A day after a “frustrating” earnings report, Ford Motor Co. CEO Jim Farley told employees in a letter that he is cutting the percentage used to calculate bonuses for senior leaders including himself. The letter, co-signed by CFO John Lawler and obtained by Automotive News, explained that for 2022, the company’s salaried work force is
TOKYO – Honda will use a new hydrogen fuel cell system jointly developed with General Motors in a U.S.-built CR-V crossover. The fuel cell CR-V will be built in Ohio and will launch in the U.S. and Japan by the end of next year. Europe sales are still under consideration, Honda said in a statement.
The US Treasury Department announced today it revised its vehicle classification definitions, which means more EV models will become eligible for up to $7,500 tax credits. We previously reported how five-seat Tesla Model Y variants, the Cadillac Lyriq and more expensive trim levels of the Ford Mustang Mach-E did not qualify for the incentives because
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action
A 1966 Shelby 427 Cobra once owned by current Ford CEO Jim Farley is up for sale at online auction website Autohunter. The car, which bears chassis number CSX3195, started out life as a regular road-going 427 Cobra but was later converted to S/C (Semi-Competition) specification. It was originally billed to Johnny Bolton Ford of
A pair of Automotive News Europe Rising Stars have had a successful start to 2023. Onto CEO Rob Jolly’s electric car subscription service has raised 100 million pounds ($121 million) to help it expanding its EV fleet in the UK. The credit funding line comes from global investment group CDPQ and independent asset manager Pollen
10:03 AM ET NEW YORK, U.S. — Red Bull has launched the car which will defend the Formula One title in 2023. While the colour scheme stayed true to previous seasons, Red Bull confirmed at the event at Manhattan’s Classic Car Club that it will run fan-designed liveries at the U.S. races in Miami, Austin
Your BMW i4 Won’t Update If It’s Not On Flat Ground | Carscoops An owner found out the hard way that she couldn’t update her car while it was on an incline by Stephen Rivers 18 hours ago by Stephen Rivers Over-the-air updates for modern cars can make for a much better ownership experience. In
Spartan Radar, an automotive software startup focused on leveraging radar technology for driver-assist systems and self-driving vehicles, closed its $17 million series B funding round on Wednesday. The funding will help the Los Alamitos, Calif., company deliver its flagship Ago software-based program that improves driver-assist systems’ resolution and range to market. It also will use
StoreDot, a startup developing fast-charging electric vehicle batteries, and Circulor, a supply chain tracing company, unveiled a partnership Tuesday aimed at increasing transparency in the EV battery supply chain. The companies will track carbon dioxide emissions from mining the necessary raw materials used in StoreDot battery cells and the cell manufacturing process. That will help
By Eric Ralph Posted on February 2, 2023 SpaceX is preparing for a surge of geostationary communications satellite launches after several slow years. In the late 2010s, orders of large geostationary commsats plummeted. Formerly a mainstay of the commercial launch industry, western geostationary satellite launches became much rarer in 2019 and the early 2020s. That
In this article F GM TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is
Day 2 of our Subaru BRZ Week to Wicked build was all about the wheels, tires, and diffusers. We also gave the Subaru a complete lighting makeover! See the full recap here ➡️ http://www.superstreetonline.com/how-to/project-car/120-hours-week-to-wicked-2013-subaru-brz-day-2 #SuperStreet #WeekToWicked #SubaruBRZ
Renault and Nissan will formally unveil the agreement to reshape their alliance on Feb. 6 in London, the companies. The deal will reshape the two-decade-old alliance to put the two carmakers on an equal footing. Renault will reduce its controlling stake in Nissan to 15 percent from 43 percent, while Nissan will take a share
DETROIT — General Motors and Netflix have created a co-branded Super Bowl ad promoting the companies’ collaboration to feature more electric vehicles on screen. The automaker said a 60-second spot called “EVs on Screen” will air in the second quarter of the Feb. 12 game. It stars actor and comedian Will Ferrell, who will be
Serial Tesla Road Rager Charged After Police Find Steroids And $30k In His Car | Carscoops Police found the suspect with $30,000 in cash and steroids after a months-long investigation by Stephen Rivers 4 hours ago by Stephen Rivers Nathaniel Walter Radimak pleaded not guilty to numerous criminal charges on Wednesday. He’s the man police
Asbury Automotive Group Inc. spent $2.7 million during the fourth quarter on “a significant acquisition that did not materialize,” the company said Thursday. Asbury’s sale of nine North Carolina stores in the fourth quarter was also partly agreed to in anticipation of the unconsummated purchase, CEO David Hult told analysts and investors on a call. Asbury did not
Automotive tech supplier Aptiv reported double-digit revenue growth and a surge in net income for the fourth quarter as the company continued to mitigate supply chain uncertainty. “Proactive initiatives and risk mitigation actions related to our supply chain have contributed to our ability to keep customers connected through significant disruptions,” CEO Kevin Clark said in