As consumers purchase tens of millions of electric vehicles over the coming decade, a huge question looms over governments and the auto industry: Can the power grid keep up with significantly increased demand? “If you simultaneously plug all of those vehicles in, it is going to break the grid,” said Robert Stocker, an energy consulting
Month: November 2022
Karn Dhingra has joined Automotive News as a mobility finance reporter. Dhingra, 43, previously covered Houston for The Real Deal, a New York-based real estate trade publication. His past stops include Sports Business Journal, where he reported on facilities and ticketing, and Bloomberg Industry Group as a Houston-based correspondent covering energy, environmental policy, tax policy,
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Carvana is laying off about 1,500 people, or 8% of its workforce, Friday following a free fall in the company’s stock this year, a weakening used vehicle
Chinese automaker Geely Holding Group has unveiled its SEA-M architecture that will be used by future driverless mobility products, starting with the Zeekr robotaxi for Waymo. Derived from Geely’s original Sustainable Experience Architecture (SEA), the SEA-M architecture supports a range of future mobility products including robotaxis, multi-purpose vehicles, and logistics vehicles. Targeting global autonomous driving
Mercedes-Benz and auto supplier Robert Bosch agreed to pay about $6 million to resolve Arizona’s lawsuit over diesel advertising claims, the state said on Friday. Under the proposed settlement, Mercedes will pay $2.8 million in consumer restitution, and each qualifying Arizona consumer will receive up to $625 per vehicle, Arizona Attorney General Mark Brnovich said.
Top executives in automotive, mobility venture capital and energy focused on emerging business models, startups and innovation at the Automotive News L.A. Congress Nov. 18. Automotive News Publisher KC Crain welcomes one of the keynote speakers, Lucid Motors CEO Peter Rawlinson. Executive Editor Jamie Butters moderates a panel on venture capital partnerships with Angel Gambino, principal, startups
Buick’s next electric vehicle to be sold in China will be a crossover. The Chinese Ministry of Industry and Information Technology published photos of the Buick Electra E5 online this week as part of a public comment period. The Electra E5 will be produced and marketed in China by General Motors’ joint venture with Chinese
10:00 AM ET ABU DHABI — FIA president Mohamed Ben Sulayem says Formula One’s governing body is making changes to ensure penalties for breaching the sport’s cost cap are decided earlier in the year. The FIA announced Red Bull had breached last year’s $145 million cost cap in early October before issuing a penalty later
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images DUBAI, United Arab Emirates — The Dubai-based rideshare app Careem is offering inter-country taxi journeys for the 2022 World Cup in Qatar, as millions of soccer fans from around the world descend on the
By Johnna Crider Posted on November 17, 2022 Senator Elizabeth Warren and six other Democratic senators are pushing the U.S. Federal Trade Commission (FTC) to investigate Elon Musk and Twitter following the Twit Chief’s takeover of the platform. The group of senators, which include Senators Elizabeth Warren, Edward Markey, Richard Blumenthal, Dianne Feinstein, Ben Ray
The Jeep Grand Cherokee SRT is one of the most well rounded SUVs on the market. An impressive combination of Jeep’s off-road legacy and SRT track capable performance, the 2014 Grand Cherokee SRT is a truly versatile vehicle that ends the age old question: on-road or off-road. With the SRT Grand Cherokee, why not both?
