Volkswagen Group is bracing to pay higher prices for commodities as improving supply of semiconductors allows the automakers to increase production and start delivering cars to waiting customers. Sales have already ticked up “noticeably” in recent weeks as more chips have become available, VW said Thursday. With stockpiles of more cheaply sourced materials dwindling, restocking
Month: July 2022
This isn’t the first time we’ve reported that SONDORS is ready to deliver its Metacycle electric motorcycle to pre-order customers. But to be fair, it’s not the first time the Southern California-based company has said it was ready for deliveries. But now with photos of Metacycles purportedly in SONDORS’ domestic logistics facilities, the first bikes
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A handful of Jaguar and Land Rover stunt cars from the James Bond film “No Time To Die” will be auctioned off by Christie’s in London on September 28, with some of the sales benefiting charity causes. The lots include a Land Rover Defender 110 used during an off-road chase scene. One of 10 Defenders
The all-new Toyota bZ4x is an important vehicle for the car manufacturer and while customer deliveries only recently started, one example has been listed up for sale through Copart after getting into an accident. This particular bZ4x is painted bright red and when it was on the road, certainly would have made quite a bold
EchoPark’s growing map Used-vehicle seller EchoPark, launched by Sonic Automotive in 2014 as a single store in the Denver market, has expanded to 50 outlets nationwide, including 3 locations that opened in the 2nd quarter. Sonic says EchoPark is on pace to reach 50% U.S. population coverage by the end of 2022 and 90% by
In this article F Jim Farley, Ford CEO Ford Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors
Van Horn Automotive Group has had a digital retailing presence since before the pandemic began in 2020, with the goal of selling vehicles to consumers entirely online. The group, with 19 dealerships in Wisconsin and Iowa, initially drew on its established brand name and called its offering Van Horn Direct. But the process turned out
2:50 PM ET Associated Press INDIANAPOLIS — Alexander Rossi snapped a 49-race losing streak that dated all the way back to the 2019 IndyCar season by winning at one of his favorite tracks. Rossi won Saturday on the road course at Indianapolis Motor Speedway, where his 2016 victory in the 100th running of the Indianapolis
What kind of vehicle is the 2023 Cadillac XT4? What does it compare to? The 2023 Cadillac XT4 is a small SUV that competes with the Audi Q3 and BMW X1. Is the 2023 Cadillac XT4 a good SUV? Review continues below The 2023 Cadillac XT4 does well overall, with good acceleration and a comfortable
With one conspicuous omission, everything and everyone that moves on San Francisco’s streets fall under the purview of Jeffrey Tumlin. The director of transportation for the San Francisco Municipal Transportation Agency is responsible for the city’s municipal railway, traffic engineering, bicycle and pedestrian safety, taxi regulations, accessibility and more. Yet Tumlin is a bystander with
Next.e.GO Mobile, a German maker of compact electric vehicles, is going public through a merger with a blank-check firm to create a company valued at $913 million, including debt. The deal will provide e.GO with about $285 million of proceeds, assuming investors do not redeem their shares, according to a statement Thursday, confirming a Bloomberg
The European passenger car market noted a significant 17% year-over-year decrease in June, mostly due to a limited supply of new cars, but there are also some other challenges ahead related to the general economy. Unfortunately, even the plug-in car segment was down. According to EV Volumes‘ data, shared by Jose Pontes, roughly 220,000 new
Retail technology giant Reynolds and Reynolds Co. on Friday acquired Proton Dealership IT, which offers dealerships cybersecurity and information technology products and services. Reynolds, a Dayton, Ohio-based dealership management system provider, did not disclose a transaction price. Leaders of the two companies said they began speaking about a potential acquisition in March. Reynolds’ deal to
Ford Motor (F) reported better-than-expected quarterly results after the closing bell Wednesday, and raised its dividend payout by 50%, helping send shares more than 6% higher in extended-hours trading. Total revenue of $40.2 billion exceeded the consensus estimate on FactSet of $36.87 billion. Adjusted EBIT (earnings before interest and taxes, or operating income) was $3.7
9:25 PM ET Associated Press KENT, Wash. — Top Fuel leader Brittany Force closed qualifying at Pacific Raceways on Saturday by taking the No. 1 position in the NHRA Northwest Nationals. The event winner last week in Sonoma, California, Force had a 3.753-second run at 327.35 mph for her fifth No. 1 of the season
