Renault CEO Luca de Meo worked for more than eight months to reboot the automaker’s alliance with Nissan to move beyond a “culture of compromise” that had been the status quo in recent years, he said. In de Meo’s view, a merger was previosly seen as the ultimate goal of the alliance, and as a
Month: February 2023
Ferrari Roma Hangs Mid-Air After Dramatic Elevator Mishap At High-End Dealership | Carscoops No one was injured in the incident, but the combination of a broken Ferrari and a broken car elevator doesn’t sound cheap by Sebastien Bell February 2, 2023 at 12:06 by Sebastien Bell A silver Ferrari Roma was left hanging uncomfortably high
Every maintenance and repair job tells a story. The quality and accuracy, however, varies greatly, depending on the storyteller. That’s because service technicians are trained to fix problems, not document what they do. But the details matter — a lot. Poorly written reports can cost dealerships time, money and customers, said industry veteran Joe McCue,
One incentive for buying an electric vehicle is the potential to make money by charging or discharging at certain times. This seemingly simple task for EV owners could create a more resilient grid and reduce the need for additional power plants as U.S. roads see more EVs. A physical power plant is easy to visualize
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley is frustrated. The company’s fourth-quarter earnings on Thursday missed analyst expectations by a wide margin, as costs and supply chain issues again hurt Ford’s bottom line, Farley knows his company needs to change. related investing news Meta’s Q4 beat and commitment
Subaru of America reports 44,373 vehicle sales in January, which is 0.5 percent more than a year ago and the best January ever, according to the company. For us, the most interesting thing is the sales result of the all-electric Subaru Solterra model (Toyota bZ4X cousin), which was introduced a few months ago. The Japanese
Renault’s board voted in favor on Sunday to reshape the French automaker’s alliance with its Japanese partner Nissan, a source said. The deal will reshape the two-decade-old alliance to put the two companies on an equal footing. Under the agreement, Renault will reduce its controlling stake in Nissan to 15 percent from 43 percent, while
Toyota will use this month’s Chicago Auto Show to introduce a long-promised larger three-row crossover to its U.S. lineup, while Volkswagen and Subaru will rely on the Windy City’s massive McCormick Place to showcase updates to strong-selling crossovers on opposite ends of the size spectrum. The Chicago show is in its 115th year, and with
Did Waze Just Detect This Crash Before It Happened? | Carscoops The Waze app seemingly alerted the driver to a crash mere seconds before a pickup rear-ended a FedEx truck by Brad Anderson 2 hours ago by Brad Anderson Waze is arguably the best navigation app that’s currently available and as this video shows, it
DALLAS — Stellantis’ dealer diversity team likes to build a bench of qualified candidates it can turn to when ownership opportunities arise, but they’ll need to replenish that roster after a whirlwind of activity in the last two years. Stellantis had a net gain of 60 minority dealers in 2021 and 2022 combined after single-digit
Despite many lidar companies going public in recent years, via the special purpose acquisition company process, the industry has taken a hit with some companies shutting down or being acquired over the past year. Lidar technology, which stands for “light detection and ranging,” uses lasers to map the environment. The reliability and cost of the
Ford Motor (F) CEO Jim Farley said the automakers’ messy fourth quarter was a function of its transition to a new business structure that limited production capacity, combined with poor execution. But we remain disappointed in the results and need to see an increase in profitability to stick with the stock after the next quarter.
