BMW to develop driverless car tech with Intel, MobileyeFri, 01, Jul 2016
BMW is teaming up with Intel and Mobileye to develop new technology for the auto industry that could put self-driving cars on the road by around 2021. They said their new platform would be made available to multiple carmakers, without saying whether they were already in talks over any deals.
Aston CEO sees short-term Brexit gainFri, 01, Jul 2016
Aston Martin will see a short-term financial gain from the crash in the pound's value following the UK's decision to leave the European Union, CEO Andy Palmer said. “A weak pound obviously helps our exports in terms of profit-per-unit,” Palmer told Automotive News Europe.
GM economist sees negligible impact of Brexit on U.S. autos, for nowWed, 29, Jun 2016
It is too soon to measure the impact of the British vote to leave the EU on General Motors, but the decision will likely not have much effect on the company in its home market, GM's chief economist said on Wednesday.
GM economist sees little Brexit impact for automaker in U.S.Thu, 30, Jun 2016
GM's chief economist, Mustafa Mohataram, says it is too soon to measure the impact of the UK vote to leave the EU on the automaker, but the outcome will likely have little effect in the U.S.
Brexit may cost carmakers 2.8 million global sales, IHS saysWed, 29, Jun 2016
The UK's vote to leave the EU may cost automakers about 2.8 million light-vehicle sales worldwide through 2018, researcher IHS Automotive said. The UK is expected to be hit hardest. Instead of expanding 3.2 percent this year, the UK may grow by just 1 percent followed by declines in the next two years.
Why VW owners get $10,000 in U.S., but a bit of pipe in the EUWed, 29, Jun 2016
If you own a Volkswagen with a diesel engine in the U.S., the company will buy back your car and give you as much as $10,000. If you drive one in Europe, you may only get a piece of pipe. The reasons for the wide disparity is the big differences in legal and regulatory structures in each region.
Citroen seeks salvation in new wave of quirky carsTue, 28, Jun 2016
Citroen went from oozing elegance and quirky charm to producing vehicles that lacked the panache of their ancestors. The arrival of the C4 Cactus rekindled Citroen's spark. CEO Linda Jackson aims to capitalize on this momentum with new design that's somewhere "between different and bizarre."
Supplier planning hits the brakesMon, 27, Jun 2016
The U.K. vote to exit the European Union leaves suppliers in the dark on future investment until new EU trade deals can be adopted.
Aston Martin's financial losses nearly doubleMon, 27, Jun 2016
Aston Martin made a pre-tax loss of 127.9 million pounds in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion. Last year, the automaker reported a pre-tax loss of 71.8 million pounds.
U.K.-EU breakup threatens a key market and profit centerSun, 26, Jun 2016
The United Kingdom's stunning decision to abandon the European Union could slash automakers' profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, analysts warned.
Goodbye to the Europe I knewMon, 27, Jun 2016
I am deeply shocked and disappointed by the decision of British voters to leave the European Union. A place I loved called Britain may no longer be so great any more.
Penske, Group 1 assess the damageMon, 27, Jun 2016
Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.