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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In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, Tesla Corporate Headquarters are seen on January 03, 2023 in Travis County, Texas. Brandon Bell | Getty Images Tesla just kicked off its 2023 annual shareholders meeting at its Austin, Texas factory, on Tuesday with shareholders voting to add former Tesla
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
The Biden administration has dropped, for now, a plan that would have awarded automakers such as Tesla Inc. credits for using renewable natural gas to power EVs. That proposal was excluded from drafted regulation setting biofuel-blending quotas for the next three years that is undergoing final review at the White House, according to people familiar
In this article STLA GM F 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT 2024 Toyota Tacoma Trailhunter Toyota DETROIT — Size matters. Just ask America’s largest automakers. Ford, General Motors and Toyota are among those increasingly looking to capitalize on the growing midsize pickup truck segment: vehicles big enough to command high price tags but
Associated Press May 19, 2023, 07:08 PM ET INDIANAPOLIS — Two-time Indy 500 champion Takuma Sato turned the fastest lap at Indianapolis Motor Speedway in 27 years on Friday, and defending winner Marcus Ericsson was close behind him, making Chip Ganassi Racing the team to beat heading into qualifying weekend for “The Greatest Spectacle in
Tesla Inc. is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters’ review of its website, even as the electric carmaker has raised U.S. prices on most newly ordered cars this month. Facing economic headwinds and mounting competition, Tesla
Bentley Continental GTC Speed in Kingfisher Adam Jeffery | CNBC The V-12 engine is dead. Long live the V-12. In the coming years, supercar companies like Lamborghini, Bentley and Rolls-Royce have all announced phase-outs of their V-12 engines as they roll into the age of hybrid and electric vehicles. In the meantime, they’re launching 12-cylinder
Associated Press May 18, 2023, 09:53 AM ET INDIANAPOLIS — Stephanie Beatriz, who starred as Detective Rosa Diaz on the TV show “Brooklyn Nine-Nine” and voiced Madrigal on the Academy Award-winning film “Encanto,” will serve as the grand marshal for the Indianapolis 500 later this month. The track announced Tuesday the award-winning actress, who will
The Geely-backed auto technology startup ECARX’s sole focus on the auto industry will give it an advantage over its larger competitors, according to its CFO. “That’s a massive differentiator for us,” said Ramesh Narasimhan, who took over as ECARX’s CFO in September after stints with Ford and Nissan in Asia and Australia. The company, founded
In this article TM Follow your favorite stocksCREATE FREE ACCOUNT 2024 Toyota Tacoma Trailhunter Toyota Toyota Motor is counting on the fourth generation of its Tacoma truck, including a new “Trailhunter” model, to help maintain its leadership in the growing U.S. midsize pickup market. The Tacoma has led the midsize pickup segment in sales for
Ryan McGee, ESPN Senior WriterMay 18, 2023, 11:48 AM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year North Wilkesboro Speedway was left in ruin after NASCAR stopped showing up in 1996. Aaron Burns/NWS Photo Nine-thousand, seven-hundred and thirty-one days. When the NASCAR All-Star
WAIMEA, Hawaii — The Toyota Tacoma, the top-selling midsize pickup in the U.S., has been retooled from top to bottom for 2024. Journalists had a chance to look it over here late Thursday. Here are six key things that stand out on the fourth-generation Tacoma, due in dealerships late this year. Pricing for the 2024
Adrian Hallmark, CEO, Bentley Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter thanks in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more
Imola’s F1 race will not take place this weekend due to the extreme weather and flooding that hit the Emilia Romagna region in recent weeks. Imola, one of two F1 races in Italy on this year’s schedule, is located in the middle of a area of national emergency. Local officials have confirmed the flooding has
TOKYO — The rebranded Tokyo Motor Show wants to become the “Davos of Mobility.” Imagine a who’s who meetup of business leaders from the traditional automotive industry and whiz kids from innovative startups in artificial intelligence, software and renewable energy. But instead of gathering at a snowy Swiss ski resort, they do it on the
Generic stock pictures of the Astra assembly line at Vauxhall’s plant in Ellesmere Port, Cheshire. Picture date: Tuesday July 6, 2021. Peter Byrne – Pa Images | Pa Images | Getty Images LONDON — Executives from Stellantis, the automaking giant behind brands including Peugeot, Chrysler and Citroën, are meeting with U.K. ministers Wednesday to warn
UAW workers at a Ford-supplying plant in suburban Detroit began striking Wednesday after nine failed negotiation meetings. The Constellium Automotive plant produces aluminum structures and crash management systems for the Ford F-150, F-150 Lightning, Explorer and Super Duty at six assembly plants. The 160 workers on strike are concerned about health and safety issues at