Month: August 2022

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After losing nearly $1 billion in the first half of 2022, Carvana Co. will do more to cut expenses in the coming months, including possibly further reducing employee counts at the online used-vehicle retailer. That direction from company leaders comes after Carvana already worked on cost-cutting in its second quarter, notably announcing in May that
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Uber Freight outlined a broad vision of how robotic trucking will work, noting human drivers will continue to play a significant but changing role in cargo hauling. The division said in a Thursday blog post and accompanying white paper that autonomous trucking represents a solution to the persistent professional driver shortage and other supply chain
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Despite BMW just starting production in July, a M4 CSL has already been crashed. The accident, which was shared by user NoorJosef on Instagram, supposedly involved another car rear-ending the limited-run M4, though at the moment it’s unclear as to who’s at fault nor whether the vehicle was a prototype, a pre-production unit or one
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12:20 PM ET McLaren has told Daniel Ricciardo it intends to replace him with Formula 2 champion Oscar Piastri next season, a source close to the Australian driver has confirmed to ESPN. ESPN understands Ricciardo was informed of the decision by team boss Andreas Seidl after the Hungarian Grand Prix on Sunday evening and is
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What kind of car is the 2023 Buick Envision? What does it compare to? The Envision compact crossover SUV has a similar footprint as the Chevy Equinox but is as roomy as the Cadillac XT4 in GM’s crossover family. It competes with premium compact crossovers such as the Volvo XC60, Lincoln Corsair, and Lexus NX. 
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Lyft Inc. saw an earnings record and increased revenue in the second quarter amid news that the ride-hailing company laid off approximately 60 employees because of the discontinuation of its first party rental service. The San Francisco-based company said in its second-quarter earnings report Thursday that revenue rose 30 percent to $990.7 million, but income
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We have seen plenty of footage showing cars with autonomous tech testing on public roads but the latest video from DeepRoute.ai is quite impressive, highlighting the sophisticated nature of the production-ready Level 4 capable Driver 2.0 system. The driverless prototype was tested in the city of Shenzhen in China under heavy traffic conditions, showing how
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3:25 PM ET Associated Press NASHVILLE, Tenn. — One piece of IndyCar’s silly season fell into place Thursday when Rinus VeeKay announced a multi-year extension with Ed Carpenter Racing. The 21-year-old Dutchman said on Twitter he was staying in the No. 21 Chevrolet, and unlike recent contract dealings in both IndyCar and Formula One, this
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MOSCOW — Russian carmaker AvtoVAZ said on Thursday it would move production of the Lada Vesta small car to its main site in Togliatti from its Izhevsk assembly plant, in a move which should allow it to retain Togliatti’s 42,000-strong workforce. AvtoVAZ said the Izhevsk factory would switch to production of an electric version of
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