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For new-vehicle shoppers who have their eye on Porsche’s newest model — the all-electric Taycan — the sports car maker has a message: Be patient. Porsche estimates a 6-to 9-month wait for Taycan deliveries. Geopolitics and the pandemic conspired to kneecap Taycan sales last year. Porsche delivered 34,801 units in 2022, down 16 percent from

The all-electric Porsche Taycan Turbo. Source: Porsche AG Luxury automaker Porsche AG issued an ambitious long-term outlook of more than 20% of return on sales, after posting record 2022 earnings on Monday on the back of higher deliveries. The carmaker said its operating profit rose by 27% to 6.77 billion euros ($7.23 billion) last year,

WASHINGTON — The Alliance for Automotive Innovation said Monday it had elected Bob Nelson, American Honda Motor Co.’s executive vice president of corporate services, as its 2023 board chair. Nelson succeeds Kumar Galhotra, president of Ford Blue, Ford Motor Co.’s internal combustion business. “In my 36 years with Honda, the auto industry has never faced

In this article RIVN AMZN Follow your favorite stocksCREATE FREE ACCOUNT One of Amazons new electric delivery vans from Rivian gets ready to leave the Amazon Distribution Facility on Cyber Monday on November 28, 2022 in Aurora, Colorado. Rj Sangosti | Denver Post | Getty Images Rivian and Amazon are in discussions to adjust the

5:13 PM ET Associated Press GAINESVILLE, Fla. — Tony Stewart ended up in the NHRA winner’s circle to start 2023 — as a team owner. Stewart red-lighted in the second round of eliminations in the Top Alcohol class Saturday, but the three-time NASCAR champion finished drag racing’s season opener with Matt Hagan, one of his

The number of vehicles cut at North American plants so far this year because of the microchip shortage more than tripled last week, according to the latest estimate by AutoForecast Solutions, which added about 343,800 vehicles to its forecast. Automakers are front-loading their production cutbacks because of the ongoing shortage, which is expected to improve

General Motors Co. is exploring uses for ChatGPT as part of its broader collaboration with Microsoft Corp., a company executive told Reuters. “ChatGPT is going to be in everything,” GM Vice President Scott Miller said in an interview last week. The chatbot could be used to access information on how to use vehicle features normally

4:13 PM ET Associated Press AVONDALE, Ariz. — Kyle Larson won the pole Saturday for the NASCAR Cup Series’ United Rentals Work United 500 at Phoenix Raceway on Sunday. Larson’s 130.237 mph lap in his No. 5 Chevrolet was another positive for Hendrick Motorsports, which finished 1-2-3 in Las Vegas last weekend, led by race

The use of fake identification to fraudulently purchase vehicles at dealerships is a rapidly growing trend, said Doug Fusco, founder of Dealer Safeguard Solutions. After a lull in synthetic identity theft during the COVID-19 pandemic, the use of fake identification to commit fraud has started to “explode,” Fusco said. Dealer Safeguard Solutions is part of

Gotion Inc.’s multibillion-dollar electric vehicle battery factory proposal in Michigan has swelled by 1 million square feet and 200-300 additional jobs despite lingering uncertainty that the project will even happen. The Chinese battery parts manufacturer has presented a revised plan to local officials that would increase its initial footprint by a third, calling for the

Lamborghini is lifting the wraps on some powertrain specs for its first plug-in hybrid supercar, set to be unveiled this month in Europe. The as-yet-unnamed sports car will rely on a newly engineered, midmounted, naturally aspirated 6.5-liter V-12 engine coupled with three electric motors, Lamborghini says. One will be mounted transversely and integrated into the

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.

Tesla’s Cybertruck will have limited appeal and most likely be a “enthusiast/cult car” rather than serious competition to the Ford F-150 and other legacy pickups, concludes a Morgan Stanley analyst who is generally bullish on Tesla. “We regularly speak with clients who believe Tesla may sell hundreds of thousands of Cybertrucks annually,” said analyst Adam

gilaxia If you’re in the market for a new car, be prepared for the possibility of paying more than sticker price. The average new-car price in February was $45,296, compared with the average manufacturer’s suggested retail price, or MSRP, of $41,637, according to new research from iSeeCars.com. An estimated 31% of new vehicles were sold

