Volkswagen’s first North American battery plant for electric vehicles will be built in Canada, and Prime Minister Justin Trudeau and other Canadian politicians made it clear on Friday that the country had effectively been in a bidding war with the United States. “We put up a lot of money,” Mr. Trudeau said at a news… Continue reading Canada Lands Volkswagen Battery Plant With Billions in Subsidies
Author: New York Times Online News
Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Designed to accelerate the shift to electric cars among other climate goals, the Inflation Reduction Act has in practice made buying such vehicles a lot more complicated. In August, the law ruled out the full tax credit of $7,500 for electric vehicles and plug-in hybrids assembled outside North America. That may make it harder for… Continue reading Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
Tesla’s profit fell sharply in the first three months of the year after it cut the prices of its electric vehicles, the company said on Wednesday. The carmaker, led by Elon Musk, said it had made $2.5 billion in the first quarter, a drop from $3.7 billion in the last three months of last year… Continue reading Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
Charles Leclerc and His Brother Arthur Return to Race at Monaco
Monaco Grand Prix fans who are from the principality have become accustomed to watching one of their own, Charles Leclerc of Ferrari, who was born in Monaco, compete in the race. At this year’s event, there will be two locals, as Arthur Leclerc, Charles’s younger brother, races there in Formula 2 on Saturday. “It’s a… Continue reading Charles Leclerc and His Brother Arthur Return to Race at Monaco
Frédéric Vasseur Is Working on Changing Ferrari
Frédéric Vasseur knows all about pressure. In January, he was named general manager and team principal of Ferrari, one of the most high-pressure jobs in motorsport because of the popularity of the team. But in 1996 Vasseur had started his own team, and he said there were times he had trouble making ends meet. “I… Continue reading Frédéric Vasseur Is Working on Changing Ferrari
Formula 1 Finds a New Way to Advertise on Its Cars
When a way to display digital advertising on racecars was pitched to McLaren, team officials were concerned it was just a gimmick. Brand logos are already on cars, but this new method allows teams to show additional ads because they appear on panels mounted on the side of the cockpit and are visible to home… Continue reading Formula 1 Finds a New Way to Advertise on Its Cars
It’s Been a Red Bull Season
Formula 1 has become the Red Bull roadshow. It has won all five Grands Prix this season, four of them one-two finishes, and has amassed 224 points from a possible 235. “That race pace advantage, I think, is quite big at the moment,” said the reigning champion Max Verstappen of Red Bull, after winning the… Continue reading It’s Been a Red Bull Season
A Stunning Comeback for Fernando Alonso in Formula 1
In 2018, after 17 seasons of dedicating his life to Formula 1, Fernando Alonso had enough. With two world titles and 32 Grand Prix victories, he walked away, albeit unfulfilled. It had been 12 years since he was crowned champion and five since he had won a race. “When I finished, it was on a… Continue reading A Stunning Comeback for Fernando Alonso in Formula 1
Formula 1 Rules Under Scrutiny After a Pileup in Australia
After the legendary driver Ayrton Senna died during the 1994 San Marino Grand Prix, the sport’s rules on car design and safety strikingly changed. Now, Formula 1’s rules and the decisions of the F.I.A., the sport’s governing body, are rarely out of the spotlight. The sport had acted quickly in response to losing its biggest… Continue reading Formula 1 Rules Under Scrutiny After a Pileup in Australia
Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Designed to accelerate the shift to electric cars among other climate goals, the Inflation Reduction Act has in practice made buying such vehicles a lot more complicated. In August, the law ruled out the full tax credit of $7,500 for electric vehicles and plug-in hybrids assembled outside North America. That may make it harder for… Continue reading Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’