By Joey Klender Posted on May 19, 2022 Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 billion to produce electric vehicles at a new factory in South Korea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia
Month: May 2022
The quickest BMW (to date) around the Nürburgring has been revealed, but it’s unclear if you can even buy it. On Thursday, the 2023 BMW M4 CSL broke cover. When production begins in July, only 1,000 units will be built, each for a price of $140,895. BMW wouldn’t comment on whether the M4 CSL is
12:41 PM ET BARCELONA, Spain — Carlos Sainz is concerned about the long-term health impact of racing the latest generation of Formula One cars after experiencing intense stiffness in his neck and back after races this year. New technical regulations for 2022 have opened up the possibility of generating immense amounts of downforce from the
The Lotus Exige is sadly no more but it remains one of the purest and most addictive sports cars ever launched and Chris Harris recently took a trip down memory lane with one particular special Exige. This Exige is a Series 1 model and was once a press car. Harris used it as a long-termer
Mercedes-Benz will cut back its entry-level suite of cars as part of a strategic overhaul that will channel more than three-quarters of the automaker’s investment to its higher-end vehicles. Mercedes unveiled its plans to major investors on Thursday, placing the drive for greater profitability on its so-called Top End Vehicle segment, home to the iconic
Rules. Every racing series from quarter midget to NASCAR to IndyCar requires teams to adhere to what seems like a byzantine labyrinth of rules. The requirements — which govern everything from the size, thickness and placement of decals to the engine’s size and power output — help ensure cars from different teams are close to
As the summer driving season nears, gasoline prices show no signs of slowing down. The national average for unleaded gas hit a new high of $4.59 per gallon Thursday, according to AAA. For the first time ever, the average price was $4 per gallon or above in all 50 states this week, AAA data shows. Last year at
Tesla has started to push a new Full Self-Driving (FSD) Beta software update with improvements based on over 250,000 training video clips from its fleet. Based on the release notes, it’s a big update. FSD Beta enables Tesla vehicles to drive autonomously to a destination entered in the car’s navigation system, but the driver needs
7:14 PM ET Associated Press INDIANAPOLIS — Jimmie Johnson set his alarm for 5:48 a.m. — he uses the number 48 in nearly all his mundane activities — hoping to get a workout in before opening day at Indianapolis Motor Speedway. Excitement got the best of him. Johnson awoke 15 minutes before his alarm went
SEOUL — Hyundai Motor Group plans to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle business in South Korea. The South Korean auto group, which is parent to Hyundai and Kia, plans to annually build 1.44 million units of EVs in South Korea by 2030.
Honda’s all-electric Prologue crossover is taking shape as the automaker prepares for an electrified future that targets half a million EV sales in North America by 2050. The 2024 Prologue, Honda’s first volume EV, will leverage General Motors’ Ultium platform and batteries as part of a partnership between the two automakers. Honda has said it
In this article TWTR Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Elon Musk said twice
Honda on Wednesday released a teaser for its Prologue electric crossover SUV, which is scheduled to go on sale in 2024. The Prologue will be Honda’s first mass-market EV for the North American market (Honda previously mentioned sales estimates of 70,000 units annually), and the first Honda EV sold here since the Clarity Electric was
The California New Car Dealers Association (CNCDA) reports that during the first quarter of 2022, the overall light-vehicle registrations in California amounted to 425,216 (down by 13.8% year-over-year). The report begins with a list of issues: “Inflation has surged, interest rates are moving higher, gas prices have increased, and there’s a war in Europe”, but
On this episode of HOT ROD Unlimited, David Freiburger meets up with Pro Touring legend Mark Stielow to compare old and new Camaros head to head. Mark Stielow is a GM engineer with a long history of building vintage, street-worthy Camaros with amazing handling prowess. His latest is the Red Devil, a ’69 model powered
