DETROIT — As the auto industry continues to grapple with supply chain disruptions and the resulting shortage of new vehicles, National Automobile Dealers Association Chairman Paul Walser foresees a silver lining for dealerships: the end of the much-hated stair-step incentive. Stair-step programs, which promise cash bonuses to incentivize dealerships to hit aggressive monthly, quarterly or
Month: December 2021
HAMBURG — A decision on the future of Volkswagen Group CEO Herbert Diess, previously expected by the end of the week, could be delayed further, three sources close to negotiations told Reuters on Friday, and discussions may drag into next week. Whether a decision would be made ahead of an annual supervisory board meeting on
By Joey Klender Posted on December 3, 2021 Tesla CEO Elon Musk confirmed that the all-electric Cybertruck will have a Quad-motor variant, which will take production priority at Gigafactory Texas when manufacturing begins. Musk also stated that, thanks to the Cybertruck’s front and rear-wheel drive modes, the pickup will be able to move diagonally “like
8:58 AM ET SAM SCHMIDT had to wait seventeen years to drive his wife to a date. He wasn’t even meant to be alive at that point, not after what happened to him back in January 2000. Back then, Schmidt was a racing driver, doing what he loved the most, preparing for a new Indy
What kind of vehicle is the 2022 GMC Yukon? What does it compare to? With the Yukon, GMC has a full-size SUV in two different lengths: long and longer. With seating for up to nine people and a luxe Denali edition, the Yukon rivals SUVs like the Lincoln Navigator, Ford Expedition, and the related Chevy
Here’s a new thing I learned today: vineyards are often too narrow for traditional tractors. Here’s another thing: New Holland and Pininfarina are working together on a tractor to solve that. Designed specifically for wine-growing regions where high-quality grapes are grown, such as Champagne, Medoc, and Burgundy, the Straddle Tractor Concept will work in areas
In this article F Ford’s fate looks rosy to Inside Edge Capital Management founder Todd Gordon. With shares of the automaker meeting resistance in the $20 range, “I see no reason” why they can’t break decisively above that long-standing ceiling, Gordon told CNBC’s “Trading Nation” on Thursday. Ford’s stock was just above $20 a share
Dealer Jeff Lash, who was indicted earlier this year on federal fraud charges, sold a New York Subaru dealership in August to West Herr Automotive Group. The acquisition of Spurr Subaru in Brockport, N.Y., from Jeff Lash and Danielle Lash gave West Herr its second Subaru dealership. Jeff Lash is the same Lash who is
SAIC Motor Corp. is planning a fresh round of fundraising for its mobility service platform Xiangdao Chuxing, according to people familiar with the matter, as it seeks to stay competitive amid shifts in the automotive industry. China’s largest carmaker, which counts Volkswagen AG and General Motors as partners, aims to raise as much as $157
Polestar plans to develop its own architecture for upcoming vehicles. The Volvo-affiliated automaker on Thursday also released a revealing teaser image of its much-anticipated Polestar 3 crossover, set to debut in 2022. The company said the Polestar 3 will include lidar, electronics and software that would enable “autonomous highway piloting” to customers “around mid-decade.” “From
Just a month after the 2022 Honda Civic Si was unveiled, a number of journalists in the U.S. have had the opportunity to put it through its paces. Based around the 11th-generation Civic, the new Si has been marketed by the automaker as the most fun-to-drive Si there’s ever been. That’s a bold statement considering
1:54 PM ET The survivors’ group of the Grenfell Tower fire has written to Mercedes boss Toto Wolff to ask the reigning Formula One champions to end their sponsorship deal with building materials company Kingspan. Kingspan made some of the insulation cladding used on the refurbishment of Grenfell Tower, which caught fire on June 14,
What kind of vehicle is the 2022 Kia Stinger? What does it compare to? The 2022 Kia Stinger is a five-door hatchback refreshed for 2022 to seat five in more comfort and with the latest tech. Is the 2022 Kia Stinger a good car? Review continues below The Stinger is part of a rare and
In this article TSLA Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters Tesla is among the hundreds of auto industry players asking the U.S. Trade Representative for extended tariff waivers on parts and materials imported from China used to make or repair
Nissan this week unveiled a lunar rover prototype in partnership with the Japan Aerospace Exploration Agency (JAXA). The automaker and JAXA have been working together on this project since January 2020, Nissan said in a press release. Nissan said it’s applying motor-control knowhow from the Leaf and the e-4orce (pronounced e-Force) electric all-wheel drive system
