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		<title>California to ban petrol-only vehicle sales by 2035</title>
		<link>https://carbuyersalliance.com/2024/02/04/california-to-ban-petrol-only-vehicle-sales-by-2035/</link>
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		<pubDate>Sun, 04 Feb 2024 02:07:36 +0000</pubDate>
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					<description><![CDATA[<p>Getty Images By Annabelle Liang Business reporter California is to ban the sale of new petrol-only vehicles by 2035, marking a historic step in the state&#8217;s attempts to tackle climate change. The new rules are aimed to force car makers to accelerate the introduction to the market of cleaner vehicles. It comes after Governor Gavin</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/04/california-to-ban-petrol-only-vehicle-sales-by-2035/">California to ban petrol-only vehicle sales by 2035</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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										<content:encoded><![CDATA[<div data-component="image-block" class="ssrcss-1y79c70-ComponentWrapper ep2nwvo1">
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<div class="ssrcss-ab5fd8-StyledFigureContainer e34k3c21"><span class="ssrcss-11kpz0x-Placeholder etlorgc0"><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg.webp 976w" type="image/webp"></source><img alt="An electric car charges at a parking lot in California." srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/2322/production/_126449980_gettyimages-1405480915.jpg" width="976" height="549" loading="eager" class="ssrcss-evoj7m-Image edrdn950"></picture></span><span role="text" class="ssrcss-tvuve5-StyledFigureCopyright e34k3c20">Getty Images</span></div>
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<div class="ssrcss-68pt20-Text-TextContributorName e8mq1e96">By Annabelle  Liang</div>
<div class="ssrcss-84ltp5-Text e8mq1e910">Business reporter</div>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><b class="ssrcss-hmf8ql-BoldText e5tfeyi3">California is to ban the sale of new petrol-only vehicles by 2035, marking a historic step in the state&#8217;s attempts to tackle climate change.</b></p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The new rules are aimed to force car makers to accelerate the introduction to the market of cleaner vehicles.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">It comes after Governor Gavin Newsom set a target in 2020 to speed up the shift away from fossil fuels.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The move is important as California is the most populous state in the US and one of the world&#8217;s biggest economies.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Under the rules, issued by the California Air Resources Board (CARB), 35% of new vehicles sold in the state must be electric, hybrid or hydrogen-powered by 2026.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The regulations would apply to 68% of vehicle sales by 2030, and 100% by 2035.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">CARB chair Laine Randolph said the move was &#8220;a historic moment for California, for our partner states and for the world as we set forth a path toward a zero emission future&#8221;.</p>
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<li><a href="https://www.bbc.co.uk/news/uk-england-bristol-62547753" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">Big Issue to begin using electric vehicles </a></li>
<li><a href="https://www.bbc.co.uk/news/business-61907734" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">Will electric motorbike sales take off in Asia?</a></li>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The announcement is the latest move by California as it continues to move faster than the US federal government to tighten emission rules.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">With more than 39m residents, California is the biggest US state by population. If it was a standalone country it would be the fifth-largest economy in the world by gross domestic product, putting it ahead of the United Kingdom.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Joseph Mendelson, senior counsel at electric carmaker Tesla, said CARB&#8217;s plan was &#8220;both achievable and paves the way for California to lead in electrifying the light duty sector&#8221;.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">However, the Alliance for Automotive Innovation &#8211; which represents carmakers including General Motors, Volkswagen and Toyota &#8211; said more needed to be done to boost demand for electric vehicles (EVs).</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;What we&#8217;ve said to CARB and others is that getting more EVs on the road must go hand-in-hand with other policies that together will ultimately determine the success of this transition,&#8221; the alliance&#8217;s president and chief executive John Bozzella said.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The new rules still have be approved by the US government before they can take effect.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">However, the American Fuel &amp; Petrochemical Manufacturers trade association called on President Biden and the Environmental Protection Agency to &#8220;reject California&#8217;s request for a Clean Air Act waiver to proceed with this unlawful ban.&#8221;</p>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/04/california-to-ban-petrol-only-vehicle-sales-by-2035/">California to ban petrol-only vehicle sales by 2035</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>VW values Porsche at up to $75bn in share sale</title>
		<link>https://carbuyersalliance.com/2024/02/03/vw-values-porsche-at-up-to-75bn-in-share-sale/</link>
					<comments>https://carbuyersalliance.com/2024/02/03/vw-values-porsche-at-up-to-75bn-in-share-sale/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 03 Feb 2024 13:57:29 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<guid isPermaLink="false">https://carbuyersalliance.com/2024/02/03/vw-values-porsche-at-up-to-75bn-in-share-sale/</guid>

					<description><![CDATA[<p>Getty Images By Peter Hoskins Business reporter German car making giant Volkswagen (VW) has said it is aiming for a valuation of up to &#x20AC;75bn ($75bn; &#xA3;65.8bn) for Porsche when the luxury brand is floated on the stock market. Trading in the shares is due to start in Frankfurt on 29 September. A prospectus will</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/03/vw-values-porsche-at-up-to-75bn-in-share-sale/">VW values Porsche at up to $75bn in share sale</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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										<content:encoded><![CDATA[<div data-component="image-block" class="ssrcss-1y79c70-ComponentWrapper ep2nwvo1">
<figure class="ssrcss-4qvfmb-StyledFigure e34k3c23">
<div class="ssrcss-ab5fd8-StyledFigureContainer e34k3c21"><span class="ssrcss-11kpz0x-Placeholder etlorgc0"><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg.webp 976w" type="image/webp"></source><img alt="A Porsche 911 Turbo at a Porsche dealership." srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/F2C2/production/_126764126_gettyimages-1242994511.jpg" width="976" height="549" loading="eager" class="ssrcss-evoj7m-Image edrdn950"></picture></span><span role="text" class="ssrcss-tvuve5-StyledFigureCopyright e34k3c20">Getty Images</span></div>
