Ferrari logo Dean Mouhtaropoulos Ferrari has a lot riding on its much anticipated and hotly debated SUV, called the Purosangue, to be unveiled later this year. Ferrari CEO Benedetto Vigna said the new SUV is “astonishing to drive.” “I’ve driven it several times in the hills of Maranello,” Vigna told analysts and reporters on an
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TOKYO — Subaru profits plunged by two-thirds in the latest quarter as crimped production and falling sales hammered results, driving backorders higher and forcing the automaker to cut its earnings outlook with no clear signs of relief from the ongoing semiconductor crisis. Subaru Corp.’s operating profit dropped 66 percent to 22.7 billion yen ($197.2 million)
In this article VRM Vroom Online used-car retailer Vroom will advertise during the Super Bowl for a second consecutive year, with the help of pop singer and dance choreographer Mandy Moore. The 30-second spot called “Flake” continues Vroom’s theme from last year about “flipping” car buying and selling on its head — but in an
DETROIT — Michigan “desperately” needs more software developers to compete in a fast-changing auto industry racing to develop self-driving vehicles and new mobility innovations, Ford Motor Co. Executive Chairman Bill Ford Jr. said. “We need to lean into the software development as a state if we’re going to be the leader,” Ford said in an
Jim Watson | AFP | Getty Images Used-car prices may be starting to soften, research suggests. After surging through the pandemic by as much as 50%, prices in the used-car market showed some easing in the last three weeks of January, according to car-shopping app CoPilot, which tracks daily prices at dealerships across the country.
Toyota Motor North America is working to help its retailers become more competitive with aftermarket parts suppliers on collision repairs. In December, Toyota became the latest automaker to join CollisionLink, a tool offered by Richfield, Ohio-based vendor OEConnection. The tool gives participating dealerships electronic visibility into an entire body shop estimate — not just the
1:22 PM ET Associated Press The father-son tandem of Petter and Oliver Solberg beat the surprisingly competitive American team of Colton Herta and Jimmie Johnson on the the frozen Baltic Sea to win the Race of Champions Nations Cup. Team Norway was led Saturday by 47-year-old Petter Solberg, the 2003 World Rally champion and two-time
Nissan is returning to Super Bowl advertising after a seven-year hiatus with an star-studded commercial led by “Schitt’s Creek” actor and co-creator Eugene Levy. Nissan Nissan Motor is returning to Super Bowl advertising after a seven-year hiatus with a star-studded commercial led by “Schitt’s Creek” co-creator and actor Eugene Levy. The 60-second spot features the
SAN FRANCISCO — Ford Motor Co. plans to suspend or cut production at eight assembly plants in the U.S., Mexico and Canada throughout next week because of microchip supply constraints, a spokeswoman said. The plants produce some of Ford’s biggest sellers and most popular vehicles, including the Ford-150, Ranger, Bronco, Explorer and Mustang Mach-E. The changes
5:57 AM ET Haas has become the first Formula One team to release images of its 2022 car ahead of the upcoming season. Built to the sport’s new technical regulations, the Haas VF22 is a dramatic departure from last year’s car with all new design concepts mandated by F1 and the FIA to improve wheel-to-wheel
In this article NVTS A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Navitas Semiconductor, a company that makes technology for super-fast phone chargers, says electric vehicles are its next big bet. “The same
DETROIT — With the financial pain of the global microchip shortage largely behind them, General Motors and Ford Motor Co. are racing to become leaders in electric vehicles even faster than planned with the help of growing profits from their internal combustion vehicles. Last year’s results — record adjusted earnings for GM and nearly $18
7:31 AM ET “The Colosseum. Oh, you should see the Colosseum, Spaniard. Fifty-thousand Romans. Watching every movement of your sword. Willing you to make that killer blow. The silence before you strike. And the noise afterwards. It rises. It rises up like … like a storm. As if you were the thunder god himself.” —
In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor is cutting production next week of several key products due to an ongoing global shortage of semiconductor chips. The automaker on Friday confirmed production downtime next week for the Ford Bronco