Virgin Hyperloop is scrapping plans to hold passengers with its Hyperloop transportation system and can as an alternative give attention to cargo hauling, the Monetary Instances reported. Final week, the Richard Branson-backed firm additionally laid off 111 workers, based on the report. In an announcement to the Monetary Instances, Virgin Hyperloop mentioned the layoffs will
Month: February 2022
FRANKFURT/BERLIN — Volkswagen Group and its high shareholder Porsche Automobil Holding SE have entered a framework settlement for a doable inventory market itemizing of iconic sports activities automotive model Porsche, edging nearer to what may turn into one of many world’s largest inventory market debuts. “The automotive business is altering basically. Volkswagen is decided to
2:00 PM ET BARCELONA, Spain – Haas will run a plain white automotive, minus any of its Uralkali branding or Russian flag colors, for the ultimate day of F1 testing on Friday. Russia’s army launched a long-feared invasion of Ukraine early Thursday, attacking its ex-Soviet neighbour from a number of instructions regardless of warnings of
Richmond police say they had been in a position to cease a deliberate “takeover” of the town because it was taking place. The occasions began at 9 PM on February 19 at varied areas across the metropolis. The occasion, which in accordance with Instagram posts was hosted by @mission.RVA.takeover, was attended by roughly 300 drivers
On-line used-vehicle retailer Carvana, pressed in latest months to broaden its automobile reconditioning capability, stated Thursday it plans to purchase the ADESA U.S. bodily wholesale public sale enterprise from KAR World Inc. for $2.2 billion in money. The transaction would give Carvana unique use of the ADESA.com market within the U.S., plus all public sale
Not lengthy after the police division within the city of Nitro, W.Va., added a Tesla Mannequin 3 to its fleet of twenty-two patrol automobiles final summer season, the cruiser was concerned in a 20-minute pursuit that reached speeds over 100 mph. The incident gave the town’s police officers a real-world take a look at how
On this article TSLA Tesla Inc. CEO Elon Musk arrives for a S.E.C. listening to on the Manhattan Federal Courthouse in New York, April 4, 2019. Eduardo Munoz | Reuters A U.S. federal district decide rejected Elon Musk’s try and convey the Securities and Trade Fee earlier than the courtroom in an order out Thursday.
The Canadian automotive business should reform its ranks to grow to be extra consultant of the varied set of shoppers it serves, business specialists say. “It’s not solely the proper factor to do, but it surely’s a must-do,” mentioned Steve Milette, president of Nissan Canada Inc., who was amongst 4 business leaders to take part
On January 12, Secretary of the Inside Deb Haaland introduced that the Bureau of Ocean Vitality Administration (BOEM) would maintain an offshore wind vitality public sale for greater than 488,000 acres within the New York Bight. It’s nonetheless beneath manner, and bids have now collectively reached round $2 billion. That is the primary offshore wind lease sale
Mercedes-Benz hopes to introduce Degree 3 autonomous driving within the U.S. this 12 months, CEO Ola Kallenius mentioned, after profitable certification in Germany for the know-how final 12 months. “It’s our goal to roll out this know-how this 12 months,” Kallenius informed reporters on Thursday throughout Mercedes’ 2021 outcomes name. Mercedes has been conducting checks
9:46 AM ET BARCELONA, Spain — Components One world champion Max Verstappen has accused the FIA of throwing Michael Masi “beneath the bus” after the governing physique introduced the previous F1 race director will probably be changed this 12 months. Masi oversaw the controversial season finale in Abu Dhabi final 12 months during which Verstappen
A brand new Audi RS6 Avant has been destroyed within the German city of Gundelsheim after the automotive’s proprietor inadvertently drove it into the Neckar river. The incident occurred on February 13. It’s understood that the 37-year-old proprietor of the RS6 parked it subsequent to the river to have a rest room break. Nonetheless, after
Dealership expertise firm Automobiles.com posted a $6 million web loss within the fourth quarter, which it stated was primarily associated to its November acquisition of automotive monetary expertise firm CreditIQ. The Chicago-based firm stated Thursday that the online loss for the quarter ended Dec. 31 in contrast with web earnings of $7.2 million in the
On this article @PA.1 A chip made by Taiwan Semiconductor Manufacturing Firm TSMC Russia’s invasion of Ukraine might additional pressure the provides of semiconductor chips which have already triggered international manufacturing disruptions for tech firms and automakers for greater than a yr. Russia and Ukraine are important suppliers of neon gasoline and palladium which might
Eric Boutin has been a fan of Volkswagen since he purchased his first automobile, a 1974 Tremendous Beetle. However the Montreal native couldn’t have imagined then that the corporate behind that iconic automobile would take him on a profession journey to 2 very totally different components of the world. Boutin, 43, and his household moved
