BERLIN — Stellantis has signed a non-binding memorandum of understanding with German chipmaker Infineon for a multi-year supply of silicon carbide semiconductors. Infineon will reserve production capacity and will supply the power semiconductors directly to Stellantis suppliers in the second half of the decade. Well over 1 billion euros’ ($1.03 billion) worth of chips could
Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Tesla shares dropped more than 7% on Wednesday to close at $177.59, their lowest since November 2020, after CEO Elon Musk disclosed the sale of close to $4 billion worth of stock in the electric car
Mercedes-Benz AMG’s George Russell secured his maiden win on Sunday at an action-packed 2022 Formula 1 Brazilian Grand Prix, held at São Paulo’s Autódromo José Carlos Pace. Lewis Hamilton finished second to make it a Mercedes one-two finish, while Ferrari’s Carlos Sainz rounded out the top three. Russell started the race on pole after a
Electric motorcycles will be used in all-electric motorcades to escort delegates from the international community attending the annual G20 Summit. The G20 is a global forum that includes 19 countries and the European Union, together representing the world’s 20 largest economies. The main goals of the G20 Summit are to address issues with the global
PARIS – Renault will give operative independence to its highly profitable commercial van unit and is planning a new electric modular vehicle in cooperation with another, unnamed company. CEO Luca de Meo said Tuesday in an update of his Renaulution strategic plan that a standalone unit will be able to unlock more value from a
3:39 PM ET Newly crowned champion Max Verstappen refused a Red Bull team order at the Brazilian Grand Prix to help teammate Sergio Perez in his fight for second in the title race. Perez dropped down the order after a late safety car restart, with nearest championship rival Charles Leclerc one of the cars to
Ford Mustang drivers never cease to amaze us and the driver of this particular example, finished in a bright shade of green, had a very rough day behind the wheel of the muscle car. A clip of the Mustang was recently shared to the IdiotsInCars channel on Reddit and shows the driver stopped in the
Even Legoland is joining the electric vehicle revolution. Legoland Florida Resort used Lego bricks to create a life-size replica of the Ford F-150 Lightning as part of its ongoing partnership with area dealers. The Lego Lightning took more than 1,600 hours to build and is made of about 320,740 pieces. It’s the same size as
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive on Wednesday reaffirmed its 25,000-vehicle production target for 2022, but said it
BMW iX1 production has officially started in Regensburg, Germany ahead of first deliveries in the coming weeks. The fully electric crossover was revealed back in May and will be sold in Europe and China. For now, only one variant is available – the xDrive 30. Powered by a 66.5 kWh battery pack, the iX1 is capable of
PARIS — Renault is targeting even bigger margins for Dacia, its “value for money” Romanian brand that has been a profit engine for the group. Dacia margins are now 10 percent, CEO Luca de Meo said Tuesday in his “Revolution” strategic plan update, and the brand will reach 15 percent by 2030. That level is
It was probably just a matter of time until someone put a motor in an office chair. That someone turned out to be Volkswagen, which built a five-wheeled vehicle for cubicle dwellers. The VW electric chair — er, that may not be the best name for it — has a top speed of 12 mph
A modern F1 pit stop can take as little as two seconds. Even allowing for the fact that modern grand prix cars don’t have to refuel, that’s insane, and would have seemed like witchcraft to a 1950s single-seat hot shoe, who might have sat around waiting for over a minute for his team to swap
The Federal Trade Commission followed its June proposal to regulate dealership advertising and add-on products with an Oct. 20 plan to curtail bait-and-switch pricing and charges for valueless items across multiple industries. “The FTC’s at it again,” said Randy Henrick, a compliance attorney for Ignite Consulting Partners. The FTC auto retail plan unveiled in June
Ned Curic joined Stellantis in 2021 as chief technology officer from Amazon, where he led Alexa Automotive. The former Toyota and Microsoft executive is charged with executing Stellantis’ plan to generate $20 billion in software-related revenue by 2030, from services and subscriptions, features on demand, and data and fleet services. Curic spoke with Automotive News
In this article F GM Follow your favorite stocksCREATE FREE ACCOUNT Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor — bitter rivals for more than
It’s well known that Jay Kay, frontman of the British jazz-funk band Jamiroquai, is a lover of cars. One of the many cars he’s owned, a 1968 Mercedes-Benz 600, is now up for auction on Bring a Trailer. The grandfather of today’s S-Class, the 600 was Mercedes’ range-topping luxury car in its day. It acquired
By Johnna Crider Posted on November 12, 2022 Elon Musk addressed some rumors that were floating around Twitter on Saturday, adding that Twitter’s remote work policy is the same as Tesla and SpaceX. He responded to @Balinares on Twitter, who claimed that Elon Musk “ordered his Ireland workforce back to Dublin by Monday, or else.” @Balinares