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Tesla is recalling almost 700,000 vehicles over a tire pressure monitor issue

20 December 2024 at 14:36

Another day, another Tesla recall. This time, the National Highway Traffic Safety Administration (NHTSA) informed the owners of almost 700,000 Tesla vehicles warning them of a problem with a warning light for the tire pressure monitoring system as reported by the Associated Press.

The recall affects the 2024 Cybertruck, 2017-2025 Model 3 and 2020-2025 Model Y Vehicles. The NHTSA says the warning light for the tire pressure monitoring system may not stay illuminated between drives.

Tesla says it will send out an over-the-road (OTR) update to vehicles affected by the warning light issue. Owner notification letters are expected to be mailed on Feb. 15, 2025.

The past year has seen more than a few Tesla recalls and OTRs. The NHTSA recorded seven recalls in the last year for the Cybertruck to address problems involving the rear-view camera, faulty windshield wipers and loose trunk beds. Tesla issued an over-the-air update in June for 1.8 million vehicles including select 2021-2024 Model 3, S and X vehicles and 2020-2024 Model Y vehicles to fix hoods that could come loose during drives if closed improperly.

This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/tesla-is-recalling-almost-700000-vehicles-over-a-tire-pressure-monitor-issue-223639361.html?src=rss

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© Tesla

The National Highway Traffic Safety Administration issued a recall for 700,000 Tesla vehicles.

Honda is unveiling two Series 0 EV prototypes at CES 2025

19 December 2024 at 04:00

Honda is officially introducing two Series 0 electric vehicle prototypes at CES next year, and the company says they'll be available for purchase around the world sometime in 2026. The vehicles will be based on the futuristic-looking concepts the company presented at CES 2024, including a flagship model called the Saloon that featured an aerodynamic design. They'll be the company's first entries in the Series 0 lineup, which are also expected to feature an advanced driver-assisted system and, over the coming years, AI-powered automated driving features. 

In addition to presenting the prototypes themselves, Honda will also introduce a new proprietary vehicle operating system that the Series 0 cars will use. Plus, it will give you a look at the SoC powering the vehicles during the event. Honda trailed behind competitors in terms of making the transition to electric vehicles, but its first electric SUV, the Prologue, became one of the best-selling EVs in the US after its release in the country earlier this year. The company will unveil its new EV prototypes during its press conference in Las Vegas that will be held on January 7 at 10:30AM PT/1:30 PM ET. The event will be livestreamed on YouTube, but we'll also keep you updated on the latest news from CES 2025. 

This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/honda-is-unveiling-two-series-0-ev-prototypes-at-ces-2025-120017862.html?src=rss

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© Honda

The silhouette of two vehicles.

Honda and Nissan reportedly open merger talks

17 December 2024 at 17:46

Honda and Nissan are reportedly set to discuss a merger. The Japanese publication Nikkei said the two automakers plan to sign a memorandum of understanding to sort out shared equity stakes in a new holding company for the consolidated rivals.

The potential merger would combine the assets of Japan’s second- and third-biggest automakers, giving them a better shot of competing with the nation’s market leader, Toyota. Bloomberg adds that it would also put them in a better position against Tesla and Chinese EV makers. Nikkei says Mitsubishi could join the talks later.

Earlier this year, Honda and Nissan said they would work together on software development, batteries and other EV components. That “combine-and-compete” alliance followed Toyota’s acquisition of stakes in Subaru, Suzuki and Mazda. With today’s news that the pair are ready to take the next step, the landscape is clearly heading toward fewer (but bigger) legacy automakers competing for customers.

The companies confirmed that they're in talks to The New York Times. "As announced in March of this year, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths," they told the publication. 'We will inform our stakeholders of any updates at an appropriate time."

Bloomberg also reported on Tuesday that Honda is stepping up production of hybrid vehicles as demand for electric / gas vehicles remains high outside of China. The automaker is aiming to double its annual hybrid sales by 2030. “The goal is still to become carbon neutral by 2050, but demand for hybrids will remain high for the foreseeable future,” Honda Chief Officer Katsuto Hayashi said on Sunday. “We see most of that growth happening in North America.”

