Ford Motor (F) CEO Jim Farley told the CNBC Investing Club exclusively Wednesday why the company is closing a Ford Focus plant in Germany. It’s because it’s very expensive and losing money. Farley told Jim Cramer that Ford plans to keep a second plant in Germany, one that’s profitable, open. The plant that’s staying in
Month: June 2022
Dealership technology giant CDK Global is getting out of the cookie business. CDK is closing Fresh Beginnings, a bakery that Hugh Hathcock and his wife, Judy, started in 1985 as a source of gourmet gifts to help his dealership clients build relationships with their customers. CDK acquired the bakery in 2018 when it bought eLead1One,
6:23 AM ET Associated Press Robert Wickens won for the first time since suffering a spinal cord injury in 2018 by teaming with Mark Wilkins to win the TCR class Saturday in the Michelin Pilot Challenge at Watkins Glen International in New York. Wickens was a promising IndyCar rookie when he was injured in an
SHANGHAI – Contemporary Amperex Technology Co. will start mass production next year of its latest EV battery, with greater efficiency that lets electric vehicles drive longer distances on each charge, the company said on Thursday. The world’s biggest battery maker is scrambling to retain its top position against competition from rivals such as BYD, which will
By William Johnson Posted on June 25, 2022 The “Bay to Birdwood Run” has announced that starting this year, electric conversion vehicles will be allowed to participate in the rally. In an interview with the Australian Broadcast Center (ABC), event organizer Michael Neal stated that he wanted the first post-pandemic rally to be the biggest
U.S. sound technology pioneer Dolby and Swedish digital audio specialist Dirac are looking to expand their immersive in-car audio solution to European and North American automakers after winning business with Chinese startup Nio. Dirac vice president Lars Carlsson, who is head of business development automotive, said the company is poised to make business announcements linked
BMW recently revealed previously secret M5 CSL, M6 CSL, and V-8-powered M3 CSL prototypes, but the automaker had one more surprise in store. Feast your eyes on the 2018 BMW M2 CSL prototype that never made it to production. Sporting a carbon-fiber fixed rear wing and a roll cage, the M2 CSL prototype looks a
Owning a Lamborghini is a dream for many but unfortunately, it’s something that only the wealthiest of individuals will ever get to experience. That’s where replicas and Lamborghini-inspired bodykits come in. If you’re a regular reader of CarScoops, you’ve probably seen plenty of Lamborghini replicas over the years. Some of them are pretty impressive but
TOYOTA CITY, Japan — Imagine zipping down the highway of tomorrow in a self-driving pod car. You’re on a long-haul, cross-country trip; you don’t have time to stop for a restaurant. With the push of a button, the meal is ordered. Before long, a drone catches up to your speeding vehicle. It hovers near a
In this article 9866-HK Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said in a Weibo post on Thursday. The incident happened at around 5:20 p.m. Beijing time on Wednesday. One company
6:37 PM ET Associated Press LEBANON, Tenn. — Justin Allgaier routed the field at Nashville Superspeedway on Saturday for his second NASCAR Xfinity Series victory of the season. The JR Motorsports driver led 134 of the 188 laps in his Chevrolet and beat Trevor Bayne by 4.513 seconds on a hot, steamy afternoon in which
Toyota Motor Corp has cut its stake in Uber Technologies Inc by about half, after the ride-hailing company divested the autonomous driving unit at the center of their collaboration. “The development of vehicles related to automated driving was one of the main objectives of Toyota’s investment,” Toyota spokesperson Shiori Hashimoto said in a statement, adding
When it comes to fun and wacky electric vehicles, the undisputed titans of the industry are those wild EV engineers that must surely be keeping Alibaba in business. Despite a global supply chain crunch, there’s no shortage of fun and fascinating options in the endlessly scrolling EV pages on the site. This week’s entry in
The BMW i4 and Kia EV6 GT-Line AWD are not the most traditional of rivals. After all, it would have been inconceivable just five years ago that a Kia would be rivaling BMW with a compelling new electric vehicle that is cheaper but loaded with just as many features. Well, apparently things have changed. A
MILAN — Stellantis will stop operations at its key Melfi plant in southern Italy from June 28 to July 2 due to a “structural” shortage of semiconductors, the UILM union said. A spokesman for the automaker confirmed the news and said it had been taking decisions on its operations on a day-by-day, plant-by-plant basis since
