BERLIN – Volkswagen Group’s supervisory board will discuss plans to build a new U.S. factory at a meeting on Friday, two sources close to the matter said, with one adding the board was expected to approve the project. The factory is a new plant for the Scout brand, according to one of the sources, which
Month: March 2023
9:54 AM ET Susie Wolff, former principal of the Venturi Formula E team and wife of Mercedes boss Toto Wolff, has been appointed managing director of the new all-female Formula One academy, F1 said on Wednesday. The new series aims to help young female drivers move up the motorsport ladder. No woman has started a
BMW M3 Competition’s Wet Drift Lands In Pole Position | Carscoops The driver of this new BMW M3 just couldn’t lift their foot off the throttle by Brad Anderson 5 hours ago by Brad Anderson Driving a powerful, rear-wheel drive car in the rain can be plenty of fun, allowing you to spin up the
Waymo, the self-driving technology Google affiliate, laid off more employees in its second round of job cuts this year, totaling 8 percent or 209 of its workforce, the firm told Reuters on Wednesday. Investors and industry watchers have been concerned about billions of dollars that have been poured into the self-driving technology sector in a
WASHINGTON — The Autonomous Vehicle Industry Association on Wednesday released a U.S. policy framework outlining key priorities for federal AV legislation and regulation. The group’s framework includes several recommendations for Congress and the U.S. Department of Transportation to steer federal action and advance the deployment and commercialization of AVs across the U.S. “AVs are testing
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaks at Tesla’s 2023 investor day on March 1. Screenshot Electric vehicle maker Tesla hosted a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans
Join Christian Hazel on this episode of 4×4 Garage as he continues restoring a last generation Bronco. Will all of his hard work pay off? Title Sponsor / Official Retailer: RealTruck: https://realtruck.com/ In Association With: Superlift: https://superlift.com/ Rugged Ridge: https://ruggedridge.com/ Husky Liners: https://www.huskyliners.com/ Eaton Truetrac: https://www.eaton.com/ Duralast: https://www.duralastparts.com/ Falken: https://www.falkentire.com/ Holley: https://www.holley.com/ Amsoil: https://www.amsoil.com/ Learn
By William Johnson Posted on February 28, 2023 Rivian has revealed that it narrowly missed earnings expectations for Q4 2022 but has set sky-high production and earnings goals for the new year. Rivian (NASDAQ: RIVN) reported total revenues of $663 million vs. the $742.4 million estimated by Wall Street. However, the automaker did improve its
Aston Martin said it expects profitability to improve this year as it begins deliveries of its next-generation sports cars. The UK automaker on Wednesday forecast wholesale volumes of about 7,000 units for 2023, slightly below average market expectations of 7,134, but its outlook for an adjusted core profit margin of about 20 percent was ahead
2:56 PM ET Laurence Edmondson Close Laurence Edmondson F1 Editor • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Nate Saunders Close Nate Saunders General Editor, F1 The new Formula One season starts with the Bahrain Grand Prix on March 5. Here’s some answers to the most important questions of the season to bring
Rivian Automotive Inc. CEO RJ Scaringe said the automaker is not joining the electric vehicle price battle started by Tesla Inc. this year because of Rivian’s robust order backlog and the overall value of its vehicles at current price levels. “We feel confident in the value proposition of what we’re delivering at our pricing levels today,” Scaringe
TOKYO — When engineers at Toyota recently conducted a teardown study of the Tesla Model Y, it did more than expose key technological secrets of the popular American-made, full-electric crossover. It also tore away a moldering complacency at the Japanese automaker. What laid underneath the Model Y’s sheet metal was a masterfully simplistic vehicle structure
The exterior of an Aston Martin store. Jeremy Moeller | Getty Images News | Getty Images LONDON — British luxury carmaker Aston Martin Lagonda forecasts better profitability this year, after widening its 2022 pretax losses on the back of a weakening U.K. currency. The company more than doubled year-on-year pretax losses to £495 million ($598
Honda has a redesigned CR-V on sale for 2023, but the version featured here won’t appear in showrooms. It’s a one-off build developed by Honda Performance Development, both as a promotional tool and a rolling laboratory. Called the CR-V Hybrid Racer, it’s built around a custom frame and packs the new hybrid powertrain Honda is
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