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<div class="ssrcss-68pt20-Text-TextContributorName e8mq1e96">By Peter Hoskins</div>
<div class="ssrcss-84ltp5-Text e8mq1e910">Business reporter</div>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><b class="ssrcss-hmf8ql-BoldText e5tfeyi3">German car making giant Volkswagen (VW) has said it is aiming for a valuation of up to &#x20AC;75bn ($75bn; &#xA3;65.8bn) for Porsche when the luxury brand is floated on the stock market.</b></p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Trading in the shares is due to start in Frankfurt on 29 September.</p>
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<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">A prospectus will be published on Monday, after which investors can subscribe to Porsche shares.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The share sale is set to be Germany&#8217;s second-largest ever initial public offering (IPO).</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;We are now in the home stretch with the IPO plans for Porsche and welcome the commitment of our cornerstone investors,&#8221; VW&#8217;s chief financial officer Arno Antlitz said.</p>
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<ul role="list">
<li><a href="https://www.bbc.co.uk/news/business-62683260" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">California to ban petrol-only vehicle sales by 2035</a></li>
<li><a href="https://www.bbc.co.uk/news/business-61581251" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">VW to pay out &#xA3;193m in &#8216;dieselgate&#8217; settlement</a></li>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><a href="https://www.volkswagenag.com/en/news/2022/09/Executive_Board_and_Supervisory_Board_determine_price_range.html" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">VW said in a statement to investors</a> that it will price preferred shares in the flotation of Porsche at &#x20AC;76.50 to &#x20AC;82.50 per share, which would give the sportscar maker a stock market valuation of &#x20AC;70bn to &#x20AC;75bn.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">At the upper end of the range it would be Europe&#8217;s third-largest IPO on record.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">However, the figures announced on Sunday fell short of an earlier valuation target &#8211; as much as &#x20AC;85bn &#8211; amid investor concerns over rising interest rates and a potential global recession.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">VW said it will raise as much as &#x20AC;9.4bn from the share sale, which will help pay for its shift to electric vehicles and spending on software development.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">If the IPO goes ahead, VW said it will hold a meeting for investors in December when it plans to propose distributing a special dividend &#8211; 49% of the total gross proceeds &#8211; from the share sale to shareholders.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The deal comes even as relatively few companies have listed shares in Europe this year as the region faces an energy crisis, high inflation and rate hikes.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Under the IPO plan, the Porsche-Piech family &#8211; which lost control of the iconic brand to VW over a decade ago &#8211; will pay a premium to purchase shares that will hand back to it significant decision-making power.</p>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/03/vw-values-porsche-at-up-to-75bn-in-share-sale/">VW values Porsche at up to $75bn in share sale</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>Tesla told to recall more than a million US cars</title>
		<link>https://carbuyersalliance.com/2024/02/03/tesla-told-to-recall-more-than-a-million-us-cars/</link>
					<comments>https://carbuyersalliance.com/2024/02/03/tesla-told-to-recall-more-than-a-million-us-cars/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 03 Feb 2024 01:47:43 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<guid isPermaLink="false">https://carbuyersalliance.com/2024/02/03/tesla-told-to-recall-more-than-a-million-us-cars/</guid>

					<description><![CDATA[<p>Getty Images By Shiona McCallum Technology reporter Tesla is recalling nearly 1.1 million cars in the US because the windows might close too fast and pinch people&#8217;s fingers. Documents produced by American regulators show the windows may not react correctly after detecting an obstruction. Tesla chief executive Elon Musk criticised the description as a recall</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/03/tesla-told-to-recall-more-than-a-million-us-cars/">Tesla told to recall more than a million US cars</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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										<content:encoded><![CDATA[<div data-component="image-block" class="ssrcss-1y79c70-ComponentWrapper ep2nwvo1">
<figure class="ssrcss-4qvfmb-StyledFigure e34k3c23">
<div class="ssrcss-ab5fd8-StyledFigureContainer e34k3c21"><span class="ssrcss-11kpz0x-Placeholder etlorgc0"><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg.webp 976w" type="image/webp"></source><img alt="Tesla logo" srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/74E1/production/_126812992_gettyimages-597435890.jpg" width="976" height="549" loading="eager" class="ssrcss-evoj7m-Image edrdn950"></picture></span><span role="text" class="ssrcss-tvuve5-StyledFigureCopyright e34k3c20">Getty Images</span></div>
</figure>
</div>
<div data-component="byline-block" class="ssrcss-1bdte2-BylineComponentWrapper e8mq1e90">
<div class="ssrcss-qt5zqv-BylineWrapper e8mq1e917">
<div class="ssrcss-h3c0s8-ContributorContainer e8mq1e916">
<div class="ssrcss-1u2in0b-Container-ContributorDetails e8mq1e913">
<div class="ssrcss-68pt20-Text-TextContributorName e8mq1e96">By Shiona McCallum</div>
<div class="ssrcss-84ltp5-Text e8mq1e910">Technology reporter</div>
</div>
</div>
</div>
<div class="ssrcss-jlwt2c-Divider e8mq1e915"></div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><b class="ssrcss-hmf8ql-BoldText e5tfeyi3">Tesla is recalling nearly 1.1 million cars in the US because the windows might close too fast and pinch people&#8217;s fingers.</b></p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Documents produced by American regulators show the windows may not react correctly after detecting an obstruction.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Tesla chief executive Elon Musk criticised the description as a recall calling it &#8220;outdated and inaccurate&#8221;.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The car giant says a software update will fix the problem.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The National Highway Traffic Safety Administration says the fault is a safety-standards violation. </p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The world&#8217;s largest electric-vehicle manufacturer has had repeated run-ins with federal safety regulators, whom Mr Musk calls &#8220;the fun police&#8221;.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Previous recalls have been due to:</p>
</div>
</div>
