Automobile

  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 ...

  Bloomberg Tesla Inc. is recalling hundreds of thousands of vehicles after US authorities said its automated-driving technology could increase the risk of a crash. The automaker’s so-called Full Self-Driving Beta system “may allow the vehicle to act unsafe around intersections,” including travelling straight through from a turn lane and proceeding through steady-yellow traffic lights, according to a filing with ...

  Bloomberg Nissan Motor Co. aims to increase car sales in Europe and make the region one of its four core markets, the Financial Times reported on Sunday, citing an interview with a senior executive. The carmaker will raise Europe to the same level of importance as Japan, China and the US after gaining market share in the region in ...

  Bloomberg BMW AG is hoping to piggy-back on future hydrogen fuelling stations for trucks to help solve the protracted issue of building an expensive infrastructure network for cars powered by the alternative fuel. The German luxury carmaker, pushing on with plans for hydrogen models even as EVs proliferate, last year started production of fuel-cell systems for a small test ...

  Bloomberg Ford Motor Co. shares tumbled the most in four months after the carmaker missed earnings expectations, blaming poor execution and continued supply shortages. The results show Ford is struggling to balance the transition to electric cars from combustion vehicles. The company is counting on strong sales of gas-burning F-Series pickups and Bronco sport utility vehicles to help foot ...

  Bloomberg Having zipped from six-figure sedans to Costco-crushing SUVs, electrification is finally zeroing in on the auto industry’s most esoteric form: the tiny pickup truck. At least two major carmakers are considering adding small, battery-powered pickups to their growing parade of EVs. At General Motors Co., spokesman Stuart Fowle says a pint-sized pickup is one of several electric options ...

  Bloomberg Hyundai Motor Co. will invest 10.5 trillion won ($8.5 billion) over the course of 2023, according to an exchange filing, as it moves to electrify more of its fleet to sate rising consumer demand for cleaner cars. The money will be spent primarily on research and development and on building a new plant in Georgia, the Seoul-based automaker ...

Bloomberg Last year proved challenging both for carmakers and buyers. Higher interest rates, dogged inflation and price hikes on gas and consumer goods reduced monthly budgets at home, while automotive brands fought to maintain supply chains and inventories. Some luxury automakers escaped much of the pain, reporting record results. In 2022, Bentley delivered 15,174 vehicles globally, up 4% over 2021. ...

  Bloomberg India’s oldest conglomerate, Tata Group, is planning to set up electric vehicle cell-manufacturing operations in Europe as it tries to accelerate its British marque unit’s shift to battery-powered cars. Jaguar Land Rover (JLR) and Tata Motors will be the anchor customers for the facility, which will also sell battery cells to the wider market, Tata Motors Chief Financial ...

Bloomberg Stellantis NV may idle additional car manufacturing plants as it grapples with higher inflation on top of the cost of electrifying its lineup, Chief Executive Officer (CEO) Carlos Tavares said. “If we don’t optimise our cost structure, we cannot absorb the additional cost of electrification,” which risks leading to elevated car prices and a shrinking market, Tavares told reporters ...