Month: November 2022

Three dealership groups expanded their portfolios in second- and third-quarter transactions, while a Tennessee dealership group added a second store of the same import brand and shedded two Stellantis outlets. Here’s a look at the deals involving import and domestic stores and dealerships in Oklahoma, Tennessee, Virginia, Missouri and South Carolina. One transaction involved a
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3:45 AM ET Seven-times Formula One world champion Lewis Hamilton was made an honorary citizen of Brazil on Monday by the country’s lower house of Congress and dedicated it to his boyhood idol, the late Brazilian triple world champion Ayrton Senna. “I feel like now I’m one of you,” the Mercedes driver said in a
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Lidar companies Ouster and Velodyne said Monday they plan to merge. The two companies signed a merger agreement Friday. Existing Velodyne and Ouster shareholders would each own about 50 percent of the combined company under terms of the “merger of equals” agreement, which is expected to close in the first half of 2023. Ouster CEO
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In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT A user checks a Twitter feed. Christ Ratcliffe | Bloomberg | Getty Images Twitter product executive Esther Crawford revealed details about the way the social network’s new verification scheme will work on Tuesday, following the company’s acquisition by Tesla and SpaceX CEO Elon Musk in
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German supplier Schaeffler plans to cut 1,300 jobs, or 1.6 percent of its global workforce, as the sector grapples with the shift from combustion engines to electric vehicles, the company said in a statement. Schaeffler said the switch to EVs was leading to overcapacity in products for combustion-engine vehicles, and automakers were continuing to cut
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The 2022 Hyundai Ioniq 5 electric vehicle, which mixes hatchback and crossover cues, only reached dealerships at the start of the year, yet Hyundai is already close to launching a hotter version. The latest spy shots and video show a prototype for an Ioniq 5 tuned by the Hyundai N performance division. Compared to the
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12:20 PM ET Max Verstappen and Red Bull will talk to Sky Sports as normal at the Brazilian Grand Prix, despite a boycott of the broadcaster at last month’s Mexican Grand Prix. Verstappen did not talk to Sky’s channels on Saturday or Sunday at the Mexico City race, citing what he considered to be disrespectful
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