Month: May 2023

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Drivetrain components and systems manufacturer American Axle & Manufacturing on Friday reported a first-quarter net loss of $5.1 million. That’s compared with net income of $1 million in the first quarter of 2022. In a Friday morning call, executives attributed losses to new program launch costs, material and labor inflation and market inefficiencies caused by
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George Russell has labelled Max Verstappen pathetic for his behaviour after their collision during the Azerbaijan Grand Prix. Verstappen called Russell a “d—head” after the Mercedes driver forced him wide during the Baku sprint race. The reigning world champion later referred to Russell as “Princess George” in an interview with the Dutch media. Russell likened
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As part of its ongoing efforts to connect with Black consumers, Hyundai Motor America today launched a choose-your-own-adventure style campaign highlighting the love between a real-life couple. Hyundai’s “Choose Yours” campaign revolves around two 60-second spots starring actors Alonzo B. Slater and Mea Wilkerson. Each of the two commercials plays off of the “pick a
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Hazel Southwell May 4, 2023, 12:43 PM ET Porsche is one of the automotive sector’s leading investors in synthetic-fuel development, designing the 911 GT3 Cup to run on e-fuel. Porsche AG The Federation Internationale de l’Automobile (FIA) has promised that every series it presides over, from karting to rallying to Formula One, will use 100% carbon-neutral
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Sales of full-electric vehicles in 2023 are expected to take a hit in the U.K. from inflationary pressures and lack of charging points, though the overall outlook for British new-car registrations has improved, the UK’s auto industry body, the Society of Motor Manufacturers and Traders (SMMT), said. The SMMT has downgraded its forecast for battery
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