Month: March 2023

Used-vehicle retailer Canada Drives has filed for and been granted creditor protection as the company seeks to restructure its business and abandon online sales amid escalating inventory costs and weakening used-vehicle prices. The Vancouver-based company said March 21 that its business model, based on a fully online purchasing and trade-in experience, has proved popular among
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SHANGHAI – Chinese battery giant CATL plans to start this year the mass production and delivery of batteries based on a new materials technology, M3P, which will perform better and cost less than nickel and cobalt-based batteries, the major supplier’s chairman said. M3P batteries will have greater energy density and perform better than lithium ion
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In this article LAZR LAZR Follow your favorite stocksCREATE FREE ACCOUNT A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar’s Iris, to showcase the differences in the technologies. Michael Wayland / CNBC Lidar maker Luminar Technologies, stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case
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9:45 AM ET McLaren have announced the departure of technical director James Key as part of a design team overhaul that will see the leadership of its technical department split between three people. The news follows a disappointing start to McLaren’s 2023 campaign, with the team failing to score a point in the opening two
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Audi will be renaming its model lineup to make a clear distinction between full-electric and internal-combustion vehicles as it prepares a major EV product push, CEO Markus Duesmann said. Even numbers will be used for EV-only models, while odd numbers will designate internal combustion ones, including plug-in hybrids, Duesmann told journalists last week at Audi’s annual
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WASHINGTON — Hyundai Motor America is recalling nearly 568,000 pickups and crossovers in the U.S. that are potentially equipped with trailer harness modules that could catch fire. The recall covers 2019-23 Santa Fe midsize crossovers, including 2021-23 hybrids and 2022-23 plug-in hybrids, as well as 2022-23 Santa Cruz compact pickups. Hyundai is advising owners to
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