3:10 PM ET Formula One’s 46-year wait for a woman driver is likely to continue for some years but next week’s Miami Grand Prix could be a significant springboard for the all-female W Series, according to founder Catherine Bond Muir. The single-seater championship, which uses F3 cars and partnered with Formula One in 2021, has
Month: April 2022
Getty Images Car production in the UK has continued to fall as manufacturers struggle with global supply chain problems. Almost 100,000 fewer cars were built in the first three months of 2022 compared to last year. Manufacturing has dropped by nearly a third, according to the Society of Motor Manufacturers and Traders (SMMT). The SMMT
Tesla Inc. co-founder Elon Musk won’t have to hand over as much as $13 billion in shares of the EV maker he got in a buyout of SolarCity, after a judge found he isn’t liable for backing the deal. Delaware Chancery Court Judge Joseph Slights III concluded that the multibillionaire properly used his influence with
WASHINGTON — A group of 12 U.S. Senate Democrats on Wednesday urged Transportation Secretary Pete Buttigieg to develop a comprehensive federal framework for autonomous vehicles, according to a letter seen by Reuters. “We lag behind in shaping a regulatory framework that will foster this innovation while simultaneously protecting and encouraging all of the important benefits
In this article F Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 580 U.S. salaried employees and agency workers as part of its ongoing Ford+ turnaround plan, the company confirmed Wednesday night.
Porschephiles know the score. The Turbo models are always all-wheel drive, they can be spotted by the big intake cutouts in their rear fenders, and the last model with a manual transmission was 2012. The 2023 Porsche 911 Sport Classic defies those conventions while sampling styling elements from the late 1950s through the early 1970s.
By Joey Klender Posted on April 27, 2022 Ford (NYSE: F) reported $34.5 billion in revenue through Q1 2022, with a net loss of $3.1 billion “primarily attributable to valuation of investment in Rivian.” The Detroit-based automaker said demand for its vehicles was strong in the first quarter, but deliveries were tempered by supply chain
LONDON – Morgan Motor Company has hired Lamborghini executive Massimo Fumarola as CEO as part of an expansion push. Fumarola takes over from current CEO and Chairman Steve Morris, who becomes executive chairman of the niche sports-car maker, which is based in the UK. Morris described the appointment as “extremely important” for the company. “Massimo
7:26 AM ET Associated Press HOBART, Australia — A 59-year-old driver was killed in a crash at the Targa Tasmania rally Wednesday, a year after three competitors died in the annual race. The Australian man and a female passenger were in a 1989 Porsche 944 S2 when it crashed over an embankment on a closed
Fugitive former Nissan boss Carlos Ghosn has said he wants to stand trial on charges of financial wrongdoing in order to clear his name. He spoke to the BBC after France issued an international warrant for his arrest, citing allegedly suspect payments. Mr Ghosn said he was “expecting” the move though he was “surprised at
Penske Automotive Group Inc.‘s first-quarter net income more than doubled, generating the retailer’s most profitable quarter ever, as used-vehicle revenue surged and the company’s car dealerships produced higher gross profits across all business lines. Penske reported Wednesday that net income soared to $369.5 million, up from $183.1 million in the year-earlier period. Revenue jumped 21 percent
DETROIT — Interstate 94 between Detroit and Ann Arbor could in the coming few years become the first major artery in Michigan designed for autonomous vehicles zipping up and down the road. Cavnue LLC, which is focused on designing roads for the future, was tapped by state officials in August 2020 to develop a “first-of-its-kind
In this article LCID With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the government of Saudi Arabia has agreed to buy up to 100,000 of its electric vehicles over the next ten years. Saudi Arabia’s public wealth fund holds
The Miku Max electric motorbike has been a controversial design ever since we first began covering it in 2018. Now the Miku Super has improved the bike’s performance as it expands into the European market. Produced by Chinese electric scooter giant Sunra, the Miku Super is a unique design that falls somewhere between electric mopeds
Renault will transfer its 68 percent stake in AvtoVAZ to a Russian science institute for a nominal sum, Interfax cited Russian Trade Minister Denis Manturov as saying on Tuesday. Renault will have the right to buy the stake back within the next five to six years, Interfax added, citing Manturov. He also said that Renault’s
6:10 PM ET Associated Press Roger Penske has tweaked qualifying for next month’s Indianapolis 500 to add a shootout that will determine the first four starting rows for “The Greatest Spectacle in Racing.” Penske told The Associated Press the tweaks will create a high-pressure atmosphere on the second day of qualifying. “We’re going to have
Getty Images Car maker Nissan is to stop producing vehicles under the Datsun name, which has a more than century-long history. It was one of the brands that helped Japanese car makers become established globally after the Second World War. Despite selling millions of cars around the world, the Datsun name was phased out in
The U.S. saw a record number of light-vehicle recall campaigns in 2021, but a smaller number of vehicles were affected, according to data from investment bank and advisory firm Stout. Individual recall campaigns reached a record high of 406 in 2021 compared with 317 in 2020, while the total number of vehicles affected dropped to
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