Polestar is preparing to go public next month in a reverse merger with a special-purpose acquisition company, Gores Guggenheim. The deal could peg the Geely electric brand’s market valuation as high as $25 billion, according to analysts. The move is part of a wave of potential spinoffs of EV brands or units, as automakers try to
Month: May 2022
A racer in San Antonio, Texas, is asking for help from the racing community after his GT4 race car was recently stolen. The car, a 2018 Mercedes-AMG GT4 race car, was in a 2020 Haulmark Edge trailer being towed behind a white 2019 GMC Denali HD. The owner, who asked KENS 5, an ABC affiliate,
MEXICO CITY – General Motors has agreed a 8.5 percent wage hike with the new, independent union at its pick-up truck plant in the central Mexican city of Silao, labor representatives said on Thursday, one of the highest recent raises in the country’s auto industry. A GM Mexico spokeswoman confirmed the raise in an email
In this article RIDE RIVN Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New York. Ann-Sophie Fjello-Jensen | AP Beaten-up shares of several electric-vehicle start-ups moved sharply higher Thursday morning in wild and largely unexplained trading. Rivian Automotive after market close on Wednesday reported a first-quarter loss
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4:01 AM ET Four times Formula One world champion Sebastian Vettel said on Thursday that climate change had made him question his job as a driver travelling the world to race cars. Speaking on BBC Question Time, a television panel show mixing politicians and celebrity guests, the German was asked whether his position on the
What kind of car is the 2022 Toyota Corolla Cross? What does it compare to? The Corolla Cross is the newest, smallest Toyota crossover to sport available all-wheel drive. Larger than the front-wheel-drive Toyota C-HR and taller than the Corolla sedan that lends its name to the effort, the 2022 Corolla Cross also borrows its
The Aston Martin V12 Vantage recently returned for a second generation and journalists have just had the opportunity to put it through its paces, testing it both on the track and on the road. Just 333 examples of the new V12 Vantage are being built and on paper, it seems like the perfect Aston Martin.
PARIS — A key European Union committee’s decision to reject calls for much deeper emissions cuts has disappointed environmental advocates, who pushed for new targets in the run-up to a 2035 deadline for automakers to sell only zero-emissions cars. The European Parliament’s environment committee on Wednesday voted to ratify new rules for CO2 emissions from cars
Cars are more expensive than ever before but one dealership in Florida seems to think that now is the time to get cash out of the 2023 Corvette Z06. It’s one of the most expensive and highly touted sports cars GM has ever made and reportedly, to Dimmitt Chevrolet, that means it’s worth no less
Shakespeare was wrong when Romeo rhetorically asks, “What’s in a name?” The answer is not irrelevant — it’s money. In fact, Volkswagen is banking on that fact. The German automaker is moving ahead with plans to resurrect the Scout name that it acquired last year when its heavy-truck brand merged with Navistar and, in the
Jason Calacanis Adam Jeffery | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to buy the social media company. “We are now collecting interest to invest in Twitter with
Mercedes-AMG on Thursday unveiled another “Edition 55” model celebrating AMG’s 55th anniversary, this time based on the CLA. The 2023 Mercedes-AMG CLA45 Edition 55 lands in the U.S. later this year, with production limited to just 55 units. Changes for this limited edition start with an AMG Aerodynamics package that adds a larger front splitter,
Rivian yesterday announced its financial results during the first quarter of 2022, as well as the production rate and the number of vehicle preorders. While the net loss of $1.6 billion is huge, the company says that in big part, it’s related to the low volume production of the three first models (R1T pickup, R1S
What kind of car is the 2023 Toyota Venza? What does it compare to? The hybrid Venza compact crossover seats five people and is half a foot longer but no roomier than the related Toyota RAV4. The Venza rivals mid-size crossovers such as the Honda Passport and Chevy Blazer, as well as larger compact crossovers
BERLIN — Thyssenkrupp and Japanese supplier NSK are considering forming an automotive joint venture, the German conglomerate said on Thursday, as it continues to explore new ownership models for its key business areas to become leaner. The two companies signed a memorandum of understanding (MoU) to explore a tie-up between Thyssenkrupp’s Automotive Technology division and
We all know that flashy exotic cars are more likely to get pulled over by the police, although it’s typically for some sort of reckless activity. In the case of this Ferrari F8 Tributo driver in Germany, however, it was actually for a different reason altogether. The F8 Tributo’s 3.9-liter twin-turbo V8 pumps out a
WASHINGTON — Rivian Automotive Inc. is recalling a small number of R1T electric pickups because sensors in the front passenger seat might not deactivate the airbag when a child or child seat is present. The recall covers 502 pickups from the 2022 model year that were produced Sept. 21, 2021, through April 12, 2022, and
In this article GS TSLA Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” Jim Watson | AFP
By Maria Merano Posted on May 12, 2022 Tesla will face a jury in litigation over a 2018 Model S crash, resulting in the deaths of Barrett Riley and his friend, Edgar, in Florida. The trial may be set for July. On May 8, 2018, Barret Riley was driving his father’s Model S with his
GMC’s Denali trim level is meant to signify that nothing else could be higher. After all, it’s named after the highest peak in North America but now the brand wants to go further with a new 2022 trim level called the Denali Ultimate. This truck is aimed squarely at the most luxurious versions of the
BRUSSELS — Lawmakers on the European Parliament’s environment committee backed an EU plan to effectively ban new gasoline and diesel car sales from 2035, while voting against proposals for tougher targets to cut car CO2 emissions within this decade. The committee supported the proposal for a 100 percent cut in CO2 emissions by 2035, which
The latest entry in a fast-growing series of recent stories about people ruining cars with manual transmissions comes from Reddit’s u/Kanagawabatice, who posted a short video of a Mustang in a garage with the following caption: “when you let your 7 year old start the car and he forgets to take it out of gear.”
Taiwan’s Foxconn, best known as the manufacturer of the iPhone, is now in the car manufacturing business. Lordstown Motors on Wednesday said the $230 million deal announced in the fall to sell its sprawling 6.2 million-square-foot plant to Foxconn has closed. The deal transfers to Hon Hai Technology Group — which trades under the Foxconn
In this article RIDE Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors said Wednesday it has closed a $230 million deal to sell its Ohio factory to
The Hummer, Bronco and Blazer have all returned in recent years as a result of the ongoing SUV boom. The International Harvester Scout is next. Citing people familiar with the matter, The Wall Street Journal reported on Tuesday that Volkswagen Group’s board is expected to give the green light on Wednesday to a Scout revival.
Nissan has come out with a new generation Z. Is this new generation more than just a simple makeover? Get our first look review right here. ➡️ https://bit.ly/3k1nYdo #Nissan #NissanZ #MotorTrend MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive research and news. Get a fast, simple, and free car quote
Spring weather means it is time to get out there and start making sure your yard is in shape. Today we’re tracking a notable discount on an electric tool to help the cause, with EGO’s Power+ Hedge Trimmer helping you make last year your last time relying on gas or oil. Now down to a
7:00 PM ET Charles Leclerc and Carlos Sainz chat after locking out an all-Ferrari front row for the Miami Grand Prix. Hasan Bratic/picture alliance via Getty Images MIAMI – Lewis Hamilton said the late pit stop Mercedes offered him and he declined to take felt like an unnecessary risk as he once again bemoaned the timing
For sports car enthusiasts, the introduction of electric and hybrid models is a threat to the character of the driving experience. However, there’s one brand that has never had a problem with character, and that’s Ferrari, so if it can make hybrid sports cars cool, then it could lead the way for the rest of
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