DETROIT — Ford Motor Co. on Wednesday reported third-quarter net income of $2.4 billion and raised its full-year forecast even as it readies for a number of major product launches in the coming months. The automaker’s adjusted earnings before interest and taxes in the quarter more than doubled from the same period a year ago
Just a few days after the Brabus Rocket was unveiled to the world, a handful of automotive journalists have had the opportunity to put it through its paces. Priced from €427,000 ($504,000), the Brabus Rocket is not cheap. In fact, its price makes other fast sedans like the BMW M5 Competition seem like a bargain
PARIS — Ahead of their pending merger, Fiat Chrysler Automobiles and PSA Group have formed an emissions pool for light commercial vehicles that will allow them to combine sales for the purposes of meeting EU greenhouse gas reduction goals. FCA is the manager of the pool, according to European Commission documents posted this week. It
The SSC Tuatara might be the fastest production vehicle on the planet, but the record isn’t yet official. SSC claims it set a new production-vehicle land-speed record of 316.11 mph on Oct. 10. Two weeks after the record attempt, the Washington-based automaker has yet to have an independent third party verify and certify the GPS
A hilarious video out of the UK has resurfaced on social media showing the conversation between the driver of a blue Peugeot that had just crashed and a passerby. This clip was first posted to YouTube in early 2019 and starts by showing the blue French hatchback sitting in a ditch on the side of
The coronavirus and its recession had nothing on the three biggest U.S. auto retailers in the third quarter. Thin inventory and strong demand sent gross profits soaring on both new and used vehicles for AutoNation Inc., Penske Automotive Group Inc. and Lithia Motors Inc., all of which reported record results with bottom-line increases topping 80
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
The National Independent Automobile Dealers Association said Wednesday that it has chosen auto-retailing outsider Bob Voltmann as its next chief executive, effective immediately. The announcement ends a more than two-month search by the NIADA board of directors to replace former CEO Steve Jordan, who resigned in August to join KAR Global as executive vice president
The EPA’s official website includes now range and efficiency ratings for the latest Tesla Model 3 versions after the most recent changes. The new numbers for the Long Range all-wheel drive and Performance versions confirm Tesla’s estimated range. At the moment there is no new rating for the Standard Range Plus version. The new Tesla’s are
The latest attraction at Yellowstone National Park will have nothing to do with majestic mountains or gushing geysers. Beep, a Florida-based mobility-services operator, says it will deploy two autonomous shuttles at the park starting in May 2021. The pilot program will be operated in conjunction with the National Park Service and help provide transit in
J.D. Power’s 2020 Q3 Mobility Confidence Index found that North American vehicle owners have not changed their opinions on battery-electric vehicles or self-driving technologies. The study, fueled by SurveyMonkey and released Tuesday, said “consumers remain skeptical because of their lack of firsthand experience with these technologies and lack of education about how and why these
The Audi RSQ8-R from ABT is one heck of a performance SUV and, as this POV review reveals, it is so fast it can go up against quite a few supercars. ABT will build just 125 examples of its RSQ8-R. Each unit has an ABT Engine Control system and a unique intercooler that increases the
LONDON — Jaguar Land Rover has set aside 90 million pounds ($118 million) to pay a likely European Union fine for failing to meet its CO2 emissions reduction target. The automaker expects to miss its goal because of delays in launching new plug-in hybrid vehicles, which emit less CO2 than diesel and gasoline models. “We
Jaguar on Tuesday unveiled an updated version of its E-Pace. The compact crossover SUV was already one of the best-looking options in its segment, and for the 2021 model year Jaguar has combined the good looks with a few new tech features in the cabin and under the hood. The E-Pace only arrived for 2018
The driver of a truck has been killed in a shocking hit and run crash in Alabama in October 6. Dramatic dashcam footage released by the Birmingham Police Department shows a small white vehicle slam into the side of a silver car. The force of this impact sent the silver car into the cab of
TOKYO — Kia’s new global boss, Ho Sung Song, has embarked on a five-year plan to realign the South Korean automaker’s world business around electric vehicles and new mobility, all while building a younger customer base and moving upmarket. And if that makes its bigger sibling Hyundai a little uncomfortable? Well … so be it.
