TURIN — Stellantis will sell its 20,000-square-meter office space in the historical Lingotto complex in Turin to a software company to further reduce the automaker’s real estate costs. The building, which has a test track on its roof, was designed by renown French-born Italian architect Giacomo Mattè-Trucco. It served as a factory and headquarters to
Month: February 2022
Startup Electric Last Mile Solutions Inc.’s troubles are continuing after its independent registered public accounting firm resigned amid a controversy that sent the company’s stock value plummeting this month. Chicago-based BDO LLP resigned from the audit of the Troy-based electric vehicle maker’s finances, which drew public scrutiny this month when a probe found senior executives
By Joey Klender Posted on February 18, 2022 Tesla announced today on Twitter that it had successfully manufactured the one-millionth 4680 battery cell at the Kato Road pilot facility in January. Tesla’s 4680 battery cell is one of the company’s most significant developments in its history. The cell was the primary focus of Tesla’s Battery
8:28 AM ET Lewis Hamilton said he “lost a little bit of faith” in the fair policing of Formula One after missing out on last year’s title in controversial circumstances at the Abu Dhabi Grand Prix. Hamilton was beaten to the 2021 title by Max Verstappen in Abu Dhabi after race director Michael Masi bent
What kind of car is the 2022 Audi A8? What does it compare to? The A8 is a full-size sedan that takes on some of the best, most opulent cars on the planet, such as the BMW 7-Series, Mercedes-Benz S-Class, and Porsche Panamera. Is the 2022 Audi A8 a good car? Review continues below The
GM is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or coffee through their vehicle. GM DETROIT – General Motors is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or Starbucks coffee through
Tesla’s Elon Musk disappointed fans and investors last month when the brash CEO ruled out a 2022 launch for the eagerly awaited Cybertruck, the wildly styled pickup that could open up a lucrative new vehicle segment for the electric automaker. Instead, Musk promised something wilder still: vastly improved “Full Self-Driving” software by year end that
With its connectivity, advanced driver safety systems and consumer-centric ethos, the software-defined car is poised to bring about dramatic change within the automotive industry. Automakers, traditionally at the core of automotive technology, must now be prepared to integrate into a bigger ecosystem, with technology giants synonymous with computer manufacturing, internet search engines, and mobility as
Tesla Inc.’s ability to quickly issue safety patches via remote software updates is an approach other automakers eye enviously, but that also carries risk as cars become more like rolling computers. Investors have awarded Tesla’s leadership on in-car software with a $905 billion market value, dwarfing other automakers, many of which are now scrambling to
Nissan and Infiniti on Thursday teased new EVs to be built at Nissan’s Canton, Mississippi, factory beginning in 2025. It’s possible the duo will include a Nissan EV and a luxury Infiniti sibling model. Infiniti has teased the possibility of an electric model as far back as 2012, but hasn’t launched one yet. The teaser
10:33 AM ET DAYTONA BEACH, Fla. — As Daytona Speedweeks (OK, it’s actually Speedweek now) have reached full speed leading into Thursday night’s dual 150-mile qualifying races, everyone in the Cup Series garage seems to agree that NASCAR’s newly christened rides, the so-called Next Gen machines, were needed. OK, they agree for the most part.
The 2022 Chevrolet Trax is a budget-friendly crossover SUV that feels as cheap as its price tag suggests. What kind of vehicle is the 2022 Chevrolet Trax? What does it compare to? The Trax is a small SUV with hatchback-like proportions and available all-wheel drive. Its competitive set includes the Buick Encore, Nissan Kicks, and
The Felicity Ace, a cargo ship carrying nearly 4,000 Volkswagen Group vehicles, as the company confirmed, caught fire off the coast of Portugal this week. All 22 crew were rescued by the Portuguese navy and are now safe, but the fate of the vehicles aboard the ship, reportedly headed for the U.S., is unknown. The
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images Ford’s Mustang Mach-E, the automaker’s bold bet to lead its transformation into selling more electric vehicles, replaced the Tesla Model 3 as Consumer Reports’ “Top Pick” for an
Jaguar Land Rover and Nvidia will collaborate to develop software-based technology for Jaguars and Land Rovers launching in 2025 and beyond. The companies did not disclose the financial terms of their multiyear agreement. The partnership is a high-profile win for Nvidia’s effort to expand its reach in the auto industry, building on its base in
TOKYO — When New York investment firm KKR & Co. waded into the auto sector and engineered the creation of megasupplier Marelli Corp., it seemed to lift a burden off two troubled automakers. First, KKR bought Japan’s Calsonic Kansei from Nissan Motor Corp., injecting Nissan with cash and completing Nissan’s divestiture of its tangled keiretsu
Subaru climbed two spots to first place in Consumer Reports‘ annual ranking of the most well-performing, safe and reliable automotive brands. Mazda, which was No. 1 in 2021, finished second this year. Six of the top 10 brands this year were Japanese; the highest-ranking U.S. brand was Buick, which was 11th.Jeep dropped three spots to
A huge auto transport ship that regularly delivers Porsches, Audis, Bentleys, Volkswagens from Europe to the U.S. is on fire and adrift in the Atlantic. According to an internal Volkswagen Group email obtained by Bloomberg, 3,965 U.S.-bound vehicles are aboard. About 1,100 Porches and 189 new Bentleys, several U.S.-based spokespeople for group brands confirmed to
Alex Spiro, Elon Musk’s lawyer, sent a letter to the SEC on behalf of Musk and Tesla arguing that the agency is “harassing” them and failed to transfer money to Tesla shareholders. Tesla, Elon Musk, and the SEC Musk and the SEC have had a few run-ins with each other, rarely with a good outcome.
