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Despite billions in investment, LeEco's cash problems are dooming its projects

Even with billions of dollars of investment capital coming in, Chinese tech giant LeEco is still cash-strapped, TechCrunch reports. LeEco backed out of an EV development project with Aston Martin this week, forcing the British automaker to pivot to a far more exclusive scope in executing its electrification strategy.   http://tcrn.ch/2tpZUbZ

 8h

Gas prices remain low heading into 4th of July

The nearly 38-million drivers taking to America's highways this coming weekend have at least one thing to feel good about: low gas prices. According to AAA's gas price tracker, customers in at least 60 percent of the country can find regular unleaded for just $2.24 (or less) per gallon. This is the lowest the national average has dipped since February.   http://bit.ly/2tY8w6H

 9h

Lamborghini Centenario to show its stuff at Goodwood

If it feels like Lamborghini has debuted its Centenario a number of times, well, that's because it has. Lamborghini is calling this the Centenario's "dynamic" debut, which basically means this is the first time they've shown one moving any appreciable distance under its own power. The Centenario coupe will do 0-62 mph in just 2.8 seconds and has a top speed of 217 mph. We doubt it will achieve the latter going "up the hill" at the famous UK festival.   

 10h

Jaguar details XE Project 8 development

Jaguar has published a video that outlines how the XE SV Project 8 came to life. The short film shows every part of the development process, from the model-specific body panels to the interior modifications.   

 11h

Porsche: 50% of sales will come from EVs in 2023

Porsche is embarking on an electric car offensive. The company will challenge Tesla with the Mission E (pictured as a concept) in 2019, and it's planning a battery-powered version of the popular Macan. All told, a full 50 percent of its global sales will come from electric cars in 2023.   http://bit.ly/2tocLLV

 12h

SUV high on Audi Sport's priority list

Audi Sport boss Stephan Winkelmann admitted building a hot-rodded SUV is high on the company's list of priorities. "we have to create a line-up which is more worldwide-sellable than today's," he told Top Gear.   

 13h

Details emerge on next Mercedes G

Mercedes-Benz is preparing to introduce an updated version of the 38-year old G-Class. The styling will carry over with only very minor tweaks, but Automotive News has learned the brand-new model will be four inches wider, and it will get an independent front suspension. A six-cylinder engine will be added to the lineup, too.   http://bit.ly/2tXrb2G

 14h

Jaguar unleashes XE SV Project 8

Jaguar has turned the XE into an extreme, high-performance super-sedan. Billed as the most powerful street-legal Jaguar ever, it receives a 600-horsepower evolution of the company's 5.0-liter V8 and a host of go-fast goodies, including bucket seats and carbon ceramic brakes. Production is limited to 300 examples worldwide, and pricing starts at nearly $200,000 in England.   

 15h

Rolls-Royce Dawn gets Black Badge treatment

Rolls-Royce has released a limited-edition Dawn named Black Badge. Like the Ghost and the Wraith, the Dawn gets dark chrome trim, a black paint job, and black leather upholstery inside. Production is presumably limited, but Rolls-Royce hasn't revealed how many examples it will build.   

 16h

FIA: Hamilton not to blame in collision with Vettel

The FIA examined telemetry data from Lewis Hamilton's Mercedes-AMG and decided the collision with Sebastian Vettel wasn't his fault. Vettel got a 10-second penalty during the race, though he insists his British rival intentionally brake-tested him.   http://bit.ly/2tW95hn

 19h