Month: September 2023

In this article F RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian Automotive (RIVN) shot up 6% on Tuesday after Wall Street analysts made an upbeat call on the electric vehicle maker. Baird named Rivian a “bullish Fresh Pick,” expecting third-quarter deliveries to beat estimates, citing improving margins at the company and stronger underlying demand
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PARIS — Renault is ending its common purchasing agreements with alliance partners Nissan and Mitsubishi with a view to having a more agile structure that can make decisions more quickly. The move is aimed at better adapting to automotive markets that are becoming more regional due to differences in regulations, such as over electrification and
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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AutoNation Inc. has followed two rivals into the bidding war for Pendragon, the large auto retailer in the United Kingdom that just a week ago looked poised to be sold to Lithia Motors Inc. In a Tuesday regulatory filing, Pendragon said it received an unsolicited proposal from AutoNation to acquire the company for 32 pence,
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Aston Martin’s Jess Hawkins became the first woman in nearly five years to drive a contemporary Formula One car at an event in Budapest last week. Stunt driver Hawkins, who is signed to the team in a ambassadorial capacity, drove 26 laps in the team’s 2023 car at the Hungaroring circuit which hosts the Hungarian
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In a blow to labor interests, California Gov. Gavin Newsom vetoed a bill Friday that would have essentially prohibited self-driving trucks from traveling on the state’s public roads. Assembly Bill 316 would have mandated autonomous trucks carry a human backup driver behind the wheel, a stipulation that autonomous-vehicle executives bemoaned would negate the purpose of
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Associated Press Sep 25, 2023, 09:20 AM ET IndyCar will return to the Milwaukee Mile next season, and Texas Motor Speedway is off the calendar for the first time since 1997 in the 2024 schedule released Monday. The 17-race schedule features two Saturday night races, a $1 million all-star race in Southern California, 12 races
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Porsche will switch its flagship model — the Cayenne crossover — to battery power in 2027. Meanwhile, the sports car maker is broadening the nameplate’s lineup with plug-in hybrid offerings. The 2024 Cayenne S E-Hybrid, available in coupe and crossover body styles, will be the third electrified Cayenne model when it arrives in the U.S.
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Associated Press Sep 24, 2023, 08:12 PM ET FORT WORTH, Texas — William Byron took the lead for the first time after the final restart with six laps left to win at Texas Motor Speedway on Sunday, advancing to the round of eight in the NASCAR playoffs while giving Hendrick Motorsports its 300th victory. With
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Automakers have cut about 63,400 vehicles from their production schedules over the previous three weeks because of the microchip shortage, according to the latest estimate by AutoForecast Solutions. Most of those cuts occurred in North America, where automakers axed 56,642 vehicles from plans at their assembly plants since the forecasting firm’s Sept. 1 estimate. Companies
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Korean automobile manufacturer Kia displays the electric vehicle “EV6 GT-Line” during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023. Yasuyoshi Chiba | Afp | Getty Images Indonesia’s EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia’s automotive industry more
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The first Ineos Grenadier SUVs for the U.S. market have started rolling off the production line, Ineos Automotive announced on Friday. The automotive division of British chemical giant Ineos said the first U.S.-bound Grenadier—a Belstaff Fieldmaster grade finished in Scottish White—cleared the quality inspection area at the company’s factory in Hambach, France, in the past
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