Month: February 2022

America may be poised for a rail renaissance, one that could someday fulfill dreams of a high-speed network connecting major U.S. cities. In November, President Joe Biden signed a once-in-a-generation infrastructure upgrade that, among other things, provides $66 billion for rail projects that will modernize existing rail lines, fix notorious trouble spots on the Northeast
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Canadian supplier Magna International said Friday that fourth-quarter net income and revenue fell as lower vehicle production caused by the microchip shortage hampered results. Still, the company raised its quarterly cash dividend by 5 percent to 45 cents a share as it generated solid free cash flow for 2021. North America’s largest auto supplier also
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Chrysler parent company Stellantis is recalling almost 20,000 plug-in hybrid Pacific minivans because of fire risk, the latest incident highlighting the potential hazards involved with the industry’s move toward EVs. An internal investigation found 12 incidents of fires in vehicles from the 2017 and 2018 model years, the automaker said Friday in a statement. All
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3:42 PM ET WOKING, England — McLaren’s Daniel Ricciardo said F1 race director Michael Masi needs support in his role to avoid a repeat of the farcical finish to the Abu Dhabi Grand Prix. Masi’s future in the job is currently in question after he botched the finish of the title decider between Max Verstappen
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In this article TSLA A worker wearing a face covering exits a Tesla Inc. vehicle at the company’s assembly plant in Fremont, California, U.S., on Thursday, Aug. 13, 2020. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris | Bloomberg | Getty Images A California civil rights agency sued Tesla this week, alleging racist harassment
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Ferrari, one of the few automakers to avoid global supply chain disruptions, is coming off a record sales year and has confirmed plans to build the Purosangue, its first utility vehicle, this year. Deliveries will begin in 2023. The plug-in hybrid is expected to feature a front midengine architecture. Images of the Purosangue — Italian
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Dr. Evil takes over GM Dr. Evil has met his ultimate enemy: climate change. That’s the message in General Motors‘ Super Bowl commercial this year. When the antagonist of the Austin Powers movies learns that climate change has displaced him as the biggest threat to the world, he’s determined to reclaim top villain status by
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For automakers, this year’s Super Bowl might as well be called the Electric Bowl.  Volvo’s EV brand Polestar on Thursday confirmed it will run an ad in the game that is already filled with spots from Kia, BMW, General Motors and Nissan—which are all pitching EVs with expensive celebrity-filled ads. There is even an electric
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2:33 PM ET WOKING, United Kingdom — McLaren has launched its new car for the upcoming Formula One season. The team’s drivers, Daniel Ricciardo and Lando Norris, took the covers off the McLaren MCL36 at a launch event at the team’s factory on Friday evening. The new McLaren, which has been built to F1’s overhauled
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In this article F Vehicles clog downtown streets as truckers and supporters continue to protest coronavirus disease (COVID-19) vaccine mandates, in Ottawa, Ontario, Canada, February 10, 2022. Blair Gable | Reuters DETROIT – Canadian officials are preparing to move against a group of truck drivers who have blocked the nation’s busiest border bridge between the
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