<div data-component="unordered-list-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<div class="ssrcss-1o5f7ft-BulletListContainer e5tfeyi0">
<ul role="list">
<li>rear-view cameras</li>
<li>bonnet latches</li>
<li>seat-belt reminders </li>
<li>sound-system software</li>
</ul>
</div>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The latest recall covers all four Tesla models, specifically 2017-22 Model 3 sedans and some 2020-21 Model Y SUVs (sports utility vehicles), Model S sedans and Model X SUVs.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Tesla discovered the problem with the automatic windows during production testing in August. </p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Owners will be notified by letter, from 15 November. </p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Company documents indicate vehicles made after 13 September already have the updated software needed to remedy the issue.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Tesla said it was not aware of any warranty claims, crashes, injuries, or deaths related to the recall.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Tesla shares were down 3.5% on Thursday afternoon trading.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Mr Musk hit out on Twitter after the news broke.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;The terminology is outdated and inaccurate. This is a tiny over-the-air software update. To the best of our knowledge, there have been no injuries,&#8221; he said.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Both NHTSA and Tesla in documents made public on Thursday referred to the campaign as a recall.</p>
</div>
</div>
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<li><a href="https://www.bbc.co.uk/news/topics/c8nq32jwjnmt" class="ssrcss-w6az1r-StyledLink ed0g1kj0">Tesla</a></li>
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<p class="ssrcss-17zglt8-PromoHeadline exn3ah96"><span aria-hidden="false">New Tesla plants losing billions of dollars &#8211; Musk</span></p>
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<div><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg.webp 976w" type="image/webp"></source><img alt="SpaceX founder and Tesla chief executive Elon Musk visits the construction site of Tesla's gigafactory in Germany." srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/4752/production/_125585281_1f02e731314fa9596caba86bd5f01b03a00b2dc3.jpg" width="976" height="549" loading="lazy" class="ssrcss-evoj7m-Image edrdn950"></picture></div>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/03/tesla-told-to-recall-more-than-a-million-us-cars/">Tesla told to recall more than a million US cars</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>Ford Fiesta set to be discontinued as car scrapped</title>
		<link>https://carbuyersalliance.com/2024/02/02/ford-fiesta-set-to-be-discontinued-as-car-scrapped/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 02 Feb 2024 13:47:16 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<guid isPermaLink="false">https://carbuyersalliance.com/2024/02/02/ford-fiesta-set-to-be-discontinued-as-car-scrapped/</guid>

					<description><![CDATA[<p>Getty Images By Theo Leggett &#38; Lora Jones BBC Business The popular Ford Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs, the BBC understands. Ford bosses are expected to announce in the next few days that the production of the Fiesta will</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/02/ford-fiesta-set-to-be-discontinued-as-car-scrapped/">Ford Fiesta set to be discontinued as car scrapped</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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										<content:encoded><![CDATA[<div data-component="image-block" class="ssrcss-1y79c70-ComponentWrapper ep2nwvo1">
<figure class="ssrcss-4qvfmb-StyledFigure e34k3c23">
<div class="ssrcss-ab5fd8-StyledFigureContainer e34k3c21"><span class="ssrcss-11kpz0x-Placeholder etlorgc0"><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg.webp 976w" type="image/webp"></source><img alt="Ford Fiesta" srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/ED3D/production/_127333706_gettyimages-626433374.jpg" width="976" height="549" loading="eager" class="ssrcss-evoj7m-Image edrdn950"></picture></span><span role="text" class="ssrcss-tvuve5-StyledFigureCopyright e34k3c20">Getty Images</span></div>
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<div class="ssrcss-68pt20-Text-TextContributorName e8mq1e96">By Theo Leggett &amp; Lora Jones</div>
<div class="ssrcss-84ltp5-Text e8mq1e910">BBC Business</div>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><b class="ssrcss-hmf8ql-BoldText e5tfeyi3">The popular Ford Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs, the BBC understands.</b></p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Ford bosses are expected to announce in the next few days that the production of the Fiesta will end by mid-2023.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Executives are believed to be holding talks with dealers, suppliers and staff ahead of the announcement.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><a href="https://www.thesun.co.uk/motors/20211402/ford-fiesta-faces-axe-46-years/" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">The Sun first reported</a> that Ford had no plans for an electric version of the car despite its popularity.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">A spokesman for Ford said that it was &#8220;accelerating our efforts to go all in on electrification&#8221;, and so the company is reviewing the portfolio of cars it has on offer.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">He added that the carmaker does not comment on speculation and that more information would be made available soon.</p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The Fiesta is currently produced in Germany, although the first model rolled off the production line in Dagenham, Essex, in 1977.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The car was at the forefront of the US carmaker&#8217;s efforts to corner the British car market because of its more affordable price point. </p>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">It was created originally as a more fuel-efficient, small car in the wake of the 1973 oil crisis. More than 20 million of the cars have since been built for customers worldwide, after it shot to the top of best-seller lists and remained there for decades.</p>
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<div><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg.webp 976w" type="image/webp"></source><img alt="Workers at the Ford plant in Dagenham" srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/13B5D/production/_127333708_gettyimages-3259449.jpg" width="976" height="549" loading="lazy" class="ssrcss-evoj7m-Image edrdn950"></picture></div>
<p></span></span><span role="text" class="ssrcss-tvuve5-StyledFigureCopyright e34k3c20">Getty Images</span></div>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">In recent years, it has been displaced by newer models such as the Puma. Although last month, the Fiesta was still the sixth best-selling new car in the UK with 4,570 registrations, according to the latest data from industry body <a href="https://www.smmt.co.uk/vehicle-data/car-registrations/#ert_pane1-1" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">the Society of Motor Manufacturers</a>.</p>
