Elon Musk on Monday mocked Twitter Inc.’s threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts. The series of tweets on Monday was the Tesla Inc. CEO’s first public response since he made public
Month: July 2022
In this article XPEV 9868-HK XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics. Qilai Shen | Bloomberg | Getty Images XPeng Robotics, the affiliate company of Chinese electric carmaker XPeng, on Tuesday said it raised $100
By Maria Merano Posted on July 11, 2022 Twitter responded to Elon Musk’s letter, which outlined the reasons for terminating his $44 billion deal with the social media company. Twitter claims Musk’s decision to break off the merger agreement is “invalid and wrongful.” “Mr. Musk’s and the other Musk Parties’ purported termination is invalid and
Mercedes-Benz sold 16 percent fewer cars during the second quarter as COVID-19-related lockdowns in China and a prolonged shortage of semiconductors continued to weigh on production. Deliveries in China, the world’s largest car market, declined 25 percent, while sales in Europe fell 10 percent and North America saw a dip of 3 percent in the
A pregnant woman in Texas says she will fight a $215 fine she received after driving alone in a carpool lane. Why? Because she is 34 weeks pregnant and claims this should allow her to use the carpool lane. The incident occurred on June 29 when 34-year-old Brandy Bottone was driving on U.S. Highway 75
Elon Musk on Monday mocked Twitter Inc.’s threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts. The series of tweets on Monday was the Tesla Inc. CEO’s first public response since he made public
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle startup Rivian Automotive is planning layoffs that could trim its workforce by about 5% after the company grew too quickly in some areas, Bloomberg reported
Volkswagen Group in February announced it was considering spinning off Porsche to help raise funds for investment in the key areas of electric vehicles, self-driving technology, and software development. A lot has changed since then. There’s the ongoing war in Ukraine, worldwide political strife, raging inflation, rising interest rates, an energy crisis, and stock markets
Touring various electric bike factories has been a fascinating experience for me over the years. It’s a chance to look behind the curtain and see how the sausage is made, so to speak. And with bicycles being one of the great equalizers, it is interesting to see each culture’s take on the handy vehicles. I’ve
5:38 PM ET Carlos Sainz went from first time Formula One winner to non-finisher in the space of a week on Sunday after his Ferrari engine blew just as he was set for second-place at the Austrian Grand Prix. Sainz said he was unhappy with the speed of the rescue vehicles as his car burst
What kind of vehicle is the 2023 Land Rover Range Rover Velar? What does it compare to? The Range Rover Velar is a five-seat crossover SUV that blends SUV styling and at least a dose of Land Rover off-road ability with impressive road manners. Shop it against the Audi Q5, Porsche Macan, and Volvo XC60.
LAKEWOOD, Colo. — When they first came together during a college competition at the University of Wisconsin, three friends eschewed the school’s three decades of internal combustion racing history and instead formed its first electric racing team. Their inexperience was no hindrance. “We threw ourselves into the deep end,” said Max Liben. “It was, ‘All
MEXICO CITY — Continental will invest $40 million to build a hydraulic hose plant in the central Mexican state of San Luis Potosi, the company said in a statement. The plant, which is set to open in 2024 and hire around 150 people, will also produce braided and spiral wire components and help supply chain
One of the world’s most expensive Ferrari models, the one-off 250 SWB Breadvan, was badly damaged at the Le Mans Classic over the weekend. The eye-catching 250 SWB Breadvan is thought to be worth upwards of $30 million and a video of the aftermath shows that it suffered extensive damage in the incident. Fortunately, the
North America’s auto industry is already weary from two years of supply chain troubles and pipeline interruptions on parts and vehicles. But things could now get a bit worse. The labor contract between the Pacific Maritime Association and the International Longshore and Warehouse Union expired July 1, and that could squeeze inbound inventories even tighter.
Northvolt announced earlier this month the signing of a $1.1 billion convertible note to finance its expansion of EV battery cell and cathode material production in Europe. Among the investors once again we can see the Volkswagen Group, but the list is pretty long: “AMF, AP funds 1-4 (via the co-owned company 4 to 1
2:46 PM ET SPIELBERG, Austria — Mercedes boss Toto Wolff believes life bans should be handed out to “brainless” abusive fans after a number of incidents among attendees at the Red Bull Ring overshadowed the Austrian Grand Prix. Multiple accounts of homophobic, racist or sexist abuse were shared on social media by fans in the
Doug Newcomb has joined Automotive News as a mobility reporter covering technology and trends reshaping transportation. Newcomb, 60, has a wealth of experience in the connected-car and mobility realms. He is based in Hood River, Ore., and has been reporting on car technology since 1988. His work has appeared in Wired, Automobile and WardsAuto and
Suzuki was kind enough to lend us its flagship – the Across PHEV. If the SUV looks familiar it’s because it is the result of Suzuki’s collaboration with Toyota, essentially being a rebadged RAV4 Prime / PHEV. We have already driven the latter but were intrigued by the quirkiness of its clone so we were
Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for in the Entrepreneur category is Florian Petit, who is founder of lidar specialist Blickfeld. For his full profile click here. The 2022 Rising Stars winners will be honored in Prague
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The freshened 2022 Jeep Compass, enhanced with a redesigned interior and a new infotainment system, made its debut last July by ascending a hill on the brand’s obstacle course at the Chicago Auto Show. A year later, it’s still climbing. After the compact crossover battled through slowed production in 2021, U.S. sales are picking up.
In this article F Ford’s first real attempt at an electric vehicle has been quite a hit with critics. The Mustang Mach-E replaced the Tesla Model 3 as Consumer Reports’ Top Pick in February 2022. It was named the Top Car in the Automobile Association of America (AAA) Car Guide in May. Car and Driver
Audi never sold the third-generation S6 Avant in the U.S., which led some people to build their own. One of those S6 Avant clones is now up for sale on Cars & Bids. This wagon is a 2006 Audi A6 Avant with the powertrain from a 2008 Audi S6 sedan, according to the listing. Recall
By Johnna Crider Posted on July 9, 2022 Tesla’s Full Self-Driving (FSD) Beta quickly reacted to a pedestrian exiting their car. In a video posted by @WholeMarsBlog, you can see the pedestrian on the right side as they opened the door and stepped out of the car. Tesla’s FSD Beta was quick to respond and
6:33 AM ET SPIELBERG, Austria — Formula One will discuss “unacceptable” reports of fan harassment with the organisers of the Austrian Grand Prix. On Friday and Saturday numerous fans took to social media to report racist, homophobic and sexist abuse aimed in their direction at the event. The behaviour of the fans at the Red
What kind of vehicle is the 2023 Hyundai Santa Fe? What does it compare to? A mid-size crossover SUV, the 2023 Santa Fe can seat up to five people, and spans a gamut of performance from frugal 4-cylinder power to efficient plug-in driving. With plain base versions and a ritzy Calligraphy edition, it rivals the
A $60 million project that will feature garage condominiums along a 2.2-mile European-design driving circuit is getting underway in Michigan. The developer of an “automotive country club” called Motorsports Gateway Howell says 75 percent of the 92 garage condos are reserved and that it aims to have the track ready for members to drive on
British International Investment and Mahindra will each invest up to $250 million in the automaker’s new electric vehicle unit, as Mahindra aims to lead sales of electric SUVs in the country. BII will have a 4.8 percent ownership in the business, which will focus on electric passenger vehicles. The unit, with a $9.1 billion valuation,
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