Lincoln is telling its dealers to invest in upgrades to sell electric cars or bail out of the brand now. Details of the policy, which appears similar to what parent Ford is doing with its dealers, were first reported by Automotive News (subscription required), but were confirmed to Motor Authority by Lincoln spokesperson Anika Salceda-Wycoco.
Month: October 2022
In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court on Friday of three of four counts of fraud relating to false statements he made
WASHINGTON — European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status as U.S. ones in the U.S. market, to avoid what the EU calls discrimination against its producers by the U.S. Inflation Reduction Act. The EU says it allows government tax breaks or
10:25 AM ET IndyCar’s Alex Palou will drive for Formula One team McLaren in opening practice at the U.S. Grand Prix on Friday, Oct. 21. Palou will take the place of outgoing driver Daniel Ricciardo, who will then resume driving duties for the rest of the event. 1 Related Palou, who joined the McLaren racing
Four dealership groups bought domestic-brand stores in second-quarter and third-quarter transactions. Here’s a look at the deals involving dealerships in Delaware, Ohio, New Jersey and Michigan. One of the deals involved a group ranked on Automotive News‘ list of the top 150 dealership groups based in the U.S. I.g. Burton adds another Stellantis dealership Charles
By Johnna Crider Posted on October 12, 2022 SpaceX announced the first two crew members of Starship’s second commercial spaceflight around the Moon. Entrepreneur Dennis Tito and his wife, Akiko, purchased seats on a private trip on Starship. The couple joined SpaceX’s mission to contribute to its long-term goal of advancing human spaceflight and helping
On this special episode of Wide Open Throttle, Motor Trend’s Jessi Lang offers up an exclusive in-depth look at the hotly anticipated 2013 SRT Viper. Plus Motor Trend’s Scott Evans heads to Detroit to interview the brains behind the Viper brawn, SRT President and CEO Ralph Gilles. Wide Open Throttle appears every Thursday on the
In this article HMC 7267.T-JP 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint venture focused on electric vehicles plans to begin deliveries to
MILAN — Stellantis has signed a framework agreement with Algeria to develop activities of its Fiat brand in the county, including for local production of vehicles. The deal covers a project for the development in Algeria of industrial, after-sales and spare parts activities for Fiat, as well as the development of the automotive sector in
Toyota Motor Corp. is forgoing a traditional product pitch in a new marketing campaign designed to connect with consumers on a more personal level. The “Never Settle” campaign will comprise seven broadcast commercials touching on various themes. One spot called “A New World” explores the possibilities that await a newborn baby just leaving the hospital.
The Boring Company has just started selling a fragrance in what appears to be Elon Musk’s latest cash grab. The fragrance is dubbed Burnt Hair and according to Musk, is an “omnigender product.” It comes in a flashy red glass bottle but given that deliveries won’t start until the first quarter of 2023, it is
State EV Investments and Incentives Financial disclosures vary by state, and some withhold data at the behest of a company or to stay competitive against other states. This makes the full picture of corporate incentives incomplete, but below are estimates compiled by Bloomberg. Some subsidies and incentives may still be subject to state or local
The US offshore wind industry has hit the ground running: Coastal states increased their long-term offshore wind targets by 58% in the third quarter of 2022. That sets a record for quarterly growth, according to the Business Network for Offshore Wind’s inaugural “US Offshore Wind Quarterly Market Report.” US offshore wind growth Groundbreaking federal policy,
The redesigned 2023 Porsche 911 GT3 RS managed to lap the full 12.9 miles of the Nürburgring Nordschleife in a time of 6:49.328, making it around 10 seconds faster than the 911 GT3 and seven seconds faster than the predecessor model. Impressively, the time is not far off the 6:43.616 record for production cars at
In this article NKLA RMO Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said Thursday that its planned acquisition of battery-pack maker Romeo Power will now proceed, after Romeo Power shareholders agreed to tender just over half of the company’s outstanding shares. In August, Nikola
BERLIN – Volkswagen Group will invest 2.4 billion euros ($2.33 billion) and take a 60 percent stake in a new joint venture with Chinese technology company Horizon Robotics for autonomous driving software and hardware, the automaker said. The companies will work together to develop technology that can integrate numerous functions for autonomous driving onto a
BMW Group and AirConsole, a gaming platform, said they formed a partnership to bring gaming inside BMW vehicles. The partnership, announced earlier this week, aims to make games playable directly through the legacy automaker’s infotainment displays, with smartphones acting as controllers. Games will be delivered over-the-air, BMW said a statement. AirConsole is available on Internet
BERLIN — Mercedes-Benz and Microsoft announced a partnership using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants globally. The data platform, called MO360, is already available in Europe, the Middle East and Africa and will also be launched in the United States and China, Mercedes said
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