Automaker Stellantis’ (STLA.MI) Chrysler brand said on Wednesday it plans to shift to an all-electric lineup by 2028 and introduce new products, including a utility vehicle, as it moves forward, the North American brand’s chief executive said.

Chrysler is scheduled to show the Airflow concept vehicle at the Consumer Electronics Show (CES) in Las Vegas, offering a view into the brand’s design direction as it looks to remake itself and boost sales, Chris Feuell said in an interview. The plan is for the brand to offer its first EV by 2025 and add additional electric vehicles as it shifts from a lineup with gasoline-powered engines. Continue reading “Stellantis’ Chrysler brand to go all electric by 2028 -executive”

BERLIN, Jan 4 (Reuters) – German carmaker BMW achieved record sales of over 2.2 million vehicles from its BMW brand in 2021, the company said on Tuesday, outstripping 2019 sales even among a global chip shortage.

“For the first time ever, more than 2.2 million vehicles of the BMW brand were sold,” a spokesperson said. “BMW is in first place in the global premium car segment in 2021.” Continue reading “BMW brand achieves record sales over 2.2 mln vehicles in 2021”

Jan 4 (Reuters) – Hyundai Motor Co (005380.KS) envisions an interactive and partly virtual future it calls “metamobility,” where a variety of robotic devices interact with humans to provide a broad range of mobility services, from automated individual transportation to remote control of robots in “smart” factories.

Hyundai executives, led by Chief Executive Euisun Chung, elaborated on that vision in a media briefing at the annual Consumer Electronics Show in Las Vegas on Tuesday. Continue reading “Beyond cars: Hyundai says ‘metamobility’ will link real and virtual worlds in the future”

Shares of Ford Motor (F.N) and General Motors (GM.N) surged on Tuesday, lifted by investors’ growing enthusiasm about their future electric pickup offerings.

Ford’s stock jumped more than 11% to its highest level since 2001 after the Detroit automaker said it will nearly double production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles. It said the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers. Continue reading “Ford, GM shares jump as electric truck battle heats up”

Japanese automaker Toyota Motor Corp (7203.T) outsold General Motors Co (GM.N) in the United States in 2021, marking the first time the Detroit automaker has not led U.S. auto sales for a full year since 1931.

Toyota sold 2.332 million vehicles in the United States in 2021, compared with 2.218 million for General Motors, the automakers said on Tuesday. Continue reading “Toyota dethrones GM as U.S. sales leader after nearly a century on top”

Volvo Car Group (VOLCARb.ST) has appointed Jim Rowan as new chief executive to succeed long-time CEO Hakan Samuelsson in March, it said on Tuesday.

Rowan, currently CEO at U.S-based Ember Technologies, is taking over just months after Volvo wrapped up its initial public offering, the biggest in Europe last year.  Continue reading “Volvo Cars picks Ember Technologies chief Jim Rowan as new CEO”

TuSimple Holdings Inc (TSP.O) on Tuesday said it has partnered with Nvidia Corp (NVDA.O) to use the company’s vehicle chips to design and build an advanced autonomous driving computer for its self-driving trucks.

The computer, known as a domain controller in the automotive industry, will be specifically engineered for TuSimple’s commercial self-driving trucks, and will power sensor perception and vehicle operation. Continue reading “Self-driving truck company TuSimple to use Nvidia chips for autonomous computing”

Japanese automaker Toyota Motor Corp (7203.T) is poised to outsell General Motors Co (GM.N) in the United States in 2021, which would mark the first time the Detroit automaker has not led U.S. auto sales since 1931.

In the first nine months of 2021, Toyota sold 1.86 million vehicles in the United States compared with GM’s 1.78 million, or just over 80,000 more vehicles. For all of 2020, GM’s U.S. sales totaled 2.55 million, compared with Toyota’s 2.11 million and Ford Motor Co’s (F.N) 2.04 million. Continue reading “Toyota poised to dethrone GM in 2021 as U.S. sales leader”

Mercedes-Benz (DAIGn.DE) on Monday took the wraps off its battery-powered VISION EQXX prototype which it says will have a range of more than 1,000 kilometres (km) per charge, taking a big stride in its electric vehicle (EV) ambitions.

Daimler, soon to be rebranded Mercedes-Benz, announced plans in 2021 to invest more than 40 billion euros ($45 billion) by 2030 to take on Tesla (TSLA.O) in an all-electric car market, including building eight battery plants. From 2025, all its new vehicle platforms will only make EVs, it has said. Continue reading “Mercedes-Benz unveils 1,000 km-per-charge VISION EQXX prototype”

 Car sales rose 5.51% overall last year in Italy to reach the level of 1,457,952, Italy’s transport ministry said on Monday, highlighting a positive result compared with 2020, when the sales fell nearly 28% on the previous year.

Last month, however, sales were down 27.5% compared with December 2020, the ministry said. Continue reading “Italian car sales rise 5.51% in 2021, down 27.5% in December”

Tesla Inc’s (TSLA.O) shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers.

Shares of the world’s most valuable carmaker ended up 13.5% at $1,199.78 each on Monday, marking the biggest daily percentage gain in nearly 10 months. Continue reading “Tesla’s bumper delivery numbers charge up shares”

South Korea’s Hyundai Motor Co (005380.KS) and affiliate Kia Corp (000270.KS) on Monday forecast that their combined global sales will jump 12.1% in 2022, even as last year’s sales fell short of target due to a global chip shortage.

The companies sold 6.67 million vehicles in 2021, about 3.7% less than their combined target of 6.92 million vehicles, largely due to supply problems including the chip shortage, which drove down vehicle shipment. Continue reading “Hyundai, Kia expect auto sales jump in 2022 amid chip shortage”

Electric cars made up nearly two thirds of Norway’s new sales in 2021, with Tesla the top selling automobile brand overall, as the country pursues its goal of becoming the first to end the sale of petrol and diesel cars.

While Norway, with a population of 5.4 million, has the world’s highest proportion of electric vehicles, China with its 1.4 billion people is by far the biggest overall car market. Continue reading “Electric cars hit 65% of Norway sales as Tesla grabs overall pole”

Electric two-wheeler maker One Moto India on Monday said it plans to invest Rs 250 crore to set up a manufacturing unit in Telangana. The company has signed a memorandum of understanding with the state government to set up the new facility at the outskirts of the capital Hyderabad, One-Moto said in a statement.

“We aim to manufacture at least 40,000 units in the first phase of the plant launch, and capacity will easily be taken up to one lakh in two years,” One Moto India co-founder and partner Sameer Moidin said. Continue reading “One Moto India plans to invest Rs 250 cr to set up manufacturing unit in Telangana”

Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the COVID-19 pandemic slump and producer restraint, even as infections reached record highs worldwide.

Brent crude futures settled down $1.75, or 2.2%, at $77.78 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $1.78, or 2.31%, to $75.21 a barrel. Continue reading “Oil posts biggest annual gain since at least 2016”

Tesla Inc (TSLA.O) is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said on Thursday.

The National Highway Traffic Safety Administration (NHTSA) has been discussing another camera issue with the automaker, while probing the company’s driver assistant system. Continue reading “Tesla recalls almost half a million electric cars over safety issues”