Carvana Co. may be back on a growth trajectory, but what investors really want to see is how well it’s controlling its costs. With consumer confidence falling and the Federal Reserve raising interest rates to fight the surge in inflation, Carvana and other online used-vehicle retailers may see little growth in demand in the coming
Month: July 2022
General Motors is partnering with EVgo and Pilot Co. to bring electric vehicle chargers to highway corridors across the U.S. The companies plan to install 2,000 fast chargers at as many as 500 Pilot and Flying J travel centers starting this year. GM’s previous partnerships with EVgo and other charging networks focused on metro markets.
By Johnna Crider Posted on July 16, 2022 Tesla’s virtual power plant (VPP) beta with Pacific Gas and Electric (PG&E) now has 1,763 homes in the fleet so far. This is up from 1,262 less than two weeks ago, Tesla enthusiast, Sawyer Merrit tweeted. In his tweet, Sawyer included a screenshot provided by Rick Davis,
Volkswagen Group’s newly formed battery business is working to overcome supply-chain headwinds as it ramps up production and prepares for an initial public offering. PowerCo, which bundles the automaker’s global battery efforts, is trying to secure raw materials amid surging prices and logistics issues, according to the unit’s Chief Financial Officer Kai Alexander Mueller. VW
11:23 PM ET Associated Press MORRISON, Colo. — Brittany Force took the No. 1 spot in the final Top Fuel qualifying session Saturday in the NHRA Mile-High Nationals at Bandimere Speedway. Force had a 3.758-second run at 325.61 mph at Thunder Mountain for her fourth No. 1 qualifier of the season and 36th overall. “We
The pilot of a personal aircraft is being lauded as outstanding after he managed to make an emergency landing on Highway 74 in North Carolina, in the western part of the state. The video was released by the Swain County Sheriff‘s office, which said that there were no injuries as a result of this unusual
Cadillac released some revealing photos of its upcoming Celestiq flagship, confirming it as a big fastback. It’s set for a full reveal on July 22, and is destined to serve as a halo vehicle for both Cadillac and General Motors. Nick Heidfeld’s Porsche 959 The Porsche 959 is a rare car, and Formula 1 driver
Carvana Co. may be back on a growth trajectory, but what investors really want to see is how well it’s controlling its costs. With consumer confidence falling and the Federal Reserve raising interest rates to fight the surge in inflation, Carvana and other online used-vehicle retailers may see little growth in demand in the coming
Amid a rise in traffic deaths in recent years, the National Safety Council is acknowledging that its longstanding approach to vehicle safety is failing. After decades of maintaining the same outlook, the influential nonprofit that works with government and industry to create rules to reduce vehicle deaths is adopting a new strategy: It will prioritize
In this article TSLA PCRFF An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Panasonic is planning to build a new battery factory in Kansas to produce high-capacity cells for Tesla, according to a report out Wednesday from Nikkei Asia. Kansas Governor Laura Kelly, a Democrat, has scheduled a press
Elon Musk says that Tesla is getting closer to integrating Valve’s Steam to take its in-car gaming platform to a whole new level. We know that Tesla has been investing heavily into integrating video games into its in-car entertainment system, but it still surprised many when Tesla said earlier this year that it planned to
PRAGUE — The use of hydrogen is a viable alternative to battery-powered vehicles in the race to reduce vehicle emissions, but industry observers acknowledge that much more needs to be done in building infrastructure, educating consumers and governments, and maturing the technology. At Automotive News Europe’s congress in Prague on Thursday, Guido Dumarey, CEO of
4:20 PM ET Associated Press Colton Herta posted a fast lap of 59.2698 seconds in Saturday’s qualifying at Toronto, becoming IndyCar’s first two-time pole winner this season. The Californian will start from the No. 1 spot for the ninth time in his career and first since competing in Long Beach, California, in April. A different
David Vigsted is the first-ever baby to be born in an electric Ford vehicle. The automaker recently shared the story of the unusual incident that happened in Denmark. David was born to mother Christine and father Jens, who were on their way to the hospital after her contractions began. Everything was going according to plan
It’s the fastest way around the track and it also happens to be the name of the show. That’s right, you guessed it! On this episode of The Racing Line presented by Tire Rack, pro driver Randy Pobst teaches you all about the racing line. The Racing Line presented by Tire Rack is the new
I’d like every automotive exec reading this to do this exercise right now: Place your smartphone in your right hand, and then pick up the last automobile you drove and hold it at the same height in your left hand. What? You can’t? They’re not equal, you say? Pfft. Then tell me, please, why executives
A person claiming to be a current Cruise employee raised concerns with California regulators about the self-driving tech company’s safety culture and readiness to begin commercial operations in San Francisco. The letter arrived at the California Public Utilities Commission’s inbox for whistleblowers May 19, two weeks before the regulators cleared Cruise’s robotaxis for those commercial
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – If investors are looking for signs of a recession or weakening consumer spending, they can skip over new vehicle prices, which hit a new record in June. Fueled by
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