Speaking of North America, US President-elect Donald Trump reportedly plans to reverse President Biden’s EV policies. His transition team is said to have recommended ending government support for EVs and charging stations and focusing instead on blocking cars, components and battery materials sourced from China. Climate scientists have warned that transitioning from gas-powered to electric vehicles is necessary to reduce carbon emissions and head off the most catastrophic projections for our planet.

Update, December 17, 2024, 8:46PM ET: This story has been updated to add a statement the companies had provided to The New York Times

This article originally appeared on Engadget at https://www.engadget.com/transportation/honda-and-nissan-reportedly-open-merger-talks-205454769.html?src=rss

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© Honda

Executives from Nissan (left) and Honda shaking hands.

The Audi Q6 E-Tron is an OLED dream machine

17 December 2024 at 06:00

The Q6 E-Tron is Audi's new crossover SUV, a five-passenger EV model that pairs nicely with the current gas-powered Q5.
Tim Stevens for Engadget

I've been on a bit of a quest to replace all the LCD panels in my life with OLED. I recently swapped an aging (and shattered) iPad Pro with a Samsung Galaxy Tab S9, which is much easier on the eyes when watching late-night, trans-Atlantic movies. I've been a Galaxy S user for many years now, and I also switched to a Lenovo X1 Carbon laptop with an OLED display this year. I guess you could say I'm quite drawn to the rich color reproduction and stellar contrast, especially in low-light situations.

Given that, I was intrigued by Audi's new Q6 E-Tron, which has the most expansive suite of OLED displays I've ever seen in a car. Not only did Audi's engineers splay a series of curved panels across the dashboard, reaching practically from the left door to the right, they even embedded them into the taillights out back. It's an OLED smorgasbord, but it'd be a big waste of electroluminescence if the car weren't any good.

Thankfully, it is.

The Q6 E-Tron is Audi's new crossover SUV, a five-passenger model that pairs nicely with the current Q5. The new Q6, though, is slightly larger in most dimensions and — more significantly — battery-powered. This is in keeping with the brand's current mission to differentiate its EV line from its ICE offerings by assigning even-numbered designations to electric models and odd numerals to the gas-powered ones.

The Q6 E-Tron updates Audi's signature look with big, aggressive front fascia and lighting on the nose.
Tim Stevens for Engadget

At first, I thought this numerical nomenclature was just that — odd. But with the market increasingly skeptical about electrification, this gives Audi the ability to position its battery-powered and internal-combustion (ICE) cars in the market in parallel while also differentiating them, catering to buyers who are happy to plug in as well as anyone who still sees filling up at a gas station as preferable.

No judgments, you do you, but for those ready for an electric lifestyle, the Q6 E-Tron is Audi's most compelling offering yet.

It starts with a fresh look. This SUV carries enough familiar styling cues, like the brand’s four rings, to make it immediately identifiable as an Audi. Despite that, it looks thoroughly fresh and clean. From the big, aggressive front fascia and lighting on the nose to the evocatively curved fender flares on the side (a nod to the E-Tron GT), it looks great at any angle, up to and including the pert and clean lighting at the rear.

That continues on the inside. Overlapping shapes and contours create an interesting space, while a selection of mostly quality materials make for surfaces as nice to touch as they are to admire.

The Q6 boasts three OLED displays, measuring 11.9 inches on the left behind the steering wheel, 14.5 in the center for the primary, curved infotainment display, and an optional third,10.9-inch display for the passenger on the far right.
Tim Stevens for Engadget

As you step from the Q6 to the sportier SQ6, that just improves, with a slash of racy microsuede material across the dashboard paired with a bit of carbon fiber. The SQ6 delivers a healthy 509 horsepower to all four wheels in launch mode (483 without) thanks to a dual-motor configuration. The lesser Q6 Quattro still impresses with 456 hp from the same dual motors (422 not in launch mode). There's also a rear-drive, single-motor Q6 with 322 hp in launch mode (302 without), but I don't think many folks will choose that one, for reasons I'll delve into a bit later.

At Audi's US launch of the Q6, I sampled both the Q6 Quattro and sportier SQ6 and was really impressed by their disparate driving characters. The Q6 is comfortable and quiet, with generally good ride quality when outfitted with the optional air suspension and engaging handling. As you cycle through the various drive modes, there isn't a radical change, but switch to Dynamic mode, and it does get a fair bit more exciting.

