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Geely purchases stake in Proton, Lotus

Volvo parent company Geely has agreed to purchase a 49.9 percent stake in Proton, the Malaysian automaker that owns Lotus. The company also bought 51 percent of Lotus. "We aim to unleash the full potential of Lotus Cars and bring it into a new phase of development, thanks to our experience accumulated through Volvo Cars' revitalization," said Geely CFO Daniel Donghui Li in a statement.   http://bit.ly/2rOUd3g

 1h

Americans don't trust ridesharing companies to build autonomous cars

In the US, tech giants such as Apple and Google are trusted more than automakers to build autonomous vehicles, according to an Inrix study.   http://bit.ly/2reB264

 10h

VW sold $26B worth of cheating diesels in France, watchdog claims

The Le Monde report suggests VW could face more steep fines as global regulators continue to pursue enforcement actions over diesel 'defeat devices.'   http://cnb.cx/2retVup

 10h

Faraday Future backer LeEco expected to slash US workforce

Only a few dozen employees out of 500 could remain, according to CNBC. The report will likely fuel skepticism over Faraday Future's production ambitions.   

 11h

Hyundai: No N models for Genesis

Hyundai is preparing to release an onslaught of high-performance cars developed by a new sub-division named N. However, officials have confirmed the N treatment will be reserved for members of the Hyundai lineup, and it won't extend to the more upmarket Genesis-branded cars.   

 16h

Lamborghini expands factory

Lamborghini is expanding its factory to build the Urus SUV. The new facility includes a logistics center, a paint shop, an assembly line, additional parking spots, and even test track.   http://bit.ly/2rbSUyn

 17h

Hyundai Kona delayed?

Labor issues have delayed Hyundai's entry-level Kona crossover, according to The Truth About Cars. As it stands, the Kona's production schedule has been halted.   

 18h

Electric Subaru will be based on existing car

Subaru's first-ever electric car is coming by 2021. It will be a battery-powered variant of an existing car, not a standalone model. This approach slashes R&D costs and eliminates the need to create a partnership with another automaker.   https://bloom.bg/2rKXLna

 19h

Hyundai could release high-performance Tucson

Hyundai's N division could launch a high-performance variant of the Tucson. "We have a good platform with the Tucson to make a high-performance SUV," said N boss Albert Biermann in an interview with Drive.   

 20h

Uber - Pittsburgh relationship turning sour

Pittsburgh agreed to let Uber test experimental self-driving cars on its streets in exchange for jobs and free rides. The partnership started off on a high note, but city officials are now criticizing Uber for not holding up its end of the bargain.   

 21h