Tag: Ford

Thursday Morning Auto News, Apr 04, 2019

This edition of the Morning Auto News brought to you from Hong Kong.

Ford watches from the top as Chevy Silverado, Ram pickups brawl for No. 2 – Freep: A few questions with Kumar Galhotra. Kumar Galhotra, president of Ford North America answers a few questions at Ford World Headquarters in Dearborn, MI on …
Tesla”s output slowed to 77,100 vehicles in Q1 – Detroitnews: The Palo Alto company churned out 77,100 vehicles from January to March, well behind the pace it must sustain
Tesla’s junk bond slammed on car deliveries miss; CDS cost surges – Reuters: Tesla Inc’s $1.8 billion junk bond price fell by the most in seven months and the cost to insure its debt against default surged on Thursday after a bigger-than-expected drop in first-quarter deliveries.
The Renault-Nissan Alliance Against Carlos Ghosn – Bloomberg: The Renault-Nissan Alliance Against Carlos Ghosn … The downfall of Carlos Ghosn, once idolized as the globe-trotting genius who turned France’s …
Auto parts maker ZF Friedrichshafen wins biggest order in firm’s history – Reuters: * CEO sees autonomous driving as too expensive for private cars

Citroen C5 Aircross will be PSA ‘flagship’ in India – Automotive News: The C5 Aircross compact SUV will lead Citroen’s entry into the Indian market, followed by three vehicles from a new range developed specifically for …
Model 3 Tracker Misses Tesla’s Production Shortfall – Bloomberg: Bloomberg’s experimental tool overestimated production amid Tesla’s international rollout.
IPWhoa: What to know before joining this year’s IPO wave – Washington Post: The ride-hailing company’s stock surged more than 20% from its IPO price on Friday. But by the first hour of Lyft’s second day of trading, the stock had …
Former Hyundai, Nissan exec Rushforth joins auto data specialist – Automotive News: Rushforth’s automotive career includes stints at Rover Group, BMW Group, Jaguar Land Rover, Audi and UK dealer group Lookers. He was vice …
Tesla shares skid after first-quarter deliveries disappoint – Reuters: Tesla Inc shares fell more than 8 percent on Thursday after a bigger-than-expected drop in first-quarter deliveries, led by waning demand for its luxury Model S …
How Daimler got into a fight with Detroit – Automotive News: Mercedes-Benz USA filed four lawsuits against Detroit mural artists after a dispute over Instagram photos posted in January 2018.
Tesla delivery numbers indicate 2019 will be a rough year – CNBC: Tesla’s first-quarter delivery numbers indicate the company has some tough … questions surrounding demand for its Model 3 sedan and CEO Elon Musk’s legal … Tesla did reiterate its annual delivery guidance of 360,000 to 400,000 …
Skoda’s new components chief is powertrain expert – Automotive News: Volkswagen Group veteran Christian Bleiel will head component production at Skoda. Bleiel succeeds Frank Engel, who moves to …
The Data German Stocks Care Most About Is China’s Data – Bloomberg: Important German car exports show some bottom-building, Ifo Institute business expectations gained last month for the first time since August 2018, …
For Carlos Ghosn, an Early Morning Knock Increases the Pressure, Again – New York Times: The authorities knocked on Carlos Ghosn’s door just before 6 a.m. He and his wife, Carole Ghosn, were still in their pajamas.
Stock futures stall | Tesla shares tanks | Dimon defends capitalism – CNBC: It’s not clear that the stock market’s recent rally will end today, but it’s also unclear that it will continue, with futures trading close to the flat line.
JP Morgan says Tesla just undermined Elon Musk’s defense against the SEC – CNBC: Tesla may have just hurt Elon Musk’s own case in his battle with the SEC, according to J.P. Morgan. “The now clear incongruence of CEO outlook …
Brexit Turns Off UK Car Buyers With Worst March Since 2013 – Bloomberg: Car sales dropped 3.4 percent year-on-year to 458,054 passenger vehicles as consumers stayed away from showrooms during what’s usually a …
Elon Musk’s Plan to Boost Tesla Sales Is Dealt a Setback – Fortune: The shortfall is a setback for Chief Executive Officer Elon Musk’s plan to accelerate sales with lower prices and target more markets worldwide.
Wall Street analysts say Tesla’s first-quarter deliveries were ‘substantially worse’ than expected – CNBC: Wall Street analysts were very disappointed in Tesla’s first-quarter delivery and production figures.
Opinion: Why safety tech and speed limiters can’t save us all – Autocar: The motor industry and global legislators want our roads to be fatality-free in future, but that could present a conundrum that technology can”t solve To recap, then, Volvo recently announced that it”s limiting all of its cars to 112mph from 2021. It…
Ghosn’s lawyer slams Japan’s ‘hostage justice’ after Ghosn rearrested – Automotive News: … escalating the legal jeopardy facing the former chairman of the Renault, Nissan, Mitsubishi alliance and potentially stymying plans to tell his side of …
