Month: January 2020

Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m. A consortium led by billionaire Lawrence Stroll will put in £182m, with the rest of the money coming from existing investors. Mr Stroll partly owns the Racing Point Formula 1 team, which will be branded Aston Martin from 2021 under
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SAN FRANCISCO — What would transportation look like without the Model T? Cruise CEO Dan Ammann and his team pondered that question, and they envisioned a service that would get consumers around in a convenient, inexpensive and climate-friendly way.The result: “It’s self-driven. It’s all-electric. It’s shared. And it’s our answer to the question about what
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The 2020 Audi A5 is a stylish companion to the automaker’s staid A4, and it’s a hoot to drive. The 2020 Audi A5 is the suave, versatile brother to the workaday Audi A4 lineup. Available as a coupe, convertible, or practical five-door hatchback, the 2020 A5 has gorgeous lines with few compromises other than a
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Jannarelly, the Dubai-based company behind the stunning Design-1 sports car, is preparing for a significant expansion this decade and has appointed a new CEO to oversee it. The company on Thursday named Alexander Lee as CEO and announced plans to establish manufacturing and R&D facilities in the United States by 2021. Jannarelly currently assembles the
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Asbury Automotive Group has named a longtime employee who started as a management trainee as its next senior vice president of operations. Daniel Clara, 40, was appointed to the position effective Jan. 29, the public dealership group said late Thursday in a regulatory filing. Clara replaces John Hartman, a 30-year industry veteran who held the
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As originally reported by CarsDirect, Hyundai immediately followed up this week’s big official announcement with a whopping $11,500 discount. Not even a full day after Hyundai made pricing official for its 2020 Ioniq Electric and verified its upgraded range, which now beats the Nissan LEAF, the South Korean auto manufacturer is sponsoring appealing incentives. CarsDirect accessed
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Both Volkswagen of America and Audi of America have suspended monthly U.S. sales reporting and instead will report sales only quarterly, the two brands said in a statement Thursday. They will not report January sales on Monday, but instead will report first-quarter sales in April. “The U.S. auto industry has long seen itself in 30-day
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All-electric driving is hardly what it used to be. The 2020 Nissan Leaf was among the first electric cars to enter the mainstream consciousness, but not for all the right reasons.  Now two years removed from the bulbous hatchback with limited range, the new Leaf looks like a regular car—and it has a regular range. 
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Used-vehicle retailer CarMax Inc. is investing $50 million to buy a minority stake in Edmunds, the automotive retail research and vehicle-listing company. CarMax said Wednesday the move is mean to bolster its omnichannel retail strategy designed to meet and interact with shoppers wherever and however they’re shopping, across multiple channels, online and in store. “Edmunds’
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Mazda conquered the market for rotary vehicles in the United States from the north 50 years ago and has provided a steady stream of fun-to-drive cars to its dealers — along with more than one existential crisis — decade after decade. The journey at times was challenging for retailers, but never dull. The Japanese brand
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The 2020 Subaru WRX is a familiar friend, and not just because the current model has been around for seven model years. With its sharp reflexes, turbo thrust, spacious interior, and occasional rough edge, the WRX is a go-to flannel shirt that just fits and seems to get better every time it’s run through another
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