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Pandemic revs up race for U.S. online car sales

DES MOINES, Iowa (Reuters) – After years of being part of a future that never quite arrived, the coronavirus pandemic has put U.S. online car sellers on the map. Now comes a race to spend vast sums on digital commerce platforms specifically designed to handle ... More »

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UK new car sales post smaller slump in June

LONDON (Reuters) – British new car registrations fell by an annual 35% in June, the smallest drop since February, as many dealerships reopened after coronavirus lockdown measures were lifted. A total of 145,377 new cars were registered in June, leaving year-to... More »

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Charging points surge ahead of electric car boom

FRANKFURT (Reuters) – The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA). In its a... More »

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German car sector morale plunges ahead of crunch Merkel meeting

BERLIN/MUNICH (Reuters) – The business climate in Germany’s auto sector suffered its biggest slump in April and hit its lowest level since 1991, when the Ifo economic institute began collecting data post-reunification, a survey showed on Monday. The news came ... More »

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UK watchdog proposes car finance commission crackdown

LONDON (Reuters) – Britain’s markets watchdog has proposed banning auto dealers and brokers from receiving commission linked to interest rates on loans used to finance car purchases, a step it said would save consumers 165 million pounds ($208.4 million) annua... More »

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Can power napping solve electric car charging challenge?

STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »

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India asks scooter, bike makers to draw up plan for EVs: sources

NEW DELHI (Reuters) – India’s federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government’s proposals saying they would disrupt the sector, two sources told ... More »

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Seeking thrifty ways to cut pollution, Rotterdam links up with…

ROTTERDAM (Reuters) – As Daan Hosli’s hybrid BMW glides into downtown Rotterdam, it passes a virtual boundary into the city’s “electric-only zone” and his mobile phone trills out a reminder to switch off his combustion engine and drive on battery power. Hosli ... More »

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Innogy to put electric vehicle business into separate company

FRANKFURT (Reuters) – German utility Innogy is putting its business serving the electric car industry into a standalone company, separate from its main business as an energy supplier. “This pooling of our eMobility business is our response to the current chall... More »

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Software and stealth: how carmakers hike spare parts prices

LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture... More »

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Ford’s slow China run persists, sales skid again in March

BEIJING (Reuters) – Ford Motor Co’s business in China continues to falter amid a dearth of fresh products, even though the American automaker earlier this week said it plans to launch two new models in the world’s biggest auto market by the end of the year. Fo... More »

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As NAFTA weighs, Trump’s tariffs drive new U.S. auto concerns

U.S. President Donald Trump waves upon his arrival in West Palm Beach, Florida, U.S., March 2, 2018. REUTERS/Kevin Lamarque MEXICO CITY (Reuters) – From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Associ... More »

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NAFTA talks on autos eyed for next week: Mexico negotiator

Mexico’s chief negotiator Kenneth Smith speaks to journalists at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico March 2, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – U.S., Mexican and Canadian trade experts leading... More »

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Porsche could build flying taxis, says sales chief

An employee of German car manufacturer Porsche displays a badge depicting a Porsche logo at the Porsche factory in Stuttgart-Zuffenhausen, Germany, January 26, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) sports car maker Porsche... More »

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Most Americans wary of self-driving cars: Reuters/Ipsos poll

FILE PHOTO: Test drivers use a Lexus SUV, built as a self-driving car, to map the area prior to a journey without a driver in control, in Phoenix, Arizona, U.S., April 5, 2016. Courtesy of Google/Handout via Reuters (Reuters) – Two-thirds of Americans are unco... More »

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Self-driving startups race down a narrowing road

Lei Xu and Justin Song once worked at electric carmaker Tesla Inc, one of the hottest companies in Silicon Valley. But with interest and investments in autonomous vehicles mounting, they left to pursue what they see as the next big thing. More »

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Factbox: Six self-driving unicorns top $1 billion in valuation

In a crowded field of more than 240 startups in self-driving cars, six companies -- four of them in Silicon Valley -- have achieved unicorn status, with valuations of $1 billion or more, according to industry estimates and publicly available data. Here's a clo... More »

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Singapore to halt car population growth from next year

Singapore, one of the world's most expensive places to own a vehicle, will not allow any growth in its car population from February, citing the small city-state's land scarcity and billions of dollars in planned public transport investments. More »

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Canadian auto sales jump in June, racking up another record

