China’s BAIC Takes 5% Stake in Daimler to Boost Partnership – Bloomberg: Beijing Automotive Group Co. is poised to get a 5% stake in Daimler AG, the automaker’s long-standing partner in China to affirm their cooperation.
China’s BAIC buys 5% Daimler stake; Daimler welcomes investment – Reuters: Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in Germany’s Daimler.
Staffing firm Randstad’s earnings hit by slowdown at German carmakers – Reuters: Netherlands-based staffing group Randstad on Tuesday said its underlying earnings fell 4% in the second quarter, below analyst forecasts, due to a slowdown …
China exports first batch of second-hand commercial vehicles – Xinhuanet: A ceremony was held Monday in north China’s Tianjin Municipality for the export of 60 second-hand commercial vehicles, …
Breaking Down Hyundai Earnings – Bloomberg: KJ Hwang, director at CGS-CIMB Securities, discusses Hyundai Motor earnings and his outlook for the South Korean auto sector. He speaks on …
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