There was a shocking statistic in my colleague Pete Bigelow’s story last week about CES that should cause ulcers in automotive investors around the globe. Automakers and others have committed those resources, investing more than $530 billion across autonomous, connected, electrified and shared mobility technology since 2010, according to the McKinsey Center for Future Mobility
Month: January 2023
We spotted the 2024 Ford F-150, Tesla dropped its prices, and we drove the 2023 Genesis G90. It’s the Week in Reverse, right here at Motor Authority. The 2024 Ford F-150 got caught by our spy photographer’s camera while testing on public roads. The refreshed F-150 will sport updated front and rear lighting elements, tweaked
Electrification is expected to bring a serious boost to the United States economy, as more and more models are produced locally. According to the registration data from Experian (via Automotive News), about 75 percent of all-electric cars, registered in the first 11 months of 2022, were produced in the US. That’s a very significant portion
Toyota Motor Corp. confirmed it will sit out the Super Bowl for the first time since 2017. “Every year we evaluate this advertising opportunity to support upcoming product launches or key Toyota moments,” the company said in a statement Friday. “This year’s timing did not align for our brand.” The brand did not say where
Renault is offering some concessions to Nissan as the partners try to clinch a deal to reboot a two-decade alliance, according to people familiar with the situation. Nissan’s independent board directors are due to meet early next week to consider several proposals by Renault, said the people, who asked not to be identified as the
3:02 PM ET Associated Press LAS VEGAS — Robbie Knievel, an American stunt performer who set records with daredevil motorcycle jumps following the tire tracks of his thrill-seeking father — including at Caesars Palace in Las Vegas in 1989 and a Grand Canyon chasm a decade later — has died in Nevada, his brother said.
1979 Corvette Owner Gets A Shocking 1,177% Tax Hike On Parts Car In Kansas | Carscoops The classic Corvette is missing an engine, a transmission, an interior, and is now somehow valued at $12,000 by Stephen Rivers 3 hours ago by Stephen Rivers Used car prices have been sky-high for a few years now and
Carvana Co. will lay off more workers and take other measures such as reduced work hours as the used-car retailer contends with weak sales, The Wall Street Journal reported on Friday. The company was letting open positions go unfilled and several operations teams were working fewer than 30 hours a week or four-day work weeks,
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric luxury vehicle maker Lucid Group said it produced just over 7,100 vehicles in 2022, slightly more than expected. The company told investors in
By Eric Ralph Posted on January 12, 2023 SpaceX has revealed a new and mysterious reason to delay its own rocket launch: something called “constellation optimization.” Known as Starlink 2-4, the mission is now scheduled to launch a batch of 51 Starlink V1.5 satellites to a semi-polar Earth orbit no earlier than (NET) 8:15 am
BRUSSELS — Mazda has revived its rotary engine a decade after discontinuing the cult powerplant by adapting it for the electrification era. The MX-30 e-Skyactiv R-EV plug-in hybrid, which debuted at the auto show here Friday, uses a gasoline rotary engine as a power generator that along with a 17.8-kilowatt-hour lithium-ion battery helps give the
6:05 PM ET Kevin Harvick announced on Thursday that 2023 would be his final full-time season in NASCAR. Logan Riely/Getty Images If Kevin Harvick had announced his retirement on Jan. 12, 2002 instead of Jan. 12, 2023, he would have already had a plenty strong-enough case for the NASCAR Hall of Fame. Thankfully, he didn’t then.