Those who want a more vigorous experience, though, will want to step up to the SQ6. The extra power is nice, yes, but the combination of larger wheels with sportier tires and a more aggressive suspension tune makes for a car that feels substantially more engaging. It handles nicely for a small SUV and actually delivers good feedback through the steering, making for something that wants to be pushed through the corners.

The optional 10.9-inch display for the passenger includes a dynamic privacy filter.
Tim Stevens for Engadget

But that extra helping of aggression does come at a cost. The SQ6 has a noticeably harsher ride quality, even when its air suspension is at its most comfortable mode. There's also a good bit more road noise from the tires, too.

That noise is still quite scant compared to a typical, internal-combustion car, making the Q6 a great venue for the 20-speaker, 830-watt Bang & Olufsen sound system. It's optional, but it's a worthy upgrade if only thanks to the extra speakers mounted into the headrest.

Many cars have stuck speakers behind your head in the past, but Audi's doing some interesting things here, like directing voice navigation prompts and even call audio directly to the driver's ears. Initially, the effect is a little unnerving. It almost feels like bone conduction, as if the nav system were announcing the next turn directly inside your head, but that direct connection means it's far less distracting for anyone else in the car.

I always turn off voice prompts in my cars because they disrupt the flow of music, but with this, I could see myself actually leaving them on.

There's an 11.9-inch OLED screen behind the steering wheel.
Tim Stevens for Engadget

As good as the sound is, the visuals are much better. The hallmark of the interior are those aforementioned OLED displays, three of them, measuring 11.9 inches on the left behind the steering wheel, 14.5 in the center for the primary, curved infotainment display and an optional third, 10.9-inch screen for the passenger on the far right.

These three aren't as tidily integrated as Mercedes-Benz's mighty Hyperscreen, but the quality of the displays seems higher, and the capability is impressive, too. The passenger can cue up YouTube videos and watch them if they like, while a dynamic privacy filter keeps the driver from snooping.

There are plenty of other apps, too. I installed The Weather Channel to get an update on the forecast while I was in the passenger seat to see whether there was any sunshine ahead for the next photo stop (there wasn't), but familiar media apps like Audible and Spotify were primed for download, too.

The capacitive touch buttons are far too sensitive, and led to many an accidental activation.
Audi

The revised MMI interface is busy, and I occasionally struggled to find settings in various submenus, but it is at least responsive. And, with both wireless Android Auto and Apple CarPlay on offer, you can bring your own experience. My biggest interface problem was actually with the steering wheel. The controls on the spokes are capacitive touch, and during a half-day behind the wheel, I accidentally hit the volume up button a half-dozen times. What's wrong with actual buttons, again?

If all those displays aren't enough, the Q6 also offers an optional, augmented reality HUD that sits right in your field of view. This means it can do things like project hovering blue arrows to tell you exactly when to turn but also identify on the road where the speed limits change and even paint warning arrows over cars that you're following too closely.

The sweeping and flashing graphics in the HUD are distracting at first but effective. If you're the sort who's never quite sure which turn to take when your nav tells you to take the third exit from the next roundabout, this HUD is for you.

So, the tech and the drive are quite compelling. How much are you going to pay for this privilege? It is, predictably, not cheap — but also not outrageous in the grand scheme of today's luxury SUV EV offerings.

The Q6's frunk adds an additional 2.3 cubic feet of storage space to the 30.2 offered by the rear cargo area (without the seats folded down).
Tim Stevens for Engadget

The base, rear-drive 2025 Audi Q6 E-Tron starts at $63,800 and will do 321 miles on a charge from a 100 kWh (94.4 net) battery pack. Stepping up to the dual-motor Quattro edition costs just $2,000 more and only loses 14 miles of range, an EPA rating of 307. This is why I think few people will opt for the RWD flavor.

The RWD car also charges more slowly: A 260 kW max charge rate compared to 270 kW for the Quattro cars.

