John Kuolt is certain of what he’s not doing as founder and CEO of the year-old UP.Labs. He’s not building a startup incubator, nor a studio, and definitely not an accelerator program. What exactly is he doing? “We’ve been trying to figure out how to best describe it,” he said, mulling his choice of words
Fg Trade | Istock | Getty Images For consumers in search of an affordable new car, there’s little relief on the horizon. The monthly costs to finance a vehicle purchase have hit record highs. Consumers face monthly payments averaging $656 for a new car, financed at 5.1% over 70.5 months (nearly six years), according to
By Maria Merano Posted on June 16, 2022 Elon Musk shared his goal to reach 1 billion Twitter users during an all hands virtual meeting with workers on Thursday, June 16. According to Yahoo Finance tech editor Dan Howley, Twitter currently has 229 million daily active users, which the social media platform calls daily monetizable active users.
The Morgan 3 Wheeler was one of the biggest performance car surprises of the last decade. Resurrecting the concept of the trikes that made it famous before WWII with a modern V-twin motorcycle engine, Morgan figured it would sell a few hundred units, but ended up shifting more than 2,500 between 2011 and 2021 when
Back on Episode 87 of Roadkill, David Freiburger and Mike Finnegan bought a completely wrecked ’68 Road Runner and brought it back to life, creating the world’s only C-Body Road Runner. Now on this episode of Roadkill Garage, Freiburger and Steve Dulcich are finally seeing through with the original plan of using the C-Body as
Volkswagen Group and its Porsche unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the U.S., court documents show. The settlement, filed in U.S. District Court in San Francisco, must be approved by a federal judge and
6:14 AM ET Lewis Hamilton was clearly in pain as he parked his Mercedes F1 car after the Azerbaijan Grand Prix and gingerly lifted himself out. For the past 95 minutes, his body had taken a beating within the cockpit, with his back subjected to the full brunt of the car smashing into the track
Cooper-Standard Holdings Inc. said it hired Goldman Sachs & Co. to help it analyze “potential alternatives for refinancing its capital structure,” prompting a negative reaction from investors. The automotive sealing and fluid delivery parts supplier saw its stock value plunge 20 percent to just over $4 per share as of Wednesday afternoon. That’s less than
Advanced technologies such as intersection-assistance may be relevant to 650,000 crashes per year and could prevent hundreds of thousands of accidents, new data from the Insurance Institute for Highway Safety shows. “Left turn assist and other, upcoming intersection-assistance technologies could deliver big safety benefits for drivers in their 70s and 80s,” said Aimee Cox, IIHS
In this article F The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesday that the company isn’t yet seeing consumer demand for new vehicles drop off – but rising commodity costs have wiped out the
GM announces today that the Cadillac Celestiq, the brand’s electric car after the Lyriq, is going to be a hand-built and 3D-printed ultra-luxury low-volume production vehicle. GM has just started production of the Cadilac Lyriq, the brand’s first all-electric vehicle and GM’s second electric vehicle based on its new Ulitum electric platform. The automaker is
Governments are pushing for the elimination of cars with internal-combustion engines, and at some point we may see even classic cars taken off the road. There is a way to save them, though it requires stripping out the powertrain and installing a battery-electric setup. A number of companies have started offering this service, and even
PARIS — The software-defined, connected car will fundamentally alter the relationship between automakers and their customers, Renault CEO Luca de Meo said, with opportunities to make the car better at the end of its life cycle than at the beginning. “I believe it will really change the experience of owning a vehicle,” de Meo said
11:57 AM ET Romain Grosjean’s combative nature has earned him few fans within the IndyCar paddock. Chris Graythen/Getty Images We have brought you here today, during this week when NASCAR and IndyCar are off and only Formula One is on the racing calendar (Canadian GP, Sunday, 2 p.m. ET; stream live on ABC) to discuss what
What kind of car is the 2023 Toyota Highlander? What does it compare to? The 2023 Highlander handles minivan duty in SUV form, and the available hybrid is one of the most efficient 8-person vehicles without a plug. Large but not really lovely, the flexible family hauler competes against a congress of three-row models, ranging
Cast your mind a couple of weeks and you might recall seeing the Jeep Wrangler flipping onto its side during an offset-impact crash test conducted by the IIHS. And that potentially dangerous result came after Stellantis had made changes to the Wrangler’s front chassis structure following its embarrassing fallabout performance in the agency’s 2020 test.
DETROIT— General Motors plans to invest more than $81 million to build the Celestiq, Cadillac’s flagship electric vehicle, at the automaker’s Global Technical Center. The Celestiq, expected to launch next year, will be the first vehicle built at the Warren, Mich., tech center, which has been GM’s engineering and design hub since the 1950s. The
WASHINGTON – General Motors, Ford Motor Co., Chrysler-parent Stellantis and Toyota Motor North America on Monday urged Congress to lift a cap on the $7,500 electric vehicle tax credit, citing higher costs to produce zero-emission vehicles, according to a letter seen by Reuters. The CEOs — GM’s Mary Barra, Ford’s Jim Farley, Stellantis’ Carlos Tavares