Month: December 2021

BEIJING — Daimler and its Chinese partner BYD have signed an equity transfer agreement to restructure their China EV venture Denza. Daimler said its holdings in Denza will be reduced to 10 percent, and BYD will hold the remaining 90 percent equity interest after the transfer. In 2022, Denza will introduce new models to the
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Shunji Tanaka, a key designer of the iconic Mazda Miata, has died. He was 75. Tanaka led the exterior and interior design of the Mazda MX-5 Miata, a lightweight Japanese roadster inspired by postwar-era British sports cars. The car went on sale in the U.S. in May 1989 with a starting price of $13,800 and
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Three groups and a former dealership general manager bought dealerships in four December transactions that span from Alaska to Florida. Two transactions involved a group on Automotive News’ top 150 dealership groups list. Here’s a look at the transactions involving domestic- and import-brand stores. Swickard Auto Group on Dec. 15 acquired two General Motors dealerships
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Hot Wheels® comes home! For the El Segundo stop, the Legends Tour came to Hot Wheels® Headquarters, making it the biggest event yet. Hundreds of vehicles of all types came to compete to become the next Legend—and be made into an official 1/64th-scale model. Which of these ridiculously wild cars will go to SEMA?
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BERLIN — Volkswagen said allegations made against it by Acer were unfounded, after a magazine reported that the Taiwanese computer maker had sued the automaker for infringing on its mobile network patents. German weekly WirtschaftsWoche had reported on Tuesday that Acer had filed a suit in the U.S. state of Virginia, alleging that VW had
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TOKYO — Toyota said it will launch a service next year offering customization and updates for cars as customers increasingly hold on to their vehicles for longer. The service, known as Kinto Factory, will start in late January and offer new safety features, refreshed interiors, and software upgrades to car computer systems. Toyota is trying
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BERLIN — Tesla and relevant authorities have submitted all the documents necessary for the approval process for the automaker’s planned factory near Berlin, the environment ministry of the German state of Brandenburg said. The approval process is still ongoing, the ministry said on Wednesday. Due to environmental objections and red tape, it remained unclear when
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LONDON — British car manufacturers had their slowest November in 37 years as the sector struggled to cope with the impact of the coronavirus pandemic on global supply chains, industry data showed. Car production fell by 29 percent compared with November 2021 to 75,756 units, despite a 53 percent increase in electric vehicle output, the
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FRANKFURT — Volkswagen expects to produce around 43 percent more vehicles at its main plant in Wolfsburg, its works council boss, Daniela Cavallo, told a German newspaper. The increase would be a marked improvement from this year but production would be still impacted by the shortage of semiconductors. This year, VW expects to produce around
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ATLANTA — Porsche will invest more than $50 million to build a second driving track at its Atlanta Experience Center, the automaker said Monday. The 1.3-mile circuit, which will open in the first quarter of 2023, will be connected to the current 1.6-mile driver development track at Porsche’s North American headquarters campus next to Hartsfield-Jackson
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12:16 PM ET Canadian Nicholas Latifi spoke out on Tuesday after receiving death threats and online abuse over a crash at the Dec. 12 Abu Dhabi Grand Prix that led to Red Bull’s Max Verstappen winning the Formula One title and Lewis Hamilton missing out. The Williams driver brought out the safety car late in
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2:31 AM ET Mick Schumacher, the son of seven-time Formula One world champion Michael, will double up as a Ferrari reserve driver next season while also having a regular race seat at U.S.-owned Haas. Team boss Mattia Binotto told reporters that the 22-year-old German would be available to stand in at 11 of the record
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What kind of vehicle is the 2022 Polestar 2? What does it compare to? The 2022 Polestar 2 is an electric fastback sedan. The first electric vehicle from Volvo’s dedicated electric brand, the Polestar 2 compares to electrics ranging from the Tesla Model 3 to the Ford Mustang Mach-E.  Is the 2022 Polestar 2 a
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