Month: October 2020

As automakers seek to make their vehicles increasingly connected — especially given the myriad benefits that can be provided — there are still some wrinkles to iron out. Chief among them? Cybersecurity threats, consumer data privacy concerns and the possibility of connectivity — or a lack thereof — affecting safety-critical functions of a vehicle. In
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MILAN — Fiat Chrysler expects the costs of launching full-electric and plug-in hybrid cars to negatively affect its money-losing European business even more in the fourth quarter than in the third quarter. That is because the industrial costs associated with the automaker’s electrification program will increase, FCA Chief Financial Officer Richard Palmer told analysts during
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TurboZentrum’s heavily-modded Toyota Supra A80 crashed earlier this month during the TTT half-mile drag racing event held at the Lausitzring racetrack in Germany. According the company, Yalcin Belen, who was driving the 1,500-horsepower dragster, had to swerve to avoid an obstacle while doing around 220 km/h (137 mph) in fourth gear. Watch Also: Which Sounds
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DETROIT — See if this sounds familiar: A start-up EV company is basically gifted a modern plant chock-full of world-class production equipment. To reduce product-development costs and time, its first vehicle uses thousands of proven off-the-shelf parts from major suppliers and established automakers. Lordstown Motors is closely following Tesla’s early playbook as it gears up
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The latest online used-vehicle company preparing to go public has spotted the same trends its predecessors have: a highly fragmented market, relatively low e-commerce penetration and a consumer appetite for online shopping. But CarLotz Inc., a consignment platform that expects to go public via a reverse merger this quarter, raising $321 million in cash, should
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This week on the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy, including Tesla’s service push, changes to Tesla’s regen braking, Model 3 2021 gets its EPA rating, and more. Sponsored by Electrify America: Discover all the new and innovative ways that Electrify America is providing freedom for electric vehicle
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Continental CEO Elmar Degenhart is stepping down amid a push by the supplier to overhaul management and speed up structural changes. Degenhart, 61, is resigning his post “for reasons of immediately necessary preventive health care,” Continental said in a statement on Thursday. The company did not name Degenhart’s successor. It said its supervisory board will
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Don Walker offered a few words of advice last week as he announced he would retire as CEO of North America’s biggest auto supplier, Magna International Inc. “I think we’re well positioned to take advantage of the future trends,” Walker said in a phone call with Automotive News and the man who will succeed him,
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Fisker Inc. said Thursday it completed a deal to go public by merging with a special-purpose acquisition company, with the proceeds funding operations and development of its first electric vehicle through the start of production in late 2022. Shares of the combined company are expected to trade on the New York Stock Exchange starting Friday
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By Joey Klender Posted on October 29, 2020 Ever since Tesla rolled out its Full Self-Driving Beta last week, the lucky group of individuals who have been sharing the new system’s capabilities are proving that Autopilot has improved significantly. Previously challenging tasks for the 2.5-dimension Autopilot versions are no longer a tough task thanks to
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Visteon Corp. said Thursday that cost management and product launches helped the company post higher adjusted profits and sales in the third quarter. The cockpit electronics supplier reported third-quarter net income of $6 million, a 57 percent drop from the same period last year but up from a loss of $45 million in the second
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MILAN — Italy’s biggest auto show has been postponed for a second time because of the coronavirus pandemic. The Milano Monza Open-Air Motor Show is now scheduled to take place next spring, with the exact dates yet to be announced. Italian businessman and classic car enthusiast Andrea Levy, the show’s director, said the country’s auto
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Swiss designer Philipp Plein has lost a legal battle against Ferrari and been ordered to pay €300,000 ($352,000) in compensation to the Italian car manufacturer. The case relates to a spring 2018 runway show that Plein held in Milan in June 2017. During this event, Plein featured a host of exotics, including Ferraris, Lamborghinis and
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DETROIT — General Motors has only one electric vehicle on sale in the U.S. today, but within a few years it’s expected to have a North American EV manufacturing footprint comprising four plants, including one in Mexico. GM last week said it would spend $2 billion to renovate its assembly plant in Spring Hill, Tenn.,
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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
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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
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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.
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