Volkswagen Group is sticking to a plan to list Porsche later this year as Europe’s biggest automaker looks to finance a costly shift toward electric vehicles. VW is going ahead with the initial public offering in the fourth quarter because the unit has proved resilient over the years to market disruptions including the recent supply-chain
Month: June 2022
The ‘Boaterhome’ is a weird vehicle that you may have never heard of but if you love getting out on the open water, it could be absolutely perfect. Just 21 examples of the Boaterhome were built in the 1980s. The vehicle combines a Ford Econoline van with a large 28-foot boat and can be driven
Getty Images Ford has chosen a plant in Valencia to build its next generation electric vehicles in Europe, as the company reorganises its operations. The US automaker selected the site over a rival facility in Saarlouis, Germany. The company plans to only sell electric cars in Europe by 2030, ahead of a planned EU ban
Bruton Smith, a longtime car dealer and pioneer in public automotive retail, as well as NASCAR hall-of-famer, racetrack owner and philanthropist, died on Wednesday. He was 95 and died of natural causes, according to Sonic Automotive Inc., the public dealership group he founded. Smith launched Sonic Automotive of Charlotte, N.C., as a public company in November
Elon Musk says that he is considering Tesla ads, which are against the company’s current marketing policy, to counter what Musk perceives as media bias against Tesla. For years, Tesla CEO Elon Musk has famously said that he despises advertising. He said that Tesla doesn’t pay or provide discounts for celebrities to drive its cars
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters The founder of electric-truck start-up Nikola Motors, already under indictment for fraud, is facing a new charge
8:22 AM ET Valtteri Bottas almost walked away from Mercedes and Formula One at the end of 2018 after falling into a “dark place” at his failure to challenge Lewis Hamilton for the championship. When Nico Rosberg retired after winning title in 2016, Bottas was the man drafted in to replace him, but he struggled
FedEx Corp has 150 BrightDrop zero-emissions delivery trucks rolling on Los Angeles streets and highways as it transitions from EV testing to adoption. The partnership with BrightDrop, an 18-month-old General Motors subsidiary, advances FedEx toward its goal of making 100 percent of its pickup and delivery fleet vehicle purchases electric by 2030. “You start off
Roadkill has always been dedicated to the artistry, styling, and raw beauty of all things burnout related. David Freiburger and Mike Finnegan have long considered themselves masters of “burnout-ology,” yet they have never actually entered a burnout competition…until now. Armed with a rusted out ’76 Camaro, they enter the burnout competition at the Spring Break
Volkswagen Group CEO Herbert Diess warned that the shift away from Russian energy isn’t happening fast enough to shield the German automaker from a sudden stop in natural-gas deliveries. VW will keep the ability to run its power plants with coal instead of gas because of Germany’s reliance on Russian imports, Diess said in an
Volkswagen has been spotted testing a prototype for an updated version of its Touareg mid-size SUV. The Touareg disappeared from U.S. shores after 2017, prior to this third-generation model being launched. The SUV is now about to receive an update which should be revealed in early 2023, and no, it isn’t returning to these shores.
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Toyota Motor Corp on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continued to curb output. The world’s largest car maker by volume expects to make 800,000 vehicles next month, it said in a statement. “As it remains difficult to look ahead due to the
General Motors’ flagship electric truck plant in Detroit will idle for four weeks starting June 27 to prepare for a production expansion. The downtime of the Factory Zero electric truck plant, which currently builds the GMC Hummer EV pickup, was confirmed to Automotive News by GM spokesman Dan Flores. He said that GM scheduled downtime at
Supply chain disruptions are still rippling across the globe, and the head of the world’s largest truckmaker has warned that shortages of parts are slowing the production of thousands of its vehicles. Daimler Truck CEO Martin Daum told CNBC Wednesday that the current supply chain squeeze is among the worst he’s seen in his more
Cars.com revealed on Tuesday its annual American-Made Index for 2022, which ranks vehicles by how American-made they really are. According to the index, based on data collected in April and May, 95 of the 379 automobiles produced in the U.S. auto market made the independent ranking. The ranking considered manufacturing employment compared to automakers’ footprint,
BERLIN — Germany’s government will not agree to European Union plans to effectively ban the sale of new cars with combustion engines from 2035, Finance Minister Christian Lindner said. In its bid to cut planet-warming emissions by 55 percent by 2030 from 1990 levels, the European Commission has proposed a 100 percent reduction in CO2
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Matt VanDyke, a longtime Ford Motor Co. marketing executive who last year became CEO of the company’s FordDirect joint venture with dealers, is leaving the automaker to become president of Shift Digital, a digital marketing vendor. VanDyke will assume the new role June 28. “Consumer purchasing habits are dramatically changing as more individuals embrace the
By Joey Klender Posted on June 21, 2022 Tesla (NASDAQ: TSLA) stock spiked nearly 12 percent on Tuesday during trading hours as CEO Elon Musk commented on the automaker’s substantial demand and growing order log for its products. Tesla was not the only EV stock to bounce back from a troublesome few months due to
10:18 AM ET Ferrari driver Charles Leclerc says he is not worried about Max Verstappen’s 49-point lead over him in the championship after nine races. Red Bull has won the last six races in a row, with Verstappen taking five victories and his teammate Sergio Perez, who is second in the championship and three points
What kind of car is the 2023 Honda HR-V? What does it compare to? The Honda HR-V epitomizes the crossover segment by straddling the style difference between a hatchback and SUV, while prioritizing affordability. The small crossover competes against the Volkswagen Taos, Subaru Crosstrek, and Hyundai Venue. Is the 2023 Honda HR-V a good car?
This installment of the Roadkill Extra engine-building series gets a bit theoretical: What is compression ratio, how does it affect engine performance, and how can it be altered? But it’s also very practical, as David Freiburger explains every detail you need to understand in order to use a compression-ratio calculator. Tune in and tune up!
China’s shipments of cars rebounded in May, with electric vehicle exports more than doubling, as COVID-19 lockdowns gradually ended. Automakers in China shipped $1.2 billion worth of electric passenger vehicles, up 122 percent from a year earlier and almost triple the level in April, when car factories in Changchun and Shanghai such as those run
It’s been 25 years since Subaru, with the aid of Prodrive, entered the first Impreza WRC rally car in the World Rally Championship, and to mark the anniversary Prodrive has come up with something special. The British motorsports and engineering company has developed a modern interpretation of the iconic Impreza 22B STI launched by Subaru
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Maryann Keller, one of the first women on Wall Street to cover the auto industry and later a widely respected consultant who became a formidable critic of management at Detroit’s automakers, died on Thursday, June 16. She was 78. The Office of the Chief Medical Examiner of Connecticut confirmed her death. Keller, routinely the No.
In this article TSLA Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk has sought to clarify how many Tesla workers will lose their jobs, following the launch of a lawsuit by former employees who claim the automaker breached U.S. labor laws. Speaking at an event hosted by Bloomberg Tuesday, Musk
Chinese manufacturer Bafang is a titan of the electric bike motor industry, and thus news swirling around the company generally trends toward new motor announcements. But the latest headline-grabbing product unveiling from Bafang isn’t a motor at all, but rather an internally geared hub designed to provide automatic shifting on both electric and non-electric bikes.
11:26 AM ET MONTREAL — Max Verstappen looks unstoppable at the moment. The reigning world champion has won six of the seven races he has finished this year. At Sunday’s Canadian Grand Prix, he was made to work for victory right until the line, with Ferrari’s Carlos Sainz chasing him close for 15 laps at
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