LMP Automotive Holdings Inc.’s CFO for about eight months has resigned, the new franchised dealership owner, used-car seller and vehicle subscription company said in a regulatory filing. Evan Bernstein, the former Braman Automotive Dealerships finance chief who publicly traded LMP announced as CFO last September, is resigning effective April 16, according to the Wednesday filing.
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Honda Civic Type R Full Overview When we first drove the 2021 Honda Civic Type R Limited Edition, we reported that the seemingly small list of upgrades made a huge difference in how the car drove. Are the differences really big enough to quantify? We took the short-run special to the racetrack to find out,
In a tightening horse race, Mercedes-Benz returned to the front in luxury segment sales for the first quarter, powered by strong demand for its luxury crossovers. But its lead has narrowed from a year earlier. In the first quarter of 2020, Mercedes was in first place with a comfortable 11,400-vehicle distance from the segment’s third-place
Toyota Highlander Full Overview The Toyota Highlander is known for being a reliable, good-looking three-row SUV, but among the list of adjectives used to describe it, sporty is not on our list. New for 2021 is the Highlander XSE, which swaps its elegant lines for a more dynamic appearance. With a unique grille, fascia, lower
Self-driving truck startup TuSimple Holdings Inc. said on Wednesday it was targeting a valuation of more than $8 billion in its U.S. initial public offering. TuSimple is the third company to announce plans to raise more than a billion dollars through share sales on Wednesday, as companies continue to tap into the red-hot U.S. IPO
We knew the GMC Hummer EV SUV was coming a year after the GMC Hummer EV electric pickup truck, which is why we were confused to learn the pickup launches for the 2022 model year but the companion SUV is a 2024 model. What gives? General Motors has been pushing this program hard, so any
Shares of lidar sensor startup Innoviz rose on Tuesday, its first day trading as a public company. The Tel Aviv, Israel-based firm is developing the sensors, which help self-driving vehicles gain a 3D view of the road. The company has a partnership with BMW to sell the automaker its first generation of sensors, which cost around $1,000. Innoviz
Ford Mustang Full Overview Rest in thunder, 2016 to 2020 Shelby GT350. Your ethereal 5.2-liter Voodoo V-8 was too good for this low-redline world; not even the recently introduced, supercar-baiting GT500’s 7,500-rpm cutoff can match your 8,250-rpm supernova scream. Your loss is so profoundly felt, we’ve been casting about for some car—any car—to fill the
Dealership owner Bernie Moreno is entering the race for one of Ohio’s seats in the U.S. Senate, the Cleveland-area businessman said Tuesday. Moreno, 54, is vying for the GOP nomination to succeed Sen. Rob Portman, a Republican who announced in January that he will not seek reelection. Portman’s term expires in 2022. “For me, it’s
Nissan Kicks Full Overview Consumer hunger for crossovers of all shapes and sizes has led automakers to respond to the demand by filling every niche imaginable with vehicles aimed to serve specific purposes. The Nissan Kicks is one such vehicle that does battle in the subcompact crossover segment, which contains nearly 20 vehicles. We spent
Intel Corp. CEO Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden’s administration for April 12 to discuss the semiconductor supply chain issues disrupting U.S. automotive factories, according to a person familiar with the matter. Reuters previously reported the meeting will include Biden’s national security adviser, Jake Sullivan, and a
You know Ken Block, Hoonigan, the Gymkhana series—and Block’s long relationship with Ford. As of this year, that relationship has come to an end. It’s not clear what brand relationship is next for Block, or whether there is one, but it does mean that there are apparently a few Fords that won’t be part of
Now that legacy automakers are delivering credible competitors to Tesla’s lineup of upscale performance-oriented electric vehicles, one of the auto industry’s biggest unanswered questions is now being addressed: Who can lure customers away from the allure of Elon Musk’s juggernaut? It won’t be easy. Against stiffening competition, Tesla continues to dominate the EV market in
New name aside, the GR 86 copies the recipe for Toyota’s former 86, a rear-wheel-drive 2+2 coupe—meaning it is once again mechanically identical to the Subaru BRZ. That both affordable sports cars lived to see a second generation and keep doing battle with the likes of Mazda’s MX-5 Miata and, somewhat tangentially, the soon-to-be-replaced Nissan
DETROIT — Jeep Wrangler enthusiasts who take their trail cruisers off-road are no strangers to tree-lined forests that provide a natural cover overhead. Now Jeep, which is jumping into electrification with the Wrangler 4xe plug-in hybrid and other models down the line, is building a different kind of canopy that will send juice to its
