FRANKFURT — The Porsche and Piech families are prepared to take a direct stake in Volkswagen Group’s Porsche brand if the sports-car unit is separately listed, two people familiar with the matter said. Such a move would loosen the families’ grip on VW Group in favor of direct ownership of the Porsche brand, which dates
Month: May 2021
A Nissan dealership in Virginia sold all five Leafs on its lot for a total of $4.95 last week. The upside for the store was that each buyer also paid full price for the least popular full-size pickup in the country, the Nissan Titan. The dealership, Hart Nissan of Nova in Springfield, advertised the two
3:25 PM ET ESPN News Services Written off as too old to race full time, too old for a fourth Indianapolis 500 win, Helio Castroneves at long last joined that exclusive club in a popular victory for the old guys. Then Spider-Man scaled the Indianapolis Motor Speedway fence for his trademark victory celebration at the
Italy’s Customs and Monopolies Agency has confiscated a Rolls-Royce Phantom that was destined for a company in Rome. According to the agency, the car was imported from Russia but was found to be equipped with a customized interior with crocodile skin on the seats, armrests and door panels. While it’s not uncommon to see customized
DETROIT — General Motors’ plan to restart most of its plants affected by the industry’s microchip shortage within about a month shows that the crisis might be starting to ebb. “It does suggest that things are improving — an early indicator that the industry maybe is starting to get on the other side of this,”
The pressure is on for companies such as Uber Technologies Inc. and Lyft Inc. to go greener — and at a faster pace. The hope is that the onus doesn’t fall solely on their drivers. This month, the California Air Resources Board approved the Clean Miles Standard and Incentive Program, which requires that ride-share companies
In today’s Electrek Green Energy Brief (EGEB): French oil giant Total changes its name to TotalEnergies to mark its shift to renewables. The first wind turbine has been erected at Hornsea Two offshore wind farm in the UK, and it will be huge. UnderstandSolar is a free service that links you to top-rated solar installers
The 1981 DeLorean DMC-12 time machine from “Back the Future” is the 29th car to join the National Historic Vehicle Register. Run by the Hagerty Drivers Foundation in collaboration with the United States Department of the Interior, the aim of the register is to “recognize and document” historically-significant vehicles, and the DeLorean-based time machine certainly
Volkswagen Group plans to create two new top posts to supervise its brands more closely, according to company sources. The automaker will install two new chief operating officers to oversee its premium brands and volume brands, the sources told Automobilwoche, a sister publication of Automotive News Europe. The group’s 12 brands include luxury marques Audi,
Pagani has produced some remarkable cars over the past 20 years but of them all, the Zonda Cinque is one of those that stand out from the rest. First introduced as a Coupe and limited to just five units worldwide, the Cinque was the ultimate version of the Zonda and was supposed to be the
7:08 PM ET INDIANAPOLIS — On Saturday morning, roughly 24 hours before the start of the 2021 Indianapolis 500, an impromptu meeting of Indy’s most exclusive club took place as the drivers meeting of this year’s 33 competitors was being adjourned. A.J. Foyt, Al Unser and Rick Mears, the only four-time winners over 104 years
Back in the 1930s, it was quite common for luxury cars like Duesenbergs to have spare wheels in their front quarter panels. Evidently, the owner of this Chrysler 300 has taken some inspiration from these cars. This bizarre 300 was recently spotted in a Walmart parking lot and images of it were predictably shared to
OYAMA, Japan — It is a familiar racetrack scene. But this time, Toyota has a new twist. The automaker’s petrol- head president, Akio Toyoda, is barreling down the straight at Fuji Speedway in a souped-up Toyota racer, clocking 140 mph with thunderous engine growls and bone-rattling vibrations before slamming on the brakes to tuck into
By now you’ve heard of mobility as a service. Aircraft manufacturer Aerion Supersonic has its eyes on “speed as a service” — that is, supersonic flight technology capable of connecting any two locations across the globe within three hours. Matt Cram, chief commercial officer at the Reno, Nev., company, says its approach to sustainability along
In the most recent humorous banana box test by Bjorn Nyland, the all-electric Mercedes-Benz EQA that was launched earlier this year in Europe has turned out to be much bigger than one might think. It’s not a big car, and the cargo capacity of the trunk is average – only six boxes fit inside. There