Elon Musk Tweet to Get Review From Judge as SEC Seeks Sanctions – Bloomberg: A federal judge in Manhattan will spend the afternoon Thursday considering Elon Musk’s February Twitter post that the SEC claims is beyond the pale.
Elon Musk to square off with SEC in court at contempt hearing – Reuters: Lawyers for Tesla Inc Chief Executive Elon Musk will argue on Thursday that he did not violate a fraud settlement with the U.S. Securities and Exchange Commission and should not be held in contempt, the latest twist in a high-profile battle between the…
Self-driving cars could provide £62bn boost to UK economy by 2030 – Guardian: But such potential would be threatened by a no-deal Brexit, says SMMT.
Uber but for Xi Jinping – New York Times: If there’s one thing we know for certain about China in 2019, it’s that people there love their apps. They use WeChat to talk with friends; they spend …
Tesla’s Elon Musk to square off with SEC in court at contempt hearing – Reuters: … could lead to restrictions on his activities or even his removal from Tesla, while distracting him at a pivotal point in the electric car maker’s expansion.
Tesla, Volvo, Audi make gains as German market slips 0.5% in March – Automotive News: Registrations in Germany fell 0.5 percent to 345,523 in March, according to data published by the KBA Motor Transport Authority on …
Ready For a Fast Charge? – Bloomberg: Electric car chargers are evolving at lightning speed– trouble is, batteries are having a tough time keeping up More via @business: …
Uber Beefs Up Lobbying in Pre-IPO Makeover: The Influence Game – Bloomberg: A relative newcomer to Washington, Uber Technologies Inc. has revved up its Washington influence machine as the ride-sharing company expands …
Lyft Is Luring Investors, Just Not the Kind It Wants – New York Times: The percentage of shares on loan at Lyft is roughly equal to the level at Tesla, the electric-car maker, whose chief executive has waged a very public …
Energy group Total’s Saft arm strikes China batteries deal – Reuters: The Saft subsidiary of French energy group Total has struck a new deal to expand its presence in China in the fast growing market for batteries, energy storage and electric vehicles.
Tesla’s dire deliveries – FT: The electric car company reported total deliveries of 63,000, a 31 per cent drop … and far below analyst’s consensus of 71,350, according to Bloomberg data. … This led to 10,600 cars being in transit to customers at quarter end, the …
Aston boss: cost of autonomy will force mass car firm mergers – Autocar: Andy Palmer predicts major industry consolidation due to heavy spending required to develop new technology The investment needed to develop connected and autonomous vehicles will likely lead to mass consolidation of car companies globally, according…
Volkswagen tests self-driving tech in Hamburg – Automotive News: Volkswagen Group has started testing Level 4 self-driving technology on the streets of Hamburg in Germany. The tests involve five e-Golfs …
China flags support for parallel car imports, used car markets – Reuters: China’s commerce ministry said on Thursday that it will roll out measures to support the country’s parallel car imports and used automobile markets to boost car sales.
Total Teams With Chinese Battery Maker in Latest Shift for Big Oil – Bloomberg: Total bought battery maker Saft for 950 million euros ($1.07 billion) in 2016, while Royal Dutch Shell Plc acquired car-charging operator NewMotion a …
Italy sales slump 10% in March as consumer confidence declines – Automotive News: Within the Volkswagen Group, VW brand registrations slipped 3.5 percent and Skoda 1.8 percent, while Seat sales rose 14 percent. The T-Roc small …
Spain sales fall 4% in March as diesel share falls to new low – Automotive News: Within the Volkswagen Group, the VW brand suffered a 14 percent decline in March and Skoda dropped 20 percent. The Spanish brand Seat saw …
Nikkei edges up to 1-month high on trade optimism – Reuters: Japan’s Nikkei edged up to a one-month high on Thursday as investors bought carmakers and other cyclical shares on growing hopes that a trade deal can be reached between Washington and Beijing.
Prosecutors confiscate Ghosn’s wife’s passport, mobile – Ghosn’s lawyer – Reuters: Tokyo prosecutors confiscated the passport and mobile phone of Carlos Ghosn’s wife, Carole, when they arrested the former Nissan boss on Thursday morning, his lawyer said, adding that the defence team would “strongly appeal” the latest arrest.
Ghosn getting French consular protection -finance minister – Reuters: Ousted Renault-Nissan boss Carlos Ghosn, who was re-arrested in Japan on Thursday, is getting French consular protection, French finance minister Bruno Le Maire told BFM TV.
Ghosn reiterates innocence, asks French government to defend him – Reuters: Carlos Ghosn called on the French government to defend him and reiterated that he was innocent in an interview aired on Thursday with French TV stations TF1 and LCI.
New Renault Zoe EV to be ..

