Month: September 2019

Elon Musk’s ballyhooing about Tesla Inc. possibly setting another vehicle-deliveries record may have diverted attention from the potential for a less-flattering trend: falling revenue. Analysts at Credit Suisse and RBC Capital Markets are among those predicting Tesla will post lower revenue for the third quarter than a year ago. If there is indeed a decline,
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TOKYO — Secret contracts, backdated letters, creative accounting, financial red herrings — those are just some of the allegations outlined in the fraud complaint that Carlos Ghosn settled for $1 million with the U.S. Securities and Exchange Commission last week. The American complaint offers the most detailed narrative yet of how the former Nissan chairman
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CHICAGO — When Katherine Johnson Cannata was a teenager answering phones at her father’s dealership in Clarksville, Tenn., the shop foreman asked her whether she would come back and work in the business after college. “Probably not,” the young Cannata said. “Why would I?” More than 35 years later, Cannata, 51, has figured out the
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The 2020 Dodge Grand Caravan may appeal to drivers who want a new van at a low price,but its sticker and its utility are overshadowed by low safety scores. The 2020 Dodge Grand Caravan is the oldest minivan for sale today. New back in the last decade, it’s been surpassed by minivans from other brands—most
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A man in Spain was arrested by police last Sunday in possession of more than 1,000 marijuana plants before claiming that they were simply “peppermint,” News Week reports. The police stopped a van being driven by the man in the Arganzuela district of Madrid after witnessing him pull an “irregular maneuver.” Shortly after he was
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Tesla likes to shock and awe with boundary-pushing self-driving features, and the “Smart Summon” capability included in the automaker’s latest software update for customer cars seems designed to blow people away. Well, hopefully not literally, given how the feature enables owners with Model 3, Model S, and Model X vehicles equipped with Tesla’s semi-autonomous AutoPilot
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ATLANTA — Rivian, the electric- truck startup that keeps attracting support from the industry establishment, is looking to offer a subscription service as part of its factory-direct retail model when it launches next year, its CEO said here last week. Subscriptions have emerged as a new model in the luxury sector to give customers access
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The UN-supported IPCC releases a somber report about the state of our oceans. Why do so many adults find teenage activist Greta Thunberg a threat? The Covering Climate Now media project wrapped up, with some outstanding work. Philadelphia airport may have a big problem with rising waters in the near future. Florida is holding an
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GAYDON, England — Jaguar has opened a new design studio as part of wider overhaul of Jaguar Land Rover’s UK engineering center. The studio gives the brand’s design team access to more technology in a far bigger and more collaborative space than the brand’s previous location. The building will allow us “to design the very
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The 2020 Jeep Compass is a ‘tweener crossover SUV. It’s not quite as small as a Renegade, not quite as large as a Cherokee.  With good looks and capability but compromises in safety and performance, we give it a middle-of-the-road 5.3 out of 10 overall. (Read more about how we rate cars.) For 2020, the
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DETROIT — The contract offer that General Motors made public just before the UAW went on strike effectively set the minimum for what workers expect from the automaker. But the longer the strike has dragged on, the more expectations have grown. Getting contracts ratified already looked like a bigger challenge than usual going into this
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The masterminds at Koenigsegg have once again demonstrated the ferocious capabilities of their carbon-fiber hypercars, sending a Regera from zero to 400 kph (249 mph) and back to zero in record time. See all 44 photos First, some background. The Bugatti Chiron—commonly considered something of a fast car—was once measured to accelerate to 400 in
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After much speculation, the 2nd generation Toyota 86 and Subaru BRZ are now officially confirmed. Toyota and Subaru made a joint announcement today outlining the continuation of their partnership, which sees both brands collaborating on new products including a number of all-wheel-drive-equipped models and a range of electrified vehicles. As part of the alliance’s growth,
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CHICAGO — Cutting costs and adding stores are two ways auto dealers are preparing as speculation swirls about an impending U.S. recession. Take Zeigler Auto Group. The Kalamazoo, Mich., group of 26 stores picked up a couple of dealerships last year and is pursuing opportunities to add more, President Aaron Zeigler said. Bulking up could
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