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Auto sector crisis: Carmakers demand tax cuts to boost demand, analysts slash forecasts as sales plummet
•Sales data from India’s top six carmakers, including Suzuki Motor Corp’s and Toyota Motor Corp’s Indian businesses, shows that passenger vehicle sales for August fell 34%.
US planning to test the scope of camera-based visibility systems in automobiles
•The US wants to test how drivers could use cameras to replace traditional rearview mirrors in automobiles.
US President Donald Trump singles out Ford Motor Co for not backing fuel economy rollback
•Ford is one of four automaker, that reached a voluntary agreement with California on fuel efficiency rules defying Trump
Competition Commission of India probes allegations of anti-competitive conduct by Maruti Suzuki
•Maruti, majority-owned by Japan’s Suzuki Motor Corp, is a household name in India where it commands a 51 percent market share
Uber nears investment deal for self-driving car unit: WSJ
•Uber Technologies Inc's self-driving car unit could be valued at $7.25 billion.
SoftBank, Toyota to invest nearly $1 billion in Uber's self-driving car unit
•Uber, which last year lost about $3.3 billion, is betting on a transition to self-driving cars.
Toyota, JAXA to develop lunar rover that runs on fuel cell tech for 2029 mission
•The manned rover could be a crucial part of a future international space probe program.
Carlos Ghosn to stay as Renault CEO for now, automaker names stand-ins amid tension over Nissan probe on alleged financial misconduct
•The French government, Renault’s biggest shareholder, had begun to distance itself from Carlos Ghosn, calling for new interim leadership before the meeting, as the Japanese investigation expanded to include Renault-Nissan alliance finances.
Toyota to invest $500 mn in Uber to develop self-driving cars; duo to catch up to rivals in autonomous driving business
•Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars.
Global auto powers plotting response in Geneva meet to US President Donald Trump's auto tariff threats
•Eventual tariffs on autos could hit companies including Korea’s Hyundai Motor Co, Japan’s Toyota Motor Corp and Germany’s BMW, as well as global factories for US brands General Motors Co, Ford Motor Co, and Fiat Chrysler Automobiles NV.