A lot has changed since 1986. The Corvette has gone to a mid-engine layout, the Porsche 911 has been surrounded by a highly successful family, and Ferrari has an SUV coming. What hasn’t changed is the amount of vitriol that one man in Fort Wayne, Indiana, had for a dealer that he says sold him
Month: July 2022
Magna International Inc. reported a $156 million net loss in the second quarter as the diversified Canadian auto supplier grappled with higher commodities and energy costs and the impact of the Russian invasion of Ukraine. The net loss compares with second-quarter 2021 income of $424 million and comes despite a 3.6 percent year-over-year gain in
In this article TWTR “The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Twitter and Tesla CEO Elon Musk will go to trial starting on Oct. 17 in Delaware
6:34 PM ET Associated Press INDIANAPOLIS — IndyCar champion Alex Palou, who has contracts signed with two different race teams for 2023 and is being sued by Chip Ganassi Racing, declared Thursday: “I will be in the McLaren family next year.” The soap opera over Palou’s future continued with more twists and turns than the
What kind of vehicle is the 2023 Hyundai Tucson? What does it compare to? The Tucson five-seat crossover SUV squares off against other compact bestsellers, including the Toyota RAV4, Honda CR-V, Nissan Rogue, and Ford Escape. Is the 2023 Hyundai Tucson a good vehicle? Review continues below The latest Tucson earns a TCC rating of
By Johnna Crider Posted on July 28, 2022 Arcimoto CEO Mark Frohnmayer and I chatted about the new Mean Lean Machine Cybertrike. This is Part 2 and the final part of my interview with Mark. If you haven’t read Part 1, you can go back and read that here. Starting from where we left off,
As Porsche finalizes its plan to enter Formula One racing, leaked documents detail the sports-car maker’s plan to buy half of Red Bull Technology. The filing shows that Porsche petitioned Moroccan race authorities on July 8 regarding an impending 10-year deal with the F1 team. The notification outlined a 50 percent purchase of Red Bull
Police in Riverside, California have arrested a 32-year-old man after he led them on a chase in a stolen Amazon delivery van. The incident kicked off at approximately 5:15 p.m. on July 25 when authorities were notified of two home-invasion robberies at a mobile home park in the 2900 block of Atlanta Avenue. Before police
DETROIT — In a break from tradition, UAW President Ray Curry will not deliver a state of the union speech at the organization’s 38th constitutional convention, which is set to adjourn Thursday afternoon here. Curry’s speech, which was originally planned at the end of the convention’s first day, had already been delayed three times. “By
In this article AMZN RIVN Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors rotating out of risk in 2022 and selling off last year’s high-priced IPOs, Amazon has now taken paper
1:59 PM ET It wasn’t the Brickyard 400, but AJ Allmendinger still kissed the bricks after winning at Indianapolis last season. Stacy Revere/Getty Images The Brickyard is the Brickyard no longer. Yes, the race still has the word in the title — the Verizon 200 at the Brickyard. Indy is still Indy and Indy will always
What kind of car is the 2023 Hyundai Ioniq 5? What does it compare to? The Ioniq 5 five-door electric hatchback has more than 300 miles of battery range in its top model, pitting it against the Tesla Model Y, Volkswagen ID.4, and Ford Mustang Mach-E. Is the 2023 Hyundai Ioniq 5 a good car?
Volkswagen Group’s China unit, exploring concepts for future mobility services, unveiled a prototype of a full electric and automated drone at its headquarters in Beijing. The prototype, capable of vertical take-off and landing, has an X-shaped wing with a span of 10.6 meters. It features eight rotors for vertical lift and two propellers for horizontal
Rolls-Royce has provided an update on its first electric vehicle, the Spectre, which is due on sale in late 2023. The car is a big coupe that Rolls-Royce bills as the spiritual successor to the Phantom Coupe, and it’s set to introduce several firsts for the brands beyond just the powertrain. Prototypes are being put
Now that the US Senate has an agreement on the reform of the federal tax credit for electric vehicles, it looks like it might finally happen after roughly two years of work. Though it’s still pending a vote. But it does bring up an interesting question: Will it make EV sales crash until the end
Sales of plug-in hybrid vehicles are faltering in Europe, which has been their most important market to date, while demand is rising for for full-electric vehicles. As consumers turned away from diesel cars after Volkswagen’s diesel scandal and Europe’s lawmakers toughened emissions regulations, some automakers bet heavily on plug-in vehicles, which are powered by an
Sonic Automotive Inc. reported lower net income but higher revenue for the second quarter as new- and used-vehicle volume at its franchised dealerships and its EchoPark used-only stores dropped. Sonic’s net income tumbled 17 percent to $94.8 million, while revenue increased 9 percent to $3.65 billion, an all-time record, the Charlotte, N.C., retailer said Thursday.