</div>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Ford is thought to be using electrification as an opportunity to reinvent the brand for eco-conscious consumers.</p>
</div>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">They have already announced an electric version of the F-150 pickup, one of the best-selling vehicles in the US, and an electric SUV under the Mustang brand.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">As the UK&#8217;s 2030 ban on new petrol and diesel cars approaches, it is thought the Puma, a smaller, hybrid, SUV, will take the lead as the more affordable option as Ford puts more of its focus on design.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">It has already dropped the Focus model too, without an electric version tipped for production.</p>
</div>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The company, which is investing $50bn (&#xA3;43.bn) globally through 2026 to electrify its fleet, now says it is on track to deliver more than two million electric vehicles annually by 2026.</p>
</div>
</div>
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<h2 class="ssrcss-q4zz1q-StyledHeading e10rt3ze0">Related Topics</h2>
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<li><a href="https://www.bbc.co.uk/news/topics/cljev49lzr4t" class="ssrcss-w6az1r-StyledLink ed0g1kj0">Electric cars</a></li>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/02/ford-fiesta-set-to-be-discontinued-as-car-scrapped/">Ford Fiesta set to be discontinued as car scrapped</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>Soviet-era car brand revived at ex-Renault plant</title>
		<link>https://carbuyersalliance.com/2024/02/02/soviet-era-car-brand-revived-at-ex-renault-plant/</link>
					<comments>https://carbuyersalliance.com/2024/02/02/soviet-era-car-brand-revived-at-ex-renault-plant/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 02 Feb 2024 01:47:07 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<guid isPermaLink="false">https://carbuyersalliance.com/2024/02/02/soviet-era-car-brand-revived-at-ex-renault-plant/</guid>

					<description><![CDATA[<p>Getty Images Manufacturing has resumed at the former Renault factory in Russia, which shut after the invasion of Ukraine and was later taken over by the government. Truck-maker Kamaz said the first cars would go on sale next month. It is reviving the Soviet-era Moskvich brand although the car&#x2019;s design has been updated. Renault&#x2019;s departure</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/02/soviet-era-car-brand-revived-at-ex-renault-plant/">Soviet-era car brand revived at ex-Renault plant</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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										<content:encoded><![CDATA[<div data-component="image-block" class="ssrcss-1y79c70-ComponentWrapper ep2nwvo1">
<figure class="ssrcss-4qvfmb-StyledFigure e34k3c23">
<div class="ssrcss-ab5fd8-StyledFigureContainer e34k3c21"><span class="ssrcss-11kpz0x-Placeholder etlorgc0"><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg.webp 976w" type="image/webp"></source><img alt="Russia is reviving the Moskvich brand though the design has been updated" srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/FEFB/production/_127757256_whatsubject.jpg" width="976" height="549" loading="eager" class="ssrcss-evoj7m-Image edrdn950"></picture></span><span role="text" class="ssrcss-tvuve5-StyledFigureCopyright e34k3c20">Getty Images</span></div>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><b class="ssrcss-hmf8ql-BoldText e5tfeyi3">Manufacturing has resumed at the former Renault factory in Russia, which shut after the invasion of Ukraine and was later taken over by the government.</b></p>
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</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Truck-maker Kamaz said the first cars would go on sale next month.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">It is reviving the Soviet-era Moskvich brand although the car&#x2019;s design has been updated.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Renault&#x2019;s departure from Russia was part of a broader exodus of Western companies.</p>
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</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">McDonald&#8217;s and Starbucks were among the other big names to quit the country in the wake of the invasion.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Western sanctions, put in place to isolate Russia and punish it for its military action, have limited access to foreign-made parts. </p>
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</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Kamaz, which signed a deal to be the plant&#8217;s technological partner in July, and the government are working with Chinese carmaker JAC, according to Reuters, which cited anonymous sources.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">In the press release, Kamaz said it expected to build up a base of Russian suppliers over time, but output is expected to remain limited.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Kamaz said it expected to produce about 600 cars by the end of the year. It hopes to ramp up manufacturing to 100,000 vehicles a year in 2024, some of which will be electric.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">That remains well below the output of a typical car plant.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Overall, car production in the country has declined and sales may fall below one million this year for the first time in Russia&#8217;s modern history, Reuters reported.</p>
</div>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/02/soviet-era-car-brand-revived-at-ex-renault-plant/">Soviet-era car brand revived at ex-Renault plant</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>Jaguar Land Rover cuts output due to chip shortage</title>
		<link>https://carbuyersalliance.com/2024/02/01/jaguar-land-rover-cuts-output-due-to-chip-shortage/</link>
					<comments>https://carbuyersalliance.com/2024/02/01/jaguar-land-rover-cuts-output-due-to-chip-shortage/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 01 Feb 2024 13:37:33 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<guid isPermaLink="false">https://carbuyersalliance.com/2024/02/01/jaguar-land-rover-cuts-output-due-to-chip-shortage/</guid>

					<description><![CDATA[<p>Getty Images By Theo Leggett Business correspondent, BBC News Carmaker Jaguar Land Rover (JLR) is reducing output at its factories in Solihull and Halewood until the spring, due to ongoing problems obtaining enough computer chips for new vehicles. The action is expected to affect the output of models such as the Jaguar F-Pace and Land</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/01/jaguar-land-rover-cuts-output-due-to-chip-shortage/">Jaguar Land Rover cuts output due to chip shortage</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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										<content:encoded><![CDATA[<div data-component="image-block" class="ssrcss-1y79c70-ComponentWrapper ep2nwvo1">
<figure class="ssrcss-4qvfmb-StyledFigure e34k3c23">
