Month: July 2020

DETROIT — Ford Motor Co. on Thursday reported second-quarter income of $1.1 billion despite a pandemic that idled its North American plants for roughly half the reporting period. The surprise profit came largely from a $3.5 billion gain on its investment in Argo AI, the company that is developing a self-driving vehicle system. Volkswagen Group
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Polestar has today delivered the first European Polestar 2 customer car at the company’s iconic global headquarters in Gothenburg, Sweden. The Thunder-coloured fastback is specified with a Charcoal WeaveTech vegan interior. The new owner, Sture Stensson gets a walk through the extensive technology onboard. New owner Sture Stensson commented: “I ordered my Polestar 2 on
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Succinct as it is accurate, “It’s a Subaru” pretty well describes the 2021 Subaru Ascent three-row crossover SUV. All-wheel drive? Check. Horizontally opposed engine? Yup. Room for people and gear? Uh-huh. Hard-wearing interior? Sure. The 2021 Subaru Ascent soldiers into the new year with minimal changes on what’s been a reliable formula so far. The
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Editor’s note: An earlier version of this story mischaracterized the ideology of the bipartisan Coalition for a Prosperous America.  President Donald Trump, true to his “America First” promise in the 2016 campaign, has confronted China over its trade practices, treatment of intellectual property and alleged currency manipulation. His tenure has been marked by a two-year
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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Cox Automotive eliminated roughly 1,600 positions in North America, including 1,500 in the U.S., as the Atlanta dealership services company reorganizes and prepares to expand digital initiatives amid the coronavirus pandemic. The affected employees held corporate and field roles, Cox spokesman Chintan Talati said Wednesday. He said the majority of those cut worked for the
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PARIS/TOKYO — When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the pandemic. All the world’s automakers have been in crisis at one time or another in the past few years, but it
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A Lexus coupe or convertible might be the best way to take a hammer to that ginormous change jug or piggy bank you’ve had going since elementary school. An 84-month loan would be OK, too, we guess. For less than $100,000, the 2021 Lexus LC has all the standard touches expected from a car that
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After years of plans to become a crossover brand, Buick has at last dropped all cars from its lineup. The Regal was the final sedan standing, and Buick discontinued it after the 2020 model year. Instead, Buick is focusing on SUVs and crossovers, and 2023 likely will mark the start of its shift toward electric
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DETROIT — General Motors’ first battery-electric pickup, the GMC Hummer, will be unveiled this fall after the automaker postponed the May reveal because of the coronavirus pandemic. The Hummer could better position GM to compete against off-road rivals, such as the Ford Bronco. “We look at each brand and are continuing to build on our
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By Joey Klender Posted on July 29, 2020 Tesla is making a substantial mark in the South Korean electric automotive market as the Korea Automobile Manufacturers Association (KAMA) stated that the company had attained an annual sales increase of more than 1,500% in the first half of 2020 thanks to the automaker’s Model 3 sedan.
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When Hyundai Motor America and the National Salute to America’s Heroes had to cancel their 2020 Air and Sea Show in Miami Beach, Fla., because of coronavirus concerns, they didn’t let it stop them from giving back. Instead, they hosted a giveaway called the Salute 365 initiative for “local healthcare professionals, first responders and others.”
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Motor Authority So many loud, high-horsepower machines parade in front of the security guards at Porsche’s headquarters in Zuffenhausen, Germany, that even a 911 Speedster begins to look a little dull. Arriving to drive 2021 Porsche Panamera prototypes, I pulled up in a two-seater that caught them completely off-guard: a 2007 Renault Kangoo panel van,
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