trending Market Intelligence /marketintelligence/en/news-insights/trending/OqvwGh4oMBK9nRroabM3qA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Mercedes-Benz, Geely launch EV venture; Ghosn lawyers question Nissan's probe

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Mercedes-Benz, Geely launch EV venture; Ghosn lawyers question Nissan's probe

TOP NEWS

* Daimler AG-owned Mercedes Benz and China's Zhejiang Geely Holding Group Co. Ltd. agreed to invest 2.7 billion yuan each to set up a venture called Smart Automobile, which will focus on "premium and intelligent electrified" vehicles in China. The 50/50 joint venture was formally established after receiving regulatory approvals. The JV will be led by Geely's Tong Xiangbei and based in Ningbo, with three executives from each carmaker named to the venture's board.

* Carlos Ghosn's legal team accused Nissan Motor Co. Ltd. of using a "flawed, biased" system to investigate the financial misconduct charges against the executive, resulting in a "gross perversion of the truth," Reuters reported. They said Nissan "never once" interviewed or shared information with Ghosn, adding that the charges were meant to stop Ghosn's plans to merge Renault and Nissan. Separately, Nissan added former acting CEO Yasuhiro Yamauchi and former senior executive Hitoshi Kawaguchi to its taskforce to handle accusations by Ghosn, Reuters reported, citing three sources.

CARMAKERS

* The head of Volkswagen AG's Seat brand, Luca de Meo, stepped down. Renault SA reportedly offered de Meo the CEO position in December 2019. Carsten Isensee, Seat's vice president for finance, will take over as president for the Spanish carmaker while performing his regular duties until further notice.

* Volkswagen said it is seeking more than €100 million in damages from its former components supplier Prevent USA Corp. amid an ongoing legal dispute between the two, Reuters reported. Prevent sued the German carmaker in a district court in Michigan on Nov. 18, 2019, accusing the company of "anti-competitive and tortious tactics" in order to "maintain its stranglehold" over car parts suppliers and to stop Prevent from acquiring smaller rivals.

AUTONOMOUS AND CONNECTED VEHICLES

* Calif.-based software company Wind River said it will team up with Chinese search engine Baidu to develop self-driving car solutions. The companies said they developed a proof of concept with an AUTOSAR Adaptive–based software architecture built for Baidu's self-driving platform Apollo.

* South Korea's LG Electronics and Swiss tech company Luxoft said they agreed to form a venture for in-vehicle infotainment, The Korea Herald reported. The venture will be based in Santa Clara, Calif., and launch in the first half of 2020.

* Aptiv PLC unveiled its Smart Vehicle Architecture, or SVA, designed to handle self-driving software and connected-car applications.

POLICY, REGULATION AND SAFETY

* Tokyo prosecutors raided the office of Junichiro Hironaka, one of Ghosn's lawyers, and seized a computer to find details on how Ghosn escaped, MarketWatch reported.

AUTO PARTS AND EQUIPMENT

* Goodyear Tire & Rubber Co. said it allocated $100 million to a new venture capital fund that will invest in future mobility services and technologies over the next 10 years. Goodyear Ventures will focus on startups involved in electric and autonomous technologies, connected mobility solutions, next-generation public mobility, next-generation aviation mobility, future transportation infrastructure, maintenance and operations, emerging technologies and new tire materials, the company said.

* Bridgestone Corp. said it won an infringement lawsuit it filed against Chinese rivals Shandong Huasheng Rubber and Shandong Hongsheng Rubber in the Shanghai Intellectual Property Court. Bridgestone said Huasheng and Hongsheng's tread patterns infringed on its design rights, adding that it received 900,000 Chinese yuan in damages.

* Lear Corp. said it invested an undisclosed amount in Autotech Ventures, which seeds mobility-related startups.

AUTOMOTIVE RETAIL

* Bayerische Motoren Werke AG saw 2019 sales climb to a record 2.5 million vehicles, Reuters reported, citing sales head Pieter Nota, who added that it expects to break its record in 2020.

Now featured on S&P Global Market Intelligence

Tesla doubles down on China with Model Y SUV production

CES 2020: Sony surprises with connected car prototype

CES 2020: Qualcomm spotlights new 5G laptop, autonomous driving platform

CarMax, Darden pull down S&P Consumer Discretionary index in December

Batteries behind CES stars see boost; Mexico prunes its oil hedge

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng lost 0.83% to 28,087.92, and the Nikkei 225 fell 1.57% to 23,204.76.

In Europe, around midday, the FTSE 100 slid 0.02% to 7,572.52, and the Euronext 100 shed 0.04% to 1,152.67.

On the macro front

The ADP employment report, the U.S. Energy Information Administration Petroleum Status Report and the U.S. consumer credit report are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

The Daily Dose is updated as of 8 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.