In this article F TSLA An unknown automaker, VinFast, which was founded just a few years ago in Vietnam, is landing in the United States hoping to take on giants like Tesla. Its founder, Pham Nhat Vuong, made his first fortune in dried ramen noodles and has since become Vietnam’s richest person and owner of
Jul 27, 2022 Associated Press The fight over IndyCar champion Alex Palou is headed to court as Chip Ganassi Racing filed a lawsuit in Indiana against the Spanish driver who is attempting to leave the team at the end of the season. Palou is in his second season driving for Ganassi. The team owner said
What kind of car is the 2023 Chevrolet Colorado? What does it compare to? The Chevy Colorado is a mid-size pickup truck related to the GMC Canyon. It competes not just with the Nissan Frontier and Ford Ranger, but also smaller trucks such as the Ford Maverick and Hyundai Santa Cruz and full-size trucks such
Rivian Automotive announced it is reducing its workforce by 6 percent as part of a restructuring process aimed at better aligning its headcount with business priorities. Since the EV startup employs about 14,000 people, it means that some 840 of them will be laid off. That said, Rivian noted that employees at its plant in
TOKYO – Toyota is increasing overseas production to offset lower output at home in Japan. From January to June, the automaker built more cars overseas than it ever has during that period. And it capped the run by notching record overseas sales and production results for the month of June, as the automaker gradually recovers
When Tesla released the Model S it debuted a lot of cool features and technology that have spread across the automotive landscape. One of those features, over-the-air updates, allows the manufacturer to improve, and in some cases worsen a vehicle’s features. That’s what reportedly just took place when Tesla disabled some 80 miles (about 129
WASHINGTON — A breakthrough deal between U.S. Sens. Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles, according to people familiar with the matter, a big win for EV-makers like General Motors, Tesla Inc. and Toyota Motor Corp. The credit will be included in
Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry. Pony.ai BEIJING — Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry. Annual production is set to reach about 10,000
12:07 PM ET Darlington Raceway has signed Coastal Carolina quarterback Grayson McCall in the first lengthy name, image and likeness partnership between a NASCAR racetrack and a college football player. Atlanta Motor Speedway has done one-off social media promotions with a trio of Georgia football players to promote its most recent NASCAR Cup Series events,
WASHINGTON — The U.S. Senate on Wednesday passed a bill that, in part, will provide billions of dollars to boost domestic semiconductor production — an action long-awaited by the auto industry as it continues to navigate a global shortage of microchips. The bipartisan bill — known as the CHIPS and Science Act or “CHIPS-plus” —
Bentley won’t launch its first electric vehicle until 2026, a year later than originally planned, according to the brand’s CEO. In an interview with Automotive News (subscription required) published on Wednesday, Bentley CEO Adrian Hallmark said the EV has been delayed, but didn’t provide a reason. He however denied the delay was due to reported
By Simon Alvarez Posted on July 27, 2022 Tesla definitely seems to be coming back with a vengeance for the second half of 2022. Amidst reports that Gigafactory Shanghai is targeting an impressive output of 3k vehicles per day after its factory upgrades, Giga Berlin is also reportedly looking to achieve a somewhat similar milestone
Jaguar Land Rover reported a quarterly loss before tax of 524 million pounds ($632 million), compared with a loss of 110 million pounds a year earlier. Quarterly revenue fell 11 percent from a year earlier, mainly due to a weaker model mix, inflation and adverse currency movements. The prolonged semiconductor shortage, surging commodity prices and
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