Daimler CEO Ola Kallenius is pursuing a higher valuation for the luxury-car maker as the manufacturer shifts deeper into electric vehicles packed with digital gadgets. Following the spinoff of Daimler’s truck unit in December, the automaker will change its name to Mercedes-Benz on Feb. 1, to signal its segue to a nimble standalone unit tackling
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Lamborghini Philadelphia is putting the “I” into in its “F&I” to make sure customers get what they want. About a year ago the Devon, Pa., dealership began offering auto and homeowners insurance policies to its white-shoe clientele. The move is generating additional revenue for the dealership and fostering goodwill from customers. When selling a new
By Joey Klender Posted on January 28, 2022 Rivian (NASDAQ: RIVN) stock is down 45 percent since its initial public offering in November when shares started publicly trading at around $106.75. Currently, Rivian shares hover around the $55 mark. Its drastic fall in the first few months of being publicly traded is not keeping Morgan
The Jeep Compass received a comprehensive facelift in 2021 which included a number of visual tweaks, a redesigned interior, and a revised powertrain lineup. Since Carscoops has staff residing in Europe, we thought it would be a nice idea to try out the EU-spec model in its flagship plug-in hybrid form so we can see
5:39 AM ET Niamh Lewis When Formula E returned to the streets of London in 2021 for the first time since 2015, it did so against a poignant backdrop. “Race against climate change” is the message on one of the team’s cars and the all-electric series set out as a high performance driver for manufacturers
Officers at the Bulwell, Rise Park, and Highbury Vale Police in the UK were shocked when they caught an 83-year-old man who claims he has been driving without a license or any kind of insurance since he was 12 years old. The man, who had never been stopped by the police before, was caught after seven
In this article .FKRX300 TSLA GM Electric vehicles provide a path to better air quality, reduced fuel costs and comprise a growing new category for automakers. But with the transition to electric transportation comes a new challenge: Vehicles with lithium ion batteries can be especially dangerous when they catch fire. The good news is battery
An extremely rare 1988 Audi 200 Quattro “Nardo 6000” used in a speed record attempt is heading to auction with Bonhams on Feb. 3. In 1988, then-Audi CEO Ferdinand Piëch decided to break speed records held by the Mercedes-Benz C111 diesel prototype since 1978. Three identical Audi 200 Quattro sedans were specially prepared for the
RUTHERFORD, Calif. — Gasoline-powered vehicles are banned inside Inglenook Winery’s vast Infinity Caves, which can be good for the quality of its most popular varietals but problematic for workers trying to move heavy equipment, like the massive stainless-steel fermenting tanks. Among the estate’s 235 acres of grapevines, employees often lug cumbersome generators to keep saws
European plans to gradually phase out diesel powertrains over the next decade are already taking a toll on Italy’s car industry, with a wave of job cuts at suppliers and parts makers around the country. German supplier Robert Bosch on Thursday said it would eliminate 700 jobs over the next five years at its plant
WASHINGTON — As automakers electrify more of their portfolios to meet the EPA’s new and increasingly stringent rules on vehicle emissions, the industry will be looking for additional support to grow the EV market in the U.S. But the uncertain future of the Build Back Better Act — a roughly $2 trillion reconciliation package that
There is a lot of hype surrounding the 2022 Hyundai Elantra N and for good reason. In fact, it appears to be one of the best performance cars on sale at its price point and Doug DeMuro recently put it through its paces. Powering this latest addition to the N family is a turbocharged 2.0-liter
3:17 PM ET Associated Press DAYTONA BEACH, Fla. — Colton Herta will represent the United States in next weekend’s international Race of Champions as the replacement for injured driver Travis Pastrana. Pastrana said this week he broke his back and hip in a BASE jumping accident. Herta will take his place alongside seven-time NASCAR champion
With a point gained for its muck-running talent, and one lost to its imprecise road feel, the Wrangler chalks up a 5 for performance, based on the most common versions with the standard engine and an automatic transmission. How fast is the Jeep Wrangler? The Wrangler’s most common powertrain combines a 285-hp 3.6-liter V-6 with
Tired of causing chaos on Earth, Elon Musk has set his sights on the Moon. According to the BBC, a Falcon 9 rocket launched by SpaceX in 2015 is on a collision course with the heavenly body. If the rocket hits the lunar surface, SpaceX would win the dubious honor of causing the “first known
