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Missed out on the Tesla rally but still want to surf the electric vehicle wave? A stream of EV-related startups backed by blank-check firms are lining up to go public so there's plenty of choice. Instead, investors will be relying on rosy production, sales and revenue forecasts for new cars, trucks and batteries, all set to be jostling for a slice of markets that will be far more crowded than when Tesla's cars first hit the road.
"The more we look, there really only is one option that works," he told Sky Sports television at the Portuguese Grand Prix. Champions Mercedes have said they do not have the capacity to supply Red Bull, leaving only Renault and Ferrari as the alternatives to the Honda engine.
Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. The conflicting messages have experts in the field accusing Tesla of deceptive, irresponsible marketing that could make the roads more dangerous as the system is rolled out to as many as 1 million electric vehicle drivers by the end of the year. “This is actively misleading people about the capabilities of the system, based on the information I've seen about it,” sa
Quarterly results from consumer products giants Procter & Gamble Co and Reckitt Benkiser this week showed demand for cleaning products, detergents and soaps remained robust, helping the companies beat sales expectations and lift their annual forecasts. While consumers have been scrambling to get their hands on anything that could potentially slow the spread of the new coronavirus, they have also been spending on items that make living in the pandemic more manageable and comfortable.
The afternoon saw two red flag interruptions, first when AlphaTauri's Pierre Gasly pulled over with his car in flames and then when Red Bull's Verstappen and Racing Point's Stroll smashed into each other. There was plenty of swearing from Verstappen over the team radio after the impact as he tried to go through on the inside, including suggesting Stroll was blind.
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While the ruling does not take effect before a Nov. 3 company-sponsored ballot measure that will give voters the chance to decide over the future status of gig workers, it narrows the companies' options should their ballot fail. The case emerged after California implemented a law, known as AB5, aimed at reclassifying ride-hail, food delivery and other app-based workers as employees entitled to benefits such as unemployment insurance and minimum wage. California in May sued Uber and Lyft for no
Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected earnings. Highly profitable vehicles such as the GLA, GLB and GLS sport-utility vehicles boosted earnings, as did the economic recovery in China, said CFO Harald Wilhelm.
Tesla on Tuesday night released a beta, or test version, of what it calls a "Full Self Driving" software upgrade to an undisclosed number of "expert, careful" drivers. During a Tesla earnings call on Wednesday, Chief Executive Elon Musk said the latest upgrade was planned to be widely released by the end of this year, with the system becoming more robust as it collected more data.
Picking the car number for Michael Jordan's new NASCAR team was a slam dunk: Bubba Wallace will drive the No. 23 car when the team makes its debut next season. Jordan named his team 23XI Racing — that's pronounced twenty-three eleven — in honor of both his retired uniform number with the Chicago Bulls and the car number of his partner and three-time Daytona 500 champion Denny Hamlin. Jordan and Hamlin announced last month they had formed a NASCAR team with Bubba Wallace as the driver, a high-p
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Frenchman Grosjean, 34, has been at Haas since 2016, with Dane Magnussen, 28, joining in 2017. Magnussen tweeted that he was still working on his plans for the future and wanted to finish the last six races of the season on a high.
The Supreme Court on Wednesday put on hold a lower court order that would have permitted curbside voting in Alabama in November. The justices' vote was 5-3, with the court's three liberals dissenting. As is typical when the Supreme Court acts on an emergency basis, the justices in the majority did not explain their decision.
Fiat Chrysler's new electric 500 will have an entry price of 19,900 euros ($23,550), including a 6,000-euro incentive offered by Italy's government, a senior executive from the Italian-American automaker said on Thursday. Fiat Chrysler (FCA) will start selling a full range of the electric version (BEV) of its popular city car this weekend, after officially unveiling it and offering it in two premium configurations earlier this year. Olivier Francois, head of the Fiat brand and FCA's
At the same time, it will withdraw an exemption petition filed with the National Highway Traffic Safety Administration (NHTSA) in January 2018 seeking approval to deploy a limited number of similar autonomous vehicles based on the Chevrolet Bolt platform. NHTSA, which spent 15 months reviewing the GM petition before seeking public comment, said Wednesday it "will review the new petition when it is received." Cruise unveiled the Origin, which only has two long seats facing each other that can c
Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker says Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter. Excluding special items such as stock-based compensation, Tesla made 76 cents per share, beating Wall Street estimates of 57 cents.
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We get N-Line and Hybrid pricing, too
Italian EV buyers get a further 4,000-euro discount if they scrap an old car
Buyers are getting over $6,000 off the sticker price of some Ram trucks
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