The SQ6 Quattro does 275 miles on a charge and starts at $72,900, while the version I drove with all the displays and toys was $83,840. Yes, that's a lot, but if you don't need all that performance, the loaded Q6 Quattro I drove was $76,790. Still not cheap, but a bit less than the $77,295 starting price of the electric Porsche Macan, which shares virtually the entire drivetrain and platform.

The problem? That's a huge premium over the starting price of Audi's most comparable gas-powered machine, the Q5, which can be had for as little as $45,400. Is the Q6 worth the extra cost? I wouldn't necessarily spring for the sportier SQ6, but even the base Q6 offers far more power and tech than the Q5, plus lower running costs and a lack of maintenance. Despite the similar name, it's in a different class. Sure, it's a bit of a splurge, but I'd rather have the even-numbered one in my garage.

This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/the-audi-q6-e-tron-is-an-oled-dream-machine-140018286.html?src=rss

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Toyota takes on Volvo's EX30 with the Urban Cruiser compact electric SUV

12 December 2024 at 05:45

Toyota just introduced a new compact electric SUV and dug into the past for inspiration. The new Urban Cruiser EV borrows its name for a car that first came along in the early 2000s and is based on the company's Urban SUV Concept unveiled last year. It looks like it's designed to compete with Volvo's EX30 and much like that vehicle, will come with a number of battery and drive options.

To give you an idea of size, the Urban Cruiser will be slightly larger than Toyota's hybrid compact SUV, the Yaris Cross. It'll be built on a new battery electric vehicle (BEV) platform that frees up extra space for the battery and occupants. 

It'll come with two battery pack options, 49kWh and 61kWh, a bit smaller than the EX30's offerings (51kWh and 69kWh). The smaller pack supports up to 144 HP and 140 pound feet, while the larger pack option ups that to 174 HP and the same torque. If you upgrade to the dual-motor system, you'll see 184 HP and 221 pound feet of torque. Those power levels are far less than the EX30, which offers 268 HP as standard and a wild 422 HP on the twin-motor performance version. 

Toyota takes on Volvo's EX30 with the Urban Cruiser compact electric SUV
Toyota

The Urban Cruiser will offer active safety features like adaptive cruise, active collision avoidance and lane-departure warning, along with a 360 degree camera. Inside, you'll get a 10.1-inch infotainment display along with a 10.25-inch driver's display, all in one unit. Apple CarPlay and Android Auto will be standard.

Toyota takes on Volvo's EX30 with the Urban Cruiser compact electric SUV
Toyota

Price and range have yet to be revealed, but Toyota will be in tough against the much more powerful Volvo EX30 if the sticker isn't substantially lower. The Urban Cruiser is also arguably less attractive as well. It's set to arrive in the UK and elsewhere in Europe in the third quarter next year. 

This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/toyota-takes-on-volvos-ex30-with-the-urban-cruiser-compact-electric-suv-143041000.html?src=rss

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© Toyota

Toyota takes on Volvo's EX30 with the Urban Cruiser compact electric SUV

Amazon starts selling Hyundai cars, more brands next year

Amazon started selling new cars today. The online retailer and Internet giant has had its sights on shifting metal for some time now, and if you live in one of 48 cities in the US, and you're looking for a new Hyundai, it's ready for your business.

Hyundai has been working with Amazon for several years on its digital experience, adding Alexa to its cars and showcasing its products at Amazon.com. But now, with Amazon Autos, customers can go ahead and buy the car, not just learn about it so they can go to a dealer well-informed.

In fact, the dealerships remain part of the process even with Amazon Autos—hence the fact that the service is not rolling out nationwide.

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Amazon is officially in the online car sales business

10 December 2024 at 06:01

Amazon expanded Tuesday into online car sales with the launch of Amazon Autos, an e-commerce business that lets customers find, order, and buy new cars, trucks, and SUVs from dealerships. Amazon is kicking off the new endeavor with Hyundai in 48 U.S. cities, including Atlanta, Boston, Chicago, Los Angeles, and New York. The launch comes […]

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Automakers say they need a 'miracle' to meet EV transition timelines. They think Trump could help.

6 December 2024 at 01:14
electric car charging
Automakers are facing lower-than-expected demand for EVs this year.

Shutterstock

  • Auto execs see an opportunity to roll back state EV mandates under President-elect Donald Trump.
  • Nissan and Toyota say state rules requiring a rapid uptick in EV sales are unrealistic.
  • Automakers are facing slowing EV demand, job cuts, and competition from China.

