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Browsing Category
auto
Toyota says 15% of sales will be BEV, fuel cell by 2030
Executives said development lead time for the bZ4X was about 30 percent shorter than for a traditional Toyota model. And the company expects to slash another 15 percent off the lead time of subsequent EV offerings.
To deliver the…
Hyundai, Kia EV plan brings major investment
Hyundai Motor Group has lately had a lot to say about its ambitions in electric vehicles and advanced transportation technologies. Last week, it vowed to put its money where its mouth is.
The South Korean automaker said it will invest $7.4…
Estimated microchip shortage cost: $110 billion
AlixPartners estimated that a typical new vehicle today contains as many as 1,400 chips. "And that number is only going to increase as the industry continues its march toward electric vehicles, ever-more connected vehicles and, eventually,…
Marelli wants to build EV drive systems
Marelli was born in 2019 from the Japanese heating, air conditioning and exhaust supplier Calsonic Kansei and Magneti Marelli, the former auto components business of Fiat Chrysler Automobiles. Now, it needs a partner to develop products…
Infiniti to suspend QX50 production because of chip shortfall
The chip shortage comes as Infiniti juggles multiple key product launches.The all-new QX55 sporty crossover began arriving in U.S. stores last month, while production of the redesigned QX60 is expected to begin in early July.The QX60…
U.S. senators near deal on $52 billion microchip funding measure
WASHINGTON -- A group of U.S. senators are close to unveiling a $52-billion proposal Friday that would significantly boost U.S. semiconductor chip production and research over five years sources briefed on the matter told Reuters.
Senators…
Chip shortage could cost car industry $110 billion in lost revenue, AlixPartners says
Automakers have been idling plants for days or weeks at a time as the shortage worsens, with Ford Motor Co., General Motors and Stellantis taking some of the worst hits.
In recent weeks, BMW — which was once largely unscathed by the crisis…
Aprilia SXR 125 Maxi-Scooter Launched in India at Rs 1.14 Lakh; Check Features & Specifications
Piaggio India has finally announced prices of the Aprilia SXR 125 maxi-scooter in the country. Based on the elder sibling, the SXR 125 scooter costs Rs 1,14,994 (ex-showroom, Pune). The company is now accepting…
Tesla Suspends Vehicle Purchases Using Bitcoin, Confirms CEO Elon Musk via Twitter
San Francisco: After less than two months of going bullish on Bitcoin, Tesla on Thursday applied brakes on the popular cryptocurrency as a payment mode to buy its electric vehicles, citing environmental harm. Musk…
How Do We Stop EV Adoption Becoming a Powder Keg?
The Geely Auto Group (which owns Volvo, Proton, Lotus, Terrafugia and LEVC) plans on challenging Tesla within the luxury electric car sector while simultaneously Lucid, the electric car company, prepares to release…
MG Motor India Extend Warranty, Service Validity of Schedules Due in April & May 2021
New Delhi, May 12: MG Motor India on Wednesday said it has extended warranty and service validity of all schedules due in April and May. The MG customers will now be able to avail their schedules until July 31,…
Carlos Ghosn was ‘retention risk,’ Nissan’s Kelly says at trial
Former Nissan Motor Co. Director Greg Kelly testified in court in Tokyo for the first time, saying he considered Carlos Ghosn a flight risk after the ex-chairman voluntarily reduced his own pay, and that he looked for legal ways to keep…
Tesla China sales falter
Tesla Inc. sales in China dropped last month amid stepped up criticism of the U.S. automaker. But exports of its China-made electric cars were robust, a sign of increasing demand in Europe.
Tesla sold 25,845 locally made vehicles in April,…
President Biden to tour Ford Motor Co.’s new electric F-150 plant in Michigan
President Joe Biden plans to tour Ford Motor Co.'s electric pickup truck plant near Detroit on May 18, the day before the automaker is set to unveil its new F-150 Lightning EV, according to a source briefed on the president's plans.
Biden…
Stellantis extends production cut at Ontario minivan factory due to microchip shortage
Stellantis is idling its minivan plant in Windsor, Ontario, for another week due to the ongoing global microchip shortage.
