Lawrence Stroll, owner of the Aston Martin Formula 1 team, is a man on a mission. Three years ago, Stroll, a Canadian billionaire, along with his “closest, dearest friends and business associates,” bought the Force India team and saved it from administration. It was renamed Racing Point, which finished fourth in the team championship in… Continue reading Lawrence Stroll Is Making No Little Plans
Author: New York Times Online News
Biden, in a Push to Phase Out Gas Cars, Tightens Pollution Rules
WASHINGTON — President Biden on Thursday announced a multistep strategy aimed at rapidly shifting Americans from gasoline-powered cars and trucks toward electric vehicles — a central part of his plan to reduce the pollution that is heating the planet. Mr. Biden is first restoring and slightly strengthening auto mileage standards to the levels that existed… Continue reading Biden, in a Push to Phase Out Gas Cars, Tightens Pollution Rules
BMW and Stellantis report big jumps in profit as car sales snap back.
The global car market is rebounding strongly despite shortages of key components like semiconductors. That was the message Tuesday from German carmaker BMW and Stellantis, which owns Jeep, Peugeot and Fiat, as both reported large increases in profit. BMW said it made a net profit of 4.8 billion euros, or $5.7 billion, in the second… Continue reading BMW and Stellantis report big jumps in profit as car sales snap back.
What if Highways Were Electric? Germany Is Testing the Idea.
OBER-RAMSTADT, Germany — On a highway south of Frankfurt recently, Thomas Schmieder maneuvered his Scania tractor-trailer and its load of house paint into the far right lane. Then he flicked a switch you won’t find on most truck dashboards. Outside the cab a contraption started to unfold from the roof, looking like a clothes-drying rack… Continue reading What if Highways Were Electric? Germany Is Testing the Idea.
G.M. Is Expanding the Chevrolet Bolt Recall
General Motors said on Friday that it was expanding its recall of Chevrolet Bolt electric cars that have been found to be at risk of catching fire as a result of rare manufacturing defects. The company said it was recalling Bolts from the 2020 through 2022 model years. An earlier recall covered 2017-2019 models. G.M.… Continue reading G.M. Is Expanding the Chevrolet Bolt Recall
Nikola Founder Trevor Milton Charged With Securities Fraud
In a warning shot to a thriving corner of Wall Street, federal authorities on Thursday filed criminal and civil securities fraud charges against the founder of Nikola — a start-up automaker that went public by merging with an investment firm last year. An indictment by the U.S. attorney’s office in Manhattan charged the founder, Trevor… Continue reading Nikola Founder Trevor Milton Charged With Securities Fraud
General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
General Motors is recalling nearly 51,000 Chevrolet electric cars in the United States whose battery modules have been found to be at risk of catching fire. The recall covers Chevrolet Bolts from the 2017 to 2019 model years and comes after an earlier recall to add software designed to prevent the cars’ batteries from overheating.… Continue reading General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
The Car Market ‘Is Insane’: Dealers Can’t Keep Up With Demand
Some customers have balked at paying top dollar for new cars and have opted to make do with older vehicles. That has increased demand for parts and service, one of the most profitable businesses for car dealers. Many dealers have extended repair-shop hours. Mr. Ricart said he had some repair technicians putting in 10- or… Continue reading The Car Market ‘Is Insane’: Dealers Can’t Keep Up With Demand
Tesla Autopilot Faces U.S. Inquiry After Series of Crashes
The U.S. auto safety regulator said Monday that it had opened a broad investigation of the Autopilot system used in hundreds of thousands of Tesla’s electric cars. The investigation was prompted by at least 11 accidents in which Teslas using Autopilot, an assisted-driving system that can steer, accelerate and brake on its own, drove into… Continue reading Tesla Autopilot Faces U.S. Inquiry After Series of Crashes
Lordstown Motors says it is likely to begin only ‘limited production’ of its electric truck this year.
Lordstown Motors, the cash strapped electric pickup truck start-up, said on Wednesday that it will only begin “limited production” by the end of September and expects that to be the situation through the rest of this year. The company, in a release of second quarter financials, indicated it was still in need of cash to… Continue reading Lordstown Motors says it is likely to begin only ‘limited production’ of its electric truck this year.