SHANGHAI — China’s auto sales surged 30 percent in July from a year earlier to 2.42 million units, extending a recovery that began in June with the help of eased COVID curbs and government incentives. Sales for the first seven months, though, were still 2 percent lower than the corresponding period in 2021, data from
Month: August 2022
7:25 AM ET Alyssa RoenigkESPN Close Alyssa Roenigk is a senior writer for ESPN whose assignments have taken her to six continents and caused her to commit countless acts of recklessness. (Follow @alyroe on Twitter). LORETTA LYNN LOOKED at the land and saw a home. In 1966, the country music star and her husband, Mooney,
Rivian Automotive is facing scrutiny over its operating costs, capital expenditures and cash burn as part of second-quarter earnings after the market close Thursday, as the EV maker boosts production at its Illinois factory and plans for a second plant in Georgia. Irvine, Calif.-based Rivian increased vehicle deliveries in the second quarter to 4,467, from
In this article F Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the company’s electric vehicles to ease in the near future, marking the
A prototype for Maserati’s long-awaited redesign of the GranTurismo has been spotted again. It hints at a car with similar proportions to the last GranTurismo but with smoother, more flowing lines. A cleaner aesthetic, like we see on the MC20 supercar, is also planned, it seems. Maserati is also out testing an electric version but
The rumors about Tesla using BYD’s flagship Blade Batteries (long cells, LFP chemistry) are back, but interestingly they are related to Europe. According to Sina Tech (via CnEVPost), BYD has already started supplying Tesla with its Blade Batteries. The unofficial sources familiar with the matter point out the Tesla Giga Berlin-Brandenburg plant in Grünheide in
HAMBURG — Volkswagen Group’s incoming CEO, Oliver Blume, aims to shrink the size of the group’s management board as one of his first moves after his promotion, several people familiar with the matter told Reuters. “Some dual functions should be reconsidered,” one of the sources said. The number of board seats could be reduced to
11:28 AM ET Hazel Southwell Jamie Chadwick is well on her way to winning her third W Series championship in 2022. Clive Rose/Getty Images Sometimes, in the cutthroat world of junior series driving, careers putter out long before they should. That’s especially for women, who often work with lower budgets and fewer opportunities than men in
Lana Payne has been elected as the new national president of Unifor, taking over the role five months after longtime leader Jerry Dias abruptly retired as head of Canada’s largest private sector union. About 1,000 Unifor delegates, voting on behalf of locals across Canada, cast ballots at the union’s constitutional convention in Toronto Wednesday. Payne,
REDWOOD CITY, Calif. — Automotive sensor startup Compound Eye has unveiled a VIDAS development kit, allowing automakers and suppliers to test the system that creates lidarlike imaging for less cost. Compound Eye designed VIDAS, which stands for visual inertial distributed aperture system, to work with the cameras automakers are adding to light vehicles with advanced
Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging like hotels declined 9.5% and about 3%, respectively, according
Everyone knows that if you want to put 40-inch tires on a Toyota, you need to cut out the independent front suspension and put in a solid axle. But Fred Williams and Dave Chappelle have other plans. They want to see just what it takes to stuff massive tires on an IFS truck. #DirtEveryDay #4Runner
By Simon Alvarez Posted on August 9, 2022 General Motors has initiated a voluntary recall of sorts for its Hummer EV over a potential battery connector issue on the vehicle. Considering that GM is essentially recalling the vehicle without getting the National Highway Traffic Safety Administration (NHTSA), however, the veteran automaker is calling the initiative
Nikola Corp. said Michael Lohscheller will take over as the electric-truck maker’s CEO when Mark Russell retires on Jan. 1. Lohscheller will assume Russell’s president title and will join the Nikola board effective immediately. He will become CEO on Russell’s retirement, the company said on Wednesday. Russell joined Nikola as president in 2019 and became
10:37 AM ET Lewis Hamilton has said that he could continue to race beyond 2023 and has added that he is “still on the mission” in Formula One. Hamilton’s contract with Mercedes expires next year and the 37-year-old sits sixth in the championship standings after a challenging season, 112 points behind leader Max Verstappen. 1
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TOKYO — Straining under a pile of back orders, Honda says its top priority is getting cars to U.S. customers rather than worrying about recession talk or more stringent electric vehicle credits. Many uncertainties still loom over the auto sector, Honda Chief Financial Officer Kohei Takeuchi said. Risks include rising inflation and interest rates in
Ford Motor Co. is increasing the starting price of the F-150 Lightning electric pickup $6,000 to $8,500 across all trims because of rising material costs as it reopens order banks for current reservation holders. The entry-level Pro trim gets the biggest percentage price hike, up about 17 percent to $48,769, including a $1,795 shipping fee.
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