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Month: November 2022
MILAN – Kia will expand its range of full-electric models with a small crossover due to be launched in 2024 as well as a compact hatchback as soon as 2025 that would be the South Korean brand’s first EV assembled in Europe. The two cars were revealed as part of Kia’s revised 2030 EV strategy,
9:07 AM ET Trick or treat. On Monday night, we had to choose. Something sweet to consume or something clever that someone comes up with, maybe even something we’ve never seen before? On Sunday evening at Martinsville Speedway, we weren’t forced to pick one or the other. We got it all at once. And that
Rental car company Avis Budget Group Inc. reported its best quarterly net income in its history. Avis’ net income for the third quarter was reported at $1.03 billion, a 53 percent increase from the same period a year ago. Adjusted earnings before interest, taxes, depreciation and amortization rose 38 percent from last year to $1.46
Volkswagen Group is selling its WeShare car-sharing business to German startup Miles Mobility as the automaker retreats from what has largely been an unprofitable industry. Miles will integrate WeShare’s 2,000 VW-branded electric vehicles into its mostly combustion-engine fleet of 9,000 cars, the companies said Tuesday. Miles also ordered 10,000 EVs from the manufacturer, with deliveries
In this article 57LA-FF Follow your favorite stocksCREATE FREE ACCOUNT Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is
Just over a month after officially launching its G9 SUV in China, XPeng Motors has announced its latest EV has received a permit for autonomous driving tests on public roads. According to the Chinese automaker, the G9 is the first unmodified, mass-produced commercial vehicle to qualify for such tests and is on its way to
Dodge’s future may be electric, but the performance brand will continue to look after those customers with gasoline in their veins for years to come via Direct Connection, an in-house performance parts division offering everything from mild engine tunes to carbon-fiber body shells and even a complete body-in-white for drag racers. Direct Connection also offers
PRAGUE — The European Union asked the United States to treat EU electric vehicles, batteries and sustainable energy equipment sold in the United States the same as those from Canada and Mexico, Czech trade minister Jozef Sikela said. The 27-nation EU has been complaining that the U.S. Inflation Reduction Act effectively discriminates against EU producers
7:08 AM ET Lewis Hamilton said Fernando Alonso questioning the value of his Formula One titles made him “giggle a little bit.” Ahead of the Mexican GP, Alonso told Dutch media that Max Verstappen’s two world titles are worth more than Hamilton’s seven because the Red Bull driver has not just beaten his teammate to
Growing Parks Automotive Group has entered a new market in Virginia with the purchase of three luxury dealerships. Parks Automotive, of Kernersville, N.C., on Sept. 12 bought Duncan Acura in Roanoke, Audi Roanoke and BMW Roanoke, all in Virginia, from Gary Duncan of Duncan Automotive Network, according to buy-sell advisory firm Tim Lamb Group of
In this article TSLA TWTR-MX Follow your favorite stocksCREATE FREE ACCOUNT The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images New Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team,
The resurrection of the Hummer brand as GMC’s high-end EV sub-brand appears to be a great business idea and, considering recent news, it seems to have surpassed all expectations. Demand for both models – the GMC Hummer EV Pickup and the GMC Hummer EV SUV – is strong, which ppromptedthe company to close reservations after