Tesla Inc. CEO Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc., citing a material breach of multiple provisions of the agreement. The announcement likely brings to an end a will-he-won’t-he saga after the world’s richest person clinched a deal for Twitter in April but then put the buyout […]
Musk says he is terminating $44 billion Twitter deal; litigation likely Read More »
McLaren’s decision to replace the popular Sports Series with the hybrid Artura was a very brave one. Not only has it made its first hybrid other than the likes of the multi-million dollar P1 and Speedtail, but it has also equipped the Artura with an all-new engine. This engine takes the form of a 3.0-liter
Is The McLaren Artura Good Enough To Impress Chris Harris? Read More »
We drove the 2023 Rivian R1S, we spotted the 2023 Lamborghini Aventador successor, and Hyundai teased the 2023 Ioniq 5 N. It’s the Week in Reverse, right here at Motor Authority. We got our first stint behind the wheel of the 2023 Rivian R1S and experienced the future of family adventure vehicles. While not quite
What kind of vehicle is the 2023 Hyundai Santa Cruz? What does it compare to? Somewhere between pickup-truck utility and family SUV comfort, the Hyundai Santa Cruz does its best to fill lots of needs. It squares off against the Ford Maverick and Honda Ridgeline, and some shoppers might compare it to smaller pickups such
2023 Hyundai Santa Cruz Read More »
U.S. stock markets closed June 30 to the worst first half of the year since 1970, with the S&P 500 falling 21 percent as rising inflation and high interest rates plagued the U.S. economy. All the major segments of the U.S. auto industry suffered their share of Wall Street’s distress. From the ongoing semiconductor shortage
Automakers, suppliers, retailers grapple with Wall Street’s bearish first half Read More »
Coming as the latest product in their line of non-vehicular luxury goods, Bugatti has just revealed their newest collaboration with winemaker Champagne Carbon called the EB.03 Edition, marking the third time they’ve partnered with the winemaker to commemorate different milestones in their history. The dark blue EB.01 Edition commemorated Bugatti’s 110th anniversary, the EB.02 Edition
Self-driving tech company Argo AI said it laid off about 150 employees on Thursday. In a written statement, an Argo spokesperson said the layoffs were part of “prudent adjustments to our business plan” as the company plotted for future growth. Former Argo employees who worked in the company’s human resources, recruiting, technical sourcing and communications
Self-driving tech firm Argo AI lays off about 150 employees Read More »
The Hyundai N model line is about to expand, again. On Monday, Hyundai teased three upcoming N models on its global N Instagram account. The teasers are part of the automaker’s N Day announcement, which will take place on July 15. One teaser places a blurred vehicle on a racetrack. Despite the fuzziness, the vehicle
New Hyundai N models teased, debuts for July 15 Read More »
Volkswagen Group has added a slew of additional underwriters as it pushes ahead with the planned initial public offering of its Porsche sports car unit, people with knowledge of the matter said. BNP Paribas, Deutsche Bank and Morgan Stanley were selected as senior joint bookrunners, the people said. Barclays, Banco Santander, Societe Generale and UniCredit
VW adding more banks to Porsche IPO Read More »
SALZGITTER, Germany — Volkswagen Group said it will invest more than 20 billion euros ($20.38 billion) in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales exceeding 20 billion euros by 2030 as it seeks leadership in the growing market. The PowerCo unit will manage VW’s global battery production and
VW, partners to spend more than $20B on battery business Read More »
