Prius sales target lowered: Toyota fears that sales of its 4th-gen Prius hybrid could drop due to low petrol prices. Toyota is now targeting average global annual sales of 300,000-350,000, the lower end of the 300,000-400,000 annual sales target for the previous model. Moreover, the AWD variant may not be offered in the U.S. for now, as demand for all-wheel drive cars there actually is decreasing.
reuters.com, autoblog.com, autonews.com (AWD)
BAIC starts new e-car project: The Chinese manufacturer and Californian company Atieva plan to develop a range of electric cars to be offered for sale globally. BAIC is helping the start-up financially, as well as with expertise through its new electric vehicle technical centre in the Silicon Valley. The first “breakthrough electric car” is said to be unveiled at the 2016 Beijing motor show.
Faraday Future takes Las Vegas: The Californian start-up will open its EV factory in North Las Vegas, Nevada to kick off production by 2017. Meanwhile, Chinese billionaire Jia Yueting confirmed that he is backing the company financially.
jalopnik.com, reviewjournal.com, forbes.com
Jaguar to take part in Formula E? According to Sky News, Jaguar Land Rover will announce plans to launch a team in the Formula E electric car-racing series at a press conference next Tuesday. The event is expected to include a commitment to launch an all-electric (street) car, but without setting a formal timetable. An electric Jaguar, built by Magna Steyr in Austria, has long been making headlines.
Tesla opens shop in Mexico: The store in Mexico City is the first in the Central American region. Ricardo Blanco, previously brand and communications manager in South America for Google, has been hired to further develop the Mexican market.
Chevy Malibu Hybrid priced: The 2016 Chevrolet Malibu hybrid will be available from 28,645 dollars in the U.S., including a 875 dollar destination charge and will go on sale in spring. Its drivetrain unit is based on the powertrain from the second-gen Chevrolet Volt, allowing for as much as 48 mpg.
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