Insatiable demand for SUVs all over the globe but particularly in key markets such as China and the U.S. has led to companies even like Lotus, whose reputation is built on lightweight sports cars, joining the trend. But with its new Eletre revealed on Tuesday, there’s the chance Lotus will be able to live up
Month: March 2022
Volkswagen has been careful not to reveal too much about its Project Trinty, though it has definitely been clear about the major strides it will need to make to be able to become the global leader in the EV industry. It’s now becoming more clear that those plans may include Tesla-like manufacturing processes, including potential
HAMBURG — Volkswagen Group is likely to give the go-ahead for group brands Porsche and Audi to make their entry into motor racing’s Formula One at a meeting next week, two sources familiar with the matter said. “We will hopefully be able to communicate our intention to enter into Formula One then,” one of the
Porsche is looking to advance itself in the world of in-vehicle entertainment — at least at its in-house playground in Southern California. It’s now offering a virtual reality gaming experience — for passengers, not drivers — at its Porsche Experience Center in Los Angeles. The program, created in collaboration with the tech startup Holoride is
9:18 AM ET Audi and Porsche owner Volkswagen is likely to give the green light for the two brands to make their entry into motor racing’s Formula One at a meeting next week, two sources familiar with the matter said on Thursday. “We will hopefully be able to communicate our intention to enter into Formula
BERLIN — Volkswagen Group will recall more than 100,000 plug-in hybrid vehicles globally due to the risk of fire, a spokesperson for the automaker said. VW brand will recall 42,300 Passat, Golf, and Tiguan and Arteon models, while Audi will call back 24,400 vehicles. The Seat and Skoda units are also affected. There is a
Autonomous deliveries may soon take flight. FedEx Express, a subsidiary of the logistics giant, said Wednesday it is working with Bay Area startup Elroy Air on using vertical takeoff and landing aircraft in cargo operations. The two companies have already worked together for the past two years. In the next phase of their partnership, they’ll
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from
By Maria Merano Posted on March 30, 2022 Recently, Tesla super bull Cathie Wood from Ark Invest offloaded $205 million TSLA shares. The move comes before Tesla shareholders are expected to vote on a potential stock split. Ark is transparent with its daily transactions. Recent reports revealed that Ark sold 52,335 TSLA shares last Wednesday,
SHANGHAI — Volkswagen asked staff at its Shanghai plant to prepare sleeping bags and yoga mats so they can deploy a system that allows the automaker to continue to operate despite parts of the Chinese city being under a strict COVID-19 lockdown. The arrangement will enable the plant, which VW runs with local partner SAIC
11:30 AM ET Formula One cars will race under the lights down the Las Vegas strip in 2023 as part of a new event on the championship calendar, joining Austin and Miami as U.S. host venues. Las Vegas will hosts its event on a Saturday night in November, a rarity in an F1 calendar featuring
A German court has awarded a Tesla Model 3 owner €69,000 ($76,800) in compensation after deciding that the car’s optional autonomous driving technology didn’t live up to the marketing promise. According to German publication the Spiegel, the Darmstadt Regional Court heard how the plaintiff had ordered his German-spec Model 3 with the optional Full Self
WASHINGTON — Major U.S. and foreign automakers on Wednesday backed the U.S. Environmental Protection Agency’s new tougher vehicle emissions regulations in a court challenge brought by some states and ethanol groups. Texas and 15 other states have challenged the EPA’s vehicle emissions rules that reverse a rollback of tailpipe rules issued under former President Donald
Waymo, Alphabet Inc.’s self-driving car unit, said it would begin offering rides in San Francisco without a driver behind the wheel, seeking to catch up to rival Cruise on its home turf. The driverless rides will be available only for Waymo staff to start, the company said Wednesday in a statement. Waymo also announced plans
Xiaodi Hou, Co-founder & CTO, TuSimple, on Centre Stage during day two of Web Summit 2019 at the Altice Arena in Lisbon, Portugal. Vaughn Ridley | Sportsfile | Getty Images Xiaodi Hou co-founded autonomous-driving startup TuSimple a few years ago, but he just took over as CEO and chairman of the board March 3. Why?
