Month: March 2023

4:28 PM ET MELBOURNE, Australia — Just three months in to his first year away from the Formula One grid, Daniel Ricciardo is already eyeing a return to a race drive next season. When McLaren decided to replace Ricciardo with Oscar Piastri at the end of the 2022 season, the 33-year-old Australian was left with
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Ford CEO Jim Farley’s total compensation fell slightly in 2022 to $20,996,146, according to the company’s annual proxy statement. Compensation for four of Ford’s top five named executives dipped from the prior year, largely because they received fewer incentives. Doug Field, Ford’s chief advanced product development and technology officer, was the lone named executive whose
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Self-driving technology company Waymo will retire its fleet of Chrysler Pacifica hybrid minivans, the vehicular flag-bearers for the nation’s first autonomous ride-hailing service. Waymo said Thursday it will replace the vans used in its metro Phoenix ride-hailing service by increasing its deployment of Jaguar I-Pace electric vehicles. The transition will occur in a matter of
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Round three of the 2023 Formula One World Championship takes place this weekend in Melbourne, Australia. The Australian Grand Prix in its current format takes place at Albert Park Circuit, a street circuit that has been on the F1 calendar since 1996. It received a slightly modified layout last season to speed up corners and
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By William Johnson Posted on March 30, 2023 In a letter to the NHTSA, Ford announced that it is abandoning its petition that would allow it to operate autonomous vehicles without physical human controls. Autonomous vehicle technology has grown in popularity since the launch of Tesla’s suite of autonomous driving offerings. Now, countless automakers, including
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KG Mobility, the South Korean automaker formerly known as SsangYong Motor before going through bankruptcy, is seeking to revive its fortunes with a $30,000 full-electric SUV. The carmaker Thursday unveiled four new vehicles at the Seoul Mobility Show, including the Torres EVX, its first electric car since conglomerate KG Group bought a majority stake in the
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DETROIT — Stellantis looks to generate more revenue through vehicle software in the years ahead, but consumers don’t have to worry about the automaker charging for basic amenities such as heated seats. Any premium services coming from Stellantis will provide additional value, said Mamatha Chamarthi, Stellantis’ chief business growth officer, software experience. The company expects
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In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters Electric heavy-truck maker Nikola said on Thursday that it plans
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SANT’AGATA BOLOGNESE, Italy — Lamborghini is adopting a cautious stance toward e-fuels, in contrast to its competitors Ferrari and Porsche, who see them as a way to continue to market internal-combustion engine cars in Europe after 2035, when the EU will allow only zero-emission vehicles to be sold. Stephan Winkelmann, the chairman and CEO of
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Getty Images By Michael Race Business reporter, BBC News The UK’s car sector could disappear unless the government follows the US and EU in helping with the switch to electric, an industry veteran warned. It was “probable” car firms would leave the UK without a huge subsidy package similar to the billions of support the
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Faraday Future Intelligent Electric Inc. announced that it’s started producing electric vehicles following years of turmoil and more than $3 billion spent. The company celebrated the milestone with a live-streamed event where it showed off a vehicle body built by a supplier outside its Hanford, California, plant. Faraday started assembling the rest of the vehicle
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WASHINGTON — Ford Motor Co. has withdrawn its petition to deploy a limited number of self-driving vehicles without traditional driving controls or features on U.S. roads, an unpublished federal document shows. In the notice, which is scheduled to be published Friday, NHTSA said Ford has withdrawn its July 2021 request for a temporary exemption from
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The Porsche Taycan is about to come in for an update, as evidenced by camouflaged prototypes spotted in the wild. The fully electric Taycan first arrived as a sedan for the 2020 model year and spawned the Cross Turismo soft-roader and Sport Turismo wagon body styles for 2021 and 2022, respectively. The complete updated range
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American luxury RV maker Bowlus will transition its entire lineup of camping trailers to all-electric, thus becoming the first fully electric RV company, as shown in a recent press release. Bowlus introduced the first lithium-powered RV that could power air conditioning in 2016 and launched its first electric RV, the Volterra, in August of last
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1:45 AM ET MELBOURNE, Australia — Carlos Sainz says Ferrari is currently experiencing one of its toughest moments since he joined the team in 2021. Sainz finished fourth and sixth at the opening two rounds of the season, while teammate Charles Leclerc retired from the Bahrain Grand Prix and was seventh in Saudi Arabia after
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