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Europe’s biggest automakers posted record profits in 2022 despite largely flat sales and supply chain and logistics problems.  Net profits rose 22 percent to a record total of 67.8 billion euros ($73.6 billion) at the six largest Europe-based automakers: BMW Group, Mercedes-Benz, Renault Group, Stellantis, Volkswagen Group and Volvo Car (see table, below), plus the
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Jeep’s electrification plans have at least one dealer charged up to get a new Jeep dealership. Las Vegas dealer Josh Towbin sold his previous Jeep store, but now he wants back in as the brand reshapes its lineup with electrified vehicles. This includes the Recon and Wagoneer S battery-electric vehicles that made appearances at a
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Ford is reopening order banks for the next wave of reservation holders of the Ford F-150 Lightning all-electric pickup, but the prices increased. The company said that the prices of the Lariat Standard Range and Platinum versions were adjusted upward (by respectively $1,500 and $1,200) “in response to current material costs, market factors, and supply
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2:45 AM ET MELBOURNE, Australia — Sergio Perez says a technical issue affecting the brake balance on his car was to blame for his early exit in qualifying for the Australian Grand Prix. The Red Bull driver ran wide at Turn 3 after locking up under braking on his first flying lap in qualifying. The
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Hyundai and Kia racked up more U.S. sales gains in March, setting records for the month, as inventories continue to improve across the industry. Volume rose 27 percent to 75,404 last month at Hyundai, with retail deliveries increasing 15 percent to 68,312. Hyundai said sales to fleet customers represented 9.4 percent of March volume. The company
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By Joey Klender Posted on March 31, 2023 Amazon has announced a few milestones within its Rivian Electric Delivery Vehicle (EDV) fleet. Since launching the delivery of packages using the all-electric vans Rivian developed especially for its partnership with Amazon, the e-commerce giant has accumulated more than 3,000 EDV units from the Normal, Illinois-based automaker.
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9:45 PM ET Holding a sprint race on a street circuit at the Azerbaijan Grand Prix is a “ludicrous” proposition which will cost Formula One teams when they “trash” their cars, Red Bull boss Christian Horner said. Azerbaijan’s Baku City circuit will host the first of Formula One’s six sprint races this season at the
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