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Lithia Motors Inc. said it anticipates third-quarter net income to surge and announced plans to raise more than $1 billion through debt and equity offerings. The Medford, Ore., retailer said Tuesday that net income per diluted share will be between $6.10 to $6.40, an increase of 68 percent and 76 percent, respectively, compared with $3.64

GAC unveiled its electric sports car prototype on Sept. 26, 2020, at the Beijing auto show. Evelyn Cheng | CNBC BEIJING — Some of the flashiest items Chinese companies had on display at the first major auto show since the coronavirus pandemic were concept sports cars. While vehicle sales for state-owned Guangzhou Automobile Group (GAC) fell 9.87%

The Briton (but Bavarian by DNA) is the most powerful Mini Cooper ever made. Its scoops, ducts, wings, lightweight forged wheels, and lack of a back seat immediately communicate its hard-core intent. Only 3,000 are being made, so you won’t see many around, either. These two little nutjobs represent completely different approaches to the hot-compact

There are many electric SUVs rushing the market right now, with more coming later this year. So far on the electric vehicle front, we haven’t seen much from Honda—SUV-shaped or otherwise—until now. The automaker is debuting a sleek electric SUV concept at the Beijing Motor Show, the SUV e: Concept, not long after having discontinued the

Hyundai has revealed an all-new Elantra N TCR race car—and also previewed the Elantra N performance street car, to boot. The TCR (for Touring Car Racing) is the latest in a budding line of TCR customer race cars released by Hyundai, following the $155,000 Veloster N TCR and the Euro-market i30 TCR hatchbacks. (VW, Honda,

It seems like yesterday when we drove the midship Veloster N RM19 prototype around the Nürburgring and closer to home at the California Proving Ground. Now, Hyundai has further refined its mid-engine sports car, with the latest iteration pumping out more than 800 horsepower from an electric powertrain. Once again based on—and vaguely shaped like—the

Sixth gear, nudging 170 mph, and Stowe Corner, Silverstone’s deceptively fast right-hander, is closing fast. Stay off the brakes … Stay off the brakes… Now! The steering wheel squirms slightly and the McLaren 765LT‘s nose dips sharply as the four 15.4-inch carbon-ceramic rotors are clamped by Brembo calipers. Flick the left paddle. Fifth gear. Flick

The Dodge Challenger SRT Demon is still dead, but the new-for-2020 Challenger SRT Super Stock fills a similar role in the lineup. Officially, the 807-hp Super Stock is not a replacement for the Demon. With one less pony in its stable, a widebody kit, and standard items such as a front and rear passenger seats,

Ford has finally dropped a truckload of detailed information about its new-for-2021 F-150 pickup. How much does the 2021 Ford F-150 tow? How much can it haul? How powerful are its engines? We now have the maximum payload and towing capacities for each of the F-150’s six available powertrains, along with how much power each

Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman. The postponement follows the startup’s efforts to pivot from denying allegations of deception to talking up its technology and

Nikola Motor Company Two truck Source: Nikola Motor Company Nikola shares jumped by about 5% in morning trading after the embattled electric truck start-up reconfirmed its business plans and production targets following founder and former Executive Chairman Trevor Milton’s resignation last week. The company said it “remains committed to achieving” a set of milestones previously