A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images Wholesale used-vehicle prices fell in February from January, a sign that while prices remain near record levels, the surge in U.S. used-car prices may be easing. Cox Automotive said on
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MUNICH — Volkswagen has brought forward a production stop by one week at its home factory in Wolfsburg in Germany, as rivals BMW and Mercedes-Benz also halt output due to a shortage of parts produced in Ukraine. VW is pausing production at the Wolfsburg plant on Monday for at least two weeks, a company spokesman
Uber Technologies Inc. raised its outlook for first-quarter core profit on Monday, as its ride hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened. The company also said customers continued to order food at a high rate in
The Environmental Protection Agency (EPA) on Monday said it was proposing new rules to cut smog-forming and greenhouse gas emissions from heavy duty vehicles. The agency is proposing to require cuts in nitrogen oxide emissions from heavy trucks of 47 percent to 60 percent by 2045. The new standards would begin in the 2027 model
Stylish urban electric bicycle company Ampler has just unveiled two all-new city e-bike models that offer both work and play options for urban riders. The new Ampler Juna is a relaxed comfort bike for cruising the city, while the new Ampler Axel offers a sportier, more responsive ride that is more likely to strike a
Perhaps the best sign the crossover craze has taken a step too far, Porsche is out testing a high-riding 911. Porsche hasn’t confirmed plans to launch a high-riding 911, though the automaker’s sales and marketing chief, Detlev von Platen, said in a 2018 interview that such a car “could be a good idea.” He even
5:50 AM ET Ferrari driver Charles Leclerc compared the “porpoising” sensation in new Formula One cars to turbulence on a plane and said it made him feel ill in the opening preseason test. F1’s new cars displayed one very odd bit of behaviour at the first test in Spain, bouncing up and down on their
An employee works on a Ford Motor Co. Super Duty Truck engine at the Ford Kentucky Truck Plant in Louisville, Kentucky, Sept. 30, 2016. Luke Sharrett | Bloomberg | Getty Images Ford Motor is once again cutting production of highly profitable trucks and SUVs due to an ongoing global shortage of semiconductor chips that has
On this week’s episode of The Downshift, we catch up with Murph, who set off 3 years ago to ride his BMW R 1150 GS Adventure motorcycle around the world. Since Murph lives on his motorcycle and was planning to drive in snow and ice, the bike had to be modified to the extreme. Added
TOKYO – Former Nissan boss Carlos Ghosn, fresh off being slammed in a closely watched Tokyo verdict, is vowing to continue his legal battle with a fresh lawsuit against his former company. On the lam in Lebanon, the fugitive automotive icon said the Tokyo District Court’s conviction last week of his onetime deputy Greg Kelly
Land Rover is giving one customer an experience that’s much less terrestrial than its name suggests. The luxury SUV brand and Virgin Galactic are running a contest in which the grand prize is a flight into space. The Adventure of a Lifetime Sweepstakes is open to new and existing Land Rover owners who live in
AutoFi, an emerging digital F&I platform, said it plans to focus on product investment after raising $85 million from investors that included Santander Consumer USA. The latest funding round announced Monday translates into a nearly $700 million valuation for AutoFi and follows four straight years of doubling revenue, AutoFi said. Santander was joined by other
Within an hour of hearing about a fatal crash between a self-driving test vehicle and a pedestrian, Bastien Beauchamp started thinking about better ways for autonomous vehicles to communicate with vulnerable road users. “I saw that news, and I was really shocked,” said Beauchamp, a serial entrepreneur. “I thought, ‘This is the future, where you
China is not slowing down and notes a very high increase in plug-in electric car sales right from the start of the year. According to EV Volumes’ data shared by Jose Pontes, in January, some 372,615 new passenger plug-in electric cars were registered in China, which is 115% more than a year ago. See more
If you’ve never heard of the CityRover and are wondering how bad this inoffensive looking small car could really be, know this: it went on sale in late 2003, and by 2005 Britain’s once mighty Rover Group, the modern incarnation of the company that had changed the world with the 1959 Mini, was dead. It
In this article F Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images In the biggest deal it has done in a long time, Ford Motor Co. decided to split its electric-vehicle business
Stellantis will cut the distribution costs of its new vehicles by 40 percent by 2030, rising to a 50 percent reduction in Europe, as it shakes up the way it sells new cars. The promise was made as part of the company’s Dare Forward 2030 strategy. CEO Carlos Tavares also said that the automaker that
Dealers in West Virginia are pushing for major changes to the state’s franchise law that would define their role in vehicle reservations and when a dealership should be compensated after over-the-air updates are performed by an automaker. West Virginia’s House of Delegates last week unanimously passed the bipartisan bill known as HB 4560, which is