Month: October 2020

MILAN — Fiat Chrysler expects the costs of launching full-electric and plug-in hybrid cars to negatively affect its money-losing European business even more in the fourth quarter than in the third quarter. That is because the industrial costs associated with the automaker’s electrification program will increase, FCA Chief Financial Officer Richard Palmer told analysts during
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What kind of vehicle is the 2021 Mercedes-Benz GLS-Class? What does it compare to? The 2021 Mercedes-Benz GLS-Class is a high-end luxury SUV, one that favors opulence over affordability. Shop the GLS against the Land Rover Range Rover, BMW X7, Cadillac Escalade, Lincoln Navigator, and Lexus LX 570.  Is the 2021 Mercedes-Benz GLS-Class a good
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TurboZentrum’s heavily-modded Toyota Supra A80 crashed earlier this month during the TTT half-mile drag racing event held at the Lausitzring racetrack in Germany. According the company, Yalcin Belen, who was driving the 1,500-horsepower dragster, had to swerve to avoid an obstacle while doing around 220 km/h (137 mph) in fourth gear. Watch Also: Which Sounds
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DETROIT — See if this sounds familiar: A start-up EV company is basically gifted a modern plant chock-full of world-class production equipment. To reduce product-development costs and time, its first vehicle uses thousands of proven off-the-shelf parts from major suppliers and established automakers. Lordstown Motors is closely following Tesla’s early playbook as it gears up
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As automakers seek to make their vehicles increasingly connected — especially given the myriad benefits that can be provided — there are still some wrinkles to iron out. Chief among them? Cybersecurity threats, consumer data privacy concerns and the possibility of connectivity — or a lack thereof — affecting safety-critical functions of a vehicle. In
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Ford will replace the battery pack in the Kuga plug-in hybrid to fix a problem that caused a number of the compact SUVs to catch fire. “The root cause has been identified as a battery cell contamination issue in our supplier’s production process,” Ford said in a statement. “We have determined that the best course
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Don Walker offered a few words of advice last week as he announced he would retire as CEO of North America’s biggest auto supplier, Magna International Inc. “I think we’re well positioned to take advantage of the future trends,” Walker said in a phone call with Automotive News and the man who will succeed him,
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Executives and engineers pioneering self-driving technology have long believed autonomous vehicles hold the potential to dramatically reduce the number of traffic deaths and collisions. Waymo has offered what might be a first glimpse into how those reductions occur. The company, the commercial offspring of Google’s autonomous-vehicle project, issued a report Friday that contains a trove
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Fisker Inc. said Thursday it completed a deal to go public by merging with a special-purpose acquisition company, with the proceeds funding operations and development of its first electric vehicle through the start of production in late 2022. Shares of the combined company are expected to trade on the New York Stock Exchange starting Friday
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Swiss designer Philipp Plein has lost a legal battle against Ferrari and been ordered to pay €300,000 ($352,000) in compensation to the Italian car manufacturer. The case relates to a spring 2018 runway show that Plein held in Milan in June 2017. During this event, Plein featured a host of exotics, including Ferraris, Lamborghinis and
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When Cruise, the autonomous-vehicle company mostly owned by General Motors, unveiled its Origin driverless shuttle in January, COVID-19 hadn’t reached the U.S. That was just nine months ago, but it was “before 2020 became ‘2020,’ ” as Robert Grant, Cruise’s vice president of global government affairs, put it in a blog post last week. “COVID-19 changed
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Sonic Automotive Inc.’s third-quarter profit more than doubled as the retailer was aided by higher overall and new-vehicle gross profits in its franchised segment, record EchoPark used-vehicle volume and lower expenses, all despite a drop in new-vehicle sales. Revenue for the nation’s sixth-largest new-vehicle retailer fell 5.7 percent to $2.5 billion. Net income more than
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Panasonic announced that it is working with Tesla to build a new prototype production line to produce its 4680 battery cell at Gigafactory Nevada. In a conference call following the release of its latest earnings, Panasonic’s Chief Financial Officer Hirokazu Umeda announced that they are working with Tesla to produce its new 4680 battery cell
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