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Thursday Morning Auto News, Jan 10, 2019

Thursday Morning Auto News, Jan 10, 2019

  • Renault, Nissan in board conferences earlier than anticipated new Ghosn indictment – Reuters: Renault and Nissan administrators have been on account of be up to date on the investigation into suspected monetary misconduct by alliance boss Carlos Ghosn at separate board conferences on Thursday, sources accustomed to the matter advised Reuters.
  • Ghosn develops fever; faces additional expenses – Automotive Information: Carlos Ghosn has developed a fever, prompting the Japanese authorities to cease interrogating the previous Nissan chairman. Prosecutors are anticipated to indict the chief on two extra costs of monetary misconduct on Friday.
  • Veoneer tech permits again seat drivers to steer the automotive – Automotive Information: Being referred to as a again seat driver might quickly turn out to be a praise quite than an insult. Veoneer’s autonomous check automotive, LIV, brief for Studying Clever Car, may be pushed from anyplace within the automotive utilizing a smartphone.
  • Ford doesn’t rule out plant closures in Europe as a part of overhaul – Reuters: Ford can’t rule out plant closures as a part of its efforts to return its European operations to profitability, Steven Armstrong, group vice chairman, Europe, Center East and Africa, stated on Thursday.
  • Jaguar Land Rover to chop hundreds of UK jobs after China, diesel droop – Reuters: * Minister says no-deal Brexit would additionally harm firm
  • Jaguar Land Rover clear they regard UK as house – Might’s spokesman – Reuters: Jaguar Land Rover (JLR) has made clear they regard Britain as house and are investing sooner or later, Prime Minister Theresa Might’s spokesman stated on Thursday.
  • U-M engineering graduates not flocking to automakers – Freep: The figures on College of Michigan graduates and the place they discover jobs could possibly be only one small indicator of slower common progress for the state.
  • Renault board to satisfy with destiny of Ghosn within the stability – FT: Renault will maintain a unprecedented board assembly on Thursday in Paris as its boss, Carlos Ghosn, stays in custody in Japan on allegations of …
  • Ex-Porsche WEC boss Seidl joins McLaren F1 workforce as managing director – Yahoo: McLaren has appointed former Porsche World Endurance Championship boss Andreas Seidl as its Method 1 group’s new managing director, in a …
  • Opinion: is Ford lastly taking motion in Europe? – Autocar: Ford is pushing ahead with a brand new European enterprise technique A transfer from MPVs to SUVs might mirror Ford’s realisation that it could possibly’t survive in Europe on vans alone There have been whispers amongst analysts and the enterprise papers all through final yr…
  • Rolls-Royce celebrates greatest yr of gross sales in 115-year historical past – Autocar: Rolls-Royce CEO Torsten Müller-Ötvös with the model’s first SUV, the Cullinan The posh automotive maker bought 4107 models in 2018; new UK dealerships push firm to 10% home progress British luxurious automotive maker Rolls-Royce is celebrating its greatest yr of…
  • Intel and Mobileye forge new partnerships with Volkswagen and Valeo at CES – Automotive Information: Intel and its Mobileye subsidiary have devoted appreciable assets to creating applied sciences to help absolutely self-driving automobiles. However they’re not ready for an autonomous period to reach earlier than deploying them.Name it trickle-down…
  • Ford to chop hundreds of jobs; John Lewis employees bonus in danger – enterprise reside – Guardian: Ford to chop hundreds of jobs; John Lewis employees bonus in danger – enterprise reside The GuardianJohn Lewis employees might not get a bonus this yr, after a troublesome Christmas, as UK retailers replace the Metropolis on their festive efficiency.
  • Exxon mulling investing in electric-vehicle charging – Axios: “Whereas this might be a small step, it will be an indication that Exxon – lengthy probably the most bearish of the oil majors on electrical automobiles – is able to altering …
  • BRIEF-Chongqing Changan Vehicle Sells Much less Automobiles In 2018 – Yahoo: BRIEF-Chongqing Changan Vehicle Sells Much less Automobiles In 2018 Yahoo Singapore NewsJan 10 (Reuters) – Chongqing Changan Vehicle Co Ltd : * SAYS IT SOLD 158136 VEHICLES IN DEC VERSUS 283655 VEHICLES YEAR EARLIER * SAYS …
  • Ford Europe to slash hundreds of jobs in turnaround plan – Reuters: Ford on Thursday stated it can reduce hundreds of jobs, exit unprofitable markets and discontinue loss-making car strains as a part of a turnaround effort aimed toward attaining a 6 % working margin in Europe.
