Automakers

File Image New Delhi: The location data and technology platform, Here Technologies today announced its further commitment to improving the safety of road users by helping global car manufacturers reach higher New Car Assessment Program (NCAP) scores with a tailored set of location-based products.New Car Assessment Programs are voluntary vehicle safety performance programs that rate the safety of new passenger vehicles sold in their regions. NCAPs award the well-known ‘star ratings’ based on a vehicle’s performance in a…

BMW's iX electric SUV in China was the first global car brand to include the automobile version of Tencent's WeChat messaging app, according to the Chinese tech company.TencentBEIJING — Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China's massive electric vehicle market.BMW and some U.S. automakers are already working with Tencent, Liu Shuquan, vice president of Tencent Intelligent Mobility, which is part of Tencent's cloud business.…

Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass US$52 billion in subsidies for US semiconductor production, according to a letter seen by Reuters. “If the U.S. is to remain a leader in automotive innovation, we must make the strategic, forward-looking investments today necessary to enhance the capacity and resilience of our domestic and regional semiconductor supply chains,” the…

Paul Stenquist / New York Times: After Tesla shifted entirely to online car sales in 2019, other US automakers could follow suit, seeking lower costs and wider distribution — Tesla shifted to selling cars entirely online in 2019. Now, some established automakers, like Ford, are talking about taking a similar approach. Paul Stenquist / New York Times: After Tesla shifted entirely to online car sales in 2019, other US automakers could follow suit, seeking lower costs and wider…

Shifting political winds during the US November mid-term elections could spell trouble for automakers' hopes of getting billions of dollars in consumer tax credits that would help the United States compete with Chinese and European rivals. General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor Corp have pledged to invest more than $170 billion through 2030 to bolster EV development, production and sales. Automakers are making a furious last-ditch effort to convince Congress to approve an…

With inflation biting around the world, Toyota Motor, Nissan Motor and others are shouldering more of the burden of soaring raw materials prices, or extending other help to hard-hit parts makers, executives told Reuters. The measures show how automakers are attempting to shore up already strained supply chains, wracked by COVID-19 pandemic lockdowns and a global shortage of semiconductors, even at the cost of lower profit…

One of BYD's bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022.Anadolu Agency | Anadolu Agency | Getty ImagesBEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company's climb into the ranks of the top three automakers in China.That's according to data by the China Passenger Car Association which was released Friday. China is the world's largest auto market.Backed by Warren Buffett's Berkshire Hathaway, BYD is also a battery…

The $7,500 federal EV tax credit has been used for several years to entice consumers to make greener car purchasing decisions, but it has expired for some automakers — and they feel the government needs to remove limits on that incentive. Reuters has learned the CEOs of Ford, GM, Stellantis and Toyota sent a letter to congressional leadership asking them to eliminate the sales-based tax credit cap. The move would help counter economic factors and supply shortages that have raised the costs of producing EVs, according to…

LG has settled with GM over the Chevrolet Bolt battery recall General Motors, Ford , Stellantis and Toyota Motor North America on Monday urged Congress to lift a cap on the US$7,500 electric vehicle tax credit, citing higher costs to produce zero-emission vehicles, according to a letter seen by the Reuters news agency. Automaker CEOs – GM’s Mary Barra, Ford’s Jim Farley, Stellantis’ Carlos Tavares and Toyota…

Jidu, Baidu's electric car venture alongside Geely, revealed its first concept car on June 8, 2022.BaiduBEIJING — As Chinese companies race for a slice of the world's largest car market, they're betting heavily on assisted driving technology.China sold nearly 21.5 million passenger cars last year. That's roughly the equivalent of sales in the United States, Europe and Japan combined, according to industry data accessed through the Wind database.Electric cars have grabbed a growing share of that Chinese market. Tesla,…