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: us automotive industry news
Cupra announced Raval as the name of small electric hatchback
Also on Thursday, the Seat announced record operating profit for the first quarter of 2023, at 144 million euros, compared with five million euros in the first quarter of 2022. Revenue was 3.6 billion euros, 48 percent higher than the first quarter of 2022. Cupra began as a trim line of Seat and became its…
Ford to alter China strategy, Farley says
Farley said the region remains key to Ford. “We believe that not only is it the biggest EV market in the world, but customers digitally are ahead of the rest of the world, and so it’s a really important market for us,” he said. “And what we really see in our presence there is battery…
Robotaxi companies like Cruise, Waymo, Baidu seek scale
Robotaxis operate like ride-hailing services. Both incorporate data analytics to determine where rides will be needed, maximizing the utilization of their platforms. Customers hail them via apps. The similarities end there. “It is an entirely different business than ride-hailing,” said Alisyn Malek, CEO of consulting firm Middle Third and former COO of self-driving tech startup…
Leasing a Nissan Leaf just got cheaper
Nissan was an early proponent of local sourcing for the Leaf, when it constructed a dedicated battery plant next to its Smyrna vehicle assembly that produced its own battery cells. Japanese supplier Envision AESC now operates that battery production center on the Smyrna site. But now, to qualify for the full $7,500 federal tax credit,…
Ford Oakville plant’s switch to EVs will start in 2024
Ford Motor Co. on Tuesday said the previously announced $1.3 billion transformation of its Oakville Assembly Plant for electric vehicle manufacturing will begin in the second quarter of next year and take about six months to complete. During that time some of the 3,000 workers at the Ontario, Canada, the site will be furloughed, although…
EV startups are burning through cash. Can they attract more investment?
In September 2020, Hindenburg Research released its report on Nikola, saying it was “an intricate fraud.” The company acknowledged a truck appearing to cruise down a desert road under its own power in a video was not. The SEC launched an inquiry. Ultimately, Trevor Milton, Nikola’s founder, was convicted of fraud. Nikola settled with the…
Ford job cuts in Europe: Where the ax will fall
A spokesperson at the automaker’s headquarters in Michigan said on Monday that discussions with the German works councils were continuing and that the company needs to be “more competitive” as it transitions to EVs. He would not comment on specific job plans. Workers were told to expect concrete numbers of job losses from the automaker…