The wait time for a new Lamborghini SUV or super-car is now over 12 months, as demand from wealthy car lovers shows little sign of slowing, the automaker’s chief executive told CNBC on Wednesday. Despite volatile stock markets and growing economic uncertainty, demand for Lamborghini’s is “as high as ever,” said Stephan Winkelmann, Lamborghini’s CEO.
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12:37 PM ET Formula One’s governing body defended the Aston Martin safety car on Thursday, reminding drivers that its top speed was of secondary importance, after world champion Max Verstappen compared it to a turtle. Aston Martin and Mercedes both provide safety and medical cars for grands prix, with the championship divided between the two
EV startup Rivian Automotive has named its first chief sustainability officer, Anisa Kamadoli Costa, who will oversee the automaker’s climate goals, including carbon neutrality in its own operations by 2028. Costa most recently held the position of chief sustainability officer at Tiffany & Co. and served as president of the Tiffany & Co. Foundation, Rivian
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group | Getty Images BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said.
6:59 AM ET The Haas Formula One team has rejected former title sponsor Uralkali’s demand for a refund of $13 million and asked for compensation from the Russian company, according to a report by Motorsport.com. Haas split from Dmitry Mazepin’s company Uralkali and dropped his son Nikita as driver several weeks after Russia’s military invasion
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west
DETROIT — GMC‘s next-generation Canyon will include high-end features and off-road capability as the brand adds its new AT4X trim to the midsize pickup. GMC teased the updated Canyon on Thursday, ahead of a full reveal this summer. The Canyon will be the second GMC nameplate to add the AT4X trim, which was introduced on
11:46 AM ET Monaco is still discussing a new contract with Formula One but the future of the showcase race beyond this year is assured, according to the head of organisers the Automobile Club de Monaco (ACM). ACM president Michel Boeri hit back at media reports that Monaco was in danger of dropping off the
2023 Kia Telluride Kia Kia on Wednesday unveiled its new lineup of Niro hybrid and EV crossovers as well as updates to its extremely popular Telluride SUV. Both nameplates are important to the automaker in different ways. The Telluride has been a surprise sales success for the company, while the new Niro models come as
Stellantis CEO Carlos Tavares on Wednesday took a bullish stance on the U.S. market despite rising fears of a downturn. Speaking at the automaker’s annual shareholders’ meeting, Tavares said Stellantis was confirming its forecast for double-digit operating income margin this year, and added that expected sales in North America, especially in its highly profitable U.S.
Apr 10, 2022 Associated Press LONG BEACH, Calif. — Josef Newgarden won for the first time on the downtown streets of Long Beach, holding off Romain Grosjean on Sunday to make Team Penske 3-for-3 to open the IndyCar season. Newgarden led a race-high 32 laps to win a second consecutive race. Penske teammate Scott McLaughlin
PARIS – A French government spokesman said that the financial compensation for Stellantis CEO Carlos Tavares was not “normal” and showed there was a need for more regulation at the European level. Tavares, who oversaw the merger between PSA Group, where he was CEO, and Fiat Chrysler Automobiles that created Stellantis in January 2021, is
In this article LCID With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric vehicle maker Lucid is debuting a new edition of its popular and powerful Air luxury sedan. The Lucid Air Grand Touring Performance, announced Tuesday, will ship with 1,050 horsepower
4:48 PM ET Associated Press CHARLOTTE, N.C. — Jimmie Johnson doesn’t intend to let a fractured right hand keep him off the track. On Tuesday, the seven-time NASCAR champion, who has become an IndyCar Series regular, announced on Twitter he had surgery Monday night in Charlotte, North Carolina, to repair the injury he suffered in
In this article MBG-DE TSLA BMW-DE F GM 7267.T-JP With several major economies looking to cut the number of diesel and gasoline vehicles on their roads, Honda and other carmakers are attempting to develop electrification strategies that will allow them to remain competitive going forward. Aimur Kytt | Istock Editorial | Getty Images Honda plans
In a quiet San Francisco neighborhood earlier this month, three police officers stopped an autonomous vehicle driving with its headlights off and were captured on video trying to communicate with the car which had no human driver. The car’s owner, General Motors-backed Cruise Automation, has been rolling out its robotaxi service in the city since
4:47 AM ET Italy has seized properties worth some €105 million ($114.45 million) owned by Russian former Formula One driver Nikita Mazepin and his oligarch father. The operation targeted a villa — known as Rocky Ram — located in the north of the island of Sardinia. It is part of broader efforts aimed at penalising
Maja Hitij | Getty Images News | Getty Images Elon Musk went on a tweetstorm over the weekend, lobbing numerous critiques of Twitter. But the Tesla and SpaceX CEO appears to have deleted several of his spiciest takes, as he’s dropped his plan to join the social media company’s board. Musk’s tweets included suggestions on