Automobile

BLOOMBERG Tesla Inc. is under investigation by US regulators over complaints the steering wheel can fall off certain new Model Y vehicles while they’re in use. The National Highway Traffic Safety Administration (NSTSA) said it’s aware of two incidents in which the wheel detached from the steering column while drivers were operating the 2023 model year SUVs. The preliminary evaluation ...

BLOOMBERG Nissan Motor Co. is developing new modular powertrains that will help streamline production and drive manufacturing costs for hybrid cars down by as much as 30%. By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026, ...

BLOOMBERG The role of the squeaky wheel in Renault and Nissan’s alliance looks to be changing in a remarkable example of what a difference a year makes. One year ago, Renault shares hit rock bottom in a rout triggered by the invasion of Ukraine. Fitch Ratings was sounding alarm bells about the carmaker’s exposure to Russia, then its No. 2 ...

BLOOMBERG Two of Europe’s most venerable names in the car industry, Porsche and Ferrari, are surfacing in an European Union (EU) debate about a plan to kill the combustion engine — and they’re changing the conversation. The luxury sports-car makers are seeking a carve-out for synthetic electro-fuels, or e-fuels, from the EU’s planned 2035 ban on new internal combustion engine ...

BLOOMBERG Elon Musk’s latest master plan for Tesla Inc fell flat as the electric-car maker shared scant details about next-generation models that will underpin its next phase of growth. The almost four-hour presentation was long on calculations of what the sustainable energy transition will require, along with boasts about manufacturing and engineering efficiencies. But Musk and the executives who joined ...

    BLOOMBERG Tesla Inc will sell its electric cars in Malaysia to tap into the rising foreign demand for EVs in the Southeast Asian. Elon Musk’s EV pioneer will set up an office in Malaysia, introduce service centres and build a network of superchargers, the trade ministry said in a statement after approving Tesla’s application to import EVs. Malaysia ...

BLOOMBERG Chinese electric carmaker Li Auto Inc expects first-quarter revenue to come in as high as $2.7 billion as a revamped and expanded product lineup helps it win sales from rivals including Tesla Inc. The Beijing-based auto manufacturer said revenue for the three months ending on March 31 should be between 17.5 billion yuan ($2.5 billion) to 18.5 billion yuan, ...

BLOOMBERG American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter. The used car retailer, which tends to target consumers regardless of their credit history, said in an email to employees the firm was ceasing all operations, closing its ...

BLOOMBERG Mercedes-Benz AG has tapped Google to assist with a reboot of software-based features it’s expecting to generate just under €10 billion ($10.6 billion) of additional revenue by the end of the decade. The new operating system, to debut around 2025, will go into models spanning Mercedes’s entire lineup and keep vehicles updated throughout their lifespan, the luxury-car maker said. ...

  Bloomberg As recently as 10 years ago, touch screens in cars were tiny — if they were there at all. Most were grudgingly added by automakers in anticipation of a US mandate on backup cameras, or an early response to Elon Musk, who dropped a 17-inch monitor into a Tesla in 2012. Destinations were largely DIY, mapped on a ...