By Joey Klender Posted on May 7, 2022 Tesla said in its 2021 Impact Report that it received 3 million job applications from potential employees last year. “By attracting, developing, and retaining excellent talent, we’ve developed a pipeline of diverse and exceptional candidates while fostering an inclusive culture that supports them once they become employees,”
Month: May 2022
11:24 AM ET Lando Norris and Sergio Perez have criticised the track at the first Miami Grand Prix after several drivers struggled with the surface in the opening practice sessions. McLaren’s Norris took P6 after Friday’s second session but was far from happy with race conditions. “It is extremely tricky. It is very bumpy in
The announcement that Porsche and Audi want to lend their names to Formula One comes at a high point of popularity in the U.S. for the world’s most glamorous racing series. Miami’s first-ever F1 Grand Prix will run on Sunday. Race-day ticket prices hit $1,342 this week on the secondary market, more than prices for
A group of thieves in Schaumburg, Illinois recently made off with a host of new vehicles from dealerships owned by the Ziegler Auto Group. Surveillance footage shows a hooded and masked thief gaining access to a red C8 Chevrolet Corvette under the cover of darkness with a device used by locksmiths. The thief then casually
Tesla Inc. sued a former engineer claiming he illegally transferred confidential information on its supercomputer technology to his own computer and turned over a “dummy” laptop for inspection to cover up the theft. Tesla is developing an in-house supercomputer, dubbed Project Dojo, to deal with massive amounts of data, including video from Tesla cars, and
In this article 9866-HK Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share
6:40 PM ET Formula One’s commercial rights holders Liberty Media are buying a plot of land in Las Vegas for $240 million to locate the pit and paddock complex for a grand prix next year, they said on Friday. The floodlit race, to be held on a Saturday, will be the third U.S. round on
This week on the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. This week, we do a live Q&A about the Rivian R1T from the electric pickup truck, Ford starts F-150 Lightning deliveries, we discuss some Tesla news, and more. Sponsored by Recurrent Auto: Check the battery before buying
BMW will focus its Neue Klasse (New Class) architecture on full-electric models for the midsize premium segment. The platform, which will go into production in 2025 at the automaker’s new factory in Hungary, will only offer a battery-electric drivetrain, BMW CEO Oliver Zipse said during the automaker’s first-quarter earnings call on Thursday. “When it hits
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Wholesale used-vehicle prices ticked down again in April, marking three full months of slight cooldown after a long stretch of record elevation last year. Cox Automotive said Friday that its Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, fell 1 percent in April compared with March. Even though wholesale prices
American Axle & Manufacturing Holdings Inc. saw its first-quarter net income nearly evaporate while it tries to manage the immediate disruption of supply chain volatility and the longer-term challenge of electrification. The Detroit-based supplier’s income plunged 97 percent year-over-year to $1 million as revenue remained flat at $1.4 billion, according to its earnings report Friday.
A sign advertises cash paid for used cars in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale used-vehicle prices have notably fallen from a record high, set in January, signaling the worst of sky-high prices related to higher inflation in the U.S. may be behind us.
