Ford is not reducing the prices of its Mustang Mach E electric crossover in Europe to compete with Tesla, which slashed prices for its Model Y and Model 3 cars by up to 20 percent. Ford’s European business is following a different path than in the U.S. where the automaker has cut prices of the
Month: January 2023
8:55 AM ET The Haas F1 team has revealed its updated livery for the 2023 season, featuring the prominent branding of its new title sponsor MoneyGram. The American team is the first F1 outfit to unveil its colour scheme for the upcoming season, although the digital renders did not represent this year’s car, the VF-23,
Lexus RX Does A Flying Barrel Roll After Launching Off Flat Bed Tow Truck | Carscoops In a shocking video, a Lexus RX drifted onto the shoulder and hit a flat bed tow truck which acted as a ramp by Michael Gauthier 21 hours ago by Michael Gauthier January is ‘Move Over Month’ in Florida
DETROIT — General Motors is making what it says is the largest-ever investment by an automaker in battery raw materials production as it prepares to further ramp up electric vehicle production in the coming years. GM said Tuesday that it will take a $650 million equity position in Lithium Americas Corp. and work with the
TOKYO – Toyota Motor Corp. has come under fire for what critics call foot-dragging on pure electric vehicles. Now the world’s biggest automaker is fighting back with its most robust retort. Its message to those who say EVs are the only way forward in the global battle to cap carbon dioxide emissions: Science says you’re
In this article LAC GM Follow your favorite stocksCREATE FREE ACCOUNT US President Joe Biden, with General Motors CEO Mary Barra, looks at a Chevrolet Silverado EV as he tours the 2022 North American International Auto Show at Huntington Place Convention Center in Detroit, Michigan on September 14, 2022. – Biden is visiting the auto
GMC auctioned off the rights to the first customer example of the 2024 Hummer EV SUV over the weekend to help raise funds for charity. The auction took place during Barrett-Jackson’s annual sale in Scottsdale, Arizona, where the rights to the first 2024 Ford Mustang were also sold. The final bid for the electric SUV
General Motors beat both top and bottom-line results in the fourth quarter, leading to record earnings in 2022 as the automaker enters phase two of its EV rollout. The company continues to develop its supply chain for an EV-only future with a massive new domestic lithium investment. GM earnings growth in 2022 on the heels
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PARIS — Renault and Nissan are rebalancing their troubled alliance in what could be a major step in reviving their alliance. But for the French automaker the benefits of the revamp are for now unclear and potentially quite limited, three industry sources said. The automakers on Monday announced a deal that will see Renault
Tesla Model S Catches Fire On California Freeway, Needs 6,000 Gallons Of Water To Extinguish | Carscoops Sacramento fire crew used jacks to lift the electric sedan and access its underfloor battery pack by Chris Chilton 14 hours ago by Chris Chilton A Sacramento fire crew blasted a Tesla Model S with 6,000 gallons (22,700
DETROIT — GMC has started building the SUV version of the Hummer EV and the third-generation Canyon midsize pickup. Production of the 2024 Hummer EV SUV began Monday at General Motors‘ Factory Zero plant in Detroit, officials said. The 2023 Canyon entered production last week at Wentzville Assembly in Missouri. Deliveries of both vehicles will
General Motors‘ defense arm and American Rheinmetall Vehicles said on Monday that they have won a contract for the first phase of the U.S. Army’s Common Tactical Truck Program. The multi-phased program aims to replace the army’s family of heavy tactical trucks with the production of up to 40,000 trucks valued at up to $14
Ford Motor (F) confirmed Monday what Jim Cramer has been speculating for weeks: Price cuts on its electric vehicles following similar moves by Tesla (TSLA). While engaging in this price war was necessary for Ford to stay competitive and maintain customer demand, we’re concerned about the dent the Club holding faces in profitability. Ford will