Aston Martin’s shares have crashed since the company was floated on the London stock market in 2018 at £19 each. By the time chief executive Andy Palmer was eased out in May, the price was down 94% as investors bailed on fears over falling sales and rising costs.
By Eric Ralph Posted on October 27, 2020 SpaceX has officially begun rolling out what it’s deemed a Starlink internet “Better Than Nothing Beta” across the United States and Canada. The culmination of a mere 11 months of dedicated Starlink launches, SpaceX says that the constellation – some 820 satellites strong – is now large
DETROIT — General Motors’ defense subsidiary, which delivered its first Infantry Squad Vehicle Tuesday to the U.S. Army, could soon use GM’s electrification development for various military applications. The truck delivered Tuesday is the first major product for GM Defense since it was reestablished by GM in 2017. The original GM Defense, which helped U.S.
Volkswagen of America has hired former American Honda executive Ray Mikiciuk as its new senior vice president of sales. In the role, Mikiciuk will lead the German brand’s sales delivery, operations and planning in the U.S. and will report to Duncan Movassaghi, executive vice president of sales and marketing for Volkswagen of America. Mikiciuk spent
Even a pandemic can’t stop the Wienermobile. Oscar Mayer briefly sidelined its 300-hp frankfurters in the spring, but the company “decided that being a source of frivolity during trying times is part of its DNA,” The New York Times reported last week. So all six Wienermobiles, most of which ride on a Chevrolet chassis with
Nissan has redesigned the Rogue (aka X-Trail overseas) for the 2021 model year, and with the compact SUV arriving at dealers at the end of the month, it’s time to take a closer look at it. Sporting new looks and improved interior comfort, it is offered in four trim levels, starting with the S, which
FRANKFURT — Prosecutors in Stuttgart have dropped a market manipulation investigation into former Volkswagen Group CEO Martin Winterkorn, deferring to a criminal case against him in the city of Brunswick. Prosecutors in Stuttgart had looked at whether Winterkorn had manipulated markets by delaying the disclosure of VW’s emissions scandal in 2015. VW in September that
Automaker badges are important brand symbols, but the physical emblems installed on cars are often ordinary plastic. That’s not the case with Bugatti. The “Macaron” badge that graces the prow of every Bugatti Chiron is made from 150 grams of sterling silver, and takes 10 hours to make, the automaker explained in a press release
The Russian owner of a Mercedes-AMG GT 63 S has set his luxurious four-door alight in a protest directed at the German car manufacturer. This particular GT 63 S is owned by a Russian vlogger by the name of Mikhail Litvin who has almost 5 million subscribers on YouTube. In just a couple of days
Volkswagen Group’s proposed $3.7 billion bid to acquire the assets of Navistar International could eventually have interesting implications for SUV and pickup fans — as well as dealers. The International brand didn’t always just make semitrucks, school buses and other large vehicles. It was an SUV pioneer that had the misfortune of exiting the consumer
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
The Nissan brand scored at the top among non-luxury brands in the 2020 Automotive Reputation Report. Subaru, Toyota, Ford and Mini rounded out the top five for 2020, the second year for the report. Reputation.com ranks 18,000 automotive brands and dealerships in the U.S. on a scale of 0 to 1,000 based on visibility, sentiment
Fiat recently introduced its third body version of the new 500 model – the 3+1, with small rear doors – which will join the hatchback and cabrio, unveiled earlier this year. The 3+1 is 30 kg heavier than the standard 500, but there are no significant differences in other areas. All three types willt be
John Staluppi Sr. says he has no immediate plans to retire. But the megadealer went on the hunt this year for an equity partner for his dealership group, one of the nation’s largest. Staluppi, 73, found that partner in LMP Automotive Holdings Inc., of Fort Lauderdale, Fla., a vehicle subscription provider and used-vehicle seller that
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