In this article BA LMT GM An artist’s concept shows an outline of the lunar vehicle design. Lockheed Martin | General Motors Lockheed Martin and General Motors are partnering to develop a new type of lunar vehicle for NASA to use during its upcoming Artemis missions to the moon, the companies announced on Wednesday. “Surface
After their adventure in Indonesia the year before, they decided to duplicate the tiny truck build in the USA. Can Fred Williams and Dave Chappelle chop and weld the Sammy into a longer, stronger off-roader? Stream Dirt Every Day NOW on the MotorTrend App. Start your free trial – https://motortrend.app.link/ZckCsnWUzeb #DirtEveryDay #MotorTrend MotorTrend is the
Automakers in the Indian automobile hub of Chennai will be allowed to keep operating, the state government said, amid protests by workers who fear catching COVID-19 in one of the country’s hardest-hit states. Tamil Nadu’s government on Friday extended a near-total lockdown as coronavirus infections and deaths rise in the southern state, where average cases
7:00 AM ET INDIANAPOLIS — Whenever the big, traditional sporting events pop up on the living room TV, from the Kentucky Derby to the Masters to those midweek midafternoon “WTH are they doing?” Olympic events, everyone loves that one guy in the room who is suddenly the expert on that sport, even though no one
Construction crews have been working hard to renovate Detroit’s Michigan Central Station in order to turn it into Ford’s technology headquarters. The building, finished in 1913, has proven to be a trove of small, historical treasures, though. The latest such historical knick-knack is a pre-prohibition era Stroh’s beer bottle stuffed with a letter. Unfortunately, although
Volkswagen Group plans to create two new top posts to supervise its brands more closely, according to company sources. The automaker will install two new COOs to oversee its premium brands and volume brands, the sources told Automobilwoche, the German affiliate of Automotive News. The group’s 12 brands include luxury marques Audi, Porsche, Bentley and
German megasupplier Bosch, which has long been establishing its expertise in artificial intelligence, is contributing to a few NASA projects that show just how much life in space and the auto world can converge. Bosch, alongside space robotics company Astrobotic Technology Inc., the University of Washington, wireless charging provider WiBotic and NASA’S Glenn Research Center,
By Simon Alvarez Posted on May 30, 2021 Company director Neil Collins and his wife Alison were driving home from their home in Bunwell to visit Holkham, England, in their Tesla Model 3 when something horrifying happened. While rounding a corner, the couple came upon a truck carrying pallets of concrete bricks, and the massive
In this article FORD Ford or General Motors? Investors may once again be asking themselves that question after Ford’s announcement Wednesday that it plans to boost its electric vehicle investments to $30 billion and target 40% EV sales by 2030. Earlier this year, GM said it hoped to go all-electric by 2035. Its stock is
The Mercedes-Benz 300SL gullwing coupe is an icon, which means original examples are very expensive. So one fan created a more-affordable tribute based on a modern SLK-Class convertible. First spotted by Motor1, the gullwing facsimile is currently for sale in South Africa through dealer Crossley & Webb. The car started out as a 2001 Mercedes-Benz
MEXICO CITY — Nissan is planning temporary work stoppages at three Mexican plants for several unspecified days in June because of production adjustments needed to manage a shortage of semiconductor chips. Nissan’s Aguascalientas Plant 1 will shut down for seven days in June, while the same facility’s Plant 2 will close for one day in
If you’re in the market for a premium performance sedan, you could go for a traditional, ICE-powered car like the BMW M5 CS, or embrace the future and choose one of a few all-electric models that are currently are there like the Audi RS e-Tron GT. To see which of the two is better, Chris
12:46 PM ET INDIANAPOLIS — Dear smart watch and pedometer manufacturers: I don’t want to tell you how to run your business, but you’re missing out on a sponsorship opportunity during Sunday’s Indianapolis 500. And I don’t mean slapping a sticker on any of the 33 race cars that will be roaring down the frontstretch
A police chase ended miraculously well after a scooter rider behaving erratically led police on a multi-city chase starting in Danvers, Massachusetts, and ending in Medford just north of Boston. CBS News followed the chase from its helicopter as the scooter was ridden down Insterstate 93 going the wrong way and weaving through oncoming traffic.
A trio of single-dealership transactions in the South and one near Columbus, Ohio, are among recent dealership buy-sells completed in April and May. Here’s a quick look at four transactions involving domestic- and import-brand stores. One also involves a new dealer. Stephanie Morris acquired her first dealership on May 5, buying James Hodge Chevrolet in
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