CarMax Inc.’s soft fiscal second-quarter financial results paint a grim picture: Persisting inflation, high retail prices and climbing interest rates are prompting consumers to put off buying used cars and trucks. The challenges have the used-car giant cutting costs to better match sales levels. The retailer‘s volume and profit drop stoked fears of a more […]
CarMax’s tough Q2 results set off alarms Read More »
A TikToker going by the handle srt_ray6.4 recently posted video footage of an interaction he had with a police officer who claimed that the exhaust on his Dodge Challenger Hellcat was not in line with state regulations relating to decibel levels, despite the car allegedly being stock. In two videos, compiled by YouTuber SoCal Super,
Mercedes-Benz this week unveiled a concept celebrating a partnership with “League of Legends” and the video game’s Riot Games publisher. The concept is strictly for the virtual world, and as a result the design team, led by Mercedes design chief Gorden Wagener, could create elements not possible in the real world. “Because of the virtual
New Mercedes-Benz coupe concept is designed for the virtual world Read More »
Electric-vehicle startup Arrival SA‘s shares surged after it said it’s in talks to raise capital to build and sell its products in the U.S. The company, which is primarily UK-based, also said it’s a step closer to operating so-called microfactories to produce battery-powered vans. The shares rose more than 15 percent in premarket U.S. trading
EV startup Arrival in talks on funds to launch in U.S. market Read More »
Cleveland Browns’ defensive end Myles Garrett has been fortunate to walk away without serious injuries after crashing his 2021 Porsche 911 Turbo S in Sharon Township, Ohio. Garrett was driving the Porsche on Monday afternoon with a female passenger onboard when the sports car left the road and came to a rest on a grass
Mercedes-Benz and Volvo, heeding Hurricane Ian’s potential impact, are idling their South Carolina plants ahead of the deadly storm’s predicted return to landfall. The Mercedes plant, near Charleston, S.C., has about 1,600 employees who build the Mercedes Sprinter and Metris vans. It will idle operations on Friday, Reuters reported. Volvo’s plant near Charleston in Ridgeville,
Hurricane Ian forces Mercedes, Volvo to shutter S.C. plants after blasting Florida Read More »
Everrati may have only been founded in 2019, but the electric-vehicle conversion company has already expanded out of its native U.K. to the U.S. and Europe. Demand has also soared to the point that the wait time for some conversions has stretched to a year. Everrati offers a diverse array of conversions, ranging from classic
Everrati delivery time stretches to a year due to strong demand Read More »
New York state plans to adopt California’s rules approved in August that would require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, Governor Kathy Hochul said Thursday.Hochul said in a statement that she has directed a state environmental agency to propose and finalize rules adopting California’s
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Automatic emergency braking has a lot of room for improvement. That’s the conclusion of a study released Thursday by AAA, which crash-tested four models with the feature from four automakers: the 2022 Chevrolet Equinox LT, 2022 Ford Explorer XLT, 2022 Honda CR-V and 2022 Toyota RAV4 LE. Rear-end crash performance, a test in which vehicles
Automatic braking systems perform poorly in AAA crash tests Read More »
Volkswagen Group set the final listing price for Porsche at 82.50 euros per share, valuing the company at 75 billion euros ($73 billion) as it seeks to prove that the iconic sports-car brand can sidestep the slump in capital markets and pull off Europe’s largest initial public offering in a decade. A meeting of VW’s
