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Month: April 2022
SHANGHAI — China auto sales plunged 12 percent in March as the country’s curbs to rein in COVID-19 outbreaks took their toll, while Tesla was among automakers feeling the pain of limits on production. Sales in the world’s biggest car market fell to 2.23 million vehicles in March, the first decline in three months and
4:47 AM ET Italy has seized properties worth some €105 million ($114.45 million) owned by Russian former Formula One driver Nikita Mazepin and his oligarch father. The operation targeted a villa — known as Rocky Ram — located in the north of the island of Sardinia. It is part of broader efforts aimed at penalising
General Motors on Tuesday inked a deal with Glencore to secure cobalt from the global miner’s Murrin Murrin operation in Australia, as it boosts electric vehicle production to meet rising demand. The cobalt will be used in GM’s Ultium battery cathodes, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles, the
Maja Hitij | Getty Images News | Getty Images Elon Musk went on a tweetstorm over the weekend, lobbing numerous critiques of Twitter. But the Tesla and SpaceX CEO appears to have deleted several of his spiciest takes, as he’s dropped his plan to join the social media company’s board. Musk’s tweets included suggestions on
Fred and Dave decide to build a budget bouncer from a Dodge Truck with a V-10 engine. With an engine like a supercar, they name it the Rock Viper. Then they add nitrous and turn it into a mud bouncing machine! #DirtEveryDay #MotorTrend #RockBouncing MotorTrend is the ultimate streaming destination for gearheads coupled with the
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
The New York International Auto Show returns this week after a two-year hiatus caused by coronavirus restrictions and concerns. But automakers are not back to their full level of pre-pandemic enthusiasm yet. A few manufacturers will show new electric vehicles, a hypercar and, yes, even good old-fashioned gasoline-powered models at the show, which opens to
American Axle & Manufacturing Holdings is acquiring Tekfor Group in a deal valued at more than $135 million as the U.S. automotive supplier expands its electrification portfolio. American Axle’s purchase of the Hausach, Germany-based company, announced Monday, comes with 2,100 employees across eight plants in Europe and America. The deal is subject to regulatory approvals
12:41 PM ET Associated Press PARIS (AP) — A Russian go-karter who made what appeared to be a Nazi salute on a race podium is under investigation, the FIA motorsports governing body said Monday. Artem Severiukhin was filmed extending his raised right arm then laughing as he stood on the podium after winning a European
Ford Motor Co. said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal. The deal is a major bet by Ford on direct lithium extraction, or DLE, a
Lithium-ion batteries are vital to a lower-carbon future. But they require a lot of energy to produce, especially when it comes to mining and refining the metals. The worldwide lithium battery market is expected to grow up to tenfold in the next decade, according to a recent report by the U.S. Department of Energy, showing
Vinfast on Thursday announced that it had registered with the United States Securities and Exchange Commission (SEC) for an initial public offering (IPO). The automaker’s announcement did not include the size of the offering, which Vinfast previously said it planned to launch in the second half of this year. Bloomberg estimates a $2 billion valuation,
Recently, General Motors disclosed having more than 66,000 reservations for the GMC Hummer EV pickup and SUV combined. That’s a spectacular number and it represents enough demand to cover production into 2024, GMC says. No, the automaker isn’t mistaking reservations for orders; Duncan Aldred, vice president of global Buick and GMC, says the conversion rate
PHOENIX — A steady cadence of new advertisements during key events made March the best month for GMC Hummer EV reservations since the SUV version was unveiled a year ago. “Awareness is a big thing, and I think that is on our side,” said Duncan Aldred, global vice president of Buick-GMC. GMC during the NBA
Jaguar Land Rover has hired Thomas Mueller, a former Volkswagen Group executive and autonomous driving specialist, to lead the automaker’s product engineering. Mueller replaces Nick Rogers, who left JLR at the end of the year after 37 years at the company. Prior to joining JLR on April 1, Mueller was head of advanced driver assistance
8:51 AM ET Reigning world champion Max Verstappen has likened Formula One’s Aston Martin safety car to a turtle, saying it was going too slow during its deployment at the Australian Grand Prix. Formula One has two safety cars which alternate at races, an Aston Martin V8 Vantage and a Mercedes-AMG GT Black Series. The
BERLIN — Volkswagen Group expects the semiconductor shortage to continue longer than expected, the automaker’s finance chief Arno Antlitz said. Supplies of semiconductors will not normalize until 2024, by which time there will still be a structural undersupply, Antlitz said in an interview with Boersen-Zeitung published on Saturday VW Group has been forced to halt
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