Month: May 2023

Associated Press May 19, 2023, 07:08 PM ET INDIANAPOLIS — Two-time Indy 500 champion Takuma Sato turned the fastest lap at Indianapolis Motor Speedway in 27 years on Friday, and defending winner Marcus Ericsson was close behind him, making Chip Ganassi Racing the team to beat heading into qualifying weekend for “The Greatest Spectacle in
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Private equity investors and other funders put in at least $402 million in automotive-related startups in April, up 2 percent from the $394.1 million invested in March. The slight increase in deal activity may be a sign that investment in the automotive startup space is stabilizing. Investment in American automotive startups fell to $690.5 million
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BERLIN — Volkswagen Group has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the automaker said on Friday, ending months of wrangling with Russian authorities over the deal. VW has sold its shares in Volkswagen Group Rus LLC to Art-Finance LLC, which is supported by auto dealer group Avilon,
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Associated Press May 18, 2023, 09:53 AM ET INDIANAPOLIS — Stephanie Beatriz, who starred as Detective Rosa Diaz on the TV show “Brooklyn Nine-Nine” and voiced Madrigal on the Academy Award-winning film “Encanto,” will serve as the grand marshal for the Indianapolis 500 later this month. The track announced Tuesday the award-winning actress, who will
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The Geely-backed auto technology startup ECARX’s sole focus on the auto industry will give it an advantage over its larger competitors, according to its CFO. “That’s a massive differentiator for us,” said Ramesh Narasimhan, who took over as ECARX’s CFO in September after stints with Ford and Nissan in Asia and Australia. The company, founded
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HIROSHIMA, Japan — Toyota is “investing like crazy” in new battery technologies for electrified vehicles but sees no dramatic breakthrough from today’s basic chemistry for at least another decade. The lithium ion composition used in contemporary EVs and hybrids will likely be the go-to for another 10 to 20 years, the Japanese carmaker’s top scientist
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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The ferocious 2011 Chevrolet Corvette Z06 shows what it can really do as we conduct our usual assortment of performance tests… Read the full story here: http://www.motortrend.com/roadtests/coupes/1102_2011_chevrolet_corvette_z06_test/index.html Shot by: Mike Suggett, Jim Gleason and Duane Sempson. Edited by: Mike Suggett.
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