Month: November 2022

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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