Automobile

Bloomberg Amazon.com Inc. is deepening its ties with Ford Motor Co. in a deal that will integrate Alexa into the entertainment system of F-150 trucks and other models. Amazon’s digital assistant will roll out to about 700,000 Ford vehicles this year, including new and recent models of the pickup, as well as the Bronco and the electric Mustang Mach-E in ...

Bloomberg Hyundai Motor Group, which owns both the Hyundai and Kia car brands, said it will build electric vehicles in the US as part of a $7.4 billion investment that also covers hydrogen refuelling stations and unmanned flying taxis. The investments will be made through 2025, Hyundai said in a statement. It didn’t specify how much money would go to ...

Bloomberg Argo AI, the self-driving startup backed by Ford Motor Co and Volkswagen AG, has developed a sensor it believes will be key to commercialising autonomous transportation in cities, suburbs and on the highway. The Pittsburgh-based company, which plans to go public as soon as this year, unveiled a lidar sensor capable of “seeing” 400 meters (437 yards) down the ...

Bloomberg Toyota Motor Corp.’s global sales in March rise to a record, as the automaker’s ability to keep churning out vehicles amid a global shortage of chips puts the company in prime position to capitalise on a resurgence in demand for cars. Toyota’s global sales in March rise 44% to 982,912 units, a record for a single month, the company ...

Bloomberg French new car registrations soared 569% in April to 140,428 vehicles, rebounding from a year earlier when the coronavirus pandemic shut showrooms and auto factories. Registrations fall 25% compared with April 2019, showing that the vehicle market hasn’t yet recovered to pre-Covid levels, the CCFA association of carmakers said in a statement. The same trend was evident in the ...

Bloomberg BMW AG’s China joint-venture (JV) with Great Wall Motor Co. is set to start production in 2023, as the German carmaker aims to have electric vehicles make up one-quarter of its sales in the country. The construction of a manufacturing plant with Great Wall is “well under way” and the main structure should be completed later this year, BMW’s China ...

Bloomberg Mitsubishi Motors Corp will cut production by as many as 16,000 cars globally next month due to the chip shortage, according to a company spokesperson, latest automaker to succumb to the malaise that’s gripped the world’s automobile industry. The Japanese automaker produced 90,745 units globally in January and 88,754 cars in February, according to its website, so that trim ...

Bloomberg Zhejiang Geely Holding Group Co. is considering raising about $1 billion to help expand its iconic British sports and racing automotive business Lotus Cars into the electric vehicles market in China. Geely is working with advisers to sound out potential investor interest in a funding round that could value Lotus’s EV operations at about $5 billion, the people said. ...

Bloomberg Hyundai Motor Co. is pitching its new Ioniq 5 as being able to do more than the average EV. In a series of promotional videos on YouTube, a camper is shown running on a treadmill hooked up to the car’s battery, listening to their favourite tunes on a bank of speakers, and even rustling up a roast-chicken dinner in ...

Bloomberg Nate Calabrese almost skipped right over the “driver wanted” ad on job-search website Indeed.com because it offered so few details. Turned out the posting was for the Boring Co., the tunneling business owned by Elon Musk. That’s how Calabrese, 27, ended up driving people underneath the Las Vegas convention center in one of the first public peeks at the ...