Almost a year after teasing Hyundai Home, a coordinated home-energy ecosystem bundling EV charging, solar power, and battery energy storage, Hyundai has officially confirmed a market launch. At the 2022 Los Angeles auto show, Hyundai announced that Hyundai Home is now available through its dealerships in 16 states. The automaker also announced a partnership with
TOKYO — The troubled, ever-evolving Tokyo auto show will be rechristened the Japan Mobility Show when it returns in 2023 under a bigger tent that aims to include everything from motorcycles to startups and an array of new participants under an “all-industry” banner. Organizers hope the reboot rekindles international interest in Asia’s erstwhile premier auto
Following a near-miss situation involving a truck and a motorcycle, the driver of the pickup attempted to flee the scene. After exceeding 115 mph (185 km/h) the truck driver finally pulled over and brandished a firearm and what appeared to be a law enforcement badge. Not long after, he was in custody and sitting in
TOKYO – Japanese electric motor maker Nidec Corp. is planning to invest about $715 million to build a plant in Mexico to make electric car motors, its chief executive said in an interview with the Nikkei newspaper published on Friday. Construction is expected to begin during or after the next business year starting in April,
9:03 AM ET ABU DHABI — Sergio Perez has denied he crashed on purpose during qualifying for the Monaco Grand Prix and said the accident did not feature in talks to clear the air with his teammate Max Verstappen following last weekend’s Brazilian Grand Prix. Speculation over whether Perez crashed intentionally in Monaco resurfaced last
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General Motors’ investor day on Thursday, is the first time BrightDrop has released revenue
Vinfast is quickly becoming a sneaky bet in the EV market after adding two new electric SUVs, the VF 6 and VF 7, to its US lineup. With a four-electric SUV portfolio, one in each of the most popular segments, Vinfast is looking to become the “EV manufacturer for everyone.” After Vinfast delivered its first
Thierry Bollore’s two-year stint as CEO of Jaguar Land Rover was memorable for failing to generate a single profitable quarter during a period when rival luxury automakers were posting record margins. However, the Frenchman’s turnround at the troubled UK automaker was on the cusp of generating positive results, even as global events conspired against him.
SAN DIEGO – Carvana Co. CEO Ernie Garcia reflected Thursday on the online used-car retailer’s tough year. “Right around this time last year, I think a number of things started to break against us, and it’s definitely been much tougher sledding since then,” Garcia acknowledged in a video teleconference Thursday at Used Car Week in
2:13 PM ET Associated Press Stefan Wilson will attempt to make his fifth Indianapolis 500 next year in a combined entry fielded by Dreyer & Reinbold Racing and Cusick Motorsports. The British driver will pilot the No. 24 Chevrolet-powered car. Dreyer & Reinbold, which fielded two cars in last year’s Indy 500, still plans on
Getty Images By Noor Nanji Business reporter, BBC News Electric cars will no longer be exempt from vehicle excise duty from April 2025, the chancellor has said. Announcing the change as part of his Autumn Statement, Jeremy Hunt said the move was designed to make the motoring tax system “fairer”. The RAC motoring group said
Amtrak’s Acela is the fastest passenger train in the Western Hemisphere, but tickets can be pricey. Amtrak fares can vary dramatically in the Northeast, home of the most heavily used stretch of track in the railroad’s nationwide network, which also includes stops in Canada. But tickets are often more expensive than plane tickets, despite flight
With the demand for EVs rising and a host of compelling new electric options coming to market, some automakers are doing everything they can to attract buyers. As Nissan leaves its Leaf behind and moves forward with its brand-new Ariya two-row electric SUV, the company has announced a new customer car package to help people
Should some junk stay in the junkyard? Maybe, but most cars deserve a second chance. In this episode of Roadkill, Finnegan and Newbern give new life to a ’57 Chevy Bel Air that was pulled from a junkyard after more than 30 years. With the help of Flying Sparks Garage, the guys drop in a
Production of the Acura NSX V-6 hybrid supercar came to an end this week at Acura’s Performance Manufacturing Center in Marysville, Ohio. The second-generation NSX, sold in most markets around the globe as a Honda NSX, enjoyed a six-year run, with the final 2022 model year consisting of a special NSX Type S variant that
It may have taken BMW decades to launch a Touring version of the M3 but now that the Audi RS4 Avant and Mercedes-AMG C63 Estate rival is here, Ben Collins recently had the chance to put it through its paces around the Nurburgring GP circuit. Given that Collins once served as The Stig on Top
MILAN — Stellantis has agreed to buy aiMotive, a developer of advanced artificial intelligence and autonomous driving software, to advance its technology development efforts, the company said in a statement. No financial details of the transaction have been disclosed. The acquisition enhances Stellantis’ artificial intelligence and autonomous driving core technology, expands its global talent pool,
As Tesla has millions of loyal followers all around the world, it can launch virtually any product and know that there’s a good chance said product will sell out. So, here we are, writing about a new Tesla product that has nothing to do with electric vehicles and is instead a pair of tequila sipping
Fiat, a brand down to just one model, is getting a jolt of energy in North America with the return of the electric 500e in 2024. Fiat brand CEO Olivier Francois plans to announce the 500e’s return Thursday at the Los Angeles Auto Show. The official reveal of the North American 500e will take place
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