Autos

Car Dealerships Brace for Bad 2023

Ol’ Gil won’t be eating next year. A new survey of 1,000 US car dealerships revealed a gloomy forecast as consumers who’d previously been clamoring for hard-to-find cars are now switching off, just as supply starts to catch up to…

Renault and Geely Announce Joint Venture for Combustion Engines

(Photo Credit – Martin Katler/Unsplash)

Looking to jump-start its business, French automaker Renault is turning to China. In a major restructuring, Renault announced Tuesday it will partner with Chinese company Geely and split its combustion engine and electric vehicle divisions into two separate stock market…

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Uber Signs 10-year Deal with Motional for Driverless Cars

Uber takes another crack at robotaxis.

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Carmakers Circle as Vale Weighs Selling a Stake in Metals Unit

Carmarkers dig deep for nickel.

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Hertz and BP Partner to Install Thousands of EV Chargers; Gov’t Funds Its Own Network

Two major electric vehicle charging projects, one private and one public, will put thousands of new stations on the map in America.

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Volvo Rolls Out Expensive Radar Technology Across Models

Volvo to roll out Lidar tech to its entire fleet.

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Ford Wants to Prioritize EVs at its Dealerships

Ford dealers have a big EV decision ahead of them.

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Rising Battery Prices Squeeze EV Makers’ Cash Reserves

Do electric vehicle manufacturers have enough cash to stay alive?

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Auction House Christie’s Becomes a VC

The latest hot tech fundraising round is going once, going twice, and sold to the rather fancy-looking chaps with the wooden paddles. Well not exactly, but Christie’s is going to hang some equity agreements next to the Basquiats and Picassos…

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Porsche Revs Up Margin Forecasts, Investors Still Skeptical About IPO

With the official name Dr.-Ing. h.c. F. Porsche Aktiengesellschaft, luxury automaker Porsche is a testament to why brand marketing exists. On Monday, the company was busy touting its economic brand. In advance of an IPO later this year, executives said…

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GM, Tesla Strike New Partnerships to Expand EV Infrastructure

Interest and demand for electric vehicles in the US continues to increase — especially with the recent energy crisis that’s turned every trip to the gas station into a painful exercise. But meeting that demand, and supporting the growing network…

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