We spotted the 2023 Land Rover Range Rover Sport, the DeLorean EV has a reveal date, and the Brabus 900 Crawler debuted. It’s the Week in Reverse, right here at Motor Authority. Our spy photographer spotted 2023 Land Rover Range Rover Sport, again, ahead of its May 10 debut. The next-generation Range Rover Sport appears
Every position and every point counts as the Bryan Herta Autosport team fights to secure the championship. Tune in to the season finale now to see if Hyundai stays on top! #MotorTrend #HyundaiRacing #IMSA
Ford is taking what appears to be a subtle shot at Elon Musk in a new campaign set to get airplay during this weekend’s Kentucky Derby coverage on NBC. The effort from Wieden+Kennedy has blue-collar sensibilities and aims to promote the automaker’s status as a major employer of hourly workers. One ad begins with scenes
5:19 PM ET Ahead of the Miami Grand Prix, ESPN sat down with championship leader and Ferrari driver Charles Leclerc to discuss his love of the United States, how he mentally prepares ahead of each race and his relationship with title rival Max Verstappen. Michael Schumacher used to say that he could come to the
The Volkswagen Group and SEAT announced that together with partners in the Future: Fast Forward project (total of 62 companies), it will invest €10 billion ($10.6 billion) to make Spain a European hub for electric mobility. Part of the amount, which is described as the single largest industrial investment in Spain’s history, is expected to
Mercedes-Benz will offer Drive Pilot, the first Level 3 autonomous driving system approved for European public roads, as an option on S-Class and EQS models starting May 17. Drive Pilot will cost 5,000 euros ($5,300) on the S-Class and 7,430 euros on the EQS in Germany, Mercedes said Friday. The system allows the car to
The streets were silent on April 26th, 2022, construction and road closures on nearby Gregson St. meant that the intersection where the 11 foot 8 bridge resides was a peaceful and tranquil area. It was the calm before the storm, however, as the sounds of smashing metal and honking horns would soon pierce the air.
Three Ford dealerships and a Nissan dealership traded hands in single-store, first- and second-quarter transactions. Here’s a look at the deals involving dealerships in Michigan, Illinois, South Carolina and Alabama. Two of the transactions involved groups ranked on Automotive News‘ top 150 dealership groups list. Growing megadealer Serra Automotive Inc. of Fenton, Mich., has purchased
Bosch plans to invest $528 million to develop components for hydrogen electrolysis, a technology that promises to speed adoption of so-called green hydrogen for use in transport and other sectors. The world’s largest auto supplier said Wednesday at its annual news conference that it hopes to start production of electrolyzer “stacks” in 2025, with the
Newsday Llc | Newsday | Getty Images On top of elevated prices for new and used cars, financing the purchase of one is about to get more expensive. With the Federal Reserve boosting a key interest rate by half a percentage point on Wednesday, borrowing costs are poised to head higher on a variety of
5:36 PM ET MIAMI – Pierre Gasly drives Formula One cars for a living and can boast that he is a grand prix winner, but he says the best experience of his life so far was having dinner with Michael Jordan this week ahead of the Miami Gand Prix. Gasly, who drives for Red Bull’s
By Maria Merano Posted on May 5, 2022 Lucid Motors announced a price increase for its Lucid Air product line after releasing its Q1 2022 financial results. In an 8-K SEC filing, Lucid shared a statement from CEO and CTA Peter Rawilson about the Air’s price increase. “We announced today that we are increasing prices
Porsche on Wednesday announced a $100 million investment in Washington State-based battery firm Group 14 Technologies. The automaker aims to use investments like this to become a leader in battery technology. Porsche is leading Group 14 Technologies’ Series C funding round, in which multiple companies are investing a total of $400 million, the automaker said
The first year of Stellantis’ life brought many changes to the former PSA Group and Fiat Chrysler Automobiles brands, including the realignment of the Europe region — now called Enlarged Europe. Within the region, nine main brands are coexisting: Alfa Romeo, Citroen, DS, Fiat, Jeep, Lancia, Maserati, Opel/Vauxhall and Peugeot, covering a range of segments
Driving in tunnels is not that much of a stressful experience for most people but some drivers in the US had a few baffling minutes after witnessing an optical illusion on an onramp inside a tunnel, forcing oncoming traffic to hit the brakes. The driver filming this clip had to stop the car and wonder
Startup electric automaker Lucid Group Inc. on Thursday raised prices for most models from June after it posted a $598 million operating loss for the first quarter. The automaker said it is grappling with rising raw materials costs, but said it would honor current reservations in a move to avoid the blowback a rival faced.
Michigan remains in contention for a new Stellantis electric vehicle battery plant as the automaker completes the final analysis before an anticipated announcement of a site. Stellantis COO Mark Stewart said Thursday that the state “absolutely” could be home to a new plant and that it has a “great working relationship” with the Michigan Economic