In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Carvana is laying off about 1,500 people, or 8% of its workforce, Friday following a freefall in the company’s stock this year, a weakening used vehicle market
Month: November 2022
The 2023 BMW M4 CSL (Competition, Sport, Lightweight) is a sport coupe in search of a racetrack, but an hour on this mountain road outside of Palm Springs is my only option. The M4 CSL goes beyond the capability of the already bonkers M4 Competition with 240 pounds of weight savings, more power, and a
The jury for the 2023 North American Car, Truck and Utility Vehicle of the Year (NACTOY) Awards has picked the nine finalist vehicles at the Los Angeles Auto Show. Out of 26 vehicles voted semifinalists earlier this year from an initial field of 47 eligible vehicles, NACTOY’s 50 jurors from the United States and Canada
2:13 PM ET Associated Press Stefan Wilson will attempt to make his fifth Indianapolis 500 next year in a combined entry fielded by Dreyer & Reinbold Racing and Cusick Motorsports. The British driver will pilot the No. 24 Chevrolet-powered car. Dreyer & Reinbold, which fielded two cars in last year’s Indy 500, still plans on
WARSAW — China’s Geely Automobile Holdings will supply ElectroMobility Poland (EMP) with a modular electric vehicle platform that will form the basis of its Izera range, the companies said. The Izera is a key element in Polish efforts to harness the switch to electric vehicles to help its auto sector catch up with regional rivals
Following a near-miss situation involving a truck and a motorcycle, the driver of the pickup attempted to flee the scene. After exceeding 115 mph (185 km/h) the truck driver finally pulled over and brandished a firearm and what appeared to be a law enforcement badge. Not long after, he was in custody and sitting in
The Jeep Grand Cherokee SRT is one of the most well rounded SUVs on the market. An impressive combination of Jeep’s off-road legacy and SRT track capable performance, the 2014 Grand Cherokee SRT is a truly versatile vehicle that ends the age old question: on-road or off-road. With the SRT Grand Cherokee, why not both?
SAN DIEGO – Carvana Co. CEO Ernie Garcia reflected Thursday on the online used-car retailer’s tough year. “Right around this time last year, I think a number of things started to break against us, and it’s definitely been much tougher sledding since then,” Garcia acknowledged in a video teleconference Thursday at Used Car Week in
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General Motors’ investor day on Thursday, is the first time BrightDrop has released revenue
By Johnna Crider Posted on November 16, 2022 James Murdoch, a member of Tesla’s board of directors, said that CEO Elon Musk had identified someone as a potential successor during the last few months. Murdoch was testifying in a trial over Elon Musks’ $56 billion Tesla pay package. Murdoch didn’t name the possible successor, but
9:03 AM ET ABU DHABI — Sergio Perez has denied he crashed on purpose during qualifying for the Monaco Grand Prix and said the accident did not feature in talks to clear the air with his teammate Max Verstappen following last weekend’s Brazilian Grand Prix. Speculation over whether Perez crashed intentionally in Monaco resurfaced last
Thierry Bollore’s two-year stint as CEO of Jaguar Land Rover was memorable for failing to generate a single profitable quarter during a period when rival luxury automakers were posting record margins. However, the Frenchman’s turnround at the troubled UK automaker was on the cusp of generating positive results, even as global events conspired against him.
Police in Milwaukee have released dramatic dashcam footage from a recent chase involving a white Alfa Romeo Stelvio. The chase actually occurred on November 9 last year but footage of it has only just been released. Authorities were on the lookout for the Stelvio as it was wanted in a carjacking. They can be seen
Getty Images By Noor Nanji Business reporter, BBC News Electric cars will no longer be exempt from vehicle excise duty from April 2025, the chancellor has said. Announcing the change as part of his Autumn Statement, Jeremy Hunt said the move was designed to make the motoring tax system “fairer”. The RAC motoring group said
Nine vehicles across three categories and eight brands were nominated for the 2023 North American Car, Truck and Utility Vehicle of the Year Awards on Thursday at the Los Angeles Auto Show. They include six electric vehicles — with each category containing at least one, and the utility segment being made up entirely of EVs.
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images General Motors expects its new electric vehicle profits to be in-line
American Formula 1 team Haas announced on Thursday it will drop current driver Mick Schumacher after the 2022 season. His replacement has been named as fellow German driver Nico Hülkenberg. Schumacher, whose father is F1 legend Michael Schumacher, joined Haas in 2021 as a rookie, and while he’s managed to get some decent points on
A year after Waymo announced a custom robotaxi for its ride-hailing service, the Alphabet company today previewed the autonomous electric vehicle. The Google Self-Driving Car Project did have the custom “Firefly” that also lacked a steering wheel, but was just for testing. Waymo’s modern vehicles are the Chrysler Pacifica and Jaguar I-Pace with various cameras
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