In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Carvana on Thursday said it expects to achieve positive adjusted earnings during the second quarter of this year — earlier than
Month: May 2023
The news about a BYD-powered Tesla Model Y produced at the Tesla Giga Berlin-Brandenburg plant in Grünheide in Germany returns like a boomerang. According to the German publication Teslamag (via Electrive), Tesla has just started production of a new base version of the Model Y (RWD) at the plant in Europe (on top of the
Sales of full-electric vehicles in 2023 are expected to take a hit in the U.K. from inflationary pressures and lack of charging points, though the overall outlook for British new-car registrations has improved, the UK’s auto industry body, the Society of Motor Manufacturers and Traders (SMMT), said. The SMMT has downgraded its forecast for battery
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Seating and electronics supplier Lear Corp. is moving to permanently close two manufacturing plants in Detroit after expanding its new plant at the former Cadillac Stamping site. The company will cease operations at its Davison Plant and Nevada Plant by June 30, according to a pair of notices filed with the state of Michigan, dated
Waymo is expanding its commercial driverless service in metro Phoenix and making further inroads toward such service in San Francisco. The self-driving technology company said Thursday it has doubled the service area in which its Waymo One ride-hailing fleet operates in metro Phoenix. Its vehicles will now carry customers across 180 square miles in the
First-quarter sales revenue rose by 22% to 76 billion euros, Volkswagen said, primarily driven by a recovery in sales volumes in Europe and North America. Bloomberg | Bloomberg | Getty Images German giant Volkswagen on Thursday reported a drop in first-quarter profit, saying weaker sales in China reaffirms the need for the carmaker to close
By Maria Merano Posted on May 3, 2023 The Boring Company (TBC) received approval from Clark County for 18 additional stops for the Vegas Loop, the company’s expansive tunneling system throughout Sin City. In March, Teslarati reported that TBC submitted applications to increase the size of the Vegas Loop to 65 miles of tunnels with 69 stations.
Germany’s Nürburgring is one of the most popular racetracks in the world, thanks in part to the track’s management regularly hosting “tourist rides” where members of the public can bring their own vehicle and take on the Green Hell. The current cost of a lap is 35 euros (approximately $39), and the entry also comes
We head out to the test track in Audi’s race track ready R8 GT to see if it has what it takes to battle the world’s top supercars. Read the full story here: http://www.motortrend.com/roadtests/exotic/1106_2012_audi_r8_gt_test/index.html Also find Motor Trend on: Tweets by MotorTrend http://facebook.com/MotorTrendMag Shot by: Jim Gleason, Gordon Green & Corey Denomy Edited by: Jim
Taiwan Semiconductor Manufacturing Co. (TSMC) is in talks with partners to spend as much as 10 billion euros ($11 billion) to build a microchip fabrication plant in Saxony, Germany, according to people familiar with the matter. The planned venture between TSMC, NXP Semiconductors, Robert Bosch and Infineon Technologies will include state subsidies and would have
9:21 AM ET Nikita Mazepin, a Russian ex-Formula One driver, is fighting British government sanctions imposed following the invasion of Ukraine in a bid to resurrect his racing career. Nikita Mazepin was dropped last March by his team Haas, which also severed ties with its title sponsor Uralkali URKAI.MM, a Russian fertiliser producer then controlled
Two Minors Injured After Stolen Kia Recklessly Smashes Into School Bus | Carscoops One minor that was in the stolen Kia sustained critical injuries and requires brain surgery according to a relative by Stephen Rivers 2 hours ago by Stephen Rivers Two minors are recovering after a crash involving a stolen Kia and a school
Come learn about Automotive News‘ PACEpilot program at a free information session on May 16 in Detroit with program judges, a recent honoree and Executive Editor Jamie Butters. PACEpilot recognizes pre-commercial Innovations to Watch in the automotive and future mobility space. These represent not only products, but also software/IT systems and other processes that have
Uber Technologies Inc. said it plans to make UberX Share available in five more U.S. cities in the coming weeks. UberX Share gives users a discount for sharing their ride with others. The service will soon be available in Baltimore, Miami, Nashville, Philadelphia and Washington., the company said in a statement Wednesday. UberX Share launched
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, March 27, 2023. Rebecca Cook | Reuters DETROIT – Leaders of the United Auto Workers are withholding a re-election endorsement for President Joe Biden until the union’s concerns about the auto industry’s transition to all-electric vehicles are addressed, according to
The House of Representatives voted to restore tariffs on solar panels made in four Southeast Asian countries – and so did the Senate. That move would seriously hurt the US solar industry. May 3: The US Senate today voted to restore tariffs on solar panels. The vote was 56-41, with nine Democrats voting in favor.
STOCKHOLM — Volvo said on Wednesday that sales increased by 10 percent in April to 51,976 cars, boosted by strong gains in China. Volvo, which is majority-owned by China’s Geely Holding, said in a statement that sales in China were up 46 percent. In Europe, its biggest market, sales were up 5 percent, while in