Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from
Month: March 2022
By Maria Merano Posted on March 29, 2022 The Mayor of London’s Energy Efficiency Fund (MEEF) is providing funds to service provider Breathe for 100 new Tesla Model 3 vehicles. “At Breathe our mission is to provide large scale Electric-Vehicles-as-a-Service offerings and we are excited to be starting with sustainable, flexible and affordable vehicle subscription
PARIS — Vincent Piquet has been promoted to CFO of the Renault brand from CFO global sales and marketing, Renault Group said. Piquet, 47, will become a member of Renault’s management board and report to CEO Luca de Meo as well as group CFO Thierry Pieton. He starts in his new position on April 1.
Even though Mercedes-Benz AMG replaced its GT Roadster last year with a redesigned 2022 SL, the coupe version of the GT sports car has stuck around and will soon be redesigned itself. The latest spy shots and video show a prototype for the redesigned GT, which we currently expect to be revealed late this year
4:46 PM ET JEDDAH, Saudi Arabia — For two consecutive days Formula One cars lapped Jeddah’s Corniche Circuit against the backdrop of a cloud of black smoke on the city’s skyline. The smoke was a result of a missile attack on an oil depot six miles to the east of the track that occurred 20
Car theft is an all too common crime as the FBI estimates that 721,885 motor vehicles were stolen in the United States in 2019. However, a case in California is raising eyebrows as authorities recovered approximately 35 luxury vehicles that had been “fraudulently purchased from unsuspecting local dealerships.” According to the California Highway Patrol, the
A former General Motors manager was indicted with conspiracy to commit bribery after allegedly accepting $3.4 million from an international parts supplier. Hyoung Nam So, 46, who goes by Brian So, was a global purchasing and supply chain manager at GM who oversaw parts used to build interiors of North American vehicles. In October 2015,
In this article TSLA Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters SpaceX and Tesla CEO Elon Musk announced on Twitter on Monday that he has Covid. The announcement comes after Tesla’s factory in Shanghai faced regional Covid restrictions that reportedly require
Buick appears to be rearranging its shields. The General Motors brand recently filed a trademark application that shows the three shields in its logo aligned horizontally instead of diagonally, and no longer overlapping. The shields also lose their diagonal stripe in favor of a curved line, and there’s no ring around the trio. (Jalopnik thinks
If the market has taught us anything these past couple of decades or so, it’s that there can never be enough SUV and crossovers. Despite already having a few models in its range including the compact-sized CX-30, the electric MX-30 and of course, the CX-5 (not to mention the mid-size CX-9), Mazda churned out yet
SHANGHAI — Volkswagen Group said its Shanghai operations were not currently affected by the city’s lockdown and that production was still ongoing, after authorities imposed drastic curbs to try and stem the spread of COVID-19. “Our Anting operations are currently not affected by the Shanghai city lockdown. In the current situation we still need to
7:00 AM ET AlphaTauri driver Pierre Gasly scored his first points of the Formula One season through gritted teeth at Sunday’s Saudi Arabian Grand Prix. The Frenchman, who finished eighth for the Red Bull-owned team after retiring his car in Bahrain the previous weekend, said the closing laps in Jeddah had been an agonising experience.
