Top Automotive Industry News for Week of October 29 – November 4, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week October 29, 2018 -November 4, 2018.

We hope it helps you stay up to speed on the key developments in our
industry:

-Automotive Manufacturing News-

Every Mid-Size Luxury Crossover and SUV Ranked from Worst to Best

(Car and Driver)

Faraday Future's Rough Road: Funds Sought As Cofounders Depart, Workers
Furloughed

(Forbes)

Ford could provide a 40% return in the year ahead as restructuring
takes hold, Goldman says

(CNBC)

GM memo: We must cut costs, can't wait to see what happens in industry

(Detroit Free Press)

GM Throws Weight Behind Nationwide Electric-Car Quota

(Cars.com)

GM to offer buyout to some workers in cost-cutting move: DJ

(CNBC)

Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump

(autoblog)

Tesla electric vehicles will park themselves in 2019, Elon Musk says

(USA Today)

Tesla’s third-largest shareholder says it’s willing to pump more money
into the company

(CNBC)

The brutal and extreme tests Ram, Ford, Chevy run on trucks

(Detroit Free Press)

US regulators subpoenaed Tesla Model 3 production forecasts, data

(USA Today)

Volvo and Baidu join forces to mass produce self-driving electric cars
in China

(CNBC)

-Automotive Evolution News-

Cadillac cancels its car subscription program after just two years

(autoblog)

Ford, Volkswagen explore driverless venture to challenge Tesla, Waymo

(MarketWatch)

GM is making e-bikes as it expands beyond cars

(autoblog)

Hyundai, Kia Motors to develop new solar charging tech for vehicles

(Reuters)

Uber details why its driverless SUV killed a pedestrian and how it's
working to fix safety problems

(LA Times)

Uber says it's ready to start testing self-driving cars again

(Mashable)

VW and Intel's Mobileye Will Launch Autonomous Ride-Hailing Service In
Israel Next Year

(Forbes)

Waymo Gets California's Okay For Human-Free Driving Tests As Robo-Car
Skepticism Rises

(Forbes)

-Automotive Retail News-

5 hottest-selling U.S. vehicles in October: Tesla, Toyota, Subaru make
the list

(USA Today)

FCA, Honda and VW Lead October Auto Sales

(The Detroit Bureau)

GM Financial: More Loans, Fewer Leases in Q3

(Auto Dealer Monthly)

Luxury car owners trade up for American pickups as Ford, GM and Dodge
trucks dominate market

(CNBC)

New Vehicle Prices Continue to Rise in Fourth Quarter

(The Detroit Bureau)

Rising interest rates and prices hurt October auto sales, with SUVs
still faring better than cars

(USA Today)

Rising interest rates pinch U.S. auto sales, consumer confidence

(Reuters)

Vehicle sales reached 11-month high in October

(MarketWatch)

-Automotive Wholesale News-

Car Depreciation Reaches 10-Month High

(Vehicle Remarketing)

Lane watch: Wintry chill hits wholesale prices

(Auto Remarketing)

-Automotive Ownership News-

A Comfortable Place to Spend 38,000 Hours Behind the Wheel

(The New York Times)

-Automotive Enthusiast News-

140-car collection headed to Mecum’s Las Vegas auction

(ClassicCars)

Here are the most Googled car brands of 2018

(autoblog)

-Automotive Servicing News-

AAA offers free Lyft rides to and from repair shops

(autoblog)

New car safety technology saves lives — but can double the cost of
repairs

(NBC)

Stalling prompts recall of 2019 Jeep Cherokees with 2.4-liter engines

(Detroit Free Press)

Subaru, Toyota recall 165,000 U.S. cars with defect that could lead to
engine stalling

(USA Today)

-General Business & Executive News-

Broadcom makes $1 billion patent claim against Volkswagen: Der Spiegel

(Reuters)

New Autotrader Experience Helps Car Shoppers Accelerate Their Deal, Buy
Faster From The Palm of Their Hands

(PR Newswire)

U.S. Auto Industry's October Surprise

(Forbes)

With $50M investment, AutoNation obtains 7% stake in Vroom

(Auto Remarketing)

-AEA Reminder-

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Why we invested in WeTrip – the adventure travel platform

We recently announced our investment in WeTrip (here), building on our previous investments in the adventure travel space. Sam Clifton, Associate at InMotion Ventures, explores why we invested in WeTrip. The anguish was fresh in my memory. Plans for a holiday with a group of friends had just fallen through, on account of too many… Continue reading Why we invested in WeTrip – the adventure travel platform

InMotion backs WeTrip – the adventure travel platform

We are excited to announce our investment in WeTrip, the group travel platform that makes planning adventures and experiences easier. Our seed stage funding will support WeTrip in its global ambition to become the go-to digital platform for booking personalised group experience holidays. In November 2016, the company raised $1m funding to launch WeSki, a… Continue reading InMotion backs WeTrip – the adventure travel platform

ChargePoint raises $240 million to serve an anticipated flood of electric vehicles

Electric vehicle charging network ChargePoint has raised $240 million in a Series H funding round that attracted a diverse group of investors from the automotive, energy, financial, venture capital, utilities, and even oil and gas industries. New investors in the round include American Electric Power, Chevron Technology Ventures, Canada Pension Plan Investment Board, Daimler Trucks… Continue reading ChargePoint raises $240 million to serve an anticipated flood of electric vehicles

