U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in America, during a visit to the Detroit Auto Show, September 14, 2022. Kevin Lamarque | Reuters The Biden administration on Wednesday said it will award $2.8 billion in grants for projects to expand U.S. manufacturing of batteries for electric vehicles and domestic mineral production.
BMW on Wednesday announced a major investment in its U.S. plant to prepare it for production of electric vehicles. The automaker said it will spend $1 billion on its plant in Spartanburg, South Carolina, to prepare the site for EVs, plus a further $700 million to build a new battery plant in nearby Woodruff, South
BERLIN — Volkswagen Group is looking for an investor to take over its factory in Kaluga, southwest of Moscow, where production was halted soon after the Ukraine war began. VW said it is looking at various scenarios for the future of its business in Russia and one option was to sell the assets to a
11:22 AM ET You don’t hook a guy in the right rear at speed. I don’t care if you’re Bubba Wallace, Dale Earnhardt or Junior Johnson. You. Just. Don’t. Do it. NASCAR has suspended Wallace for one race for doing just that to Kyle Larson at Las Vegas Motor Speedway, and rightfully so. It is
Cars damaged and destroyed by Hurricane Ian have started to appear at auctions in Florida and this 2021 Audi R8 was one of the storm’s unfortunate victims. Currently up for grabs through Copart where a highest bid of $50,500 had been placed at the time of writing, this R8 is in a very sad state.
Tesla CEO Elon Musk said the electric automaker is not facing demand problems despite economic headwinds, and the company expects to sell every vehicle it can produce in the current quarter from its factories in California, Texas, Germany and China. “There’s been a lot of questions about demand in recent weeks,” Musk said on the
Waymo, Alphabet Inc.’s driverless-vehicle unit, plans to expand its robo-taxi service to Los Angeles, the third region where it will be offered. The company will follow the same playbook for the service, called Waymo One, that it has elsewhere, according to an announcement Wednesday. Local employees will try the program first, followed by so-called “trusted
By Joey Klender Posted on October 19, 2022 Tesla plans to start building battery packs for the upcoming Cybertruck on a new cell manufacturing line in the Fremont factory, people with knowledge of the project told Teslarati. In August, we reported that Tesla had filed to build a new battery manufacturing equipment line on the
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Tesla reported third-quarter earnings after the bell. Shares fell by about 4% after hours following the results. Here are the results. Earnings: $1.05 vs 99 cents per
Does fuel really matter for your engine? Watch as the Engine Masters team takes a scientific look at just how much power and performance are produced by different types of gasoline. #EngineMasters #Gas #MotorTrend MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive research and news. Get a fast, simple, and
BERLIN — Tesla topped registrations of full-electric vehicles in Germany in the first nine months of this year at nearly 38,458, data from the federal motor transport authority showed. Tesla beat VW brand by about 6,000 vehicles. Tesla’s EV registrations jumped nearly 50 percent from the January-September period last year, while VW’s dropped 40 percent
Passport Automotive Group agreed to pay $3.38 million to settle a Federal Trade Commission lawsuit filed against the dealership group for charging illegal fees and discriminating against Black and Latino customers. The Maryland group, along with its president Everett Hellmuth and vice president Jay Klein, together will pay this fine to refund the customers affected
In this article 2317-TW TSLA Follow your favorite stocksCREATE FREE ACCOUNT Young Liu, chairman of Foxconn Technology Group, speaks in front of a Model C electric vehicle during an event in Taipei, Taiwan, on Tuesday, Oct. 18, 2022. Liu said he hopes one day that Foxconn can make cars for Tesla. I-Hwa Cheng | Bloomberg
In its pursuit to build a 911 for every niche, Porsche on Tuesday unveiled a version that’s gone on a diet. That car is the 2023 Porsche Carrera 911 T, which will cost $118,050 (including destination) when it arrives at U.S. dealers next spring. Porsche enthusiasts will note the 911 T returned in 2018 after
With soaring inflation, record high transaction prices, and a summer of $5 per gallon gasoline, affordable and fuel efficient sedans have never looked better. Unfortunately, it’s slim pickings as the carpocalypse continues to claim victims with some of the latest being the Chevrolet Spark, Hyundai Accent, Honda Insight, and Nissan Maxima. However, Toyota is committed
Intel’s Mobileye said on Tuesday it was targeting a valuation of nearly $16 billion in its initial public offering, less than a third of what it had previously expected, as volatility in stock markets and rising interest rates dampen the appetite for new listings. The self-driving unit of Intel said in a regulatory filing it
Approximately 73 vehicles were destroyed by a fire at a farm in Temple, Texas over the weekend. The blaze started in a parking area at the Robinson Family Farm at approximately 1:00 p.m. on Saturday afternoon. The farm’s annual Fall Festival was being held at the time and attracted hundreds of people, many of which
A plane crashed into a Buick–GMC dealership in southeast Ohio early Tuesday, police said. The 1974 Beechcraft King Air E90 crashed into Pioneer Buick-GMC’s parking lot in Marietta, Ohio, around 7:15 a.m. local time, a press release from the Ohio State Highway Patrol said. The pilot and a second occupant were killed in the crash.