Ford Motor Co.’s recent bets on the future of the automotive industry it helped define say a lot about where Michigan policymakers should be placing their next economic bets. The automaker credited with putting the world on wheels is investing nearly $1 billion to transform Detroit’s oldest neighborhood into an auto tech hub for 5,000
Month: January 2022
PARIS — Stellantis could cut up to 1,400 jobs in France this year as it continues to adapt to a changing industry, three union sources said. The automaker, which was created a year ago by the the merger of PSA Group and Fiat Chrysler, cut 1,380 jobs in France last year through voluntary buyouts, according
The next-generation Nissan Z sports car receives top billing in the brand’s Super Bowl commercial, which will be aired during the game Feb. 13. Nissan Motor Co. released two teasers of the commercial, called “Thrill Driver,” which is set up as an action-packed, comedy-thriller movie premiere. The 60-second ad features actors Eugene Levy, Danai Gurira
A 180-day suspension on Carvana’s operations in Raleigh, N.C., expired on Saturday, leaving the online used-retail giant free to continue selling in the area. The suspension was handed down last August, after a North Carolina Division of Motor Vehicles investigation found the company didn’t deliver title work on time, issued out-of-state, temporary tags for a
By Joey Klender Posted on January 31, 2022 Non-Tesla vehicles will now be able to utilize Tesla Superchargers in France and Norway as the company’s pilot program to provide electrons to other EV manufacturers has expanded. Tesla announced earlier today via its Tesla Charging Twitter page that Non-Tesla vehicles can now charge at some Superchargers
When the BMW Z8 was first launched, it was a vehicle that didn’t make much sense. However, fast forward to 2022 and retro-inspired performance cars are all the rage, as are restomods. These factors have led to the creation of the Oletha, built by a small company dubbed Smit Vehicle Engineering. But before you get
9:50 AM ET Formula One will make it mandatory for all personnel working in its paddock to be fully vaccinated against COVID-19, without exemption, starting this season, a spokesperson for the sport’s commercial arm said on Monday. The mandate, which was first reported by the Times newspaper and the BBC, will apply to anyone entering
What kind of car is the 2022 Land Rover Defender? What does it compare to? The 2022 Land Rover Defender is an off-road-oriented SUV that attacks its mission with a unibody design and more luxury than rivals such as the Ford Bronco, Jeep Wrangler, and Toyota 4Runner. Is the 2022 Land Rover Defender a good
The Lamborghini Huracán LP640-4 Performante was introduced back in 2017 but it remains an impressive piece of kit despite being replaced by the more extreme Huracán STO since 2020. An owner from Canada though doesn’t seem to share our excitement for the supercar, judging from the dust it has collected while being parked for god knows
In this article TSLA Tesla finds itself starting 2022 in reverse, with its shares declining more than 9% to begin the year. Elon Musk‘s electric automaker is scheduled to report earnings after the bell on Wednesday, and options traders are betting those results could be just the thing to kick the stock into high gear.
The Ford Mustang is finally set to enter the IMSA SportsCar Championship, with the car’s first season of competition locked in for 2024. The Blue Oval on Friday announced plans to develop a Mustang GT3 race car in partnership with Multimatic, the Canadian motorsport and engineering company that builds Ford’s GT supercar, as well as
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
Instead of running a Super Bowl commercial this year, Hyundai is getting into a fictional version of the game with the help of an imaginary ad crew. The automaker’s upcoming Ioniq 5 was featured in the ABC sitcom “black-ish” this month, with star Anthony Anderson, who plays an ad executive named Andre Johnson, working on
TOKYO — The Renault–Nissan– Mitsubishi alliance’s bid to plow $26 billion into electric vehicles may splash less cash than big rivals such as General Motors or Toyota. But the grand investment announced last week seemed aimed as much at reassuring the world the Franco-Japanese partners are still talking as much as touting their future trajectory.
3:14 PM ET Associated Press DAYTONA BEACH, Fla. — What a year for Helio Castroneves, the ageless Spider-Man of motorsports. Castroneves climbed the fence for the third time in a calendar year Sunday after earning another crown jewel victory, this time a second consecutive win in the Rolex 24 at Daytona. The Brazilian closed out
The C8 Chevrolet Corvette Z06 is certainly a very appealing sports car, offering mid-engine, naturally aspirated, flat-plane crank thrills at an accessible point of entry. But how much would you be willing to pay for the first one? Apparently, $3.6 million is the magic number, as that’s how much it actually sold for at this
Freeman H. Shen, Founder, Chairman & CEO of WM Motor, speaks during Fireside Chat on Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 28, 2018 in Nansha, Guangzhou, China. Dave Zhong/Getty Images for CNBC International BEIJING — Covid-related restrictions have increased production costs for Chinese electric car start-up
BERLIN — Tesla CEO Elon Musk said the automaker has stopped work for now on a compact electric car, which previous reports said was being developed for the European market. “We are not currently working on a $25,000 car,” Musk said during the company’s fourth-quarter earnings call on Jan. 26. “At some point we will.
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