Tag: Manufacturing

Tuesday Morning Auto News, Apr 02, 2019

Lyft Stock Drops Again, Dow Is a Buy, and More to Know for Tuesday – Barrons: Mergers & Acquisitions: Jefferies analyst Philippe Houchois wrote Tuesday he believes a Peugeot (UG.France) and Fiat Chrysler Automobiles (FCAU) …
Why buying a car may result in a scary (and pointless) ‘adverse action notice’ – Latimes: it’s something consumers want to avoid at all costs, typically indicating you’ve been turned down for a loan or there’s …
New Ford Kuga SUV to be revealed later today – Autocar: Third-generation Kuga will be a vital part of Ford’s revised European product plan Ford is preparing to pull the wraps off its third-generation Kuga later today ahead of the family SUV’s launch towards the end of this year. Teased in a video posted to…
Lyft shares fall again as analyst says buying the IPO here is ‘leap of faith’ – CNBC: Shares of Lyft fell for a second straight day after an analyst raised concern over the ride-hailing company’s valuation.
Turkish March automotive sales slide 35.5 pct – association – Reuters: Sales of passenger cars and light commercial vehicles in Turkey tumbled 35.5 percent year-on-year in March to 49,221 …

BMW, Microsoft launch industrial cloud tech partnership – Automotive News: BMW Group and Microsoft Inc. on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate innovation and accelerate the development of “smart” factories.
Walgreens cuts 2019 profit growth forecast after Q2 miss, shares fall – Reuters: Walgreens Boots Alliance Inc on Tuesday cut its 2019 profit growth forecast and reported quarterly profit that missed Wall Street estimates as the drugstore chain struggles with falling prices of generic alternatives to branded drugs, sending its…
Why some green investors are passing on Uber and Lyft – Reuters: Some environmentally … early indications that ride-hailing technology puts more, not fewer, cars on the …
Trade slowed in fourth-quarter, WTO says; auto tariffs, Brexit are 2019 risks – Reuters: World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization said on Tuesday.
FCA will play active role in industry change, Elkann says – Automotive News: Fiat Chrysler Chairman John Elkann says the automaker will be an active player in shaping an industry under transformation from technology including electrification and self-driving cars.
Ford Europe spending tens of millions on Brexit – chairman – Reuters: Ford is already spending tens of millions of euros to prepare for the possibility Britain could leave the European Union without a trade deal in place, Ford Europe chairman Steven Armstrong said on Tuesday.
DealBook Briefing: Lyft Crashes Back to Reality – New York Times: That was fast: On their second day of trading yesterday, shares in Lyft fell 12 percent, to $69.01, below their I.P.O. price. That darkens the outlook for …
Microsoft and BMW launch open manufacturing platform – Reuters: Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate industrial innovation and speed the development of connected ‘smart’ factories.
Merkel: We need to switch to electric or hydrogen-powered fuel-cell cars – Reuters: Chancellor Angela Merkel said on Tuesday that Germany needed to make radical changes in the vehicle sector by switching to electric or hydrogen-powered fuel-cell cars.
Jaguar Land Rover loses court battle with Twisted Automotive – Autocar: Autocar
All-new Rolls-Royce Ghost to take fight to Bentley in 2020 – Autocar: Rolls-Royce’s smallest model will move to a new generation next year, with spyshots revealing an evolutionary design The overhauling of Rolls-Royce”s range will continue early next year with a new generation of the Ghost luxury saloon. The…
Car sales hit the brakes – Autocar:
Daimler CEO: Boeing safety debate highlights challenge for autonomous tech – Reuters: Daimler Chief Executive Dieter Zetsche on Tuesday said the debate surrounding the safety of Boeing’s aircraft shows how hard it can be to win public acceptance for autonomous cars technology.
Thyssenkrupp and Tata Offer Remedies to Win EU Deal Approval – Bloomberg: The companies are prepared to sell part of car body sheet production, … Only four European companies currently provide steel to the auto industry: …
German new car registrations fell by 0.5 percent in March – Reuters: German new car registrations fell by 0.5 percent to around 345,500 in March, a person familiar with the numbers told …
Japan-US trade talks likely to be held April 15-16 – Reuters: Japanese government officials are increasingly worried that Trump will demand a reduction in the number of Japanese auto imports to lower the trade …
Lawyer for ousted Nissan boss Ghosn says hasn’t discussed Oman issue with him – Reuters: The defense lawyer for ousted Nissan Motor Chairman Carlos Ghosn said on Tuesday he had not discussed with Ghosn a report that Nissan’s alliance partner Renault had alerted French prosecutors about payments to an Omani distributor.
Singapore Airlines grounds two 787-10s after inspections of Rolls-Royce Trent 1000 TEN engines – Reuters: Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration.
Ghosn’s lawyer doesn’t rule out possibility of additional charges in Japan – Reuters: Three sources told Reuters on Monday that Nissan’s alliance partner, Renault SA, had alerted French prosecutors to payments made to a …
Schumacher begins maiden Ferrari F1 test in Bahrain – Yahoo: … wheel of Alfa Romeo’s C38 on Wednesday. It is the first serious F1 experience for the reigning European Formula 3 champion and Formula 2 rookie, …
Ghosn would not get fair trial if tried alongside former employer Nissan, lawyer says – Reuters: Ousted Nissan boss Carlos Ghosn would not get a fair trial by a Tokyo court if he were tried alongside his former employer, a lawyer for Ghosn said on Tuesday, …
Google South East Asia and India VP to leave at end-April – Reuters: Alphabet Inc’s Google South East Asia and India Vice-President Rajan Anandan will leave the firm at the end of April, Google Asia Pacific President Scott Beaumont said on Tuesday.
Exor’s Elkann says commitment to Fiat Chrysler unchanged – Reuters: The chairman of Exor John Elkann said the Italian holding group’s commitment to carmaker Fiat Chrysler remained unchanged.
Ghosn’s lawyers say his trial must be separate from Nissan’s to ensure fairness – Reuters: Lawyers for Carlos Ghosn asked a Tokyo court on Tuesday to try the ex-Nissan Motor Co boss separately from his former employer …
Ghosn’s lawyers ask court for trial separate from Nissan and former director Kelly – Reuters: Lawyers for former Nissan Motor Chairman Carlos Ghosn on Tuesday said they had asked that their client stand trial for alleged financial wrongdoing separately from Nissan because the company is helping prosecutors.
Europe’s answer to Uber expands into the electric scooter scene in Madrid – CNBC: Bolt, formerly known as Taxify, is launching its electric kick scooter-sharing service in Madrid.
Complaints About Hyundais and Kias Catching Fire Prompt U.S. Probe – Yahoo: NHTSA tallied more than 3000 complaints about the Hyundai and Kia vehicles that drivers lodged with the agency or the manufacturer, according to memos …
Roush’s next power play? Self-driving weeders – Detroitnews: The Livonia company best known for high-performance Mustangs and F-150s partners with a Silicon Valley start-up for autonomous farm equipment.
Trending: Can the SEC hold Elon Musk in contempt of court for his Harambe song? – Washington Post: @rachel_pick, roasting the Tesla CEO’s surprise rap single “RIP Harambe,” an ode to the gorilla killed at the Cincinnati Zoo in 2016, that was released …