The aforementioned quintet of SUVs proves it. These days, Americans are gobbling up sport-utes of all shapes and sizes. There is niche after niche to be filled—heck, automakers have even toyed with convertible SUVs. But the luxury crossover with the sloping roofline owes its origins (at least in part) to an Acura that is virtually
President Joe Biden’s sprawling infrastructure proposal unveiled last week echoes many of the goals outlined by the auto industry through its persistent attempts to influence the administration’s strategy on expanding clean energy, speeding the adoption of electric vehicles and competing with China. In a six-page letter dated Monday, March 29 — two days before Biden
GMC’s Hummer sub-brand—yes, a revival of that GM brand, shuttered back in 2010—adds a new member to the family in the form of the 2024 Hummer EV SUV. Sharing its key design details with the previously unveiled GMC Hummer EV pickup, the Hummer EV SUV alters the truck’s formula slightly by way of its enclosed
DETROIT — GMC is expanding the Hummer EV lineup with an SUV, a more urban and family-oriented version of the 2022 pickup, and will begin sales with a special launch model priced at more than $100,000. The 2024 Hummer SUV Edition 1, which General Motors plans to start building in early 2023, is powered by
The global pandemic requires a global response, something that’s been clear from the beginning. The difference between understanding that and actually carrying it out is vast—but getting vaccines to isolated populations in developing countries also something that doctors have had significant experience with in the last few decades. Several of the COVID-19 vaccines present additional
Argo AI, the self-driving startup backed by Ford Motor Co. and Volkswagen Group, is considering going public as soon as this year, according to people familiar with its plans. Bryan Salesky, Argo’s co-founder, told employees in an all-hands meeting April 1 the company is looking to boost its funding as it comes closer to commercializing
There is a peace of mind knowing that a vehicle is covered by a good warranty. It’s not like owners expect anything to go wrong, but modern vehicles and their thousands of associated bits ‘n pieces are bound to be too dang expensive to cover out-of-pocket. Plus, vehicle fixes are increasingly electrical and decreasingly mechanical.
Two House Democrats introduced a bill Thursday that would expand a loan program within the Department of Energy for projects that are committed to the production of fuel-efficient vehicles and parts. The bill is sponsored by Reps. Debbie Dingell of Michigan and Julia Brownley of California would update the Energy Department’s Advanced Technology Vehicles Manufacturing
Don’t let the 2021 Lexus IS300 AWD‘s name deceive you; while the $40,025 rear-drive IS300 uses a 241-hp turbocharged 2.0-liter I-4 for motivation, the $42,025 all-wheel-drive IS300 has a 3.5-liter V-6. So despite sharing a badge with a four-cylinder car, it actually shares its engine with the pricier IS350 F Sport that stickers for $43,925 in rear-drive guise
Tesla Inc. delivered 184,800 cars worldwide in the first quarter of 2021, up from 180,570 in the fourth quarter, the maker of electric vehicles said in a statement Friday. “We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity,” the company said. The new
Believe it or not, Kim Kardashian actually has a pretty solid track record when it comes to her personal fleet of vehicles. Most of them have either been left stock, or else tastefully modded. Her Rollers, Bentleys, and Ferraris haven’t quite cut against the grain in the same way as, say, Kanye West’s cars have.
WASHINGTON — Ford Motor Co. will resume making political donations and will not rule out donations to those lawmakers who voted on Jan. 6 against certifying President Joe Biden’s election win, according to a letter from Ford seen by Reuters. The automaker was among many companies that suspended political donations earlier this year pending a
We’ve largely enjoyed a lot of cricket noises on the alternative powertrain front where Chrysler/Dodge/Jeep/Stellantis is concerned—at least ever since the Daimler divorce. (Remember the fuel-cell-powered Commander 2 Concept of 2001, which included a full refinery under the hood to separate hydrogen from methanol, which must have been slightly easier to come by than hydrogen
Editor’s note: A previous version of this story misstated the date of CarMax’s purchase of a minority stake in Edmunds. CarMax said Thursday it has signed a definitive agreement to acquire a remaining stake in Edmunds, the automotive research and vehicle-listings company. With CarMax’s previous $50 million minority stake, the total enterprise value of the
Repair American Roads and Bridges One in five miles, or 173,000 total miles, of our highways and major roads are in poor condition, as well as 45,000 bridges. Delays caused by traffic congestion alone cost over $160 billion per year, and motorists are forced to pay over $1,000 every year in wasted time and fuel.
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