On this episode of The Downshift, we take a look at the stylish world of Cafe Racers and the vintage motorcycles they love. The Downshift appears every Tuesday on the new Motor Trend channel. http://www.youtube.com/motortrend Subscribe now to make sure you’re in on all the action! http://www.youtube.com/subscription_center?add_user=motortrend Facebook – http://facebook.com/motortrendmag Twitter – http://twitter.com/motortrend Google+ –
In this article TSLA Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Tesla shares dropped around 8% on Thursday during early trading, after the company said it would
The proliferation of electric vehicles and charging stations in the coming years could alter the relationship between drivers and where they park. Paul Vosper, CEO of EV charger manufacturer JuiceBar, said that as the vehicle charging network becomes more robust, it creates the potential for a new “vehicle-to-building” system, meaning that while an electric vehicle
MILAN — Stellantis said its unit FCA Italy and other Italian subsidiaries had repaid a 6.3 billion euro ($7 billion) loan to Italy’s top lender Intesa Sanpaolo. The loan was “instrumental” in the restart of industrial production after the COVID-19 outbreak and provided continuity for key investment projects, the company said in a statement on
How much information should self-driving technology companies be required to divulge about the safe operation of their vehicles? That question lies at the heart of a lawsuit Waymo filed last week against the California Department of Motor Vehicles. Waymo, the commercial descendant of Google’s self-driving car project, said in court filings that the DMV may
Tesla gave an update on the status of its in-house production of the 4680 battery cell. The company didn’t want to confirm a production capacity, but it did say that it doesn’t expect to have supply constraints from it this year. In 2020, Tesla unveiled its new 4680 battery cell, a new tabless cylindrical cell
10:19 AM ET Michael Masi, the Formula One race director at the centre of the controversy surrounding last year’s Abu Dhabi Grand Prix, could be replaced in his role in 2022, according to an FIA official investigating the matter. Last year’s championship result continues to be a source of controversy in the sport and has
What kind of car is the 2022 Alfa Romeo Stelvio? What does it compare to? Based on the Giulia sport sedan, the Alfa Romeo Stelvio is a sporty compact crossover with standard rear-wheel drive and optional all-wheel-drive. It takes on excellent crossovers like the Audi Q5, BMW X3, Mercedes-Benz GLC-Class, and Porsche Macan. Is the
A two-lane bridge in Pittsburgh collapsed before 7:00 AM this morning, injuring 10 people. Fortunately, none of the injuries were life-threatening and only three of the people involved were sent to hospital with only minor injuries. The bridge was on Forbes Avenue over Fern Hollow Creek in Frick Park. The collapse prompted rescuers to rappel
The highly transmissible omicron Covid-19 variant has some travelers thinking twice about air travel again. While travel bookings are surging this year, some people are sticking with one of the biggest trends to have emerged from the pandemic: the road trip. “With driving you can significantly lower your risk of exposure when interacting with large
Jeep kicked off the arrival of its redesigned Grand Cherokee early last year by launching a new three-row variant dubbed the Grand Cherokee L, priced from a very reasonable $38,690 for the 2021 model year. The regular two-row version of the redesigned Grand Cherokee went on sale late last year as a 2022 model, priced
General Motors CEO Mary Barra says her first ride in a completely driverless car was “nothing short of incredible.” For GM President Mark Reuss, the experience was “mind-blowing.” A video posted Thursday by Cruise, the self-driving vehicle company that’s majority-owned by GM, shows the executives trying out autonomous technology for the first time with no
SHANGHAI — Guangzhou Automobile Group (GAC) rebuked Stellantis for announcing plans to increase a stake in their joint venture without the Chinese automaker’s approval. In a statement on Thursday, Stellantis said it was planning to increase to 75 percent its stake in the joint venture with GAC, which produces Jeep vehicles. Stellantis and GAC currently
TOKYO – The world’s biggest automaker got bigger in 2021 and by a bigger margin. Japanese juggernaut Toyota Motor Corp. clinched the world sales title again last year and expanded its lead over No. 2 Volkswagen Group by deftly dodging the global semiconductor shortage. Toyota rocked the sales charts by chalking a 10.1 percent increase
Nissan has released the first teaser image and video of the all-electric successor to the Micra supermini for Europe. Designed by Nissan, the model will be based on the Renault Nissan Mitsubishi Alliance’s new CMF B-EV platform shared with the future Renault 5 EV. Both vehicles will be built at Renault ElectriCity in northern France,