12 Articles
EV Buyers Tend To Be Smart, Educated, Wealthy White Men

Two studies say automakers need to bring EV costs down before the broader public will accept them

Guess what? Your average electric vehicle buyer is not your typical American. Electric car buyers are predominantly white, male, well-educated and homeowners, according to a survey of 970 EV owners by the Electric Vehicle Information Exchange (EVIX.) Their median household income was $108,624, compared with the U.S. average of $51,914. In other words, except for political leanings, they look just like the members of the U.S. Congress and White House challengers last year who regular

Two Wheels
Janus Motorcycles thinks big with small displacement

What you're looking at here is a brand-new, small-displacement motorcycle from Janus, though you'd be forgiven for thinking the machine is some restored relic from the 1920s. Devin Biek and Richard Worsham got it into their heads to start building new bikes borrowing design references from their favorite antique two-wheelers, after noticing how many moped enthusiasts were working to convert their budget rides into more capable machines. The

Official
General Motors buys Ally Financial foreign operations

In a move that welcomes former pieces of General Motors back into the fold, GM Financial has reached a deal with Ally Financial, formerly GMAC, to buy a piece of the company's international operations. The $4.2 billion deal is for Ally's Latin America, Europe and China operations.

GM partnering with tire researchers for better fuel economy

Starting next year, General Motors engineers will work with researchers at the National Tire Research Center in an effort to create safer and more efficient tires. The automaker has invested $5 million in the facility in Halifax, Virginia, which uses cutting-edge tire performance machinery to recreate real-world driving events.

Report
Coca-Cola returning to F1 with Lotus sponsorship [w/videos]

Even before Red Bull Racing became a record-breaking three-time Constructor's Champion in Formula One, it has dominated conversations both as a team and as an energy drink. After seven years of "Red Bull this" and "Red Bull that," Coca-Cola is reportedly ready to jump into the F1 fray with its Sweden-ba

Report
Jaguar Land Rover and Chery investing in Chinese plant

While the European auto market for Jaguar and Land Rover is waning, Chinese car buyers can't get enough of the British marques. To meet that demand, Tata Motors, parent company of Jag and Land Rover, is partnering with Chinese automaker Chery Automobile Co.

Report
Aston Martin scores bids from Mahindra and UK equity house

Three weeks, ago Businessweek reported that Investment Dar, Inc. was looking to shed its majority stake in Aston Martin. The Kuwait-based financial firm is apparently seeking to restructure its debt load and has sought $800 million for its 64-percent share in the English automaker. That amount compares to the $925 million that it took for a consortium

Report
BMW M1 successor still on track, to be called M8

Automobile has taken a look into the medium-term future product plans of the German automakers, and one of the interesting nuggets is that BMW is still working on an M8. An updated BMW M1 has been a fantasy since the last of the 456 original M1s rolled off the line in 1981, a

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