The Jaguar F-Type will bow out at the end of next year, bringing to an end 75 years of pure-combustion Jaguar sports cars – a lineage that stretches back to the record-breaking XK120. The F-Type arrived in 2013 as a replacement for the Jaguar XK, and will continue into its final year with the choice… Continue reading 2023 Jaguar F-Type 75 marks sports car’s final year
Category: US Motoring Press
UK car dealers make record profits per sale amid supply shortages
“I worry about supply coming back!” said Vertu CEO Robert Forrester in May Close News 5 mins read 11 October 2022 Access to this content requires a subscription to Autocar Business The Knowledge. To subscribe, please see below and to login please click here ]]> Basic Register Access to additional free article Regular newsletters… Continue reading UK car dealers make record profits per sale amid supply shortages
Nissan X-Trail
Peak system output is 201bhp. If it’s not too much of an oxymoron, think of it as a petrol-powered electric car, with an ICE providing the electricity, rather than a large battery charged from an external source, and you’re pretty much there. In a first in the X-Trail, the e-Power system is offered with four-wheel… Continue reading Nissan X-Trail
Red Bull and Aston Martin found guilty of F1 cost cap breaches
Red Bull has been judged guilty of breaking the Formula 1 cost cap in 2021 during Max Verstappen’s charge to his first world championship. Today’s delayed announcement, originally expected before the Japanese Grand Prix, confirms the Milton Keynes-based team was in breach of budget limitations that are central to the foundations by which modern F1… Continue reading Red Bull and Aston Martin found guilty of F1 cost cap breaches
Michigan suspends Novi car dealership Carvana’s license citing ‘imminent harm’ to public
The Michigan Department of State has suspended the license of the Carvana dealership in Novi for “imminent harm to the public,” a claim Carvana calls “baseless.” In a media release late last week, the state said Carvana LLC, owned by Paul Breaux and located off of Novi Road near I-96, committed several alleged violations of… Continue reading Michigan suspends Novi car dealership Carvana’s license citing ‘imminent harm’ to public
Here’s why UBS’s downgrade of Ford is misguided — and late
Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a dividend yield north of 5%, the Club is sitting tight. In a research note to clients, the bank warned that automakers like Ford… Continue reading Here’s why UBS’s downgrade of Ford is misguided — and late
GM and Ford shares fall after UBS downgrades on expectations for weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures. Ford’s stock was down by more than 8% during intraday… Continue reading GM and Ford shares fall after UBS downgrades on expectations for weakening demand
Rivian shares slumped after the company announced a big recall
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive fell sharply on Monday after the electric vehicle maker said late Friday that it is recalling more than 12,000 vehicles – nearly every EV it has made to date… Continue reading Rivian shares slumped after the company announced a big recall
State suspends license of Carvana dealership in Novi over alleged code violations
The Michigan Department of State has suspended the license of a Novi dealership for online used-car retailer Carvana “for imminent harm to the public,” according to a news release from the agency. The dealership in question — which in 2020 debuted with one of Carvana’s signature car “vending machines” — is at 26890 Adell Center Drive and has… Continue reading State suspends license of Carvana dealership in Novi over alleged code violations
Stellantis signs non-binding supply deal for raw materials needed for EV batteries
Jeep maker Stellantis NV on Monday announced it has signed a non-binding memorandum of understanding with a supplier for raw materials needed to build electric-vehicle batteries. The agreement between Stellantis and GME Resources Limited — which owns a nickel and cobalt project in western Australia — is the latest example of automakers moving to shore up… Continue reading Stellantis signs non-binding supply deal for raw materials needed for EV batteries