Month: November 2022

Slowing inflation reported this week appeared to temper the gloomy outlook on Carvana Co. that had set in since the online used-car retailer reported sharply disappointing third-quarter results earlier this month. Carvana’s $508 million net loss sent the company’s shares tumbling to an all-time low of $6.50 early this week. Shares sank more than 53
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By Johnna Crider Posted on November 11, 2022 Redwood Materials is teaming up with Audi to make it easier for consumers to recycle household devices that have a lithium-ion battery. In September, Redwood launched its Consumer Recycling Program and asked consumers to recycle the devices in their homes. Some of these devices range from electric
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LONDON — MG Motor has merged its UK business with its mainland European sales operations as the Chinese-owned company continues its rapid sales expansion in the region. MG had originally separated its longer-standing UK business, which offers both combustion engine and electric models, with that of its continental European business, which focuses on all-electric cars
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5:00 PM ET In the heat of the moment, Charles Leclerc labelled Ferrari’s decision to send him out on the wrong tyres in qualifying for the Brazilian Grand Prix as “f—ing unbelievable,” but later revealed he had accepted the tyre choice before heading out on track in Q3. Using intermediate tyres when the rest of
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martin-dm | E+ | Getty Images Car buyers are usually aware that their new vehicle will start losing value as soon as it’s driven off the dealership’s lot. These days, depending on the car, depreciation may be a lot less than it was in past years, according to a new study from iSeeCars.com. With supply-chain
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Polestar posted a smaller third-quarter operating loss as revenue more than doubled and the company cut spending, but the electric-vehicle maker warned that higher raw material costs would start to hurt later in the year. The Swedish automaker posted an operating loss of $196.4 million, down from $292.9 million a year ago, while revenue rose
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Audi’s original dedicated electric vehicle, the E-tron, launched in 2019, is getting a reboot for 2023 that includes updated styling, more range and a new name: the Q8 E-tron 55 and Q8 E-tron Sportback. A more energy-dense 114-kilowatt-hour battery pack replaces the 95-kWh unit in the same space. Power outputs are unchanged. The 55, with
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Self-driving vehicles may take a long time to hit the road in large numbers. The sensors driving much of their progress, however, are starting to go mainstream. Lidar technology is trickling into human-driven vehicles in some cases. In others, it’s finding scale in different industries. The latest example of lidar for human-driven vehicles came earlier
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This week on the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. This week, we discuss Tesla opening its charging standard to the industry, Twitter/Elon madness affecting TSLA stock, Tesla’s solar scale back, and more. Sponsored by EcoFlow: EcoFlow’s Black Friday Sale is here with up to 50% off on a wide
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11:22 AM ET Carlos Sainz will drop five places on the grid at the Brazilian Grand Prix after Ferrari incurred a penalty for fitting a new engine to his car. Sainz will use his sixth engine of the season this weekend, meaning he is three engines over his original quota of three for the year.
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In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT People try their luck at winning a car from the Carvana vending machine at SXSW festival in Austin, Texas on March 12, 2016. Michelle Castillo | CNBC Shares of Carvana on Thursday put up their best day in roughly three months – representing a small,
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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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A Suzuki Vitara driver has had his day in court for his appalling behavior in February, when he was caught on dashcam deliberately impeding an ambulance trying to respond to an emergency. According to the Thames Valley Police, the South Central Ambulance Service was dispatched to respond to a call about a man who had
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WASHINGTON — Three House lawmakers have joined a push in the Senate to delay certain sourcing and manufacturing requirements in the Inflation Reduction Act’s tax credit for consumers buying new electric vehicles. Sen. Raphael Warnock, D-Ga., introduced a bill — known as the Affordable Electric Vehicles for America Act — in September that would create
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Ned Curic joined Stellantis in 2021 as chief technology officer from Amazon, where he led Alexa Automotive. The former Toyota and Microsoft executive is charged with executing Stellantis’ plan to generate $20 billion in software-related revenue by 2030, from services and subscriptions, features on demand, and data and fleet services. Curic spoke with Automotive News
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