Automobile

Bloomberg Volkswagen AG’s unprecedented move to halt output on both sides of the Atlantic costs the world’s largest automaker $2.2 billion per week, and CEO Herbert Diess said decisive action is critical to overcome the coronavirus pandemic. Sales outside China have effectively come to a standstill, while demand in the country, VW’s largest single market, has clawed back to about ...

Bloomberg The electric vehicle revolution that by most accounts was ramping up in 2020 faces one of the biggest threats since EVs started to go mainstream in the last decade. The outbreak of the novel coronavirus in late December has paralysed key parts of the Chinese economy. By early March, the virus spread further across Europe and into the US. ...

Bloomberg Do automakers investing billions in the self-driving cars of tomorrow risk repeating the same mistake they made with electric cars a decade ago? Cutting-edge robotic people-movers from the likes of General Motors Co, Toyota Motor Corp and Jaguar Land Rover all share similarly rectangular dimensions with more of an eye towards engineering practicality. Even Waymo, the self-driving arm of ...

Bloomberg Sports-car maker Porsche AG intends to offer more green debt to support its 6 billion-euro ($6.6 billion) investment in electric vehicles. The Volkswagen AG unit will stick with green financing after selling a record 1 billion-euro green Schuldschein last year, according to Wolfgang Ratheiser, vice president for corporate finance and treasury. It has for now ruled out raising potentially ...

Bloomberg The maker of Britain’s iconic black cabs is building a plug-in hybrid van that can travel for 377 miles without recharging or filling up, in a bid to win over long-distance delivery firms and other companies that rely on purely gasoline vehicles. London Electric Vehicle Co is targeting high-mileage fleets at firms such as Royal Mail Plc and utilities ...

Bloomberg Hyundai Motor Group has struck a deal to develop electric vehicles (EV) with Los Angeles-based startup Canoo. Under the terms of the agreement, Hyundai and its Kia affiliate will gain access to Canoo’s engineers and technology as the two South Korean automakers look to expand their production of EVs. Hyundai and Kia both recently announced plans to invest heavily ...

Even in its worst days, Cadillac could count on its big, swanky Escalade to deliver profits. It still does, but with Ford Motor Co’s Lincoln Navigator and a handful of European competitors taking a bite out of the large luxury SUV market, General Motors (GM) Co is making a push to turn the fifth-generation Escalade into a high-tech showcase. When ...

Mercedes-Benz is considering adding more plug-in hybrids to its AMG performance-car lineup, as the world’s top-selling luxury carmaker seeks to balance consumer demand for roaring combustion power with government pressure to meet stricter emission rules. Fleet customers of Daimler AG’s main brand have responded well to a growing list of hybrid models for sale, ranging from compacts to full-size vehicles, ...

Samsung Electronics Co kicked off 2020 with an array of gadgets from prototype augmented-reality (AR) glasses to a new smart speaker that the company hopes will kickstart a fresh foray into the crowded smart home arena. The world’s biggest home appliance maker set out its latest Internet of Things strategy, describing it as an “Age of Experience,” at the CES ...

Tesla Inc shares opened at new highs after the electric-car maker reported a new record for quarterly deliveries of 112,000 units in the final three months of 2019. The electric-vehicle maker handed over 92,550 Model 3 and 19,450 Model S and Model X electric vehicles in the fourth quarter, according to a statement, eclipsing its previous total best of 97,000 ...