LONDON — Aston Martin will reveal the first of its overhauled sports-car range at the end of this month, Chief Financial Officer Doug Lafferty said. The automaker has promised to reveal new versions of its three core sports-car models – the DB11, Vantage and DBS – over the next 12 months. The company has not…
Tag: current automotive news
Tesla will shoot for volume over profit: Elon Musk
Tesla missed market estimates for first-quarter total gross margin after cutting prices in the US and globally. The electric vehicle maker reported a total gross margin of 19 percent, compared with an expectation of 22 percent from analysts polled by Refinitiv, Reuters reported. Net income during the most recent period dropped 24 percent to $2.5…
Lloyd Reuss obituary: Former GM president championed engineering
DETROIT — Lloyd Reuss, a mechanical engineer who rose to become General Motors president in the early 1990s, died on Friday. He was 86. Reuss, a classic company man with sharp political instincts and a passion for performance, was the father of Mark Reuss, GM’s current president and head of the automaker’s regional and international…
Why Does a Cracked Windshield Spread?
A rock flies up and hits your windshield making a small crack. Uh oh. You know you have time, but how much time? Eventually, the crack will spread, obstruct your view, get you a ticket, and you’ll have to replace the entire windshield, something auto insurance typically doesn’t cover. So what exactly causes a small…
Why You Shouldn’t Wait to Fix a Damaged Windshield
We’ve all seen other drivers going down the road with a cracked or otherwise damaged windshield. Perhaps you’ve even done it yourself. As long as you can see, why should you worry about fixing something right away? Unfortunately, procrastination can be one of your worst enemies when it comes to repairing your windshield. The following…
Randy Marion Automotive buys 4 North Carolina dealerships
Growing Randy Marion Automotive Group bought four North Carolina dealerships in two separate first-quarter transactions to expand its portfolio in the state. Randy Marion Automotive in Mooresville, NC, on March 6 bought Gerry Wood Dodge of Salisbury, which also sells Chrysler, Jeep and Ram vehicles; Gerry Wood Honda; and Gerry Wood Kia from Gerry Wood,…
Rivian executive returns to McLaren
Rivian Automotive’s chief engineer, Charles Sanderson, has left the US EV startup for McLaren, his previous employer, McLaren said in a news release. Sanderson, who joined Rivian nearly five years ago to develop its R1 vehicle platform, returns to supercar maker McLaren in the role of chief technical officer, McLaren said earlier this week. “Mr….
Toyota’s hydrogen-powered Corolla race car catches fire
But Toyota executives said the fire, which occurred during a private test run at Fuji International Speedway, was unrelated to the car’s adoption of hydrogen fuel instead of gasoline. The cause, the company said, was a pipe joint loosened by vehicle vibration. “What I want everyone to understand today is that hydrogen was not the…