Tesla Inc. raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits. Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, a $1,000
LAS VEGAS — Electric truck builders are sounding the alarm on the lack of charging infrastructure and the time it takes to build as the freight and logistics industry transitions to zero-emission transport. Daimler Truck North America CEO John O’Leary told Automotive News his company has both the manufacturing capacity and customer interest to sell
In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to
Hyundai Motor Group, which includes three car brands – Hyundai, Kia and Genesis – recently reached a milestone of one million plug-in electric cars sold cumulatively (globally). According to Yonhap News Agency, the group reached 1.02 million at the end of December 2022, which is more than a decade since the first model, the Hyundai
Watch the full episode exclusively with MotorTrend Premium! https://bit.ly/2vqBWwp Check out this Preview of Engine Masters, Episode 45 as David Freiburger, Steve Dulcich, and special guest Richard Holdener visit the science of reducing temperature out of a turbo in order to increase power.
Rationalizing your business in an already high-cost, low-return industry that is undergoing major change is not easy. Look no further than Ford and its Fiesta. The almost 50-year-old small hatchback has been one of Europe’s most popular models. Less than a decade ago, Ford was celebrating it becoming the UK’s best-selling car of all time.
Feb 3, 2023 NEW YORK — Ford has confirmed it will return to Formula One in 2026 as it joins forces with world champions Red Bull. The American automotive giant announced its return to the sport on Friday morning at Red Bull’s launch event in New York. The deal will see Ford team up with
Californian Drivers Keep Ignoring Closed Road Signs Plunging Into Sinkhole | Carscoops When the sign says “road closed”, there’s a very good reason for that by Stephen Rivers February 4, 2023 at 10:20 by Stephen Rivers Road closed signs are often in place due to potential hazards like flood water, road maintenance taking place, or
SAN FRANCISCO — A jury cleared Elon Musk of claims by Tesla Inc. investors that he defrauded them when he tweeted 4 1/2 years ago that he was considering taking the company private and had “funding secured” to make the deal happen. The verdict in San Francisco federal court rejects allegations that the electric-car maker’s
StoreDot, a startup developing fast-charging electric vehicle batteries, and Circulor, a supply chain tracing company, unveiled a partnership Tuesday aimed at increasing transparency in the EV battery supply chain. The companies will track carbon dioxide emissions from mining the necessary raw materials used in StoreDot battery cells and the cell manufacturing process. That will help
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to
By Joey Klender Posted on February 3, 2023 Tesla CEO Elon Musk was found not liable in a case where investors sought to recover losses after he Tweeted that he had secured the necessary funding to take the automaker’s stock private in 2018. Investors sued Musk, Tesla, and the company’s board, claiming that the CEO’s
A 1966 Shelby 427 Cobra once owned by current Ford CEO Jim Farley is up for sale at online auction website Autohunter. The car, which bears chassis number CSX3195, started out life as a regular road-going 427 Cobra but was later converted to S/C (Semi-Competition) specification. It was originally billed to Johnny Bolton Ford of
SAN LUIS POTOSI, Mexico — BMW plans to invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric Neue Klasse models. The expansion, set to add around 1,000 new jobs at its operations in the Mexican state, is BMW’s latest push into electric
4:28 PM ET NEW YORK — Five years ago, all of this seemed impossible. Formula One broadcasts were just returning to ESPN airwaves, Netflix’s “Drive to Survive” series was still a year away from premiering, and the sport’s popularity in the U.S. showed few signs of emerging from a decades-long slumber. There was a four-year
Video Shows UK Driver Ramming Police Officer On Motorcycle | Carscoops The driver pled guilty to 14 offenses and will be spending four years in jail by Michael Gauthier February 2, 2023 at 18:06 by Michael Gauthier London’s Metropolitan Police have released footage of a driver who intentionally slammed into an officer on a motorcycle
A day after a “frustrating” earnings report, Ford Motor Co. CEO Jim Farley told employees in a letter that he is cutting the percentage used to calculate bonuses for senior leaders including himself. The letter, co-signed by CFO John Lawler and obtained by Automotive News, explained that for 2022, the company’s salaried work force is
Spartan Radar, an automotive software startup focused on leveraging radar technology for driver-assist systems and self-driving vehicles, closed its $17 million series B funding round on Wednesday. The funding will help the Los Alamitos, Calif., company deliver its flagship Ago software-based program that improves driver-assist systems’ resolution and range to market. It also will use
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