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Getty Images Renault has announced it is selling its majority stake in Russian carmaker Avtovaz, following pressure over its continued presence in the country. The French carmaker said it would sell its 68% interest to a Russian science institute, while its shares in Renault Russia will go to the city of Moscow. Moscow said Renault’s
Dealership marketing company AutoWeb says its board will explore strategic alternatives for the company, including a potential sale or restructuring, as “substantial doubt” exists about its ability to continue as a going concern. The Tampa, Fla.-based company said Monday that a special board committee will evaluate strategic alternatives, including obtaining new debt or equity funding;
Tesla Inc. customers might love the carmakers’ nifty keyless entry system, but one cybersecurity researcher has demonstrated how the same technology could allow thieves to drive off with certain models of the electric vehicles. A hack effective on the popular S and Y Tesla cars would allow a thief to unlock a vehicle, start the
Renault’s Moscow plant will be repurposed to produce Moskvich cars that were last manufactured two decades ago. A Soviet-era car brand the “Moskvich” could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault following the French automaker’s exit from the country. Moscow’s mayor Sergei Sobyanin said he would nationalize Renault’s
Ferrari Formula One driver Chalres Leclerc crashed one of three-time champion Niki Lauda’s Ferrari F1 cars during a demonstration run at the 2022 Monaco Historic Grand Prix on Sunday. Leclerc was on his third lap in the 1973 Ferrari 312B3 when, owing to a suspected brake failure, he lost the rear end and backed the
Police in Italy have arrested a 37-year-old man for driving a rented Maserati Levante down Rome’s iconic Trinità dei Monti stairs, also known as the Spanish Steps. CCTV footage captured the black Levante driving down the steps in the early hours of the morning. Evidently, the driver of the Maserati didn’t really think through the
German boutique e-mobility company Urban Drivestyle is known for its unique, hand-crafted electric bicycles. Unlike your run-of-the-mill e-bikes, Urban Drivestyle’s creations boast unique styling, and a character that’s centered on fun. Founded by Ossian Vogel, Urban Drivestyle caters to the e-mobility enthusiast market, and sees all of its products developed and manufactured in its in-house
DETROIT — Cadillac is expanding deliveries of the Lyriq electric midsize crossover beyond initial reservations this fall and will offer customers free public charging for two years or a credit to install a home charger. “These are important steps for Cadillac, as we make good on our promise to deliver an EV offering more than
By Maria Merano Posted on May 16, 2022 On Monday, May 16, LG Chem announced that it developed a new plastic for battery products. The flame retardant plastic prevents fire from spreading. According to the Korea-based company, it plans to mass produce the flame retardant plastic in 2023. LG Chem believes the plastic can be
For the first time in months, North American assembly plants did not add vehicles to their long list of production schedule cuts caused by the global microchip shortage, according to the latest weekly estimate by AutoForecast Solutions. Factories in Europe, China, South America, the Middle East and Africa also held firm on their production plans,
A brisk transition to zero-emission vehicles is underway, but it’s still unclear whether the global transportation sector’s makeover is enough to stave off the worst consequences of climate change. Cars and trucks account for three-quarters of all transportation-related greenhouse gas emissions, including planes, trains and ships, according to McKinsey & Co., and automakers and commercial
It’s all too easy to get caught up with numbers when it comes to modern performance cars. That’s not an indictment of the pursuit of power. Who can blame manufacturers for the one-upmanship? Whether it be horsepower, 0–60 mph, torque, or top-speed, there’s no denying the headline value that comes with pushing the spec sheet
Nissan says net revenue from sales of the new Qashqai compact SUV in Europe is 38 percent higher than for the previous model, giving the company hope that it can reverse continuing losses in the region. Nissan posted an operating loss of 28.4 billion yen ($221 million) in Europe in the fiscal year ending March
The Datsun 1600 laid the foundation for the 240Z and the line of Nissan Z sports cars that followed. Mike Spagnola of Purpose Built Motors respected that heritage while upgrading a 1600’s performance to turn it into a tasteful restomod that recently appeared on “Jay Leno’s Garage.” In addition to being special to Datsun and
What kind of car is the 2022 BMW 2-Series? What does it compare to? The 2022 BMW 2-Series is a performance-oriented luxury coupe that emphasizes driving fun and handling. It competes against other small performance cars such as the Mercedes-Benz A-Class, Audi A3, Lexus RC, and Porsche 718 Cayman. Is the 2022 BMW 2-Series a
On any given day, we’re sure there are plenty of automotive accidents that wouldn’t even make a blip on the radar of most local fire departments. However, this automotive optical illusion has generated much discussion on Reddit, where it has over 940 comments and 20,300 upvotes. The photo was posted to Reddit’s r/IdiotsInCars, where it
Electric cargo bikes, especially four-wheeled versions that function as mini delivery vans, are becoming an increasingly common solution for mail delivery around the world. As the USPS struggles with its own delivery van ordering scandal, the latest example of alternative lightweight and efficient electric four-wheeler delivery vehicles sees yet another European country demonstrating the effectiveness
Penske Automotive Group Inc. is pausing on its goal to have its standalone used-vehicle CarShop locations sell 150,000 vehicles annually by the end of 2023, as it deals with higher costs of sales and vehicle acquisition woes. Penske announced in February 2021 that it planned to expand its CarShop locations in the U.S. and U.K.
