General Motors was busy this week with the reveal of two electric vehicles based on the flexible Ultium platform. The first was the 2024 Chevrolet Blazer EV which arrives next year priced from $44,995 and offering up to 557 hp. Cadillac Celestiq concept The second was Cadillac’s Celestiq flagship. It’s a big hatch with hand-built
Month: July 2022
Volkswagen veteran Oliver Blume, who will succeed Herbert Diess as VW Group on Sept. 1, has worked at the multibrand automaker for his whole career. Born in Braunschweig, Germany, near VW’s Wolfsburg headquarters, Blume, 54, joined Audi’s international trainee program in 1994 after studying mechanical engineering at university. He specialized in production planning and earned
Ahead of Porsche’s landmark potential listing later this year, the firm is letting investors know its EVs will be very profitable in the long run. The Stuttgart manufacturer believes consumers are open to paying more for battery tech and plans to leverage their willingness to its advantage. Currently, Porsche believes its EV profits will reach
A woman has been arrested in Georgia for leaving a trail of devastation with her Inifniti SUV while trying to avoid arrest. Police were initially alerted to the woman’s reckless driving by a member of the public who claimed her Infiniti QX56 was veering into the opposing lane on the approach to Byron, almost hitting
Herbert Diess took over at Volkswagen Groupfour years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW executive offered a new vision. Prominent among them, Diess’s effort to create a Germany-centered software business, CARIAD, within Volkswagen, and a promised stock market listing
In this article VOW’-IT Herbert Diess, CEO of Volkswagen Sean Gallup | Getty Volkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen subsidiary Porsche, will succeed Diess as of Sept. 1. The automaker didn’t provide a reason for Diess’ departure.
1:17 AM ET Associated Press SONOMA, Calif. — Leah Pruett led Top Fuel qualifying Friday night in the Denso NHRA Sonoma Nationals at Sonoma Raceway. Coming off a victory last week in Colorado, Pruett had a 3.689-second run at 327.59 mph in her Tony Stewart Racing dragster during the lone qualifying session of the day.
FREMONT, Calif. — Amazon-owned self-driving tech developer Zoox is getting ready to join a field of companies carrying passengers in autonomous vehicles. While the company isn’t saying when it will begin commercial operations — “soon,” says a co-founder — it may be the first to design and deploy a bespoke robotaxi for operations on U.S.
STOCKHOLM — Autoliv’s second-quarter adjusted operating profit fell 25 percent to $124 million. Earnings were hit by lockdowns in China, raw material cost increases, currency movements and volatile car production, the Swedish supplier of airbags and seat belts said in a statement on Friday. Quarterly revenue rose 2.9 percent to $2.08 billion, helped by a
By Joey Klender Posted on July 22, 2022 Volkswagen AG CEO Herert Diess has reportedly informed the company that he plans to leave at the end of August, a new report from German media outlet n-tv said. Volkswagen’s board reportedly has agreed with Diess in terms of the departure, the report suggests. In the short
Dramatic footage has captured the moment when a white Dodge Challenger SRT Hellcat crashed heavily on the new Sixth Street Viaduct bridge in Los Angeles. Vision shows the driver of the Dodge performing a smoky burnout in the center of the bridge, despite the fact that there were lots of other cars on the other
Automotive mirror supplier Gentex Corp. said Friday that ongoing component shortages and reduced light-vehicle production led to lower second-quarter profits, but also touted a sales increase compared with 2021. The Zeeland, Mich., company, which primarily produces automatic-dimming rearview mirror and camera-based driver-assistance systems, said net income decreased 16.3 percent to $72.4 million. Gentex’s earnings are
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Mixed earnings signals on consumer strength 2. Social media stocks get slammed 3. Get ready for the most important week of earnings season 1. Mixed earnings signals on consumer
5:51 PM ET Associated Press NEWTON, Iowa — IndyCar champion Alex Palou insisted Friday he wasn’t lying last month when he told The Associated Press he was happy driving for Chip Ganassi Racing, wasn’t talking to any other teams, and was set to return to the No. 10 next season. Well, something dramatically changed in
What kind of vehicle is the 2023 Chevrolet Malibu? What does it compare to? The 2023 Chevrolet Malibu is the last Detroit-badged mid-size sedan. Shop it against the Toyota Camry and Honda Accord as well as the Subaru Legacy and Kia K5. Is the 2023 Chevrolet Malibu a good car? Review continues below It’s good
Automakers are forming contingency plans for potential work stoppages at West Coast ports even as talks continue between the Pacific Maritime Association and the International Longshore and Warehouse Union to replace an expired labor contract. The ports, especially those in Long Beach and Los Angeles, are crucial shipping hubs for the U.S. auto industry. The
The Ford F-150 Raptor once again has a V-8 option, Cadillac previewed its future flagship EV, and we spotted the Chevy Corvette E-Ray. It’s the Week in Reverse, right here at Motor Authority. The 2023 Ford F-150 Raptor R debuted with a 700-hp supercharged V-8 engine under its hood. The cost? A very dear $109,145.
