In this article LCID CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have
Month: May 2022
10:20 AM ET Associated Press INDIANAPOLIS — British driver Stefan Wilson spent an entire year hoping to drive in this year’s Indianapolis 500. All he has to do now is qualify. Cusick Motorsports and DragonSpeed announced Thursday that they have hired the 32-year-old British driver, virtually assuring race organizers they will fill the traditional 33-car
Put simply, the BZ4X doesn’t make all the performance poses flaunted by the latest electric crossovers. The dedicated off-road mode, called X-Mode, is borrowed from Subaru, so it has plenty of outdoorsy credibility that’s rare in this cohort. We give the BZ4X a bonus point for being able to go comfortably where the pavement ends
Commercial EV manufacturer Volta Trucks has shared a roadmap outlining plans to bring its all-electric Zero trucks to the United States next year. Its strategy will include the 16-ton Volta Zero truck to begin, followed by Class 5 and 6 variants. Additionally, Volta Trucks is searching for a manufacturing partner on US soil to begin building
BMW said earnings rose 12 percent in the first quarter even as the war in Ukraine and COVID lockdowns in China disrupted the automaker’s supply chain. Group earnings before interest and tax rose to 3.39 billion euros ($3.6 billion) in the first quarter, the company said Thursday. BMW confirmed the outlook for the year that
When driving in the rain, it’s extremely important to be extra cautious. This is increasingly true when piloting large vehicles like semi trucks, and a prime example of that is this massive accident that happened on a rainy Texas highway last week. The incident occurred in San Antonio on the westbound direction of I-10 near
Auto supplier BorgWarner Inc. saw its net income more than triple to $200 million in the first quarter of 2022, while its revenue decreased because of shaky foreign currencies and decreased production. BorgWarner’s net income of $200 million represents more than a 200 percent increase from last year’s $65 million. But last year, net income
In this article F Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on Wednesday reported a 10.5% decline in April sales compared to a year ago, notably narrowing its losses
12:06 PM ET As he watched his dad’s van pull back on to the Autostrada without him, Max Verstappen was struggling to digest what had happened. In all of his 11 years and 11 months on this earth, he’d never seen his dad as angry as he was at the go-kart track a couple of
In April, the total sales of Ford and Lincoln vehicles in the US decreased 10.5% year-over-year to 176,965, including 167,707 Fords (down 10.5%). Year-to-date, the company noted a 15.3% decrease to 609,097, including 580,691 Fords (down 15.0%). Ford explains that the semiconductor chip shortages persist, which is a major factor that impacts production and sales.
The 2023 BMW M4 CSL will debut at Italy’s 2022 Concorso d’Eleganza Villa d’Este that will run May 20-22. BMW M released a teaser for this more hardcore version of the M4 on Facebook Wednesday. A BMW press release published that same day confirmed the CSL will make its public debut at Villa d’Este. As
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Bosch will invest 500 million euros 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 supplier said Wednesday at its annual news conference that it hopes to start production of electrolyzer “stacks” in 2025, with the expectation that the
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Magna International Inc. said it launched new advanced driver-assistance functions on the 2022 Toyota Tundra pickup, a key development for the supplier giant as it looks to establish its position as vehicle automation grows. In a Wednesday news release, Magna said the Tundra is equipped with a “complete surround view system” that includes five cameras
Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage. The ride-sharing and delivery company projected gross bookings of $28.5 billion to $29.5 billion in the
In this article LCID FSR NKLA Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Investors holding beaten-up electric
3:45 AM ET Tony Brooks, the British ‘racing dentist’ who was Formula One’s last surviving grand prix winner from the 1950s and finished second in the 1959 world championship, has died aged 90. “I was saddened to hear the news that Tony Brooks has died,” Formula One chief executive Stefano Domenicali said in a statement.
By Simon Alvarez Posted on May 4, 2022 The Green League, an environmental group, has asked the Oder-Spree district to revoke Tesla Gigafactory Berlin’s operating license. The group pointed to an incident regarding the facility’s paint shop as a reason behind its request. Last month, reports emerged that Giga Berlin had faced a potential crisis
PARIS — Faurecia and the French recycling company Veolia have signed a cooperation and research partnership with an aim to use on average 30 percent of recycled plastics in car interiors by 2025, the companies said. The collaboration, under which recycled plastics will be used in instrument panels, door panels and center consoles in cars
Time is a precious commodity in our busy lives, and probably more so if you’ve been successful enough in your business life to buy a C8 Corvette, which takes just 2.8 seconds of it to reach 60 mph (96 km/h), or 2.6 seconds in Z06 trim. But if you are lucky enough to own something like
Publicly traded retailers Penske Automotive Group Inc. and Lithia Motors Inc. each announced single-store acquisition deals on Tuesday. Penske said it has acquired a Hyundai-Genesis dealership in Noblesville, Ind., near Indianapolis, its first of those brands in that region, from dealer Terry Lee. Financial terms of the deal, which closed Monday, were not disclosed. The
In this article STLA-IT Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billion to overhaul two Canadian factories to build fully electric and hybrid vehicles, the company said on Monday, as
10:30 AM ET It’s been hard to find Kevin Magnussen without a big smile on his face since he made his sensational return to Formula One in March. The story of his comeback has been well told now. He was preparing for a family holiday in Miami with wife Louise and baby daughter Laura, having
Vermont is launching new electric bike and car incentive programs and is also continuing an existing EV incentive program for state residents. The transportation sector currently causes about 40% of the state’s carbon emissions. The State of Vermont Agency of Transportation has selected the San Diego-based independent nonprofit Center for Sustainable Energy (CSE) to develop and administer
California coachbuilder Rezvani is preparing a new version of its Beast sports car. It’s scheduled to debut this summer and go on sale as a 2023 model. The 2023 Rezvani Beast will feature a carbon-fiber body like the current version, with a twin-turbocharged engine producing 1,000 hp, according to Rezvani’s website. Other details are being
FRANKFURT — Volkswagen Group’s Cariad software division said it will source chips from Qualcomm to develop autonomous driving software, which VW has made the core part of its future strategy. Qualcomm Technologies will supply system-on-chips (SoCs) from its Snapdragon Ride portfolio for Cariad’s software platform. The SoCs will be an important hardware component in its
Authorities in the Netherlands have confiscated a Nissan GT-R after it was seen driving at 159 km/h (99 mph) through the center of Rotterdam. The incident happened late last week. Local media reports that police in Rotterdam saw the GT-R racing through the streets alongside an unspecified BMW model. When they pointed the laser gun
DETROIT — The 2023 GMC Yukon will be the brand’s second nameplate to get the ultra-high-end Denali Ultimate trim, as average transaction prices continue to rise across the industry. The Yukon Denali Ultimate is slated to go on sale this fall, GMC said in a statement Tuesday. The brand did not disclose pricing for the
FRANKFURT/MILAN — Stellantis has agreed to buy the Share Now car-sharing business from BMW and Mercedes-Benz as the two German automakers focus on the software part of their mobility alliance. Stellantis wants to position itself as a global leader in car-sharing, using this step announced on Tuesday to expand its existing business in the area.