In the early morning hours of June 12, a group of criminals smashed into a home, took a set of keys, and then used them to drive off in a Rolls-Royce Dawn. Before they could get too far the car simply stopped and, likely unbeknownst to them, it was the owner of the Dawn in
Genesis is pushing back the launch of the Electrified G80 sedan after a planned spring showroom debut. The automaker didn’t disclose the reason but said more details about pricing and the on-sale date will not be available until late summer or early fall. As recently as Wednesday, June 22, Genesis’ website said the electric sedan
The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe
10:29 PM ET Associated Press NORWALK, Ohio — Top Fuel points leader Brittany Force broke both ends of the Summit Racing Equipment Motorsports Park track record Friday night to open qualifying for the Summit Racing Equipment NHRA Nationals. In the final pair of the second session, Force had a 3.666-second run at 333.08 mph, the
As Volkswagen begins U.S. production of the ID4 compact crossover, two experienced, high-profile executives who helped guide the rollout of the brand’s electric vehicle transition on the continent have departed the automaker for high-tech startups. Matt Renna, 36, previously VW Group of America’s vice president for e-mobility — and a 2020 Automotive News Rising Star
The Celesitq flagship electric sedan will sit at the top of the Cadillac range once it debuts, but according to a recent report, we underestimated how much it’s going to cost. Earlier rumors suggested a price range starting at around $90,000 for a base Luxury line model, while the top Platinum trim would start at
PARIS — Stellantis has taken a $52 million equity investment in Vulcan Energy Resources, an Australian-German startup that plans to mine lithium, a key element in electric car batteries, with zero greenhouse gas emissions. The investment gives Stellantis an 8 percent stake in Vulcan, making it the second-largest shareholder, and will be used to expand the miner’s efforts in the
After spending a week with the 2022 Hyundai Kona N, we deemed it more than just a hot hatch. We called it a wild child. The performance version of an economy SUV has a frisky character that can go too far to high-strung. It may not be for everyone, but it’s a lot of fun.
A brand new Ranger Rover being transported through Paramus, New Jersey, fell off the back of a car carrier on Thursday morning. In the ensuing chaos, a Honda Accord was hit causing an injury, says photographer Boyd A. Loving who was at the scene. The crash occurred on Route 17 under the West Midland Avenue
SAN JOSE, Calif. — The Volkswagen showroom that shares a home with Del Grande Dealer Group’s headquarters features a mural of surfers in nearby Santa Cruz, hand-painted columns by a local artist and classic VW Beetle and microvan models with their beachy, Northern California vibe. But don’t be fooled by the casual atmosphere. Like its
In this article VOW3-DE TSLA 7203.T-JP Toyota’s bZ4X electric sport utility vehicle photographed in Chiba Prefecture, Japan, on Feb. 24, 2022. The Japanese automotive giant has issued a safety recall related to the bZ4X’s wheels. Kiyoshi Ota | Bloomberg | Getty Images Japanese automotive giant Toyota issued a safety recall for more than 2,000 of
1:57 PM ET Austin LindbergESPN FC Tiny cameras mounted within drivers’ helmets are bringing fans closer to the action than ever before. Simon Galloway/Formula E There are so many sensations that fans miss out on when they watch a race on television. They don’t see just how dramatic elevation changes are, they don’t scrunch up their
As Volkswagen begins U.S. production of the ID4 compact crossover, two experienced, high-profile executives who helped guide the rollout of the brand’s electric vehicle transition on the continent have departed the automaker for high-tech startups. Matt Renna, 36, previously VW Group of America’s vice president for e-mobility — and a 2020 Automotive News Rising Star
By Maria Merano Posted on June 23, 2022 Tesla Enhanced Autopilot is available in the United States and China. In the United States, Enhanced Autopilot costs $6,000. Meanwhile, in China, Enhanced Autopilot costs RMB ¥32,000 ($4,779). The features included in Enhanced Autopilot are Navigate on Autopilot, Auto Lane Change, Autopark, Summon, and Smart Summon. Earlier
BRUSSELS — Italy, Portugal, Slovakia, Bulgaria and Romania want to delay a European Union plan to effectively ban the sale of new gasoline and diesel cars starting in 2035 by five years, according to a document seen by Reuters. The policy is a key pillar of the EU’s plans to tackle rising transport emissions and
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