Mercedes plots Tesla attack with $1bn U.S. Electric Push

Daimler AG plans to spend $1 billion to start production of Mercedes-Benz electric vehicles at its Alabama factory, setting the world’s largest luxury-car maker up to battle with battery-car specialist Tesla Inc. on its home turf The German automaker will build its fifth battery plant globally and create more than 600 jobs in the region, the company said […]

Ford boosts its drive for electric cars in China with Zotye Venture

Alan Mulally, Ford Motor Company President and CEO

Ford Motor Co. said it will explore setting up a joint venture to produce electric vehicles in China with Anhui Zotye Automobile Co. as manufacturers step up their investments in lower-emission cars in the world’s biggest auto market. The proposed equally owned joint venture will sell EVs under a new local brand, with details to […]

Mitsubishi to export new model from Indonesia next year, supply Nissan

Mitsubishi Motors Corp will start exporting its new multi purpose vehicle from its Indonesian plant next year, and plans to eventually supply the model to the group’s new parent Nissan Motor, Mitsubishi’s chief executive said. Mitsubishi on Thursday launched the “Xpander”, a new 1.5 liter MPV model, at a car show in Tangerang, on the […]

Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Japan’s Takata Corp, the firm at the centre of the auto industry’s biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. In the biggest bankruptcy of a Japanese manufacturer, Takata faces tens of billions of dollars […]

Jaguar Land Rover to hire 5,000 staff in Brexit boost

Britain’s biggest carmaker Jaguar Land Rover (JLR) (TAMO.NS) will hire 5,000 staff as it boosts its skills in autonomous and electric technology, a welcome business endorsement as Prime Minister Theresa May starts Brexit talks after a botched election. JLR, which employs more than 40,000 people globally, said it would hire 1,000 electronic and software engineers […]