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Vehicle timesharing marketplace Fair.com scores $1b in investments

BMW and Penske Automotive Group were among investors who contributed $1 billion in funding to Fair.com--a "flexible ownership" platform designed to help coordinate ownership benefits among customers who do not wish to own a car full-time, TechCrunch reports.   http://tcrn.ch/2yXfhf1

 16h

Lotus celebrates 70th Anniversary with Elise Cup 260

Based on the track-focused 250 model, the Lotus Elise Cup 260 will be a 30-unit production run meant to celebrate the company's 70th anniversary.   http://bit.ly/2yV8F0w

 17h

First take: 2018 Mercedes-Benz S-Class

"[T]the S-Class remains the pinnacle of Mercedes-Benz luxury."   http://bit.ly/2yWa6Ma

 18h

Consumer Reports gives Tesla Model 3 average rating

Consumer Reports gave the Tesla Model 3 an average rating for reliability. The publication rated the car based on data gathered from Model S and Model X owners, explaining much of the components found in the 3 also equip Tesla's bigger models.   

 20h

China's Changan to stop building gas engines in 2025

Under pressure from the local government, China's Changan has announced it will stop building gasoline-powered engines in 2025 to focus on battery-powered drivetrains. We expect several Chinese automakers will make similar announcements in the coming weeks.   

 21h

Mercedes-Benz details G65 Final Edition

Mercedes-Benz is gradually killing off G-Class variants as it prepares to introduce a brand-new model early next year. The V12-powered G65 is riding into the sunset with a limited-edition model named, appropriately, Final Edition. It receives edition-specific tweaks such as bronze accents inside and out. Production is limited to just 65 examples worldwide.   

 22h

RIP: Australia's car manufacturing industry

General Motors is closing its Holden factory today, putting an end decades of auto manufacturing in Australia. Holden was the last car factory Down Under; Ford and Toyota both shut down their facilities in recent months.   

 23h

Mercedes-Benz airbag recall affects 495k cars

Mercedes-Benz is recalling nearly half a million car in the United States over an airbag issue. Grounding problems can cause the airbags to deploy without warning, according to a safety bulletin. The campaign affects B-Class, C-Class, E-Class, GLA, GLC, GLK, and CLA models built between 2012 and 2017. Owners of affected vehicles will be notified by mail.   

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Tesla Model X scores low on reliability

The Tesla Model X is one of the least reliable cars in America, according to Consumer Reports. The electric crossover suffers from issues with body hardware, paint and trim, and the climate control system.   

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Alphabet invests $1 billion in Lyft

In a further blow to Uber, Alphabet's CapitalG has invested $1 billion in ride-sharing giant Lyft. "This brings Lyft's post-money valuation to $11 billion," the company said in a statement.   

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