Latest news with #NickCarey
Yahoo
02-06-2025
- Automotive
- Yahoo
Tesla's European sales rout continues but new Model Y boosts Norway deliveries
By Nick Carey LONDON (Reuters) -Tesla's car sales fell sharply in several European markets including Sweden and Portugal in May, a fifth consecutive monthly decline that has been blamed on CEO Elon Musk's political activities and an outdated model lineup. However, Norway, where Tesla has started delivering revamped versions of its midsize SUV Model Y, provided a lone bright spot for the company as it prepares to roll out the refreshed vehicle in more European markets from this month. The company's U.S.-listed shares were 2.2% lower in pre-market trading. Tesla has not launched a new mainstream model since 2020, while traditional automakers are rushing to produce more affordable electric cars and Chinese rivals like BYD enter the European marketplace. In Sweden, Tesla's new car sales plunged 53.7% in May from a year earlier, while in Portugal they were down 68%. Overall electric vehicle sales in both markets rose by almost a quarter in May. Tesla's sales were also down 30.5% in Denmark, 36% in the Netherlands and 19% in Spain, while data from PFA in France released on Sunday showed a 67% fall. In Norway, sales jumped 213% in May, data from the Norwegian Road Federation (OFV) showed, with purchases of Model Ys - both the new and old versions - rising to 2,346 from 690. "Tesla's strong performance in Norway points to the way forward for the company: innovate," said Ben Nelmes, founder of EV data analysis firm New AutoMotive. "No car company can rest on its laurels and be guaranteed success." Buyers can already order a new Model Y across much of Europe, but Tesla's websites in Germany, Britain, France and Italy say estimated deliveries of the lowest-cost version - its biggest seller historically - will only start this month, so have yet to show up in sales data. Tesla has also been offering financial incentives for purchases in Sweden, Germany, Britain and France in a bid to drum up demand. In Norway, it is offering interest-free loans for the new Model Y. Quentin Wilson, founder of EV lobby group FairCharge said Tesla's price cuts were stimulating sales, but with only the Model Y and Model 3 selling in large volumes, "things aren't looking great for the future of the brand". Musk's close alliance with U.S. President Donald Trump and his embrace of far-right politics in Europe have led to protests against the billionaire CEO and his company, as well as vandalism at its showrooms and charging stations across the United States and Europe. Musk left the Trump administration last week, saying he will devote more of his time to running the automaker. The Model Y was Europe's best-selling car in 2023 but Tesla now faces more intense competition in a number of markets. In Sweden, for example, sales of Volkswagen's electric ID.7 were almost twice those of the Model Y. Tesla's mass-market Model 3 was also outsold in Sweden by electric models including Porsche's Macan, BYD's Seal and the G6 from Chinese EV maker Xpeng. (Reporting By Nick Carey; Editing by Kirsten Donovan)
Yahoo
02-06-2025
- Automotive
- Yahoo
Tesla's European sales rout continues but new Model Y boosts Norway deliveries
By Nick Carey LONDON (Reuters) -Tesla's car sales fell sharply in several European markets including Sweden and Portugal in May, a fifth consecutive monthly decline that has been blamed on CEO Elon Musk's political activities and an outdated model lineup. However, Norway, where Tesla has started delivering revamped versions of its midsize SUV Model Y, provided a lone bright spot for the company as it prepares to roll out the refreshed vehicle in more European markets from this month. The company's U.S.-listed shares were 2.2% lower in pre-market trading. Tesla has not launched a new mainstream model since 2020, while traditional automakers are rushing to produce more affordable electric cars and Chinese rivals like BYD enter the European marketplace. In Sweden, Tesla's new car sales plunged 53.7% in May from a year earlier, while in Portugal they were down 68%. Overall electric vehicle sales in both markets rose by almost a quarter in May. Tesla's sales were also down 30.5% in Denmark, 36% in the Netherlands and 19% in Spain, while data from PFA in France released on Sunday showed a 67% fall. In Norway, sales jumped 213% in May, data from the Norwegian Road Federation (OFV) showed, with purchases of Model Ys - both the new and old versions - rising to 2,346 from 690. "Tesla's strong performance in Norway points to the way forward for the company: innovate," said Ben Nelmes, founder of EV data analysis firm New AutoMotive. "No car company can rest on its laurels and be guaranteed success." Buyers can already order a new Model Y across much of Europe, but Tesla's websites in Germany, Britain, France and Italy say estimated deliveries of the lowest-cost version - its biggest seller historically - will only start this month, so have yet to show up in sales data. Tesla has also been offering financial incentives for purchases in Sweden, Germany, Britain and France in a bid to drum up demand. In Norway, it is offering interest-free loans for the new Model Y. Quentin Wilson, founder of EV lobby group FairCharge said Tesla's price cuts were stimulating sales, but with only the Model Y and Model 3 selling in large volumes, "things aren't looking great for the future of the brand". Musk's close alliance with U.S. President Donald Trump and his embrace of far-right politics in Europe have led to protests against the billionaire CEO and his company, as well as vandalism at its showrooms and charging stations across the United States and Europe. Musk left the Trump administration last week, saying he will devote more of his time to running the automaker. The Model Y was Europe's best-selling car in 2023 but Tesla now faces more intense competition in a number of markets. In Sweden, for example, sales of Volkswagen's electric ID.7 were almost twice those of the Model Y. Tesla's mass-market Model 3 was also outsold in Sweden by electric models including Porsche's Macan, BYD's Seal and the G6 from Chinese EV maker Xpeng. (Reporting By Nick Carey; Editing by Kirsten Donovan) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21-05-2025
