Autos
Volvo reveals new $80,000 electric SUV with Luminar lidar
Volvo’s plans to exclusively sell all-electric vehicles by 2030 kicked off Wednesday with the reveal of its EX90 – the first in a new lineup of EVs for the Swedish automaker. The carmaker is calling the seven-seat SUV its new flagship vehicle, starting at just under $80,000. The company said production of the car is […]
Read More
Europe shows a united entrance towards Biden’s Inflation Reduction Act, states it threatens market
German Federal Minister of Finance Christian Lindner (L) and French Minister of the Overall economy, Finance and Recovery Bruno Le Maire (R) the two criticized the U.S. inflation reduction act for discriminating against European companies. Thierry Monasse | Getty Pictures Information | Getty Photographs EU member states are standing resolutely business from President Joe Biden’s […]
Read More
UK’s first large-scale lithium refinery chooses location as race for ‘white gold’ intensifies
A lithium-ion battery photographed at a Volkswagen facility in Germany. Lithium-ion batteries are crucial components in electric vehicles. Jan Woitas | Picture Alliance | Getty Images LONDON — A facility described as the U.K.’s “first large-scale lithium refinery” will be located in the north of England, with those behind the project hoping its output will […]
Read More
Autos giant Renault is betting the market for gasoline cars will continue to grow
Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant. On Tuesday, it was announced that the Renault Group and Chinese firm Geely had signed a non-binding framework agreement to establish a company focused on […]
Read More
Twitter exec says there will before long be three sorts of accounts: formal, compensated, and unlabeled
Twitter item exec Esther Crawford revealed specifics about the way the social network’s new verification scheme will work on Tuesday, subsequent the company’s acquisition by Tesla and SpaceX CEO Elon Musk in late October. Some originally verified accounts will shortly activity an “official” label, she reported, although any person who pays $7.99 for every thirty […]
Read More
Electric vehicle maker Lucid reports third-quarter loss, confirms it’s on track to meet production guidance
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid Group on Tuesday reported that it lost $530 million in the third quarter but confirmed that it’s still on track to make between 6,000 […]
Read More
Auto loan delinquencies rise as loan-accommodation programs end
With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto loans in the U.S., said Tuesday the percentage of loans that are at least 60 days delinquent hit 1.65% in the third quarter, the […]
Read More
Renault and Google crew up to produce a ‘software defined’ auto
Facts of Renault’s Scénic Vision notion vehicle had been offered to the community on May 19, 2022. The firm’s thought of acquiring a passenger car or truck that takes advantage of hydrogen technology is not special. Benjamin Girette | Bloomberg | Getty Photographs French automaker Renault is partnering with Google to create its vehicles like […]
Read More
From Teslas to BMWs, automobiles are piling up on land and at sea in German port of Bremerhaven
Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the primary roll on/roll off port in Germany and just one of the major auto hubs in the environment, is enduring gridlock. The mixture of the lack of drivers to transfer containers and automobiles out of the port and large volumes of normal trade […]
Read More
Carvana stock tanks 20% in continued sell-off
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Carvana were briefly halted Monday due to volatility, down more than 20% to below $7 per share — its lowest point on record. Carvana stock posted its worst day ever Friday after the company missed […]
Read More