Sonic Automotive Inc., citing lower used-vehicle availability and higher wholesale pricing, has indefinitely suspended operations at eight EchoPark used-only locations and an unspecified number of delivery/buy centers, and it will take a significant second-quarter charge. The Charlotte, N.C., company said it anticipates a one-time charge from $60 million to $80 million, noting that all but
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Kodiak Robotics intends to outfit a fleet of 800 commercial trucks with self-driving systems. The trucks are expected to reach the road in the second half of 2025, the company said Thursday. Logistics firm Loadsmith will operate the trucks as part of a freight network billed as the first to be exclusively underpinned by self-driving
In this article STLA F TSLA PSNY TM GM TSLA Follow your favorite stocksCREATE FREE ACCOUNT The 2023 Alfa Romeo Tonale. Alfa Romeo New vehicles are becoming more troublesome, due in part to new technologies including safety systems, according to the 2023 edition of J.D. Power’s Initial Quality Study released Thursday. “The automotive industry is
It’s not just the pedestrian versions of the BMW 4-Series that are about to receive a facelift. The refreshed 2025 BMW M4 coupe has been spotted undergoing high-speed track testing at the Nürburgring. Like the 2024 BMW 4-Series that will precede it, the updated M4 will keep the changes to the minimum, with updates to
Folding electric bikes are all the rage with commuters of today. They’re perfect for folks who utilize multiple forms of transport – say, a car for driving into the city, the train or bus for moving within the city, and the bike for riding around their vicinity. These small and compact e-bikes are light, easy
SEOUL – Renault’s South Korean unit plans to add infrastructure at its plant in the southeastern city of Busan to build electric vehicles, the city’s government said. The automaker aims to produce 200,000 EVs a year at its Busan facilities, a statement issued by the city cited Renault Group Executive Vice President Guido Haak as
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Some of the recent darlings of the EV market, including Kia and Rivian Automotive, are off to a slow start this year due to supply chain issues, softening demand and the loss of the federal EV tax incentive because of tougher eligibility rules. Overall, EV registrations grew 72 percent in the January to April period,
Cadillac advertises for its electric car in Shanghai on May 23, 2023. A traffic police woman stands below. Hugo Hu | Getty Images News | Getty Images BEIJING — Subsidies for electric cars aren’t enough to boost growth in China’s slowing economy. One of the few detailed stimulus plans Beijing has announced this year extends
In this classic moment from Roadkill episode 64, we’re revisiting the supreme king of automotive failure: the Rotsun. Nothing would ever go right with this car, which of course meant that Freiburger and Finnegan simply had to add a V8 Ford Mustang engine! #roadkill #motortrend #rotsun MotorTrend is the ultimate streaming destination for gearheads coupled
By Richard Angle Posted on June 20, 2023 United Launch Alliance is targeting the launch of the penultimate Delta IV Heavy with the secretive NROL-68 mission at 3:29 AM ET (07:29 UTC). The launch will take place from Space Launch Complex-37 located at Cape Canaveral Space Force Station in Florida. The Delta IV Heavy was
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
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.