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Tesla Inc. slashed prices across its four-vehicle lineup late Thursday after missing its delivery forecast for last year.On its website, Tesla listed its top-selling Model Y Long Range with all-wheel-drive — its entry version in the U.S. market — at $52,990 before shipping. That’s a reduction of $13,000, or 20 percent, over the crossover’s previous
The Tesla Model Y (left) and Model 3 electric cars at the company’s official launch event in Bangkok on Dec. 7, 2022. The Model 3 is the company’s entry-level sedan. The Model Y is categorized by some as an SUV and others as a crossover. Lillian Suwanrumpha | Afp | Getty Images Electric vehicle maker
Godzilla lives for another year. On Thursday in Japan the 2024 Nissan GT-R debuted with revised aerodynamics, tweaked fascias, and the return of both the T-spec and some notable heritage colors. Nissan hasn’t said how much the revised 2024 GT-R will cost when it goes on sale in the spring. The timing will mark a
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
BERLIN — German automotive supplier Bosch is investing about $1 billion in a new R&D and assembly center in Suzhou, China, the company said on Thursday, with the first phase of the project ready by mid-2024. The center will develop and assemble components for electromobility and automated driving to sell primarily to Chinese customers, it
1:25 PM ET Associated Press CHARLOTTE, N.C. — Kyle Larson will attempt to race the Indianapolis 500 next year with McLaren Racing in a joint effort with NASCAR team owner Rick Hendrick. The surprise announcement Thursday by McLaren and Hendrick at last gives Larson a path into his dream race. It also means he will
Polestar Opens Unique Showroom Made Completely Out Of Snow | Carscoops The Polestar Space in Rovaniemi, Finland features 6.5 foot thick snow walls and took approximately 20 days to build by Michael Gauthier 2 hours ago by Michael Gauthier Getting a chilly reception at the dealership is normally a bad thing, but it’s par for
Automakers traded market share for profit last year as sales volumes plumbed depths not seen in more than a decade and new-vehicle prices set a record in December. But the new year could flip that script as inventories climb and inflation bites. Annual U.S. light-vehicle sales ended at 13.865 million, down 8 percent from 2021,
The U.S. Department of Energy awarded $42 million in funding for 12 R&D projects aiming to develop advanced electric vehicle batteries. The funding will strengthen the domestic supply chain for EV batteries, the DOE said in a statement Wednesday. The projects selected are part of the DOE’s Advanced Research Projects Agency-Energy Electric Vehicles for American
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche managed to increase its global deliveries last year by 2.6% despite worldwide supply chain issues that crippled other carmakers as well as sales of its first all-electric car. The German sports
The Audi Q4 e-tron reached North American shores in 2022, offering a premium, more sophisticated version of the popular Volkswagen ID.4. With a starting price of $49,800, the Q4 e-tron costs more than $10,000 more than the base ID.4, however, once you comparably-equip an ID.4, the gap closes significantly. As Audi’s entry-level electric vehicle, the
BERLIN — Mercedes-Benz is set to drop the EQ badge it uses for electric cars, a German business paper said. The decision is based on CEO Ola Kallenius’ focus on electric-only cars, making the EQ brand redundant as Mercedes turns away from the combustion engines, Handelsblatt reported, citing company sources. Kallenius also wants to simplify
6:28 AM ET Michael Andretti has hit out at Formula One teams for being too greedy to see the benefits of his company’s proposed entry to the sport with General Motors brand Cadillac in 2026. F1 gave a lukewarm response to the proposed Andretti-Cadillac entry, with a source telling Reuters a “strong majority” among the
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OTTAWA – Canada and Mexico have won their challenge to the U.S. interpretation of content rules for autos under the new North American trade pact, a dispute panel ruled on Wednesday, a decision that favors parts makers north and south of the U.S. border. A year ago Canada and Mexico filed a complaint against the
The number of electric vehicle charging stations in the U.S. must quadruple through 2025 to meet EV sales demand, according to S&P Global Mobility. Many EV owners power their vehicles through at-home chargers, but a robust public charging network will be necessary as automakers transition to selling mostly EVs in the U.S. EVs make up
Mazda is bringing back the rotary engine, but not as we know it. The automaker on Monday confirmed plans for a rotary range extender for electric versions of the MX-30. It will be called the MX-30 R-EV. The compact crossover, which debuted in 2019, is also offered in some markets with a mild-hybrid powertrain that
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