Month: July 2022

The uncertainty of the global microchip shortage continued to eat away at many automakers’ profits in the second quarter, though some companies managed sizable increases in production and earnings. Most automakers that reported earnings last week said they expect better chip supplies in the second half of the year and remained profitable despite stubbornly low
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With one conspicuous omission, everything and everyone that moves on San Francisco’s streets fall under the purview of Jeffrey Tumlin. The director of transportation for the San Francisco Municipal Transportation Agency is responsible for the city’s municipal railway, traffic engineering, bicycle and pedestrian safety, taxi regulations, accessibility and more. Yet Tumlin is a bystander with
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Next.e.GO Mobile, a German maker of compact electric vehicles, is going public through a merger with a blank-check firm to create a company valued at $913 million, including debt. The deal will provide e.GO with about $285 million of proceeds, assuming investors do not redeem their shares, according to a statement Thursday, confirming a Bloomberg
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9:25 PM ET Associated Press KENT, Wash. — Top Fuel leader Brittany Force closed qualifying at Pacific Raceways on Saturday by taking the No. 1 position in the NHRA Northwest Nationals. The event winner last week in Sonoma, California, Force had a 3.753-second run at 327.35 mph for her fifth No. 1 of the season
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What kind of vehicle is the 2023 Cadillac XT4? What does it compare to? The 2023 Cadillac XT4 is a small SUV that competes with the Audi Q3 and BMW X1.  Is the 2023 Cadillac XT4 a good SUV? Review continues below The 2023 Cadillac XT4 does well overall, with good acceleration and a comfortable
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Retail technology giant Reynolds and Reynolds Co. on Friday acquired Proton Dealership IT, which offers dealerships cybersecurity and information technology products and services. Reynolds, a Dayton, Ohio-based dealership management system provider, did not disclose a transaction price. Leaders of the two companies said they began speaking about a potential acquisition in March. Reynolds’ deal to
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Ford Motor (F) reported better-than-expected quarterly results after the closing bell Wednesday, and raised its dividend payout by 50%, helping send shares more than 6% higher in extended-hours trading. Total revenue of $40.2 billion exceeded the consensus estimate on FactSet of $36.87 billion. Adjusted EBIT (earnings before interest and taxes, or operating income) was $3.7
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MILAN — Italy’s Alfa Romeo will work on a new large-size car in the United States to be launched in 2027, the brand’s head Jean-Philippe Imparato said on Friday, adding however the group had not yet decided where to manufacture it. Imparato said the step was key to tailoring the design for overseas markets, helping
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6:16 PM ET Associated Press INDIANAPOLIS — AJ Allmendinger continued his dominance of NASCAR road course racing and set himself up for a sweep at Indianapolis Motor Speedway with a victory Saturday in the Xfinity Series. Allmendinger has won six of the past 11 road course races — nine in his NASCAR career — and
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Canadian police announced this week that, following a multi-jurisdictional investigation, they have charged 28 people with 242 offenses related to a vehicle theft and resale ring in the province of Ontario. According to CBC, the Ontario Provincial Police have recovered 214 vehicles that all together are worth an estimated $12 million ($9.36 million USD at
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Buckeye Honda has worked to overcome inventory shortages by creating an interactive research hub where online shoppers can get an up-close look at a vehicle even if it’s not in stock. The Lancaster, Ohio, dealership deployed a virtual configurator on its site this spring called izmoEmporio that lets users personalize new Honda models with accessories
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