3:45 AM ET Tony Brooks, the British ‘racing dentist’ who was Formula One’s last surviving grand prix winner from the 1950s and finished second in the 1959 world championship, has died aged 90. “I was saddened to hear the news that Tony Brooks has died,” Formula One chief executive Stefano Domenicali said in a statement.
Month: May 2022
Magna International Inc. said it launched new advanced driver-assistance functions on the 2022 Toyota Tundra pickup, a key development for the supplier giant as it looks to establish its position as vehicle automation grows. In a Wednesday news release, Magna said the Tundra is equipped with a “complete surround view system” that includes five cameras
In this article LCID FSR NKLA Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Investors holding beaten-up electric
The 2023 BMW M4 CSL will debut at Italy’s 2022 Concorso d’Eleganza Villa d’Este that will run May 20-22. BMW M released a teaser for this more hardcore version of the M4 on Facebook Wednesday. A BMW press release published that same day confirmed the CSL will make its public debut at Villa d’Este. As
US Department of Energy-funded solar marketplace EnergySage and nonprofit accreditation body The North American Board of Certified Energy Practitioners (NABCEP) just released the results of the 2021 Solar Installer Survey, which polled more than 500 residential and commercial solar installers across 43 states, Puerto Rico, and Washington, DC. Here’s what they said. The state of solar
Bosch will invest 500 million euros to develop components for hydrogen electrolysis, a technology that promises to speed adoption of so-called green hydrogen for use in transport and other sectors. The supplier said Wednesday at its annual news conference that it hopes to start production of electrolyzer “stacks” in 2025, with the expectation that the
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12:06 PM ET As he watched his dad’s van pull back on to the Autostrada without him, Max Verstappen was struggling to digest what had happened. In all of his 11 years and 11 months on this earth, he’d never seen his dad as angry as he was at the go-kart track a couple of
Automotive finance company Credit Acceptance Corp. enjoyed a good day in the markets on Tuesday after it said first-quarter net income rose 6 percent. The subprime auto lender saw its stock rally about 20 percent Tuesday after it beat analysts’ estimates on adjusted earnings per share and overall revenue upon announcing its first quarter earnings
Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage. The ride-sharing and delivery company projected gross bookings of $28.5 billion to $29.5 billion in the
In this article F Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on Wednesday reported a 10.5% decline in April sales compared to a year ago, notably narrowing its losses
A teacher from Atlanta, Georgia, is probably the first retail customer to take delivery of a brand-new 2022 Ford F-150 Lightning—and he had no idea he even ordered one. That’s because he didn’t; he was surprised with an F-150 Lightning by Ford Motor Company on The Ellen DeGeneres show. Ellen set up a fun game
FRANKFURT — Volkswagen Group on Wednesday stuck to its outlook for the current year after its global production network helped it offset supply chain disruptions caused by the war in Ukraine and the coronavirus pandemic. Global carmakers, like many industrial sectors, face a scarcity of key components in the wake of COVID-related lockdowns and Russia’s
Publicly traded retailers Penske Automotive Group Inc. and Lithia Motors Inc. each announced single-store acquisition deals on Tuesday. Penske said it has acquired a Hyundai-Genesis dealership in Noblesville, Ind., near Indianapolis, its first of those brands in that region, from dealer Terry Lee. Financial terms of the deal, which closed Monday, were not disclosed. The
In this article STLA-IT Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billion to overhaul two Canadian factories to build fully electric and hybrid vehicles, the company said on Monday, as
California coachbuilder Rezvani is preparing a new version of its Beast sports car. It’s scheduled to debut this summer and go on sale as a 2023 model. The 2023 Rezvani Beast will feature a carbon-fiber body like the current version, with a twin-turbocharged engine producing 1,000 hp, according to Rezvani’s website. Other details are being
By Joey Klender Posted on May 3, 2022 Ford will begin shipping units of the new, all-electric F-150 Lightning to dealers in the coming days after the pickup received an “Ok-To-Buy” status on all trims. Initially communicated by members of the F-150 Lightning forums, the all-electric version of the best-selling pickup in the United States
FRANKFURT — Volkswagen Group’s Cariad software division said it will source chips from Qualcomm to develop autonomous driving software, which VW has made the core part of its future strategy. Qualcomm Technologies will supply system-on-chips (SoCs) from its Snapdragon Ride portfolio for Cariad’s software platform. The SoCs will be an important hardware component in its