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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
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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
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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
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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
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DETROIT — Ford Motor Co. is lowering the price of its Mustang Mach-E crossover between $1,000 and $3,000, depending on the trim, as it prepares to launch the vehicle later this year. In a memo to dealers, Ford said the Premium trims will get a $3,000 price cut, with the all-wheel-drive version dropping to $50,800
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Scott Wine, CEO, Polaris Industries Scott Mlyn | CNBC With more Americans spending time in the great outdoors amid the coronavirus pandemic, the trend has lead to a glut in inventory at recreational vehicle dealerships. Polaris and Thor Industries, two recreational vehicle manufacturers with more than $5 billion in value on the stock market, are
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Steel production has rebounded alongside the recovery in automotive production this quarter, Cleveland-Cliffs CEO Lourenco Goncalves told CNBC Monday. U.S. automakers are sprinting to re-stock showrooms and get back on production schedule after plants were shut down earlier this year as the country took action to slow the spread of a novel coronavirus. “We have
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WASHINGTON — Fiat Chrysler Automobiles will pay a $9.5 million civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the top U.S. securities regulator said Monday. Fiat Chrysler, which did not admit or deny wrongdoing to resolve the Securities
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