Renault Group is inviting investment banks to pitch for a role on the planned initial public offering of its Ampere electric-vehicle business, according to people familiar with the matter. The French carmaker has been sending out requests for proposals to potential IPO underwriters in recent days, the people said, asking not to be identified because
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
Police Record 50 Crashes And Make Over 100 Arrests For Illegal Drag Racing Outside Texas 2K Event | Carscoops Police seized at least 10 cars that they intend to take away from their owners permanently by Stephen Rivers 1 hour ago by Stephen Rivers During last week’s annual Texas 2K drag racing event in Baytown,
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
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
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
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
Can You Help Find A Hotchkis Dodge Challenger T/A Stolen At South Carolina Car Show? | Carscoops Suspension company’s own promo car, its covered trailer and Ford F-150 all disappeared from Myrtle Beach last weekend by Chris Chilton March 22, 2023 at 18:35 by Chris Chilton Car shows are a great way for like-minded enthusiasts
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.
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
How can pizza delivery be more “en-pie-ronmentally friendly?” A fleet of custom-wrapped Domino’s electric delivery vehicles, emblazoned with this cheesy pun, has hit the streets of southeast Michigan to answer that question. Now the EVs are serving up pizza and brand visibility across nine locations in suburban Detroit as part of a wave of electrification
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT The Chevrolet Camaro ZL1 starts at about $62,000 and is powered by a 650-horsepower V8 engine, a considerable upgrade over the roughly $26,000 base model. Source: General Motors DETROIT – General Motors will end production of the Chevrolet Camaro in its current form early next year, as
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
Sumitomo Rubber Industries’ Falken Tires plant in Thailand will become host to the world’s largest rooftop solar array on a single facility. Sumitomo Rubber Industries, which was founded in 1909 by UK tire maker Dunlop, was Japan’s first tire manufacturer. It’s the fifth-largest tire manufacturer in the world, and it sells its tires in more
BRUSSELS — Italy has warned the European Commission that it will only support a solution to unblock the EU’s planned phase-out of combustion-engine cars by 2035 if it allows the sale of cars running on biofuels to continue after that date. The European Union is racing to save its main policy for cutting car CO2
Chick-Fil-A Trip Ends With Pickup Truck Flipped On Its Roof | Carscoops A Dodge Caliber crashed into the pickup before ending up stuck on a fence by Stephen Rivers 13 hours ago by Stephen Rivers Chick-Fil-A is well-known for its surprisingly fast and pleasant drive-thru experience. That wasn’t the case on Monday at about 10
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
In this article 175-HK Follow your favorite stocksCREATE FREE ACCOUNT Chinese automaker Geely beat revenue expectations for 2022, sending shares surging Wednesday. Shares of Geely spiked as much as 7%, before settling down to trade nearly 3% above its previous close. Geely reported its 2022 revenue surged 45.6% from a year ago to 148 billion
The United States automobile market is experiencing a huge transformation towards 100% all-electric mobility and the process is accelerating. We recently saw reports for the month of January, when the share of new light-duty, battery-electric vehicle (BEV) registrations in the country exceeded 7 percent of the total volume. But not only is the general volume
The HiPhi Sure Looks Like A Spaceship But Is It Actually Any Good? | Carscoops The HiPhi Z has perhaps the most intriguing infotainment display of any production car by Brad Anderson March 17, 2023 at 14:00 by Brad Anderson Few, if any, electric cars make quite as much of an impression on the road
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
Texas Cops Arrest Street Racers Only To Then Join Them In Sanctioned Dirt Race This Saturday | Carscoops A guy who was arrested challenged the cops – and they accepted to settle the score on the dirt track in a friendly race by Stephen Rivers March 21, 2023 at 19:35 by Stephen Rivers A few
With Tesla Inc‘s plan to open a $5 billion Gigafactory in Mexico, the country should soon become a hub of electric vehicle production, but EVs remain too expensive for most Mexicans and they are impractical to drive in much of the country, which lacks enough charging stations. Mexico has made reviving fossil fuel output a
The 2023 FIA World Endurance Championship got underway last week with the 1000 Miles of Sebring. The race was significant for two main reasons. First, the new LMDh category of cars competed for the first time in the premier Hypercar class alongside cars from the existing LMH category. Second, Ferrari made its return to top-level
A cellphone used as a dash cam paired with a driver safety app is helping users implement safer driving behavior, data from Driver Technologies Inc. shows. The Parkersburg, W.Va., company’s Driver mobile app allows a cellphone to be used as a dash cam by recording trips. It also offers safety features such as visual and
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
BERLIN — Mercedes-Benz must pay compensation for unauthorized so-called defeat devices in diesel cars if the buyer suffers damages, the European Court of Justice (ECJ) ruled. It is up to German courts to decide whether the software in question qualifies as a defeat device and whether its use is justified, the court said in a
6:45 AM ET Mercedes boss Toto Wolff said his team are “changing things” in a bid to improve their position ahead of the Australian Grand Prix on April 2. Speaking to reporters at the Saudi Arabian Grand Prix, team principal Wolff said he would have no shame if the revamped car ended up resembling a
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