Maybe there was a time when the auto industry had all the engineers it needed. But if so, that was a while ago. The industry has been bemoaning the shortage of engineers at least since the dawn of this century. And the situation is heating up now. Automakers are remaking product portfolios to load them
Parts shortages and higher commodity prices are putting a financial squeeze on Tier 2 and Tier 3 suppliers, in some cases forcing them to go to their Tier 1 customers to renegotiate pricing or ask for a cash infusion. The third option: Go bankrupt. Pat D’Eramo, CEO of Canadian Tier 1 supplier Martinrea International, has
Here’s a chance to buy a pair of McLarens for under $500. But instead of four wheels, these McLarens ride on a three-piece segmented midsole. The supercar maker has partnered with APL, a high-performance athletic footwear brand, to create a line of shoes called HySpeed. The companies say they used McLaren’s design language and lightweighting
5:11 AM ET Belgian Stoffel Vandoorne won the Formula E title for the departing Mercedes team on Sunday as the electric motor racing championship wrapped up season eight with the 100th race of its history. The second of two E-prix in Seoul also ended an era for the FIA-sanctioned series, with season nine in 2023
What kind of vehicle is the 2023 Hyundai Kona Electric? What does it compare to? The 2023 Hyundai Kona Electric is, as its name implies, an EV version of the automaker’s small crossover SUV. It’s worth shopping against the Kia Niro EV and the Chevrolet Bolt EV, among others. Is the 2023 Hyundai Kona Electric
This past week, a party bus driver forced his way through a busy street in Chicago, crashing into over a dozen cars and receiving criminal charges in the process. The 45-year-old was responsible for damaging 18 vehicles including an ambulance, with the total damage amounting to a figure “in the thousands” according to ABC 7
A mobility company founded by Olympic sprinter Usain Bolt has left some U.S. cities littered with nonfunctional electric bikes and scooters after abruptly shutting down. Bolt Mobility, in an Aug. 3 statement on its website, said investors had failed to deliver on commitments to the company, forcing it to “significantly scale back operations.” It said
Jack Weaver, an 82-year-old retired dairy farmer whose house sits on a Civil War battlefield, lives near General Motors’ Spring Hill plant in Tennessee. Michael Wayland / CNBC SPRING HILL, Tenn. – Jack Weaver can point to a cannon on a Civil War battlefield from the comfort of a shaded bench in his backyard —
The InMotion V13 Challenger electric unicycle has just been unveiled, touting its maximum speed as the “fastest in the world” among other leading high power electric unicycles. Increasingly powerful electric unicycles The electric unicycle market is an often overlooked niche of the larger world of micromobility vehicles. These personal electric vehicles are designed to offer
How the new EV tax credit rules work The revamped EV tax credit adds increasingly stringent rules on where battery critical minerals are extracted and processed, and where battery components are made or assembled for vehicles to be eligible. » For critical minerals: Before 2024 and after the U.S. treasury secretary issues the proposed guidance: 40%
A U.S. appeals court upheld a 2020 ruling that tossed out a racketeering lawsuit General Motors filed against rival Fiat Chrysler Automobiles, now part of Stellantis, and former executives. GM filed the racketeering lawsuit in November 2019, alleging FCA bribed UAW union officials over many years to corrupt the bargaining process and gain advantages, costing
8:21 PM ET Associated Press TOPEKA, Kan. — Bob Tasca III topped Funny Car qualifying for the second straight event on Saturday in the Menards NHRA Nationals at Heartland Motorsports Park. Tasca’s Friday run of 3.930 seconds at 323.81 mph in a Ford Mustang held up for his ninth career No. 1 qualifier. “That track
Earlier this year, while trying to avoid a crash at Road America, NASCAR Xfinity driver Josh Bilicki ran into an on-track sign advertising the Sargento cheese brand. The incident, which quickly became a meme, now means that Bilicki is making some real cheddar. Sargento is a Wisconsin-based cheese maker, so it makes sense that it
David Madison | Photodisc | Getty Images A federal tax break that’s available to car buyers for going electric may work differently starting next year. Under the Inflation Reduction Act — which received Senate approval on Sunday and is expected to clear the House this week — a tax credit worth up to $7,500 for
Passenger car sales in the Netherlands continue to decrease. In July, the number of new registrations decreased by 18% year-over-year. It seems that only all-electric cars are still able to maintain some positive results, as plug-in hybrids are also in the red. According to EV Volumes’ data, shared by Jose Pontes, last month 6,766 new
BMW’s latest 4-Series family has an electric option in the form of the i4 hatchback. The car is a new addition to the BMW lineup for 2022 and in i4 M50 guise, it delivers up to 536 hp and is a hoot to drive. 2023 Nissan Z We also spent more time behind the wheel
A Florida dealer believes he has found a solution to a long-standing problem for businesses and their employees: rising health care costs. Greg Balasco, owner of Lakeland Automall, which sells Ford, Hyundai and Genesis vehicles, switched in late 2020 from traditional health insurance with a big-name provider to a self-funded plan that he says saves
WASHINGTON — Audi of America, Kia and Porsche said buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President Joe Biden signs a $430 billion climate, health and tax measure. The legislation set to be approved by the U.S. House of Representatives on Friday “will have consequential
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