11:34 AM ET Former Aston Martin team principal Otmar Szafnauer has joined rivals Alpine as their new team boss as part of a wider restructuring of the French Formula One outfit’s management, the Renault-owned manufacturer said on Thursday. The Romanian-American, who left Aston Martin last month, will assume the role of team principal, which was
What kind of vehicle is the 2022 Volkswagen ID.4? What does it compare to? The 2022 VW ID.4 is a fully electric crossover with space for up to five and a range of up to 260 miles. It’s positioned against mainstream compact crossovers like the Toyota RAV4, Subaru Forester, and Honda CR-V, as well as
Drive a really fast car, and sooner or later you’re going to get hassled by someone in a much slower one looking for a race. And one Ferrari 812 driver in Israel learned the hard way that it’s a dumb idea to rise to the bait. Dashcam footage taken on Israel’s Route 6 highway shows
In this article TSLA Visitors look at a Tesla Model 3 during a press preview of the Seoul Motor Show in Goyang, northwest of Seoul, on March 28, 2019. Jung Yeon-Je | AFP | Getty Images The National Highway Traffic Safety Administration has initiated a new Tesla safety probe after receiving 354 drivers’ complaints about
MILAN — Maserati will add a full-electric version of the coming Grecale midsize SUV built on a revised version of the Giorgio platform developed by Fiat Chrysler Automobiles, rather than a new Stellantis dedicated EV platform. The Grecale is due to be launched this summer with internal-combustion versions on the Giorgio platform, which was first
The number of U.S. franchise dealerships ticked back up to 18,230 rooftops in 2021 after two years of declines, according to Urban Science’s annual Franchise Activity Report. The national dealership count fell in 2019 to 18,195, the first reduction since 2013, and dropped again slightly in 2020 to 18,157, according to Urban Science. But the
Prototypes for a redesigned Ford Mustang started surfacing recently and our latest spy shots show a likely tester for the seventh-generation ‘Stang’s convertible body style. Compared to previous prototypes, the new tester is much more heavily camouflaged, especially around its roof section. The profile of the roof is also different, being much closer to that
Volkswagen Group CEO Herbert Diess hosted an AMA (Ask Me Anything) session on Reddit yesterday and it proved to be quite popular, racking up more than 1,000 questions. The executive only replied to a limited number of questions, many of which were about electric vehicles. With the US market being key to Volkswagen, one redditor
10:13 PM ET Associated Press DAYTONA BEACH, Fla. — Jacques Villeneuve qualified for his first Daytona 500 then jogged down pit road anxiously searching for his team and a celebration. The 50-year-old former Formula One champion and Indianapolis 500 winner found his partner and lifted her in the air, then he hugged his crew members.
What kind of car is the 2022 Subaru Ascent? What does it compare to? The 2022 Ascent is Subaru’s largest crossover SUV, with seating for up to eight people and standard all-wheel drive. Rivals include the Kia Telluride, Ford Explorer, and Honda Pilot. Is the 2022 Subaru Ascent a good car? Review continues below Sold
Elon Musk has labeled the NHTSA the Fun Police, as the agency cracks down on Tesla’s Boombox functionality. Musk’s statement on Twitter was a reply to a follower inquiring why the feature had been recalled. The latest recall makes it the 11th in just over three months. The Boombox feature allowed Tesla users to broadcast
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