Month: April 2023

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SHANGHAI — The Shanghai auto show was eye-opening for the sheer number of Chinese brands seeking to satisfy local buyers’ cravings for new high-tech models. Keen pricing, driven by cut-throat competition and a maturing local battery supply chain, means the consumer is currently king, which is giving brands a financial headache. Not every new model
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Private equity and other investors funneled $394 million into U.S. transportation technology startups in March, about a 43 percent decline from the previous month, according to data compiled by Automotive News. Investment by venture capitalists, companies and others into burgeoning advanced transportation technology companies has cooled sequentially from $1.16 billion in January to $690.5 million
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6:24 PM ET Associated Press Craig Breedlove, who set land-speed records by topping 400, 500 and 600 mph in jet-powered cars nicknamed Spirit of America, has died. He was 86. Breedlove died at his home in Rio Vista, California, on April 4. His wife, Yadira Breedlove, said the cause of death was cancer. Breedlove battled
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The industry disruption that followed the COVID-19 pandemic, which left dealership lots bare and shoppers struggling to find cars, has turned the buying process on its head. “Customer service everywhere has gotten significantly worse since the pandemic,” said Matthew Phillips, CEO of Car Pros, a dealership group operating seven stores in California and Washington. “Organizations
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In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake
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Hyundai and Bryan Herta Autosport have bolted into this year’s racing season on a new circuit (IMSA) and in a new car (Veloster N TCR). And you can catch the first round of thrills from Daytona, Sebring and Mid-Ohio in episode 1 of Pole Position: Next Level. Watch now! #HyundaiRacing #Motorsports
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UAW President Shawn Fain on Friday said the union’s relationship with Stellantis has been “fractured” by the company’s decision to indefinitely idle its Belvidere Assembly Plant in Illinois, with the future of the facility a likely flashpoint in upcoming contract negotiations. “When the CEO of the company can fly over here and go to our
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5:10 PM ET Associated Press INDIANAPOLIS — Scott Dixon‘s opinion about Sunday’s crash hasn’t changed, nor has Pato O’Ward‘s respect for the six-time IndyCar champion. Four days after the two drivers tangled in Long Beach, they arrived for the first of two Indianapolis 500 test sessions without speaking to one another. “No,” Dixon said when
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