Month: August 2020

China’s NIO Inc. boosted the size of its capital raising by almost 20 percent as investors rush stock sales by EV makers. The U.S.-listed, Shanghai-based firm sold 88.5 million American depositary receipts at $17 apiece, according to an emailed statement Monday. It initially planned to sell only 75 million shares. The some $1.5 billion raised
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BMW will cut hundreds of jobs at its factory in the UK that builds Mini cars due to falling demand. The Mini factory in Oxford, England, will move to a two-shift operation from three shifts in mid-October.The move will lead to the loss of 400 out of the 950 agency staff at the plant, which
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The 2021 Toyota Tundra works hard to pull its weight in the full-size pickup class, but despite a muscular V-8 engine it falls behind the Ram 1500 and Ford F-150 in our rankings. It’s light on luxury, lower on towing and hauling ratings, and in gas mileage too.  We’d still buy one if we put
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In the beginning, Lindsey Trett had no idea how many customers might want to have their vehicles picked up for service and dropped off when the work was completed. What Trett and her colleagues at Walser Automotive Group in Edina, Minn., did know as the coronavirus began to spread across the country in March was
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The COVID-19 pandemic has delayed the pivotal vehicle in McLaren Automotive’s transition to a 100 percent electrified portfolio, but the British exotic automaker’s future product plans are now coming into clearer focus. Last week, McLaren released details of its newest vehicle architecture, which, in a different direction for the brand, has been specifically developed to
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As international travel restrictions continue, millions of Brits are jumping in their cars for UK-based staycations this summer – spending a collective £462million on fuel. With the nation preparing for Bank Holiday weekend getaways, research from EDF revealed 77% of holiday-makers will make their staycation journey in a petrol / diesel car – travelling an
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NAGOYA, Japan — If things had gone according to plan, a cavalcade of Toyota vehicles would have rumbled into Tokyo this month, heralding the 2020 Summer Olympics and wrapping up an unprecedented seven-year, five-continent endurance drive by the country’s flagship automaker. Instead, the COVID-19 pandemic emerged, forcing the cancellation not only of the Summer Games
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Porsche’s second-generation Panamera came in for its mid-cycle update this week, with some new powertrains on the list and the styling and chassis receiving revisions, too. The Panamera is a seriously quick car for its size. In fact, one variant has lapped the Nürburgring faster than a C8 Chevrolet Corvette Stingray. 2023 Porsche 911 GT3
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The 2021 Legacy costs just $23,820 in base trim. With its standard all-wheel drive, twin 7.0-inch infotainment and vehicle-function screens, active safety features, and Apple CarPlay and Android Auto compatibility, it’s a great bargain and very well-equipped, without spending a dime more. The Legacy’s warranty and options aren’t anything dramatic, but its larger available infotainment
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Buick is deepening its partnership with Amazon to attract younger buyers, with voice assistant technology and online shopping. The features are part of the latest phase of Buick’s tie-up with Amazon. The new components include a virtual Amazon showroom and a custom Alexa “utterance,” a phrase that lets people ask about Buick vehicles from any
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The coronavirus pandemic dramatically altered the automotive ecosystem this spring as plants shut down, many dealerships temporarily closed their showrooms and the two largest U.S. wholesale auction companies made a near-overnight switch to digital sales. Since the height of the virus crisis in March and April, manufacturing has restarted and dealerships have reopened. But Cox
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German supplier Hella is planning a sale of its driver-assistance software unit, people familiar with the matter said. Hella is working with advisers to gauge interest in the business, the people said. It could fetch several hundred million euros, they said, asking not to be identified because the information is private. The unit may attract
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Change may have swept over other crossover SUVs in the form of hybrid powertrains or cutting-edge looks, but the 2021 Subaru Outback is content to stay the same. Why not? It’s a winning formula of wagon room, flat-4 power, and an enviable reputation for safety and durability.  With almost no changes to its different versions—Base,
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Four U.S. service members have been injured following an incident with Russian forces in northeast Syria. Dramatic footage shared online shows an altercation between U.S. and Russian military vehicles. While it is hard to say what prompted the incident, vehicles from the U.S. and Russia can be seen slamming each other as Russian helicopters hover
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Nissan’s decision to kill off its Titan full-size pickup in Canada came as a surprise to its retailers, including the brand’s Canadian dealer advisory board chairman, who happens to be doing brisk business in Titans. The automaker dropped the news during a regularly scheduled Web call with the dealer advisory board this month. “There was
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