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
Category: US Motoring Press
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”
Kimera Evo37
The engine is the star of the show, ahead of the chassis or even the aesthetic of the Evo37. The individual of interest here is Claudio Lombardi. He’s the man who led the powertrain development on the Group B 037 while head of engineering at Lancia. He then moved to Ferrari’s Formula 1 operation in… Continue reading Kimera Evo37
Aston Martin to cut 170 jobs as new CEO targets cost savings
Aston Martin said it will cut 170 jobs – amounting to 5% of its workforce – amid a drive by new CEO Adrian Hallmark to finally make the company consistently profitable. The cuts will save Aston Martin around £25 million a year, with the full effect seen in 2026, Hallmark told investors on its end-of-year… Continue reading Aston Martin to cut 170 jobs as new CEO targets cost savings
New AC Cobras to be built at former Saab facility
AC has partnered Swedish firm T-Engineering to boost production of its new Cobra GT Roadster and Cobra GT Coupé. T-Engineering was established in 2011 by former Saab engineers, following the collapse of the Swedish car maker. It’s based at the historic Trollhättan facility and is owned by Chinese car maker Dongfeng, which purchased a 70% stake… Continue reading New AC Cobras to be built at former Saab facility
New Volvo ES90 to offer 434 miles of range
The ES90, due to be revealed on 5 March, will be the fifth series-production electric Volvo model to be offered in the UK – following the EX30, XC40/EX40, C40/EC40 and EX90 – but it’s the first that isn’t an SUV. (Volvo also offers the EM90 MPV in China.) That reflects the current sales dominance of… Continue reading New Volvo ES90 to offer 434 miles of range