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Geely’s LEVC London cab unit is pinning its hopes on a new groupwide platform for larger passenger vehicles to deliver the scale effects it has so far lacked for its flagship TX plug-in hybrid. LEVC, short for London Electric Vehicle Company, started production of the TX cab in 2017 at a new facility near Coventry,
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Toyota isn’t just winning the battle for Hispanic consumers — it’s dominating the nation’s second-largest ethnic group, in a triumph that’s more than 30 years in the making. The brand accounted for five of the top six nameplates sold to Hispanics in 2022, according to U.S. new-vehicle registration data from S&P Global Mobility. The Toyota
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Associated Press May 19, 2023, 02:27 PM ET INDIANAPOLIS — Rarely has someone as accomplished at Indianapolis Motor Speedway as Bobby Rahal looked so uncomfortable there. That will happen when you’re asked about the future of your own kid on your race team. Yet there he sat Friday morning, overlooking the famed yard of bricks
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A new manufacturing process developed by supplier giant Magna International Inc. and the Department of Energy’s Pacific Northwest National Laboratory could soon make it possible to reduce aluminum parts suppliers’ reliance on new aluminum. The process — Shear Assisted Processing and Extrusion — allows a company to collect scrap and leftover aluminum trimmings and directly
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By William Johnson Posted on May 20, 2023 Twitter has begun hiring for positions related to its upcoming “everything app” offering. Since Elon Musk started the process of acquiring Twitter late last year, his intentions have been clear; make an “everything app” that could rival the incredibly successful WeChat offering in China. From this app,
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BMW will start producing its next-generation of electric vehicles, dubbed Neue Klasse, in the northeast China city of Shenyang in 2026, giving a major boost to its EV product lineup in the world’s biggest light-vehicle market.  The new EV models will be assembled at BMW Brilliance Automotive, its joint venture with Brilliance China Automotive Holdings,
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Associated Press May 20, 2023, 07:15 PM ET INDIANAPOLIS — Ganassi, Ganassi, Ganassi. It was practically the only name mentioned as the four-car organization returned to Indianapolis Motor Speedway poised to defend last year’s Indianapolis 500 victory. Arrow McLaren Racing pushed it aside on the first day of Indy 500 qualifying. Felix Rosenqvist, a former
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Used-vehicle-only retailers and some of the six publicly traded dealership groups in their latest quarters said they favored boosting gross profit per used vehicle they retailed and not necessarily growing sales volume. For used-retail giant CarMax Inc., keeping gross profit per vehicle stable was a priority, CEO Bill Nash said last month. Online used-vehicle retailers
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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Associated Press May 19, 2023, 04:14 PM ET INDIANAPOLIS — Few drivers have experienced a bigger boost from winning the Indianapolis 500 than Marcus Ericsson, who has turned last year’s victory into a life-changing event. Not only did it resurrect the Swedish driver’s career, which had stalled after five seasons in Formula One, it also
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