Porsche is accelerating toward a greener future with the arrival of its first electric crossover — a battery-powered Macan that will pack a big battery and output. The more than 600 hp electric Macan will be the “sportiest model in its segment,” Porsche says. Software supplier-related issues have delayed the compact luxury crossover by about
Month: November 2022
Italian startup Energy Dome, maker of the world’s first CO2 battery, is officially entering the US market. Energy Dome’s battery uses carbon dioxide to store energy from wind and solar on the grid. World’s first CO2 battery Energy Dome announced earlier this month that it has been awarded funding and networking support from Hawaii and
After repeated delays, the European Commission last week released its proposed Euro 7 pollution rules, succeeding Euro 6, which came into force in 2014. This is significant because they will most likely be the final internal-combustion engine regulations enacted in Europe, with the EU requiring the sales of only zero-emission vehicles after 2035. Automakers had
The front-facing camera of a Tesla has captured the moment that 3 thieves stole a wheel from a C7 Chevrolet Corvette Stingray in just 60 seconds. The incident occurred in Southlake, Texas on the afternoon of November 3. In the video, three men pull up alongside the Corvette in a parking lot. They casually stroll
The Federal Trade Commission is sending payments totaling more than $9.8 million to the thousands of consumers affected by a discrimination lawsuit against Napleton Automotive Group. The agency is distributing 66,355 checks averaging $147 each to car buyers it says were affected by unlawful practices at group stores. Consumers should cash the checks within 90
11:57 AM ET Nico Hulkenberg is set to replace Mick Schumacher at Haas in 2023, according to German publication Bild. The move will be announced ahead of this weekend’s Abu Dhabi Grand Prix, allowing Hulkenberg to drive for the team at the tyre test which follows the season finale next week. Hulkenberg, 35, has not
Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Tesla shares dropped more than 7% on Wednesday to close at $177.59, their lowest since November 2020, after CEO Elon Musk disclosed the sale of close to $4 billion worth of stock in the electric car
It’s well known that Jay Kay, frontman of the British jazz-funk band Jamiroquai, is a lover of cars. One of the many cars he’s owned, a 1968 Mercedes-Benz 600, is now up for auction on Bring a Trailer. The grandfather of today’s S-Class, the 600 was Mercedes’ range-topping luxury car in its day. It acquired
The next-gen Maserati Quattroporte, expected to launch in 2024, will be all-electric. According to a recent report by UK outlet AutoCar, the Quattroporte EV will be based on the same platform as the upcoming Granturismo. Given the Granturismo will be available in both EV and ICE guise, it’s probable a traditionally-powered version of the new
STOCKHOLM — A key to helping Volvo Cars’ EVs achieve price parity with comparable combustion-powered models will be an affordable small SUV the automaker plans to reveal in 2023. Volvo showed a teaser image of the vehicle at the end of its introduction of the new EX90 flagship electric large SUV here Wednesday. The EV
A modern F1 pit stop can take as little as two seconds. Even allowing for the fact that modern grand prix cars don’t have to refuel, that’s insane, and would have seemed like witchcraft to a 1950s single-seat hot shoe, who might have sat around waiting for over a minute for his team to swap
TOKYO — Two big Japanese carmakers are sounding upbeat as they raise full-year earnings forecasts, citing progress in sorting out the semiconductor shortage and improved profitability. Honda Motor Co. says the worst of the microchip crisis is over, while Nissan Motor Co. says a rush of new product has underpinned a healthier model mix and
It was probably just a matter of time until someone put a motor in an office chair. That someone turned out to be Volkswagen, which built a five-wheeled vehicle for cubicle dwellers. The VW electric chair — er, that may not be the best name for it — has a top speed of 12 mph
In this article F GM Follow your favorite stocksCREATE FREE ACCOUNT Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor — bitter rivals for more than
By Johnna Crider Posted on November 12, 2022 Elon Musk addressed some rumors that were floating around Twitter on Saturday, adding that Twitter’s remote work policy is the same as Tesla and SpaceX. He responded to @Balinares on Twitter, who claimed that Elon Musk “ordered his Ireland workforce back to Dublin by Monday, or else.” @Balinares