Buick has filed a trademark application for a new logo, according to documents first spotted by CarBuzz. An application filed March 16, 2022, with the United States Patent and Trademark Office (USPTO) shows a variation of the automaker’s traditional tri-shield logo, which dates back to 1959 and has been mildly updated since then. The ring
British luxury automaker Rolls-Royce Motor Cars has shared the latest update regarding its upcoming all-electric Spectre, as it has endured winter testing in Sweden in temperatures as low as -40℃ (-40℉). With the completion of winter testing, Rolls-Royce has shared that the Spectre has now covered 25% of the 2.5 million planned test kilometers (~1.55
The next-generation Mercedes-Benz GLC midsize SUV will arrive this autumn with three plug-in hybrid drivetrains that offer more than 100 km (62 miles) of electric-only range, Mercedes said. In addition to two gasoline plug-in hybrid versions, and a diesel plug-in hybrid, the GLC will also have a range of small, four-cylinder gasoline and diesel engines
5:06 AM ET Former motor sport boss Max Mosley died of a gunshot wound in the bedroom of his London home last May after being told his cancer was terminal, an inquest heard on Tuesday. His family had said at the time that the 81-year-old, who was one of the most influential figures in F1
People driving on the A28 between Zwolle and Meppel, Netherlands, may see something a little odd today. A double-helix of tire marks extending farther than may have seemed possible is the result of a very expensive accident for the owner of a Lamborghini Aventador on Sunday. The driver, Rick van Stippent, is a Dutch millionaire
The invasion of Ukraine has added to agita among electric-vehicle makers over the supply of nickel, a critical ingredient in EV batteries, since Russia is one of the world’s biggest producers. But Tesla Inc. had already been scouring the globe for the metal, signing pacts with several nickel suppliers since 2021. That includes a multiyear
Michael Wayland / CNBC PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motorists and pedestrians who passed by had a similar reaction. They pointed, stared and even gasped when they noticed there
We knew Lotus (now owned by Geely) was working on an electric SUV, and we even got a sneak peek at it via some patent photos, but today we finally get to look at it fully unveiled. Lotus Eletre is the product name and through its design, it immediately becomes one of the most aggressive
LONDON — Lotus applied its sports-car design and performance ethos to develop the Eletre full-electric SUV. The Eletre, which was revealed in London on Tuesday, will become the flagship model for the automaker’s new range of ‘lifestyle’ electric vehicles that will be built in Wuhan, China, for global markets. The high-performance SUV is the automaker’s
10:13 AM ET Mick Schumacher’s crash in last weekend’s Saudi Arabian Grand Prix qualifying could be a $1 million hit for Haas, according to team boss Guenther Steiner. The German driver missed Sunday’s race in Jeddah, despite being unhurt in the impact, with the shattered car needing a complete rebuild. “The chassis in itself doesn’t
After a few hours of street racing early Monday morning in Portland, it all ended with four different people being injured by gunfire police say. Victims aged 21, 18, 16, and 11 each suffered non-life-threatening injuries and the oldest has been arrested as the prime suspect. Police aren’t totally certain that all victims and suspects
UAW President Ray Curry said Tuesday the union’s membership fell roughly six percent to 372,254 last year, according to an annual financial report that will be made public this week. The LM-2 report, filed with the Department of Labor, compares union membership as of December 2021 to the same period a year earlier. Curry, speaking
Vietnamese automaker VinFast will build an electric vehicle assembly plant and a battery manufacturing facility in Chatham County, N.C, with an initial $2 billion investment. VinFast, which opened its U.S. headquarters in Los Angeles last year, intends to move rapidly into the North America EV market with the VF 8 and VF 9 crossovers currently
In this article TSLA Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If Tesla CEO Elon Musk is serious about welcoming organizing efforts of the company’s U.S. workforce, the automaker
Lotus on Tuesday revealed its first SUV. Yes, the company famous for lightweight sports cars has expanded into vehicles normally found at the grocery store instead of at the track. The move is necessary to boost Lotus’ financial health, and the profits generated should lead to new and better sports cars. The new SUV, previously
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