Automobile

Bloomberg Volvo Car AB is recalling more than 460,000 vehicles worldwide over risk an air-bag component that’s bedeviled automakers for years could rupture into metal fragments and strike drivers. The Swedish carmaker told the US National Highway Traffic Safety Administration (NHTSA) it has identified potential for tablets of propellant in its vehicles’ air-bag inflators to decay if they’re subject to ...

Bloomberg Nissan Motor Co is planning to spend more than 130 billion yen ($1.2 billion) implementing new technologies that will make its global factories more efficient, less polluting and ready to produce next-generation cars such as electric vehicles. As part of its “Intelligent Factory Initiative,” Nissan has spent about 33 billion yen over the past two years installing advanced equipment ...

Bloomberg Automakers logged their weakest September sales in the UK since 1998 as the global shortage of semiconductors constrains production. Registrations plunged more than a third from a year ago to 215,312 cars, according to the Society of Motor Manufacturers and Traders. It’s a significant blow to the industry because September is typically the market’s second-busiest month of the year. ...

Bloomberg Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and sustainable interiors as options in their cars. So far, Volvo is among the very few brands to say it will not offer any leather at all, even as an option, ...

Bloomberg Redwood Materials Inc, the startup founded by Tesla alum J.B. Straubel, has formed a partnership with Ford Motor Co to recycle and reuse key ingredients within the lithium-ion batteries that will power the automaker’s burgeoning fleet of electric vehicles. The goal of the partnership is to create a closed loop for EV battery production within the US. Ford will ...

Bloomberg Daimler AG will team up with Stellantis NV and TotalEnergies SE to boost the scale of their European battery venture to more than 7 billion euros ($8.2 billion) and secure supplies for electric Mercedes-Benz cars. The world’s biggest luxury-car maker will take a 33% stake in battery manufacturer Automotive Cells Company, whose projects will be financed through equity, debt ...

Bloomberg Japan is bolstering its autonomous driving ambitions with a new project to be formally introduced on Wednesday to expand the use of self-driving vehicles in more than 40 locations around the country by 2025. The “Road to the L4” project aims to popularise advanced mobility services including Level 4 autonomous driving, wherein vehicles can operate without a human at ...

Bloomberg General Motors shares jumped after company said it expects to be reimbursed for battery recall costs from its supplier and sees a “more stable year” for chip supply in 2022. GM is in talks with battery supplier LG Chem over the costs of its Bolt electric vehicle battery recall, which has resulted in a $1.8 billion charge. The company ...

Bloomberg Tesla Inc. is raising the price of its Model Y Performance car in China by 10,000 yuan ($1,552), effective immediately, the company announced on Weibo. The vehicle’s new price will be 387,900 yuan, according to the statement. Elon Musk’s electric-vehicle maker reported a rebound in domestic China shipments in August, a bright spot after a torrid few months for ...

Bloomberg Nuro Inc, which has unmanned delivery pods scurrying around Southwestern streets, said that it will build a $40 million facility to assemble and test a new generation of autonomous vehicles in Nevada. The expansion marks an inflection point for the five-year-old robotics startup. After three years refining its autonomous driving system while delivering groceries, prescriptions and pizza, it says ...