Fire Damages Newly Built Jeeps (5/21/18)

Fire damages newly built Jeeps; Trump signs bill overturning lending guidance; CR not recommending...
from TumblrCynthia Lin

Trump signs congressional resolution overturning auto lending ruleAuto News

President Donald Trump signed into a law a congressional resolution overhauling a rule issued by the Consumer Financial Protection Bureau that aimed to bar discrimination in auto lending.

from Automotive News Breaking News Feed https://ift.tt/2rZgkG1
Source Auto News

Tesla shareholders urged to remove Musk from chairman's roleAuto News

The largest proxy advisory firm is recommending that investors reject two of Tesla's board members, while also supporting a proposal to split the role of chairman and CEO.

from Automotive News Breaking News Feed https://ift.tt/2IDPc5O
Source Auto News

At least 18 Jeep vehicles damaged in fire in ToledoAuto News

A fire broke out in a parking lot near the Fiat Chrysler Automobiles' Toledo Assembly Complex this morning, damaging a number of Jeep vehicles.

from Automotive News Breaking News Feed https://ift.tt/2IzCol0
Source Auto News

In Illinois, Tesla-like dreams for an EV startup, former Mitsubishi factoryAuto News

Startup Rivian Automotive, steered by a 35-year-old MIT grad, paid $16 million for a mothballed car factory and its equipment in Illinois with bold plans to produce EVs -- a pickup first and then an SUV.

from Automotive News Breaking News Feed https://ift.tt/2keDfcg
Source Auto News

Tesla Model 3 draws strong rebuke in Consumer Reports testsAuto News

Consumer Reports won't recommendTesla's compact Model 3 because of the electric car's long stopping distances and difficult-to-use controls.

from Automotive News Breaking News Feed https://ift.tt/2GDLg3b
Source Auto News

Toyota plans to roll into China's EV market in GAC vehicleAuto News

Toyota is taking an unprecedented route to meet China's stringent green car quotas: Its showrooms will sell an EV without the Japanese company's triple-oval logo and instead will feature the label of GAC Motor, Toyota's China partner.

from Automotive News Breaking News Feed https://ift.tt/2GC3br8
Source Auto News

Threat of cobalt supply crunch could hinder EV growthAuto News

A burgeoning risk of a supply crunch in cobalt -- a key battery metal that's more than tripled in price in two years -- poses one of the biggest threats to forecasts for rising electric vehicle adoption.

from Automotive News Breaking News Feed https://ift.tt/2x5pQwy
Source Auto News

The Brexit bottleneck: How freight could get stuck at the borderAuto News

Zeebrugge port calls itself the world's biggest hub for shipments of new cars. The threat of delays for freight shipped to and from Britain from the port highlights the economic risks of Brexit.

from Automotive News Breaking News Feed https://ift.tt/2s14DxN
Source Auto News

At $78,000, Tesla moves mass-market Model 3 beyond massesAuto News

Tesla CEO Elon Musk unveiled specifications for a faster and more powerful version of the Model 3 in tweets over the weekend. It will cost $78,000, more than double the $35,000 base-model starting price.

from Automotive News Breaking News Feed https://ift.tt/2s14sm7
Source Auto News

Hyundai group succumbs to pressure, scraps $8.8 billion revampAuto News

Hyundai Motor Group has shelved a restructuring plan which would have given the son of its aging chairman more control of the conglomerate, following opposition from investors including hedge fund Elliott Management.

from Automotive News Breaking News Feed https://ift.tt/2IDCrIC
Source Auto News