With a supercharged V8 nabbed from the Mustang GT500, the “R” is a worthy competitor to super trucks like the RAM TRX. Technical Director Frank Markus gets a first look. Read more about the 2023 Ford Raptor R right here. ➡️ https://bit.ly/3Ol4DRo MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive
FRANKFURT — Volkswagen Group CEO Herbert Diess is stepping down and will be succeeded by Porsche boss Oliver Blume. Diess is resigning “by mutual agreement,” VW said on Friday. Blume will continue his role as the head of the Porsche brand, flanked by VW’s current Chief Financial Officer Arno Antlitz, who will assume the position
The Florida Highway Patrol has released footage of a traffic stop between one of its troopers and Flagler County Commission Chairman Joe Mullins. The video was recorded on June 19 on Interstate 95 and documents obtained by People show that the chairman was driving at 92 mph (148 km/h) in a 70 mph (113 km/h)
Lithia Motors Inc., which outsold AutoNation Inc. for the first three months of 2022, did so again in the second quarter, making it the nation’s largest new-vehicle retailer through the first half and putting Lithia closer to overtaking longtime No. 1 AutoNation for a full year. Lithia reported Wednesday that it sold 68,752 new vehicles
When I’m planning on an afternoon at the park and want to bring some extra power with me, I opt for a smaller portable power station. But when I want to know that I’ve got a huge amount of capacity for powering large devices or holing up after a storm, I want one of the
In this article GM The Cadillac Celestiq show car previews an upcoming electric sedan for General Motors. GM DETROIT – General Motors on Friday previewed what its most expensive Cadillac ever will look like as the automaker attempts to redefine the quintessential American luxury brand into an electric vehicle leader. The Detroit automaker unveiled a
6:20 PM ET One team is stalling on Lewis Hamilton’s diversity charter for Formula One, the seven-times world champion revealed on Thursday. The Mercedes driver would not name the team. “We are very close to getting this diversity inclusion charter going and I think it’s still one team, still the same team, is not willing
What kind of car is the 2023 Subaru Crosstrek? What does it compare to? The Crosstrek is a small crossover with five seats that is essentially a raised version of the related Impreza hatchback. It rivals the Honda HR-V, Kia Seltos, and Jeep Renegade. [embedded content] Is the 2023 Subaru Crosstrek a good car? Review
Baidu unveiled a new version of its self-driving robotaxi that it says costs nearly half as much to make as the previous model, opening the opportunity for cheaper travel. Apollo RT6 robotaxis are set to be mass-produced at a cost of 250,000 yuan ($37,000) per unit, the Chinese search-engine giant said on Thursday. Baidu aims
A biker from Brazil had a near-death experience when his head ended up under the wheels of a bus. Thankfully, the man was wearing a helmet which proved to be life-saving in combination with the great reflexes of the bus driver. The incident was caught on a safety camera and the footage ended up on
After multiple price hikes that pushed Tesla’s bestselling Model Y above $65,000 for the base version, CEO Elon Musk said the automaker’s overall pricing is “at embarrassing levels” and blamed supply chain shocks and overwhelming demand for the steady march upward. “We’ve raised our prices quite a few times,” Musk said on the company’s second-quarter
Tesla, the world’s largest electric car manufacturer, in its latest quarterly report shows updated installed capacity info of four of its plants. As it turns out, the company has the potential to produce 2 million electric cars annually (excluding further upgrades), compared to more than 1 million in the previous report. That’s over an 80
Jim Watson | AFP | Getty Images It’s no secret that used-car prices have skyrocketed over the last two years amid an industry turned upside down by supply-chain issues and reduced new-car inventory. But how much extra are consumers paying? An average of $10,046 more — 43% — than if typical depreciation expectations were in
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