Month: October 2022

5:57 PM ET Ferrari has revealed the hybrid hypercar which will contest the Le Mans 24 Hours and World Endurance Championship in 2023. The famous Italian team is re-entering the top level of sportscar racing for the first time in 50 years with the car dubbed the 499P. Ferrari dominated sports car racing in the
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General Motors said late Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest U.S. automaker said it was “engaging with Twitter to understand the direction of the platform under their new ownership. As is normal course of business with a significant change
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Porsche’s operating profit jumped 41 percent to 5.05 billion euros ($5 billion) in the first nine months from the same period last year partly due to exchange-rate effects and healthy sales of its iconic 911 model, the sports-car maker said in a press release. Porsche’s deliveries in the first three quarters rose 2 percent to
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Stellantis has activated retired New York Yankees shortstop Derek Jeter for a campaign promoting Jeep’s new Grand Wagoneer SUV, with the leadoff spot debuting during Friday night’s World Series Game 1 between the Philadelphia Phillies and Houston Astros. The multiyear campaign, dubbed “Eyes Wide Open,” will begin with a one-minute commercial featuring images of Jeter,
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BERLIN — Volkswagen Group expects growth in the autos market next year despite the worsening economic outlook as order books showed ongoing high demand was being stifled by supply chain shortages, CEO Arno Antlitz said. The automaker had almost fully compensated for the rising energy and inflation costs this quarter by cutting fixed costs, Antlitz
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NEW YORK – A federal jury in Detroit ordered Ford Motor Co to pay Versata Software Inc $104.6 million in damages for breaching a 2004 licensing contract and misappropriating trade secrets. Jurors deliberated over two days before holding Ford liable on Wednesday, following a 15-day trial. Versata, based in Austin, Texas, said it licensed its
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Mining companies are going to great lengths to source the raw materials needed for electric vehicle batteries, even miles below the ocean’s surface. They are racing to tap into these seabed stockpiles, striking deals, developing mining processes and equipment and striving to be eco-friendly. Meanwhile, environmental groups want to slow the rush until more is
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3:18 AM ET Alpine have won their bid to overturn Fernando Alonso’s penalty at the U.S. Grand Prix after the double world champion had lost seventh place as stewards upheld a protest from Formula One rivals Haas about the safety of his car. Alonso had dropped out of the points in Austin last Sunday when
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In this article AN LAD GPI ABG Follow your favorite stocksCREATE FREE ACCOUNT Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic
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BERLIN — Volkswagen Group plans to expand its cooperation with Intel’s Mobileye to include its automated driving program after the automaker’s decision to stop investing in self-driving startup Argo AI, two sources told Reuters. Mobileye, which already cooperates with VW’s software unit Cariad on autonomous driving technologies, is likely to be the automaker’s partner for
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