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Tesla Inc. on Wednesday reported third-quarter net income of $331 million, extending its record streak of profitability to a fifth quarter as it aims to deliver half a million vehicles in 2020. The electric vehicle maker reported a 39 percent jump in revenue to $8.8 billion. It was aided by $397 million in regulatory credits
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Finally! Finally, Cadillac has been allowed to deliver what we’ve always believed it’s capable of. For well over a decade now, the brand has brought us incredible bones, incredible performance, and incredible handling, but faltered on the luxury, on the details. The 2021 Cadillac Escalade sets things right, and not a moment too soon. We’ve
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Volkswagen of America will increase the base price of its freshened Arteon midsize sedan by $1,175 for the 2021 model year after redesigning the sedan’s cockpit, upgrading its infotainment system and improving its driver-assistance offerings. The German brand said the price will jump to $38,190 for the base-level 2021 Arteon SE, including shipping. The price
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Editor’s note: All currency figures in this story have been translated from Canadian dollars to U.S. dollars at current exchange rates. Fiat Chrysler Automobiles workers represented by Unifor ratified a new three-year contract that includes up to $1.2 billion in planned investments in Canada, the union said Monday. Negotiations with General Motors Co. will kick
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LOS ANGELES — The evolution of an auto brand is never complete, but Acura marked a major milestone last week in a decade-long journey to put some significant distance between itself and its corporate sibling, Honda. Acura unwrapped the redesigned MDX crossover in a virtual presentation, marking the fourth and penultimate vehicle in its lineup
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Pros Comfy seats Quick bursts of power Good hybrid brakes Cons Frustrating capacitive controls Can’t tow Excessive tire noise When the luxurious Lexus RX is out of reach, Toyota might have the next best thing. The 2021 Toyota Venza wraps the RAV4 Hybrid‘s powertrain in a longer and more premium package, providing buyers in the
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SHANGHAI — Visiting dealerships in China these days, you can’t help feeling a sense of euphoria. Even as COVID cases in the United States rise again, China’s automotive retail market is showing every indication that it is returning to a pre-pandemic reality. Take the cluster of dealerships on Wuzhong Road in southwest Shanghai. In February,
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TOKYO — Just as critics were wondering about the viability of General Motors’ fuel cell truck partnership with electric heavy-truck startup Nikola, two Asian competitors jumped headlong into the segment. This month, Hyundai and Toyota each unveiled plans to ramp up development and commercialization of hydrogen-fueled commercial vehicles to be launched from North America to
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Back in 1968, they called them “sporty,” but for the six pack of cars Motor Trend editors tested for the January 1968 issue—the Ford Mustang, Chevy Camaro, Plymouth Barracuda, Pontiac Firebird, AMC Javelin, and Mercury Cougar—muscle car is now the far more appropriate term. Interestingly, of the nameplates featured in the story we’ve pulled from
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Billionaire Robert F. Smith has been hailed as a brilliant investor who built Vista Equity Partners into a private equity powerhouse and a generous philanthropist lauded for paying off the student debt of Morehouse College’s entire graduating class last year. But federal prosecutors undercut that image on Thursday, saying Smith concealed income and evaded taxes
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Pros Thrilling driving experience Comfortable day-to-day driving Fancy technology Cons Cargo room Ingress/egress to/from tight third row Need a family SUV that’s comfortable to drive around town but has a dose of performance? The Audi SQ7 will deliver exactly that. With its 4.0-liter twin-turbo V-8, Ingolstadt is delivering the more powerful version of its three-row
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Ford of Europe said it will join an open emissions pool with other manufacturers to bring down its CO2 levels and avoid fines in the region after it was forced to stop sales of its key low-emissions model, the Kuga plug-in hybrid.Ford did not say which manufacturer it would join, but Renault has filed notice
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Asbury Automotive Group said Wednesday it expects to report a rise in adjusted net income of more than 70 percent on a per-share basis for the third quarter. The increase comes in the wake of Asbury’s August purchase of Park Place Dealerships, the largest acquisition in company history. Asbury, the seventh-largest U.S. dealership group as
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Where’s Sean Evans, host of Hot Ones, when you need him? Because Travis Pastrana‘s latest Subaru WRX STI track toy is both hot and loaded with wings. Built by Subaru and Vermont SportsCar for Pastrana’s upcoming turn at the helm of Hoonigan Racing Division’s Gymkhana series, this Subie sedan trades all pretense of practicality for additional performance heat.
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We’re a nimble bunch at MotorTrend. The global health crisis has affected our daily reality. Mobility is limited. Fear of mass-spread infection events is high. We take this crisis and the safety of our testers, editors, photographers, and videographers very seriously. But we also take seriously our obligation to provide our readers with the best,
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