For luxury-brand dealerships already limited in volume, finding ways to fill emptied lots amid an ongoing chip shortage can require a bit of courage, curiosity and risk. At least that was the case for Alfa Romeo and Maserati of Ontario in California, which, like many U.S. dealerships, has been grappling with lower-than-normal levels of new-vehicle
Month: February 2022
Hoping to attract more drivers, Uber Technologies Inc. is testing a new earnings algorithm in 24 U.S. cities, allowing drivers to see pay and destinations before accepting a trip. The algorithm also raises the incentives for drivers to take short rides. The changes, now in pilot programs, mark the most wide-ranging updates to Uber’s driver
In this article @PA.1 A chip made by Taiwan Semiconductor Manufacturing Company TSMC Russia’s invasion of Ukraine could further strain the supplies of semiconductor chips that have already caused global production disruptions for tech companies and automakers for more than a year. Russia and Ukraine are critical suppliers of neon gas and palladium that are
A fatal Pennsylvania bus crash has brought renewed calls for salvaging a safety technology that once held the promise of saving thousands of lives on U.S. roads. On the night of Jan. 5, 2020, five people were killed when a speeding bus overturned on a wet highway near Mount Pleasant, Pa. Three trucks and a
BYD announced so far the largest order for all-electric trucks outside of Asia, placed in the US by a Swedish freight technology company Einride. In total, 200 Class 8 BYD 8TT battery-electric day cab trucks to be deployed over the course of the coming twelve months starting in February. All of the vehicles will be
With the Tonale, Alfa Romeo’s first new model since it launched the Stelvio midsize SUV in 2016, the Stellantis subsidiary is joining the compact SUV segment for the first time. In Europe alone, this segment accounts for 2.5 to 3 million sales a year, Alfa CEO Jean-Philippe Imparato said, which is why he believes a
The new Ford Ranger Raptor was revealed this week, and it’s even better than we had expected. The high-performance mid-size pickup truck is due on sale in the U.S. in 2023, packing a 10-speed automatic, full-time four-wheel-drive system, and 3.0-liter twin-turbocharged V-6 power. 2022 Morgan Super 3 Also revealed this week was a new three-wheeled
A new era of Formula One got underway this week at the Circuit de Catalunya with all ten teams taking to the track for the first test of the preseason. Although it’s too early to call a definitive order, it’s clear that some teams have made a stronger start than others and it was no
There is only one smart place to drag race and that is at a dedicated drag strip. Doing so in public areas is dumb and this video shows exactly why. This clip was recently shared to Reddit and shows a Chrysler 300C drag racing an older muscle car. However, rather than heating to a drag
DETROIT — The recent multibillion-dollar takeovers of Meritor Inc. and Tenneco Inc. came about at the same time for different reasons, but both are likely to have a big impact in metro Detroit where the automotive suppliers have a major presence and long history. Meritor’s pending sale to Cummins Inc. is a $3.7 billion bet
Cars sit at a standstill as people try to leave the city on February 24, 2022 in Kyiv, Ukraine. Chris Mcgrath | Getty Images New U.S. sanctions and Russia’s invasion of the Ukraine could have wide-ranging impacts on the already constrained automotive global supply chain, but only a few automakers have notable exposure in the
On this episode of Hot Rod Unlimited, Elana Scherr speaks with Bruce Meyers, the creator of the Meyers Manx dune buggy. Bruce visits the HOT ROD Studio with some restored and original Manx buggies for a photo shoot and explains the inspiration behind the development of the Manx in 1964 and its subsequent racing and cultural
Join Automotive News at noon EST Tuesday, March 1 for a live discussion on our LinkedIn and Facebook pages about industry innovation and how to apply for our annual PACE and PACEpilot Awards. For 28 years the Automotive News PACE program has honored superior innovation, technology and business performance among auto suppliers. Executive Editor Jamie
By Joey Klender Posted on February 25, 2022 Tesla’s (NASDAQ: TSLA) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. Daiwa analyst Jairam Nathan said Tesla is “best positioned” to
Volkswagen Group says the many of the 4,000 cars from its multiple brands aboard the Felicity Ace are a total loss because of a fire on board that forced the crew to abandon the container ship in the Atlantic Ocean last week. “We fear that the fire on the ship has damaged a large number
