WASHINGTON — The U.S. Senate on Wednesday passed a bill that, in part, will provide billions of dollars to boost domestic semiconductor production — an action long-awaited by the auto industry as it continues to navigate a global shortage of microchips. The bipartisan bill — known as the CHIPS and Science Act or “CHIPS-plus” —
In this article F Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland Ford Motor Company said that its adjusted operating income more than tripled from a year ago, to $3.7 billion, as it was able to deliver more
With the new Sport Classic, Porsche has introduced a particularly intriguing variant to its 911 line-up. Powering the 911 Sport Classic is the same 3.7-liter twin-turbocharged flat-six as the 911 Turbo and Turbo S models. However, grunt from this engine has been detuned to 542 hp and 442 lb-ft (600 Nm) of torque, which is
Siemens and Philadelphia-based ConnectDER have partnered to debut a groundbreaking simple home EV charger connector. Previously, homeowners who wanted to install EV chargers might have had to spend thousands of dollars to modify their home’s electrical panel. This new proprietary plug-in adapter will eliminate that cost and allow installation and connection in minutes. Siemens’ game-changing
SEOUL — Tesla supplier LG Energy Solution said it is looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID-19 lockdowns and rising costs were weighing on profits. The South Korean company, which supplies electric vehicle batteries to automakers including General Motors, Ford
Jul 24, 2022 Associated Press NEWTON, Iowa — Josef Newgarden collapsed in the motorhome lot following his late crash Sunday at Iowa Speedway and was taken to a Des Moines hospital by helicopter for evaluation. IndyCar medical director Dr. Geoffrey Billows said Newgarden was transported by helicopter to Mercy One Des Moines Medical Center because
The Ford Escape is set to come in for a major facelift, as evidenced by a camouflaged prototype recently spotted in the wild. The current Escape, known as a Kuga in some markets, was introduced for the 2020 model year with a rather lukewarm design that was made even more forgettable with the launch of
Compact car maker Mini revealed an electric crossover concept on Tuesday as the automaker plots a transformation into an all-electric brand by 2030. The Mini Concept Aceman hints at a future compact crossover that would slot below the line’s bestselling Countryman. A source said that the new model, jointly developed by Mini with Great Wall
In this article GM GM GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM General Motors reported second-quarter earnings Tuesday that missed Wall Street’s estimates
Concept cars are quite often nothing more than fancy display models that can’t even move an inch under their own steam. The Mercedes-Benz Vision EQXX is very different. Mercedes-Benz unveiled the innovative EV at CES back in January. It won’t directly spawn a production variant but many of its technologies are anticipated to be used
Aceman is the name of the first ever electric Mini crossover, previewed here by this close-to-production concept whose design also gives a glimpse into the manufacturer’s future all-electric lineup. It retains all the familiar Mini design traits, but it also doesn’t look like any previous model especially in terms of its proportions, as well as
BMW Group has promoted the former head of Mini Germany, Ulrike von Mirbach, to help lead the brand toward electrification as head of its Europe region. BMW has said that Mini will become an all-electric brand from the beginning of the 2030s. “I am convinced that Ulrike von Mirbach will successfully lead the Mini brand
Jul 25, 2022 Associated Press DES MOINES, Iowa — Two-time IndyCar champion Josef Newgarden was released from a Des Moines hospital on Monday and returned to his Tennessee home, where he will wait for an evaluation to determine if he can race this weekend at Indianapolis Motor Speedway. Team Penske named Santino Ferrucci as its
What kind of vehicle is the 2023 Hyundai Sonata? What does it compare to? The 2023 Hyundai Sonata is a mid-size sedan that compares well with the Honda Accord, Toyota Camry, and Kia K5. [embedded content] Is the 2023 Hyundai Sonata a good car? Review continues below It’s a very nice one. All told, its
A woman from Greece is likely the receiver of the most expensive parking ticket in the world, with the municipality of the island of Rhodes asking her to pay a breathtaking €6,648,444 ($6,740,657) for a parking-related offense. The incident was reported a few days ago by the local newspaper Rodiaki from Rhodes. The notice for
Fred and Dave find a trusty old Toyota in Louisiana and transform it into a Baja-influenced racing-style Ford. But they don’t stop there, and later they turn the Ranchota into a car-crushing monster truck! #dirteveryday #motortrend #monstertruck MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive research and news. Get a
The automotive semiconductor market will equal $250 billion by 2040, based on rapid development of electric and luxury vehicles. That’s the conclusion of a report from consultant KPMG titled “Automotive Semiconductors — Accelerating Into the New ICE Age.” KPMG’s study follows a 2019 analysis that estimated the industry would reach $200 billion by 2040. It
Sono Motors has debuted the production design of its Sion, a battery-electric crossover that uses solar cells to generate electricity and extend range. The Munich-based startup, which trades on the Nasdaq under SEV, pitches the Sion as “the world’s first affordable solar electric vehicle.” At a Munich event Monday, Sono also unveiled a solar kit