Automobile

Bloomberg Jaguar Land Rover (JLR) lost a UK court bid to get the trademark rights for the shape of its iconic Defender SUV, freeing billionaire Jim Ratcliffe’s Ineos Group to go ahead with the Grenadier off-road vehicle. A London court dismissed an appeal by JLR, owned by India’s Tata Motors Ltd. The UK Intellectual Property Office had found the shapes ...

Bloomberg BMW AG’s loss-making automotive division dragged the company into the red for the first time in more than a decade, rounding out a dismal quarter for European carmakers hit by the coronavirus pandemic. The German manufacturer lost 666 million euros ($787 million) before interest and taxes between April and June, its first quarterly deficit since the financial crisis in ...

Bloomberg General Motors Co. unveiled a long-awaited Cadillac electric vehicle that will offer Tesla Inc.-like range, though prospective buyers will need to be patient. The Cadillac Lyriq is debuting about four months later than planned, with GM having postponed the reveal because of coronavirus. But that interval pales in comparison with the two years it will take for the plug-in ...

Bloomberg Tesla Inc. could be on track to complete its new plant near Berlin more quickly than its Shanghai facility, according to a local government minister. The US carmaker has said it wants to finish the factory in Gruenheide by the middle of 2021, and faster than the Chinese operation, which went up in less than a year. The German ...

Bloomberg BMW AG will make a version of its X5 SUV that runs on hydrogen fuel-cells, part of the carmaker’s plan of producing as many drive variants as possible until one technology proves dominant. The i Hydrogen NEXT will get a limited production run starting in 2022, the German manufacturer said in a statement. Toyota Motor Corp. will supply the ...

Bloomberg Elon Musk, whose Tesla Inc. was a major beneficiary of government stimulus in the wake of the last global financial crisis, has soured on the concept. The outspoken chief executive officer of both Tesla and US government contractor SpaceX tweeted that “another government stimulus package is not in the best interests of the people,” in his opinion. A decade ...

Bloomberg Hertz Global Holdings Inc. has struck a deal that will cut the debt it owes lenders who financed its rental car fleet to less than $5 billion from $11 billion by December. 31, the company’s main bankruptcy lawyer said in court. Under an agreement with the lenders, Hertz has agreed to sell 182,000 cars over the next few months, ...

Bloomberg Tesla Inc. kept growing in China last month, with registrations of its electric vehicles jumping to a record in the world’s largest market as the coronavirus outbreak receded. In June, 14,976 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s a 32% increase from May and the highest monthly number so ...

Bloomberg Cars aren’t going away any time soon. So the ultimate green move will be combining two emerging technologies: autonomous driving and fully electric cars. Autonomy brings efficiency in driving and battery use, while electric cars drastically cut emissions, fuel costs and maintenance. Even so, a rift has developed within the automobile industry about the best way to move forward. ...

Bloomberg Tesla Inc.’s promotion of its driver-assistance system Autopilot is under scrutiny in Germany, where a court is scheduled to rule next week on whether the carmaker is misleading consumers. The maker of the Model 3 sedan says that Tesla vehicles have full potential for autonomous driving. The company also has promoted its cars as having the ability to perform ...