Shares in Porsche fell below their initial public offering, as interest in the sports-car maker was not enough to offset an overall downturn in European automotive stocks. On Monday, the third day of trading since Porsche’s $72 billion listing by parent company Volkswagen Group, the share price was 81 euros, down from the IPO pricing of
Month: October 2022
Lexus, one of the most prominent brand backers of the first “Black Panther” movie, is back for the seque — this time using the movie to plug an electric vehicle. The campaign, called “An Electric Future,” features the 2023 Lexus RZ 450e, the Toyota-owned luxury brand’s first battery electric vehicle. A 90-second ad features members
4:34 AM ET Sergio Perez’s Singapore Grand Prix victory was “world class” and his best drive yet in Formula One, Red Bull team boss Christian Horner said on Sunday. The race ended with Perez subject to a stewards’ investigation for possible safety car infringements, but with the eventual five-second time penalty making no difference to
Antwanette Hill was a Platinum member of Hertz’s Gold Club Loyalty program when she hopped into a rental car in October of 2018. An employee thought she was stealing the car and subsequently called the police. Since then she’s been arrested four times over the incident and spent weeks in jail. Now, she’s suing the
Lithia Motors Inc. has added former Toyota Motor North America CEO Jim Lentz to its board of directors, expanding it from seven to eight members. The dealership group’s board elected Lentz to fill a vacancy created by an expansion from seven to eight directors on Sept. 30, according to a document filed with the Securities
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric vehicle maker Rivian Automotive said Monday that it
There have been many racing homologation specials over the years, but few as extreme as the Mercedes-Benz CLK GTR. DK Engineering put together detailed videos showing just how much this barely tamed racer differs from the standard CLK, which was roughly equivalent to today’s E-Class Coupe in the Mercedes lineup of the time. The CLK
By Eric Ralph Posted on October 2, 2022 Firefly Aerospace’s Alpha rocket has successfully reached orbit on its second try, cementing the company as the victor of a mostly unintentional race between three American NewSpace startups. After weeks of delays and three aborted launch attempts on September 11th, 12th, and 30th, the second carbon-fiber Alpha
Electric automaker Polestar‘s first crossover is on deck with a planned unveiling Oct. 12 in Copenhagen, Denmark. The 2024 Polestar 3, built on a new all-electric platform developed by affiliate Volvo, has dual motors and an expected EPA range of more than 300 miles (480 km). “With this car, we bring the ‘sport’ back to
8:03 AM ET Red Bull boss Christian Horner is confident his team did not break Formula One’s budget cap last year. Horner was furious over accusations, ahead of Sunday’s Singapore Grand Prix, that Red Bull breached last year’s $145 million cap, which would lead to sanctions against his team if true. 1 Related On Wednesday,
Barn finds usually occur in remote places but sometimes classic vehicles can be abandoned in city centers. This is what happened in Athens, Greece with a classic Mini Cooper and a Yamaha motorcycle being recovered from a hotel parking lot more than three decades after the owner left them there. All those years of exposure
DETROIT — Jeep provided a glimpse into its electrification plans during the Detroit auto show with previews of the Wrangler-inspired Recon off-roader and the sleek Wagoneer S that will expand its line of upscale utility options. These vehicles are part of an ambitious battery-electric vehicle launch schedule looming for Jeep parent Stellantis, the product of
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a
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Zhejiang Geely Holding Group said it had taken a 7.6 percent stake in Aston Martin. The purchase is another move by Li Shufu, Geely’s billionaire owner, to expand his automobile empire. Geely also owns Volvo and Lotus Cars and has a stake in Daimler. “We look forward to exploring potential opportunities to engage and collaborate
How should we think of certified pre-owned vehicles? Are these used vehicles, new vehicles, or should we stick to calling them “like-new”? Regardless of how we classify certified vehicles, we treat them like a different product. How we market, advertise, label and sell these vehicles proves that. Exiting the Great Recession, sales of certified pre-owned
