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
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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
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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
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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
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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
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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
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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
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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
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