Fiat Chrysler Automobiles on Friday posted a second-quarter loss of $1.24 billion as North American operations contributed a small profit despite lost production due to the COVID-19 pandemic. In the second quarter, when factories in North America and Europe were closed for weeks to reduce spread of the coronavirus, FCA’s net revenue plunged 56 percent
Month: July 2020
By Eric Ralph Posted on July 31, 2020 At long last, SpaceX’s fifth Starship prototype has successfully ignited its lone Raptor engine in a test known as a static fire, paving the way for the first flight of a full-scale Starship as early as this weekend. After almost three weeks of delays and several aborted
Fiat Chrysler Automobiles assembly workers produce protective masks, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim near Belo Horizonte, Brazil, May 20, 2020. Washington Alves | Reuters Fiat Chrysler said Friday it lost $1.24 billion (1.05 billion euros) in the second quarter as the coronavirus caused rolling shutdowns at its
Editor’s note: An earlier version of this story mischaracterized the ideology of the bipartisan Coalition for a Prosperous America. President Donald Trump, true to his “America First” promise in the 2016 campaign, has confronted China over its trade practices, treatment of intellectual property and alleged currency manipulation. His tenure has been marked by a two-year
Lexus’ LC is, without a doubt, the best-looking model in the brand’s range no matter if you go for the Coupe or the Convertible. Sure, the latter does come with a less stiff chassis and is a bit heavier, but if driving at the track is not your thing and live in a sunny place,
The European Union needs to offer automakers more clarity on future regulations and to oversee the faster rollout of a charging infrastructure, a panel of industry executives told viewers of the latest Automotive News Europe Congress Conversations. “What we expect is ambition and clarity,” PSA Group Europe boss Maxime Picat said. Tackling climate change was
A ground-up rethink for Acura’s mid-size sedan was in order. The Acura TLX occupied the dwindling white space between mainstream and luxury—if there were one, to begin with. The 2021 Acura TLX that made its debut in May steers away from that middle ground and does it quickly. Although the new TLX still has one
Succinct as it is accurate, “It’s a Subaru” pretty well describes the 2021 Subaru Ascent three-row crossover SUV. All-wheel drive? Check. Horizontally opposed engine? Yup. Room for people and gear? Uh-huh. Hard-wearing interior? Sure. The 2021 Subaru Ascent soldiers into the new year with minimal changes on what’s been a reliable formula so far. The
Watch the full episode for FREE on MotorTrend! https://bit.ly/2NzwX4B On this prievew of Dirt Every Day Episode 86 presented by Tire Rack, it’s time to get Fred’s 1986 Toyota rockcrawler Clampy out of California and into some rugged terrain. Will it crawl, bounce and roll?
Car dealer Pendragon has said it will cut 1,800 jobs and shut 15 of its dealerships. The firm, based in Annesley, Nottinghamshire, runs the Evans Halshaw and Stratstone brands. It said a review had begun before coronavirus but the pandemic had made the trading situation more difficult. About 400 of the jobs will be from
Volkswagen Group on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling that said two counties could seek potentially billions in financial penalties over excess diesel emissions. The 3-0 ruling in June said Utah’s Salt Lake County and Florida’s Hillsborough County could seek “staggering” damages over updates made to polluting diesel
Polestar has today delivered the first European Polestar 2 customer car at the company’s iconic global headquarters in Gothenburg, Sweden. The Thunder-coloured fastback is specified with a Charcoal WeaveTech vegan interior. The new owner, Sture Stensson gets a walk through the extensive technology onboard. New owner Sture Stensson commented: “I ordered my Polestar 2 on
The new Ford Bronco SUV is already exceeding company expectations ahead of arriving in dealer showrooms next year. More than 150,000 reservations have been made for the upcoming two- or four-door SUV, far surpassing Ford Motor’s initial expectations, according to executives. “That does exceed our optimistic expectations,” Ford CFO Tim Stone told reporters Thursday when
The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry’s trade body. A total of 381,357 cars were made the six months to June, down 42% on the period last year, said the Society of Motor Manufacturers and Traders (SMMT). The
DuPont reported a wider second-quarter loss on Thursday and wrote down the value of its automotive business by $2.5 billion as the industrial materials giant struggles with a prolonged weakness in one of its biggest end-markets. DuPont, which makes materials used in products ranging from engine covers to brake fluid, is heavily exposed to the
Tesla Gigafactory Texas in Austin has some crazy potential for growth based on the size of the land the automaker acquired, which is shown in this interesting new size comparison with other Tesla factories. This new project is exciting for Tesla on many levels. It is going to be the production site for Cybertruck and
An automobile assembly line worker wears a protective face mask as Volkswagen AG (VW) restart production at their headquarter factory in Wolfsburg, Germany, on Monday, April 27, 2020. Volkswagen is restarting output at its Wolfsburg car plant, the worlds biggest, with a labor leaders warning that political fallout from the coronavirus pandemic could be more
Sonic Automotive Inc. plans to open at least three more standalone used-only EchoPark stores before year’s end and an additional four to six in 2021 as part of an expansion strategy that includes increasing e-commerce offerings. The nation’s sixth-largest new-vehicle retailer has been adding to its EchoPark footprint and is accelerating planned store rollouts from
The VW ID.3 has been a long time coming. After a few issues, it has finally gone on sale across Europe and Autogefühl recently had the opportunity to test it out. A host of different variations will be offered depending on the market. In Germany, the ID.3 range includes the Pro Performance, Life, Style, Business,
Renault swung to a record first-half loss as the French automaker grappled with a sharp market downturn and increasingly dismal results from partner Nissan. The 7.29 billion euro ($8.58 billion) net loss underlines the challenges facing the manufacturer, which is slashing costs and trying to repair relations with its Japanese alliance partner. It refrained from
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