Tesla Inc. missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. The EV maker’s net income during the latest period dropped 24 percent to $2.51 billion. Tesla reported total gross margin of 19.3
GAYDON, England — The Jaguar brand will reinvent itself with the 2025 launch of an all-electric, four-door Grand Tourer model that will have “exuberant and fearless” styling, executives said. The car will be the brand’s fastest model to date and will cost more than 100,000 pounds ($124,200) as Jaguar moves more upscale into the ultraluxury
In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT The logo of Stellantis, the world’s fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, is seen at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. Massimo Pinca | Reuters
A Tesla Semi truck just happened to show up in a neighborhood and the driver answered some questions about the electric truck. He had mostly positive words to share about the truck, though he’s spent very little time using it. We know Tesla delivered some electric Semis thanks to the official delivery party, and we
Audi’s preparations to enter Formula One in 2026 are picking up speed and a prototype power unit will run on the test bench before the end of the year, the German manufacturer said. The Volkswagen-owned brand announced last October that it was taking a stake in the Sauber Group, whose Swiss-based team are competing this
4:39 AM ET Reuters and ESPN Audi’s preparations to enter Formula One in 2026 are picking up speed and a prototype power unit will run on the test bench before the end of the year, the German manufacturer said on Tuesday. The Volkswagen-owned brand announced last October that it was taking a stake in the
Ford Around With A Mustang And Find Out | Carscoops Fortunately, it doesn’t appear as though any one was injured after this Ford Mustang crashed by Brad Anderson 1 hour ago by Brad Anderson It’s hard to keep count of the number of times we’ve seen a Ford Mustang become the butt of jokes due
A bill that aimed to prohibit right of first refusal on dealership buy-sell deals failed in West Virginia’s House of Delegates last month, in part on the concern that eliminating it could hamper automakers’ efforts to increase racial diversity among dealers in the state, according to a representative of the state’s dealers association. The right
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan ($160,000). CNBC | Evelyn Cheng SHANGHAI — Fully autonomous driving is “basically impossible” and the technology would be better applied to manufacturing, according to Chinese battery and electric car company BYD. Many electric car and tech companies
Chevrolet revealed the first electrified Corvette in January in the form of the 2024 Corvette E-Ray. It goes on sale later this year but the rights to the first example, the car with a VIN ending in 001, have already been sold. The rights were put under the hammer at Barrett-Jackson’s auction that took place
By William Johnson Posted on April 18, 2023 Ford has teased its next electric vehicle offering, but sadly, it likely won’t be coming to the United States. The Ford Puma is one of the most popular vehicles the Blue Oval produces, yet outside of the markets that it is sold in, it is essentially unknown.
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Premium EV brand Zeekr, from Zhejiang Geely Holding Group, is another Chinese car brand expanding into Europe. Its 001 sedan and Zeekr X SUV will arrive in Sweden and the Netherlands from the fourth-quarter, with more countries to follow, according to a company statement Tuesday. Zeekr has recruited 24-year Lexus veteran Spiros Fotinos to spearhead
12:50 PM ET ESPN’s News Services IndyCar issued a statement Tuesday decrying “disrespectful and inappropriate online abuse” directed at several of its drivers following Sunday’s race in Longbeach, Calif. The move comes affter Callum Ilott and Agustín Canapino, who are teammates at Juncos Hollinger Racing, both had disappointing finishes in Sunday’s Grand Prix of Long
Gravity-Defying SUV Crashes Into Second Story Of Californian Home | Carscoops The SUV appears to have launched off a nearby hill, but none of the home’s residents were hurt by Sebastien Bell 1 hour ago by Sebastien Bell Placer County firefighters were forced to really use their training on Sunday, while responding to a bizarre
The U.S. Justice Department said on Tuesday it had reached a settlement with General Motors to resolve the department’s determination that the American automaker discriminated against non-U.S. citizens. Under the terms of the agreement, the company will pay $365,000 in civil penalties to the United States, the Justice Department said in a statement. GM did
BMW’s flagship electric sedan is getting more vroom from the M performance subbrand. The 2024 BMW i7 M70 xDrive, which rides on an M-tuned chassis, is being billed as the quickest and most powerful model in the German luxury marque’s battery-powered portfolio. A pair of electric motors deliver a combined 650 hp and propel the
An electric vehicle is charged in Monterey Park, California, on April 12, 2023. – US President Joe Biden’s administration unveiled new proposed auto emissions rules, aiming to accelerate the electric vehicle transition with a target of two-thirds of the new US car market by 2032. Frederic J. Brown | AFP | Getty Images Fewer electric