Related

Ford would reconsider UK investments if no deal on Brexit

HALFWEG: Ford warned Tuesday that it will reconsider its investments in Britain if the country cannot work out a deal to leave the European Union that guarantees smooth trading with the bloc. At a glitzy unveiling of new cars with electric and hybrid engines, Ford of Europe Chairman Steven Armstrong warned of the potentially disastrous… Continue reading Ford would reconsider UK investments if no deal on Brexit

NIO Inc. Files Its Annual Report on Form 20-F

SHANGHAI, China, April 02, 2019 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium electric vehicle market, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 with the Securities and Exchange Commission on April 2, 2019 U.S. Eastern… Continue reading NIO Inc. Files Its Annual Report on Form 20-F

NIO Inc. Provides First Quarter 2019 Delivery Update

Delivered 3,989 ES8 vehicles in the first quarter of 2019 Cumulative deliveries of ES8 reached 15,337 SHANGHAI, China, April 02, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its delivery results for the first quarter of 2019. As of March 31, 2019, aggregate deliveries of the… Continue reading NIO Inc. Provides First Quarter 2019 Delivery Update

GM sales fall, but buyers clamor for trucks and SUVs

John Gress | Reuters
Trucks come off the assembly line at GM's Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018.

General Motors reported first-quarter sales on Tuesday that fell 7 percent from a year ago but said buyers are flocking to its more expensive sport utility vehicles and pickup trucks.

