NXP Semiconductors, the second-biggest supplier of chips to the automotive industry, gave a strong forecast for the current quarter driven by demand for components used in light vehicles. Third-quarter revenue will be $3.35 billion to $3.5 billion, NXP said Monday in a statement. That compares with an average analyst estimate of $3.32 billion. Gross margin,
Month: July 2022
The auto industry has experienced declining sales growth in 2022. The semiconductor chip shortage, a key component in building many modern-day vehicles, is still a major challenge preventing the industry from scaling production to meet demand. Club holding Ford Motor (F) has no doubt been impacted. However, the automaker is still seeing gains and outperforming
Jul 23, 2022 Associated Press NEWTON, Iowa — Josef Newgarden extended the Team Penske dominance at Iowa Speedway, winning the first race of a weekend doubleheader Saturday for his fourth victory at the shortest track on the IndyCar schedule. Newgarden raced to his series-best fourth victory of the season and moved from fourth to second
What kind of car is the 2023 Audi A3? What does it compare to? The Audi A3 small sedan ratchets up the power in S3 and RS 3 performance models, but the base car competes with German rivals such as the BMW 2-Series and Mercedes-Benz A-Class, as well as the reborn Acura Integra. Is the
TOKYO – Hyundai Motor Group has mastered the highways and byways on land and has even founded a company to make electric air vehicles that will take to the sky. Now, Hyundai and Kia aim to “slip the surely bonds of earth.” The South Korean automakers said Wednesday they will collaborate with a group of
With the new Sport Classic, Porsche has introduced a particularly intriguing variant to its 911 line-up. Powering the 911 Sport Classic is the same 3.7-liter twin-turbocharged flat-six as the 911 Turbo and Turbo S models. However, grunt from this engine has been detuned to 542 hp and 442 lb-ft (600 Nm) of torque, which is
BERLIN — Mercedes-Benz expects a significant rise in revenues and slightly higher earnings in 2022 on the back of strong vehicle prices and model mix even as the company warned of economic turbulence due to Europe’s worsening energy crisis, high inflation and protracted supply-chain problems. The company on Wednesday raised its outlook after an 8
Tesla confirmed today that it expanded its own insurance based on real-time driver data to two more states, Utah and Maryland – now in 10 states or 11 if you count California, which has Tesla Insurance but not the real-time data version. Tesla Insurance expansion Tesla updated its website to note that its real-time data
A woman from Greece is likely the receiver of the most expensive parking ticket in the world, with the municipality of the island of Rhodes asking her to pay a breathtaking €6,648,444 ($6,740,657) for a parking-related offense. The incident was reported a few days ago by the local newspaper Rodiaki from Rhodes. The notice for
Compact car maker Mini revealed an electric crossover concept on Tuesday as the automaker plots a transformation into an all-electric brand by 2030. The Mini Concept Aceman hints at a future compact crossover that would slot below the line’s bestselling Countryman. A source said that the new model, jointly developed by Mini with Great Wall
In this article GM GM GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM General Motors reported second-quarter earnings Tuesday that missed Wall Street’s estimates
Jul 25, 2022 Associated Press DES MOINES, Iowa — Two-time IndyCar champion Josef Newgarden was released from a Des Moines hospital on Monday and returned to his Tennessee home, where he will wait for an evaluation to determine if he can race this weekend at Indianapolis Motor Speedway. Team Penske named Santino Ferrucci as its
Faraday Future has signaled it will need to raise more cash to start production of the FF91, an electric crossover that was first shown more than five years ago. In a regulatory filing issued on Monday, the electric-vehicle startup said it is in talks to raise cash to fund “production activities” through the end of
Fred and Dave find a trusty old Toyota in Louisiana and transform it into a Baja-influenced racing-style Ford. But they don’t stop there, and later they turn the Ranchota into a car-crushing monster truck! #dirteveryday #motortrend #monstertruck MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive research and news. Get a
Concept cars are quite often nothing more than fancy display models that can’t even move an inch under their own steam. The Mercedes-Benz Vision EQXX is very different. Mercedes-Benz unveiled the innovative EV at CES back in January. It won’t directly spawn a production variant but many of its technologies are anticipated to be used