Some auto executives see an opportunity with the incoming Trump administration to roll back state rules requiring a rapid uptick in electric vehicle sales.

Executives at Nissan, Toyota, and the auto industry's largest US lobbying group say it will be impossible for the industry to meet aggressive timelines to phase out gas-powered cars and trucks by 2035 in a dozen states including California and New York, as well as Washington, DC. In six states, a target kicks in in 2026, when at least 35% of new car sales must be EVs.

"It will take a miracle to be achieved," Jérémie Papin, senior vice president of Nissan, said this week during an event in Washington, DC. "That's where others need to do a reality check on what's possible."

He noted that EVs accounted for about 9% of new car sales nationwide in the third quarter — a record, but still far short of what regulators are requiring by 2026.

Automakers, facing lower-than-expected demand for EVs this year, are pulling back on production, and some companies are cutting jobs to save costs. At the same time, they have poured billions of dollars into EVs and executives say they are committed to the transition, especially to stay competitive with China as it churns out more affordable EVs. That balancing act has put the industry in a delicate position with Trump who railed against EVs on the campaign trail, vowing to kill tax credits and other incentives encouraging Americans to buy them.

Now the industry is strategizing how to influence Trump, including on EV sales requirements they view as too ambitious. Trump will likely take their side.

At a campaign event in Michigan in October, he said no state would be allowed to ban gas-powered cars. Trump during his first term tried to revoke California's authority to set stricter limits on tailpipe pollution than the federal government. California is granted that authority under the Clean Air Act but must get waivers from the Environmental Protection Agency. Biden restored the states' authority — a move currently being litigated and could reach the Supreme Court.

To avoid uncertainty, a group of automakers, including BMW, Ford, Honda, and Volkswagen, struck an agreement with California in 2020 to follow the state's rules through 2026.

The rules are stricter than federal regulations issued earlier this year by the Biden administration's EPA. Those federal rules aren't an "EV mandate," as Trump falsely said on the campaign trail. Rather, automakers can choose how to curb greenhouse gas emissions from cars, trucks, SUVs, and vans sold between 2027 and 2032. The agency estimated the rules could boost EVs to up to 56% of new car sales, with the rest from a mix of hybrids and gas vehicles.

'Not ready to go electric'

Dealers, which were the first to sound the alarm on changes in the EV market last year, have argued that state and federal emissions requirements are out of step with demand. As companies push to meet these requirements, dealers complain they are stuck with unpopular EVs on their lots.

"A majority of customers are simply not ready to go electric right now," Dave Kelleher, a Chrysler-Dodge-Jeep-Ram dealer in Pennsylvania, told BI. "Maybe with a new administration, some of those fines will become a thing of the past, or even mitigated."

Karoline Leavitt, spokeswoman for Trump's transition effort, said Trump will stop attacks on gas-powered cars.

"When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars AND electric vehicles," she said in an email.

John Bozella, president of the Alliance for Automotive Innovation, which represents companies producing nearly all the new vehicles sold in the US, sent a letter to Trump in November asking that he ease emissions regulations but keep EV tax incentives fueling domestic investment in the supply chain.

An analysis commissioned by the Natural Resources Defense Council found that companies have announced $312 billion in planned investments in EVs and battery production since Biden took office in 2021, fueled partly by tax incentives in the Inflation Reduction Act.

One automaker, Toyota, supports doing away with EV mandates and subsidies altogether. In a recent op-ed in the Wall Street Journal, Toyota Chief Operating Officer Jack Hollins wrote that state mandates distort the market because companies funnel zero-emissions vehicles to those locations and ultimately limit choices for customers.

General Motors initially sided with Trump in his crusade against California's EV rules, but dropped its support of the legal battle after Biden won the 2020 election. It's unclear whether the automaker would once again side with Trump if he tries to roll back emissions requirements. Paul Jacobson, General Motors' executive vice president and chief financial officer, told reporters that ideally there'd be more consistency between federal and state rules. But the automaker will respect regulators' authority, he said.

