Credit Acceptance Corp.’s net income dropped 54 percent in the first quarter to $99.5 million compared with a year earlier as the company set aside $114.1 million more as a hedge against future losses. The subprime-focused auto lender said Monday it had experienced lower first-quarter profitability on loans from 2020 to 2022 than it had
Month: May 2023
ANAHEIM, Calif. — Global supplier Bosch and trucking technology company Plus are working together to develop and deploy advanced driver-assistance features, the companies said Monday at the Advanced Clean Transportation Expo. The new system combines Plus’ predictive 360-degree sensors and assisted driving tools such as merge handling and suggested lane change with Bosch’s hardware and
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. Florence Lo | Reuters Tesla hiked the price of several cars in key markets, including the
Ford (F) is expected to release its first quarter 2023 earnings after market close on Tuesday, May 2, as the company’s first report to break down EV financial results separately. Wall Street analysts expect Ford’s overall earnings to increase slightly in Q1 alongside higher revenues as the industry’s shift to fully electric vehicles intensifies. Ford
Porsche this year is celebrating its 75th anniversary of building sports cars, and the 24 Hours of Le Mans race is marking its own centennial. In honor of both anniversaries, Porsche’s trio of 963 LMDh race cars set for the French classic will feature a psychedelic livery in which each color used has its own
Recovering from a global pandemic—and living in a world at odds with itself and in the throes of economic collapse. We’re of course talking about the 1930s, right? In looking to our past to help us understand the future, our search for a hero came back with, well, something more on-brand for us. Welcome to
On June 13 and 14 in Paris, the annual Automotive News Europe Congress will host a series of top-level presentations, speakers and panel discussions on the theme of Making Sustainability Profitable. Speakers will include experts and executives from Renault Group, Toyota, Stellantis, Polestar, Ford, Hyundai and more. Join us in Paris to be part of the
AutoNation Inc. executive Marc Cannon plans to leave his position as chief customer experience officer, shift to a short-term philanthropic role for the auto retailer and then retire at year-end. Richard Lennox, a former department store, toy company and jewelry store marketing executive, was named AutoNation’s CMO, effective May 15, the retailer also announced. “It
11:34 AM ET Max Verstappen called George Russell a “d—head” after they collided on the opening lap of the sprint race at the Azerbaijan Grand Prix. Verstappen was fuming after the Mercedes driver barged past him on the inside at Turn 2, with the contact almost putting the championship leader in the wall. Cameras later
Uber Eats Wouldn’t Remove One-Star Review For Driver Who Refused To Deliver Meth | Carscoops A driver claims she was initially scolded by Uber support for taking a package that was full of drugs to police instead of its intended recipient by Sebastien Bell May 1, 2023 at 18:46 by Sebastien Bell An Uber Eats
Gentex Corp., supplier of high-tech rearview mirrors, dimmable glass and automotive electronics, is investing in and collaborating with an Israeli company that has created a small thermal camera. Such a device can be used to improve the safety of self-driving cars and to help reduce accidents involving pedestrians. Adasky was founded in Israel in 2016.
New regulations governing cybersecurity for software-defined vehicles will start in July 2024, but the automotive industry may not be prepared, according to Israel’s Argus Cyber Security. Argus, a subsidiary of Germany’s Continental AG, found that 58 percent of small automakers and automotive suppliers are not prepared to create a management system focusing on vehicle cybersecurity
In this article RIDE RIDE Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Shares of electric vehicle startup Lordstown Motors disclosed on Monday that a funding deal with Foxconn is in jeopardy – and that it
Despite being sold exclusively in North America, the Rivian R1T electric pickup truck has been spotted in Europe several times in previous months. The sightings naturally sparked rumors about the US EV startup planning to expand to Europe, but Rivian hasn’t announced concrete steps in this direction yet. The number of R1T sightings has increased
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Volkswagen Group plans to launch a new subbrand for electric cars in China to help the automaker reverse its sliding market share in the country. The subbrand will launch with the Cupra Tavascan full-electric SUV, a sibling model to the VW ID5 and Skoda Enyaq Coupe iV. Its models will be targeted at VW’s new
1:05 PM ET Associated Press BIRMINGHAM, Ala. — IndyCar is staying at Barber Motorsports Park at least through 2027. The series and ZOOM Motorsports announced an extension to continue racing at the permanent road course on Sunday, a few hours ahead of the 13th running. The Children’s of Alabama Indy Grand Prix has been held
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