DETROIT — Dr. Evil has met his ultimate enemy: climate change. That’s the message in General Motors‘ Super Bowl commercial this year. When the antagonist of the Austin Powers movies learns that climate change has displaced him as the biggest threat to the world, he’s determined to reclaim top villain status by getting everyone in […]
Dr. Evil fights climate change with EVs in GM Super Bowl ad Read More »
Lyft Inc. reported fewer riders than expected in the fourth quarter as omicron damped travel, sending the shares down about 7 percent in extended trading. But the riders that did hop in a Lyft generated higher revenue, due to a shortage of drivers and trips that were longer and had higher fares. “We have great
Lyft slumps after omicron saps ridership, with fallout into 2022 Read More »
Uber Technologies Inc. outlined its strategy for growth and new business opportunities during its first investor day as a public company, after teasing news on a global car-sharing network and improved algorithms to keep costs low. Uber on Thursday said it expects $5 billion of adjusted earnings by fiscal 2024, signaling that the ride-hailing giant’s
Uber’s optimistic forecast met with tepid Wall Street response after Q4 profits surge Read More »
Reuters Two of the world’s biggest carmakers, Ford and Toyota, say production is being disrupted by trucker protests in Canada. Plants have been forced to shut because car parts are being held up at two US border points blocked by truckers protesting against a vaccine mandate. Canada’s Transport Minister, Omar Alghabra, called it an illegal
Freedom Convoy: Canada trucker protests force car plant shutdowns Read More »
For automakers, this year’s Super Bowl might as well be called the Electric Bowl. Volvo’s EV brand Polestar on Thursday confirmed it will run an ad in the game that is already filled with spots from Kia, BMW, General Motors and Nissan—which are all pitching EVs with expensive celebrity-filled ads. There is even an electric
Behind the Super Bowl EV ad blitz Read More »
Nissan launched a redesigned Frontier for the 2022 model year, and the new mid-size pickup truck is not only a huge improvement on its predecessor, it also outshines some of the competition. As a result, the new Frontier is likely to appeal to more than just your average work truck buyer. Nissan is well aware
Nissan reveals trio of Frontier concepts to inspire outdoorsy types Read More »
Automakers have cut Canadian production and warn deliveries of new vehicles to dealerships will be delayed due to an ongoing blockade at one of North America’s busiest land border crossings. Protestors, demanding anything from the end of vaccine mandates to the ousting of Prime Minister Justin Trudeau, brought traffic onto and off the Ambassador Bridge to a standstill
U.S.-Canada bridge blockade leads to production cuts, delayed deliveries Read More »
What kind of vehicle is the 2023 Kia Sportage? What does it compare to? The Sportage is a compact crossover SUV that grows in size and features for the latest generation. With seating for five and a new off-road-leaning trim, the Sportage rivals vehicles such as the related Hyundai Tucson, Toyota RAV4, and Ford Escape.
2023 Kia Sportage preview Read More »
Penske Automotive Group Inc.’s fourth-quarter revenue set a record for any quarter, as net income reached a fourth-quarter high aided by soaring gross profits for new and used vehicles, finance and insurance and service and parts operations. CEO Roger Penske said the performance stems from the auto retailer’s diversified business mix and execution. Pretax earnings
Penske Q4 revenue, net income set records Read More »
U.S. President Joe Biden publicly acknowledged Tesla’s role in U.S. electric vehicle manufacturing on Tuesday, after CEO Elon Musk repeatedly complained about being ignored. “From iconic companies like GM and Ford building out new electric vehicle production to Tesla, our nation’s largest electric vehicle manufacturer, to innovative younger companies,” Biden said, adding other start-ups and
