5:19 AM ET Brazil’s triple Formula One champion Nelson Piquet must pay $953,050 (5 million Brazilian Reals) in moral damages for racist and homophobic comments against Mercedes driver Lewis Hamilton, a Brazilian court ruled on Friday. In an interview in November 2021, Piquet used a racial slur referring to the seven-time world champion, when commenting
Month: March 2023
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DETROIT — Ford Motor Co. last week confirmed what many had long assumed: Its electric vehicles are big money-losers — for now. But in re-segmenting its earnings reports to disclose profits and losses for its electric, internal combustion and commercial vehicle businesses, the automaker is giving Wall Street a more detailed road map of what
SHANGHAI – Chinese battery giant CATL plans to start this year the mass production and delivery of batteries based on a new materials technology, M3P, which will perform better and cost less than nickel and cobalt-based batteries, the major supplier’s chairman said. M3P batteries will have greater energy density and perform better than lithium ion
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford’s BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is scheduled to begin production in 2025. It will be home to Ford’s second-generation electric truck, code named Project T3, and will be capable of producing 500,000 EV trucks a year at full
Some Hyundai Ioniq 5 owners are complaining that the 12-volt batteries on their cars are draining for no apparent reason. If you check the InsideEVs Forum, there are several submissions from Ioniq 5 owners who experienced this problem, the earliest one from July 2022. Basically, these owners state that their 12-volt battery – the one
Germany’s transport minister on Friday said he was optimistic a dispute between Berlin and Brussels over the future of combustion engine cars running on e-fuels was close to resolution, though some questions still needed clarifying. Berlin has been in talks with the European Commission over the past weeks about allowing registrations of cars running on
4:03 PM ET The Las Vegas Aces, the reigning WNBA champions, have added to their championship credentials. Seven-time Super Bowl champion Tom Brady acquired a minority stake in the team whose majority owner is Las Vegas Raiders owner Mark Davis. “I have always been a huge fan of women’s sports, and I admire the work
Hackers Walk Away With Tesla Model 3 And $100,000 In Cash – But It’s Not What You Think | Carscoops A Tesla Model 3 was compromised as part of a hack event, with the findings set to be given to the company by Sam D. Smith 1 hour ago by Sam D. Smith A group
Paul Napleton and stepson Danny Randolph of Napleton Auto Group acquired five dealerships in three transactions last year to grow their partnership. Paul Napleton is the brother of Edward Napleton, CEO of Napleton Automotive Group, based in Oakbrook Terrace, Ill. Napleton and Randolph on Aug. 29 acquired Don McCue Chevrolet in St. Charles, Ill., from
Ford unveiled an electric Explorer for Europe, we drove the 2023 Genesis Electrified GV70, and we also piloted the 2023 Dodge Hornet. It’s the Week in Reverse, right here at Motor Authority. The electric Ford Explorer became a reality, but some Americans watched the debut longingly as the iconic nameplate won’t come to the U.S.
BEIJING — The Wuhan Economic Development Investment Co. plans to invest 50 billion yuan ($7.30 billion) to build an innovative automobile corridor in the city that will focus on new energy vehicles, automotive electronics, automotive chips and the automotive aftermarket. In a statement on Thursday, the state-owned company said in cooperation with several major banks
In this article LAZR LAZR Follow your favorite stocksCREATE FREE ACCOUNT A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar’s Iris, to showcase the differences in the technologies. Michael Wayland / CNBC Lidar maker Luminar Technologies, stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case
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By William Johnson Posted on March 23, 2023 Hyundai has been allegedly caught benchmarking a Tesla Model 3 by a Twitter user who rented the car out on Turo. While Tesla is currently in a dominant position within the EV market of the United States, Hyundai hopes to change that in the coming years, and
Dacia and MG were big winners in France, where inflation is steering private car buyers toward less expensive models. The Dacia Sandero was the top-seller last month in France’s private market, which grew 19 percent, helping the overall market increase by 9.4 percent. The Sandero small hatchback was joined in the ranking of France’s top
7:32 AM ET Toto Wolff thinks Mercedes has missed the straightforward approach of former non-executive chairman Niki Lauda, especially during the struggles of the last year and a half. Three-time champion Lauda was an integral part of the dominant Mercedes team up until his death in 2019. Lauda was frequently at races in that role
Watch 100 Teslas Performing A Light Show For Oscar-Winning Song “Naatu Naatu” | Carscoops The EVs honored the first Indian song to ever win at the Oscars by Thanos Pappas March 22, 2023 at 10:41 by Thanos Pappas A large number of Tesla owners gathered last weekend in a New Jersey parking lot in order
STANTON, Tenn. — Ford Motor Co. on Friday said its BlueOval City manufacturing plant here will be able to produce 500,000 electric pickups per year when it comes online in 2025. The site will build a next-generation truck that CEO Jim Farley has said would not be another F-150 Lightning. Ford on Friday said the
In this article OUST Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar
Lucid Motors is in the process of delivering all four of the original trims of its flagship Air sedan promised when the ultra-long range EV made its initial debut a couple years ago. We’ve had a chance to experience several of those models inside and out, but have wondered when the promised addition of Apple
Volkswagen Group is hearing extremely high interest from investors for a stock market listing of its battery unit PowerCo, the chairman of the automaker’s largest shareholder Porsche SE said. “We are hearing from Volkswagen that interest is extremely high on the subject of PowerCo. That should be a positive case,” Chairman Hans Dieter Poetsch said
9:00 AM ET Jenson Button will take part in three NASCAR Cup Series races in 2023, beginning this weekend at the Circuit of the Americas. James Gilbert/Getty Images “If I’m being honest, never in a million years …” Jenson Button, the 15-time Formula One race winner, is speaking for himself. At least, that is his intent.
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WASHINGTON — U.S. Rep. Darrell Issa, R-Calif., reintroduced a bill Wednesday that would amend U.S. patent law by reducing the time automakers can enforce design patents on collision repair parts to two and a half years from 14 years against aftermarket parts suppliers. The bill — known as the Save Money on Auto Repair Transportation,
The 2024 GMC Hummer EV SUV is a show off. The 9,000-pound beast sprints to 60 mph in 3.5 seconds. It has an air suspension that can adjust the ground clearance by 9.7 inches. Its rear-wheel steering has a Crab Walk feature that enables it to move diagonally. And it has video game graphics with
Self-driving technology company Cruise is expanding its California ambitions beyond San Francisco. Company executives asked California regulators Monday to amend their existing permit to allow for testing of autonomous vehicles throughout the state. Cruise’s efforts have been restricted to specified areas of San Francisco. Should the California Department of Motor Vehicles grant the company’s request,
Club holdings Apple (AAPL) Ford Motor (F) and Estee Lauder (EL) were in the news Thursday. Here are the headlines and the implications for the Club’s investment thesis for each name. Apple AAPL YTD mountain Apple’s stock performance year-to-date. The news: Apple is planning to ratchet up spending on movies to release in theaters, and
Jarod DeAnda and Jeff Glucker tell the story of The Snow Cruiser! Watch a FREE FULL EPISODE of Super Turbo Story Time NOW on MotorTrend+ ➡️ https://motortrend.com/stst #SuperTurboStoryTime #MotorTrend MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive research and news. Get a fast, simple, and free car quote today ➡️
Depending on who you ask, the GMC Hummer EV is either awful or awesome. It’s a brute that’s cheap as hell inside and a pain in the ass to drive 95 percent of the time. But it’s also fully electric, rips to 60 in 3.5 seconds, can ford 2.5 feet of water, and has the
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