Dealer profitability went to reverse in May with the average site turning in losses of £10,000 for the month. The loss negated the gains made in April leaving retailers behind for the overall quarter. According to dealer profitability specialist ASE, a “sizeable cause” of the drop in overall performance was attributable to a hit on… Continue reading Dealers slam into reverse with £10k losses in May
Tag: Recalls
Mazda 3 recall in Australia amid safety fears that ‘wheels could fall off’
Automotive industry The ACCC has also issued recalls for Jeep and Dodge cars made between 2007 and 2010 The 2019 Mazda 3 hatchback is subject to a recall over an issue with the wheel studs that connect the wheels to the car. Recalls have also been issued for Jeep and Dodge vehicles Photograph: PR Three… Continue reading Mazda 3 recall in Australia amid safety fears that ‘wheels could fall off’
Doubts mount on European appetite for electric car
A real pavement in the pond. At a round table held last week in Munich BMW’s director of development, Klaus Fröhlich, said European drivers do not want battery cars. “There is no demand for electric vehicles from customers. None, “he said. “There are requests from regulators, but none from customers. From what we see, electric… Continue reading Doubts mount on European appetite for electric car
Lister lifts the lid on new LFT-C supercar – Daily Record
RENOWNED sports car maker Lister has unveiled the fastest and most powerful open-top supercar in its 66-year history – the exclusive LFT-C. Based on the Jaguar F-Type R, just 10 LFT-C models will be built by the British firm for the worldwide market, with each car receiving a solid silver plaque on the engine cover… Continue reading Lister lifts the lid on new LFT-C supercar – Daily Record
Nio takes another hit as two senior executives leave the electric car startup – Electrek
Nio, the Chinese EV startup that’s recently dealt with vehicle recalls and employee layoffs, has now seen two senior executives leave the company. Nio’s former software head Li Zhang and former U.K. managing director Angelika Sodian have both left the company, a spokesman confirmed to the Financial Times (FT). Furthermore, while the company recently laid… Continue reading Nio takes another hit as two senior executives leave the electric car startup – Electrek
Nio recalls SUVs in China after battery fires
Chinese startup automaker Nio is recalling nearly 5,000 of the ES8 SUVs that it has sold in China following a spate of fires in their battery packs.
Nio says the pack assembly is the problem. A module in the pack can rub against a cable that samples voltage and eventually wear through the insulation—causing a short that leads to a fire. The company will replace the packs in affected cars over the next two months.
Nio has sold 17,000 ES8s in China since April 2018, but the recall only affects vehicles made through last October 19, because the company changed the pack design after that.
The automaker, which has been referred to as the Chinese Tesla, has faced a variety of challenges lately. Sales in the first quarter didn't live up to expectations, and the company put its planned third model, a sedan, on hold while it showed two new concept cars at the Shanghai auto show and ahead of it. The company is just rolling out its second model, a smaller SUV called the ES6.
In March, it abandoned plans to build its own factory in China and said it would continue to rely on fellow Chinese automaker JAC to produce its cars under contract.
The company also had to close one of its research offices outside San Francisco, even as it makes plans to expand outside China. Later in May, it teamed up with fellow Chinese automaker GAC to build cars in China and announced that it would postpone its planned U.S. launch.
Nio is one of the few Chinese automakers traded in the U.S., on the New York Stock Exchange.
Honda issues recall for 1.6M vehicles in US
Roughly 1.6 million vehicles were recalled by Honda on Friday relating to Takata replacement front air bag inflators.Honda is offering free replacements for inflators that don’t have “a moisture absorbing desiccant” in Honda and Acura vehicles in the U.S..The affected parts were either used as replacements during past Takata recall work “or were part of whole airbag modules replaced for other reasons prior to February 2017”.
Electric carmaker NIO recalls 4,803 vehicles
China’s electric car startup NIO recalled 4,803 ES8 vehicles, about one-third of the company’s first batch for delivery, Beijing Youth Daily reported on Friday.Starting from June 27, the company recalled the 4,803 ES8 electric vehicles with power battery packs manufactured between April 2, 2018, and Oct 19, 2018.The power battery pack used in the vehicle within this recall range is equipped with a module of the specification model NEV-P50, which has the voltage sampling harness in an improper position, where it could cause a fire.
Lyft expands bike rentals to Washington DC
Sponsored Links ASSOCIATED PRESS Lyft has expanded beyond traditional rideshare and into other areas like car rentals and transport to and from events. Now, it is updating its app to provide bike-sharing services in the Washington, DC area through Capital Bikeshare, joining New York and San Francisco in offering both cycles and cars from a… Continue reading Lyft expands bike rentals to Washington DC
The future of BMW’s boss in suspense
Harald Krüger is apparently worried about his future at the helm of Bavarian automaker BMW. His contract, which expires in May 2020, may not be renewed, according to the daily “Handelsblatt”. “An extension is no longer considered within the group as the most likely variant,” writes Friday the German business newspaper, while the supervisory board… Continue reading The future of BMW’s boss in suspense