Plastic Omnium reached a deal to buy AMS-Osram’s automotive-lighting business for 65 million euros ($72 million), a move aimed at supporting the French firm’s push into new market segments. The companies said the transaction is expected to close in the third quarter of 2022 and didn’t comment further on integration plans, according to a statement
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2:26 PM ET JEDDAH, Saudi Arabia — Formula One has confirmed this weekend’s Saudi Arabian Grand Prix will go ahead as planned despite an attack on a nearby oil facility. An Aramco oil depot 10km east of the Jeddah street circuit was in flames on Friday evening, with a large plume of black smoke visible
DETROIT — Tim Edmunds, a former UAW official at Local 412 in Warren, Mich., pleaded guilty Friday to embezzling $2.2 million in union funds and to money laundering. He could face up to nearly five years in prison, according to the U.S. Attorney’s Office for the Eastern District of Michigan The guilty pleas come roughly
Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors will halt pickup truck production at a factory in Indiana for two weeks next month due to an ongoing shortage of semiconductor chips that
We drove the Porsche 718 Cayman GT4 RS, Ford patented a hydrogen combustion engine, and Jay Leno drove an unrestored 1931 Auburn 8-98 A. It’s the Week in Reverse, right here at Motor Authority.Porsche put us behind the wheel of the 718 Cayman GT4 RS on the Streets of Willow circuit in California, and we
By Eric Ralph Posted on March 25, 2022 After several weeks of work and occasional glimpses of the hardware and installation process, it’s now clear that SpaceX has outfitted part of its next Starship prototype with a truly unique Starlink satellite dispenser. It remains to be seen if this particular assembly is simply a pathfinder
4:03 AM ET Germany’s Nico Hulkenberg will race for Aston Martin at Formula One’s Saudi Arabian Grand Prix in Jeddah, the team said on Friday, with four-time world champion Sebastian Vettel failing to recover from COVID-19 in time for the race. Vettel missed the season opener in Bahrain last weekend after testing positive for the
PARIS – Renault Group CEO Luca de Meo has warned that the automaker’s retreat from Russia creates a “very complex situation” for the company, weighing on profits and sales as it seeks to accelerate a multiyear turnaround effort. In an internal video for employees on Thursday, de Meo said Renault will make the security of
The inline-six, a classic engine design noted for durability, fuel efficiency and smoothness, will return to the Dodge and Jeep lineups this year. Stellantis said Friday its new Hurricane 3.0-liter twin-turbo six-cylinder engine — designed and engineered from a clean slate — fits front-engine, rear-wheel-drive vehicles such as the Jeep Wrangler and Grand Cherokee, Ram
Uber Technologies Inc. will list New York’s yellow taxis on its app, the first alliance of its kind in the U.S. in an effort to ease a driver shortage and pressure on fares. Uber’s shares jumped 5 percent. The ride-hailing giant reached a deal with the New York City Taxi & Limousine Commission’s technology partners,
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images A slew of electric vehicle companies operating in China have been forced to raise the prices of their cars as the cost of raw materials shoot up. Some companies like
NIO moves ever-closer to delivering its ET7 luxury sedan. The company announced the first batch of EVs has officially rolled off its assembly line in Hefei, China. ET7 deliveries remain on schedule to arrive to NIO reservation holders in China beginning March 28. NIO ($NIO) is a publicly-traded EV automaker founded in China in 2014. Since then,
3:29 PM ET Red Bull head into Sunday’s Saudi Arabian Grand Prix confident there will be no repeat of the gremlins that put both their cars out of the season-opener in Bahrain, the team’s Mexican driver Sergio Perez said on Thursday. The 32-year-old and his world champion team mate Max Verstappen, who was on course
Stellantis is continuing to build vans at its factory near Moscow, even as rival Renault has bowed to pressure to exit its sizable operations in Russia. Stellantis’s Kaluga factory is operating at a low level, a spokeswoman said Thursday, though the plant may have to shut down because of logistical and supply problems. After weeks
The new Porsche 718 Cayman GT4 RS is at the top of its model range for a host of reasons, not least of which is its on-track ability. What happens when you take one for a long road trip on normal stretches of pedestrian tarmac though? Henry Catchpole just drove one 1,700 miles (2,735 km)
WASHINGTON — The U.S. Postal Service said on Thursday it placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp. and will double its initial planned EV purchases. U.S. Postmaster Louis DeJoy said that based on USPS’s reform efforts and “our improving outlook, we have determined that increasing our initial electric
DETROIT — Ford Motor Co. CEO Jim Farley has reshaped the company’s internal operations to accelerate development of autonomous vehicles and foster new technology businesses. Farley formed Ford Next late last year and put it under the direction of Franck Louis-Victor, a hard-charging specialist in new businesses hired last June from Renault SA. The unit
In this article 9866-HK TLRY HNST : The Honest Company founder and chief creative officer Jessica Alba and The Honest Company CEO Nick Vlahos ring the Nasdaq Stock Market opening bell to mark the company’s IPO at NASDAQ MarketSite on May 05, 2021 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Honest