Transaction prices, the final sales price, on the company's newest pickups rose $8,040 compared with the outgoing models in the same quarter of 2018, reflecting the continued interest among buyers for well-equipped trucks. More than 96 percent of the GMC Sierra crew cab pickup, a four-door full-size truck, were sold with more expensive high-end trims.

Signs have shown that new car sales are slowing in the United States. Yet demand for trucks and SUVs, which tend to be more profitable, could buoy automakers and somewhat offset the effects of a slowdown. Trucks, SUVs and crossovers made up 80 percent of GM's sales, the company said.

The company said sales of smaller crossovers such as the Chevrolet Trax and Equinox, as well as its midsize Chevrolet Colorado pickup, all set first-quarter sales records, while the GMC Acadia SUV had its best quarter ever.

GM plans to launch more full-size pickups in the second half of the year with two new heavy duty pickups from Chevrolet and GMC.

“We are bullish on pickups and expect to gain sales momentum throughout the year,” said Kurt McNeil, vice president of U.S. sales operations. “We are installing capacity in Flint to build more HD pickups in total, more crew cab models, more dualies and diesel models, too, all in response to dealer and customer demand.”

However, sales of traditional passenger cars continued to slide, dragging down the automaker's total.

General Motors has undertaken a plan to reshape its business, including idling factories that produce slow-selling sedans and compact cars and consequently cutting 14,000 jobs at factories in the U.S. and Canada. The move has divided opinion. Supporters say the company is taking the necessary steps to improve profitability, but labor leaders and politicians from affected regions have criticized the decision.

Shares of GM have risen 5.6 percent over the last 12 months and are up by nearly 13 percent since the beginning of the year.

America is falling back in love with trucks and SUVs, and that's causing big changes at big car companies
10:38 AM ET Tue, 5 Feb 2019 | 04:45

March 2019 TMNA Sales Chart

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Toyota Motor North America Reports March 2019 Sales

PLANO, Texas, April 2, 2019 /PRNewswire/ — Toyota Motor North America (TMNA) today reported March 2019 sales of 214,947 vehicles, an increase of 0.1 percent on a daily selling rate (DSR) basis and a decrease of 3.5 percent on a volume basis versus March 2018. For the quarter, TMNA reported sales of 543,714 vehicles, a decrease… Continue reading Toyota Motor North America Reports March 2019 Sales

Autonomous vehicle tests underway in London

FiveAI

Supervised autonomous vehicle tests have started in two London boroughs, according to a statement published Tuesday.
FiveAI, which specializes in areas such as autonomous vehicles, machine learning and artificial intelligence, said the trials, in Bromley and Croydon, represented a “significant next step towards launching autonomous, shared services in London.” The firm added that passenger trials were due to start in 2020.
Five vehicles will be used in the testing and are set to be on the roads both day and night. Safety drivers will be in the vehicles at all times and have the ability to take control of the cars if necessary.
In preparation for the trials, FiveAI undertook data gathering exercises in August 2018. Vehicles were driven around streets to gather data on things such as road user behaviour and road layout. The vehicles that will be used in the forthcoming tests will be clearly marked to let other road users know they are autonomous.
“All cities across the U.K., including London, need to understand the opportunities, risks and challenges they face when considering how transport will operate in the future,” Michael Hurwitz, Transport for London's director of Transport Innovation, said in a statement Tuesday.
Hurwitz added that while the outlook for autonomous vehicle technology was still uncertain, it had “the potential to significantly change travel.”

Over the last few years, the development of technology has led to several trial runs of autonomous vehicles.

In August 2018, for example, the Hyundai Motor Company announced that the first journey by an autonomous truck on a South Korean highway had taken place. The firm's Xcient truck, which has a maximum load capacity of 40 tons, drove around 40 kilometers between Uiwang and Incheon.
The vehicle used an autonomous driving system that allowed it to accelerate, decelerate, steer and maneuver through traffic without needing input from a human, although one was on board to take control as and when required.
In February 2019, the CEO of Arm Holdings told CNBC that it would be “a while” before self-driving cars became mainstream.
“It is a phenomenally hard problem to anticipate what a car could do under absolutely any set of circumstances,” Simon Segars, who was speaking to CNBC's Karen Tso at the Mobile World Congress in Barcelona, Spain, added.

“I think you're going to start to see early services, in quite a constrained way, quite soon over the next couple of years,” he added, explaining that there was “some way to come” before the technology was “completely mainstream.”

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