BERLIN — Europe’s automakers should wean themselves off fossil fuels from 2040, Audi CEO, Markus Duessmann, said, calling for quicker expansion of renewable energy capacity in Bavaria, where Audi is based, and elsewhere. Discussions around a possible embargo on Russian gas in light of Moscow’s invasion of Ukraine have raised pressure on companies and governments
10:15 PM ET Associated Press BAYTOWN, Texas — Brittany Force had the fastest pass in Houston Raceway Park history Friday to take the lead in Top Fuel qualifying at the final NHRA SpringNationals. Force broke her own speed record at the track with a 3.695-second run at 333.58 mph. The track that hosted its first
The Texas attorney general’s office is suing Vroom, an online used-vehicle retailer, for allegedly misrepresenting and failing to tell customers about holdups in transferring vehicle titles and obtaining registrations. The deceptive trade practices lawsuit, filed this week by Texas Attorney General Ken Paxton, claims Vroom “burdened thousands of customers” by not making them aware of
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive.
The 2023 BMW 7-Series broke cover, we learned key details about the upcoming Kia EV9, and Jeep’s boss talked next-gen Trackhawk and performance Jeep Grand Cherokee with us. It’s the Week in Reverse, right here at Motor Authority. The 2023 BMW 7-Series made its virtual debut with turbo-6, twin-turbo V-8, and all-electric powertrain options. The
Right after unveiling a new lower-cost folding e-bike two weeks ago, Phoenix-based Lectric eBikes is back with a new higher-end mid-drive electric bike known as the Lectric XPremium. The new folder is the brand’s first mid-drive e-bike and applies Lectric’s signature low-cost pricing to a much higher end electric bike than we’ve previously seen from
PARIS — Opel/Vauxhall CEO Uwe Hochgeschurtz will add responsibility for bringing Stellantis’ hydrogen fuel cell vehicles to market, starting with Europe, the automotive group said. Stellantis has also named Jean-Michel Billig, a former executive at Renault, aerospace and defense companies, as chief technology officer for hydrogen fuel cell development. Hochgeschurtz was named CEO of Stellantis’
8:05 AM ET Ferrari’s Formula One championship leader Charles Leclerc said he was fully focused on his Italian team’s Imola homecoming this weekend despite being robbed of a watch potentially worth millions. The 24-year-old Monegasque, winner of two of the first three races, had his exclusive Richard Mille timepiece stolen off his wrist in the
Lexus plans a larger three-row crossover above the top-selling RX that will give it a competitor against vehicles including the Mercedes-Benz GLS and BMW X7. The Lexus TX will be based on the coming Toyota Grand Highlander and feature more comfortable third-row seating than does the RX L, the brand’s current three-row crossover, sources confirmed
In this article TSLA Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Electric vehicle maker Tesla is set to deliver a first quarter earnings update after the bell on Wednesday. Here’s what Wall Street
At 2014’s FR Shootout, we saw everything from the FR-S to the 370z to wickedly fast S2000’s all competing for the same thing – the fastest lap time of the day… period. From boosted to normally aspirated cars, key components like braking, suspension, and vehicle set up played a crucial role in getting a fast
As in previous quarterly financial reports, Tesla has shared a graphic that illustrates its market share in three main automotive markets to highlight progress. The results are truly impressive, as according to the industry data, the company is consistently increasing its market share, despite the volatile global situation in terms of supply chains. In Q1
BERLIN — Continental cut its annual earnings forecast and warned of “lasting consequences” for production and supply chains if the war in Ukraine does not ease, with rising energy and raw material costs weighing on margins. The supplier nearly doubled its expected procurement and logistics costs in its tire and ContiTech divisions and cautioned tthat
5:22 PM ET Associated Press INDIANAPOLIS — IndyCar drivers waited out a four-hour rain delay and worked through their concerns over a slippery warm-up lane Thursday. It didn’t take long for the 31 drivers to start turning laps topping 225 mph. Thirty-one of the 32 drivers entered in next month’s Indianapolis 500 participated in the
TOKYO — Honda Motor Co. is planning to cut production by about 50 percent on two lines at one of its Japan factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday. The factory in Suzuka will also slash production by half during April, expanding the scale of the cutback
In this article TSLA Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters On Tesla’s first-quarter earnings call Wednesday, CEO Elon Musk said he thinks that inflation is worse than reported and is likely to last all year in 2022. U.S. inflation rose
A collection of 1992 Formula One champion Nigel Mansell’s cars is headed to auction. They’ll be part of RM Sotheby’s 2022 Monaco sale, scheduled for May 14. The highlights are two of Mansell’s F1 cars, including the Ferrari 640 he drove during the 1989 season. The 640 debuted the semi-automatic gearbox that later became the
By Joey Klender Posted on April 21, 2022 Lucid Group (NASDAQ: LCID) announced today that it would report earnings for the first quarter of 2022 on May 5 at 2:30 PM PT or 5:30 PM ET. Lucid said in its press release that it would issue a press release with a link to its live