MOSCOW — Chinese brands account for almost a third of Russia’s car market, data shared with Reuters shows, as the sector more than any other shows China’s growing importance to the economy following the exodus of Western companies. New sales of passenger cars and light commercial vehicles are down almost 61 percent year-on-year, as Western
Month: December 2022
1:14 PM ET Associated Press IndyCar has landed its own “Drive to Survive”-type docudrama that will showcase the buildup to next year’s Indianapolis 500. The six-part “100 Days to Indy” will air on The CW Network next spring and chronicle the 100-day window ahead of “The Greatest Spectacle in Racing” on May 28 at Indianapolis
Do you really want to get your hands on a Lucid Air but aren’t willing to wait the many months it will take for delivery? Well, we have a solution. Kind of. While recently browsing through Copart and IAAI, we stumbled across not one, not two, but three Lucid Air models up for auction in
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. STR | Nurphoto | Getty Images Elon Musk led a $44 billion acquisition of Twitter and appointed himself CEO
Mexico and Canada won a trade dispute with the U.S. over cars shipped across regional borders, potentially giving manufacturers more incentive to make auto parts in those nations. The dispute-resolution panel set up under the 2020 US-Mexico-Canada Agreement made a preliminary ruling on Nov. 14, according to people familiar with the decision who declined to
By Johnna Crider Posted on December 7, 2022 Franz von Holzhausen, the chief designer at Tesla, is among several featured designers guiding an online automotive course launched by the Petersen Automotive Museum and Yellowbrick, which focuses on online education and career exploration. The course Auto Design & Sketching is self-paced featuring three modules: Design Principles
DETROIT — General Motors is working to build a resilient battery supply chain as it moves into the next phase of electric vehicle development, drawing on lessons learned during the ongoing semiconductor shortage, CEO Mary Barra said Thursday. The automaker wants battery suppliers, many of which are new to working with GM, to source from
Watch the full episode on Motor Trend: https://bit.ly/2XApL0m The blown 383 small-block Chevy-powered ’74 Jaguar XJ12 known as the Draguar is back! After it sat neglected for far too long, David Freiburger and Mike Finnegan have decided to put a new heart in the disabled Draguar in true Roadkill fashion.They are back in the Summit
Mid-engine hybrid supercars and the upcoming Purosangue crossover SUV are the Ferraris garnering the majority of headlines these days, but don’t sleep on the Roma coupe. This V-8-powered 2+2 is more than just an entry point into the House of Scuderia. It’s a grand tourer that comes alive in unexpected ways. Sure, it starts at
The UK’s anti-trust regulator fined BMW 30,000 pounds ($36,519) plus a further daily penalty of 15,000 pounds on Thursday over a disputed information request related to an ongoing auto industry probe. The Competition and Markets Authority (CMA) said it believes BMW holds information important to the probe it launched in March over suspected anti-competitive conduct
5:07 AM ET Max Verstappen’s home Dutch Grand Prix at Zandvoort will stay on the Formula One calendar until 2025 after a contract extension was announced on Thursday. The sport returned to the seaside circuit in 2021 on an initial three year deal but Verstappen’s huge local popularity has made it a sell-out event. The
An 18-year-old used car salesman from Chicago has been left red-faced after crashing a 2012 BMW X6 M while taking two customers on a test drive. The salesperson, Vladyslav Vityk, was driving the potent SUV through Elmhurst but lost control of it in the 700 block of Junior Terrace. While it’s not clear exactly how
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT Shares of Carvana plummeted by more than 40% during trading Wednesday after the embattled online used car retailer’s largest creditors signed a deal binding them to act together in negotiations with the company. The pact, as first reported by Bloomberg, includes creditors such as Apollo
Elon Musk has tapped a longtime Tesla executive in China who oversaw construction of the Shanghai gigfactory to help run the automaker’s newest plant in Austin, Texas, people familiar with the matter said. Tom Zhu, who joined Tesla in 2014 to help build its Supercharger network and most recently has been heading the automaker’s Asia
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