  • Tesla function that will get automotive to comply with you want a pet will ‘in all probability’ be obtainable quickly, Musk says – CNBC: Musk has stated that Tesla automobiles working with the function will be capable of “drive to your telephone location & comply with you want a pet.”
  • Japan’s SESC information a recent case towards Ghosn, Kelly and Nissan – Nikkei:
  • Volkswagen automotive gross sales attain report regardless of deteriorating progress – FT: The corporate stated it bought 6.24m automobiles final yr, rising Zero.2 per cent from the document in 2017. The yr ended with a whimper, as gross sales dropped 9 per cent …
  • Jaguar Land Rover ‘to Minimize 5,000 Jobs’ at U.Okay. Crops – Bloomberg: Jaguar Land Rover ‘to Reduce 5,000 Jobs” at U.Okay. Crops BloombergThe carmaker employs 44000 staff at crops within the West Midlands and Halewood.
  • Ghosn, Kelly and Nissan face recent woes as SESC information new case – Nikkei:
  • Volkswagen says bought report 6.24 million automobiles worldwide in 2018 – Reuters: German carmaker Volkswagen on Thursday stated it had bought a document 6.24 million automobiles all over the world final yr, a Zero.2 % improve in contrast with 2017.
  • Slovak automotive manufacturing rises in 2018, set for document 2019 – Reuters: Slovak automotive manufacturing rises in 2018, set for report 2019 ReutersOverall manufacturing at Slovakia’s automotive factories rose to 1.08 million automobiles in 2018 and will improve to a report 1.15 million models this yr, the nation’s automotive …
  • CES 2019: Hyundai Elevate is Prepared for Search and Rescue Mission – Yahoo: Nevertheless, Hyundai needs to vary that notion because it builds a machine that intends to rise above each roadblock. The Korean automaker stated that its …
  • Jaguar Land Rover to make ‘substantial’ job cuts after China, diesel droop – Reuters: Britain’s largest carmaker Jaguar Land Rover (JLR) is about to announce “substantial” job cuts within the hundreds, a supply advised Reuters, as the corporate faces double-digit drops in demand in China and a droop in gross sales for diesel in Europe.
  • VW Is Setting Up Electrical Automotive Charging Stations in China – Yahoo: International producers akin to Volkswagen and Ford Motor Co. are shifting their focus to electrical automobiles as waning gross sales of fuel guzzlers led to the primary …
  • Carlos Ghosn Comes Down With Fever in Jail, Halting Interrogation – Bloomberg: After spending greater than a month in a jail room in Tokyo, Carlos Ghosn has developed a fever, prompting the Japanese authorities to cease …
  • Unique: Volkswagen, China spearhead $300 billion international drive to affect automobiles – Reuters: International automakers are planning a $300 billion surge in spending on electrical car know-how over the subsequent 5 to 10 years, with almost half of the cash focused at China, accelerating the business’s transition from fossil fuels and shifting energy…
  • ‘Sahara’ bronze tapped as automotive shade of the yr – Freep: Sahara, a heat bronze is known as auto colour of the yr as autoamkers and tastes transfer away from small automobiles and primary black
  • The New Scorching Rods Are Classic Classics With Electrical Motors – Bloomberg: The New Scorching Rods Are Classic Classics With Electrical Motors BloombergOsamu Furukawa’s storage is filled with beautiful electrical automobiles, however none of them is a Tesla. There’s a yellow 1977 Volkswagen Beetle alongside a uncommon …
  • Know-how, frugality overtakes glitzy glam of Detroit auto present – Detroitnews: This month”s present is a diminished husk of its former grandeur, deserted by European automakers, sparsely attended by executives, bypassed by media
  • SK Innovation Eyes $10 Billion Battery Guess After Main VW Order – Bloomberg: SK Innovation Eyes $10 Billion Battery Guess After Main VW Order BloombergSK Innovation Co. is weighing a $10 billion plan to spend money on battery cells, a transfer that may rework the provider to Volkswagen AG and Daimler AG right into a …
  • Ghosn sought $30m Nissan mortgage to Saudi pal, say sources – Nikkei:
  • Nissan Observe takes 2018 gross sales crown in Japan – Nissan-global: The Nissan Word was Japan”s best-selling automotive in 2018 as clients embraced its progressive e-POWER electrified powertrain, which additionally helped make the Nissan Serena the preferred minivan.The Nissan Word e-POWER Medalist Black Arrow. The e-POWER system…
  • China Needs Elon Musk to Assist Promote Secure Ties With the US – Bloomberg: What’s the larger problem for Tesla Inc. Chief Government Officer Elon Musk: Serving to thaw frosty relations between the U.S. and China, or getting the …
  • Elon Musk tweets: Tesla to cease promoting lowest-priced variations of Mannequin S and X automobiles on Monday – CNBC: Elon Musk wrote in a tweet late on Wednesday that Tesla will cease promoting the lowest-range variations of its Mannequin S sedan and Mannequin X SUVs on Monday.
