Month: April 2020

Ford‘s Lincoln luxury division and promising EV-maker Rivian won’t be working together on a Lincoln-branded electric SUV using Rivian’s skateboard platform, after all. The abandonment of the two automakers’ plans that were only announced this past January comes as a surprise—although apparently, Ford’s broader tie-up with Rivian (and use of its EV platform) is unaffected
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FRANKFURT — Continental is postponing the planned listing of its powertrain unit Vitesco Technologies, citing ongoing economic uncertainty. Shareholders will not be asked to sign off on the plans for a Vitesco spinoff at the annual general meeting on July 14 and the deal will not take place this year, Continental said in a statement
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The German auto industry is readying proposals for a new scrappage program to counter a sales slump that risks choking off production restarts at factories across Europe’s biggest economy. The state premiers of Lower Saxony, Bavaria and Baden-Wuerttemberg, home to Volkswagen, BMW and Daimler, are expected to consult this week on a joint strategy ahead
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Every car in the 2011 Motor Trend Best Drivers Car competition was lapped around Mazda Raceway Laguna Seca by hot shoe Randy Pobst. Our next competitor, the Ferrari 458 Italia. For more on the 458 Italia’s lap around Laguna Seca, including Randy Pobst’s track notes, click here: http://www.motortrend.com/features/performance/1108_2010_ferrari_458_italia_best_drivers_car_contender/ Also find Motor Trend on: Tweets by
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SAO PAULO — Global automakers seeking emergency financing for their plants in Brazil have reached an impasse with several state and private banks, after the lenders demanded collateral from the parent companies, two sources told Reuters. The sources said the carmakers have balked at the request, delaying any decision on the billions of Brazilian reais
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FRANKFURT — Volkswagen Group said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge. Operating profit before special items in the quarter fell 81 percent to 900 million euros ($977 million) from 4.8 billion in the same period last year, VW said in a statement
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DETROIT — Ford Motor Co. is postponing its autonomous vehicle commercial services until 2022 due to the coronavirus pandemic and could ultimately change what services it offers once the crisis passes. Ford previously planned to launch self-driving vehicles for commercial use, such as package delivery, at some point in 2021. The company, in partnership with
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The Tesla Model X 100D Performance isn’t exactly a track car. Even with the so-called “Raven” update that arrived in 2019 and saw it and its Model S stablemate receive more powerful, more efficient motors, adaptive suspension, and silicon carbide (SiC) power electronics, among other things.  Sure, it’s quicker than the non-Performance version around a closed circuit,
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TOKYO — Nissan, already reeling from plunging profits and sales before the COVID-19 pandemic hit, is warning that the global outbreak could deliver a net loss of close to $1 billion. Nissan will sink to an operating loss of between 35 billion yen to 45 billion yen ($324.6 million and $417.4 million) and book an
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