A water tank with the GM logo is seen at the General Motors Assembly Plant in Valencia, April 21, 2017. REUTERS/Marco Bello Canadian auto sales set another record in June, making for a solid performance in the first half of the year as customer demand for ligh... More »

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Germany says makes progress with China on electric car quotas

China’s Foreign Minister Wang Yi (R) meets German Foreign Minister Sigmar Gabriel at the Ministry of Foreign Affairs in Beijing, China May 24, 2017. REUTERS/Jason Lee Germany has made good progress with China on how to introduce quotas aimed at producing more ... More »

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Apple self-driving car testing plan gives clues to tech program

An Apple logo is seen in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson – RTX32LL4 Apple Inc outlined a plan to train operators of self-driving cars in documents submitted to California regulators earlier this month, the lates... More »

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Baidu leads investment into green car start-up NextEV

Baidu’s company logo is seen at its headquarters in Beijing December 17, 2014. REUTERS/Kim Kyung-Hoon Baidu Inc said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as... More »

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Mexico economy minister to meet with Ford, GM in Detroit

FILE PHOTO: Ford cars are seen on sale at a dealership of Genser company in Moscow, Russia, February 14, 2017. REUTERS/Maxim Shemetov/File Photo Mexico’s economy minister will travel to Detroit on Friday to meet with executives from automakers Ford Motor Co (F... More »

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UK plans to remove insurance barriers for self-driving cars

New Autopilot features are demonstrated in a Tesla Model S during a Tesla event in Palo Alto, California October 14, 2015. REUTERS/Beck Diefenbach Britain plans to introduce new insurance rules to ensure victims of accidents involving self-driving cars are com... More »

Automakers are responsible for Takata air bag recalls: NHTSA

A recalled Takata airbag inflator removed it from a Honda Pilot is shown at the AutoNation Honda dealership service department in Miami, Florida, United States on June 25, 2015. REUTERS/Joe Skipper/File Photo Automakers have “ultimate responsibility” for the c... More »

Canada union approves Fiat Chrysler contract- Ford next

Fiat Chrysler assembly workers work on a partially assembled minivan at the Windsor Assembly Plant in Windsor, Ontario, February 9, 2015. REUTERS/Rebecca Cook Canadian manufacturing workers at Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) voted on Sunday to app... More »

China sales accelerate for global automakers in September

Chinese cars wait for export at a port in Dalian, Liaoning province October 15, 2012. REUTERS/China Daily/File Photo Honda (7267.T) and Nissan (7201.T) reported on Tuesday their strongest monthly vehicles sales growth for China this year in September, thanks t... More »

Infineon buys Dutch firm in push to control driverless cars

The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, August 1, 2016. REUTERS/Heinz-Peter Bader Infineon Technologies AG (IFXGn.DE) has acquired Dutch electronics company Innoluce BV, a designer of miniature ... More »

GM and Canada union far apart on product as strike looms

Cars pass under an overpass at the General Motors Car assembly plant in Oshawa, June 1, 2012. REUTERS/Mark Blinch/File Photo Canada’s autoworkers’ union Unifor and General Motors Co (GM.N) made little progress resolving the key issue of new investment in contr... More »

Union votes for strike mandate in Canadian auto talks

General Motors auto workers prepare rows of the new Chevrolet Camaro for delivery, at the company’s Oshawa Ontario facility April 8, 2009. REUTERS/Fred Thornhill/File Photo The union representing most Canadian autoworkers has voted for a strike mandate, it sai... More »

Hyundai raids Bentley to turbo-charge Genesis luxury drive

BEIJING After poaching Bentley’s design chief last year, Hyundai Motor Co (005380.KS) said on Monday that it has also secured the services of the luxury marquee’s exterior designer. Hyundai issued a statement saying Sangyup Lee will start work next month as it... More »

No Cadillacs for old men in China

BEIJING Cadillac, a favorite among America’s older ‘supper club set’, is revving up sales to younger luxury buyers in China through smoother designs and localized production to keep prices accessible. The General Motors (GM.N) brand is softening some hard edge... More »

China’s electric cars sales to double in 2016: minister

BEIJING China’s production and sale of electric cars will more than double this year, the industry minister said on Sunday. More than 300,000 electric cars were sold in China last year, Miao Wei, the head of the Ministry of Industry and Information Technology ... More »