Volkswagen Group is giving its brands including Audi and Skoda more independence on cost savings and efficiencies to make the automaker more nimble in the electric-vehicle shift and improve returns. The group has set “performance programs” for each brand, allocating them capital and setting a specific return on sales target, but delegating responsibility to the
Month: June 2023
Auto shows are magical events and remain relevant and beneficial to the current new-car market. That magic has been wowing audiences since the very first U.S. auto show in New York City in 1900. Chicago’s auto show started in 1901. Denver has been organizing auto shows since 1902. Los Angeles and Detroit started hosting auto
Jun 21, 2023, 11:28 AM ET Former Formula One world champion Jenson Button has said that Sergio Perez could be looking for another team next year if the Red Bull driver’s recent struggles continue throughout the rest of the season. Perez was in the thick of the championship hunt just a month ago but has
Auto Shop That Paid Worker 91,500 Oil-Covered Pennies Ordered To Pay $39,934 In Back Wages | Carscoops AOK Walker Luxury Autoworks, which famously paid an employee their last paycheck in a mountain of 91,500 oil-covered pennies, has been found to have violated labor laws June 19, 2023 at 12:29 A petty decision to pay an
Toyota Motor Corp. will offer special limited editions of each of its three GR track car models this year, including two that hearken back to Toyota models from decades ago. Arriving in U.S. dealerships this fall, the 45th-anniversary edition of the GR Supra will be limited to 900 vehicles, split evenly between orange and white
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT When Francisco “Cisco” Mercado saw a bright yellow Chevrolet Camaro play one of the shapeshifting robotic superhero Transformers in the 2009 eponymous movie, he knew he had to have a real-life version. “My wife was sitting with me. I said, ‘We’re going to get that
The Rivian R2 program is three years away from production, but it’s already starting to come into focus. On Thursday, Rivian Chief Financial Officer Claire McDonough spoke with Emmanuel Rosner from Deutsche Bank at an auto industry conference about the R2’s price and reveal timeline. McDonough said the R2 will be revealed in early 2024.
Japanese automaker Mazda Motor and Tesla’s primary battery cell supplier, Panasonic Energy, are in talks over establishing a battery partnership to power Mazda’s future EVs. Mazda and Panasonic discuss EV battery partnership The business leaders revealed Wednesday that they are discussing establishing a medium-to-long-term partnership to “meet demand for battery EVs and automotive batteries in
European new-car registrations increased 18 percent in May, as demand for electric cars outpaced the broader market. Registrations in the EU, EFTA and U.K. markets were 1.12 million vehicles compared with 948,815 in the same month last year, according to data from industry association ACEA. The increase was the 10th consecutive month of rises. Sales
Drivers Using Fake ‘Area 51’ Tags Land Owner Of Real Plate With Huge Fines | Carscoops Owner shows huge spread of fines sent to him in TikTok video but claims he’s successfully disputed every one https://www.carscoops.com/author/chris-chilton-cc/ by Chris Chilton June 20, 2023 at 19:44 Unless you’ve just beamed in from outer space, you’ll have heard
Tesla Inc. is likely to make a significant investment in India, CEO Elon Musk said after meeting with Narendra Modi during the Indian Prime Minister’s U.S. visit to promote development in the world’s most populous country. “I’m confident that Tesla will be in India and we’ll do so as soon as humanly possible,” Musk told
It’s not unusual for a company’s stock price to soar — or sink — on news of a CEO shakeup. When Mary Dillon, revered on Wall Street for her eight-year run at Ulta Beauty (ULTA), was named to the top job at Foot Locker (FL) last year, the shoe retailer’s stock jumped 20% in a
There’s something timeless about the appeal of Jeeps. So, on Roadkill Garage, Freiburger and Dulich rehabilitate an old Jeep Scrambler rockcrawler and a 1967 Jeep J100. Then they take them out for some brutal offroad tests! #RoadkillGarage #Jeep #MotorTrend Get a fast, simple and free car quote ➡️ https://quotes.motortrend.com/ MotorTrend is the ultimate streaming destination for gearheads coupled
BTC Power, one of the largest DC fast charger manufacturers in the United States, announced today the integration of Tesla’s North American Charging Standard (NACS) connector into its products over the next year. The NACS charging connector will be available in 2024, alongside the already-used Combined Charging System (CCS1) and CHAdeMO plugs. The news was
Global Auto Holdings plans to buy British car dealership chain Lookers for about 465 million pounds ($595 million) in cash. Lookers is Europe’s fifth-largest auto retail group, according to Automotive News Europe’s Guide to Europe’s Biggest Dealers. Global Auto Holdings values Lookers at 120 pence per share, a premium of 35 percent to the stock’s
Daniel Ricciardo has admitted for the first time during his sabbatical year that the dream end to his Formula One career would be a return to racing for the Red Bull team. Ricciardo is currently Red Bull’s third driver, serving as a back-up to Max Verstappen and Sergio Perez, following a tough spell with McLaren.
Tesla Model S Spotted ICEing Its Own Charger | Carscoops Image shows a Tesla sedan parked in an EV bay but not plugged into the charger https://www.carscoops.com/author/chris-chilton-cc/ by Chris Chilton June 20, 2023 at 13:00 If there’s one thing that’s guaranteed to make EV drivers mad, it’s ICEing. That’s the name give to the act
WASHINGTON — ARC Automotive has responded to the latest request by NHTSA as part of the agency’s ramped-up investigation of rupturing airbag inflators manufactured by the Tier 2 supplier. NHTSA on May 31 issued a special order directing ARC to answer written questions under oath and produce additional documents by June 14. The request came
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