- Automotive
- Yahoo
Google, Volvo Cars deepen partnership to develop Android software for vehicles
By Nick Carey (Reuters) -Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long before they are available via car industry rivals. "We're going to be able to be fast in bringing new capabilities, new features and new experiences to our customers," Alwin Bakkenes, Volvo's head of global software engineering, told Reuters. "This really gives us an edge in building fantastic customer experiences." The two companies have been working together for a decade, but the deeper partnership means Google engineers will drive Volvo cars with the latest software to "experience how their product behaves in a real context much earlier and much faster", Bakkenes said. He said on average the auto industry was about two Android releases behind mobile phones, which "means things you can do on your mobile phone, in many cases you cannot do in the car". Volvo vehicles currently operate using Android 13, but at Google's I/O annual developer conference underway in Mountain View, California, the two companies are demonstrating Volvo's flagship EX90 electric SUV running on Android 15 - the latest version of Google's mobile operating system - which will roll out in production models later this year. "Others might have to wait two years to get" that latest version of Android, Bakkenes said. At the I/O conference the two companies also demonstrated Google's Gemini artificial intelligence model running in the EX90, which Volvo is going to roll out to cars with Google built-in. Bakkenes said rather than drivers having to search through their phones for their destination, they can ask Gemini to search their emails or messages for it. Or drivers can, for instance, ask Gemini to find recipes and then put a shopping list on their phone to create "a human-centric experience", Bakkenes said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
21-05-2025
- Automotive
- Time of India
Google, Volvo Cars deepen partnership to develop Android software for vehicles
By Nick Carey Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long before they are available via car industry rivals. "We're going to be able to be fast in bringing new capabilities, new features and new experiences to our customers," Alwin Bakkenes, Volvo 's head of global software engineering, told Reuters. "This really gives us an edge in building fantastic customer experiences." The two companies have been working together for a decade, but the deeper partnership means Google engineers will drive Volvo cars with the latest software to "experience how their product behaves in a real context much earlier and much faster", Bakkenes said. He said on average the auto industry was about two Android releases behind mobile phones, which "means things you can do on your mobile phone, in many cases you cannot do in the car". Volvo vehicles currently operate using Android 13, but at Google's I/O annual developer conference underway in Mountain View, California, the two companies are demonstrating Volvo's flagship EX90 electric SUV running on Android 15 - the latest version of Google's mobile operating system - which will roll out in production models later this year. "Others might have to wait two years to get" that latest version of Android, Bakkenes said. At the I/O conference the two companies also demonstrated Google's Gemini artificial intelligence model running in the EX90, which Volvo is going to roll out to cars with Google built-in. Bakkenes said rather than drivers having to search through their phones for their destination, they can ask Gemini to search their emails or messages for it. Or drivers can, for instance, ask Gemini to find recipes and then put a shopping list on their phone to create "a human-centric experience", Bakkenes said.
Yahoo
21-05-2025
- Automotive
- Yahoo
Google, Volvo Cars deepen partnership to develop Android software for vehicles
By Nick Carey (Reuters) -Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long before they are available via car industry rivals. "We're going to be able to be fast in bringing new capabilities, new features and new experiences to our customers," Alwin Bakkenes, Volvo's head of global software engineering, told Reuters. "This really gives us an edge in building fantastic customer experiences." The two companies have been working together for a decade, but the deeper partnership means Google engineers will drive Volvo cars with the latest software to "experience how their product behaves in a real context much earlier and much faster", Bakkenes said. He said on average the auto industry was about two Android releases behind mobile phones, which "means things you can do on your mobile phone, in many cases you cannot do in the car". Volvo vehicles currently operate using Android 13, but at Google's I/O annual developer conference underway in Mountain View, California, the two companies are demonstrating Volvo's flagship EX90 electric SUV running on Android 15 - the latest version of Google's mobile operating system - which will roll out in production models later this year. "Others might have to wait two years to get" that latest version of Android, Bakkenes said. At the I/O conference the two companies also demonstrated Google's Gemini artificial intelligence model running in the EX90, which Volvo is going to roll out to cars with Google built-in. Bakkenes said rather than drivers having to search through their phones for their destination, they can ask Gemini to search their emails or messages for it. Or drivers can, for instance, ask Gemini to find recipes and then put a shopping list on their phone to create "a human-centric experience", Bakkenes said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
