Aston Martin said sales to dealers in 2021 surged 82 percent, even as the British automaker forecast lower-than-expected annual adjusted core earnings due to delays in shipments of its limited-edition 2.4 million-pound ($3.3 million) Valkyrie sports car. Aston Martin said 10 Valkyries were shipped in the fourth quarter, fewer than previously planned. The delays have
Month: January 2022
Hani Bin Sha’ari spent more than two decades rising through the ranks at STMicroelectronics NV’s facility in Malaysia. He prided himself on working hard to provide for his wife and four children. So when the chip plant remained open through a spike in COVID-19 infections last year, he kept doing his job. Then one morning
By Eric Ralph Posted on January 9, 2022 One week after SpaceX and the world’s first orbital launch of 2022, the company is a few days out from its second launch of the year – this time carrying dozens of small satellites for a variety of rideshare customers. Aside from potentially being the world’s second
The fifth-generation BMW 3-Series, codenamed E90, was a pretty solid competitor in the premium sedan segment. However, more than a decade and two generations later, it is a quite affordable car in the used car market leading to questionable modifications – like the custom poorly-installed aftermarket LEDs on the pictured example that was posted on
In this article VOW3-DE A Bentley PHEV Mulliner car is displayed during the 19th Shanghai International Automobile Industry Exhibition, also known as Auto Shanghai 2021, at National Exhibition and Convention Center (Shanghai) on April 23, 2021 in Shanghai, China. Zhe Ji | Getty Images Bentley Motors sold a record number of its luxury sedans and
Aston Martin is seeking a replacement for CEO Tobias Moers because of the automaker’s continuing financial woes, a report said. Moers, a former head of Mercedes-AMG performance division, has held the role for less than two years. A potential candidate for the CEO job has been approached, according to Autocar motoring magazine, which cited unnamed
The Suburban Collection, a group of 34 Michigan dealerships owned by Lithia Motors Inc., for the first time is using TV commercials to look for employees. The recruitment campaign, which began in October and features ads on broadcast and streaming TV and social media, is already helping Suburban’s hiring efforts in this tight labor market,
he move to electrification is affecting every facet of the auto industry, including the contract manufacturers that marry chassis produced by automakers with their own proprietary bodies. One of the largest upfitters is J.B. Poindexter & Co., a company headquartered in Houston whose roots trace back to the early 1980s. It posted revenue of $2
Five decades after its last lunar rover, and eight months after it announced its intentions to build a new one, GM has shown off what its new extraterrestrial vehicle will look like. In a post on Instagram, the team has shown its design concept. As with the original lunar rover, the new “Lunar Terrain Vehicle”
In this article AMZN RIVN R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Shares of Rivian were down another 10% to a new 52-week low on Thursday, a day
Chrysler used the 2022 Consumer Electronics Show on this week to debut the Airflow concept. The electric crossover previews the design and technology pegged for Chrysler’s future vehicles, which from 2028 will be exclusively electric. Cadillac Halo InnerSpace concept General Motors is almost at the stage where it’s self-driving technology will be able to handle
PARIS — Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in the context of a global microchip supply crunch, which gave a lift to its shares. Sales for the last three months of 2021 increased by 11 percent sequentially, coming in at $3.56 billion
It took unprecedented supply interruptions and a global pandemic to do it, but 2021 will go down in history as the U.S. auto industry’s Great Jostling. Things that seemed as if they would always stay true fell by the wayside. Former industry upstarts hit their strides and rocked the status quo. Unmet demand for new
CES, the annual technology showcase in Las Vegas, made a partial in-person return this year. Several companies switched to online reveals and briefings due to the rise of the omicron variant of the virus that causes COVID-19. Here’s a rundown of the automotive and mobility technology news from the show, both live and virtual: Cadillac’s
Daymak revealed the first “production-look” prototype of its 85 mph, light-electric three-wheeler, the Daymak Spiritus, back in October. At the time, it was thought to be a static display piece – but now? It’s a runner, and we’ve got video. The video was posted with the description “The Spiritus 3-Wheel All Electric Car first drive
