South Korean battery maker SK On said it has signed a memorandum of understanding with Ford Motor and Koc Holding to form a joint venture to produce electric vehicle battery cells in Turkey. The plant is targeted to start by 2025 and aims to have an annual production capacity of 30 to 45 gigawatt hours,
Month: March 2022
Randy Dye considers himself a “traditional performance guy,” but he’s looking forward to seeing the creativity of the Dodge team as the rubber-burning brand delves into electric vehicles. Dodge plans to debut a battery-electric muscle car in 2024, a huge shift from its fuel-thirsty Hellcats. The brand will provide a glimpse into the future this
11:48 PM ET Associated Press GAINESVILLE, Fla. — Three-time Funny Car season champion Matt Hagan gave Tony Stewart Racing its first NHRA Camping World Drag Racing Series victory Sunday, racing to his first career win at the historic Gatornationals at Gainesville Raceway. In the final round, Hagan powered his Dodge Charger Hellcat SRT to a
Last year, electric vehicle startup Rivian Automotive had a proposal for the state of Georgia. Like many states in the union, Georgia has dealer-friendly laws that prohibit factory direct- to-consumer sales. But Rivian, with a factory-direct business model, asked Georgia legislators to exempt the new company. But legislators balked. Now Rivian is back to ask
An Israeli startup says that by 2032, it will have batteries ready for mass production that can give an electric vehicle 100 miles of range in just two minutes of charging. StoreDot released the target this month as part of a road map outlining how the company expects its fast-charging battery tech to evolve over
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio Shares of Chinese electric-vehicle maker Nio began trading on Hong Kong’s exchange on Thursday, after the company chose a shortcut path to listing that didn’t involve raising new funds. That path, referred to as a listing “by way of introduction,” allowed Nio’s
The Tesla Model Y and Hyundai Ioniq 5 are two of the best all-electric crossovers money can buy. Practical, tech-laden and with more than enough range both are fantastic choices. But is one superior to the other? In a recent video on his YouTube channel, Model Y owner Gjeebs spoke about his experience with the
From its first generation in 2001, the Honda Fit/Jazz was a different kind of supermini, with a focus on practicality and an MPV-infused character. Two decades later, the fourth generation has improved the same formula, with the Crosstar variant adding an SUV flavor into the mix. So did Honda hit the nail in the head
Denso, a top Toyota supplier, was targeted by a ransomeware attack last week, the partsmaker said. The Japanese supplier said it had detected unauthorized access using ransomware at Denso Automotive Deutschland GmbH, a group company that handles sales and engineering in Germany, on Thursday local time. Denso “promptly responded,” spokeswoman Izumi Saito said on Sunday.
SAKHIR, Bahrain — New regulations, new cars and possibly a new competitive order in Formula One. Don’t expect the tables to turn completely at the start of F1’s new era, but it’s clear at least one of the top teams is struggling while a number of the smaller outfits have made significant strides. Below is
The in-person return to the NADA Show wraps up today with more make meetings, including for Toyota and Hyundai, and the AIADA Annual Membership Reception. So far EVs, hiring, and inventory have been big topcis of discussion. Stay with this live blog for regular updates from the show: Dealers should listen to the perspective of
In this article RIVN Rivian signage at the Nasdaq on their IPO day, November 10, 2021 in New York. Source: Rivian Shares of Rivian Automotive tumbled in after-hours trading Thursday after the company missed Wall Street’s fourth-quarter earnings expectations and forecast a modest increase in vehicle production for 2022. Shares of the automaker were down
When it comes to classic muscle cars, it’s hard to beat the second-generation Dodge Charger. An excellent example of this iconic Mopar machine is scheduled to cross the block at a Mecum auction in Glendale, Arizona, running March 16-19. This car is a 1970 Dodge Charge R/T with the 426-cubic-inch Hemi V-8. fed by dual
By Joey Klender Posted on March 12, 2022 A vacuous link between soaring gas prices and the surging demand for electric vehicles is being targeted as a conspiracy to make American consumers switch to electric vehicles. Social media posts are now suggesting that President Joe Biden is purposefully keeping prices at the pump incredibly high
It would appear as though Hyundai’s N division is incapable of producing a bad car and that’s especially evident with the new 2022 Elantra N. Like most other models from its N performance division, Hyundai’s Elantra N is powered by a 2.0-liter turbocharged four-cylinder. In this model it is good for 276 hp and 289
BERLIN — Volkswagen Group’s chief procurement officer, Murat Aksel, is focusing on the formation of closer partnerships and deeper cooperation with suppliers. Aksel wants to involve them in new projects at an early stage as he tries to reduce material costs by 7 percent by the end of this year. Aksel, who was appointed to
8:23 PM ET Associated Press GAINESVILLE, Fla. — Robert Hight topped Funny Car qualifying Saturday in the Amalie Motor Oil NHRA Gatornationals in his bid to open the season with three straight victories. Hight had a 3.831-second run at 333.41 mph in a Chevrolet Camaro for his first No. 1 qualifier of the season and
LAS VEGAS — Ford Motor Co., beset by ongoing production woes, told dealers on Saturday it was pushing back allocations and that wholesale deliveries will be lighter until the end of May, although it continues to produce vehicles and fill customer orders. Ford dealers who attended a make meeting told Automotive News they did not
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