The sight of an ICE vehicle parked in a spot designated for EVs is a familiar one, and usually the result of a dislike for the electric powertrain itself, or of the rules and laws that are being implemented to support them. To the uninformed, a Jeep parked in a space reserved for an electric
Tesla Inc. said Monday it would ask shareholders to vote at its annual meeting to increase the number of additional shares in order to enable a stock split. The Austin, Texas-based company’s shares rose 6 percent to $1,072.08 in trading before the bell. The stock split, if approved, would be the company’s latest after a
The new world of immersive in-vehicle entertainment has emerged as a space for business opportunities by many in the automotive industry. It has also sparked concerns regarding the safety of all this new technology. With those worries in mind, perhaps highlighted by Tesla’s scrap with federal regulators over gaming, contributor Marcus Amick spoke with Highway
Xiaomi rocketed the NAVEE N65 electric scooter to a successful launch late last year on its Xiaomi Youpin crowdfunding platform. Now the scooter is making its way westward toward European and North American customers. Xiaomi has made a habit of launching many new electric rideables to stardom on its Youpin platform, a domestic Chinese crowdfunding
In this article 9868-HK XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. Xpeng said that it lost $202 million in the quarter,
Italian car designer Pininfarina is looking at acquisitions after returning to profit for the first time in three years, CEO Silvio Angori said. “We can move on after the restructuring and look actively to opportunities in the market for inorganic growth, in addition to our organic growth plans,” Angori said in a phone interview. The
Jay Leno is making a point of highlighting young car enthusiasts. His guest on a recent episode of “Jay Leno’s Garage” was 24-year-old Daniel Harrison, owner of a 1958 MG A he started restoring when he was 15. When he sees a cool car, Leno has made a habit of flagging down the owner and
5:44 PM ET Max Verstappen and Charles Leclerc provided a great on-track spectacle at Sunday’s Saudi Arabian Grand Prix, but the headlines generated off track this week will rightly continue to hang over this event for a long while to come. It was a strange F1 race weekend, with the 48 hours before the race
Recently an accident took place involving an RV driven by a YouTuber and a Shelby Mustang GT500. The large recreational vehicle slammed into the side of the pony car as it tried to merge into the former vehicle’s lane. What we’re here to find out is who you blame and why. At the helm of
Shanghai will lock down the city in two phases to conduct a mass testing blitz for COVID-19, as authorities scramble to staunch a spiraling outbreak in the Chinese financial hub and beyond. At 5 am on Monday, the city of 25 million people locked down areas east of the Huangpu River, which includes the financial
Polestar announced that the new entry-level version of the Polestar 2 model, powered by a single (front) motor, is now available for a test drive and ordering in the U.S. It was originally anticipated to enter the market in late 2021, according to the announcement of the 2022 model year in August 2021. The price
In this article TSLA The year was 2006, the concept of electric vehicles expensive and impractical. But a small engineering team had an unorthodox vision for a car that could truly showcase the potential of electrification. That summer, then-fledgling start-up Tesla Motors unveiled its tour de force to the world — the Roadster. Right out
By Joey Klender Posted on March 26, 2022 Tesla has officially started inviting the 15,000 guests to its “Cyber Rodeo” event at Gigafactory Texas on April 7, as CEO Elon Musk published a photo of a virtual invitation to the event last night. Tesla announced it would hold an event to commemorate the opening of
During inaugural ceremonies at Tesla’s new Berlin factory earlier this week, CEO Elon Musk delivered the first German-made Model Y crossovers to eager customers, did a little dance near the assembly line for cheering fans and casually predicted that Tesla will reach annual production of up to 20 million vehicles by the early 2030s. “I
4:46 AM ET JEDDAH, Saudi Arabia — Saudi Arabia’s minister of sport, Prince Abdulaziz Bin Turki Al-Faisal, said his country would not have hesitated in cancelling this weekend’s Saudi Arabian Grand Prix if it felt there was a genuine security threat to the event. Formula One’s 20 drivers came close to boycotting the race in
As gas prices continue to rise, more drivers are looking towards EVs as a way to soothe the pain at the pumps. However, buying an electric vehicle isn’t the cure-all for our current woes, and unless infrastructure keeps up, it could be just as dreadful. According to AAA Gas Prices, the average price for a
BMW is re-imagining the brick-and-mortar showroom experience for the digital age. The brand’s global Retail Next design concept, which debuts in the U.S. in July, attempts to make the dealership visit feel more experiential and less transactional, BMW of North America sales boss Shaun Bugbee told Automotive News last week. “It’s about recognizing that the
In this article STLA-IT Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images DETROIT – Automaker Stellantis and LG Energy Solution will
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