The old Fiesta ST might have been lavished with critical acclaim on both sides of the Atlantic, but after a truly disappointing toe-in-the-water exercise that resulted in just 35,000 STs finding North American homes over seven years, Ford decided not to bring its replacement to the U.S. In the wake of the Fiesta ST’s mediocre
In a move that some are interpreting as another silent shrinking back from previous promises, Tesla has removed all information about when the Cybertruck will enter production. The company has yet to make any public statement about the change but here’s what we know, what we don’t, and something still hidden in the HTML on
When it comes to car shopping these days, sticker price may mean sticker shock. New and used car prices continue to spurt higher amid strong demand and tight inventory. While a manufacturing slowdown has improved slightly, there won’t be a return to normal anytime soon for car buyers. “The typical dealership experience that consumers are
PARIS — Stellantis and Renault Group will focus on launching compact and midsize vehicles in 2022, with key models that include the Renault Megane E-Tech Electric, the Alfa Romeo Tonale and the Dacia Jogger. Others include the Chinese-built Citroen C5X, the Maserati Grecale, the Renault Austral (replacing the slow-selling Kadjar) and a widely rumored coupe/crossover based
Audi Lakeland incorporated personalized videos into its sales and service strategy in May 2019, well before the coronavirus pandemic forced dealerships nationwide to take more of their customer interactions online. It was fortuitous timing. The videos have proved to be a vital tool, especially during the pandemic, because they jump-start the sales process and help
Automotive tech company Aptiv showcased at CES how it is positioned for the wider adoption of software-based vehicle technologies. Aptiv’s virtual and on-site presentation at the Las Vegas event included a demonstration of several use cases for the company’s software applications in vehicle architecture, such as using artificial intelligence and machine learning to enhance Aptiv’s
Tesla CEO Elon Musk announced a price increase for the FSD package in the United States to $12,000, up from $10,000 today. As per Musk’s tweet, the revised pricing will go into effect on January 17, 2022, and will continue to rise “as we get closer to FSD production code release.” The price bump should
Andrew Peters, an Uber passenger who got stuck in the snowstorm that shut down the I-95 near Richmond, Virginia, received a shocking bill from the ride-hailing service after his ordeal had ended. Peters landed at Dulles International Airport near Washington, DC, earlier this week on his way back from San Francisco. He hailed a ride
In this article TSLA A Tesla Model Y electric vehicle is dispalyed on a showroom floor at the Miami Design District on October 21, 2021 in Miami, Florida. Joe Raedle | Getty Images On Friday, Tesla CEO Elon Musk announced on Twitter that the company will raise the price of its premium driver assistance package,
General Motors unveiled the 2024 Chevrolet Silverado EV, we revealed the Motor Authority Best Car To Buy 2022, and Mercedes-Benz showed the EQXX EV concept. It’s the Week in Reverse, right here at Motor Authority. Chevrolet revealed the 2024 Silverado EV 2022 Consumer Electronics Show in Las Vegas and announced the electric truck’s initial rollout
Aston Martin Chairman Lawrence Stroll has approached Steven Armstrong, a senior Ford Motor executive, to gauge his interest in becoming CEO of the British automaker, according to people familiar with the matter Stroll reached out to Armstrong, a former chairman of Ford Europe, twice last month, according to one of the people, who asked not
Even as their pace of growth slowed in the final weeks of 2021, wholesale used-vehicle prices again increased in December, hitting new record highs, and analysts expect prices to rise more in the spring. Cox Automotive said Friday that its Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, rose 1.6
Join Automotive News at noon EST Friday, Jan.7, for a live chat about the most significant developments at CES 2022. Tune in to our LinkedIn and Facebook pages to be part of the discussion with Executive Editor Jamie Butters and Staff Reporters Pete Bigelow, Vince Bond Jr., John Irwin and Hannah Lutz. These reporters have
By Joey Klender Posted on January 7, 2022 Tesla will raise the price of the Full Self-Driving suite by $2,000, bringing the price to $12,000 effective on January 17. The price revision was announced by Tesla CEO Elon Musk, who shared details on the decision via Twitter. “Tesla FSD price rising to $12k on January
8:10 AM ET New year, new rules, new look. After one of the most exciting seasons in its history, Formula One is due to make one of the biggest regulatory shake ups for decades. Why change the regulations? The overhaul of Formula One’s technical regulations for 2022 is so extensive that it’s easier to list
- « Previous Page
- 1
- …
- 10
- 11
- 12
- 13
- 14
- …
- 16
- Next Page »