The first production unit of the 2024 GMC Hummer EV SUV has been auctioned off for $500,000 at the Barrett-Jackson Scottsdale Auction on January 28. The proceeds from the sale will go to Tread Lightly!, a non-profit dedicated to promoting outdoor recreation through stewardship and educational programs. The non-profit will receive the full amount raised
China’s BYD, the world’s biggest seller of full-electric vehicles and plug-in hybrids, expects its 2022 net profit to be more than five times the amount it booked a year earlier, the company said. With sales of 1.86 million cars, it expects a net profit of 16-17 billion yuan ($2.37-$2.52 billion) versus 3 billion yuan in
6:38 AM ET Zak Brown has likened McLaren driver Lando Norris to the type of talent NFL teams build their organisation around. Norris is set to start his fifth season with McLaren, where he is contracted to race until 2025. This year he will be joined by a rookie teammate, the highly-rated Oscar Piastri, to
Pour One Out For The First Known GR Corolla Crash | Carscoops Details are light but pictures say a few thousand words by Stephen Rivers January 30, 2023 at 14:53 by Stephen Rivers We all knew this day was coming and sadly, it’s here. The very first documented Toyota GR Corolla Crash is slowly but
Ford Motor Co. on Monday said it would reduce the price of its 2023 Mustang Mach-E crossover by $600 to $5,900, depending on the trim, as it boosts production in hopes of solidifying its status as the nation’s No. 2 electric vehicle maker. The price cuts come shortly after Tesla Inc., by far the U.S.
LAS VEGAS — YJ Ahn has long played linchpin roles in designing transformational technology products. She started out working on smart televisions and home theaters at LG Electronics, then joined Motorola to speed its transition from flip phones to smart ones. Both experiences served as precursor to her most ambitious challenge — head of design
In this article F TSLA Follow your favorite stocksCREATE FREE ACCOUNT People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks
Chevrolet last year started selling a 2023 Corvette Z06 based on the eighth generation of America’s sports car—and now the Bowtie brand has launched a GT3-spec version to be offered as a customer race car. The new Corvette Z06 GT3.R race car made its debut over the weekend during the 2023 24 Hours of Daytona
By Eric Ralph Posted on January 29, 2023 SpaceX is less than a month into 2023, but CEO Elon Musk’s wildly ambitious goal of 100 launches in one year is already looking doable. Announced last August, Musk’s 100-launch 2023 target followed goals of 52 – and then 60 – Falcon rocket launches in 2022. Both
The world’s No. 1 automaker has a new CEO, and the transition of power could not have come at a more pivotal time. Toyota on Thursday surprised the market when it announced that Lexus President Koji Sato will take over from Akio Toyoda, the grandson of the venerable Japanese automaker’s founder, effective April 1. While
3:41 PM ET Associated Press DAYTONA BEACH, Fla. — Acura dominated the debut of hybrid engines in North American sports car racing with a 1-2 finish Sunday at the Rolex 24 at Daytona, where Helio Castroneves and the automaker won the prestigious endurance race for a third consecutive year. Castroneves won the Rolex in 2021
California Highway Patrol Ends Long High-Speed Chase With Textbook PIT Maneuver | Carscoops The chase spanned two counties before police ended it with no injuries reported by Stephen Rivers 11 hours ago by Stephen Rivers A suspect recently led police on a high-speed chase that spanned multiple counties and countless roads. Despite driving over sidewalks,
TATESHINA, Japan — When cruising along at 40 mph on a sheet of super-slick ice, it pays to have an ultraresponsive vehicle stability system that won’t skate you right off the road. Nissan’s new e-4orce all-wheel-drive technology, offered in the new Ariya electric crossover, keeps the driver in control, even in situations like this, thanks
Automotive stalwarts such as BMW, Porsche and German supplier Robert Bosch are betting that e-bicycles will become a lucrative business as consumers look for newer, cheaper and eco-friendly ways to get around. McKinsey & Co. projects that the micromobility market will grow by 9 percent annually to reach a cumulative $260 billion by 2025. Bikes,
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that’s proving to be a double-edged sword for the
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