Renault CEO Luca de Meo said the business world was bracing for a possible recession, adding that the automaker is strong enough to be able to weather that “storm.” “The world is now very much afraid of a possible recession in the next few months and it is going to be our next challenge,” he
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11:09 AM ET The FIA will not release the findings of its audit into Formula One’s 2021 budget cap spending until Monday. Last year’s cap has become the biggest talking point in the sport, with rumours Red Bull and Aston Martin overspent the $140 million limit last year gaining traction in the build-up to the
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Micromobility America returned to the San Francisco Bay Area earlier this month to showcase the latest micromobility products, highlight new releases, offer test rides, hear from insightful company leaders and politicians, and basically nerd out about electric mobility. From new e-bikes and e-scooters to innovative electric roller skates and even electric micro-cars, there was a
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Demand for electric vehicles helped drive a 4.6 percent rise in Britain’s new-car registrations in September, according to industry data from the Society of Motor Manufacturers and Traders (SMMT). The SMMT said registrations during the month rose to 225,269 units from 215,312 units a year earlier, but still remained 34 percent below pre-pandemic levels. The
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1:48 PM ET Associated Press Ex-Formula 1 boss Bernie Ecclestone faces trial in October next year accused of failing to declare more than £400 million in a trust in Singapore to the U.K. Government. Ecclestone, 91, appeared at Southwark Crown Court on Tuesday charged with a single count of fraud by false representation between July
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Car haulers are pushing the Biden administration and lawmakers to increase truck weight limits on U.S. highways so they can transport more heavy electric vehicles, a move fiercely opposed by the rail industry and safety advocates who say the heavier loads are significantly more dangerous. Even before a recent spike in EV sales, U.S. roads
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