A VinFast VF8 electric car on display in a showroom. Yu Ruidong | China News Service | Getty Images It has been a challenge for Vietnamese electric vehicle maker VinFast to crack the U.S. market amid tough competition and softening demand. VinFast cut monthly lease prices for its first U.S. buyers to $399, down from
As it continues to seek a solution to the issue that led to February’s production halt and voluntary recall of its Endurance full-size electric truck, Lordstown Motors has announced a next-generation platform and vehicle program. Lordstown on Monday said it is working with contract manufacturer Foxconn to develop the platform and a new commercial vehicle.
According to more and more media reports, General Motors is expected to announce a new EV battery-related partnership with Samsung SDI. The articles, based on unofficial sources, say that the two companies might sign a Memorandum of Understanding (MOU) this week (on Wednesday, March 8). The reports build on the previous news that GM-LG Energy
PINZOLO, Italy — Ferrari expects to deliver its first four-door model, the Purosangue, to customers by mid-year, as the supercar maker responds to competitors such as the Lamborghini Urus SUV. Ferrari says that the Purosangue, which was unveiled in September 2022, is not a crossover or SUV, although at 1589 mm tall, it is only
7:51 AM ET Reliability was not the top concern for new Ferrari boss Fred Vasseur before the start of the Formula One season but Sunday’s opening race in Bahrain sent it back up the list of priorities. Charles Leclerc, who led a Ferrari one-two from pole at Sakhir last year, lost power and retired 17
Tesla Model S Yanks A Stuck Rivian R1T Out Of A Snow Bank | Carscoops Here’s a bit of good samaritan behavior between two electric vehicle owners by Stephen Rivers 3 hours ago by Stephen Rivers It’s not every day that we see electric vehicle owners of rival brands help one another out of a
As Ford Motor Co. asks many dealers to spend upwards of $1 million to sell future EVs, it also wants retailers to invest in new commercial-focused facilities with larger service bays and expanded hours that it says will boost fixed operations profitability. The automaker in the coming years expects its retail network to open 120
DETROIT — Traditionally, automakers didn’t install anything on a vehicle that they couldn’t charge for. While it might simplify manufacturing somewhat to build each vehicle with the same set of parts, it costs money to install buttons, switches, knobs, sensors, computers and wiring for optional or nonfunctioning equipment. When you build hundreds of thousands of
DETROIT — Consumers hoping for a deal this spring on a used car or truck might be out of luck, as wholesale used vehicle prices increased for a third consecutive month in February. Cox Automotive on Tuesday reported wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the
The high-performance GT sits at the top of the Kia EV6 line in 2023, boasting a significant power bump over its sister models and costing just a few thousand dollars more than the other cars in the lineup. On paper, at least, the EV6 GT has it all – groundbreaking EV tech, great styling, a
By Joey Klender Posted on March 6, 2023 Tesla is aiming to start construction on its new factory in Mexico later this month as it is already awaiting final permits and could start building its first vehicles at the plant as soon as early 2024, officials said. Tesla is already awaiting approval of the project
Jaguar and Land Rover dealers in Europe are threatening to take the automaker to court over the automaker’s new contracts that dealers says substantially reduce their margins. Dealers are angry that the automaker plans to reduce their margins after they have invested millions in their dealerships in recent years at the automaker’s request. JLR’s plunging
Police Bust Thieves Charging Their Tesla Model X Getaway Car | Carscoops Authorities in Georgia recovered stolen games consoles, guns and drugs by Chris Chilton 18 hours ago by Chris Chilton As a getaway car the Tesla Model X has plenty going for it. A six-seat layout means it has enough space for a big
Nissan Motor Co.’s credit rating was slashed to junk by S&P Global Ratings, a blow for an automaker that has struggled to boost profitability in the years following former Chairman Carlos Ghosn’s arrest and the industry’s pivot toward electrification. The automaker’s credit rating was cut by a notch to BB+ by S&P, which said a
Lidar maker Luminar Technologies used its first investor day as an opportunity to position itself as more than a company supplying autonomous driving technology to clients such as Mercedes-Benz, Volvo, Polestar and Daimler Truck Group. At its Orlando, Fla., headquarters last week, Luminar executives explained their rebranded semiconductor business; unveiled a new line of automotive
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A drivers uses a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Tesla cut prices on its two most expensive models in the U.S., the Model S and Model X, in a
Tesla has taken the machete to prices of its Model S and Model X, just two months after it hacked prices across its lineup. The Model S now starts at $91,380 and the Model X at $101,380, with the Model S price down $5,000 or about %4, and the Model X price down $10,000 or
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