Automobile

  Bloomberg British carmaker Lotus’s bid to move from bit player in the racy roadster market to mass relevancy rests on a 600-horsepower electric SUV. China’s Zhejiang Geely Holding Group Co, which in 2017 purchased a majority stake in the heritage brand, revealed the Lotus Eletre in London, where it was driven onstage by Formula 1 champion Jenson Button. The ...

  Bloomberg Ford Motor Co is boosting its electric-vehicle lineup with seven new models over the next two years across its passenger car and commercial van range to target sales of more than 600,000 battery-powered vehicles. The US carmaker is also doubling to $2 billion its planned investment at its key European production site in Cologne, Germany, to make electric ...

  Bloomberg Toyota may stop manufacturing in the UK because of a government policy that mandates a rapid switch to fully electric vehicles, the Times of London reported. The company told Transport Secretary Grant Shapps about its concerns for the plan’s transition phase, which bans new gasoline and diesel cars from 2030. While hybrid vehicles will be allowed until 2035, ...

  Bloomberg It’s rare to have someone who owns a whole car club tells us he’s jealous of the vehicle people are driving. Otto Car Club’s Eli Kogan has access to Paganis, Lamborghinis, Ferraris, and McLarens galore. But seeing people behind the wheel of a 2022 Porsche 718 Cayman GT4 RS made him green with envy, he told people. The ...

Bloomberg It took people 15 minutes to get out of the driveway with the 2022 McLaren 765LT Spider. And that was after the ear-splitting chaos of setting off the car alarm opening one of its winged doors because we had left the key inside the garage. The driveway meets the road with a subtle divot that belies its precarious nature. ...

  Bloomberg Car sales in the European Union skidded to the lowest on record for February, as manufacturers brace for more disruption to output from supply-chain issues exacerbated by war in Ukraine. New-vehicle registrations in the EU fall 6.7% to less than 720,000 for the month, the European Automobile Manufacturers’ Association said. When including the UK and free-trade association countries, ...

  Bloomberg Ford Motor Co projects a 12% drop in US sales this year as production bottlenecks worsen, Automotive News reported. Executives told dealers they now see US deliveries of 1.66 million vehicles this year, down from 1.9 million in 2021, the publication said, citing two people present at the meeting. The US automaker has already lost 100,000 units of ...

  Bloomberg Panasonic Corp plans to build a US factory to supply Tesla with lithium-ion batteries, Japanese national broadcaster NHK reported, seeking to ramp up production to meet anticipated demand for electric vehicles. The Japanese electronics conglomerate is looking at sites in Oklahoma and Kansas to build the plant, NHK reported, citing a person it didn’t identify source. Tesla is ...

Bloomberg Volkswagen AG said it will continue to explore an initial public offering of the German manufacturer’s Porsche sportscar brand as markets are roiled by Russia’s invasion of Ukraine. A listing could happen at the earliest in the fourth quarter, VW Chief Financial Officer Arno Antlitz said. The plan comes on the heels of the fighting in Ukraine, which has ...

  Bloomberg Japan’s top automakers emerged from a tough 2021 punctuated by a global semiconductor shortage and are forecasting profit will increase on the back of higher vehicle prices. However, a looming shortage of analog chips threatens to cloud the outlook. While tight supplies of semiconductors are set to ease later this year, the next bottleneck is likely to come ...