Two groups expanded with fourth-quarter and first-quarter dealership acquisitions, while a father-and-son duo bought a single store in the fourth quarter. Here’s a look at the deals involving domestic and import brands and dealerships in Florida, Texas and Massachusetts. Butler Automotive Group of Macon, Ga., bought a Toyota dealership in Jacksonville, Fla., in late 2021,
2:52 PM ET Associated Press ST. PETERSBURG, Fla. — Michael Andretti said Friday that his father revealed his Formula One aspirations last week to show the FIA there is strong public support for an expansion team, adding that he would need a decision from motorsports’ governing body in the next month to be properly prepared
*WARNING: Some readers may find the following videos disturbing As reports of the Russian invasion in Ukraine continue to emerge, the toll the military occupation is taking on civilians is becoming clearer. New footage released on Friday shows an armored vehicle, which multiple sources claim is Russian, driving down a highway, swerving out of its
Elon Musk’s brother Kimbal Musk applauds to him at a briefing after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA’s SpaceX Demo-2 mission to the International Space Station from NASA’s Kennedy Space Center in Cape Canaveral, Florida, U.S. May 30, 2020. Jonathan Ernst | Reuters Coincidence or stock tip?
Virgin Hyperloop’s yearslong goal of transporting people via vacuum-sealed tubes at speeds of up to 670 mph is on hold. The California company, founded in 2014 and backed by billionaire Richard Branson, will shift its focus to transporting cargo instead, according to multiple media reports. Virgin Hyperloop laid off 111 employees, or about half of
Russia’s invasion of Ukraine presents a “substantial risk” to the recovery of global light-vehicle sales this year, auto industry consultants J.D. Power and LMC Automotive said in a joint forecast on Friday. The consultants cut their sale forecast by 400,000 to 85.8 million units, also due to rising oil and aluminum prices that could discourage
More than a week after a ship packed with luxury cars caught fire in the middle of the Atlantic Ocean, a salvage team managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago. In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said
Whether you know Revel from its bright blue electric scooters or from its somehow brighter blue Model Y taxis, you could soon be seeing much more of the company. That’s thanks to a massive new $126 million funding round just announced by Revel. The new Series B funding round was reportedly led by BlackRock Renewable
Tesla has had a vehicle plant up and running in China since 2019, and now the automaker could be close to starting construction of a second Chinese plant to keep up with strong demand both locally and abroad. Citing two sources familiar with the matter, Reuters reported on Thursday that Tesla could start construction on
12:43 PM ET BARCELONA, Spain — Ferrari’s Charles Leclerc set the pace in the second day of preseason testing at the Circuit de Catalunya as hype continued to build around the performance of the Italian team. A clear favourite has yet to emerge from the first F1 test of 2022, with teams focusing on gaining
Richmond police say they were able to stop a planned “takeover” of the city as it was happening. The events started at 9 PM on February 19 at various locations around the city. The event, which according to Instagram posts was hosted by @project.RVA.takeover, was attended by approximately 300 drivers intending to engage in illegal
In this article NKLA San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. Brittany Murray | MediaNews Group | Getty Images Shares of
Not long after the police department in the town of Nitro, W.Va., added a Tesla Model 3 to its fleet of 22 patrol cars last summer, the cruiser was involved in a 20-minute pursuit that reached speeds over 100 mph. The incident gave the city’s police officials a real-world look at how the department’s first
FRANKFURT/BERLIN — Volkswagen Group and its top shareholder Porsche Automobil Holding SE have entered a framework agreement for a possible stock market listing of iconic sports car brand Porsche, edging closer to what could become one of the world’s largest stock market debuts. “The automotive industry is changing fundamentally. Volkswagen is determined to play a
Online used-vehicle retailer Carvana, pressed in recent months to expand its vehicle reconditioning capacity, said Thursday it plans to buy the ADESA U.S. physical wholesale auction business from KAR Global Inc. for $2.2 billion in cash. The transaction would “include all auction sales, operations and staff” at ADESA’s 56 vehicle logistics centers in the U.S.
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