Ford electric SUV could meet 300-mile target, and then some

Ford crossover EV teaser photo
Ford has been teasing—even promising—a new Mustang inspired high-performance electric SUV, perhaps called Mach E or Mach 1, that it says will have a 300-mile range.

Now the company has announced that the model has earned a 370-mile range rating in the generous European WLTP driving cycle.

DON'T MISS: 2021 Ford Mach E: What we know about 300-mile electric SUV

That doesn't mean that it will earn anything close to that rating on U.S. driving cycles.

The WLTP is known for generating higher ratings than EPA tests that have been adjusted to account for higher modern highway speeds and more use of air conditioning.

CHECK OUT: What past name should Ford revive for a future electric vehicle? Twitter poll results

The Nissan Leaf, for example, gets a 15 percent longer range rating in Europe on the WLTP diving than it does in the U.S.

Using that as a guideline, the potential “Mach E” might have a range of around 328 miles in the U.S.—a strong showing versus the Tesla Model Y—but that's far from official, and U.S. ratings from as many as five different tests mathematically combined can yield a wide range of results.

Still, anything close to 328 miles would be a very competitive range for an electric SUV. And anything over 300 miles would hold to Ford's promise.

Playing to Win: Ford Truck and Van Sales are Up 4.1 Percent for the First Quarter Versus a Year Ago and Ford-brand SUV Sales — Up 3.5 Percent — Set a Q1 Record; Lincoln Grew 11.2 Percent — its Best Start to the Year in More Than a Decade

About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Playing to Win: Ford Truck and Van Sales are Up 4.1 Percent for the First Quarter Versus a Year Ago and Ford-brand SUV Sales — Up 3.5 Percent — Set a Q1 Record; Lincoln Grew 11.2 Percent — its Best Start to the Year in More Than a Decade

Manufacturers face fines of up to € 11.2 billion if they do not meet emissions targets

Posted 04/04/2019 13:53:17CET Volkswagen, the most exposed, with a possible impact of up to 3,869 million euros, according to Moody’s LONDON, 4 Apr (EUROPA PRESS) – Automakers face fines of between 2,403 and 11,198 million euros if they do not meet the new requirements on carbon dioxide (CO2) emissions that will take effect in 2021… Continue reading Manufacturers face fines of up to € 11.2 billion if they do not meet emissions targets

