Rivian Automotive Inc. sees continued strong demand for its electric R1T pickup and R1S crossover and will not join EV rivals such as Tesla Inc. and Lucid Motors in cutting prices to stimulate sales, CEO RJ Scaringe said on the startup’s second-quarter earnings call Tuesday. “We take a very methodical and thoughtful approach to how
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Mahindra atom electric car at Auto Expo 2020, on February 5, 2020, in Greater Noida, India. Pradeep Gaur | Mint | Hindustan Times | Getty Images Mahindra Group isn’t worried about global players like Tesla entering India’s highly competitive electric vehicle market, its CEO and managing director Anish Shah told CNBC. “We’ve seen tremendous competition
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Volvo Cars and EV startup Polestar will be tapping into an old U.S. trade program to import Chinese vehicles at a lower cost, giving the Swedish brands a competitive leg up. By using the U.S. Duty Drawback program, the Geely-affiliated automakers can recoup import duties and the 25 percent U.S. tariff assessed on the Chinese-made
Associated Press Aug 8, 2023, 02:46 PM ET STATESVILLE, N.C. — Mike Rockenfeller, a two-time Le Mans winner, has been chosen to replace suspended driver Noah Gragson in the next two NASCAR Cup Series races. Legacy Motor Club CEO Cal Wells announced Tuesday that Rockenfeller will be in the No. 42 Chevrolet this week at
Sacramento Fire Dept Calls Out Elon Musk On Twitter Following Sudden Tesla Fire In Salvage Yard | Carscoops A Sacramento fire crew wanted to make sure that Elon Musk saw that one of his company’s vehicles caught fire on the social media platform that he owns 2 hours ago Metro Fire of Sacramento took to
As America becomes a nation of older cars, technicians and the aftermarket may see boom times, according to analysis by S&P Global Mobility. The average light-vehicle age currently stands at a record-high 12.5 years, surpassing what S&P Global Mobility considers the “repair business sweet spot” of 6 to 11 years old. Vehicles 12 and 13
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Tuesday reported a loss for the second quarter that was narrower than expected and raised its production guidance for the
Alpine has been spotted testing a new version of its A110 mid-engine sports car that appears to be more extreme than the already hardcore A110 R launched last year. The new version may resemble the A110 R to the casual observer, but a closer inspection reveals additional features aimed at improving track times. These include
The 2024 Chevrolet Blazer EV will begin deliveries this summer with the RS AWD trim, but there is something for everyone in the wide-ranging Blazer EV lineup. The mid-size electric SUV offers front-, rear-, and all-wheel-drive powertrains, regular 2LT and RS, plus SS performance variants, and even a police version arriving in early 2024. The
The future of Hot Rodding! MotorTrend’s Ed Loh & Jonny Lieberman chat with Hot Rod Magazine’s Editor-in-Chief – John McGann! The guys talk about Hot Rod’s 75th Anniversary, the future of hot rodding, his first experience driving an EV (2023 Ford Lightning, MT’s 2023 Truck of the Year), Project X, EV drag racing, and more!
BERLIN — Taiwanese semiconductor manufacturer TSMC’s board of directors will decide in favor of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources. The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources. The German economy
Police Pursuit Of Cadillac CT5 Driver Includes Speeds Above 140 MPH And Hard-Hitting Takedown | Carscoops The Cadillac driver led police through backyards too before being slammed into by the chasing officer 1 hour ago Running from the police puts lives at risk and rarely does the fleeing party actually get away. In the case
ANN ARBOR, Mich. — What if a battery could be more than a power supply? This question inspired researchers Kang Shin and Liang He to create Battery Sleuth, an anti-car-theft device that uses a vehicle’s battery to control access. Battery Sleuth is the researchers’ answer to what Shin describes as an “arms race” of vehicle
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Zachary Kirkhorn, CFO, Tesla Source: Tesla Tesla‘s chief financial officer, Zach Kirkhorn, stepped down from his position, effective Aug. 4, the automaker announced Monday morning in a regulatory filing. Tesla’s chief accounting officer Vaibhav Taneja was appointed as the new CFO and will hold both
By Richard Angle Posted on August 7, 2023 Boeing expects the Starliner crew capsule to be ready no earlier than March 2024. However, that could slip further pending the results of parachute tests, software reviews, and International Space Station (ISS) scheduling. After a disastrous first launch attempt in December 2019, in which after the Starliner
Tesla said Zachary Kirkhorn stepped down as its chief financial officer and named its accounting head, Vaibhav Taneja, as its new finance chief. Kirkhorn, a company veteran of 13 years, stepped down from the role on Friday, although he will remain with Tesla through the end of the year. The Elon Musk-led firm did not
Speeding BMW Rams Into A Garbage Bin, Damages Several Parked Vehicles In Spain | Carscoops The accident is reportedly the result of the conflict between two families which started with threats and insults and ended with plenty of damaged vehicles August 7, 2023 at 13:29 A bizarre incident that looks like a scene from a