Automobile

Bloomberg Volkswagen AG’s Audi is expanding its partnership with Chinese manufacturer FAW as the German premium brand seeks to build more battery-powered cars geared to customers in its largest market. Audi and FAW signed a memorandum of understanding to start a company that will produce electric cars for the Chinese market from 2024, Audi said in a statement. The new ...

Bloomberg Sales of electric vehicles in Europe are growing at such a pace that the continent looks increasingly likely to outpace China in the near future. That’s one of the findings of a report by London-based automotive research firm Jato Dynamics. However, it found that Europe and the US still have a few things to learn from China, the world’s ...

Bloomberg Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on. “It’s a good thing for us,” WM Motor Co. founder and Chief Executive Officer Freeman Shen said. “We are very happy Tesla ...

Bloomberg Nissan Motor Co. expects to return to profitability in 2021 if the current momentum continues, with demand in China already bouncing back from the pandemic, Chief Executive Officer Makoto Uchida said. The company, which in May reported its first fiscal year loss in a decade and the biggest in 20 years, is forecasting a strong recovery in the Chinese ...

Bloomberg Amazon.com Inc.’s self-driving-car unit, Zoox Inc., is getting a green light from California to test autonomous vehicles on public roads without a safety driver, becoming the fourth company to receive the state’s blessing for truly driverless testing. The permit allows Zoox to operate two vehicles without a driver behind the wheel, a step up from approval it received four ...

Bloomberg Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market. China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, the people said, ...

Bloomberg Car sales fell in France and Spain in August, erasing gains made during the previous months and damping hopes for a rapid recovery from the coronavirus pandemic in Europe. French passenger car registrations dropped by a fifth compared with the same month last year, according to CCFA figures. The total of 103,635 was the lowest since May, when showrooms and ...

Bloomberg Amazon.com Inc. is buying 1,800 electric delivery vans from Daimler AG’s Mercedes-Benz, the retailer’s biggest commitment to date to cut the carbon footprint of its delivery operations in Europe. The deal, for the German automaker’s eSprinter and eVito models, will be complete by the end of the year, Amazon said in a statement. It comes two years after Amazon ...

Bloomberg McLaren Automotive’s first new vehicle chassis in a decade will carry a big burden, underpinning the supercar maker’s transition to all-electrified powertrains. The first of the gas-electric hybrid models built off the carbon fiber architecture will debut next year, McLaren said in a statement. Its composites technology center in Northern England’s Sheffield region developed the chassis and will produce ...

Bloomberg Hyundai Motor Co will manufacture electric vehicles in Singapore starting in 2022, the Straits Times reported. The Seoul-based automaker will produce 30,000 electric cars a year at the Singapore plant, with as many as 6,000 set to be sold in the city-state, the newspaper said, citing Teo Hock Seng, executive chairman of Hyundai distributor Komoco Motors. The first vehicle ...