<div class="ssrcss-ab5fd8-StyledFigureContainer e34k3c21"><span class="ssrcss-11kpz0x-Placeholder etlorgc0"><picture><source srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg.webp 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg.webp 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg.webp 976w" type="image/webp"></source><img alt="JLR plant in Solihull" srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg 624w, https://ichef.bbci.co.uk/news/800/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg 800w, https://ichef.bbci.co.uk/news/976/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg 976w" src="https://ichef.bbci.co.uk/news/976/cpsprodpb/11EF1/production/_127775437_jlr_gettyimages-649427696.jpg" width="976" height="549" loading="eager" class="ssrcss-evoj7m-Image edrdn950"></picture></span><span role="text" class="ssrcss-tvuve5-StyledFigureCopyright e34k3c20">Getty Images</span></div>
</figure>
</div>
<div data-component="byline-block" class="ssrcss-1bdte2-BylineComponentWrapper e8mq1e90">
<div class="ssrcss-qt5zqv-BylineWrapper e8mq1e917">
<div class="ssrcss-h3c0s8-ContributorContainer e8mq1e916">
<div class="ssrcss-1u2in0b-Container-ContributorDetails e8mq1e913">
<div class="ssrcss-68pt20-Text-TextContributorName e8mq1e96">By Theo Leggett</div>
<div class="ssrcss-84ltp5-Text e8mq1e910">Business correspondent, BBC News</div>
</div>
</div>
</div>
<div class="ssrcss-jlwt2c-Divider e8mq1e915"></div>
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10"><b class="ssrcss-hmf8ql-BoldText e5tfeyi3">Carmaker Jaguar Land Rover (JLR) is reducing output at its factories in Solihull and Halewood until the spring, due to ongoing problems obtaining enough computer chips for new vehicles.</b></p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The action is expected to affect the output of models such as the Jaguar F-Pace and Land Rover Discovery Sport.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The move is understood to be temporary, as first <a href="https://www.theguardian.com/business/2022/nov/25/carmaker-jlr-reducing-its-production-at-uk-factories-until-spring" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">reported in the Guardian</a>.</p>
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<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">In the meantime, JLR will focus on more profitable models such as the Range Rover.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Output of these cars has been ramped up in recent months. </p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">JLR&#8217;s factory in Nitra, Slovakia, is not affected. </p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Modern cars are heavily reliant on computer chips to control a variety of onboard systems, ranging from anti-lock braking and emissions controls to satellite navigation and in-car entertainment.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">But supplies from East Asia have been heavily disrupted in the wake of the Covid pandemic, while carmakers have faced intense competition for available supplies from other industries.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">In a statement, JLR said it would &#8220;continue to actively manage the operational patterns of our manufacturing plants whilst the industry experiences ongoing global semi-conductor supply chain disruption&#8221;.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
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<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;We expect our performance to continue improving in the second half of the year, as new agreements with semiconductor partners take effect, enabling us to build and deliver more vehicles to our clients,&#8221; it added.</p>
</div>
</div>
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<ul role="list">
<li><a href="https://www.bbc.co.uk/news/business-63671302" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">Taxing electric cars will dent sales &#8211; car firms</a></li>
<li><a href="https://www.bbc.co.uk/news/uk-england-oxfordshire-63269974" class="ssrcss-k17ofw-InlineLink e1kn3p7n0">Electric Mini production to move to China</a></li>
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<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">UK car production still remains well below levels seen before the pandemic, despite an increase in October, figures from the Society of Motor Manufacturers and Traders (SMMT) show.    </p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The industry built 69,524 cars in October, up 7.4% from a year earlier, but the SMMT said manufacturers were still suffering from &#8220;turbulent&#8221; supplies of components.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;There&#8217;s been real shortages in the supply chain, most obviously in semiconductors, which is leading to really erratic levels of production,&#8221; the SMMT&#8217;s chief executive Mike Hawes told the BBC&#8217;s Today programme.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;[Production] was up in October, but we expect it to be volatile as we go forward especially when some parts come from China.&#8221;</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">Mr Hawes said the UK was &#8220;no way close&#8221; to making enough chips for the car industry.</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;Massive investments are required and some governments in the world are putting up billions upon billions of pounds to attract investment and build new fabs (semiconductor fabrication plants).</p>
</div>
</div>
<div data-component="text-block" class="ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0">
<div class="ssrcss-7uxr49-RichTextContainer e5tfeyi1">
<p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">&#8220;We should be building about a million cars a year, so when you have about 1,500 chips per car you can see just how incredible the volumes of these chips you need just to support the automotive industry, let alone things like personal electronics.&#8221; </p>
</div>
</div>
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<li><a href="https://www.bbc.co.uk/news/topics/c4y26wwjkg5t" class="ssrcss-w6az1r-StyledLink ed0g1kj0">Halewood</a></li>
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<p class="ssrcss-17zglt8-PromoHeadline exn3ah96"><span aria-hidden="false">Electric Mini production to move to China</span></p>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2024/02/01/jaguar-land-rover-cuts-output-due-to-chip-shortage/">Jaguar Land Rover cuts output due to chip shortage</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>In labor snub, California governor vetoes bill that would have limited self-driving trucks</title>
		<link>https://carbuyersalliance.com/2023/09/26/in-labor-snub-california-governor-vetoes-bill-that-would-have-limited-self-driving-trucks/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Tue, 26 Sep 2023 07:07:23 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<guid isPermaLink="false">https://carbuyersalliance.com/2023/09/26/in-labor-snub-california-governor-vetoes-bill-that-would-have-limited-self-driving-trucks/</guid>

