Month: December 2022

Volkswagen Group Chief Financial Officer Arno Antlitz said he expects next year to be “even more challenging” than 2022 as inflation and a worsening economic outlook cut into demand. Antlitz, speaking Thursday in a Bloomberg TV interview, said VW will need to improve productivity and lower fixed costs as the automaker cannot fully pass on
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6:30 AM ET Mick Schumacher has joined Mercedes as reserve driver after Ferrari ended its four-year affiliation with him. Schumacher, the son of seven-time world champion and Ferrari legend Michael, was looking for his next move in Formula One after being cut by Haas this year following two underwhelming seasons. On Thursday, shortly after Ferrari
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Nikola Corp. founder Trevor Milton asked for a new trial on charges he misled investors about the electric truck maker’s prospects, arguing the jury convicted him due to bad instructions from the judge and because one juror lied to get on the panel. Milton was found guilty in October of securities and wire fraud following
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2022 Ford F-150 Lightning Ford DETROIT — The electric Ford F-150 Lightning was named MotorTrend’s 2023 truck of the year Tuesday, topping traditional pickups with internal combustion engines from General Motors, Stellantis and Toyota Motor. The prestigious title and accompanying “Golden Caliper” award are highly
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Reda Riddle-Bigler heard about the autonomous vehicles deployed throughout the metro Phoenix area years ago. Sometimes she’d see the cars, with elaborate sensors affixed to their roofs, driving along the road. But it wasn’t until May, when she received a promotion to central district commander with the Phoenix Fire Department, that she understood self-driving technology
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4:37 AM ET McLaren appointed Andrea Stella as Formula One team principal on Tuesday in a move hastened by his predecessor Andreas Seidl joining Sauber as replacement for Ferrari-bound Frederic Vasseur. Sauber run the Alfa Romeo team, which will become the factory Audi outfit in 2026. The post-season management merry-go-round came after Mattia Binotto handed
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A shooting Wednesday at an automotive supplier plant near Detroit left one man dead, according to police. An argument among employees began Wednesday morning inside the Forvia plant in Highland Park, Mich., before spilling out into the gated parking lot where shots were fired, said Deputy Chief Darrell Patterson of the Highland Park Police Department.
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In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Anadolu Agency | Anadolu Agency | Getty Images Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business, which were worth around $3.6 billion, according to a financial filing out Wednesday night. The transactions took place between Monday and Wednesday this week
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On this episode of The Downshift, we head to Norway to see what Formula Drift driver Fredric Aasbo does in the offseason in the cold Scandinavian winters. Feel free to follow Fredric at http://www.facebook.com/OfficialFredricAasbo The Downshift appears every other Tuesday on the new Motor Trend channel. http://www.youtube.com/motortrend Subscribe now to make sure you’re in on
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BENGALURU – Indian automaker Mahindra and Mahindra Ltd. said on Wednesday it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune, about 90 miles Southeast of Mumbai. The Mumbai-headquartered conglomerate said the investment, for which it has received approval from the Maharashtra
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TOKYO/PARIS — Nissan doesn’t expect to reach an agreement with top shareholder Renault by year-end on reshaping their alliance because some of Nissan’s board members are pushing to move cautiously, people familiar with the matter said. Renault wants Nissan to invest in a new electric-vehicle unit it plans to spin off as part of a
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Longtime Georgia dealer Jim Ellis, founder of his namesake auto group, died Friday at his Duluth, Ga., home, just weeks after his son Jimmy Ellis, the company’s CEO, died, the Ellis family said. Jim Ellis was 90. No cause of death was shared. All Jim Ellis Automotive locations will close Wednesday for his funeral, according
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By William Johnson Posted on December 12, 2022 Volkswagen has announced that it now controls Europe’s largest EV charging network with over 400,000 chargers. In a press release today, Volkswagen claims to control Europe’s largest EV charging network via its subsidiary Elli. The charging network now contains 400,000 chargers throughout 27 countries and has seen
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