BMW Group has promoted the former head of Mini Germany, Ulrike von Mirbach, to help lead the brand toward electrification as head of its Europe region. BMW has said that Mini will become an all-electric brand from the beginning of the 2030s. “I am convinced that Ulrike von Mirbach will successfully lead the Mini brand
Volkswagen Group’s decision to remove Herbert Diess from the position of Chairman of the Group Board of Management last week came as a surprise to many, but the signs that something was brewing at the top of the company were there for some time. Already stripped of key responsibilities in December 2021, Herbert Diess had
Sono Motors has debuted the production design of its Sion, a battery-electric crossover that uses solar cells to generate electricity and extend range. The Munich-based startup, which trades on the Nasdaq under SEV, pitches the Sion as “the world’s first affordable solar electric vehicle.” At a Munich event Monday, Sono also unveiled a solar kit
In this article BMW-DE VOW3-DE RACE-IT A Ferrari photographed in Switzerland on March 2, 2015. The Italian company plans to launch a fully electric vehicle in 2025. Harold Cunningham | Getty Images News | Getty Images The CEO of Ferrari on Tuesday moved to allay fears the firm’s upcoming electric offering will compromise on performance,
Jul 25, 2022 LE CASTELLET, France — The devastation was audible in Charles Leclerc’s voice as he screamed over team radio. His car was nose into the barriers at Turn 11; his championship chances were in pieces. What made it so difficult to bear was that this moment was on him. On a weekend when
What kind of vehicle is the 2023 Hyundai Sonata? What does it compare to? The 2023 Hyundai Sonata is a mid-size sedan that compares well with the Honda Accord, Toyota Camry, and Kia K5. [embedded content] Is the 2023 Hyundai Sonata a good car? Review continues below It’s a very nice one. All told, its
MILAN — Silk-FAW, a start-up of U.S. automotive engineering and design firm Silk EV and Chinese automaker FAW, said it would press ahead with a plan, worth over one billion euros ($1.02 billion), to build electrified cars in Italy. Silk-FAW will finalize the purchase of the land in the city of Reggio Emilia where the
By Joey Klender Posted on July 25, 2022 Tesla is close to opening its Supercharger network to other electric vehicles, which could help accelerate electric vehicle adoption in the United States. A new report from the Wall Street Journal reports Tesla is applying for federal funding to expand its Supercharger network, which is the largest EV
The driver of a Chevrolet Camaro SS in Las Vegas has been slapped with two speeding tickets in two minutes after he decided to have a little too much fun behind the wheel of the powerful muscle car. Jeffrey Hair was first stopped by North Las Vegas Police officer Alexander Cuevas on Friday, July 15
WASHINGTON — The U.S. Energy Department on Monday plans to announce it intends to loan a joint venture of General Motors and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing plants, officials told Reuters. The conditional commitment for the loan to Ultium Cells LLC for facilities in Ohio,
The busiest earnings week of the summer is here — oh, and the Federal Reserve will announce its latest decision on interest rates Wednesday afternoon as the U.S. central bank tries tame the hottest inflation in four decades. Don’t forget the first look at second-quarter gross domestic product Thursday morning. That’s when we find out
Dealership marketing company AutoWeb Inc., after this spring revealing doubts about its ability to continue as a going concern, said Monday it has agreed to be acquired by One Planet Group, a self-described hybrid technology firm led by one of AutoWeb’s founders. One Planet Group will pay AutoWeb shareholders 39 cents per share, according to
2:49 PM ET Denny Hamlin was stripped of his Pocono win on Sunday night after his Toyota Camry failed technical inspection. Logan Riely/Getty Images Next Gen car, Next Gen punishment. On Sunday evening, so soon after the finish of the 21st race of the 2022 NASCAR Cup Series season that the confetti was still stuck to
What kind of car is the 2022 Mercedes-Benz EQB? What does it compare to? The Mercedes-Benz EQB is a fully electric compact crossover that blends carlike driving attributes with the boxier look of traditional SUVs. Is the 2022 Mercedes EQB a good car? Review continues below With a boxy body that maximizes space; ride and
Picture this: A car that has been in your family for several generations is finally passed down to you. It has been fully restored and you can’t wait to drive it. But when you try to register the vehicle, the authorities tell you that during an inspection, the primary VIN has been removed and reattached,
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