Legacy automakers have been sounding optimistic lately about vehicle sales in China heading higher following the great reopening. Volkswagen Group CEO Oliver Blume seemed to come away bullish from his visit in February, and others such as BMW have offered similarly positive sentiment. That near-term swagger hides an uncomfortable point for established automakers: Many of
8:41 AM ET George Russell suggested Red Bull has not shown its true pace advantage this year because of fears Formula One will step in to slow them down. The Mercedes driver’s prediction of Red Bull winning all 23 races this year is still on, with the reigning world champions going three-from-three to kick off
BMW Lambasted For Using Models And Internet ‘Celebrities’ To Promote XM | Carscoops Does BMW really need celebrities and models to sell the ugly XM? by Brad Anderson 1 hour ago by Brad Anderson BMW really wants the world to know about the hybrid XM and has recruited a host of famous models, influencers, and
Nikola Corp.‘s plan move to ramp up production of semitrucks powered by electric batteries and hydrogen fuel cells will be costly. The Phoenix company is expected to raise $100 million for “working capital and other general corporate purposes” through a secondary stock sale of roughly 90 million shares. The sale is expected to close by
The ghosts of Nikola’s past are still clattering around in the startup commercial truck maker’s corporate attic. But they aren’t distracting CEO Michael Lohscheller, the 31-year auto industry veteran who became Nikola CEO just over a year ago. The company, founded by disgraced former CEO Trevor Milton, convicted last year on three counts of fraud
In this article F GM Follow your favorite stocksCREATE FREE ACCOUNT DETROIT – General Motors pulled ahead of Ford Motor to become the country’s second best-seller of all-electric vehicles during the first quarter, trailing only industry leader Tesla. GM on Monday said it sold 20,670 EVs during the first three months of the year. Ford,
We won’t know for sure what Tesla’s final plans are until the company makes it all official. However, according to a report that cites several industry insiders who claim to have details on the matter, the next-gen Tesla model will be a small crossover. It should come as no surprise to those who follow the
Mercedes-Benz on Monday revealed a mid-cycle update for the GLS-Class full-size SUV, and the changes extend to the GLS 63 from AMG. The changes to the GLS 63 are subtle, even by mid-cycle update standards, but they add some further refinement to an already polished vehicle. The updated version can be identified by revised taillights,
As European Commission President Ursula von der Leyen sat in the Oval Office last month she gushed before the cameras about the U.S. Inflation Reduction Act. “It’s great that there is such a massive investment in wind and clean technologies now,” she said of America’s green awakening. It was not until the press shuffled out
Soccer Player’s Mercedes Hits Roundabout And Goes Airborne Crashing Into Sports Center | Carscoops The 25-year-old football player’s car struck a roundabout at high speed and flew over 100-feet through the air by Brad Anderson 1 hour ago by Brad Anderson A Belgian football player has been hospitalized after crashing a car through the wall
Genesis presented a four-passenger, coupe-style version of the GV80 crossover as a design concept in the run-up to the New York Auto Show that kicks off Wednesday. The automaker said the concept “serves as a statement of intent for the future, hinting towards more emotional and performance-oriented models.” It was unveiled late Monday at the
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images A San Francisco federal jury has ordered Tesla to pay $3 million in punitive damages and $175,000 in economic damages to Owen Diaz,
By Simon Alvarez Posted on April 2, 2023 Tesla (NASDAQ:TSLA) has released its vehicle delivery and production report for the first quarter of 2023. As per the electric vehicle maker, Tesla was able to produce over 440,000 vehicles and deliver more than 422,000 electric cars in Q1 2023. Specifically, Tesla produced a total of 421,371
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Is The BMW M3 Touring The Perfect Performance All-Rounder? | Carscoops The BMW M3 Touring drives just as well as the sedan while also being more practical by Brad Anderson 3 hours ago by Brad Anderson When the G80-generation BMW M3 was launched in 2020, it received plenty of criticism due to the controversial inclusion
PARIS — Sales of new cars in France surged 23 percent in March compared with the 2022, extending a streak of sales gains to eight months as shortages of components that constrained production continue to ease. There were 182,713 passenger vehicles sold in March, according to the trade group PFA. For the year, the market
Securing auto financing used to be almost an afterthought—buy a car and pick a loan at the dealer. But now, with the rise of online car shopping, the marketplace is more competitive, with banks, credit unions and automaker-controlled lenders hitting up consumers a lot earlier in the buying process. Ford Credit is responding to this
5:26 AM ET MELBOURNE, Australia — Formula One has always been a complex sport, but the chaos of the final few laps at the Australian Grand Prix even left some drivers and team bosses confused. In the space of the last four laps, the race was red flagged twice, resulting in one standing restart, four