By William Johnson Posted on February 4, 2023 General Motors (GM) has announced that it will partner with Netflix to have its EV offerings displayed in shows on the streaming platform, but they are far from the only automaker looking to show off its upcoming EVs. GM is no stranger to marketing its EVs in
With “Gymkhana 2022,” rally driver Travis Pastrana attempted stunts never before seen in the gymkhana series—increasing the potential for something to go wrong. Subaru of America’s “Launch Control” YouTube show is doing a three-part behind-the-scenes look at the filming of the latest gymkhana installment, called “Road to Gymkhana.” This third episode (all three were filmed
Somewhat-Annually, Peterson’s Off-Road Magazine holds an in house budget build contest, where staffers are given $2000 to buy and $2000 to modify an off-road vehicle. Check some of the best entries. Stream full episodes of Dirt Every Day for free! http://bit.ly/2Nki8Th
A day after a “frustrating” earnings report, Ford CEO Jim Farley told employees in a letter that he is cutting the percentage used to calculate bonuses for senior leaders including himself. The letter, co-signed by CFO John Lawler and obtained by Automotive News, explained that for 2022, the company’s salaried work force is scheduled to
Every year, the Super Bowl brings an action-packed lineup of ads to our screens, many of which come from leading automakers intent on promoting the latest models. Are they speeding toward brand building or crashing under the weight of high expectations? According to System1’s Test Your Ad database, most commercials in most categories aren’t exactly
4:53 AM ET F1 boss Stefano Domenicali’s bizarre no-show on stage at Red Bull’s season launch was due to a last minute decision not to steal the limelight from the confirmation of the Ford partnership. Domenicali created the viral moment of Red Bull’s car launch at Manhattan’s Classic Car Club on Friday, as he failed
Californian Drivers Keep Ignoring Closed Road Signs Plunging Into Sinkhole | Carscoops When the sign says “road closed”, there’s a very good reason for that by Stephen Rivers 20 hours ago by Stephen Rivers Road closed signs are often in place due to potential hazards like flood water, road maintenance taking place, or in this
Tesla Inc. raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits. Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, a $1,000
Battery startup Our Next Energy Inc. raised $300 million in its series B funding round, the company said Wednesday. The investments valued the Michigan company at $1.2 billion. The company intends to use the funds for building the second phase of a $1.6 billion battery cell factory slated for completion in 2024, company founder and
In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to
A new video of the Tesla Cybertruck’s impressive 4-wheel steering at work has leaked -giving us the best look at the feature yet. Rear-wheel steering is quickly becoming a must-have feature for electric pickup trucks coming to market. Rear-wheel steering, or four-wheel steering, is the ability to steer the rear axle, generally to a smaller
Rationalizing your business in an already high-cost, low-return industry that is undergoing major change is not easy. Look no further than Ford and its Fiesta. The almost 50-year-old small hatchback has been one of Europe’s most popular models. Less than a decade ago, Ford was celebrating it becoming the UK’s best-selling car of all time.
2:11 PM ET NEW YORK — On Friday, Ford announced its return to Formula One as a partner of Red Bull’s nascent powertrains division. The deal will see the famous Blue Oval back on the F1 grid from 2026 onwards, although its involvement in F1 will remain a step short of the likes of Mercedes,
Tesla Model S Plaid’s Daring Underwater Drive Is Successful, But Costly Aftermath | Carscoops Don’t drive a Tesla through water unless you’re prepared to make some costly repairs by Brad Anderson 4 hours ago by Brad Anderson As floods lash parts of New Zealand, an EV enthusiast recently took to Twitter to prove the ‘superiority’
SAN FRANCISCO — A jury cleared Elon Musk of claims by Tesla Inc. investors that he defrauded them when he tweeted 4 1/2 years ago that he was considering taking the company private and had “funding secured” to make the deal happen. The verdict in San Francisco federal court rejects allegations that the electric-car maker’s
TOKYO – Honda will use a new hydrogen fuel cell system jointly developed with General Motors in a U.S.-built CR-V crossover. The fuel cell CR-V will be built in Ohio and will launch in the U.S. and Japan by the end of next year. Europe sales are still under consideration, Honda said in a statement.
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to
Porsche has taken its GT4 e-Performance race car to Sweden, where it’s undergoing a series of tests to prove its credentials in rough weather conditions. Earlier this week the GT4 e-Performance participated in the Race of Champions event, which takes place just 60 miles south of the Arctic Circle. The below video shows the GT4 e-Performance completing several