Watch the full episode on MotorTrend: https://bit.ly/2N6c3Mq Budget mufflers. What do you get for $40? How do they sound and how much power do they kill? On this episode of Engine Masters presented by AMSOIL, we run our 408 Cleveland with 12 different muffler options, including no muffler, straight through, chambered, and turbo style. Which
DETROIT — Ford Motor Co. said it was the top-selling automaker in the U.S. for a third consecutive month, posting a 5.8 percent increase in November light-vehicle sales that contrasted with declines for nearly all other companies that reported monthly results. Ford’s utility vehicle sales jumped 21 percent from a year ago, and F-Series pickup
Uber Technologies Inc. on Thursday said it will launch an optional audio recording pilot program in three U.S. cities to enhance safety, allowing drivers and riders to send trip recordings to Uber in case of a safety incident. Uber at the end of 2019 disclosed it had received 6,000 reports of sexual assault and 107
BERLIN — Daimler’s supervisory board signed off an investment plan worth over 60 billion euros ($67.88 billion) for the Mercedes-Benz passenger car and vans businesses between 2022 and 2026. The company aims to be at the forefront of electric vehicle production and software, Daimler said in a statement on Thursday. Existing plans announced in October
When BMW first debuted its futuristic concept electric scooter last year, it looked like a lofty design experiment without much chance for a real future. But perhaps more shocking than the design was the fact that BMW actually followed through with it, putting the BMW CE 04 electric scooter into production. Now the high-speed maxiscooter
The Ford Maverick may be a small truck but this review confirms that it is surprisingly rugged and more capable than one may expect. Eager to see what the new Maverick is made of, The Fast Lane Truck got the keys to a hybrid variant and headed out onto a trail keen to load it
5:04 AM ET Williams Formula One principal and chief executive Jost Capito has tested positive for COVID-19 and will not be in Saudi Arabia for the penultimate race of the season, the team said on Thursday. 1 Related The race in Jeddah is the first since the death of team founder Frank Williams at the
What kind of car is the 2022 Subaru WRX? What does it compare to? The redesigned 2022 Subaru WRX is a performance four-door sedan inspired by rally cars. A turbo-4 provides the power and standard all-wheel drive ensures it goes to the pavement efficiently. The WRX competes against cars like the Hyundai Veloster N and
While the Cybertruck’s launch has been pushed back until sometime next year, those hankering after a mishmash of sharp angles had the opportunity to avail themselves of a much smaller — and cheaper — substitute. Elon Musk invited his 65 million followers on Twitter to “Blow the whistle on Tesla!” with a new $50 “cyberwhistle”
In this article GM 2022 GMC Sierra 1500 Denali Ultimate GM General Motors is slightly raising its 2021 earnings guidance on strong pricing and resilient consumer demand, despite ongoing impacts from a global shortage of semiconductor chips that has depleted vehicle inventories and shuttered plants. The Detroit automaker’s new adjusted earnings guidance for this year
A federal jury in November convicted two Oklahoma dealership owners and their comptroller of using fraud to fool finance companies into issuing auto loans to consumers who might have been denied otherwise. Bobby Mayes, Charles Gooch and Courtney Wells, all of Norman, Okla., were found guilty Nov. 19 of charges including conspiracy to commit wire
FLINS, France – Renault is replacing auto production at this once-bustling factory outside Paris with a range of recycling and reconditioning activities that could generate an extra 1 billion euros ($1.13 billion) a year by 2030. “These activities will generate 200 million (euros) in turnover from 2025,” Renault Group CEO Luca De Meo told reporters
The Tesla Model S Plaid, in the opening segment of the Wham Baam Teslacam video, was just one month old when it was crashed in Washington Township, New Jersey. As we can see in the Teslacam video, an oncoming car crossed the double yellow lines and drove into the Tesla driven with Autopilot engaged. Fortunately, the
It’s not very often that a brand new Range Rover comes along, but last month, its fifth generation was unveiled. Journalists have yet to have the chance to test it out on the street but Doug DeMuro did recently have the opportunity to check out a pre-production model, although he wasn’t allowed to drive it.
6:41 AM ET There is a slim chance that Max Verstappen can clinch his first world championship crown at the Saudi Arabia Grand Prix. Verstappen leads Mercedes driver and seven-time world champion Lewis Hamilton by eight points ahead of the penultimate race. It’s a small margin, but mathematically a champion could be crowned on Sunday