Uber Technologies Inc. plans to outline its strategy for growth and new business opportunities when it holds its first investor day as a public company on Thursday, after teasing news on a global car-sharing network and improved algorithms to keep costs low. Company executives during a fourth-quarter earnings call on Wednesday said they would provide
Month: February 2022
Valeo agreed to acquire Siemens’ stake in their 5-year-old electric-car components venture to bolster its position in the rapidly expanding EV market. Valeo will buy the 50 percent holding for 277 million euros ($317 million), the supplier said in a statement. The deal will raise the French company’s net debt by 741 million euros. The
Polestar, the Swedish premium EVvehicle startup backed by Volvo, will join the crowd of automakers pitching EVs during the Super Bowl. The brand, founded in 2017, will run a 30-second spot with a serious message that aims to counter the celebrity-filled, lighthearted Super Bowl spots put out by a spate of brands, including automakers. A
Nissan launched a redesigned Frontier for the 2022 model year, and the new mid-size pickup truck is not only a huge improvement on its predecessor, it also outshines some of the competition. As a result, the new Frontier is likely to appeal to more than just your average work truck buyer. Nissan is well aware
2:48 PM ET Associated Press The Red Bull Formula One team has secured a new title sponsorship worth around $500 million with technology firm Oracle, placing it among the most lucrative commercial deals in sports. The five-year deal is a lift to the team ahead of the season beginning next month when Max Verstappen will
In this article TSLA Transportation Secretary Pete Buttigieg on Wednesday recognized Tesla as a pioneer of electric vehicle manufacturing in the U.S. “We admire the range of American companies that have innovated, including Tesla, which did so much to make EVs possible in America,” Buttigieg said in an interview on CNBC’s “Squawk Box.” “Now it’s
When will consumers be able to own vehicles that allow them to be disengaged from the driving process and fully rely on automated systems to get them where they need to go? Some industry experts and consumers feel that concept is a “Jetsons”-style dream, while others believe it will be reality sooner rather than later.
BERLIN — Production at Tesla’s German factory will not start until mid-March at the earliest, local broadcaster RBB reported. Authorities are currently still reviewing the factory’s safety precautions, RBB reported, without citing any sources. A spokesperson for the state environment ministry said “we do not specify a concrete date,” but “we are in the final
Tesla‘s big sales surge in recent months made the EV maker look like a sure bet to overtake BMW to become the luxury segment leader for 2021. But according to newly released U.S. vehicle registration data from Experian, BMW managed to hang on to its crown for the year. Tesla came in at No. 2,
With spring on the horizon, you might be looking at ways to have a sustainable camping trip once the weather warms up. If so, then the Paxcess 60W solar panel should be folded up and with your camping gear come springtime. It packs 60W DC output at 18V as well as 18W USB-C and 24W
11:02 AM ET Red Bull has launched the car that Max Verstappen will use in his title defence this year. Images of the car and its new livery leaked on social media shortly before the official launch video was aired across various online platforms, including Red Bull Racing’s YouTube account. The Red Bull RB18 in
In this article BMW-DE Arnold Schwarzenegger and Salma Hayek Pinault star as the Greek gods Zeus and Hera for BMW’s new Super Bowl ad for the iX electric SUV. BMW Arnold Schwarzenegger and Salma Hayek Pinault star as Greek gods in a 60-second Super Bowl ad for BMW’s new iX electric vehicle. The ad features
Here are some of the technologies that are extending the life of the internal combustion engine by making it more efficient.Displacement on demand: Shuts down unneeded cylinders once a vehicle reaches highway speeds. Variable compression ratio: Enables an engine to run more efficiently based on speed and load. Nissan is the only manufacturer to offer
BERLIN — Volkswagen has implemented a quota system in its German retail network for its ID battery-electric cars amid the microchips crunch. VW has been forced to pause production of ID cars on some occasions at its plants in Zwickau and Dresden, Germany because of the global semiconductor shortage. Under the quota system, dealerships with
TOKYO — Lower incentives on American vehicles are helping Honda Motor Co. weather the global semiconductor shortage and COVID-19 pandemic, but the company says there may be some adjustments in store as inventories and supply return to more normal levels this year. In announcing quarterly financial results on Wednesday, the automaker cited the dialed-down spiff
When the 2023 Mini Cooper lineup goes into production on March 1 three new special editions will come online, dubbed Resolute, Untold, and Untamed. On Tuesday, Mini announced the three special editions, which will start from $36,750 when they reach dealerships. Green and gray must be Mini’s colors for 2023 because that’s the common theme
Kia has unveiled the first eve plug-in hybrid version of its long-running Sportage SUV (the brand’s longest-running, in fact), which is also available in pure gasoline, diesel, and hybrid forms depending on the market. The Sportage PHEV is based on the fifth-generation of the model revealed last year in June and it promises to deliver
The 2022 Subaru WRX was one of 2021’s most eagerly awaited releases and reviews have been showing it has promise. But is it good enough to overcome its questionable looks and lackluster performance on paper? And is it different enough from the previous generation? According to Throttle House, the answer is yes. The new car