Month: September 2022

A Carvana Co. executive is facing dozens of criminal charges tied to the company’s alleged motor vehicle licensing and records violations in Illinois. In mid-May the Illinois Secretary of State filed several motor vehicle-related charges against Paul Breaux, who is identified on Carvana’s investor relations website as a vice president and the company’s general counsel
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In a surprise move, General Motors joined forces with the Environmental Defense Fund (EDF) to recommend tougher emissions rules for passenger vehicles. But skeptics remain unconvinced by the company’s professed commitment to going green, citing GM’s history of battling tougher fuel economy rules. GM and the EDF are recommending that the Environmental Protection Agency (EPA)
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Pendragon has received an unsolicited preliminary proposal from its largest shareholder, Hedin Mobility Group, offering to buy the dealership group for about 406 million pounds ($429.67 million). The cash offer, made on Sept. 21, valued London-listed Pendragon at 29 pence per share, nearly 28 percent higher than the company’s closing price of 22.7 pence on
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In the past, a brand that produced powertrains of awesome performance, or rarefied designs of outstanding touch and feel, or luxurious construction that translated to stratospheric pricing, was known as an exotic. Today, the segment is identifying new products, new powertrains and new strategies to meet regulatory and competitive changes around the world while still
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TOKYO — Mazda is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia, the Nikkei newspaper reported. The Japanese automaker sold 30,000 cars in Russia last year. Mazda said in March that exports of parts to the plant were going to end and production would cease when stocks ran
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TOLEDO, Ohio — General Motors said on Friday it will invest $760 million at its Toledo, Ohio, factory to build drive units for electric trucks, the automaker’s first U.S. powertrain facility repurposed for EV-related production. Th largest U.S. automaker currently builds GM’s six-speed, eight-speed and 10-speed rear-wheel drive and nine-speed front-wheel drive transmissions in a
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Bridgestone has partnered with Teledyne Brown Engineering to design and build a crewed lunar terrain vehicle. The Japanese tire manufacturer is teaming up with automaker Nissan North America to offer NASA, a vehicle capable of navigating the moon’s harsh terrain. Commercial space company Sierra Space and aircraft producer Textron are also joining Bridgestone, Nissan and
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Huck Cycles, a North Carolina electric moped maker, is finding that its off-road optimized electric moped is actually proving quite popular for city riders as well. It’s a surprising finding, considering the bike was originally designed for hunters, campers and other outdoor enthusiasts that wanted a powerful but (relatively) lightweight electric two-wheeler. The bike was
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