9:40 AM ET The storyline surrounding Mercedes ahead of each race this season has been the same: will this be the weekend the reigning F1 world champions finally unlock the potential of their car? Yet with almost a quarter of the season complete, increasingly the question is whether the potential is there at all and
Volkswagen Commercial Vehicles has announced that prices for the ID Buzz electric van will start at 54,430 euros ($57,220) in Germany for the Cargo version and 64,581 euros ($67,891) for the five-seat passenger Pro version. Orders will open on Friday for the Buzz, with retro styling that evokes the original air-cooled, rear-engine VW Kombi (or
According to a new early estimate of traffic fatalities in 2021, the NHTSA says that we’ve hit a new 16-year high.Nearly 43,000 individuals are estimated to have lost their lives in traffic crashes last year, recording a significant increase of 10.5-percent over 2020. According to the data, just about every subset of drivers and crash
Volkswagen Commercial Vehicles has announced that prices for the ID Buzz electric van will start at 54,430 euros ($57,220) in Germany for the Cargo version and 64,581 euros ($67,891) for the five-seat passenger Pro version. Orders will open on Friday for the Buzz, with retro styling that evokes the original air-cooled, rear-engine VW Kombi (or
In this article TSLA An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were included on
By Simon Alvarez Posted on May 18, 2022 Tesla China may not be at full capacity yet, but its vehicle export activities are already hitting their pace. Not long after the electric vehicle maker sent over a batch of Model 3 and Model Y to Europe, thousands of new vehicles were sighted being loaded onto
7:21 PM ET Associated Press INDIANAPOLIS — Two-time Indianapolis 500 winner Takuma Sato shot to the top of the speed chart late Tuesday on the first day of preparations for “The Great American Race.” Sato went 228.939 miles per hour (368.44 kph) around Indianapolis Motor Speedway to bump six-time IndyCar champion Scott Dixon as fastest
MLADA BOLESLAV, Czech Republic — Skoda is confident that its parent Volkswagen Group will take a decision on its fourth large battery factory in Europe by 2023 at the latest, the brand’s production and logistics chief, Michael Oeljeklaus, said. VW in October said it planned to decide in the first half of 2022 on the
No one likes seeing a damaged supercar and this orange McLaren 720S crashed in Toluca, Mexico is a particularly sad sight to see. Details about the crash aren’t known but a video shared to Instagram gives us a glimpse of the damage sustained to the mid-engined supercar. Evidently, it will not be cheap to fix
BERLIN — Mercedes-Benz will incorporate a new, highly energy-dense battery in its upcoming electric G-Class from 2025, a solution to the problem of how to power large electric cars without weighing them down with heavy batteries. The battery, made by start-up Sila Nanotechnologies, uses silicon-based anodes and is 20 percent to 40 percent more energy
In this article 7203.T-JP TSLA VOW3-DE GM F One of Toyota’s Sora busess photographed in Japan on Nov. 5, 2021. Toyota started working on the development of fuel-cell vehicles back in 1992. Korekore | Istock Editorial | Getty Images Toyota Motor Europe, CaetanoBus and Air Liquide have signed an agreement related to the development of
The seventh-generation 3-Series has been tweaked and upgraded to keep up with the newer competition. On Tuesday, the 2023 BMW 3-Series was revealed with larger screens, revised styling, and a new place or origin for U.S. models when they arrive in July. Pricing has yet to be announced. BMW said every U.S. 3-Series will now
Major automakers are currently on track to fail to meet necessary climate goals to keep the world under 1.5 degrees Celsius of warming, according to a new report by InfluenceMap. The report showed that while companies are largely making climate-forward public statements, these statements do not match up with their actions in terms of future
Pro driver Randy Pobst hot laps the 2017 Jaguar F-Type SVR around Mazda Raceway Laguna Seca for Motor Trend’s 2016 Best Driver’s Car Powered by Mothers. The Jaguar F-Type SVR is one of 12 contenders competing for the title of 2016 Best Driver’s Car. The winner will be announced on Thursday, September 22nd on the
Most brands mine social media and influencer trends to tap into popular crazes. But Chrysler is using one rising phenomenon as a foil — #VanLife. The hashtag, which is affixed to social content plugging the kind of nomadic lifestyle that has gained traction during the pandemic, serves as the inspiration for a new campaign for
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