PARIS — Renault is targeting even bigger margins for Dacia, its “value for money” Romanian brand that has been a profit engine for the group. Dacia margins are now 10 percent, CEO Luca de Meo said Tuesday in his “Revolution” strategic plan update, and the brand will reach 15 percent by 2030. That level is
Ford Mustang drivers never cease to amaze us and the driver of this particular example, finished in a bright shade of green, had a very rough day behind the wheel of the muscle car. A clip of the Mustang was recently shared to the IdiotsInCars channel on Reddit and shows the driver stopped in the
The Federal Trade Commission followed its June proposal to regulate dealership advertising and add-on products with an Oct. 20 plan to curtail bait-and-switch pricing and charges for valueless items across multiple industries. “The FTC’s at it again,” said Randy Henrick, a compliance attorney for Ignite Consulting Partners. The FTC auto retail plan unveiled in June
3:39 PM ET Newly-crowned champion Max Verstappen refused a Red Bull team order at the Brazilian Grand Prix to help teammate Sergio Perez in his fight for second in the title race. Perez dropped down the order after a late safety car restart, with nearest championship rival Charles Leclerc one of the cars to get
Even Legoland is joining the electric vehicle revolution. Legoland Florida Resort used Lego bricks to create a life-size replica of the Ford F-150 Lightning as part of its ongoing partnership with area dealers. The Lego Lightning took more than 1,600 hours to build and is made of about 320,740 pieces. It’s the same size as
In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio on Thursday reported a loss of $577.9 million for the third quarter, significantly
It’s official. The Audi E-Tron has been rebranded a Q8 E-Tron for its mid-cycle update, which was revealed this week. There’s revised styling, enhanced charging, and a lot more range. Mercedes-Benz AMG One laps the Nürburgring in 6:35.183 – Oct. 2022 Mercedes-Benz AMG this week revealed the lap time for the One hypercar around the
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WASHINGTON — European Union Ambassador Stavros Lambrinidis said he was very hopeful that negotiations with the United States could result in elimination of discriminatory provisions in the U.S. Inflation Reduction Act. Lambrinidis told an event hosted by the U.S. Chamber of Commerce on Thursday that EU officials were working with U.S. officials in a special
The C8 Chevrolet Corvette is a near supercar by all accounts. Its nearly 500-hp (372 kW) V8 and mid-engine configuration give it almost scalpel-like precision. But an idiot with a scalpel can do a lot of damage and that’s exactly what happens to this Corvette when one driver tries, and fails, at doing a donut
The National Association of Minority Automobile Dealers has a new leader. Hugene Fields, an industry outsider who has worked in the nonprofit space for 15 years, was named president during the organization’s convention in Miami last month. Fields, 35, takes the reins from Damon Lester, who had been at the helm since 2006. Lester, who
Automakers and battery suppliers are in search of a vehicular holy grail — a battery chemistry for electric vehicles that sharply reduces charging times and greatly increases range while remaining cheap and easy to mass produce. Unprecedented sums of money are being poured into battery research to find such a solution, and battery performance has
6:03 PM ET Lewis Hamilton has retained his front row grid position for the Brazilian Grand Prix despite the stewards investigating the positioning of his car on the grid ahead of Saturday’s sprint race. Three drivers, including Alfa Romeo’s Zhou Guanyu and McLaren’s Daniel Ricciardo, all lined up slightly outside the width of their grid
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC DETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap. He touted the company’s “landmark” second-quarter results on Aug. 5, 2021 that included the used car retailer’s first-ever quarterly net profit. He
Tesla announced on November 11 the opening of its proprietary charging standard, originally introduced in 2012 with the market launch of the Tesla Model S to handle AC normal charging and DC fast charging. Since then, it was used by the company in North America and in some other global markets. Tesla says that after
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