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Month: January 2023
PARIS — Renault will increase its budget for salaries to offer workers a rise of 7.5 percent in 2023 to help cope with the rising cost of living, three sources familiar with the company’s proposal said. The budget increase would equate to a net salary increase of 110 euros per month for about two thirds
With the Super Bowl just two weeks away, Kia stands alone as the only automaker that has committed to running a commercial at this point. The Korean brand, which has been a Super Bowl staple, will highlight the popular three-row Telluride. The utility vehicle has been freshened for the 2023 model year. Kia sees the
12:22 PM ET Associated Press DAYTONA BEACH, Fla. — Jimmie Johnson, Mike Rockenfeller and Jenson Button will drive the special Garage 56 car that will race at the 24 Hours of Le Mans in June. Johnson, a seven-time NASCAR champion, has lobbied hard for a spot in the three-driver lineup for his former team. He’d
Would You Pay $3,790 For A Maybach Jacket Or $490 For One Of Its New Hoodies? | Carscoops Maybach’s latest clothing line, Unexpected Moments, includes unisex, men’s and women’s items by Brad Anderson 5 hours ago by Brad Anderson The Maybach brand has expanded its Icons of Luxury clothing collection with an aim of attracting
Ford is eliminating the annual sales cap of 25 electric vehicles for dealerships on the less-expensive tier of the brand’s EV certification program and reducing the amount those stores must spend training employees by $10,000. The changes are a bid to win over retailers who took issue with some of the certification program’s costs and
Nikola Corp. unveiled HYLA, its new global hydrogen energy brand that will serve as an umbrella for the zero-emission truck company’s production and distribution of hydrogen. Speaking at a company event Wednesday, CEO Michael Lohscheller also presented the final production version of the Nikola Tre fuel-cell electric vehicle, which will hit the market this year.
In this article TM Follow your favorite stocksCREATE FREE ACCOUNT Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images Toyota Motor‘s president and chief executive, Akio Toyoda, will step down from his post on April 1, to be succeeded by current Chief Branding Officer Koji Sato, the Japanese
Tesla recently announced an intention to use its all-new 4680-type cylindrical battery cells in battery energy storage systems (BEES), like the Megapack, Powerpack, or maybe even Powerwall. The new type of cell is currently used only in the Tesla Model Y produced in Texas (at least some of them, as the factory also makes cars
“Gymkhana 2022” was a worthy addition to the popular gymkhana viral video series started by Ken Block, with plenty of insane stunts performed by Travis Pastrana in his 1983 Subaru GL wagon called the Family Huckster. But nearly every stunt in the video almost didn’t happen. Subaru of America’s “Launch Control” YouTube show is doing
LONDON — British finance minister Jeremy Hunt said that London had some concerns about the United States’ Inflation Reduction Act, which promises hundreds of billions of dollars of subsidies to green industries. The European Union has previously expressed serious concerns about the $369 billion of investment to tackle climate change in the U.S. IRA, which
Porsche’s non-fungible token drop was supposed to be a game-changer. But in what has become a somewhat regular occurrence with NFT drops, it failed to live up to the hype. The project, auspiciously announced at Art Basel Miami Beach, launched on Monday, and by Tuesday fewer than 1,500 of the collection’s 7,500 NFTs had been
Kia And Hyundai Owners Getting Rejected For Insurance Coverage Over Theft Risk | Carscoops Reports say that companies like Progressive and State Farm are refusing new policies to Kia and Hyundai owners by Stephen Rivers 3 hours ago by Stephen Rivers Some Kia and Hyundai owners have faced a serious danger of vehicle theft over
John Hammer, president of wholesale auction business ADESA, plans to exit the company at the beginning of February. His departure from the top job at the auction giant comes less than nine months after ADESA’s U.S. operations were acquired by online used-vehicle retailer Carvana Co. Hammer will join Spectrum Automotive Holdings Corp., a finance and
Mobileye Global Inc. forecast fiscal 2023 revenue higher than analysts’ projections and delivered better-than-expected earnings in the fourth quarter. The company is benefiting from the automotive industry increasingly adopting sophisticated camera systems and sensors that assist in safe driving. Earlier this month, founder and Chief Executive Officer Amnon Shashua said Mobileye has a revenue pipeline
In this article F TSLA GM Follow your favorite stocksCREATE FREE ACCOUNT Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new electric
By Joey Klender Posted on January 27, 2023 Tesla CEO Elon Musk met with Senior Advisor to President Joe Biden, John Podesta and Senior Advisor Mitch Landrieu on Friday in Washington to discuss electric vehicle adoption and progress in the United States. A Senior White House spokesperson said Podesta and Landrieu met with Musk to discuss
Autoliv reported fourth-quarter core earnings above analyst forecasts after the supplier restored profitability by passing higher costs on to its customers, sending its shares up almost 8 percent. Rising raw material prices have squeezed car suppliers for some time now. Autoliv CEO Mikael Bratt said the cost inflation seen by Autoliv in 2022 was the
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