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Canadian auto parts maker Magna International on Thursday reported a 136% rise in quarterly profit and raised its full-year revenue outlook, as strong demand for vehicles encouraged its customers to order more body structures, chassis and powertrains. While a strong pent-up demand and preference for private vehicles during the COVID-19 crisis lifted sales at auto
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FRANKFURT — Volkswagen boss Herbert Diess said Europe’s top carmaker was in “crisis mode” over an ongoing lack of badly needed automotive chips, adding the impact of the shortage would intensify and hit profits in the second quarter. Speaking after bumper results for the first three months of the year, during which operating profits increased more
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SpaceX achieved the first successful touchdown of its prototype Starship rocket during the latest test flight of the next-generation launch vehicle in south Texas on Wednesday, after four previous landing attempts ended in explosions. The feat marked a key milestone for the private rocket company of billionaire tech mogul Elon Musk in its development of a reusable
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Once upon a time, the idea of a luxury SUV meant a Range Rover, and even that was pretty agricultural by modern standards. Then Jeep Grand Cherokees and Ford Explorers started offering fancy, range-topping versions followed soon by Lexus and Mercedes dipping their toes in the water. And then the floodgates opened. Today, there is
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Last week, a LinkedIn post from PSA-owned car-sharing service Free2Move USA showed a silhouette of what is clearly a Citroën Ami, with the caption “From France With Love.” A spokesperson for Free2Move has confirmed to MotorTrend that the Ami is indeed coming to their U.S. fleets for a six-month-or-so trial. Free2Move operates in two cities
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Welcome, tiny percentage of MotorTrend readers who actually read the editor’s monthly musings! Man, are you in for a treat. You’ve probably already noticed something’s different, not quite right. Or … is it so wrong that it couldn’t be more right? What tipped you off? My warm, gentlemanly greeting? Or was it my devil-may-care style
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The Ferrari 812 Superfast just got a little less super with the arrival of the 812 Competizione and Competizione A (apparently the names Superfaster and Superfaster A never stood a chance). The two models are the latest evolution of Ferrari’s front-engined V-12 supercar, with the Competizione maintaining a traditional coupe body style and the Competizione
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An Ohio state senator has introduced a bill that proponents say would allow electric-vehicle startup Lordstown Motors to sell directly to consumers in the state. Trade groups representing franchised dealerships and automakers said Tuesday they oppose the measure. The legislation, introduced Tuesday, would allow a manufacturer to own, operate or control “one or more licensed
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Chrysler Jefferson North Assembly Plant in Detroit, Michigan Bill Pugliano | Getty Images DETROIT – Manufacturing employees in the city, such as autoworkers, are now eligible to receive the Covid-19 vaccine without any restrictions such as age or proof of preexisting conditions. The expanded eligibility for Detroit manufacturing workers marks a major expansion for autoworker
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Volvo Cars has made official on Tuesday something CEO Hakan Samuelsson revealed in December: the automaker wants to be an electric-only brand by 2030. Samuelsson said Volvo expects to benefit as much from its intensified emphasis on sustainability as it has from its long-term commitment to vehicle safety. “That has made us more profitable,” Samuelsson
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