Category: US Motoring Press

UK vehicle production drops 18% year on year

UK vehicle production fell again in January as the sector faced – and continues to face – an array of global headwinds. These challenges are the result of softening demand for cars in key export markets, which has led manufacturers to slow new model rollouts and instead focus efforts on retooling factories for new-age EVs, said the Society of… Continue reading UK vehicle production drops 18% year on year

McLaren W1 to focus on real-world fun over ‘Top Trumps numbers’

The new McLaren W1 hypercar will not chase “Top Trumps numbers” but instead prioritise driver engagement and tractability in the real world. Although its 4.0-litre turbocharged V8 engine and electric motor combine for a bombastic 1258bhp, it’s electronically limited to a top speed of 217mph. This figure matches the W1’s predecessor, the P1. It’s also 23mph… Continue reading McLaren W1 to focus on real-world fun over ‘Top Trumps numbers’

Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow

Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that the carmaker would benefit from the more than $250 million that its chief executive, Elon Musk, spent to support the Trump campaign. But an 8 percent decline in Tesla’s stock on Tuesday all but wiped… Continue reading Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow

Tesla Moves One Step Closer to Self-Driving Cars in China

Elon Musk, the chief executive of Tesla, tried for years to persuade Chinese regulators to let him offer self-driving capabilities in one of the company’s most important markets. After a series of false starts, Mr. Musk is now closer than ever. Tesla said on Tuesday that some drivers in China would be able to use… Continue reading Tesla Moves One Step Closer to Self-Driving Cars in China

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Shares of electric vehicle maker Lucid Group were down more… Continue reading After abrupt departure of Lucid CEO, here are the EV maker’s top priorities

GM raises quarterly dividend, initiates $6 billion stock buyback

watch now DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits. GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival… Continue reading GM raises quarterly dividend, initiates $6 billion stock buyback

Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit

Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings. The mutlinational conglomerate, which… Continue reading Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit

Car Sales in Fast Lane; February wholesales seen nearing 4 lakh-unit mark

The intense rush for channel restocking among car manufacturers is likely to sustain the momentum of passenger vehicle dispatches in February, potentially propelling the domestic wholesale volume towards the 4-lakh unit mark again in the second month of 2025. According to industry sources, dispatches by carmakers are estimated to be between 3.95-4 lakh units in… Continue reading Car Sales in Fast Lane; February wholesales seen nearing 4 lakh-unit mark

Outgoing Lucid boss explains why “most EVs suck”

“I think this is very important,” Rawlinson says, “because if you look at the amount of electricity it takes to mobilise cars, I don’t think that’s an issue. The average person may travel about 20-30 miles a day, because not everybody is doing long commutes.  “Lucid can do five miles per kilowatt hour now [on the… Continue reading Outgoing Lucid boss explains why “most EVs suck”