Month: August 2020

High-flying shares of Tesla Inc. surged again on Monday after its stock split took effect and attracted more buying from investors. Tesla shares rallied another 10 percent, elevating the EV market capitalization to over $440 billion, making it more valuable than blue-chip companies such as Walmart and Johnson & Johnson. Tesla split its stock 5-for-1,
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TOKYO — Mitsubishi Motors’ former Chairman, Osamu Masuko, died from “cardiac insufficiency” on Aug. 27, the Japanese automaker said in a statement on Monday. He was 71. Masuko, a veteran of the Mitsubishi conglomerate, had just weeks after he resigned as chairman, citing health reasons for his decision to step down. Masuko joined Mitsubishi Motors
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It’s been a while since we last heard from Dutch sports car marque Spyker, but we’re glad to report the latest update from the company is a positive one. Spyker last week announced a considerable new investment from Russian businessmen Boris Rotenberg and Michail Pessis. Rotenberg is the co-founder of Russia’s SMP Bank, and also
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The 2021 Toyota Tundra works hard to pull its weight in the full-size pickup class, but despite a muscular V-8 engine it falls behind the Ram 1500 and Ford F-150 in our rankings. It’s light on luxury, lower on towing and hauling ratings, and in gas mileage too.  We’d still buy one if we put
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YOKOHAMA, Japan — Nissan CEO Makoto Uchida, fighting to reboot the carmaker as it braces for its biggest-ever operating annual loss, expects business to start rebounding in the new year. Earnings should show a turnaround in the January-March period, or the fourth quarter of the current fiscal year, Uchida said. That comes too late to
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Bug stains marring the launch of General Motors’ most profitable SUVs? Add mayfly mayhem to the list of auto industry problems in 2020. GM believes the insects, also known as fishflies, are responsible for stubborn black residue dotting more than 2,600 Chevrolet Tahoes and GMC Yukons that were built in Arlington, Texas, and waiting to
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As international travel restrictions continue, millions of Brits are jumping in their cars for UK-based staycations this summer – spending a collective £462million on fuel. With the nation preparing for Bank Holiday weekend getaways, research from EDF revealed 77% of holiday-makers will make their staycation journey in a petrol / diesel car – travelling an
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Volkswagen of America executives are still working with their German counterparts to lock up sufficient allocation of the ID4 — VW’s new Tiguan-size battery-electric crossover — from the single German plant supplying Europe and North America. Some 99 percent of Volkswagen’s 650 U.S. dealers have signed up to sell the ID4 when it goes on
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With the unveiling of the Citigoᵉ iV last year, Skoda’s tiny hatchback range has gone all-electric. The new model, which is also the Volkswagen Group’s most afforfable battery-electric vehicle, starts at £20,455 ($26,770) in the UK, excluding the £3,000 ($3,926) Government Plug-in Car Grant, undercutting its Seat Mii Electric and VW e-Up! brethren by £2,345
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Porsche’s second-generation Panamera came in for its mid-cycle update this week, with some new powertrains on the list and the styling and chassis receiving revisions, too. The Panamera is a seriously quick car for its size. In fact, one variant has lapped the Nürburgring faster than a C8 Chevrolet Corvette Stingray. 2023 Porsche 911 GT3
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The 2021 Legacy costs just $23,820 in base trim. With its standard all-wheel drive, twin 7.0-inch infotainment and vehicle-function screens, active safety features, and Apple CarPlay and Android Auto compatibility, it’s a great bargain and very well-equipped, without spending a dime more. The Legacy’s warranty and options aren’t anything dramatic, but its larger available infotainment
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NAGOYA, Japan — If things had gone according to plan, a cavalcade of Toyota vehicles would have rumbled into Tokyo this month, heralding the 2020 Summer Olympics and wrapping up an unprecedented seven-year, five-continent endurance drive by the country’s flagship automaker. Instead, the COVID-19 pandemic emerged, forcing the cancellation not only of the Summer Games
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The COVID-19 pandemic has delayed the pivotal vehicle in McLaren Automotive’s transition to a 100 percent electrified portfolio, but the British exotic automaker’s future product plans are now coming into clearer focus. Last week, McLaren released details of its newest vehicle architecture, which, in a different direction for the brand, has been specifically developed to
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Buick is deepening its partnership with Amazon to attract younger buyers, with voice assistant technology and online shopping. The features are part of the latest phase of Buick’s tie-up with Amazon. The new components include a virtual Amazon showroom and a custom Alexa “utterance,” a phrase that lets people ask about Buick vehicles from any
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German supplier Hella is planning a sale of its driver-assistance software unit, people familiar with the matter said. Hella is working with advisers to gauge interest in the business, the people said. It could fetch several hundred million euros, they said, asking not to be identified because the information is private. The unit may attract
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Change may have swept over other crossover SUVs in the form of hybrid powertrains or cutting-edge looks, but the 2021 Subaru Outback is content to stay the same. Why not? It’s a winning formula of wagon room, flat-4 power, and an enviable reputation for safety and durability.  With almost no changes to its different versions—Base,
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Four U.S. service members have been injured following an incident with Russian forces in northeast Syria. Dramatic footage shared online shows an altercation between U.S. and Russian military vehicles. While it is hard to say what prompted the incident, vehicles from the U.S. and Russia can be seen slamming each other as Russian helicopters hover
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The coronavirus pandemic dramatically altered the automotive ecosystem this spring as plants shut down, many dealerships temporarily closed their showrooms and the two largest U.S. wholesale auction companies made a near-overnight switch to digital sales. Since the height of the virus crisis in March and April, manufacturing has restarted and dealerships have reopened. But Cox
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