Shift Technologies said it cut positions last month equating to about 10 percent of its corporate team and is pausing its expansion into the Las Vegas market as the online used-vehicle retailer focuses on trimming costs and operating more efficiently. San Francisco-based Shift said Tuesday in a shareholder letter disclosing its first-quarter financial results that
In this article TSLA Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images
VW’s advisory board is expected to approve a proposal tomorrow to spin off a new EV company centered around off-road vehicles, as first reported by WSJ. The company will resurrect the classic nameplate from the International Harvester Scout, a Jeep-like off-road vehicle from the 60s and 70s, and fill a similar niche as the Rivian
Land Rover redesigned the Range Rover for the 2022 model year, and now the luxury SUV’s smaller, more athletic Range Rover Sport sibling has arrived. The third-generation Range Rover Sport is currently available to order and is due to start deliveries as a 2023 model. It’s priced from $84,350, including destination, and brings with it
Off-roading continues to grow in popularity around the country and GMC is responding with an all-new trim for its full-size truck. While the new Sierra Denali Ultimate is heavily geared toward luxury, the new Sierra AT4X that’s an even fancier version of the existing AT4 trim is meant to be the most premium off-road-focused truck
The latest Range Rover Sport gets a new platform, boosting its driving dynamics, along with a higher sticker price and a full-electric version arriving in 2024. Land Rover released details of the new generation of one of its most important models on Tuesday. The new Range Rover Sport “sets new standards as the ultimate sporting
2:08 PM ET Associated Press INDIANAPOLIS — Sarah Fisher is getting a promotion for this month’s Indianapolis 500. Race organizers announced Tuesday they selected the IndyCar veteran and local fan favorite to be the celebrity pace car driver for the May 29 race. Fisher has been the regular pace-car driver for series events at Indianapolis
What kind of car is the 2023 Land Rover Range Rover Sport? What does it compare to? The Land Rover Range Rover Sport is a luxury SUV that is the slightly smaller (but still rather expensive) sibling to the full-fledged Range Rover. It competes against other mid-size luxury SUVs including the BMW X5, Mercedes-Benz GLE
The world might be waiting for the debut of Bugatti’s next ICE-powered hypercar but the current Buggati owners are interested in maintaining their precious Veyrons and Chirons using OEM parts. A perfect example is this genuine carbon roof assembly for the Chiron, that is offered by sgr_automotive for the cool price of $55,000 (€52,000) This means
Carvana Co. plans to lay off 2,500 employees, or about 12 percent of its work force, according to a document it filed Tuesday with the U.S. Securities and Exchange Commission. Those employees are primarily in Carvana’s operations groups, the company said. In connection to those cuts, the online used-vehicle retailer will “transition operations away” from
In this article TSLA Signage outside the new Tesla South Austin showroom within the Yard development in Austin, Texas, U.S., on Saturday, Oct. 16, 2021. Mark Felix | Bloomberg | Getty Images Tesla will cover travel and lodging costs for employees to receive health-care services not offered in the states they reside. The policy, which
We wonder what prompted the reborn DeLorean company to choose to reveal its new electric sports car sooner than initially planned. Usually in the industry, things are the other way around and vehicles get postponed, they hardly ever are shown sooner than previously announced. DeLorean wanted to first show the vehicle it calls EVolved on
Jaguar tasked the engineers within the Special Vehicle Operations division to take their compact sports sedan, the XE, and put their biggest supercharged V8 in it. Sure enough, the fastest production sedan in the world was born. Since the Project 8’s record-setting performance at the Nürburgring, engineers have made improvements to vehicle dynamics and handling.
PARIS — Renault said it was targeting a double-digit margin for its new Mobilize brand and that the business would aim to represent 20 percent of overall group turnover by 2030, as it unveiled new plans to boost growth at the division. The automaker is counting on this new business to help turn around its finances.
6:50 PM ET William E. Ricks When you think of Miami, sunny beaches, neon lights and thrilling nightlife experiences might come to mind, and rightfully so. This past week, however, South Beach was the epicenter of action-packed sporting events. The Miami Heat‘s journey toward a Larry O’Brien Trophy continued in the Eastern Conference semifinals against
Late last month, we reported on a fire in Bridgewater, Massachusetts that engulfed a Lucid Air that was being transported on a trailer. We have now been allowed to read the full incident report from the fire department, which confirms that the electric vehicle being transported was not the cause of the fire. According to
Getty Images Second-hand car sales have risen this year, boosted by a sharp increase in the number of used electric vehicles on the market. Sales of used cars in the UK rose 5.1% between January and March, compared to the same three months last year. But the market for electric cars, which only makes up
Online used-vehicle retailer Vroom Inc. said Monday that its COO, Tom Shortt, will join its board of directors and succeed Paul Hennessy as the company’s CEO. The change is effective immediately, as Hennessy has “stepped down to pursue other opportunities,” Vroom said. The company also released its first-quarter earnings on Monday, reporting ecommerce revenue of