Month: April 2023

In this article F Follow your favorite stocksCREATE FREE ACCOUNT DEARBORN, Mich. — New video footage of a fire involving a Ford F-150 Lightning this year highlights a growing concern around electric vehicles: volatile fires from the batteries that power them. The previously unreleased footage, which CNBC obtained through Michigan’s Freedom of Information Act from
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By Joey Klender Posted on April 20, 2023 Lucid Group has announced the first deliveries of the “Stealth Look” Air sedan, bringing the “Dark Side” to its all-electric sedan. The Lucid Air equipped with the Stealth Look personality brings an optional darker exterior design theme, bringing an “overtly sporting personality” to the car. Unveiled last
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Mecum Accelerated: The best sales from Mecum Auctions Houston 2023. #Mecum #MecumAuctions #MecumOnMotorTrend 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 your MotorTrend Streaming Free Trial today! https://www.motortrendondemand.com/freetrial Follow MotorTrend for the latest! MotorTrend News:
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BANGKOK — Chinese automaker Changan Auto will invest $285 million in a facility in Thailand to produce 100,000 electric vehicles annually, Thailand’s Board of Investment said on Thursday. The company aims to sell the EVs in Thailand, Southeast Asia, Australia, and South Africa, said the board’s secretary-general, Narit Therdsteerasukdi.  Thailand is Asia’s fourth-largest autos assembly
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Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility? Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the
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Renault Group reported better-than-expected sales in the first quarter on robust demand for new models such as the Austral sport utility vehicle and improving supply of key auto parts such as semiconductors. Group revenue rose 29.9 percent to 11.5 billion euros ($12.6 billion), the French carmaker said Thursday, above analyst estimates of €11.3 billion. Renault
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WASHINGTON — Electric vehicles from Volkswagen Group of America and some EVs made by Rivian Automotive will qualify for tax credits under the newly effective battery sourcing rules, the two automakers confirmed Wednesday. All variants of VW’s 2023 ID4 are eligible for the full $7,500 tax credit this year. “The ID4 is already one of
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Toyota displays a new concept electric car — developed jointly with BYD and FAW — at the Shanghai auto show in April 2023. CNBC | Evelyn Cheng BEIJING — Toyota this week began taking orders for its first electric sedan in China, and announced two more models are set to come to the local market
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MotorTrend’s Sean Holman and Christian Hazel ride along the Eastern Sierras in the Rivian R1T to meet Brent Underwood, the newly-minted owner of one of California’s most infamous historic mining towns, Cerro Gordo. Reserve an R1T: https://bit.ly/3o8GjYt Subscribe to Rivian’s YouTube: https://bit.ly/3baumyu MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive
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Ally Financial‘s first-quarter net income fell 51 percent from a year earlier as it collected less revenue from financing and set aside a higher amount to cover potential losses on loans, the Detroit bank said Wednesday. However, its $319 million in net income was an improvement over the fourth quarter of 2022. Ally’s auto lending
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Honda is further leaning into an EV future by committing to a goal of phasing out gasoline cars by 2027 and offering only battery electric vehicles for the China market by 2035. The know-how gained in China will underpin the automaker’s global electrification strategy, senior managing executive officer Shinji Aoyama said at the Shanghai auto
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8:28 AM ET The Australian Grand Prix’s stewards have rejected Ferrari’s attempt to reopen the investigation into Carlos Sainz’s in-race penalty. Sainz dropped from fourth place to last in the final results of the race due to a five-second penalty for making contact with Fernando Alonso at a late red-flag restart. The stewards issued the
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Ford Around With A Mustang And Find Out | Carscoops Fortunately, it doesn’t appear as though any one was injured after this Ford Mustang crashed by Brad Anderson 1 hour ago by Brad Anderson It’s hard to keep count of the number of times we’ve seen a Ford Mustang become the butt of jokes due
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A bill that aimed to prohibit right of first refusal on dealership buy-sell deals failed in West Virginia’s House of Delegates last month, in part on the concern that eliminating it could hamper automakers’ efforts to increase racial diversity among dealers in the state, according to a representative of the state’s dealers association. The right
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