When Todd O’Reilly decided to open a 34,000-square-foot Ford showroom with an 11-acre vehicle lot roughly two years ago, he knew he needed a top-notch security system. O’Reilly, co-owner and general manager of Gjovik Ford in Plano, Ill., figured a sophisticated system of cameras and alarms was necessary to deter would-be criminals from stealing or
Month: January 2023
Self-driving technology developer Outrider has raised $73 million in a new funding round. Outrider, which makes an autonomous system designed for truck yard operations, plans to use the funds from the series C round to add to its suite of autonomous and safety technology products. It will hire more workers domestically and abroad. The funding
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Alex Spiro, attorney to Elon Musk, center, departs court in San Francisco, California, US, on Tuesday, Jan. 17, 2023. Benjamin Fanjoy | Bloomberg | Getty Images Tesla CEO Elon Musk appeared in a San Francisco federal court on Friday to defend tweets he posted to his
The recent electric car price reduction applied by Tesla around the world continues to be a hot topic, as it might significantly affect other manufacturers. According to a recent Reuters article, titled “Tesla uses its profits as a weapon in an EV price war,” Tesla CEO Elon Musk started the EV price war, using the company’s “superior
Ford will cut more than 1,000 jobs in Germany as it switches its business in the region to selling only electric cars. The automaker plans to reduce the workforce at its European headquarters and factory in Cologne, Germany, by a four-digit number, sources told Automotive News Europe sister publication Automobilwoche. The job losses will be
BMW M4 Leads Police On Chase, Comes To A PIT-acular End | Carscoops The driver was charged with fleeing/attempting to elude, speeding, reckless driving, and failure to dim lights by Michael Gauthier 4 hours ago by Michael Gauthier High-speed chases normally involve boring vehicles, but the Forsyth County Sheriff’s Office has released footage of a
A federal jury has found two Napleton Automotive Group employees guilty of warranty fraud in a yearslong lawsuit between Hyundai Motor America and the dealership group’s West Palm Beach Hyundai store. But Hyundai will not be awarded damages because it engaged in wrongdoing that gives the automaker “unclean hands,” the jury ruled Thursday. The case
LAS VEGAS — To whatever degree one believes in cars as smartphones on wheels, CES showed plenty of evidence that video games are gaining important traction in the vehicles of today — and casting visions of a gaming-rich automotive experience in coming years. Holoride began offering its in-cabin virtual reality gaming in the U.S. this
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM DETROIT – General Motors and LG Energy Solution
While it continues to invest billions of dollars in new production facilities for the supply of batteries for a future electric lineup, General Motors remains committed to its V-8 offerings and has even announced the development of a new sixth-generation small-block V-8. The automaker on Friday announced it will invest $854 million in four U.S.
By Johnna Crider Posted on January 19, 2023 Twitter updated its developer rules to ban third-party clients on Thursday following the recent blocking of several apps’ access to the platform this week. Some of the apps, such as Tweetbot, which provides a subscriber-only ad-free Twitter experience, would compete with the platform’s subscription service, Twitter Blue. This
Germany for decades led on well-engineered combustion cars. It’s now facing a watershed year in the quest to retain an edge in the age of electric vehicles. Europe’s biggest economy is under growing pressure to retool dozens of fossil fuel-era factories employing tens of thousands of workers in a race for clean-technology leadership with the
Asics Is Making Sneakers Out Of Recycled Airbags | Carscoops The “sustainable sneaker” retails for ¥16,500 ($128) by Thanos Pappas 4 hours ago by Thanos Pappas The current trend in the automotive industry is the extensive use of recycled and sustainable materials for the interior, but there are still a lot of car parts that
Lawyers who’ve taken Elon Musk to trial for securities fraud are worried he’ll go rogue when he takes the witness stand, by straying from court orders finding that his 2018 tweets about taking Tesla Inc. private were false. The Tesla CEO is scheduled to testify as early as Friday at the trial in San Francisco.
Auto retail technology giant Reynolds and Reynolds is the lead investor in Sheeva.AI’s $9.25 million series A funding round announced Thursday. Sheeva.AI is building an in-car payments software system that works off a vehicle’s location. The Tysons Corner, Va., company says its geolocation technology will allow drivers to seamlessly pay for fueling, electric vehicle charging,
In this article 1698-HK TSLA 700-HK Follow your favorite stocksCREATE FREE ACCOUNT A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Sheldon Cooper | Sopa Images | Lightrocket |
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Tesla needs to speed up production at its German factory after the automaker’s recent price cuts increased delivery times to customers, a local politician said. The expected delivery of the basic basic Model Y to customers in Germany is now February-March, according to Tesla’s website, as opposed to January-March before a price cut of 17
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