Aston boss: cost of autonomy will force mass car firm mergers

The investment needed to develop connected and autonomous vehicles will likely lead to mass consolidation of car companies globally, according to Aston Martin boss Andy Palmer. Speaking at the Society of Motor Manufacturers and Traders (SMMT) Connected Car Conference, Palmer said he believes many existing brands will have to form alliances, merge with or sell to… Continue reading Aston boss: cost of autonomy will force mass car firm mergers

Wednesday Morning Auto News, Apr 03, 2019

PSA chief says not focussed on partnership with Fiat Chrysler – Reuters: French carmaker PSA Group is not focussed on negotiating a new partnership with Fiat Chrysler, Chief Executive Officer Carlos Tavares said on Wednesday.
Blackstone raises $22 billion fund, its largest ev – Reuters: Asset manager Blackstone Group LP has raised more than $22 billion for its flagship buyout fund, which would be the company’s biggest ever, a source familiar with the matter told Reuters.
New McLaren Grand Tourer: latest pics of ‘rule-breaking’ model – Autocar: New McLaren Grand Tourer New GT, inspired by Speedtail hypercar, has been shown with reduced camouflage as test programme ramps up McLaren has released the clearest pictures yet of its new “rule-breaking” Grand Tourer ahead of its launch in May. The…
Jaguar Land Rover US sales fall, adding to parent Tata Motor’s woes – Nikkei:
Ford Brings Out the Jumper Cables in ChinaAgain – WSJ: Ford relaunched its China business, promising a bevy of new products, less than a year and a half after its last reboot failed to arrest a sharp decline in the …
Tesla preview: Musk in court, Q1 Model 3 delivery numbers – CNBC: CNBC’s Phil LeBeau joins “Squawk Box” to discuss what investors can expect from Tesla’s first quarter delivery numbers as well as Elon Musk’s legal battle with …