  • UPDATE 1-Mexico gasoline scarcity worries business as strains in capital develop – CNBC: Gasoline shortages in Mexico sparked by a … Alfredo Arzola, director of the automotive business hub within the state of …
  • Car screens go super-sized at CES as tech catches up – Automotive Information: Take a look on the car shows proven at CES and you would be forgiven for considering you’re on the films. “This isn’t science fiction!” introduced the top of Byton, an electrical car startup earlier this week.
  • Ford Launches Leaner Explorer SUV After First Redesign in a Decade – Bloomberg: Ford Launches Leaner Explorer SUV After First Redesign in a Decade. By … Ford Motor Co., dropping floor within the sport utility car enterprise it helped … Rivals such because the Toyota Highlander, Honda Pilot and Chevrolet Traverse all …
  • After 20 Years, China’s Auto Gross sales Sputter Into Reverse – Bloomberg: After 20 Years, China’s Auto Gross sales Sputter Into Reverse BloombergThe progress engine for the world’s automotive business has been thrown into reverse. China recorded its first yearly fall in auto gross sales in additional than 20 years, the sufferer …
  • 2020 Ford Explorer debuts with extra know-how, room efficiency – Freep: 2020 Ford Explorer makes use of new rear-drive structure for higher acceleration, towing capability, room and gasoline financial system. rssfeeds.freep.com/~/i/591396756/Zero/freep/enterprise
  • Ford debuts all-new 2020 Explorer – Detroitnews: Ford debuts all-new 2020 Explorer The Detroit NewsThe sixth-generation Explorer is predicated on a rear-drive platform. It hits showrooms this summer time.
  • Fiat Chrysler to pay greater than $700 million over U.S. diesel emissions declare – Reuters: Fiat Chrysler Cars NV can pay greater than $700 million to resolve lawsuits from the U.S. Justice Division and diesel house owners over claims it used unlawful software program to permit 104,000 diesel automobiles to emit extra emissions, three individuals briefed on…
  • For Rolls-Royce, the Future Is Customization, Not Electrical – Bloomberg: Cullinan is conquering consumers who may be tempted to purchase Bentley’s Bentayga ($200,000) or Lamborghini’s Urus ($200,000) as an alternative. Greater than half …
  • Carmaker Rolls-Royce urges Might to keep away from a tough Brexit – Reuters: Carmaker Rolls-Royce referred to as on the British authorities to keep away from a disorderly Brexit and stated it was build up some inventory, increasing warehouse capability and coaching suppliers for customs modifications in case Britain leaves the EU with no deal.
  • Brexit Might Paralyze Rolls Royce Plant If One Half Is Lacking – Bloomberg: Brexit Might Paralyze Rolls Royce Plant If One Half Is Lacking BloombergUltra-luxury carmaker Rolls-Royce’s plant in southern England dangers being paralyzed within the occasion of a tough Brexit if only one element turns into unavailable …
  • Bentley powers up Bentayga for flagship Velocity mannequin – Autocar: Bentayga Velocity will profit from engine and chassis revisions 650bhp 6.Zero-litre W12-powered Lamborghini Urus rival might be unveiled within the first half of this yr Bentley will crown its Bentayga vary with a flagship Velocity model later this yr,…

 

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