InMotion Ventures announces its investment in world’s most advanced electric motorcycle, Arc Vector

InMotion Ventures announces its investment in world’s most advanced electric motorcycle, Arc Vector

Arc has pioneered Vector, the most efficient, safest and most fulfilling electric motorcycle experience yet
Vector will be revealed in Milan on 6 November
Vector comes with ground breaking haptic ride-wear and connected HUD helmet

LONDON, 07-Nov-2018 — /EuropaWire/ — InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces its investment in Arc, which today unveils ‘Vector’ – the world’s first fully-electric motorcycle with Human Machine Interface (HMI). Arc Vector is the most advanced electric motorcycle ever brought to market, using exotic materials, thoroughbred componentry and cutting-edge architecture, wrapped in a futuristic body.

InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces its investment in Arc, which today unveils ‘Vector’ – the world’s first fully-electric motorcycle with Human Machine Interface (HMI). Arc Vector is the most advanced electric motorcycle ever brought to market, using exotic materials, thoroughbred componentry and cutting-edge architecture, wrapped in a futuristic body.

The investment from InMotion Ventures, along with Mercia Fund Managers, the Proof of Concept & Early Stage Fund which is part of the Midlands Engine Investment Fund, and a number of industry specialist angels, will support Arc with its global ambition for Vector to be the cleanest, safest, and most fulfilling motorcycle on the road.

The brand new bike, will be revealed at the Milan Motorcycle Show today. The Arc show stand will showcase the brand, along with the bike itself and its ground breaking intelligent haptic ride-wear and connected Heads-Up Display helmet. A virtual reality ride experience will also be available for attendees.

The Arc team consists of industry-leading professionals, coming together to develop and build an all-new experience on two wheels.

Mark Truman, Founder & CEO, Arc, said: “Our aim has always been to bring technology, performance and safety together to create an entirely new two-wheeled experience. Vector isn’t just a motorbike; it’s the world’s first fully-electric café racer, it’s an innovative heads-up display helmet and it’s a sensory riding suit – all working in unison to create an experience package like no other. We’re delighted to get the support of InMotion for this exciting launch phase. The team shares our vision and we’re looking forward to working together and creating more ground breaking products.”

Sebastian Peck, Managing Director, InMotion Ventures, said: “Electric vehicles are pivotal for the future of urban mobility, helping people travel through cities quickly and cleanly as possible. We want to make sure that we’re not only changing the way people move but delivering unparalleled outdoor experiences while doing so. With Arc’s technology and vision, the Vector is an incredible development in the next generation of motorcycle travel.”

FURTHER INFORMATION

For further information, contact:

Sally Clift
Senior Manager, Corporate Communications
M: +44 7384 430009 | E: sclift2@jaguarlandrover.com

NOTES TO EDITORS

About Arc

Arc is a jump of electricity. Arc is Arc-hitecture. Arcs are structural as is our monocoque philosophy.

Arc is about the journey – every journey on this planet takes an Arc. Mark Truman is the largest shareholder in Arc. The committed environmentalist, designer and engineer won the Society of Automotive Engineers International Young Engineer of the Year Award in 2005 for his experimental work on motorcycle chassis and swing arm flex and design parameters. He’s also a former Data Acquisition Engineer in top-level racing, during 35 years of motorcycling experience, and has built many of his own road and race machines. Visit www.ourroadis.com

Arc is also on social – find us on Twitter, Instagram and Facebook using
@ArcVehicle #OurRoadIs #ADifferentRoad

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JAGUAR LAND ROVER GETS THE GREEN LIGHT TO SOLVE 150-YEAR-OLD PROBLEM

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Job loss fears and uncertainty inside JLR – workers speak out

Aggrieved staff at Jaguar Land Rover plants have lifted the lid on “anger” and “bitterness” among colleagues, with one whistle-blower revealing how “most people are waiting for the axe to swing”. Employees returned to work a fortnight ago following two-week shutdown period after JLR chiefs announced a freeze in vehicle production. It came after the… Continue reading Job loss fears and uncertainty inside JLR – workers speak out

How Mate Rimac is supercharging electric cars

Not for nothing is Mate Rimac sometimes called “Europe’s Elon Musk”. Both run groundbreaking electric carmakers that have claimed speed records and won plaudits. Both have unconventional manufacturing locations — Tesla in California, Rimac Automobili on the outskirts of Zagreb in Croatia. When Tesla launched its first car, the Roadster, in 2008, Elon Musk was… Continue reading How Mate Rimac is supercharging electric cars

Autonomous Car Firm Aurrigo Shares Successes From UK Autodrive Programme

The race to build a future of self-driving cars has ramped up, with multiple companies such as Jaguar Land Rover, Tesla, Toyota, and others joining in and UK private transport firm Addison Lee reporting last month that driverless cars will become a regular phenomenon by 2021. Sputnik spoke with Miles Garner, sales and marketing director at Aurrigo,… Continue reading Autonomous Car Firm Aurrigo Shares Successes From UK Autodrive Programme