The Made-in-China (MIC) Tesla Model Y remains the best selling premium model in the crossover/SUV category in China, regardless of the powertrain. According to the China Passenger Car Association (CPCA)’s data, in April, Tesla sold in China only 1,512 units, which is an extremely low result (compared to over 65,000 in March) that was caused
LOS ANGELES — A subsidiary of oil and gas giant Shell will soon support charging for Penske Truck Leasing‘s light-duty electric vehicles. Shell Recharge Solutions will provide Level 2 charging stations to support Penske’s electric truck fleet in five states by the end of the year, the companies said last week at the Advanced Clean
EcoMotion highlights GM tie-up, battery tech TEL AVIV, Israel — When General Motors opened its Israeli R&D center in 2008, it was a lonely outpost on the automotive landscape. Today, more than 30 automakers and major suppliers have permanent offices and major tech centers in the country, and they are just a part of the
If the worst-case scenario for Germany hits, BMW, Mercedes-Benz and Volkswagen Group would struggle to paint their cars and the air across the country would get dirtier. Europe’s largest economy is bracing for the prospect that Russian natural gas gets cut off suddenly, a shock that would trigger a form of martial law for energy
We spotted the 2023 Dodge Hornet undergoing testing in what appeared to be production-ready form. The small crossover SUV will be a reskinned plug-in hybrid Alfa Romeo Tonale when it’s revealed this summer. Teaser for modern Scout electric SUV and pickup VW announced it will revive the Scout name as an EV sub-brand with an
There is an old adage in the automotive world that goes when in doubt, flat out. An Infiniti driver whose attempt at drifting was recently posted online is a pretty good example of why that’s not always the case. It seems like the video starts in media res after the car has already started hitting
By Joey Klender Posted on May 14, 2022 Ford Motor Co. sold $188.2 million additional shares of electric vehicle company Rivian on Friday after already selling $214 million shares earlier this week. Filings with the SEC on Friday reveal Ford sold around 7 million shares of Rivian, which has struggled to gain momentum in the
Mercedes-Benz of Sugar Land is building customer loyalty and making roads safer at the same time. Since 2014, the Texas dealership has sent more than 260 teenagers through a driving safety school that uses an array of Mercedes vehicles to teach various maneuvers. The initiative started as a perk for dealership clients’ children as part
Heading into the weekend, Greekworks is kicking off its latest sale and discounting a selection of its popular electric mowers in the process. Taking 15% off a selection of ways to get the lawn in shape for spring, you’ll find high-end self-propelled models to go alongside more affordable ways to kick gas and oil to
Volkswagen dealers were left angry, shocked and suspicious by surprise news last week that the brand’s German parent plans to build a new company in the U.S. to sell an electric pickup and SUV under the Scout name, not least because Volkswagen AG was silent on how it intends to retail the vehicles. The lack
GMC’s Denali trim level is meant to signify that nothing else could be higher. After all, it’s named after the highest peak in North America but now the brand wants to go further with a new 2022 trim level called the Denali Ultimate. This truck is aimed squarely at the most luxurious versions of the
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