Lidar companies Ouster and Velodyne said Monday they plan to merge. The two companies signed a merger agreement Friday. Existing Velodyne and Ouster shareholders would each own about 50 percent of the combined company under terms of the “merger of equals” agreement, which is expected to close in the first half of 2023. Ouster CEO […]
Lidar suppliers Velodyne, Ouster reach merger deal Read More »
Lucid Group Inc. filed a federal lawsuit in Texas accusing the state’s rules on auto dealerships of “economic protectionism” that hurt the company’s ability to sell its electric vehicles there. In a suit filed in Austin, Lucid said the state is acting anti-competitively in forcing companies to sell their products through established dealerships. The Newark,
Lucid sues Texas in attempt to overturn franchise laws Read More »
Hiding from the police is quite hard these days with all the fancy tech on cars and helicopters. A car theft suspect learned it firsthand when officers found him in the rear bed of a Ford F-150 Raptor and put him into custody. It all started on Thursday, October 27, when a Lincoln Aviator was
LOS ALAMOS, New Mexico — Hailed as a “magical” solution. Derided as a perennial fantasy. Embraced as an “earthshot.” Many have eyed hydrogen’s tantalizing potential as an abundant and pollution-free energy source for transportation and beyond. Jules Verne described a method in which “water will one day be employed as fuel,” and wrote hydrogen and
Can hydrogen deliver a new way to decarbonize? Read More »
Wisconsin hot rod builders Ringbrothers brought four new builds to the 2022 SEMA show, including this 1972 Chevrolet K5 Blazer. Dubbed Bully, the Blazer boasts 1,200 hp courtesy of a GM-sourced LS3 6.8-liter V-8 topped with a 2.9-liter Whipple supercharger. That power is sent to all four wheels through a GM 4L80E 4-speed automatic transmission
Ringbrothers’ 1972 Chevrolet K5 Blazer “Bully” brawls with 1,200 hp Read More »
The father and son sentenced to serve time in a Japanese prison for smuggling Carlos Ghosn out of the country in a large musical-equipment case were transferred to the U.S. a week ago, ending another chapter of the corporate saga involving the former chairman of Renault and Nissan. Michael Taylor, the father and a former
Carlos Ghosn’s escape helpers sent back to U.S. Read More »
Nearly half of dealers plan to buy one or more dealerships in the next 12 months, while only 2 percent expect to sell in that time frame, according to a survey by dealership sell-sell firm Kerrigan Advisors. “As a disproportionate number of dealers plan for growth rather than exit, Kerrigan Advisors expects today’s seller’s market
Dealer outlook cools on acquisitions Read More »
Australian police have impounded the car and license of a 27-year-old for driving around in a Nissan that just looks like a disaster waiting to happen. The man was spotted by Victoria Police in the small country town of Lara just after 3:30 a.m. on October 31. When asked where he had come from, the
Police Stopped This Dilapidated Nissan Skyline And Quickly Impounded It Read More »
Dodge will launch its first EV in 2024, and the automaker has previewed it with the Charger Daytona SRT Concept. At this week’s SEMA show, Dodge revealed an updated version of the concept dubbed the Banshee, which likely previews a hotter version. 2023 Ferrari 499P LMH race car Ferrari’s first sports prototype in decades was
Dodge Banshee concept, Ferrari 499P LMH: This Week’s Top Photos Read More »
A demand problem taking root in the used-vehicle industry is forcing Carvana Co. further into cost-cutting territory. The Tempe, Ariz.-based online used-vehicle retailer said last week that a multitude of economic factors — including rising interest rates — are converging to disrupt consumer demand and hinder the sales volume growth the company had anticipated for
Demand dips, throttling Carvana’s growth Read More »
