Nio is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong. “We are very confident to achieve our sales target in 2023,” Feng said in an interview with Bloomberg Television on Wednesday. That
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A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors of producing faulty transmissions for about 800,000 vehicles from the 2015 to 2019 model years. Monday’s decision by U.S. District Judge David Lawson covers several Chevrolet and GMC trucks and SUVs, several Cadillac models, and the Chevrolet
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Shares of Carvana popped during early trading Wednesday after the embattled used car retailer pre-announced guidance for the first quarter and
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. Sponsored by SAE International: Join the global mobility community in Detroit from April 18-20 for WCX, the largest technical mobility event in North America. Register now: http://bit.ly/3wU8e2D New
The 2023 FIA World Endurance Championship got underway last week with the 1000 Miles of Sebring. The race was significant for two main reasons. First, the new LMDh category of cars competed for the first time in the premier Hypercar class alongside cars from the existing LMH category. Second, Ferrari made its return to top-level
MILAN — Italian-Japanese auto parts maker Marelli has reached an agreement with unions to cut 400 jobs in Italy voluntarily, amid rising costs of raw materials and falling sales due to supply chain problems. “On redundancies a framework agreement was reached that rules out forced layoffs,” Italian unions said in a joint statement after striking
Texas Cops Arrest Street Racers Only To Then Join Them In Sanctioned Dirt Race This Saturday | Carscoops A guy who was arrested challenged the cops – and they accepted to settle the score on the dirt track in a friendly race by Stephen Rivers March 21, 2023 at 19:35 by Stephen Rivers A few
With Tesla Inc‘s plan to open a $5 billion Gigafactory in Mexico, the country should soon become a hub of electric vehicle production, but EVs remain too expensive for most Mexicans and they are impractical to drive in much of the country, which lacks enough charging stations. Mexico has made reviving fossil fuel output a
A cellphone used as a dash cam paired with a driver safety app is helping users implement safer driving behavior, data from Driver Technologies Inc. shows. The Parkersburg, W.Va., company’s Driver mobile app allows a cellphone to be used as a dash cam by recording trips. It also offers safety features such as visual and
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The United States automobile market is experiencing a huge transformation towards 100% all-electric mobility and the process is accelerating. We recently saw reports for the month of January, when the share of new light-duty, battery-electric vehicle (BEV) registrations in the country exceeded 7 percent of the total volume. But not only is the general volume
The HiPhi Sure Looks Like A Spaceship But Is It Actually Any Good? | Carscoops The HiPhi Z has perhaps the most intriguing infotainment display of any production car by Brad Anderson March 17, 2023 at 14:00 by Brad Anderson Few, if any, electric cars make quite as much of an impression on the road
Ford has applied its storied Explorer nameplate to its new electric compact SUV for Europe, the company has announced. Ford unveiled the new car in a digital event ahead of deliveries, which are set to start early next year. The Ford Explorer name was chosen “as a nod to our American heritage and the spirit
6:45 AM ET Mercedes boss Toto Wolff said his team are “changing things” in a bid to improve their position ahead of the Australian Grand Prix on April 2. Speaking to reporters at the Saudi Arabian Grand Prix, team principal Wolff said he would have no shame if the revamped car ended up resembling a
69-Year-Old Driver Who Chased And Hit Biker Sentenced To 8 Months In Jail | Carscoops As part of the sentence, the convicted man also faces a three-year and four-month driving ban by Stephen Rivers March 20, 2023 at 19:48 by Stephen Rivers Road rage doesn’t pay and Graham Robinson, 69, is finding that out the
Sales of certified used vehicles in the U.S. fell in 2022 to their lowest level in eight years as dealers grappled with a stunted supply of certifiable used vehicles returning to market and some customers switched back to purchasing new vehicles as production improved. Last year, sales of certified pre-owned vehicles dropped to 2.49 million,
WASHINGTON — The U.S. Transportation Department plans to announce on Tuesday it is awarding $94.8 million to 59 projects on advanced technology projects to boost road safety, improve transit reliability and use drones and sensors for transportation projects. The $1 trillion November 2021 infrastructure law dedicates $500 million over five years for “Smart” mobility projects.