DETROIT — Ford Motor Co. on Wednesday said Chief Marketing Officer Suzy Deering, who joined the automaker in early 2021 from eBay, is leaving the company at the end of the week. The automaker did not give a reason for her departure. “We thank Suzy for her contributions to Ford and wish her all the
PARIS — The head of Renault Group‘s new mobility unit Mobilize, Clotilde Delbos, is stepping down and will leave the company, the automaker said. Delbos is a former CFO and deputy CEO of Renault Group. She will be replaced by Mobilize COO Fedra Ribiero, who will become CEO of Mobilize Beyond Automotive, and Patrick Claude, vice president finance for
2:16 PM ET Formula E will race in Portland, Oregon in 2023 for the first time, the championship announced on Wednesday. The race, set for June 24, was approved at Wednesday’s FIA World Motor Sport Council meeting. The all-electric racing series has raced in the United States since season one in 2015 with races in
A C7 Chevrolet Corvette Stingray has been destroyed after a high-speed crash along the 10 Freeway in San Bernardino, California. Eyewitnesses claim that the driver of the Corvette may have been racing another ‘Vette when the crash occurred. While few specifics about the crash are known at this early stage, we know the crash damaged
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached their lowest level in more than a year last month, as retail sales decline amid interest rate hikes, rising new vehicle availability
Self-driving truck developer Einride completed another funding round and secured a large asset-backed debt facility as it works to develop an autonomous and electric freight mobility ecosystem. The deals will provide Einride with up to $500 million in capital, the Stockholm, Sweden, company said Wednesday. In October, Einride completed a test of its autonomous pod
Lucid is preparing for the introduction of the Lucid Air model in Europe and one of the signs that the market launch is near are Euro NCAP safety tests. According to Euro NCAP, the 2022 Lucid Air impresses with a maximum five-star rating, which is not a surprise considering the premium segment and the latest
From electric luxury vehicles to crossover SUVs and off-road-capable SUVs (gas and electric), the field of nominees for Motor Authority’s Best Car To Buy award only continues to widen. Once again for the 2023 award we find a supercharged pickup truck making the nominee list while a barrage of electric vehicles claw their way onto
TOKYO — Toyota’s leasing unit said it will begin offering over-the-air safety updates on the new Prius, betting it can use an approach pioneered by Tesla to cut lease prices and preserve used-car values in Japan. The lease program will require customers to opt in for a service expected to bring monthly lease payments down
6:52 AM ET Austin’s U.S. Grand Prix will be one of six Formula One races held under the sprint weekend format in 2023. Austin, Baku, Spa and Qatar will all host their first sprint in 2023, with Austria and Brazil retaining the format for another season. In 2021 and 2022 F1 had three events which
Australia is home to a seemingly never-ending array of dangerous animals and for Kerry Jenkins and her partner, one of those animals got a little too close for comfort during a drive along the Pacific Highway. A video shared to TikTok shows that as the couple were driving home from a beach vacation with their
Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT — The United Auto Workers union will for the first time this week attempt to organize a major electric vehicle battery plant for
Apple has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date by about a year to 2026, according to people with knowledge of the matter. The car project, called Titan inside the company, has been in limbo for the past several months as Apple executives grappled with
By Johnna Crider Posted on December 6, 2022 An approved zoning change in South Burlington, Vermont, further paves the way for Tesla to sell vehicles to consumers. The City of South Burlington approved a zoning change on Monday night. The approved plan will reorganize and realign three zoning districts along Shelburn Road and allow Tesla
BERLIN – Volkswagen Group’s main plant in Wolfsburg is building well under 400,000 cars a year, less than half its capacity, because of “flat-out chaos” in the supply chain, VW brand chief Thomas Schaefer said. Speaking in a live interview with local newspapers in Wolfsburg on Tuesday, Schaefer said suppliers were cancelling deliveries with one