Carvana Co. may be back on a growth trajectory, but what investors really want to see is how well it’s controlling its costs. With consumer confidence falling and the Federal Reserve raising interest rates to fight the surge in inflation, Carvana and other online used-vehicle retailers may see little growth in demand in the coming
Amid a rise in traffic deaths in recent years, the National Safety Council is acknowledging that its longstanding approach to vehicle safety is failing. After decades of maintaining the same outlook, the influential nonprofit that works with government and industry to create rules to reduce vehicle deaths is adopting a new strategy: It will prioritize
In this article TSLA PCRFF An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Panasonic is planning to build a new battery factory in Kansas to produce high-capacity cells for Tesla, according to a report out Wednesday from Nikkei Asia. Kansas Governor Laura Kelly, a Democrat, has scheduled a press
Elon Musk says that Tesla is getting closer to integrating Valve’s Steam to take its in-car gaming platform to a whole new level. We know that Tesla has been investing heavily into integrating video games into its in-car entertainment system, but it still surprised many when Tesla said earlier this year that it planned to
PRAGUE — The use of hydrogen is a viable alternative to battery-powered vehicles in the race to reduce vehicle emissions, but industry observers acknowledge that much more needs to be done in building infrastructure, educating consumers and governments, and maturing the technology. At Automotive News Europe’s congress in Prague on Thursday, Guido Dumarey, CEO of
4:20 PM ET Associated Press Colton Herta posted a fast lap of 59.2698 seconds in Saturday’s qualifying at Toronto, becoming IndyCar’s first two-time pole winner this season. The Californian will start from the No. 1 spot for the ninth time in his career and first since competing in Long Beach, California, in April. A different
David Vigsted is the first-ever baby to be born in an electric Ford vehicle. The automaker recently shared the story of the unusual incident that happened in Denmark. David was born to mother Christine and father Jens, who were on their way to the hospital after her contractions began. Everything was going according to plan
It’s the fastest way around the track and it also happens to be the name of the show. That’s right, you guessed it! On this episode of The Racing Line presented by Tire Rack, pro driver Randy Pobst teaches you all about the racing line. The Racing Line presented by Tire Rack is the new
I’d like every automotive exec reading this to do this exercise right now: Place your smartphone in your right hand, and then pick up the last automobile you drove and hold it at the same height in your left hand. What? You can’t? They’re not equal, you say? Pfft. Then tell me, please, why executives
A person claiming to be a current Cruise employee raised concerns with California regulators about the self-driving tech company’s safety culture and readiness to begin commercial operations in San Francisco. The letter arrived at the California Public Utilities Commission’s inbox for whistleblowers May 19, two weeks before the regulators cleared Cruise’s robotaxis for those commercial
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – If investors are looking for signs of a recession or weakening consumer spending, they can skip over new vehicle prices, which hit a new record in June. Fueled by
Fisker has hired longtime BMW executive Alpay Uguz to lead its global manufacturing efforts as the startup plans to begin production of its first electric vehicle later this year. Uguz joins Fisker as senior vice president of global manufacturing after spending nearly a decade helping run BMW Group’s joint venture with China’s Brilliance Group. Most
SHANGHAI/BEIJING — Volkswagen will stick to its goal of doubling sales of its ID electric vehicles this year despite COVID-19 disruptions, with its China chief, Stephan Wollenstein, calling the target “promising.” The ID series, which VW produces at its Chinese joint ventures with SAIC Motor and FAW Group, is driving the automaker’s electric vehicle ambitions
12:28 AM ET Associated Press MORRISON, Colo. — Tony Stewart Racing teammates Leah Pruett and Matt Hagan topped the opening day of qualifying Friday in the NHRA Mile-High Nationals at Bandimere Speedway. Pruett had a 3.788-second run at 326.79 mph in her Top Fuel dragster. Hagan ran a 3.927 at 319.07 in Funny Car in
The first-generation Acura NSX is a true great of the sports car market and one fortunate CarMax employees recently picked up the keys to one for just $30,000. A look through the classifieds shows that most first-gen Acura NSX models are selling for between $60,000 and $100,000 at the moment, depending on the condition and
The 2023 Chevrolet Corvette Z06 will cost $106,395 including destination, and order books open July 28, General Motors confirmed Friday in a press release. The base price applies to the 1LZ coupe; pricing for the 1LZ convertible starts at $113,895. The mid-level 2LZ starts at $115,595 for the coupe and $122,595 for the convertible, while
Jeff Shutt and Alex Casebeer know that the fundamental strategy followed right now by their dealerships might seem a bit out of place for the times, given short inventories, outsized consumer demand for new vehicles and the financial rewards reaped from meeting that demand. Yet what Capitol Subaru of Salem and Capitol Auto Group in
More than half a century after Neil Armstrong landed on the moon, the next vehicle to explore the lunar landscape could be powered by the same Ultium batteries underpinning General Motors’ coming lineup of electric vehicles and share off-roading characteristics with the GMC Hummer EV. GM and Lockheed Martin’s lunar terrain vehicle, if selected, would