SUVs have given ultraluxury companies a solid revenue boost. For example, in the first quarter, the Bentayga SUV accounted for 42 percent of Bentley sales, while the Lamborghini Urus accounted for over half the brand’s sales in the same period. McLaren Automotive Group’s loss increased to 335 million pounds ($433 million) in 2022, up from…
‘Tested & Trusted’ Expert Picks on Sale Now for Amazon Prime Day
‘Tested & Trusted’ Expert Picks on Sale Now for Amazon Prime Day Tested & Trusted How does the average car enthusiast know what products and gear to buy? We ask the experts. The Gear Team has spent the last year doing hands-on tests of dozens of popular products in a variety of categories, pitting popular,…
Tough 24 Hours of Spa Race for Iron Lynx and Iron Dames
The third round of the 2023 Fanatec GT World Challenge Europe Endurance Cup was held at the iconic Circuit of Spa-Francorchamps, a track that presents a unique challenge, one that took its toll on the Iron Lynx and Iron Dames teams, cars and drivers. In a mixed-conditions qualifying session that tested a driver’s ability to…
Rivian commits to more in-person customer contact in Canada
Rivian, which makes high-end electric SUVs and pickups, is opening its first Canadian showroom in the Vancouver suburb of Burnaby. The move by the California EV maker marks a course change from a strategy that favored largely online contact with customers, Denise Cherry, senior director of design and retail development, said. The purchase process still…
Investing in Quality Auto Glass Restores Your Vehicle’s Value
Just like dents and dings happen on the doors, hood, and body of your vehicle, mishaps also affect the auto glass. Damaged auto glass detracts from the vehicle’s aesthetic appeal, and it also impacts safety while driving. If you plan to sell your vehicle, investing in quality auto glass restores its value in several key…
Snap-on (SNA) Q2 Earnings & Sales Surpass Estimates, Rise Y/Y
Snap-on Inc. SNA reported second-quarter 2023 results, wherein both earnings and revenues beat the Zacks Consensus Estimate. Moreover, sales and earnings advanced year over year. Results have benefited from continued positive business momentum and contributions from its Value Creation plan. Shares of this Zacks Rank #2 (Buy) company have gained 13.7% in the past three…
Toyota’s factory-installed accessories push could cost dealers
Toyota has been focusing on its accessories/customization business since 2017 and has seen those revenues more than double in that period, said Chris Nielsen, executive vice president of product support and chief quality officer for Toyota Motor North America. “I think we realized that we really weren’t doing everything we could to support the customers”…
Magna to build three plants to supply Ford Blue Oval City
Magna’s project is the latest example of a major supplier investing to alter its manufacturing footprint with an eye toward winning EV-related businesses as the industry’s electrification push continues. This is the third significant investment Magna has made in its battery enclosure manufacturing footprint in the past year. In that time, the company also committed…