Police arrested four individuals in Glendale, AZ after an eventful police chase. The driver of an allegedly stolen white Volkswagen Tiguan ran over stop sticks and curbs, into fields, and even took out a sign before the end of the pursuit. Watching it all unfold is eerily reminiscent of the sort of thing you’d only
Carvana Co. said Thursday it recorded a net loss of $508 million in the quarter ending Sept. 30, noting it continues to grapple with inflationary pressures and rising interest rates that are causing consumer demand for used vehicles to wane. The loss is larger than both Carvana’s $506 million first-quarter loss and the $68 million loss
News last week that autonomous vehicle company Argo AI is shutting down set off some hand-wringing about the viability of AVs and the future of self-driving. One publication likened it to the collapse of Bear Stearns in 2008. Yeah, the one that triggered the global financial crisis. Overreactions like that border on the farcical and
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images When Tesla and SpaceX CEO
By Joey Klender Posted on November 2, 2022 Tesla battery cell supplier Panasonic broke ground on a new lithium-ion battery manufacturing facility in De Soto, Kansas, contributing approximately 30 GWh of annual capacity in North America. The facility is set to focus on rapidly ramping up the manufacture of 2170 cylindrical cells to match surging
Maserati could be a stand-alone brand in the future if it can become sustainably profitable, Stellantis Chief Financial Officer Richard Palmer said, adding that no decision has been made. In recent years, a number of Maserati’s high-end competitors have been spun off from their parent companies as separate listings, including Ferrari (from Fiat) at the
Just off the beach in Santa Barbara, California, authorities found a white Tesla Model 3 halfway under the water. The Carpinteria-Summerland Fire Department discovered the car around 8 a.m. local time on Monday morning. The incident is still under investigation as authorities try to determine just how the all-electric vehicle ended up swimming with the
On a stage below the twin spires of Churchill Downs racetrack, Ford Motor Co. CEO Jim Farley choked up while addressing hundreds of local factory workers for the reveal of the automaker’s redesigned heavy-duty pickup line. “Kentucky matters,” he said Sept. 27. “All of you matter. And the Super Duty matters.” The next 12 months
The image arrived in Susan Swenson‘s inbox on a Wednesday evening. Her corporate headshot had been crudely crossed out in digital red ink, and the word “Kill” was written in the bottom left corner. In the hours that followed, some of her colleagues received similar threats, including messages that referenced the recent assassination of former
Tim Boyle | Bloomberg | Getty Images Although prices for new cars are moderating a bit, financing a vehicle purchase hasn’t been getting any cheaper. With the Federal Reserve’s latest interest rate hike — the sixth this year — auto loans are poised to become even more expensive. The Fed’s move has a ripple effect,
Stellantis is in the process of transitioning most of its brands to fully electric lineups based on four EV platforms, and that includes performance brands like Abarth which is out testing its first EV. Our latest spy shots show a prototype for a new Fiat 500 Abarth EV that’s expected to go on sale in
MILAN — Ferrari is lifting its profit forecast for full-year results, including for core earnings, after beating expectations in the third quarter supported by a double-digit increase in shipments. The company however struck a more cautious tone on the margin on those core earnings, now seen at around 35 percent for this year, versus a
Nov 1, 2022 Max Verstappen is enjoying the most dominant of Formula One seasons, but Red Bull team boss Christian Horner reckons the double world champion still deserves more recognition. The 25-year-old took a record 14th win of the season in Mexico City on Sunday and has now scored more points in a single campaign
Exposure. A simple word that is often dangled in front of inexperienced hopefuls by exploitative clients. It’s a word that has virtually become a meme in itself and not really one you’d expect to be used by one of the most successful EV startups of the century. But according to one game developer, that’s exactly
General Motors has named a new head of its OnStar in-vehicle safety, security and connectivity business, replacing Jeff Massimilla after a little more than a year. Mike Devereux, a top GM sales and marketing executive in China, took over as vice president, OnStar safety and security, as of Nov. 1, a GM spokeswoman told Automotive
In-car entertainment company Holoride launched the production version of its virtual reality entertainment platform as it looks to establish its lane in the growing in-vehicle entertainment market. The Holoride offering — which uses real-time motion data from the vehicle combined with unique content to create immersive VR entertainment experiences for passengers — will be available
Rad Power Bikes is the largest electric bicycle company in North America, meaning that when they make moves, the industry responds. And the latest move we could soon see from the Seattle, Washington-based e-bike manufacturer may be the introduction of a new low-cost electric bike to replace the RadMission. Here’s why. Current state of affairs
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters Twitter employees are expecting a 50% overall reduction in force after Tesla and SpaceX CEO Elon Musk took the reins of the social network last