Following reports out of China earlier this month, battery behemoth CATL has confirmed the production of its M3P batteries that will deliver next year. Although the chemistry may be similar, CATL has said the M3P batteries vary from Lithium Manganese Iron Phosphate (LMFP) cells. Contemporary Amperex Technology Co Ltd., aka CATL, is a global energy
admin
FRANKFURT — Volkswagen Group CEO Herbert Diess is stepping down and will be succeeded by Porsche boss Oliver Blume. Diess is resigning “by mutual agreement,” VW said on Friday. Blume will continue his role as the head of the Porsche brand, flanked by VW’s current Chief Financial Officer Arno Antlitz, who will assume the position
5:51 PM ET Associated Press NEWTON, Iowa — IndyCar champion Alex Palou insisted Friday he wasn’t lying last month when he told The Associated Press he was happy driving for Chip Ganassi Racing, wasn’t talking to any other teams, and was set to return to the No. 10 next season. Well, something dramatically changed in
What kind of vehicle is the 2023 Chevrolet Malibu? What does it compare to? The 2023 Chevrolet Malibu is the last Detroit-badged mid-size sedan. Shop it against the Toyota Camry and Honda Accord as well as the Subaru Legacy and Kia K5. Is the 2023 Chevrolet Malibu a good car? Review continues below It’s good
Dramatic footage has captured the moment when a white Dodge Challenger SRT Hellcat crashed heavily on the new Sixth Street Viaduct bridge in Los Angeles. Vision shows the driver of the Dodge performing a smoky burnout in the center of the bridge, despite the fact that there were lots of other cars on the other
With a supercharged V8 nabbed from the Mustang GT500, the “R” is a worthy competitor to super trucks like the RAM TRX. Technical Director Frank Markus gets a first look. Read more about the 2023 Ford Raptor R right here. ➡️ https://bit.ly/3Ol4DRo MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive
Automotive mirror supplier Gentex Corp. said Friday that ongoing component shortages and reduced light-vehicle production led to lower second-quarter profits, but also touted a sales increase compared with 2021. The Zeeland, Mich., company, which primarily produces automatic-dimming rearview mirror and camera-based driver-assistance systems, said net income decreased 16.3 percent to $72.4 million. Gentex’s earnings are
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Mixed earnings signals on consumer strength 2. Social media stocks get slammed 3. Get ready for the most important week of earnings season 1. Mixed earnings signals on consumer
Automakers are forming contingency plans for potential work stoppages at West Coast ports even as talks continue between the Pacific Maritime Association and the International Longshore and Warehouse Union to replace an expired labor contract. The ports, especially those in Long Beach and Los Angeles, are crucial shipping hubs for the U.S. auto industry. The
Little by little, people are starting to realize that no, you don’t need a V8-powered, 7-seater SUV for your daily errands run and to get you around the city. Scooters and bicycles, and more recently, electric bicycles, have proven to be worthy replacements for these around-town trips while offering you a few benefits alongside the
MARRAKECH — Morocco is negotiating with electric-vehicle battery manufacturers to set up a plant in the country to mesh with its existing automotive sector and cobalt output, Industry Minister Ryad Mezzour said. “We hope to sign a deal for the plant before the end of this year,” the minister said in an interview with Reuters,
What kind of car is the 2023 Subaru Crosstrek? What does it compare to? The Crosstrek is a small crossover with five seats that is essentially a raised version of the related Impreza hatchback. It rivals the Honda HR-V, Kia Seltos, and Jeep Renegade. [embedded content] Is the 2023 Subaru Crosstrek a good car? Review
A biker from Brazil had a near-death experience when his head ended up under the wheels of a bus. Thankfully, the man was wearing a helmet which proved to be life-saving in combination with the great reflexes of the bus driver. The incident was caught on a safety camera and the footage ended up on
Buoyed by stronger than expected demand for its electric vehicles, Ford has set ambitious global production targets of 600,000 EVs annually by late 2023 and over two million by 2026. To put that into perspective, Tesla, the biggest EV manufacturer at present, built a record 936,000 EVs in 2021. To make sure it has enough
After decades spent working for others, Volkswagen Group of America CEO Scott Keogh this week was given control over a bag of seed money, handed the equivalent of a roughly sketched map and sent off on his own. Keogh, 53, was named CEO — as well as the first and thus far only employee —
In this article TSLA Pedestrians walk through a street crossing in front of the American electric company car Tesla Motors official authorized car dealer store in Hong Kong, July 13, 2022. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Shares of Tesla jumped nearly 10% on Thursday, one day after the electric car
By Johnna Crider Posted on July 21, 2022 The best Chinese EV manufacturer right now happens to be owned by an American company, Tesla. Tesla and America have a lot to be proud of. During Tesla’s Q2 2022 earnings call yesterday, Tesla CEO Elon Musk complimented the Chinese competition but noted that the best Chinese
Ford Motor plans to add a new battery cell chemistry to its electric vehicle portfolio to increase capacity and make them cheaper to build. The automaker plans to add lithium iron phosphate cells to the Mustang Mach-E next year and to the F-150 Lightning in early 2024, a move it said will reduce material costs