5:25 PM ET SINGAPORE — Max Verstappen said he took “zero” enjoyment from Sunday’s Singapore Grand Prix after he found himself struggling to carve through the field. Verstappen’s weekend went awry in qualifying when he was forced to abort a lap that was comfortably fast enough for pole position due to a lack of fuel
Mustang drivers have a reputation for not being able to properly control their ponies. That notoriety comes in large part thanks to many accidents happening in front of cameras at the end of automotive events. One such incident where a Mustang driver plowed into a classic C10 pickup truck proves that some of these accidents
Costco Auto Program aims to partner with automakers to offer more promotions on used vehicles as new-vehicle availability remains limited. For years, retailer Costco’s auto program has worked with several automakers to offer incentives on new cars and trucks to Costco members through a network of more than 3,000 participating franchised dealerships. In August and
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images Electric vehicle makers Tesla just posted third-quarter vehicle production and delivery numbers
Ford has filed a patent application for an external airbag that would deploy from behind a vehicle’s grille during collisions. Filed with the United States Patent and Trademark Office (USPTO) on Mar. 1, 2021, and published Sept. 1, the application describes an airbag system similar to the ones already mandated in the U.S. for vehicle
French automaker Citroën is expected to launch an all-electric version of its C3 hatchback within the next year or so. Laurent Barria, a Citroën branding executive, confirmed an electric C3 is in development. He stated that the upcoming C3 will have a strong emphasis on “accessibility to electric mobility” and will feature plenty of sustainable
After reversing a decision to quit Europe, Mitsubishi Motors now believes it can rebuild its vehicle sales in the region to close to pre-pandemic figures with the help of alliance partner Renault. Mitsubishi targets annual sales of 130,000 in Europe by 2024, the automaker’s European head, Frank Krol told Automotive News Europe, giving the automaker
Kentucky’s governor celebrated the upcoming redesign of Ford Motor Co.’s Super Duty pickups by adding an “R” to the state’s name for a day. “Kentuckians have been building Ford trucks since the Model T, and we are thrilled this tradition is going to continue with the all-new Ford F-Series Super Duty,” Gov. Andy Beshear said
6:04 AM ET SINGAPORE — George Russell will start the Singapore Grand Prix from the pit lane after Mercedes fitted a new power unit to his car and incurred a penalty. Russell qualified 11th for Sunday’s race after struggling with a suspected engine issue that affected his car under braking. Mercedes took the opportunity to
A handful of exotics have been destroyed in South Korea in the wake of massive floods across the country. South Korea was hammered by Typhoon Hinnamnor in the second week of August, leading to widespread floods, in particular in the capital city of Seoul. At least nine people were killed in the disaster and comprehensive
DETROIT — Hau Thai-Tang spent the final days of his nearly 35-year career at Ford Motor Co. in the same place where he got his first big break: Flat Rock Assembly Plant. The automaker organized a sendoff for its chief industrial platforms officer, who announced his retirement in July, with workers building the Mustang sports
In this article 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Toyota CEO Akio Toyoda speaks during a small media roundtable on Sept. 29, 2022 in Las Vegas. Toyota LAS VEGAS — Toyota Motor CEO Akio Toyoda last week simply stated what he would like his legacy to be: “I love cars.” Just how the 66-year-old
By Simon Alvarez Posted on September 30, 2022 There seems to be no love lost between Tesla CEO Elon Musk and former AI Director Andrej Karpathy. During the recently-held AI Day 2022 presentation, Musk ended up trolling Karapthy with a “Software 2.0” joke, prompting the former Tesla executive to accept a Tesla Tequila-related dare. Karpathy,
Spy shots of a development mule for the next-generation MX-5 we posted earlier this month prove that Mazda is firmly committed to keeping its baby sports car kicking for at least one more generation. At eight years old today, and probably nine or 10 when Mazda finally gets around to unveiling the finished NE-code car,