PARIS — Opel/Vauxhall CEO Uwe Hochgeschurtz will add responsibility for bringing Stellantis’ hydrogen fuel cell vehicles to market, starting with Europe, the automotive group said. Stellantis has also named Jean-Michel Billig, a former executive at Renault, aerospace and defense companies, as chief technology officer for hydrogen fuel cell development. Hochgeschurtz was named CEO of Stellantis’
Month: April 2022
8:05 AM ET Ferrari’s Formula One championship leader Charles Leclerc said he was fully focused on his Italian team’s Imola homecoming this weekend despite being robbed of a watch potentially worth millions. The 24-year-old Monegasque, winner of two of the first three races, had his exclusive Richard Mille timepiece stolen off his wrist in the
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A growing dealership group purchased two stores in the fourth quarter, while a new operator acquired his first dealership and another bought her second, both in single-store transactions in the first quarter. Here’s a look at the deals involving domestic and import brand dealerships in Tennessee, Ohio and Missouri. One of the transactions involved a
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive.
The Bryan Herta Autosport team quickly adapts to quarantine by helping the community, while new drivers Gabby Chavez and Ryan Norman, find creative ways to train with Drone and Sim Racing. #HyundaiRacing #Motorsports #Hyundai
A 2020 Ford GT Mk II is headed to Mecum’s Indianapolis auction, scheduled for May 13-21. The Mk II is a track-only version of the modern Ford GT supercar. It wasn’t built for racing, however, as it doesn’t conform to the rules of any race series. Production is limited to 45 cars priced at $1.2
As in previous quarterly financial reports, Tesla has shared a graphic that illustrates its market share in three main automotive markets to highlight progress. The results are truly impressive, as according to the industry data, the company is consistently increasing its market share, despite the volatile global situation in terms of supply chains. In Q1
BERLIN — Continental cut its annual earnings forecast and warned of “lasting consequences” for production and supply chains if the war in Ukraine does not ease, with rising energy and raw material costs weighing on margins. The supplier nearly doubled its expected procurement and logistics costs in its tire and ContiTech divisions and cautioned tthat
5:22 PM ET Associated Press INDIANAPOLIS — IndyCar drivers waited out a four-hour rain delay and worked through their concerns over a slippery warm-up lane Thursday. It didn’t take long for the 31 drivers to start turning laps topping 225 mph. Thirty-one of the 32 drivers entered in next month’s Indianapolis 500 participated in the
Someone has just paid $9.5 million for the ‘AA8’ number plate in Dubai during a recent charity auction. The massively expensive number plate was sold at the ‘Most Noble Numbers’ charity auction to support the One Billion Meals campaign that provides food for those in need. A number of other desirable number plates were sold,
TOKYO — Honda Motor Co. is planning to cut production by about 50 percent on two lines at one of its Japan factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday. The factory in Suzuka will also slash production by half during April, expanding the scale of the cutback
In this article TSLA Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters On Tesla’s first-quarter earnings call Wednesday, CEO Elon Musk said he thinks that inflation is worse than reported and is likely to last all year in 2022. U.S. inflation rose
By Joey Klender Posted on April 21, 2022 Lucid Group (NASDAQ: LCID) announced today that it would report earnings for the first quarter of 2022 on May 5 at 2:30 PM PT or 5:30 PM ET. Lucid said in its press release that it would issue a press release with a link to its live
PARIS — Citroen will end production of its last minivan, the Grand C4 SpaceTourer, in July after nearly a decade, as the segment continues to shrink. The minivan was launched in 2013 as the C4 Picasso, and Citroen says that more than 730,000 have been sold. It originally came in both five- and seven-seat (Grand)
5:35 PM ET Associated Press INDIANAPOLIS — Jimmie Johnson looked every bit like a four-time race winner on Indianapolis Motor Speedway’s historic oval Wednesday. Only this time, his blue No. 48 was an Indy car turning laps in excess of 215 mph. The seven-time NASCAR champion climbed as high as No. 3 on the daily
