Renault will transfer its 68 percent stake in AvtoVAZ to a Russian science institute for a nominal sum, Interfax cited Russian Trade Minister Denis Manturov as saying on Tuesday. Renault will have the right to buy the stake back within the next five to six years, Interfax added, citing Manturov. He also said that Renault’s
6:10 PM ET Associated Press Roger Penske has tweaked qualifying for next month’s Indianapolis 500 to add a shootout that will determine the first four starting rows for “The Greatest Spectacle in Racing.” Penske told The Associated Press the tweaks will create a high-pressure atmosphere on the second day of qualifying. “We’re going to have
Getty Images Car maker Nissan is to stop producing vehicles under the Datsun name, which has a more than century-long history. It was one of the brands that helped Japanese car makers become established globally after the Second World War. Despite selling millions of cars around the world, the Datsun name was phased out in
The U.S. saw a record number of light-vehicle recall campaigns in 2021, but a smaller number of vehicles were affected, according to data from investment bank and advisory firm Stout. Individual recall campaigns reached a record high of 406 in 2021 compared with 317 in 2020, while the total number of vehicles affected dropped to
In this article GM General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the White House in Washington, U.S., January 26, 2022. Kevin Lamarque | Reuters DETROIT – General Motors will begin tying
Cadillac is preparing a mild update for the Escalade, judging by a camouflaged prototype spotted in the wild. The current generation of the full-size, body-on-frame luxury SUV arrived for the 2021 model year and will receive a new Escalade-V performance option for 2023. The Escalade-V’s exterior has been shown and a full reveal is slated
NIO announced that on April 26, the 200,000th electric car rolled off the production line at the JAC-NIO Advanced Manufacturing Centre in Hefei, China. The jubilee vehicle happens to be the recently introduced NIO ET7 flagship, which noted its first deliveries in March (163 units). It’s a significant milestone for NIO, especially since it took
Skoda has resumed production of the Enyaq full-electric SUV after several weeks of interruption due a shortages of wiring harnesses from Ukraine. Initially, around 1,000 vehicles a week will roll off the lines, but capacity will gradually increase, Skoda said in a statement on Tuesday. Depending on parts availability, Enyaq production will be increased to
The North American International Auto Show will return to Detroit with a focus on electric vehicles and emerging technology as well as activations including street course ride-alongs on the Grand Prix’s future downtown circuit. There will also be five active tracks inside Huntington Place, whose main show floor is sold out for the reimagined auto
12:28 PM ET As Lewis Hamilton crossed the line in 13th place at the Emilia Romagna Grand Prix, Mercedes team principal Toto Wolff issued an apology to his driver over the pit-to-car radio. “Lewis, sorry for what you have needed to drive today,” Wolff said. “This is undriveable and not what we deserve to score
Ford boss Jim Farley has a lot riding on this moment. On Tuesday, the Detroit carmaker celebrates the formal start to production of the electric version of the F-150 pickup, the best-selling vehicle in America for decades. It’s a milestone seen as critical for Ford – and for the environment – as the company seeks
Electric-vehicle maker Fisker Inc. hopes Canadian supply giant and contract assembler Magna International Inc. can boost production at its plant in Austria to 150,000 vehicles from 2024 as reservations for the automaker’s first vehicle surge. The EV startup says it has taken more than 40,000 reservations for the Ocean SUV, which starts at $37,499 in the
In this article GM F The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — There’s growing concern among Wall Street analysts that higher costs and supply chain disruptions will put pressure on 2022 earnings for General Motors and Ford Motor — even more
The 13th episode of Engine Masters, presented by AMSOIL, is an unlucky one for a poor little 305ci Chevy small-block. It was the victim of our test of how much nitrous oxide power boost can be tolerated by a completely stock short-block with the original cast crank, rods, and pistons. Yeah, it ends badly, but
By Maria Merano Posted on April 26, 2022 According to Kelley Blue Book’s (KKB) data, Tesla dominated the United States electric vehicle market in the first quarter. Tesla vehicle sales accounted for 75% of all EVs sold between January and March 2022. Tesla’s Model 3 and Model Y vehicles made up 68% of US EV market sales
NEW YORK — Elon Musk clinched a deal to buy Twitter for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. It is a seminal moment for the 16-year-old company that emerged as one
NEW YORK — I showed up at the Auto Forum here, held in the $1.5 billion — with a B — expansion of the Jacob K. Javits Convention Center, and was confronted by a friend: “Are you going to write another death of auto shows column?” I said I would have to see what I
6:27 AM ET IMOLA, Italy — Red Bull boss Christian Horner labelled the team’s one-two finish at the Emilia Romagna Grand Prix one of its best ever performances in Formula One. Red Bull arrived in Imola with a string of reliability issues at recent races which had looked like a serious early threat to its