Both on the ground and in the air, autonomous taxis remain an enticing prospect for financial investment. Two autonomous-vehicle companies revealed substantial funding last week, with Toyota-backed May Mobility raising $83 million in a series C round that keeps the startup on pace to begin “driver-out” operations in 2023. It will take a little longer
BERLIN — BMW will end production of its i3 full-electric car in July as buyers shun the once ground-breaking model even though battery-powered cars are becoming more popular. Originally, the compact hatchback was due to be produced at the plant in Leipzig, Germany, until 2024 due to the high demand for EVs. However, last summer
Automotive mirror supplier Gentex Corp. said shortages in electronic components put a significant drag on its fourth-quarter financial performance compared with a year earlier. The producer of dimming rearview mirrors and camera-based driver-assistance systems said Friday that fourth-quarter net income plunged 41 percent to $84.2 million. Revenue fell 21 percent to $419.8 million. Gentex avoided
The Tesla Model 3 was able to break into the top 20 best-selling cars in Europe (28 European markets, monitored by JATO Dynamics), where plug-in electric cars expanded their share to 19% of the market. According to the data, 141,429 Tesla Model 3 (up 64% year-over-year) were registered (including a record 27,358 in December –
One could have excused Hyundai for playing it safe with the fourth-generation Tucson. After all, it is one of the brand’s most popular models and, usually, one does not mess with a successful recipe. Despite this, Hyundai did very much the opposite with the new Tucson, making it stand out on the road with striking
Not too long ago, I wrote an article asking if we should start including other modern pony and muscle cars in with the Mustang memes and the wider internet seems to believe that Nissan Altima drivers deserve to be included, too. Apparently, that has gotten Mustang drivers jealous because one has gone and staked his
In this article TSLA Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share
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
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