Carvana Co. said Thursday it posted a net loss of $439 million in the quarter ending June 30 — a far cry from its landmark $45 million profit one year ago but smaller than its $506 million first-quarter loss. The online used-vehicle retailer, which has been challenged in part by high used-vehicle prices, reported progress […]
Carvana records Q2 net loss, notes returns from ADESA U.S. acquisition Read More »
Volkswagen of America has detailed its U.S.-produced versions of the 2023 ID4 compact crossover, which will come standard with a smaller 62-kilowatt-hour battery pack and start at $38,790, including shipping and excluding any federal or other tax credits. With its smaller battery, the base model rear-wheel-drive crossover will now come with a manufacturer-estimated 208 miles
2023 Volkswagen ID4 to start at $38,790 Read More »
BMW has just launched the iX and i4 electric vehicles, as well as an electric version of the current 3-Series exclusively in China, but these will be superseded starting from 2025 by a new generation of BMW electrics based on a platform dubbed the Neue Klasse (German for “New Class”). The Neue Klasse platform is
BMW’s first Neue Klasse EVs will be 3-Series segment sedan, SUV Read More »
Only three out of seven vehicles earned “good” or “acceptable” ratings in the Insurance Institute for Highway Safety’s most recent side-impact crash evaluation. IIHS gave ratings of “good,” “acceptable,” “marginal” and “poor.” Out of the seven vehicles tested, which IIHS classified as midsize, the Subaru Outback was the only one to receive a “good” rating,
The New York Police Department Chief of Patrol Jeffrey Maddrey took to Twitter this week to announce that the force has seized more than 250 “illegal dirt bikes and ATVs.” In his tweet, Maddrey posted a video of a sped-up walkthrough of the bikes at an apparent holding location and wrote that “New Yorkers are
Lucid Motors slashed its production forecast in half for the year to between 6,000 and 7,000 units of its Air electric sedan after a difficult second quarter due to supply-chain issues, the company said after the market close Wednesday. Lucid delivered 679 vehicles in the second quarter. First-quarter deliveries were 360. Production out of its
Lucid slashes 2022 production forecast after rough second quarter Read More »
Mercedes-Benz AMG in June finally revealed the production version of the One hypercar, and the first examples will be delivered to eagerly awaiting customers later this year—a five-year wait since the reveal of the concept at the 2017 Frankfurt International Motor Show. AMG has boasted the One will come close to matching the performance of
Mercedes-Benz AMG One hits the ‘Ring in possible record attempt preparation Read More »
TRAVERSE CITY, Mich. — Advanced driver-assistance systems are commonly seen as the building blocks of fully self-driving vehicles. However, industry executives increasingly consider advanced driver-assist and autonomous capabilities separate systems evolving at different speeds to serve different markets. “They use a lot of the same sensors, but the difference is that on the Level 2
ADAS, autonomous systems to serve different needs for different markets, executives say Read More »
What kind of vehicle is the 2023 Jeep Grand Cherokee? What does it compare to? The Grand Cherokee is a two- or three-row SUV that can be cross-shopped against a huge range of SUVs including the Volvo XC90, Toyota 4Runner, and Honda Pilot. Is the 2023 Jeep Grand Cherokee a good SUV? Review continues below
2023 Jeep Grand Cherokee Read More »
TRAVERSE CITY, Mich. — Two of North America’s biggest battery makers are looking to source more of their hard-to-find metals and materials locally as they tool up to deliver on the Biden administration’s goal of making half of U.S. auto sales be zero-emission vehicles by 2030. General Motors and Panasonic Energy say getting there will
Battery makers say methods, supply chains in flux Read More »
