Growing Morgan Automotive Group of Tampa, Fla., bought two Florida Kia dealerships from LMP Automotive Holdings Inc. last week and bought a Florida Stellantis store in a separate, unrelated November transaction. It marks the third dealership sale announced by small auto retailer LMP in three months. The Fort Lauderdale, Fla., company said in a Monday […]
SHANGHAI — Tesla Inc.’s China chief Tom Zhu and a team of his reports has been brought in to troubleshoot production issues in the United States, fueling talk among colleagues he is being groomed for a bigger role at a time when CEO Elon Musk has been distracted by Twitter. Zhu, who heads Tesla’s Asia
Tesla dispatches Shanghai boss, aides to jump-start U.S. output Read More »
CarMax Inc.’s fiscal third-quarter earnings miss fueled further concerns about the state of used-car affordability and a larger, lingering slowdown in the used-car market. Used-vehicle giant CarMax slowed its inventory purchases from consumers in light of steep market depreciation in wholesale prices in the quarter ended Nov. 30. Company leaders said the retailer increased its
CarMax Q3 retail used-vehicle sales fall 21% as net income plunges 86% Read More »
Tesla Inc. is offering U.S. consumers $7,500 to take delivery of its two cheapest models before year-end, a move likely to foment more debate over the extent of the carmaker’s struggle with demand. The discount Tesla is dangling on new Model 3 sedans and Model Y crossovers is double what the company was offering earlier
Tesla dangles $7,500 discount in rare move to boost deliveries Read More »
TuSimple Holdings Inc. said Wednesday it will lay off 25 percent of its workforce, or nearly 350 employees, as the self-driving truck company seeks to chart a course out of the economic upheaval that has been raging throughout the year. The company said it expects to record a one-time charge of nearly $10 million to
TuSimple to lay off 25% of workforce Read More »
Driver-assist systems that lack user-friendliness not only cause drivers frustration, but it may diminish the system’s safety benefits, according to Consumer Reports. People confused by their driver-assist features might disregard them altogether. “If they are not enjoyable to use in the car, if they’re beeping at you incessantly, if they’re doing things that are unexpected
Automakers should simplify driver-assist systems, Consumer Reports says Read More »
Speeding Locomotive Crashes Into 134-ft Concrete Beam And Both Lose | Carscoops Somehow the only injuries involved in the accident were minor by Stephen Rivers 4 hours ago by Stephen Rivers Trains run into things that are haphazardly on the tracks all too often but what isn’t very common is when the thing on the
Speeding Locomotive Crashes Into 134-ft Concrete Beam And Both Lose Read More »
Brits Advised To Put Off Crashing Cars Until Tomorrow As Ambulance Service Strikes For First Time | Carscoops Health minister suggests drivers avoid “unnecessary” car journeys and urged caution over contact sports by Chris Chilton December 21, 2022 at 14:29 by Chris Chilton People living in the UK were warned to avoid “unnecessary” car journeys
There’s a revival underway of Stile Bertone, the legendary Italian design house that succumbed to bankruptcy in 2014. And that revival starts with a supercar called the GB110. Just 33 examples are planned, and according to the new Bertone, the car will be able to run on fuel produced from waste plastic. The fuel will
Bertone returns with GB110 supercar Read More »
A California used-vehicle dealer has accepted a decade-long ban from the industry and paid the state $1.7 million as part of a settlement to resolve violations the state says include 650,000 misleading advertisements, 20,000 instances of “power-booking” and another 1,500 ads for which Paul Blanco also bears personal responsibility. These finance-and-insurance-related actions admitted by the
