PARIS — Renault’s revenue unexpectedly fell in the first quarter as the automaker lagged behind European peers in recovering from the pandemic. Sales fell 1.1 percent to 10 billion euros ($12.05 billion), the company said in a statement on Thursday. BMW and Daimler, by contrast, have reported better-than-expected preliminary results for the quarter. Renault’s reliance
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3:37 PM ET Associated Press The Indianapolis 500 is set to be the largest sporting event in the world since the start of the pandemic with 135,000 spectators permitted to attend. “The Greatest Spectacle in Racing” next month. Indianapolis Motor Speedway said Wednesday it worked with the Marion County Public Health Department to determine that
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Volkswagen has announced pricing for its new 2022 Taos subcompact crossover, with the base model starting at $2,250 less than the base model of the similarly sized Tiguan. The German brand said the base model front-wheel-drive Taos will start at $24,190 including delivery when it arrives in U.S. dealerships in June and will be available
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GM’s Cadillac brand is going electric, as the automaker confirmed that every new vehicle will be all-electric starting now. Today, Cadillac unveiled the production version of the Lyriq, its first all-electric vehicle. Yesterday, the company held a virtual unveiling of the electric vehicle, during which it also announced plans to move the brand into only
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WASHINGTON — Texas police will serve search warrants on Tesla on Tuesday to secure data from a fatal vehicle crash, a senior officer told Reuters on Monday, after CEO Elon Musk said company checks showed the car’s Autopilot driver assistance system was not engaged. Mark Herman, Harris County Constable Precinct 4, said evidence including witness
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8:58 PM ET ESPN staff George Floyd’s murder — and the graphic footage that captured his final breaths — rocked athletes, coaches and executives throughout professional and amateur sports. With the country already on edge just a couple months into the COVID-19 pandemic, a viral video showed then-Minneapolis police officer Derek Chauvin kneeling on Floyd’s
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Mexican supplier Nemak reported net income of $40 million in the first quarter, compared with a net loss of $14 million in the year-earlier period, and attributed the turnaround to cost-reduction initiatives and an improved product mix in its electric vehicle and structural applications segment. Revenue increased 15 percent to about $1.04 billion, up from
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“Edd China’s Workshop Diaries” seems to be gaining more traction than the television host’s previous YouTube efforts. The show has actually made it to a third episode, where China talks about building the world’s fastest electric ice cream van, while also continuing a 1982 Land Rover Range Rover project from the previous episode. As a
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9:11 AM ET Mercedes believes it is still lagging behind rivals Red Bull on outright car performance this year, despite the team leading both drivers’ and constructors’ championships after the opening two rounds of the season. 1 Related After seven consecutive years of title success, Mercedes looks set for its toughest battle for the championship
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Would you mind terribly if I tapped the regenerative brakes a minute on the industry’s downhill run to an all-electric future? We’re speeding up in exactly the wrong direction, and without a slight course correction, we’re going to wind up on one of those runaway truck ramps with our wheels buried up to the axles
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General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM DETROIT — General Motors is taking a surprisingly simple approach to its return to work strategy for employees: “Work appropriately.” That’s the message being conveyed Tuesday by
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MUNICH — BMW will build a prototype of a solid-state battery car before 2025, joining an accelerating race for a technology that promises to boost the power and range of electric vehicles. The automaker said its researchers are working “intensively” on solid state batteries, calling cell storage the central plank of its electric vehicle shift.
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