					<description><![CDATA[<p>In a blow to labor interests, California Gov. Gavin Newsom vetoed a bill Friday that would have essentially prohibited self-driving trucks from traveling on the state&#8217;s public roads. Assembly Bill 316 would have mandated autonomous trucks carry a human backup driver behind the wheel, a stipulation that autonomous-vehicle executives bemoaned would negate the purpose of</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2023/09/26/in-labor-snub-california-governor-vetoes-bill-that-would-have-limited-self-driving-trucks/">In labor snub, California governor vetoes bill that would have limited self-driving trucks</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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<p>In a blow to labor interests, California Gov. Gavin Newsom vetoed a bill Friday that would have essentially <a href="https://www.autonews.com/mobility-report/california-assembly-bill-316-chills-self-driving-truck-hopes" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">prohibited self-driving trucks</a> from traveling on the state&#8217;s public roads.</p>
<p>Assembly Bill 316 would have mandated autonomous trucks carry a human backup driver behind the wheel, a stipulation that autonomous-vehicle executives bemoaned would negate the purpose of deploying self-driving technology.</p>
<p>The bill was &#8220;unnecessary for the regulation and oversight&#8221; of self-driving trucks, Newsom, a Democrat, wrote to members of the California Assembly in explaining his decision.</p>
<p>Until Friday, AB 316 had gained considerable momentum. It passed the state&#8217;s assembly by a 69-4 vote in May and the state senate by a 36-2 vote earlier this month.</p>
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<p>The International Brotherhood of Teamsters, which views autonomous trucking as a threat to union jobs, was a prominent backer of the bill.</p>
<p>But even as government leaders of all stripes seek to curry favor with union workers &#x2014; see this week&#8217;s <a href="https://www.autonews.com/manufacturing/uaw-strike-2023-biden-will-visit-striking-workers-michigan" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">scheduled visits to UAW picket lines</a> from President Biden and former President Donald Trump as prime examples &#x2014; Newsom sided with Big Tech, another powerful constituency.</p>
<p>His veto did not go unnoticed from the Teamsters leadership.</p>
<p>&#8220;Gavin Newsom doesn&#8217;t have the guts to face working people,&#8221; Teamsters General President Sean M. O&#8217;Brien wrote in a Tweet. &#8220;Any politician who turns their back on workers to curry campaign contributions from Corporate America and Big Tech better square up.</p>
<p>&#8220;Teamsters will not walk away from this fight.&#8221;</p>
<p>The legislature could overturn Newsom&#8217;s veto with a two-thirds majority in each house, but it is unclear whether there&#8217;s appetite for such reconsideration.</p>
<p>Many self-driving trucking companies, including Kodiak Robotics, TuSimple, Aurora and Gatik, call California home. They say their technology can help with human-driver shortages and make port operations in places such as Oakland, Long Beach and Los Angeles more efficient.</p>
<p>&#8220;We commend Governor Newsom for vetoing AB 316,&#8221; said Jeff Farrah, executive director of the Autonomous Vehicle Industry Association. &#8220;As a result, California&#8217;s safety experts can continue to evaluate autonomous vehicle technology.&#8221;</p>
<p>The veto does not mean self-driving big rigs are free to roll.</p>
<p>The state currently prohibits the testing of autonomous-driving systems in vehicles that weigh more than 10,001 pounds. Companies have tested their self-driving trucks in places with industry-friendly regulations and laws &#x2014; Texas has become a hotbed of self-driving truck activity.</p>
<p>AB 316 would have made California&#8217;s prohibition permanent.</p>
<p>Instead, Newsom indicated the California Department of Motor Vehicles will continue to examine its current regulations. The DMV held two public workshops regarding autonomous trucking this year, considered the start of a rule-making process.</p>
<p>The veto marked the second narrow victory for the self-driving vehicle industry in California this year.</p>
<p>The state&#8217;s Public Utilities Commission voted 3-1 in August to <a href="https://www.autonews.com/mobility-report/cruise-waymo-await-cpuc-decisions-san-francisco-service" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">allow more extensive robotaxi deployments</a> in San Francisco. That vote came despite concerns that vehicles are interfering with first responders in emergency situations and blocking traffic when they experience glitches.</p>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2023/09/26/in-labor-snub-california-governor-vetoes-bill-that-would-have-limited-self-driving-trucks/">In labor snub, California governor vetoes bill that would have limited self-driving trucks</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>New Lexus brand boss plans big EV overhaul, benchmarking Tesla</title>
		<link>https://carbuyersalliance.com/2023/09/20/new-lexus-brand-boss-plans-big-ev-overhaul-benchmarking-tesla/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 20 Sep 2023 05:48:57 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
		<guid isPermaLink="false">https://carbuyersalliance.com/2023/09/20/new-lexus-brand-boss-plans-big-ev-overhaul-benchmarking-tesla/</guid>

					<description><![CDATA[<p>OYAMA, Japan &#x2014; Japanese premium leader Lexus is rolling out some of its most fetching automotive designs, luxurious amenities and impressive technologies these days. Just consider the rugged good looks of the GX utility vehicle, the regal splendor of the LM people mover and the futuristic steer-by-wire system for updates of the sleek RZ electric</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2023/09/20/new-lexus-brand-boss-plans-big-ev-overhaul-benchmarking-tesla/">New Lexus brand boss plans big EV overhaul, benchmarking Tesla</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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<p>OYAMA, Japan &#x2014; Japanese <a href="https://www.autonews.com/automakers-suppliers/new-lexus-global-head-office-will-jumpstart-shift-evs" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">premium leader Lexus </a>is rolling out some of its most fetching automotive designs, luxurious amenities and impressive technologies these days.</p>
<p>Just consider the rugged good looks of the GX utility vehicle, the regal splendor of the LM people mover and the <a href="https://www.autonews.com/cars-concepts/how-lexus-one-upped-tesla-its-new-yoke-steering-system" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">futuristic steer-by-wire system </a>for updates of the sleek RZ electric crossover.</p>
<p>But Lexus&#8217; newly appointed global boss says an even bigger transformation is on the way from 2026 as the brand leaps into next-generation <a href="http://autonews.com/topic/electric-vehicles" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">electric vehicles</a>. The road forward will be previewed next month when Lexus <a href="https://www.autonews.com/cars-concepts/toyota-unveil-innovative-next-generation-ev" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">unwraps the first concept for those EVs </a>at the Japan Mobility Show.</p>
