Automobile

Bloomberg Mazda Motor Corp is considering a permanent exit from Russia after its invasion of Ukraine put a halt on the Japanese carmaker’s production in the country. The company said its withdrawal is under discussion as it sees no path to restarting production in Russia, following a Yomiuri report that said it had decided to pull out. The Hiroshima-based carmaker …

  Bloomberg It was a bit surprising when Cruise, the autonomous vehicle startup that’s 80% owned by General Motors, said it planned to expand its robotaxi service to Phoenix and Austin over the next three months. The company had just recalled a previous version of its self-driving software that was in use when a car got in an accident with …

Bloomberg The world’s biggest maker of batteries for electric cars said its largest plant in China is now operating a factory bubble as the city where it’s located is locked down to comply with Beijing’s zero-tolerance pandemic curbs. Contemporary Amperex Technology Co’s factory in Yibin has imposed a so-called closed loop system that will enable it to operate “in an …

Bloomberg BMW AG plans to buy electric-vehicle batteries from six new factories to be set up and run by companies including Contemporary Amperex Technology Co Ltd and Eve Energy Co as the world’s biggest luxury-car maker attempts to overhaul its supply chain. Two plants each in Europe, China and North America will produce round lithium-ion cells that enable longer ranges …

  Bloomberg Porsche said it’s still mulling an entry into the Formula 1 racing series after ending months of talks with Red Bull GmbH as a potential partner. Discussions faltered after the pair couldn’t agree on an “equal footing” on engine collaboration and team partnership, Porsche said. The stalling of the sports-car maker’s F1 aspirations come within weeks of Volkswagen …

  Bloomberg Just a minute. You have forgotten your phone.” The dulcet tone of the voice coming from the depths of the Maybach took people by surprise. People didn’t know who she was, but she was right. We’d left our cell charging in the center console. Turns out the Mercedes-Maybach S 580, especially its onboard artificial intelligence minder system, doesn’t …

  Bloomberg Ford Motor Co said it is cutting 3,000 jobs in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions also are being eliminated in Canada and India, a company spokesman said. The total includes 2,000 salaried …

Bloomberg More than $4.8 billion has been pumped into the electric-vehicle (EV) charging industry this year — a combination of roll-out announcements, debt financing, investment and acquisitions. And this is just the deals that have disclosed financial figures. Large corporates are competing for M&A targets with pure-play charging companies they may previously have acquired, and new competitors are cropping up. …

  Bloomberg Tesla Inc and SAIC Motor Corp told Shanghai’s government they may have difficulty maintaining production if a power crunch in Sichuan continues to impact suppliers, according to people familiar with the matter, prompting city officials to ask the southwestern province if it could prioritise electricity for the carmakers’ suppliers. The companies informed authorities in Shanghai that key parts …

  Bloomberg Chinese car maker Geely Automobile Holdings Ltd. reported first-half profit that missed analyst estimates as sales fell short of expectations — pummeled by Covid-19 lockdowns and supply chain disruptions. Net income dropped 35% to 1.55 billion yuan ($228 million) in the six months ended June 30 from a year earlier, the Hangzhou-based automaker said in a statement. That …