As e-scooters increase their presence in U.S. cities, it’s becoming more of a priority that they have smart technologies to protect sidewalk pedestrians. In most instances, scooters are meant to stay on the street like a bicycle and off the sidewalks. E-scooter makers such as Bird and Lime have responded by developing and testing technology […]
E-scooter company aims to keep riders safer, off sidewalks Read More »
Startup Electric Last Mile Solutions Inc.’s troubles are continuing after its independent registered public accounting firm resigned amid a controversy that sent the company’s stock value plummeting this month. Chicago-based BDO LLP resigned from the audit of the Troy-based electric vehicle maker’s finances, which drew public scrutiny this month when a probe found senior executives
Electric Last Mile’s public accounting firm resigns over potential legal risks Read More »
Small, publicly traded LMP Automotive Holdings Inc. had a goal to roll up dozens of dealerships. It stumbled on a few deals, bought eight franchised stores last year, entered into numerous contracts for more and even purchased a $5.6 million airplane. But now those deals are collapsing. LMP is exploring alternatives, including selling its portfolio
Why LMP Automotive’s dealership acquisition goal is fizzling Read More »
We drove the 2022 Cadillac CT5-V Blackwing, we spotted the 2024 Ford Mustang convertible, and SVE announced the 2022 GMC Syclone. It’s the Week in Reverse, right here at Motor Authority. On a spectacular California morning, we drove the 2022 Cadillac CT5-V Blackwing on twisty roads as the sun rose over the Pacific ocean. While
What kind of car is the 2022 Subaru WRX? What does it compare to? The redesigned 2022 Subaru WRX is a performance four-door sedan inspired by rally cars. A turbo-4 provides the power and standard all-wheel drive ensures it goes to the pavement efficiently. The WRX competes against cars like the Hyundai Veloster N and
What kind of car is the 2022 Audi A8? What does it compare to? The A8 is a full-size sedan that takes on some of the best, most opulent cars on the planet, such as the BMW 7-Series, Mercedes-Benz S-Class, and Porsche Panamera. Is the 2022 Audi A8 a good car? Review continues below The
A huge auto transport ship that regularly delivers Porsches, Audis, Bentleys, Volkswagens from Europe to the U.S. is on fire and adrift in the Atlantic. According to an internal Volkswagen Group email obtained by Bloomberg, 3,965 U.S.-bound vehicles are aboard. About 1,100 Porches and 189 new Bentleys, several U.S.-based spokespeople for group brands confirmed to
Cargo ship fire strands thousands of U.S.-bound VW Group vehicles in Atlantic Ocean Read More »
The Felicity Ace, a cargo ship carrying nearly 4,000 Volkswagen Group vehicles, as the company confirmed, caught fire off the coast of Portugal this week. All 22 crew were rescued by the Portuguese navy and are now safe, but the fate of the vehicles aboard the ship, reportedly headed for the U.S., is unknown. The
Subaru climbed two spots to first place in Consumer Reports‘ annual ranking of the most well-performing, safe and reliable automotive brands. Mazda, which was No. 1 in 2021, finished second this year. Six of the top 10 brands this year were Japanese; the highest-ranking U.S. brand was Buick, which was 11th.Jeep dropped three spots to
Subaru tops Consumer Reports 2022 brand ranking Read More »
ACV Auctions Inc. said Wednesday that its revenue surged 86 percent to a little more than $100 million in the fourth quarter of 2021 as it captured more market share and gained dealer partners, but it posted a net loss. The Buffalo, N.Y.-based digital wholesaling firm estimated that it captured 38 percent market share in
ACV reports boosts market share, posts $26M net loss Read More »