By Johnna Crider Posted on July 30, 2022 Tesla and Drive.ai are top key players in the Intellgent Driving market according to a new Global Intellgent Driving Market report. The report gives an overview of the 2021 growth of Intellgent Driving and how that growth has significant changes from the previous year as our global
MILAN — Italy’s Alfa Romeo will work on a new large-size car in the United States to be launched in 2027, the brand’s head Jean-Philippe Imparato said on Friday, adding however the group had not yet decided where to manufacture it. Imparato said the step was key to tailoring the design for overseas markets, helping
The Mercedes-Benz Vision EQXX concept is a sleek electric sedan with an air-cooled battery pack, 900-volt electrical architecture, and real-world range of well over 600 miles. We drove it this week and found it to be a lot of fun behind the wheel. 2024 Maserati GranTurismo Folgore spy shots – Photo credit: S. Baldauf/SB-Medien A
SAN FRANCISCO — Rivian’s retro-futuristic R1T pickup remains scarce on the streets of the Bay Area, but some locals have discovered a cluster of the highly acclaimed electric truck by the San Francisco airport. There, in a commercial area near an Amazon warehouse, Rivian’s South San Francisco Service Center is chock-full of R1Ts coming in
Jim Farley, CEO of Club holding Ford Motor (F), was interviewed by “Mad Money” host Jim Cramer for Wednesday evening’s show. The chief executive discussed the automaker’s plans to manage the chip shortage, cost pressures and their initiatives to scale electric-vehicle production. The interview ran after Ford reported a solid quarter after the bell. 1.
2:46 PM ET INDIANAPOLIS — — Felix Rosenqvist continued to fight for his seat in the IndyCar Series with a pole-winning run on the road course at Indianapolis Motor Speedway. The Swede earned his second pole of the season with a run of 1 minute, 10.2265 seconds in Friday qualifying. It’s the second pole of
Aston Martin expects its finances to improve in the second half of 2022 after burning through tens of millions of pounds in cash earlier this year, it said, as easing supply chain snarls help boost deliveries of higher margin cars. Its positive free cash flow forecast comes as the automaker posted a bigger loss for
Long time Electrek readers will know that I leased a Chevy Bolt EV from 2017 until the pandemic and really loved that electric blue “Micro-SUV” EV; we’ve already taken a look at its younger sibling, the EUV with Super Cruise. But considering recent events GM has cleaned up the battery “issue” and lowered the price
Buckeye Honda has worked to overcome inventory shortages by creating an interactive research hub where online shoppers can get an up-close look at a vehicle even if it’s not in stock. The Lancaster, Ohio, dealership deployed a virtual configurator on its site this spring called izmoEmporio that lets users personalize new Honda models with accessories
Renault has said that there will be no sudden let up in the supply chain shortages that have dogged the autos industry. Sameer Al-doumy | Afp | Getty Images Renault’s CEO said Friday that there will be no sudden let up in the supply chain shortages that have dogged the autos industry, even as the
11:19 PM ET Associated Press KENT, Wash. — Steve Torrence led Top Fuel qualifying Friday in the Flav-R-Pac NHRA Northwest Nationals at Pacific Raceways. Torrence had a 3.819-second run at 321.50 mph in the NHRA’s first event at the track since 2019. The four-time defending series champion is winless this season. “We were very pleased
Stellantis’ state-owned Chinese partner accused the European company of disrespecting customers in the world’s biggest auto market in an escalation of a dispute over their failed Jeep venture. Guangzhou Automobile Group on Friday said comments Stellantis CEO Carlos Tavares made the previous day on how trust had broken down between the two companies over their
Bugatti’s 8.0-liter quad-turbocharged W-16 is unique in the automotive world, powering the Veyron and Chiron to production-car speed records. With the engine likely headed for extinction in the face of electrification, Bugatti recently recounted its development. The W-16 was the brainchild of former Volkswagen Group CEO Ferdinand Piëch. According to the official story, while riding
As the number of Rivian R1T pickup trucks delivered to customers across the US increases, we’re starting to see more videos caught by the vehicle’s Gear Guard Video system. Working similarly to Tesla’s Sentry Mode, Rivian’s Gear Guard uses the vehicle’s cameras to record a 360-degree view of the R1T when the owner is away. Gear
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