Automobile

Bloomberg The auto industry dodged disaster when the UK and European Union (EU) sealed a post-Brexit trade accord, but not before carmakers announced factory closures and called off plans to make several new vehicles in the country. More damage may still be done even with the deal. Automakers including Nissan Motor Co. might struggle to qualify some UK-assembled models for ...

Bloomberg Ford Motor Co. is reversing plans to cede most of its Indian operations to Mahindra & Mahindra Ltd., deciding to pull out of a proposed joint venture and continue its standalone business in the country. The companies agreed to terminate the venture after reassessing in part due to the global coronavirus pandemic, they said. The decision ends a deal ...

Bloomberg Tesla Inc. is coming to the end of its first year selling China-made cars with a commanding position in world’s biggest electric-vehicle market, but Elon Musk shouldn’t rest on his laurels. While Tesla regularly topped monthly premium EV sales tallies in 2020, helped by the sedans churned out from its multibillion-dollar plant opened to much fanfare in Shanghai last ...

Bloomberg The problem with writing an annual retrospective on the luxury cars that should have been better in 2020 is that the worst of them weren’t actually bad, they were just forgettable. Or underwhelming. When you consider that the worst cars in past decades would actually break down, blow up, or impale you upon impact, complaining about being forgettable or ...

Bloomberg Apple Inc. plans to build a self-driving car for consumers and is targeting 2024 to produce the vehicle, Reuters reported. The company is developing its own battery technology that could reduce the cost of power packs and extend the vehicle’s range, Reuters said Apple is tapping outside partners for elements of the system, including lidar sensors that provide autonomous ...

Bloomberg Retail sales in Canada came in better than expected in October as more people bought cars, underscoring the effects of government income support and a recovering labour market. Sales climbed 0.4% from the prior month, Statistics Canada said in Ottawa, the sixth-straight monthly increase. Economists predicted no change. The September figure was revised to a gain of 1.9% from ...

Bloomberg Volkswagen AG, the German automaker, is bracing for a major production disruption from a shortage of semiconductors. The world’s largest automaker will need to adjust first-quarter manufacturing plans around the globe because of the bottleneck, VW said in an emailed statement, without giving specific figures. The number of cars affected could be in the low six-digit range. The situation ...

Bloomberg Chinese electric-car maker Nio Inc joined the rush for fundraising among new-energy vehicle manufacturers, capitalising on a 11-fold increase in its share price this year to boost its coffers. The manufacturer is selling 60 million American depositary shares in a follow-on offering, and has the option to sell another nine million, according to a statement. Based on its latest ...

Bloomberg Car-sharing startup Turo Inc is returning to New York, seven years after leaving the state that was once its biggest market over a dispute with regulators about insurance rules. Turo, which allows vehicle owners to put their personal cars up for daily rentals through its website and smartphone app, aims to compete with traditional offerings from Avis Budget Group ...

Bloomberg Volkswagen AG is accelerating development of a compact electric car that will cost less than 30,000 euros ($35,800) as tightening emissions rules and generous subsidies bolster sales of battery-powered vehicles, according to people familiar with the matter. The VW-branded car may be introduced as early as 2023, flanking the ID.5 crossover to be sold from next year as well ...