Fugitive former Nissan boss Carlos Ghosn has said he wants to stand trial on charges of financial wrongdoing in order to clear his name. He spoke to the BBC after France issued an international warrant for his arrest, citing allegedly suspect payments. Mr Ghosn said he was “expecting” the move though he was “surprised at […]
Carlos Ghosn: Ex-Nissan boss says he wants a trial Read More »
The 2023 BMW 7-Series broke cover, we learned key details about the upcoming Kia EV9, and Jeep’s boss talked next-gen Trackhawk and performance Jeep Grand Cherokee with us. It’s the Week in Reverse, right here at Motor Authority. The 2023 BMW 7-Series made its virtual debut with turbo-6, twin-turbo V-8, and all-electric powertrain options. The
2023 BMW 7-Series, Kia EV9, next-gen Jeep Trackhawk: The Week In Reverse Read More »
Automotive mirror supplier Gentex Corp. said ongoing supply chain issues and a decrease in vehicle production led to a worse first-quarter financial performance compared with a year earlier. The automatic dimming rearview mirror and camera-based driver-assistance system company said Friday that its first-quarter net income decreased 23 percent to $87.5 million. Gentex earnings are typically
Gentex Corp. posts worsening Q1 financial performance compared to 2021 Read More »
TOKYO — Honda Motor Co. is planning to cut production by about 50 percent on two lines at one of its Japan factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday. The factory in Suzuka will also slash production by half during April, expanding the scale of the cutback
Honda to cut output at Japan assembly plants as chip shortage grinds on Read More »
Someone has just paid $9.5 million for the ‘AA8’ number plate in Dubai during a recent charity auction. The massively expensive number plate was sold at the ‘Most Noble Numbers’ charity auction to support the One Billion Meals campaign that provides food for those in need. A number of other desirable number plates were sold,
An ‘AA8’ License Plate In Dubai Sold For An Incredible $9.5 Million Read More »
A collection of 1992 Formula One champion Nigel Mansell’s cars is headed to auction. They’ll be part of RM Sotheby’s 2022 Monaco sale, scheduled for May 14. The highlights are two of Mansell’s F1 cars, including the Ferrari 640 he drove during the 1989 season. The 640 debuted the semi-automatic gearbox that later became the
Nigel Mansell collection heading to auction, including two F1 cars Read More »
Tesla Inc. CEO Elon Musk says he’s secured $46.5 billion in funding for a takeover of Twitter Inc. But more than two-thirds of that is either coming from his own pocket or borrowing against his Tesla shares. Musk’s filing with the U.S. Securities and Exchange Commission on Thursday details $25.5 billion in debt financing from
Musk says he has $46.5 billion lined up for Twitter financing Read More »
What kind of vehicle is the 2023 Lexus RZ? What does it compare to? The RZ is the brand’s first dedicated electric vehicle with no gas-powered counterpart. Sharing a platform with the Toyota BZ4X, the electric compact crossover will compete in a growing premium segment, from the Volvo C40 and related Polestar 2 to the
Lincoln is celebrating its centennial this year, but it doesn’t mark the company’s founding. Lincoln was established in 1917, but acquired by Ford in 1922 and that is the anniversary the automaker is choosing to honor. As a part of the ceremonies, Lincoln isn’t just looking back but providing a peek into its future with
Lincoln Star Concept plots a new course for Lincoln’s electrified ambitions Read More »
LOS ANGELES — Lincoln Motor Co., trailing luxury rivals in the transition to battery power, on Wednesday introduced a concept that previews how the brand hopes to differentiate itself in the electric vehicle era. The Lincoln Star concept, unveiled at an event here celebrating the brand’s 100th anniversary as part of Ford Motor Co., showcases
Lincoln Star concept heralds 3 EVs due by 2025 Read More »
