Month: February 2023

WASHINGTON — A large majority of dealers surveyed by Automotive News said they are taking steps to sell electric vehicles, but they have mixed opinions on the federal government’s role in supporting the transition and accelerating consumer adoption. Roughly 82 percent of the dealers are selling or preparing to sell EVs at their stores, according
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Redwood Materials said on Thursday it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department to help build out a $3.5-billion recycling and re-manufacturing complex in Nevada for electric vehicle battery materials. Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials
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SEOUL — South Korea’s anti-trust regulator said it will impose a combined fine of 42.3 billion won ($33.48 million) on Mercedes-Benz, BMW, Volkswagen and Audi for colluding to rig emissions of its diesel cars using software. The four were involved in collusion that reduced competition and restricted consumer choice, the Korea Fair Trade Commission (KFTC)
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The three-row 2023 Kia Telluride plays sidekick for a desperate dad who forgot his baby’s binky in the automaker’s latest Super Bowl commercial, but the story doesn’t end when the spot is over. That’s when the fun starts. Kia is presenting three alternate endings for the 60-second ad exclusively on its TikTok channel to keep
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12:44 PM ET Associated Press Katherine Legge will attempt to qualify for her third Indianapolis 500 this year — her first IndyCar race since 2013 — in a car fielded by Rahal Letterman Lanigan Racing. Legge will enter the race in the No. 44 Honda with sponsorship from Hendrickson, a global manufacturer and supplier of
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Ram‘s first electric pickup officially has a name. The truck, slated to enter production in 2024, will be known as the 1500 REV. Ram CEO Mike Koval, who was scheduled make the announcement Thursday during the Chicago Auto Show, said the name will be easy to market and “helps with the showroom distinction between the
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JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday via its loan programs office. The battery-recycling startup will use the funding to build and expand its battery recycling facility outside of Reno, Nevada. The
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During a presentation at the Chicago Auto Show earlier today, Hyundai Motor North America has introduced a new month-to-month EV subscription program called Evolve+, aimed at “EV curious” consumers. The all-encompassing monthly price includes the EV itself, plus insurance, roadside assistance, and maintenance. This turnkey option will begin with a couple of Hyundai brand EVs
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LONDON — Nissan has reinstated Europe as a “core” global market as the automaker recovers from its business crisis in 2020, when it shrank its footprint in the region to concentrate on the U.S., China and Japan. Nissan has successfully tackled the underlying cause of its unprofitability in Europe after launching new models and cutting
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In this article 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT 2024 Toyota Grand Highlander Toyota CHICAGO — Toyota Motor is expanding its segment-leading, three-row crossover lineup with the new 2024 Grand Highlander, including two gas-powered hybrid offerings. The automaker revealed the vehicle as a bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday night.
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BorgWarner has appointed Hau Thai-Tang, who retired last year after a long career at Ford Motor Co., to its board of directors. Thai-Tang held top roles in Ford’s product development and purchasing departments in his 34 years at the automaker. BorgWarner, in a Wednesday news release, praised Thai-Tang for developing “an industry leading product portfolio
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8:21 AM ET FIA president Mohammed Ben Sulayem, head of motorsport’s governing body, has stepped back from overseeing Formula One in a day-to-day capacity. Ben Sulayem was elected on a manifesto which included the restructure of race control and the FIA’s F1 operation as a whole. FIA single-seater boss Nikolas Tombazis will take over that
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