Month: March 2023

Audi will be renaming its model lineup to make a clear distinction between full-electric and internal-combustion vehicles as it prepares a major EV product push, CEO Markus Duesmann said. Even numbers will be used for EV-only models, while odd numbers will designate internal combustion ones, including plug-in hybrids, Duesmann told journalists last week at Audi’s annual
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DETROIT — Ford Motor Co. expects its electric vehicle business to lose $3 billion this year, even as it forecasts increased profits on its internal combustion and commercial vehicle operations. The automaker on Thursday projected that losses from its EV unit, called Model e, will increase nearly 50 percent in 2023 from $2.1 billion last
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In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors‘ self-driving vehicle unit Cruise acknowledged that some of its cars stalled out on city streets in San Francisco following rainstorms that downed trees there on Tuesday night. A witness to the Cruise robotaxi failures, John-Phillip Bettencourt, shared photos of the stalled vehicles on
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By Maria Merano Posted on March 22, 2023 SpaceX officially announced the availability of Starlink internet service in Haiti. In November 2022, Resscop & Delaorte, Inc. announced that Starlink would be available in Haiti, serving customers in rural and underserved communities. Resscop & Delaorte, Inc. explained the impact Starlink services could have in Haiti.  “Starlink’s
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Nio is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong. “We are very confident to achieve our sales target in 2023,” Feng said in an interview with Bloomberg Television on Wednesday. That
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Production of the Chevrolet Camaro sports car will end after the 2024 model year. The last sixth-generation Camaro, which debuted as a 2016 model, will leave General Motors‘ Lansing Grand River Assembly plant in January, Chevrolet said Wednesday. There was no immediate plan to replace the Camaro, though the brand hinted at a future possibility.
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In a release, the GM brand suggested that the Camaro was heading into “retirement,” after a nine-year run in its current iteration. The last Camaros will be built in January 2024 at the Lansing Grand River Assembly Plant in Michigan. During that span, the sixth-generation Chevy Camaro earned kudos for its vastly improved handling, for
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Celebrate Women’s History Month and enjoy this free full episode of Life Size on MotorTrend’s YouTube Channel! Stream Life Size on MotorTrend+ ➡️ https://motortrend.app.link/kA0TrZ643xb #LifeSize #MotorTrend #WomensHistoryMonth 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 ➡️ https://quotes.motortrend.com Start
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Italian luxury sports car maker Ferrari was hit with a ransomware attack that exposed customers’ personal information. It’s not clear when Ferrari’s Italian subsidiary was contacted by a hacker or group with a ransom demand related to the exposure of customer information nor did Ferrari disclose the ransom amount. Ferrari said it is investigating the
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MILAN — Italian-Japanese auto parts maker Marelli has reached an agreement with unions to cut 400 jobs in Italy voluntarily, amid rising costs of raw materials and falling sales due to supply chain problems. “On redundancies a framework agreement was reached that rules out forced layoffs,” Italian unions said in a joint statement after striking
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford revealed the electric 2023 Explorer for Europe on March 21, 2023. Ford DETROIT — Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV
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By Maria Merano Posted on March 20, 2023 Tesla scored a Baa3 rating from Moody’s Investors Services for a stable outlook.  Moody’s withdrew Tesla’s former Ba1 corporate family rating, the Ba1-PD probability of default rating, and its SGL-1 speculative grade liquidity rating.  “The rating action reflects Moody’s expectation that Tesla will remain one of the foremost
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