Tesla Inc. recalled virtually every car it’s sold in China due to a braking and acceleration defect that may increase crashes and safety risks. The automaker will deploy an over-the-air software fix to more than 1.1 million vehicles produced in Shanghai from January 2019 to April this year, plus some models imported into China, the…
Tag: automotive news canada
45% of used-vehicle loan terms ‘frighteningly’ long at 84 months, up from 25% in 2021
With high vehicle values and high interest rates compromising affordability, buyers — particularly entry-level ones — have been forced to extend borrowing time frames, Ross said. “Consumers are looking to stay in a consistent monthly payment range to what they used to previously, so the only thing they have is to elongate that loan term,”…
VW’s Cariad, ThunderSoft partner on connectivity, infotainment
BERLIN — Volkswagen Group’s software unit Cariad will establish a joint venture with Chinese technologies provider ThunderSoft for connectivity and infotainment systems in China, with ThunderSoft holding a 51 percent stake. The partnership will develop software products for car cockpits, infotainment systems and cloud development. These are consumer-facing areas where automakers are competing to set…
Rising new car prices stalling purchases
More than a quarter of shoppers who would have bought a new vehicle within a year now report they’ll give it another 12 months. Additionally, interest in buying a new vehicle within the next six months has fallen below pre-pandemic levels, according to market research company GfK, which pointed to vehicle affordability as the culprit….
Germany’s auto industry must defend itself in moving to EVs
Germany for decades led on well-engineered combustion cars. It’s now facing a watershed year in the quest to retain an edge in the age of electric vehicles. Europe’s biggest economy is under growing pressure to retool dozens of fossil fuel-era factories employing tens of thousands of workers in a race for clean-technology leadership with the…
Amazon deploys 5,000 Rivian vans
“To date, Amazon’s Rivian vans have delivered more than 150 million packages across the country,” Amazon said in a blog post Thursday. More than 800 cities now have the electric vans delivering packages, the retailer added. Amazon first deployed the EDV van about a year ago. For the US, the van comes in three cargo…
Here’s how US auto sales shook out in the first half of 2023
Six months into 2023, the supply shortages that had handcuffed sales for several years were fading, and volume was up year over year in nearly every vehicle segment. General Motors outsold Toyota at the halfway point for a second consecutive year, and Ford was on pace to become the top brand for the first time…
The latest numbers on the automotive microchip shortage
There are more signs that the microchip shortage is easing, even as automakers cut 82,573 vehicles from production plans worldwide last week, according to the latest estimates from AutoForecast Solutions. North American factories lost 38,677 vehicles because of a lack of semiconductors last week, in addition to 21,700 cut from assembly plants in China and…