Getty Images By Theo Leggett & Lora Jones BBC Business The popular Ford Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs, the BBC understands. Ford bosses are expected to announce in the next few days that the production of the Fiesta will
Month: October 2022
ELLABELL, Ga. — Hyundai Motor Group broke ground Tuesday on a mammoth $5.54 billion manufacturing project that will produce electric vehicles and batteries for the Hyundai, Genesis and Kia brands. Jose Munoz, Hyundai’s global chief operating officer, said the dedicated EV factory, to be called the Metaplant, will build up to six models and have
WASHINGTON — A group representing self-driving car companies is appointing a former U.S. Senate aide as its new head as the industry works to convince U.S. policymakers to speed the deployment of autonomous vehicles and jumpstart stalled legislation. The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director, the group
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Hyundai executives and government officials break ground on the automaker’s new “Metaplant America” in Bryan County, Georgia, on Tues., Oct. 25, 2022. CNBC | Michael Wayland SAVANNAH, Ga. – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to
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Mullen Automotive, the EV startup that recently acquired a controlling stake in Bollinger Motors and the former Indiana factory of the bankrupt ELMS, has unveiled a new urban commercial electric delivery vehicle. Available now in several European markets including the UK, Germany, Spain, France and Ireland, the Mullen I-Go is said to bridge the gap between
British car dealer Pendragon expects new and used vehicle supply shortfalls for the last quarter of 2022 and into next year but forecast annual group underlying profit for the current fiscal year in line with its expectations. Pendragon said in a statement on Tuesday that the new car order bank remained well above historic normal
6:27 PM ET Fernando Alonso believes Formula One and the FIA’s race regulations are set for a crucial moment after his Alpine team appealed the penalty which knocked him out of the points at the U.S. Grand Prix. Alonso finished seventh in Austin, Texas, despite being sent airborne at one stage in a 200 mph
Halloween is right around the corner and one of this year’s hottest decorations is a 12 foot (3.6 meter) tall skeleton sold by Home Depot. The skeleton costs $299 (£265 / €302), but quickly sold out due to huge demand. However, that didn’t deter one person who decided to steal a giant skeleton from an
Mullen Automotive has tapped former General Motors executive John Schwegman to be the electric vehicle maker’s chief commercial officer. Schwegman spent 35 years at GM in a variety of marketing-related roles, most recently senior director of global Chevrolet product marketing, according to his LinkedIn profile. Mullen, of Brea, Calif., said Schwegman will primarily focus on
Mercedes-Benz Maybach last week opened what it refers to as an “Atelier” in Shanghai, China. It’s the latest in a series of Maybach brand stores, but unlike the existing stores, which focus on fashion and in some cases saddles for horseback riding, the Atelier, a French word meaning “an artist’s studio,” makes it possible to
In this article MBG-DE NK-FR Follow your favorite stocksCREATE FREE ACCOUNT A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to increase the number of electric vehicles on its roads in the coming years. Ronny Hartmann | AFP | Getty Images Paris-headquartered minerals giant Imerys plans to develop a lithium
By Simon Alvarez Posted on October 24, 2022 Vehicles like the Teslas have become popular in New Zealand, with the Model Y becoming one of the country’s best-selling vehicles in August and September. And with more electric cars on the road, more EV owners have received rebates for their vehicle purchases. This appears to have
BEIJING — Toyota will launch a small electric sedan, powered by BYD batteries and produced and sold in China. The Japanese automaker said the car would be called the Toyota bZ3. It did not say when the vehicle will be available in showrooms. It is the second model in the new Beyond Zero (bZ) series
7:07 AM ET Associated Press NASCAR Hall of Famer Tony Stewart will make his drag racing debut this weekend at the NHRA Nevada Nationals at Las Vegas Motor Speedway. Stewart will compete for McPhillips Racing in a Top Alcohol dragster — the equivalent of NASCAR’s second-tier Xfinity Series. “I’m excited and nervous at the same
Electric vehicles dominated the Paris Motor Show, but that didn’t stop a group of ‘activists’ from throwing a hissy fit and gluing themselves to a handful of old Ferraris. In a series of self-righteous tweets, the French faction of Extinction Rebellion claimed victory after a “dozen rebels” took part in a protest to “denounce a
A major blaze in South Korea that knocked out a wide range of key digital services for days — snarling banking, ride-sharing and online deliveries — is reigniting safety concerns in a nation that’s a key global supplier of lithium-ion cells used in electric vehicles. The days-long outage followed a fire Oct. 15 at a
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