<p>Takashi Watanabe, who took the helm as president of Lexus International in April, said full electric drive will open a new world of opportunities for Lexus to burnish its brand persona. Lexus will spearhead <a href="https://www.autonews.com/executives/toyotas-new-ceo-makes-changes-top-whos-who" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">Toyota Motor Corp.&#8217;s next-generation EVs </a>on its way to offering an electrified option for every vehicle in 2030, before going EV-only by 2035.</p>
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<p>&#8220;In 2026, we will introduce the next-generation battery EV that re-innovates the vehicle modular structure, significantly alters our production methods and completely re-imagines the software platform,&#8221; Watanabe said at a vehicle and technology showcase this month at Fuji Speedway. &#8220;We have also prioritized vehicle design to embody the essence of Lexus.&#8221;</p>
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<p>On the radar is a software operating system that Lexus said will unlock a new world of personalized premium perks and performance, as well as luxury tailored to regional preferences.</p>
<p>Pure electric motor drive will deliver more direct control and excitement, Watanabe said, adding Lexus is even considering <a href="https://www.autonews.com/executives/convert-old-cars-evs-akio-toyoda-has-plan" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">an all-electric stick shift technology </a>that will retain the thrill of throwing through the gears for tomorrow&#8217;s electric motor heads.</p>
<p>A new generation of F-inspired all-electric <a href="http://autonews.com/topic/performance" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">performance</a> models on tap is pumped up by rumors of an <a href="https://www.autonews.com/future-product/lexus-adds-more-evs-lineup-meet-2035-goal" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">EV sports coupe </a>positioned as a spiritual successor to the legendary LFA supercar. A teaser of the Japan Mobility Show concept shows a wedge-shaped silhouette with a long wheelbase, tucked-down nose and raked windshield.</p>
<p>It all feeds into how Lexus wants to distinguish itself from the premium pack through its Lexus Driving Signature, a driving experience characterized by quiet comfort and responsive steering.</p>
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<p>&#8220;We consider the battery-electric powertrain ideal for controlling vehicle movement,&#8221; said Watanabe, formerly chief engineer for Lexus Electrified, the operation charged with making the marque gasoline-free. Watanabe took the wheel after previous Lexus brand boss <a href="https://www.autonews.com/manufacturing/how-toyotas-new-ceo-koji-sato-plans-get-real-about-evs" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">Koji Sato was promoted this year to succeed Akio Toyoda as CEO </a>of parent company Toyota Motor.</p>
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<p>As former top engineer for electrifying Lexus, Watanabe serves as the architect of the new direction. Yet the road ahead is uncertain, starting with production and sales plans.</p>
<p>Lexus said it will be ready to sell <a href="https://www.autonews.com/manufacturing/lexus-ready-sell-million-evs-how-build-them" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">1 million EVs annually in 2030</a>, which represents a huge ramp-up. Toyota and Lexus brands combined sold just under 25,000 EVs worldwide in 2022. Through August of this year, Lexus sold only 2,068 RZ electric crossover vehicles in the U.S.</p>
<p>Just how and where to <a href="https://www.autonews.com/manufacturing/toyota-takes-tesla-radical-update-ev-production" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">manufacture EVs </a>is a plan still in the making. Watanabe said the key is commoditizing the hardware as much as possible to drive down costs to compete with the likes of Tesla and China&#8217;s BYD.</p>
<p>&#8220;We need to make it easier to build and simplify as much as possible,&#8221; Watanabe said, adding that it is &#8220;important to humbly look at and learn from&#8221; Tesla&#8217;s achievements. &#8220;One of our first steps will be modifying and rethinking our production methods.&#8221;</p>
<p>Lexus will piggyback on a slew of new production techniques being readied by Toyota. These include cars that drive themselves through assembly lines and the adoption of giga casting techniques to greatly reduce the number of components.</p>
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<p>Another challenge is setting Lexus apart in the age of commoditized EVs.</p>
<p>&#8220;We need to be more unique &#x2014; we need to define that,&#8221; Watanabe said. &#8220;If we rely only on product alone, we probably can&#8217;t get as far as we need to go. We need to offer more. After the customer has bought the product, what other kind of experiences are possible?&#8221;</p>
<p>Diversifying the brand lineup to appeal to regional needs is one way to accomplish that, Watanabe said.</p>
<p>In Europe, for example, Lexus offers the LBX compact crossover based on the same architecture as the Toyota Yaris Cross. Customers in <a href="https://www.autonews.com/china" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">China</a> and Japan, meanwhile, are being targeted with the boxy LM van, a chauffeured living room on wheels for the executive set. And the redesigned <a href="https://www.autonews.com/cars-concepts/new-2024-lexus-tx-redesigned-2024-lexus-gx-fulfill-big-needs" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">GX SUV and new TX</a> three-row family crossover are geared toward North America, where people want premium performance both on the road and off.</p>
<p>&#8220;For the first time on a global scale, we&#8217;re bringing unique products to different regions,&#8221; Watanabe said. &#8220;That&#8217;s what&#8217;s unique about this time in our brand history.&#8221;</p>
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<p>To highlight its commitment to fresh thinking at the brand event, Lexus showed off a recreational off-highway vehicle dubbed the ROV Concept. The four-wheeled dirt devil is based on the Yamaha YXZ1000R.</p>
<p>But Lexus engineers reworked its 998-cc three-cylinder internal combustion engine to become a zero-emission powerplant that burns hydrogen instead of gasoline. Professional drivers demonstrated the vehicle&#8217;s rock-chewing chops in a stomach-churning romp through a new off-road test track carved into the hills above Fuji Speedway&#8217;s paved international circuit.</p>
<p>The performance of the ROV surely impressed. But engineers said its meager range of just 12 miles on a full tank of hydrogen will keep the wild runabout in the development lab for the time being.</p>
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<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2023/09/20/new-lexus-brand-boss-plans-big-ev-overhaul-benchmarking-tesla/">New Lexus brand boss plans big EV overhaul, benchmarking Tesla</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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		<title>Stack&#8217;s arrival signals renewed confidence in automated vehicle tech</title>
		<link>https://carbuyersalliance.com/2023/09/19/stacks-arrival-signals-renewed-confidence-in-automated-vehicle-tech/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Tue, 19 Sep 2023 05:38:29 +0000</pubDate>
				<category><![CDATA[Industry]]></category>
