Automobile

  Bloomberg Shares in Ferrari NV tumbled the most in more than two weeks after the luxury sports carmaker issued a recall for 2,222 of its vehicles in China, telling owners there may be some problem with the brakes. According to Bloomberg Intelligence data, that’s the equivalent volume of almost every car Ferrari has sold in the country since 2018 …

  Bloomberg When Toshihiro Mibe took over as Honda Motor Co.’s chief executive officer last year, he did so with a bang, promising to achieve carbon neutrality by 2050 and phase out gasoline-powered car sales by 2040, becoming Japan’s first automaker to say as much. Now, he’s backing that with numbers. Honda will spend 5 trillion yen ($40 billion) on …

  Bloomberg As the top-selling model line in the US for 40 years, Ford Motor Co’s F-Series pickups hold special weight in the auto ecosystem. The lineup, led by the F-150, generates more than $40 billion in annual revenue. Only one other US product—Apple Inc.’s iPhone—tops F-Series sales. Given this, Ford’s decision to electrify the F-150 stands as one of …

  Bloomberg There may be no more polarising vehicle than General Motors Inc’s new Hummer EV. The $112,595, more than 9,000-pound pickup is a gargantuan remake of the military vehicle that was tamed for civilians in the 1990s. It is 1,000 horsepower of muscled Americana with knobby tires and a ridiculous launch mode that will further inflate the diaphanous egos …

  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, …