6:43 PM ET Associated Press Jenson Button will make his NASCAR debut later this month at Circuit of the Americas, the first of three Cup Series races scheduled for the former Formula One world champion. Button puts two former F1 champions in the field for the March 26 race on the permanent road course in

Tesla Inc. didn’t put on a splashy product show at its highly anticipated Investor Day earlier this month. There were no fresh details about its upcoming Cybertruck, no news on updates to the Model 3 sedan or Model Y crossover and no sneak peek at a coming mainstream model that’s expected to kick off a

In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT 1962 Ferrari 250 GT SWB California Spider Courtesy of Gooding & Company, Images by Mathieu Heurtault. Wealthy car collectors spent a record amount at the classic-car auctions at Amelia Island over the weekend, suggesting the market remains strong despite recession fears and falling stocks. Total

9:02 AM ET Chase Elliott broke his leg snowboarding last week, keeping him out of Sunday’s Pennzoil 400 in Las Vegas. Sean Gardner/Getty Images People are going to be people. Racers are going to be racers. Chase Elliott? He was doing nothing more than being Chase Elliott. That’s how the 2020 NASCAR Cup Series champ broke

Mercedes-Benz has unveiled a digital-focused store redesign aimed at dialing down the high-pressure, transactional experience that has defined auto retail. The luxury automaker is also experimenting with alternative formats, including small-footprint showrooms in retail centers and service-only sites. Automakers are giving their retail strategies a rethink in response to the emergence of online car-shopping and

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM DETROIT – General Motors will offer

3:30 PM ET Associated Press Meyer Shank Racing has fired the technical director for its sports car team after IMSA ruled Wednesday the team manipulated tire pressure data while winning the season-opening Rolex 24 at Daytona. IMSA said that Honda Performance Development self-reported the manipulation after the results of the January race were official. IMSA

YOKOHAMA, Japan — In a push to sell less-costly, better-performing electrified vehicles, Nissan is planning a next-generation electric powertrain lineup that will debut in 2026. The new technology will enable Nissan to achieve price parity between its internal-combustion offerings and its e-Power hybrid offerings in 2026 and its full-electric and gasoline-burning vehicles in 2030, executives

In this photo provided by the Contra Costa County Fire Protection District, firefighters are seen at the scene of a fatal accident involving a Tesla and Contra Costa County fire truck on Feb. 18, 2023, in Contra Costa, California. Contra Costa County Fire Protection District Federal vehicle safety regulators initiated a new, special crash investigation

1:07 PM ET Associated Press Kimi Räikkönen will again enter a NASCAR Cup Series race, this time at Circuit of the Americas, where the Finnish driver scored the final victory of his Formula One career in 2018. Räikkönen will again race for Trackhouse Entertainment Group in its special Project91 entry that is designed to give

Honda Motor Co., which plans to launch a new U.S.-made fuel cell vehicle next year, now intends to use the technology on a second front: powering business offices and factories. The Japanese automaker began operating a fuel cell backup power station last week for the data center at its U.S. corporate headquarters in Torrance, Calif.,

A VinFast VF8 electric car on display in a showroom. Yu Ruidong | China News Service | Getty Images It has been a challenge for Vietnamese electric vehicle maker VinFast to crack the U.S. market amid tough competition and softening demand. VinFast cut monthly lease prices for its first U.S. buyers to $399, down from

As Ford Motor Co. asks many dealers to spend upwards of $1 million to sell future EVs, it also wants retailers to invest in new commercial-focused facilities with larger service bays and expanded hours that it says will boost fixed operations profitability. The automaker in the coming years expects its retail network to open 120

DETROIT — Consumers hoping for a deal this spring on a used car or truck might be out of luck, as wholesale used vehicle prices increased for a third consecutive month in February. Cox Automotive on Tuesday reported wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the

7:51 AM ET Reliability was not the top concern for new Ferrari boss Fred Vasseur before the start of the Formula One season but Sunday’s opening race in Bahrain sent it back up the list of priorities. Charles Leclerc, who led a Ferrari one-two from pole at Sakhir last year, lost power and retired 17

Installing electric vehicle chargers at dealerships is proving to be complicated and costly. There are problems with utilities and city planning departments. There are different types and numbers of chargers to install. Dealers are finding there is no one-size-fits-all solution. “The more we dig into this whole shift, it’s becoming more and more apparent that