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					<description><![CDATA[<p>The launch of self-driving truck startup Stack AV represents more than the return of Argo AI&#8217;s co-founders to the autonomous driving realm. It might be a bellwether for the broader industry&#8217;s burgeoning health, said Reilly Brennan, general partner at Trucks Venture Capital. &#8220;That investment announcement was probably one of the most significant things to happen</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2023/09/19/stacks-arrival-signals-renewed-confidence-in-automated-vehicle-tech/">Stack&#8217;s arrival signals renewed confidence in automated vehicle tech</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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<p>The launch of self-driving truck startup Stack AV represents more than the return of Argo AI&#8217;s co-founders to the autonomous driving realm.</p>
<p>It might be a bellwether for the broader industry&#8217;s burgeoning health, said Reilly Brennan, general partner at Trucks Venture Capital.</p>
<p>&#8220;That investment announcement was probably one of the most significant things to happen to the automotive technology space in the past 12 months,&#8221; he said last week at the <i><a href="https://www.autonews.com/live-blog/detroit-auto-show-updates-and-automotive-news-congress" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener"><i>Automotive News </i>Congress in Detroit</a>.</i></p>
<p>Stack was founded with a $1 billion investment from SoftBank Group Corp., according to Crunchbase records. The startup&#8217;s executives revealed their intentions to enter the choppy self-driving truck industry this month.</p>
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<p>The company is helmed by Bryan Salesky, Pete Rander and Brett Browning. If the names sound familiar, it&#8217;s because all three were senior executives at Argo AI, the self-driving startup funded by Ford Motor Co. and Volkswagen <a href="https://www.autonews.com/commentary/argos-end-overshadows-waymo-cruise-and-zoox-robotaxi-progress" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">that closed last October</a>.</p>
<p>Argo&#8217;s demise symbolized the automated driving industry&#8217;s broader struggles. The return of Salesky, Rander and Browning might capture its renewal.</p>
<p>&#8220;Those are great founders, and great founders can often raise money even in a tough market,&#8221; Brennan said.</p>
<p>&#8220;It&#8217;s also a signal SoftBank is back,&#8221; he said. &#8220;We&#8217;re doing billion-dollar funding rounds again. People had thought for a while SoftBank Group was out of that game, and now they&#8217;re back.&#8221;</p>
<p>Stack enters the autonomous trucking realm at an uncertain time.</p>
<p>Self-driving trucks are considered a potential salve for human driver shortages but have been met with resistance in places such as California. A bill to prohibit AVs from operating without a human driver aboard was passed out of the state Senate last week and now heads to Gov. Gavin Newsom, who is expected to veto the legislation.</p>
<p>Aurora Innovation, a top competitor, <a href="https://www.autonews.com/mobility-report/aurora-innovation-seeks-800-million-stock-sales" target="_blank" class="omnitrack inline-paragraph-link" data-omnilocation="articlebody" data-omnilink="editorial-link" rel="noopener">sold $820 million worth of stock</a> in July to bolster its financial runway. Aurora intends to begin operations in Texas by the end of 2024.</p>
<p>Elsewhere in the long-haul industry, the outlook has been less sure-footed. Just days after Aurora raised that capital, Waymo decided to scale back its self-driving truck program to instead devote efforts to robotaxis. Locomation closed this year, while another company, Embark, explored liquidation before being purchased by Applied Intuition.</p>
<p>Stack already has test vehicles on the road but has not yet divulged a time frame in which it intends to commence commercial driverless operation.</p>
<p>Its founders see an imminent need.</p>
<p>&#8220;As global commerce continues to become increasingly interconnected, now more than ever businesses have a dire need for more reliable and efficient supply chains, especially in the trucking and freight industries,&#8221; Rander, the company president, said in a written statement.</p>
<p>Stack already has 150 employees. Some work at its Pittsburgh headquarters, and others are located in 14 other states, part of what Stack calls an &#8220;innovative remote work/co-working collaboration model.&#8221;</p>
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		<title>Flying cars, mobility forum target imagination</title>
		<link>https://carbuyersalliance.com/2023/09/09/flying-cars-mobility-forum-target-imagination/</link>
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		<pubDate>Sat, 09 Sep 2023 15:33:12 +0000</pubDate>
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					<description><![CDATA[<p>Flying cars, Malcolm Gladwell and Shaggy are coming to this year&#8217;s Detroit auto show. The show is bringing back its Air Mobility Experience for a second year, featuring displays from two companies developing electric vertical takeoff and landing vehicles. The CEOs of both companies &#x2014; Rani Plaut of AIR in Israel and Jim Dukhovny of</p>
<p>The post <a rel="nofollow" href="https://carbuyersalliance.com/2023/09/09/flying-cars-mobility-forum-target-imagination/">Flying cars, mobility forum target imagination</a> appeared first on <a rel="nofollow" href="https://carbuyersalliance.com">Car Buyers Alliance</a>.</p>
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<p>Flying cars, Malcolm Gladwell and Shaggy are coming to this year&#8217;s Detroit auto show.</p>
<p>The show is bringing back its Air Mobility Experience for a second year, featuring displays from two companies developing electric vertical takeoff and landing vehicles. The CEOs of both companies &#x2014; Rani Plaut of AIR in Israel and Jim Dukhovny of Alef Aeronautics in San Mateo, Calif. &#x2014; will speak as part of the Mobility Global Forum on Wednesday.</p>
<p>&#8220;Building upon the laser focus on electrification in vehicles and aircraft, it&#8217;s a natural progression for shows like ours to take a look at the expanding mobility ecosystem,&#8221; Detroit Auto Show Chairman Thad Szott said in a statement. &#8220;Our &#8216;Air Mobility Experience&#8217; will again this year capture the imagination of visitors by showcasing the sky&#8217;s the limit in future mobility.&#8221;</p>
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<p>The main speaker of the two-day mobility forum will be journalist and futurist Malcolm Gladwell, the author of six <i>New York Times</i> bestselling books. Panelists during the event include racing team owner Chip Ganassi, Pininfarina CEO Silvio Pietro Angori, Ford Motor Co. Chief Data Scientist Bryan Goodman and General Motors Chief Customer Experience Officer Donald Chesnut.</p>
<p>The auto show&#8217;s black-tie Charity Preview, a fundraiser for six southwest Michigan children&#8217;s charities, is Friday.</p>
<p>Headlining the Charity Preview will be Jennifer Hudson &#x2014; the singer and actress who portrayed Motown great Aretha Franklin in the 2021 movie <i>Respect </i>&#x2014; and reggae artist Shaggy.</p>
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