Lucid Group Inc. is expected to post a big rise in third-quarter revenue after significantly ramping production and deliveries in recent months. When the California EV maker reports results after the market close Tuesday, it’s also expected to provide an update on supply-chain disruptions and quality issues that have held back production of its Air
Month: November 2022
As automakers call on the U.S. government to rethink a plan to limit tax credits for electric vehicles, they’re facing opposition from an unexpected source: their own suppliers. Car giants such as Ford Motor Co. and Toyota Motor Corp. say the government should loosen the terms of the $430 billion Inflation Reduction Act to allow
In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT Sefa Ozel | Istock | Getty Images With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto loans in the U.S., said Tuesday the
FRANKFURT — Mercedes-Benz CEO Ola Kallenius spoke out against distancing from China, saying it was “absolutely inconceivable” to write off the country. The comments came days after German Chancellor Olaf Scholz led a delegation of business leaders to China, urging German companies to diversify should the relationship between the two countries sour. Kallenius said he
12:00 PM ET The finale of the 2022 NASCAR Cup Series season wound up being a nearly perfect summation of the imperfect campaign that it had just wrapped up. A most apropos period stamped at the end of a story that had been written since the first green flag was waved over NASCAR’s 74th season,
There is something intriguing about discovering precious objects that were abandoned for decades. This is the feeling that Italian 3D artist Dizzy Viper evokes with a new series of renderings depicting all sorts of modern-era hypercars left to rot, presumably in a post-apocalyptic EV-occupied future. Seeing a Bugatti Chiron Pur Sport with a broken front
One indicator of wholesale used-vehicle prices fell again in October to mark five straight months of decreases. Cox Automotive said Monday that its Manheim Used Vehicle Value Index — a measurement of wholesale used-vehicle prices Manheim puts together by tracking vehicles sold at its U.S. auctions and applying statistical analysis to those numbers — fell
DALLAS — As traffic trundled by on nearby Interstate 45, Kendra Phillips stood on a gravel parking lot and sketched a practical piece of the autonomous trucking future. Over here, the gates through which Aurora Innovation Inc.’s self-driving trucks might arrive after completing trips to Houston. Over there, scales for weighing trucks before they depart.
Retail sales of EVs have yet to fully take off in the US heartland states, according to new analysis from S&P Global Mobility. How come? The top eight EV markets in the United States are all in coastal states, and those markets represent more than half – 50.5% – of total EV registrations in 2022.
Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combination of the lack of drivers to move containers and cars out of the port and high volumes of regular trade is
Jimmie Johnson, 47, is set to return to the NASCAR family after announcing his retirement from full-time racing only in September. The seven-time NASCAR champion announced last week that he is returning to the Cup Series, not only as a driver but also a part owner of Petty GMS, a team which also calls fellow
BEIJING — Nissan’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is aiming to revamp its alliance with Nissan and convince the Japanese
Hiding from the police is quite hard these days with all the fancy tech on cars and helicopters. A car theft suspect learned it firsthand when officers found him in the rear bed of a Ford F-150 Raptor and put him into custody. It all started on Thursday, October 27, when a Lincoln Aviator was
Lucid Group Inc. filed a federal lawsuit in Texas accusing the state’s rules on auto dealerships of “economic protectionism” that hurt the company’s ability to sell its electric vehicles there. In a suit filed in Austin, Lucid said the state is acting anti-competitively in forcing companies to sell their products through established dealerships. The Newark,
Automotive technology supplier Aptiv Plc on Thursday said its net income more than tripled during the third quarter, aided by higher vehicle production as automakers rushed to meet strong demand. Net income rose to $286 million in the quarter through September from $86 million a year earlier. Revenue improved 26 percent to $4.6 billion. Shares
On November 2, Panasonic officially began construction of its new lithium-ion battery manufacturing factory in De Soto, Kansas (rendering image above), at the Astra Enterprise Park site. This $4 billion investment was announced in July and recently approved by Panasonic Holdings Corporation Board of Directors. The Japanese company already has one EV battery manufacturer site
In this article VLDR OUST Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE
On Day 1 of Diesel Power Challenge 2015, its the Dyno competition held at ATS Diesel. This event is all about the numbers as each vehicle’s peak horsepower and torque numbers are added together for an overall total per pull. With Nitrous allowed, each contender is given 3 chances to score the highest and earn
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