An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to phase out the sale of new diesel and gasoline cars and vans took a big step forward this week after
Month: October 2022
By William Johnson Posted on October 27, 2022 The Tesla Model Y continues to succeed worldwide, most recently being recognized as Europe’s best-selling vehicle in September. Thanks in large part to Tesla’s continuing production ramp and their new European facility outside of Berlin, the company is finally able to capitalize on the enormous demand for
BMW has been spotted testing a prototype for its redesigned M5, which is set to be the first in the nameplate’s history to feature electrification. It’s expected to start sales in 2024, or about a year later than the redesigned 5-Series on which it’s based. This points to it arriving as a 2025 model. The
Have you ever wondered what the Suzuki Jimny would look like as a Convertible? Well, a Chinese tuner thought just that and set about making this unique off-roader a reality. YiChe Garage had to import a Jimny to China, since it isn’t sold there, at a cost of approximately $60,000. They then spent an additional
French President Emmanuel Macron is looking to enlist German Chancellor Olaf Scholz’s support for a new plan to help European automakers compete with the U.S. and China, after President Joseph Biden outlined heavy subsidies benefiting electric cars made in North America. Though they have squabbled over defense and energy policies, Paris and Berlin agree that
6:08 PM ET MEXICO CITY — Lewis Hamilton is planning to stay on the Formula One grid until at least 2025 after opening talks with Mercedes about a contract extension. Hamilton’s current deal is due to expire at the end of next season, but he has made clear that he has no plans to retire
The owners of Tesla vehicles are posting videos to TikTok showing their cars’ pedestrian warning systems displaying people who aren’t there while driving through cemeteries. The trend has resulted in a number of videos on the social media platform and elsewhere, but one expert believes that the culprit is an unfortunate result of Tesla’s tech,
Now in its 11th year, the Automotive News Best Dealerships to Work For celebrates and honors 100 dealers who have created excellent workplaces. The 2022 winners were honored at a gala event Thursday night in Chicago. Guests representing 100 dealerships arrive for the festivities. Automotive News Publisher KC Crain opens the 11th annual ceremony. Automotive
Ford Motor Co. CEO Jim Farley said new federal electric vehicle tax credits created by the Inflation Reduction Act should have a “wide range of positive impacts” for the automaker as it ramps up production. “What’s not yet clear is the degree to which the IRA will drive customer demand versus offsetting our EV investments
In this article AN LAD GPI ABG Follow your favorite stocksCREATE FREE ACCOUNT Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic
In order to qualify for the $7,500 tax credit, the Biden administration’s Inflation Reduction Act (IRA) requires a proportion of battery minerals in EVs to be extracted or processed in the US or free-trade partner countries. But a lot of automakers simply aren’t prepared for that requirement. Electrek spoke with Megan O’Connor, cofounder and CEO of Nth Cycle, a
Automakers asked new Prime Minister Rishi Sunak and his government to improve the UK’s business environment after car production in the country declined again. The Society of Motor Manufacturers and Traders included the plea in its monthly report on output, which dropped 6 percent in September to 63,125 vehicles, roughly half what companies produced prior
A terrifying crash occurred in The Netherlands last Monday, when a train smashed through a city bus, cutting it in half. Thankfully there were no injuries reported since the bus was empty of passengers and the driver escaped unharmed albeit in shock. In the video uploaded on YouTube by Hart van Nederland, we can see
Lear Corp. will open an $80 million plant and create hundreds of jobs in Michigan after winning a program with General Motors Co. that marks its largest electric vehicle deal and investment to date, the supplier said Thursday. The Southfield-based company struck a deal with the automaker to exclusively supply the battery disconnect unit on
SAVANNAH, Georgia – Hyundai Motor Co will break ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market. Hyundai plans to begin commercial production in the first half of 2025
Ford Motor (F) reported a top- and bottom line beat for the third quarter after the closing bell on Wednesday, while demonstrating solid free cash flow — a key reason why the Club continues to back the automaker. Automotive revenue climbed 12% year-on-year, to $37.2 billion, beating analysts’ forecasts of $36.25 billion, according to estimates
The 2022 SEMA show is just around the corner and Acura on Wednesday previewed a trio of tuned 2023 Integras bound for the annual tuning fest in Las Vegas. Previous Integra generations have been, and still are popular, among tuners, and Acura has sought to highlight the potential of the new 2023 model by partnering
Tesla’s all-new battery energy storage system (BEES) factory in Lathrop, California is almost ready and is ramping up production. This week, the company showed a short video, presenting the plant and some of the production processes, on its Linkedin profile. Tesla is now looking for more employees – but that’s not a surprise, as basically
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