Ford Motor Co. unveiled a two-pronged future this week, with its gasoline-powered and electric businesses divided into two new business units. Do two-wheeled vehicles fit into that vision? Not so much. Amid the new structural developments announced this week, Ford quietly sold its electric bike and scooter division, Spin, to European micromobility operator Tier Mobility
Month: March 2022
Kia announced at the company’s 2022 CEO Investor Day virtual event, its new strategic plan referred to as the roadmap to 2030, which reveals accelerated transition to EVs. This plan has been released in parallel to the one announced by Hyundai/Genesis (all three brands are part of the broader Hyundai Motor Group). The South Korean
9:56 PM ET Associated Press CHANDLER, Ariz. — Matt Hagan made the quickest Funny Car run in four years Saturday, giving the new Tony Stewart Racing NHRA team its first No. 1 qualifier and setting the track record to close out qualifying at the NHRA Arizona Nationals. Hagan had a 3.823-second run at 333.41 mph
What kind of car is the 2023 Chevy Blazer? What does it compare to? Setting aside the rough-and-tumble trucky Blazer of the 1990s, the Blazer resurrected in 2019 sports a sharp design in an anodyne class populated by the Ford Edge, GMC Acadia, Honda Passport, and Hyundai Santa Fe. Is the 2023 Chevy Blazer a
In this article RIVN R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Rivian Automotive quickly backtracked from a plan to increase prices on vehicles that had already been ordered
Volkswagen Group has joined the exodus of companies from Russia, suspending exports to and local production in the country in response to its invasion of Ukraine. The move affects VW’s two factories in Russia that produce Volkswagen brand and Skoda models, the maker of Porsche, Lamborghini and Bentley cars, popular with Russia’s elite, said Thursday.
Toyota Motor North America said it will allocate $110 million toward expanding its education initiative and helping 14 communities near its U.S. operations. Last fall, Toyota helped open a science, technology, engineering and math, or STEM, elementary and middle school in Dallas. The Driving Possibilities initiative, led by the Toyota USA Foundation, will help build
Breaking news. Updates coming The full letter can be seen below but key paragraph: For anyone with a Rivian preorder as of the March 1 pricing announcement, your original configured price will be honored. If you canceled your preorder on or after March 1 and would like to reinstate it, we will restore your original
The M stands for More in the updated 2022 BMW X3 M Competition. The top tune of the performance crossover dials up 503 hp and 479 lb-ft of torque from its turbocharged inline-6 this year, representing 37 lb-ft more than last year’s model. More is better. The 0-60 mph time drops from 4.0 to 3.7
6:19 AM ET Formula One has confirmed it has terminated its contract with the promoter of the Russian Grand Prix, meaning the sport has no plans to hold a race in the country in the future. The news comes in the wake of Russia’s invasion of Ukraine and follows F1’s decision last week not to
Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Patrick Pleul | picture alliance | Getty Images Tesla and Elon Musk are facing a trial over the CEO’s 2018 pay package, which was worth around $2.5 billion at the time it was granted. Shareholder Richard J. Tornetta sued
BERLIN — Porsche will halt production at its factory in Leipzig, Germany, due to supply-chain problems stemming from the conflict in Ukraine. The factory was forced to suspend production from Wednesday afternoon until the end of next week, a Porsche spokesman said in an emailed statement to Automotive News Europe. Porsche builds the Macan and
TOKYO — A Tokyo court has found the former Nissan executive Greg Kelly guilty of playing a role in helping former boss Carlos Ghosn allegedly hide more than $80 million in deferred compensation. But after more than three years of prosecution, Kelly, 65, was given a six-month suspended sentence by chief judge Kenji Shimotsu. The
Ford brand reports 123,350 vehicle sales in February in the US (down 20.9% year-over-year). The year-to-date number is 261,141 (also down, by 10.5%). In this background, the company reports electrified vehicle – xEVs (BEVs, PHEVs, HEVs) sales at 8,984 (Ford and Lincoln brands), which is down 3.1% year-over-year. That’s over 6.9% of the total volume
6:51 AM ET Russian licensed drivers, such as Haas’ Nikita Mazepin, will not be allowed to compete at the British Grand Prix, it was announced on Wednesday. David Richards, Chair of Motorsport UK, and the organisation’s board confirmed in a statement that Russian and Belarusian licensed competitors would not be approved to participate in UK
In this article F Ford has started initial pre-production of its electric F-150 Lightning pickup truck at a new plant in Dearborn, Mich. Michael Wayland | CNBC Ford Motor plans to produce more than 2 million electric vehicles annually and generate a 10% adjusted operating profit margin by 2026, the company announced Wednesday as part
Automakers including Volkswagen, BMW and Porsche are struggling to obtain crucial wire harnesses as suppliers in western Ukraine have been shuttered by the Russian invasion of the country, forcing production stops at car factories in Germany. Production of the part, needed for organizing miles of vehicle cables, has affected suppliers including Leoni, Fujijura and Nexans.
Ford Motor Co.’s use of Model e as the name of its new electric-vehicle unit comes eight years after dashing Elon Musk’s hopes for a provocatively named lineup of cars from Tesla Inc. “A friend asked me at a party, ‘What are you going to name the third-generation car?’ Well, we have the S and