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NEW YORK — Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc. in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in the company. Soros, a longtime supporter
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The Hyundai Tiburon is an affordable two-door coupe from Korea with a flashy design, but what happens if you want something more premium-looking? A Korean owner found the solution after transforming his Hyundai into a BMW impersonator. The man who goes under the nickname Dimdi on the Korean forum Bobaedream posted a few photos of
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Day 1 Recap. We’re rolling in our stock 1967 Chevy II Nova for a one-week transformation from grocery getter to gasser in 5 days! Today’s build we have a lot of things to do. We’re going to dismantle the car, bolt in the front and rear suspension (straight front axle), and get the brakes going.
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Nearly four years ago, 45 months to be precise, the first Shift magazine was mailed out with the print issue of Automotive News. It was May 28, 2018. The topic: “Dinosaurs and Disrupters: Who will rule the new automotive age?” As Shift‘s then-editor, Sharon Silke Carty, explained, the mission of the magazine was “focusing on
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WINDSOR, Ontario – North America’s busiest trade link will reopen for traffic on Sunday, ending a six-day blockade, a top U.S. official said, after Canadian police cleared the protesters fighting to end COVID-19 restrictions. Canadian police made several arrests on Sunday and cleared protesters and vehicles that occupied the Ambassador Bridge in Windsor, Ontario, following a
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What kind of vehicle is the 2022 Mitsubishi Eclipse Cross? What does it compare to? The Mitsubishi Eclipse Cross is a small crossover that offers near compact levels of utility for a subcompact starting price. It competes against other value-minded small crossovers such as the Kia Seltos, Hyundai Kona, and Nissan Rogue Sport. Is the
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In this article F Vehicles block the route leading from the Ambassador Bridge, linking Detroit and Windsor, as truckers and their supporters continue to protest against the coronavirus disease (COVID-19) vaccine mandates, in Windsor, Ontario, Canada February 8, 2022. Carlos Osorio | Reuters DETROIT – Canadian truck drivers blocking the nation’s busiest border bridge between
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MILAN — An agreement between the Italian government and Stellantis for the automaker’s planned battery plant in Termoli, southern Italy, will be signed shortly, Industry Minister Giancarlo Giorgetti was quoted as saying. “We are very close to signing the agreement for the gigafactory in Termoli where Stellantis will make batteries. It’s a matter of a
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America may be poised for a rail renaissance, one that could someday fulfill dreams of a high-speed network connecting major U.S. cities. In November, President Joe Biden signed a once-in-a-generation infrastructure upgrade that, among other things, provides $66 billion for rail projects that will modernize existing rail lines, fix notorious trouble spots on the Northeast
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Canadian supplier Magna International said Friday that fourth-quarter net income and revenue fell as lower vehicle production caused by the microchip shortage hampered results. Still, the company raised its quarterly cash dividend by 5 percent to 45 cents a share as it generated solid free cash flow for 2021. North America’s largest auto supplier also
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Chrysler parent company Stellantis is recalling almost 20,000 plug-in hybrid Pacific minivans because of fire risk, the latest incident highlighting the potential hazards involved with the industry’s move toward EVs. An internal investigation found 12 incidents of fires in vehicles from the 2017 and 2018 model years, the automaker said Friday in a statement. All
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