By Simon Alvarez Posted on October 17, 2022 Elon Musk may have expressed concerns about the US economy earlier this year, but according to job listings on Tesla’s website, the most valuable automaker in the world is now trying to grow its headcount in nearly every division of the company. Back in June, Musk noted
Month: October 2022
PARIS — Renault and Stellantis unveiled new French-made electric vehicles at the Paris auto show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy EVs and pushed for more local production. In an interview with business daily Les Echos before visiting the show, Macron said EV subsidies for lower-income households
10:42 AM ET Formula One teams who spend more than allowed by the rules are effectively cheating and should face stiff sporting and financial penalties, McLaren boss Zak Brown wrote to FIA, F1’s governing body. The BBC reported details of the letter on Monday and McLaren confirmed they were correct. Championship leaders Red Bull, who
Stellantis may stop manufacturing cars in China as geopolitical tensions escalate and western manufacturers cede market share to domestic players. The producer of Peugeot and Citroën cars may implement an “asset-light” strategy for those brands in the world’s largest auto market, CEO Carlos Tavares said Monday. Earlier this year, he used the same phrase to
Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said. The increase averages less than 50 cents per trip nationally, a Lyft spokesperson said. The company pays for drivers’ insurance when they are working on its platform. “Lyft is facing insurance
In this article STLA-IT Follow your favorite stocksCREATE FREE ACCOUNT The Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on October 17, 2022. Nathan Laine | Bloomberg | Getty Images The CEO of Stellantis told CNBC Monday that the company would use its own sites to generate half
HANOI — Vietnam’s VinFast will recall 730 of its model VF e34 electric cars, which are available only on the domestic market, to make checks and replace their side crash sensors. VinFast, which began operations in 2019, is a unit of Vietnam’s biggest conglomerate Vingroup and has sold 2,208 EVs in total since its launch
An expanding Swickard Auto Group entered Southern California via a majority stake purchase of John Elway’s Crown Toyota in Ontario, one of the Japanese automaker’s highest-volume U.S. dealerships. And the dealership’s price tag also fetched near-record blue sky value, according to the broker who facilitated the sale. Blue sky is the intangible value of a
Mercedes-Benz has flooded the newswire today, sharing multiple press releases surrounding its EV technology. Today’s news includes more granular details relating to its upcoming EQE SUV, as well as first images and specs for the Mercedes-AMG EQE SUV that will soon join it. There is A LOT to unfold here, so let’s hop right in..
A couple browses a car’s sticker price. Don Mason | The Image Bank | Getty Images With demand for new cars still outpacing supply at many dealerships, buyers may be asking themselves if they need to pay over the average manufacturer’s suggested retail price, or the sticker price, to get the car that they want.
Hot on the heels of the fully electric 2023 Mercedes-Benz EQS SUV that just went on sale, Mercedes has revealed a smaller, more dynamic alternative in the form of the 2023 EQE SUV. The EQE SUV will go on sale in 2023 as a 2023 model. An AMG-enhanced EQE SUV was revealed on Sunday alongside
Hyundai has announced plans to open a luxury pop-up hotel powered solely by its electric vehicles. The hotel will consist of a cabin, a restaurant, and a cinema and will be located in Essex, England. The pop-up hotel aims to demonstrate the Ioniq 5’s vehicle-to-load (V2L) capabilities and will be open for three weeks next year.
BMW will stop making electric versions of Mini hatchbacks in the UK, dealing a setback to a country trying to transition its already diminished auto industry to full-electric models. Although the Mini factory near Oxford, England, will again start making convertibles starting in 2025, BMW has elected to make electric hatchbacks and a small SUV
A 14-year-old in Michigan fell 25 to 30 feet (7.6 to 9.1 meters) while being chased by police in a Ford Mustang Shelby GT500 that was allegedly stolen from Ford’s Flat Flat Rock Assembly Plant in Michigan. Body cam footage obtained by Fox, show an officer approaching the vehicle with his gun drawn, telling the
Mercedes-Benz is gunning for the heart of the U.S. auto market with a battery-powered version of its workhorse GLE crossover. The midsize EQE goes on sale early next year and fleshes out Mercedes’ electric crossover lineup that is now bookended by the compact EQB and full-size EQS. The EQE crossover “for us, is yet another
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet In 2015, Marland “Lanny” Brown learned how to build an all-electric
By Joey Klender Posted on October 15, 2022 Nikola Corporation founder Trevor Milton was found guilty of three counts of criminal fraud on Friday after he was accused of defrauding investors last year. Two counts of wire fraud and one count of securities fraud are the charges that will stick with Milton following the conclusion
COPENHAGEN, Denmark — Five years ago, Polestar Chairman Hakan Samuelsson boldly decided to turn a Swedish tuning specialist into a global stand-alone brand for high-performance electrified models. Equally daring was the former Volvo Cars CEO’s decision to promote his design boss, Thomas Ingenlath, to CEO of Polestar. His faith has been rewarded as Ingenlath took
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