Month: July 2020

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
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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
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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
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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
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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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
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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
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PARIS/TOKYO — When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the pandemic. All the world’s automakers have been in crisis at one time or another in the past few years, but it
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A Lexus coupe or convertible might be the best way to take a hammer to that ginormous change jug or piggy bank you’ve had going since elementary school. An 84-month loan would be OK, too, we guess. For less than $100,000, the 2021 Lexus LC has all the standard touches expected from a car that
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DETROIT — General Motors’ first battery-electric pickup, the GMC Hummer, will be unveiled this fall after the automaker postponed the May reveal because of the coronavirus pandemic. The Hummer could better position GM to compete against off-road rivals, such as the Ford Bronco. “We look at each brand and are continuing to build on our
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Pent-up demand from coronavirus lockdowns has brought car and truck buyers back to the market, but once there, they may see little wiggle room on price. With limited inventory, dealers are often taking top dollar for the vehicles they do have. For several weeks, the average industry gross, or the gross profit dealers get on
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By Joey Klender Posted on July 29, 2020 Tesla is making a substantial mark in the South Korean electric automotive market as the Korea Automobile Manufacturers Association (KAMA) stated that the company had attained an annual sales increase of more than 1,500% in the first half of 2020 thanks to the automaker’s Model 3 sedan.
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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 General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories
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Tesla is ‘expanding’ its battery cell manufacturing team as it is about to start production of its own battery cells in volume. The automaker is now hiring production associates for its cell manufacturing pilot line. Earlier this year, Electrek has exclusively revealed Tesla’s secret “Roadrunner” project, which consists of its in-house designed battery cell manufacturing system to increase
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