"There's a lot at stake here," Jacobson said during the event in Washington. "That's why we talk about being nimble across the board, because sometimes it's the marketplace and sometimes it might be the regulatory environment. But we can't make excuses for poor performance. It's not just Washington. It's China, it's Europe. There's a lot of things going on all over the world and we have to be able to respond to that."

Read the original article on Business Insider

Stellantis CFO reveals 2 tensions around the CEO's abrupt exit and promises to rebuild trust

4 December 2024 at 12:05
Former Stellantis CEO Carlos Tavares
Controversial Stellantis CEO Carlos Tavares resigned early on Sunday. His term was set to end in early 2026.

Magali Cohen / Hans Lucas / Hans Lucas via AFP

  • Stellantis CEO Carlos Tavares abruptly resigned on Sunday.
  • The Jeep-maker's CFO on Wednesday gave one of the first public interviews since the departure.
  • He described disagreements between the company's board and the former CEO.

A top Stellantis executive on Wednesday gave an internal peek into CEO Carlos Tavares's abrupt exit.

Doug Ostermann, the Jeep maker's CFO, said at an investor conference that he noticed a divergence between Tavares and the company's board on two key issues: operational priorities and how leaders interacted with key stakeholders like dealers, suppliers, and unions.

Tavares stepped down on Sunday. Ostermann said Tavares and the board couldn't agree on how to run the company through the end of his tenure, previously scheduled to last until early 2026.

Most of the disagreements "related to tactical issues on how to run the business over that kind of short-term time period and what actions should be taken in regard to short-term metrics versus longer-term benefit of the company," Ostermann said in response to a question at a Goldman Sachs conference.

Critics of Tavares have argued that his cost-cutting actions, particularly in the Jeep brand, created a short-term illusion of success while fueling a long-term problem for demand in the critical US market. He cut popular models like the Jeep Cherokee and Renegade, which will now return in 2026.

His decision to step down from the top job at Stellantis came after months of pressure from disgruntled investors, dealers, and union officials.

"We need to build back trust," Ostermann said. "There's a strong desire among the management team today to really work on that — and it'll take time."

On the road to recovery

Parting ways with Tavares was a good first step in rebuilding trust, US dealers and union leaders said.

Dave Kelleher, a Chrysler-Dodge-Jeep-Ram dealer in Pennsylvania, told Business Insider he was encouraged by the company's about-face from its previous commitment to Tavares through his initial contract and saw the CEO's departure as a sign that dealers' concerns were being taken seriously.

"It was clear to me, and to other dealers, that we needed to move on quickly and get this thing on the right track," Kelleher said.

Stellantis's US sales this year through September, the most recent report, were down 17% compared to a year ago. Profit-generators Jeep and Ram posted the biggest volume losses, with Jeep ceding significant market share to competitors like Hyundai in the affordable SUV segment.

Stellantis's US dealers released an open letter to Tavares over the summer, accusing the chief executive of "reckless short-term decision-making" that has had "devastating, yet entirely predictable, consequences in the US market."

UAW President Shawn Fain released a statement this week calling Tavares's exit a "major step in the right direction."

"For weeks, thousands of UAW members at Stellantis have been calling for the company to fire Carlos Tavares due to his reckless mismanagement of the company," Fain said in the statement. "We are pleased to see the company responding to pressure and correcting course."

Fain also said that the union is still committed to holding Stellantis accountable amid planned layoffs the union says violate the 2023 collective bargaining agreement.

"We are looking forward to sitting down with the new CEO, backed up by thousands of UAW Stellantis members ready to take action, and discussing their plan to keep making world-class vehicles here in the United States," Fain said.

Read the original article on Business Insider

China's 'ruinous' EV price war cannot last forever, says Volkswagen exec

23 November 2024 at 01:57
Thomas Schäfer, CEO of the Volkswagen brand at Axel Springer House in Berlin November 2024
Thomas Schäfer is CEO of the Volkswagen brand.

Tristar Media/Getty Images

  • Volkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says.
  • Thomas Schäfer says VW wants to remain the biggest international automaker in the country.
  • He made the comments in an interview with Welt Am Sonntag, BI's sister outlet.

Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said.

Thomas Schäfer, CEO of the VW brand, said the "price war for electric cars cannot go on forever" in China and that the German group wants to remain the largest international automaker in the world's largest auto market.

