Volkswagen Group is bracing to pay higher prices for commodities as improving supply of semiconductors allows the automakers to increase production and start delivering cars to waiting customers. Sales have already ticked up “noticeably” in recent weeks as more chips have become available, VW said Thursday. With stockpiles of more cheaply sourced materials dwindling, restocking
Month: July 2022
In this article F Jim Farley, Ford CEO Ford Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors
Jul 29, 2022 Associated Press INDIANAPOLIS — Josef Newgarden kept the focus simple all week. He ignored the cellphone, avoided social media and spent 48 hours resting, hopeful it would help him recover from the head injury he suffered last weekend and stay in the IndyCar championship hunt. Now all he needs is another strong
What kind of vehicle is the 2023 Cadillac XT4? What does it compare to? The 2023 Cadillac XT4 is a small SUV that competes with the Audi Q3 and BMW X1. Is the 2023 Cadillac XT4 a good SUV? Review continues below The 2023 Cadillac XT4 does well overall, with good acceleration and a comfortable
The all-new Toyota bZ4x is an important vehicle for the car manufacturer and while customer deliveries only recently started, one example has been listed up for sale through Copart after getting into an accident. This particular bZ4x is painted bright red and when it was on the road, certainly would have made quite a bold
Van Horn Automotive Group has had a digital retailing presence since before the pandemic began in 2020, with the goal of selling vehicles to consumers entirely online. The group, with 19 dealerships in Wisconsin and Iowa, initially drew on its established brand name and called its offering Van Horn Direct. But the process turned out
With one conspicuous omission, everything and everyone that moves on San Francisco’s streets fall under the purview of Jeffrey Tumlin. The director of transportation for the San Francisco Municipal Transportation Agency is responsible for the city’s municipal railway, traffic engineering, bicycle and pedestrian safety, taxi regulations, accessibility and more. Yet Tumlin is a bystander with
The European new car market continued to experience difficult times in the first half of this year. The latest data published by JATO Dynamics indicate that new car registrations fell by 14 percent compared to the same period in 2021, reaching 5.54 million units in 27 European countries. This figure differs from the positive change recorded in China (+
The Mercedes-Benz Vision EQXX concept is a sleek electric sedan with an air-cooled battery pack, 900-volt electrical architecture, and real-world range of well over 600 miles. We drove it this week and found it to be a lot of fun behind the wheel. 2024 Maserati GranTurismo Folgore spy shots – Photo credit: S. Baldauf/SB-Medien A
Next.e.GO Mobile, a German maker of compact electric vehicles, is going public through a merger with a blank-check firm to create a company valued at $913 million, including debt. The deal will provide e.GO with about $285 million of proceeds, assuming investors do not redeem their shares, according to a statement Thursday, confirming a Bloomberg
Ford Motor (F) reported better-than-expected quarterly results after the closing bell Wednesday, and raised its dividend payout by 50%, helping send shares more than 6% higher in extended-hours trading. Total revenue of $40.2 billion exceeded the consensus estimate on FactSet of $36.87 billion. Adjusted EBIT (earnings before interest and taxes, or operating income) was $3.7
9:25 PM ET Associated Press KENT, Wash. — Top Fuel leader Brittany Force closed qualifying at Pacific Raceways on Saturday by taking the No. 1 position in the NHRA Northwest Nationals. The event winner last week in Sonoma, California, Force had a 3.753-second run at 327.35 mph for her fifth No. 1 of the season
Retail technology giant Reynolds and Reynolds Co. on Friday acquired Proton Dealership IT, which offers dealerships cybersecurity and information technology products and services. Reynolds, a Dayton, Ohio-based dealership management system provider, did not disclose a transaction price. Leaders of the two companies said they began speaking about a potential acquisition in March. Reynolds’ deal to
By Johnna Crider Posted on July 30, 2022 Tesla and Drive.ai are top key players in the Intellgent Driving market according to a new Global Intellgent Driving Market report. The report gives an overview of the 2021 growth of Intellgent Driving and how that growth has significant changes from the previous year as our global
MILAN — Italy’s Alfa Romeo will work on a new large-size car in the United States to be launched in 2027, the brand’s head Jean-Philippe Imparato said on Friday, adding however the group had not yet decided where to manufacture it. Imparato said the step was key to tailoring the design for overseas markets, helping
Jim Farley, CEO of Club holding Ford Motor (F), was interviewed by “Mad Money” host Jim Cramer for Wednesday evening’s show. The chief executive discussed the automaker’s plans to manage the chip shortage, cost pressures and their initiatives to scale electric-vehicle production. The interview ran after Ford reported a solid quarter after the bell. 1.
2:50 PM ET Associated Press INDIANAPOLIS — Alexander Rossi snapped a 49-race losing streak that dated all the way back to the 2019 IndyCar season by winning at one of his favorite tracks. Rossi won Saturday on the road course at Indianapolis Motor Speedway, where his 2016 victory in the 100th running of the Indianapolis
Buckeye Honda has worked to overcome inventory shortages by creating an interactive research hub where online shoppers can get an up-close look at a vehicle even if it’s not in stock. The Lancaster, Ohio, dealership deployed a virtual configurator on its site this spring called izmoEmporio that lets users personalize new Honda models with accessories
- 1
- 2
- 3
- …
- 27
- Next Page »