Month: February 2023

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000
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3:25 PM ET There will be just three days of preseason testing before the opening race weekend of the 2023 Formula One season, and they are about to get underway Thursday through Saturday. The number of test days has been halved this year due to stability in the regulations from last year, and all three
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An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.
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SHANGHAI – Volkswagen Group’s joint venture with China’s SAIC Motor has appointed Jia Jianxu, a veteran executive at the state-owned Chinese automaker, as its new general manager. Jia has more than 20 years of experience in the auto industry and was in charge of SAIC’s European market expansion, according to SAIC-VW’s statement. Both automakers have
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11:12 AM ET Formula One’s preseason officially kicks off this week with three days of testing at the Bahrain International Circuit, but all 10 teams have already unveiled their cars to the world over the past few weeks. We saw a handful of big ‘season’ launches, as they appear now to be known — some
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DETROIT — Jim Farley has grand ambitions to transform Ford Motor Co., but the third-year CEO finds himself hampered by a problem that has vexed Ford leaders for decades: managing a massive company with a notoriously siloed — and sometimes dysfunctional — culture. Next week marks one year since Farley split the automaker into separate
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The smallest Cadillac crossover SUV just received an overhaul. On Monday, the 2024 Cadillac XT4 debuted with a refined exterior design and an revised dashboard featuring the automaker’s latest whiz-bang technology. Set to continue in three trim levels including Luxury, Premium Luxury, and Sport, the refreshed XT4 will hit dealers this summer after production commences
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