Schäfer made the comments in an interview with Welt Am Sonntag, the German newspaper that is part of the Axel Springer group along with Business Insider.

Chinese car makers such as BYD have proved stiff competition for foreign players like VW by offering a wider selection of more affordable, better-equipped EVs.

Last month, General Motors CEO Mary Barra said China's EV market was unsustainable because a large number of manufacturers kept driving prices "lower and lower" to win sales.

VW has three joint ventures in China, producing more than 4 million vehicles annually. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers.

Rival German automakers BMW and Mercedes-Benz have also suffered stuttering sales in China this year.

People look at a Volkswagen ID7 at the 2024 Wuhan International Auto Show in China.
The ID.7 is one of Volkswagen's models sold in China.

Wang He/Getty Images

Like other foreign automakers, profits from China had helped VW balance financial difficulties in other markets. Schäfer said it was now "high time to address" this situation.

The VW group, which also owns marques such as Audi, Porsche, and Seat, has told unions that it plans to close factories in Germany for the first time and significantly reduce its workforce in Europe.

Schäfer said VW's production capacity in Europe was too high compared with market demand and the company had to move to a "stable economic footing."

"Any solution must reduce both overcapacity and costs. We can't just stick a plaster on it," he said.

Labor costs at its German factories were "twice as high" as in other parts of Europe and needed to "fall drastically," Schäfer said.

"Our plants in Spain, the Czech Republic, Portugal, and Slovakia have worked very intensively on their costs for years and have significantly lower wage and salary levels."

He outlined VW's plans to address its financial situation by the end of 2026 and launch eight new models, including affordable entry-level EVs the following year.

"The goal is to have three cars in the top 10 best-selling vehicles in Europe" and remain the continent's biggest automaker, Schäfer said.

Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group.

Asked about Donald Trump's plans to cancel EV subsidies and impose steep tariffs on imports, Schäfer said, "We worked sensibly with President Trump and his administration in the last term of office.

"We will do that again. We are well located in the USA and Mexico and are building a huge battery factory in Canada. With Scout, the group is reviving a legendary US brand. You certainly can't blame us for not investing there."

Aerial view of Volkswagen's plant in Chattanooga, Tennessee
Volkswagen's plant in Chattanooga, Tennessee.

Elijah Nouvelage/Getty Images

The prospect of higher trade barriers underlines the importance of having the right strategy, the executive added.

"We build cars in China for China; the same is happening in Europe and North America. Of course, this does not reduce development costs. But we are gaining resilience and can also serve the local demands of our customers even better," Schäfer said.

"It is a huge opportunity for us to be located as a manufacturer on all continents and thus be able to scale our large volumes across the regions."

Read the original article on Business Insider

Hyundai recalls over 145,000 EVs in the US

22 November 2024 at 08:16

Hyundai is recalling around 145,235 electric vehicles in the US, according to a report by Reuters. The National Highway Traffic Safety Administration (NHTSA) said the recall was due to a loss of drive power. The safety regulator noted that integrated charging control units on these models are easily damaged, leading to an internal battery that won’t charge.

The recall includes a whole bunch of models, including certain Ioniq 5 and Ioniq 6 EVs, in addition to some Genesis GV70 and Genesis G80 luxury EVs from the model years 2022 to 2025. Click here for a full list of the impacted vehicles.

Hyundai says its dealers will inspect any vehicle that could have been impacted by the issue for free. These dealers will also replace the aforementioned parts and update the software at no charge.

The company’s sub-brand Kia was also impacted, adding another 62,000 EVs into the recall mix. Certain Kia EV6 models from the model years 2022 to 2024 are being recalled, and for the same reason of a potentially faulty integrated charging control unit. Just like Hyundai, Kia dealers will inspect and repair the issue for free.

Vehicle recalls happen quite regularly. In the past couple of months, we’ve seen Porsche recall over 27,000 Taycan EVs and Jeep recall 194,000 hybrids. Of course, Tesla products get recalled all of the time. That’s just part of the charm.

This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/hyundai-recalls-over-145000-evs-in-the-us-161651760.html?src=rss

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© Hyundai

A car in the desert.
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