What kind of vehicle is the 2023 Lexus RZ? What does it compare to? The RZ is the brand’s first dedicated electric vehicle with no gas-powered counterpart. Sharing a platform with the Toyota BZ4X, the electric compact crossover will compete in a growing premium segment, from the Volvo C40 and related Polestar 2 to the
EAST LIBERTY, Ohio — Honda’s new $124 million wind tunnel — a structure five years in the making — is coming online at a critical time. In the electric vehicle era, designers are under pressure to reduce aerodynamic drag so that battery-powered vehicles can drive farther on a charge. The tunnel — an eighth of
HAWTHORNE, CA – DECEMBER 18: Elon Musk, co-founder and Chief Executive Officer of Tesla Inc., speaks at an unveiling event for The Boring Company Hawthorne test tunnel December 18, 2018 in Hawthorne, California. On Tuesday night, The Boring Company will officially open the Hawthorne tunnel, a preview of Musk’s larger vision to ease traffic in
Mullen is an electric vehicle startup based in California that has largely flown under the radar but has been making a lot of noise in recent months. For example, the company revealed the Five crossover last November at the 2021 Los Angeles Auto Show. The Tesla Model Y rival is due in 2024 with a
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. Sponsored by Recurrent Auto: Check the battery before buying a used EV & monitor your battery performance with monthly insights using Recurrent’s free battery reports for EV owners. New
Admitting my own mistakes is something I learned to do from an early age since, after the initial embarrassment, it is a great way to learn and avoid future hurdles. In that context, when I surprised myself by getting stuck in the sand with a four-wheel-drive Jeep, I knew I had to share this experience
Tesla said first-quarter net income and revenues surged after the EV maker delivered record units at higher prices. The company led by Elon Musk posted net income for the quarter of $3.32 billion compared with a profit of $438 million a year earlier. Revenue was $18.8 billion in the first quarter ended March 31 from
7:29 PM ET Associated Press INDIANAPOLIS — Three Indianapolis 500 winners spun while coming out of the pits Wednesday at Indianapolis Motor Speedway and four-time race champion Helio Castroneves hit the second turn wall with about 80 minutes left in an unusually chaotic testing session. Castroneves was taken to the track’s infield medical center where
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LOS ANGELES — Lincoln Motor Co., trailing luxury rivals in the transition to battery power, on Wednesday introduced a concept that previews how the brand hopes to differentiate itself in the electric vehicle era. The Lincoln Star concept, unveiled at an event here celebrating the brand’s 100th anniversary as part of Ford Motor Co., showcases
Tesla Inc. expects to reach volume production of a new ‘robotaxi’ vehicle without a steering wheel or pedals by 2024, CEO Elon Musk said on the automaker’s first-quarter earnings call Wednesday. The goal of the new model, which would use Tesla’s still-incomplete “full self-driving” software, is to reach the lowest cost per mile for a
Lincoln Star concept electric vehicle Lincoln DETROIT – Ford Motor plans to introduce four new electric vehicles into its Lincoln lineup by 2026, as the once-dominant American luxury brand reinvents itself to focus on EVs. The new vehicles were announced Wednesday night alongside the unveiling of a new concept EV called the Lincoln Star. The
LG Magna e-Powertrain, the joint venture between South Korea’s LG Electronics and Canada’s Magna International, broke ground on its new plant in Ramos Arizpe, Mexico, on April 19. If the name of the northern Mexico city rings a bell, it may be because General Motors also has a plant there, which currently builds the gasoline-powered
BMW‘s flagship sedan, the 7 Series, has been given an ultraluxury redesign, along with a full-electric version. The 7 Series lineup includes a more powerful V-8 engine, a loungelike interior, and advanced driver-assistance technology. “The new 7 Series sounds the starting signal for our new generation of highly-efficient combustion engines,” BMW Group CEO Oliver Zipse
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