Toyota’s global output rose for the first time in five months in August, led by gains in overseas markets — in particular Southeast Asia, where a COVID surge disrupted supply chains a year ago. The automaker made 766,683 vehicles in August, up 44 percent from a year earlier, according to a statement Thursday. Global sales
Month: September 2022
7:45 AM ET Gabriel Tan With an ice-cool gaze and a remarkable ability to keep calm in high-pressure situations, Valtteri Bottas is not unlike other famous Finns that have come before him in Formula 1. Of course, there is Mika Hakkinen, can boast winning back-to-back world titles in 1998-99 at a time when Michael Schumacher
U.S. light-vehicle sales remain in lower gear as the third quarter winds down, while slumping consumer sentiment threatens a further downshift. Cox Automotive on Wednesday cut its full-year new-vehicle sales outlook to 13.7 million — down more than 9 percent from 2021 and the industry’s lowest tally in a decade. It’s the third time this
South Korean and U.S. officials are working toward a “concrete proposal” to resolve their differences over electric vehicle subsidies, South Korea’s trade minister told CNBC. “We’ve established a specific dialogue channel to address this particular issue, and we are glad that the U.S. government wholeheartedly engaged with us to rectify the problems,” Ahn Duk-geun told
Following a successful initial public offering, shares in Porsche started trading on Thursday on the Frankfurt Stock Exchange. Volkswagen Group, which owned 100% of Porsche prior to the IPO, set the placement price at 82.50 euros (approximately $79.60) per share, valuing the sports car marque at 75 billion euros. The share price has risen to
Tesla Megapacks arrive in Hawaii with the state’s last coal shipment as it shifts its grid to renewables supported by energy storage enabled by batteries like the Megapacks. In the transition to a sustainable energy economy, we take every small victory we can get and this one is significant. Hawaii aims to reach 100% green
MILAN — Renault CEO Luca de Meo has resigned as a director at Italy’s biggest phone company, Telecom Italia, to focus on the automaker’s turnaround plan, the telecoms company said. De Meo’s resignation will be effective after Telecom Italia’s board of directors meeting scheduled on Thursday, TIM said, adding the company’s nomination committee will start
When it comes to brand loyalty, a recent study shows mainstream brand Ford and luxury brand Tesla are the most successful. S&P Global Mobility released its quarterly loyalty insights in a webinar titled “Loyalty viewed from a broad perspective” Tuesday. Loyalty is measured by the number of households that return to the vehicle market and
11:18 AM ET Associated Press Benjamin Pedersen is the first driver to land a promotion from Indy Lights into IndyCar as AJ Foyt Racing confirmed Wednesday he’ll be part of its 2023 lineup. Pedersen, a 23-year-old dual citizen of Denmark and the United States, spent last season running the full Indy Lights schedule for HMD
Volkswagen Group set the final listing price for Porsche at 82.50 euros per share, valuing the company at 75 billion euros ($73 billion) as it seeks to prove that the iconic sports-car brand can sidestep the slump in capital markets and pull off Europe’s largest initial public offering in a decade. A meeting of VW’s
DENVER — More than a decade ago, venture capitalist Marc Andreessen famously claimed, “Software is eating the world.” That trend certainly is reverberating through the automotive world. What was once a primarily atoms-focused hardware business is increasingly morphing into a bits-driven software and services one. Powertrain electrification and in-vehicle connectivity have turned cars into computers
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Joe Gebbia, co-founder of Airbnb and chairman of Airbnb.org, during South By Southwest (SXSW) festival in Austin, Texas, U.S., on Sunday, March 13, 2022. Matthew Busch | Bloomberg | Getty Images Tesla has added Airbnb co-founder, designer and billionaire Joe Gebbia as an independent member
On this episode of Engine Masters, we see how exhaust cutouts stack up against a full exhaust and a header extension behind our heavy-breathing 598-cubic-inch Big Block Chevy. #enginemasters #motortrend #davidfreiburger MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive research and news. Get a fast, simple, and free car quote
A Tesla owner has reportedly struggled to get his car fixed after a recent accident. Fortunately, the owner is okay, and the accident wasn’t his fault, at least according to the various stories about the matter. However, it seems Geico is unwilling to pay the cost to repair the Tesla, so the Tesla-certified repair shop
MILAN — Renault CEO Luca de Meo has resigned as a director at Italy’s biggest phone company, Telecom Italia, to focus on the automaker’s turnaround plan, the telecoms company said. De Meo’s resignation will be effective after Telecom Italia’s board of directors meeting scheduled on Thursday, TIM said, adding the company’s nomination committee will start
6:02 AM ET The Mercedes Formula One team will renew its title and technical partnership with Malaysian oil company Petronas from 2026, it announced on Wednesday. Mercedes have won the constructors title eight times since partnering with Petronas in 2010, though drivers Lewis Hamilton and George Russell are yet to win a race this season.
Ford Motor Co. is redesigning the Super Duty line of its F-Series pickups with new technology and new engine options in a bid to maintain one of its most profitable nameplates and better cater to commercial customers. The 2023 Super Duty lineup, revealed Tuesday evening and expected to go on sale early next year, will
In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor is redesigning a pivotal product lineup, leaning on new software and connected data metrics, to boost profits in its commercial vehicle business. The Detroit automaker on Tuesday revealed its 2023 F-Series Super Duty trucks,
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