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
Month: December 2021
Mark this moment in history, because the flag’s been planted and this is the end. The Cadillac CT5-V Blackwing is the unicorn enthusiasts waited for rather impatiently. Now it exists, but it likely won’t for long as Cadillac switches to an all-electric lineup. Whether the Cadillac CT5-V Blackwing wins the Motor Authority Best Car To
Shoppers preparing for Christmas in Andorra got the shock of their lives earlier this week when a Ferrari 512 TR crashed through the front of a shopping center. The crash occurred in the Sant Julià de Lòria parish of the tiny country during the middle of the day. Local media outlet Diara d’Andorra notes that
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
Investors may want to look under the radar for electric vehicle plays in the year ahead, two traders say. With popular stocks such as Tesla and Nikola reaching exorbitant valuations, “we’re trying to play around the edges,” Laffer Tengler Investments’ Nancy Tengler told CNBC’s “Trading Nation” on Thursday. “There’s two ways for investors to nibble
BEIJING — Geely Holding and Renault are likely to soon announce a deal to jointly produce the Chinese automaker’s hybrid vehicles in South Korea and look at possibly exporting cars duty-free to the United States, three people familiar with the matter said. The joint venture will allow Renault to shore up its struggling business in
Correctly affixing a badge to the rear of a vehicle may not seem particularly difficult but Jeep experienced some issues with the Wagoneer. An image recently posted on Twitter shows the rear of a Jeep Wagoneer with a badge that is out of position and at an odd angle. It’s as if the individual that
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
Tesla has released a new software update that lets drivers use their Tesla vehicles as actual megaphones to communicate with their surroundings. Don’t be shocked if people start talking to you through their Tesla on the road. Earlier this week, we reported on Tesla starting to push its new “holiday update”, which is a bigger-than-usual
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Electric carmaker Tesla is clearing the final hurdles to get its massive German “Gigafactory” up and running in the new year. The Berlin-Brandenburg plant has
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?
On this episode of Hot Rod Unlimited, Elana Scherr speaks with Bruce Meyers, the creator of the Meyers Manx dune buggy. Bruce visits the HOT ROD Studio with some restored and original Manx buggies for a photo shoot and explains the inspiration behind the development of the Manx in 1964 and its subsequent racing and cultural
The first reviews of the 2022 Subaru WRX have hit the web, providing us with our first chance to see what the new car is all about. For the first time in the WRX’s history, this new model shares no body panels with the Impreza, nor does it share any of its powertrains with the
The all-electric Lucid Air may come from an automaker with no prior experience building cars but it has proven itself to be one of the finest electric vehicles on the market. A bunch of journalists have had the opportunity to drive the Lucid Air over the past couple of months and most recently, the guys
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
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
WASHINGTON — U.S auto safety regulators said they have opened a formal safety investigation into 580,000 Tesla vehicles sold since 2017 over the automaker’s decision to allow games to be played on the front center touchscreen. The National Highway Traffic Safety Administration said its preliminary evaluation covers various 2017-2022 model year Tesla Model 3, S,
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
Renault’s venture with Brilliance Auto Group Holdings in China is unable to make payments and heading for restructuring, a further blow to the French automaker’s limited presence in the world’s biggest car market. In light of the partnership’s “inability to meet its current financial obligations, the company’s board of directors has resolved to initiate a
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
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
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
As Joni Mitchell can attest, not everyone wants jolly elves and merry reindeer in their holiday media. Some people want a good Christmas cry. For those looking for a river to skate away on, behold Chevrolet’s “Holiday Ride.” The four-minute version of the ad received 4.8 million page views on YouTube as of Thursday. The
Before Motor Authority‘s Best Car To Buy 2022 is announced on Jan. 3, we thought we’d look back on our past winners to gauge our preferences and examine our benchmarks for how we evaluate cars. Over the last 11 years, the winners have ranged from coupes and wagons to convertibles and hatchbacks. Oddly, only one
Hennessey Performance Engineering has a different kind of holiday tradition. Most years, CEO John Hennessey sees how fast a car will go with a Christmas tree strapped to the roof. This year, Hennessey organized a new run up to 183 mph with his wife’s Audi RS 6 Avant. The high-performance wagon was driven by Ford
An icon of the custom car era, Bob Hirohata’s 1951 Mercury customized by the Barris shop, will go up for grabs at the Mecum Kissimmee (Florida) auction to be held Jan. 6-16. The rise of custom car culture paralleled hot rod culture in the post World War II period. Many shops in Southern California began
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
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
9:40 AM ET It’s been one of the most remarkable F1 seasons ever. One of the best title battles of all time came down to the final lap of the final race — and not without enormous controversy. Over such a long season, which featured six different drivers and four different teams claiming a race
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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