Toyota offers to share electrified tech with rival firms – Autocar: Japanese company will offer royalty-free licences to almost 24,000 electrified vehicle parts and systems Toyota will offer other car firms royalty-free use of nearly 24,000 patents it holds for electrified vehicle technology, in a bid to accelerate…
Ford, GM, Toyota unite to identify AV best practices – Automotive News: A trio of automakers and SAE International plan to identify safety principles and advance the testing, development and, ultimately, the deployment of Level 4 and Level 5 autonomous vehicles.
Ford teases sporty Puma small SUV – Automotive News: … Puma will compete against the Toyota C-HR, the Hyundai Kona, Kia Stonic and the upcoming replacements for the Renault Captur and Opel Mokka.
Ghosn’s sudden Twitter appearance is latest surprise move by ousted businessman – Reuters: Ousted Nissan boss Carlos Ghosn’s sudden appearance on Twitter on Wednesday was a surprise move by the businessman that perplexed people and sent journalists scrambling, and not for the first time.
Audi to showcase self-driving city car – Automotive News: Audi said its AI:ME design study demonstrates is vision for a self-driving city car for megacities. The concept will have its public debut at the Shanghai …
GM, Ford and Toyota join to advance self-driving testing, standards – Reuters: Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help …
Volkswagen begins testing automated cars in Hamburg – CNBC: The tests are being carried out by Volkswagen Group Research.
Foxconn shrinks Android arm and plots shift to automotive electronics – Nikkei: Foxconn’s Android smartphone arm is scaling back its mobile business and moving into next generation automotive electronics in a bid to …
Elon Musk reveals his favourite cryptocurrency – FT: We all know by now that Elon Musk is a fan of crypto. He told Tesla uber-shill Cathy Wood a few weeks ago that: Paper money is going away, and …
French carmaker PSA launches Citroen C5 Aircross SUV in India – Reuters: PSA Group on Wednesday launched its Citroen C5 Aircross SUV in India and said it would be available before the end of 2020, as the French carmaker re-enters the Indian market to expand beyond Europe.
VW to preview Tesla Model X fighter at Shanghai show – Automotive News: Volkswagen Group plans to launch 70 full-electric vehicles by 2028 and build 22 million cars off various EV architectures including the VW brand’s …
Asia tech companies fuel $23bn convertible bonds boom – FT: Shanghai-based electric-car maker Nio, for example, priced its IPO towards the low end of its range last year. The company raised $650m in a …
More Bad News for Lyft Stock: Congestion Pricing – Barrons: Ride-hailing company Lyft got some potentially bad news just days after it went public, as New York state passed a budget that includes new …
VW to preview Tesla Model X fighter at Shanghai auto show – Automotive News: Volkswagen’s I.D. Roomzz concept previews a flagship full-electric SUV that will rival the Tesla Model X. VW will debut the concept at the Shanghai auto show.
Ford gives Kuga ‘friendlier’ look – Automotive News: The Kuga was Europe’s was the fourth best-selling compact SUV in 2018 after the Nissan Qashqai, VW Tiguan and Peugeot 3008, data from JATO …
Ford to launch more than 30 new models in China over next 3 years – Reuters: Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on Wednesday, as it seeks to reverse slumping sales in the world’s top auto market.
Carlos Ghosn, Embattled Former Nissan Chief, Is on Twitter – New York Times: The auto executive, who faces criminal charges in Japan, said he would hold a news conference next week “to tell the truth about what’s happening.”
Daimler, BMW to limit cooperation to affordable electric car in China: paper – Reuters: Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung …
Ford Puma: what’s in a name? – Autocar: The original Ford Puma The Puma nameplate makes a comeback. But this time the thinking is more inside than outside of the box One in three car buyers in Europe is choosing an SUV. Unless it”s a Ford, in which case it”s more like one SUV in every five…
VW Joins BMW in Testing Self-Driving Cars on German City Streets – Bloomberg: Volkswagen AG has started testing five electric and highly-automated versions of its Golf compact cars on the streets of Hamburg.
Carlos Ghosn opens Twitter account and vows to ‘tell truth’ – Nikkei:
Toyota to make thousands of hybrid patents royalty-free – FT: Toyota plans to make thousands of patents relating to its hybrid technology royalty-free, in a move analysts say will help keep the technology relevant …
Brussels Edition: French Disconnection – Bloomberg: With the threat of punitive U.S. tariffs on European cars and auto parts … No Exemption | The EU ordered the U.K. to claw back illegal tax breaks … fight with China nearly a year after the initial salvos of the trade war were fired. … contingency…
Carlos Ghosn on Twitter: Ready to ‘tell the truth’ about events – Reuters: Ousted Nissan Motor Co boss Carlos Ghosn on Wednesday said on Twitter that he was getting ready to tell the truth about recent events and that he would hold a news conference on April 11.
Toyota to give royalty-free access to hybrid-vehicle patents -Nikkei – Reuters: Toyota Motor Corp plans to offer royalty-free access to its hybrid-vehicle technology patents as early as this year, the Nikkei Asian Review reported on Wednesday.
Uber spent $2m lobbying for NY congestion charge – FT: Uber has spent $2m lobbying for congestion pricing in New York City since 2015, culminating in a first-in-the-nation plan to address problems …
Uber’s Main Rival in India Plans to Join London Race – Bloomberg: Ola, Uber Technologies Inc.’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five …
The mystery of Carlos Ghosn’s downfall – FT: Almost five months after his arrest at Tokyo’s Haneda airport, there is a still a lot we don’t know for certain about the downfall of Carlos Ghosn. We don’t …
Tokyo prosecutors readying new case against Ghosn over Oman payments: report – Reuters: Tokyo prosecutors are preparing to build a *fresh* case against ousted Nissan Motor Co Ltd chairman Carlos Ghosn over suspect payments the automaker made …
Infiniti concept hints at Q50-based sports car – Automotive News: The Infiniti sports car concept previews a future production model and is said to be based on the Q50 sedan.
Trump’s Embattled Fed Pick Has No Plans to Step Aside – New York Times: Stephen Moore, President Trump’s presumptive nominee for a seat on the Federal Reserve board, said on Tuesday that he had no …

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