Automotive provider Magna says it has developed a drop-in electrical powertrain and four-wheel-drive system for pickup vans and lightweight industrial autos. Introduced in January, Magna says it would attain manufacturing by 2025. Whereas a number of automakers are planning electrical half-ton pickups, Magna’s resolution, referred to as EtelligentForce, is designed for heavy-duty three-quarter ton and
The upcoming Volkswagen ID. Buzz has not been launched but, however carwow managed to… launch it from 0 to 60 mph (96.5 km/h) throughout the preliminary take a look at drive. The camouflaged pre-production model (the 5-seat passenger one) with a 150 kW rear-wheel drive unit accelerated 0-60 mph in 9.78 seconds, in response to
BERLIN — Audi is recalling 100,000 vehicles resulting from an issue that won’t have been correctly repaired in an preliminary name again and will now probably result in alterations within the wheel alignment of the rear axle. Audi recalled some A4, A5, A6, A7, A8, Q5, Q7, Q8 and e-tron fashions constructed between 2019 and
5:44 PM ET Related Press ST. PETERSBURG, Fla. — Not less than six drivers with IndyCar roots will compete within the second season of Tony Stewart’s all-star racing league, together with a stunning one-off look by a present Staff Penske driver. Two-time IndyCar champion Josef Newgarden was given permission by Penske to race within the
Kellie Rockwell, a driver caught in a snow squall that hit the Redford, Michigan, space on Sunday, February 13, experiences that she is being charged greater than $9,000 by a tow firm after pulling her from the scene of an enormous pileup. Rockwell was heading east on I-696 when she was caught in a 50
WASHINGTON — The U.S. Postal Service has finalized a contract to exchange its mail-truck fleet with nearly all gasoline-powered fashions, drawing an offended response from Biden administration officers who unsuccessfully pushed the company to purchase electrical automobiles as a substitute. The file of determination signed Wednesday represents the fruits of a failed lobbying effort by
CHANDLER, Ariz. — On a visit that bore some resemblance to a trans-Atlantic red-eye, I stared out the window and watched the town go by. A contact display perched on the seat again illuminated an in any other case darkened cabin. An engine’s hum offered a gradual soundtrack. And a machine I had no direct
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, Might 19, 2021. Rebecca Cook dinner | Reuters Ford Motor has no plans right now of spinning off its electrical car or gasoline-powered car companies, CEO Jim Farley stated Wednesday. His feedback come lower than every week after Bloomberg Information
MILAN — Stellantis made a quick begin in its first yr after the merger of Fiat Chrysler Cars and PSA Group, with the world’s No. 4 automaker reporting profitability and advantages from the mix that exceeded targets. The Chrysler father or mother firm mentioned internet revenue almost tripled to $15.2 billion (all figures in USD)
When Fred Williams and Dave Chappelle discover their previous van derelict on a good friend’s ranch, they determine to deliver it to the store and rebuild it right into a scratch-built ranch truck. The 1979 Ford Van had seen higher days, however on this episode of Dust Each Day offered by Tire Rack, the fellows
By Joey Klender Posted on February 23, 2022 Tesla is being sued by an ex-employee of the Fremont manufacturing facility and Gigafactory Nevada after the employee alleges he was fired for reporting racial points and security discrepancies on the factories. Marc Cage, an African American who labored at Gigafactory Nevada and Fremont, first claimed to
TURIN — Stellantis CEO Carlos Tavares mentioned the automaker was in a position to scale back its break-even level to lower than 50 % of its put in manufacturing capability within the last months of final 12 months. It did so to guard Stellantis from “chaos” created by the mix of the chip scarcity, rising
8:03 AM ET BARCELONA, Spain — Charles Leclerc put Ferrari prime of the timing sheets on the opening morning of Formulation One’s preseason exams. There’s rising pleasure round Ferrari’s 2022 automobile and, though the primary day hardly ever offers a very correct image of the aggressive order, it was a flawless begin from the Italian
If you happen to’ve ever had nightmares a few drawbridge opening when you have been on it, you may need to look away as video has emerged of a scary incident that happened on the Ocean Avenue Bridge in Lantana, Florida final October. Obtained by WPTV, the clip reveals a bicyclist and Honda Accord touring
California Legal professional Basic Rob Bonta final week tore into assured asset safety protection and backed a brand new invoice to manage the auto finance and insurance coverage product. An lawyer normal’s workplace information launch Feb. 16 known as GAP “a pricey add-on product of little worth to customers” and “a foul deal” until a
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