The company confirmed a union Twitter post saying the factory that builds the Chrysler Pacifica, Grand Caravan and…
Nissan Motor posts record annual loss due to pandemic, chip shortage, following Carlos Ghosn scandal
TOKYO -- Nissan Motor Cop. reported a record annual loss on Tuesday as the coronavirus pandemic hit vehicle sales and a global shortage of semiconductors forced the automaker to cut production.
Nissan said in a statement that its annual…
Tesla puts brake on Shanghai land buy as U.S.-China tensions weigh, report says
SHANGHAI -- U.S. electric-car maker Tesla Inc. has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by U.S.-China tensions.
With 25…
Mercedes offers sneak peek at electric van for growing EV lineup
Mercedes-Benz is giving a sneak peek of an electric van concept that the automaker says is "near series production" ready and is among the models it is adding to broaden its battery-powered range over the next year.
The electric iteration…
Tesla’s Supercharger Network Achieves 25,000 Milestone: Report
San Francisco: Elon Musk-owned Tesla's Supercharger network has now reached a total of 25,000 chargers -- a big milestone for the fast-charging network. At the end of 2020, Tesla had over 20,000 charging stalls at…
Managing crisis crucial with launches on horizon
"There's a possibility that we need to look at how we manage the supply chains, that we have more visibility of what's happening in the various tiers of the supply chain, so that our intelligence is more immediate, and we can move faster,"…
GM isn’t making many amigos
If a tree falls in the forest, but the press release is quietly issued only in Spanish, does it make a sound?Well, the UAW heard loud and clear. The union called General Motors' plan to invest 20 billion pesos toward vehículos eléctricos…
Automakers get creative to navigate chip shortage
Stellantis is working on more standardization across its vehicle lineup rather than having to use specific chips for some models, CFO Richard Palmer said on a call with reporters last week.
"More standardization and flexibility — which is…
Auto supply chain woes continue to mount
David Dauch, CEO of driveline supplier American Axle & Manufacturing Inc., acknowledged that it seemed to many people that the global shortage of microchips would be an inconvenience only for the "first of the year" — but it now looks…
Lion Electric to open electric bus, truck plant in Joliet, Ill.
Lion will join Rivian as the second company making EVs in the state. Rivian expects to begin making trucks at a former Mitsubishi plant in Normal, Ill., next month that will employ about 1,000 workers. Headcount is expected to grow to more…
Stellantis to adopt hybrid workplace strategy
DETROIT -- Stellantis wants white-collar employees to think of the workplace as a tool, not merely as an office where they work. This mindset underscores the automaker's global effort to reimagine its workplace strategy, dubbed the "New…
Do Your Bit to Save The Planet – Celebrate Responsibly with BCB International’s First of its…
The summer countdown is well and truly underway in Great Britain and after the year we have all had to endure we are looking forward to it, more than ever before!
It’s no secret that Britain’s favourite summer…
Tata Motors to Hike Passenger Vehicle Prices From May 8, 2021
New Delhi, May 7: Tata Motors on Friday said it will increase prices of its passenger vehicles by an average of 1.8 per cent depending upon the model and variant from May 8, in order to partially offset the rise in…
VW starts building 3rd EV plant
Volkswagen Group began construction on a factory at its joint venture with Jianghuai Automobile Co. in the eastern city of Hefei to ramp up electric-vehicle production in China.
The plant, due to launch output in the second half of 2023,…
Mahindra Group To Set Up Mahindra Advanced Design Europe in UK’s West Midlands
Mumbai, May 6: Mahindra Group on Thursday said it will set up 'Mahindra Advanced Design Europe' (M.A.D.E) in the UK's West Midlands. The new Centre of Excellence will be a part of the Mahindra Global Design Network…
Microchip shortage forces automakers to leave out some high-end features
Nissan, which in early January became one of the first automakers to warn of an impending shortage, is also prioritizing chip supply to the two best-selling models in each major market, the person said.
In one instance, Nissan flew chip…