Tag: Automobiles

Supply Chain Snarls for Cars on Display at a Kansas Terminal

KANSAS CITY, Kan. — Just after 5:30 on a chilly November morning, David Heide arrives at the shipping terminal on the industrial fringes of Kansas City, Kan., wondering what fresh torment the day has in store. His company, Jack Cooper Transport, delivers new cars to dealerships from auto factories around the United States. It carries […]

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How Tesla Helps China’s Firms Compete With the U.S.

Forty-two years ago, Liu Siong Song built machines to help factories make cheap toys and watches. Then he made them for motorcycle companies. Now he helps Tesla, in the words of Elon Musk, “make full-size cars in the same way that toy cars are made.” Mr. Liu, 69, may have come full circle, in a […]

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Volkswagen C.E.O. Herbert Diess Sets Sights on Beating Tesla

WOLFSBURG, Germany — In July, when Herbert Diess, Volkswagen’s chief executive, wanted to congratulate the company for a strong first half of the year, he posted a video of himself zipping across a waterway at the company’s headquarters in Wolfsburg on an electric hydrofoil, delivering a message of thanks to VW’s roughly 200,000 workers. “I […]

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High Gas Prices Force Sacrifices, Like Travel and Dining Out

A driver in Belleville, N.J., cut his cable and downsized his apartment to save money for gas. A retiree in Vallejo, Calif., said he had stopped driving to go fishing because the miles cost too much in fuel. An auto repairman in Toms River, N.J., doesn’t go to restaurants as often. And an Uber Eats […]

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How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese

China Molybdenum lined up about $700 million of that total as loans from Chinese state-backed banks, including China Construction Bank. BHR raised the remaining amount from obscure entities with names like Design Time Limited, an offshore company controlled by China Construction’s investment bank, according to the Hong Kong filings. Before the deal was done, BHR […]

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Leasing a Car? Here’s Why You Can Get a Good Deal if You Buy.

For drivers with leases, the gap between the projected price and current market price may be substantial. The auto search website iSeeCars recently compared current prices for three-year-old cars and estimated buyout values of new models leased in 2018 and found that the average car may be worth 36 percent more than the value estimated […]

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Ford Announces Partnership to Assure Steady Flow of U.S.-Made Chips

With increasingly sophisticated cars devouring more and more computing power, a shortage of semiconductors has vexed automakers and disrupted production around the world. Ford Motor moved Thursday to address that challenge, announcing a collaboration that could give the company more control over both the supply and the design of its chips — the brains needed […]

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Horse Carriage Ban in New York? De Blasio Wants to Try Again.

When Bill de Blasio first ran for mayor of New York City, he promised to ban horse-drawn carriages “on Day 1.” Eight years later, with just six weeks left in office, Mr. de Blasio is trying one last time to fulfill that pledge. His administration is developing legislation that would phase out the use of […]

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He Helped Build Tesla. Now He Hopes to Do the Same at Lucid.

But mass producing automobiles is a challenge of a different magnitude. Initial versions of the Air cost almost $35,000 more than a top-of-the-line Tesla Model S Plaid. To be profitable, Lucid must appeal to more than just a superwealthy elite. “Lucid’s biggest risks are getting to scale and capacity,” said Daniel Ives, a senior analyst […]

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How Leather Seats in Luxury SUVs Fuel Amazon Deforestation

JBS disagreed with the criteria used by the prosecutors and agreed to improve its monitoring system, block suppliers flagged by the research and donate $900,000 to the state in response to the audit. To get a sense of scale of the ranches operating in vulnerable areas across the Brazilian Amazon, The Times overlaid government maps […]

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Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.

“This is the first step of many, with us being a public company, and now having the opportunity to really accelerate our areas of focus,” Mr. Scaringe said Wednesday in an interview with Bloomberg Television. Rivian’s upscale pickup truck, the R1T, is aimed at drivers who like off-roading. (“Keep the world adventurous forever,” the I.P.O. […]

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6 Automakers and 30 Countries Say They’ll Phase Out Gasoline Car Sales

GLASGOW — At least six major automakers — including Ford, Mercedes-Benz, General Motors and Volvo — and 31 national governments pledged on Wednesday to work toward phasing out sales of new gasoline and diesel-powered vehicles by 2040 worldwide, and by 2035 in “leading markets.” But some of the world’s biggest car manufacturers, including Toyota, Volkswagen, […]

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Rivian prices its I.P.O., valuing the electric-vehicle maker at nearly $70 billion.

Rivian, a maker of electric trucks and vans, is going public at a stock price that values the company at nearly $70 billion, a remarkable number that highlights the belief on Wall Street that the fast-growing electric vehicle market is still a wide-open field. In a securities filing on Tuesday, Rivian said it was selling […]

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6 Automakers and 31 Countries Say They’ll Phase Out Gasoline Car Sales

GLASGOW — At least six major automakers — including Ford, Mercedes-Benz, General Motors and Volvo — and more than two dozen national governments pledged on Wednesday to work toward phasing out sales of new gasoline and diesel-powered vehicles by 2040 worldwide, and by 2035 in “leading markets.” But some of the world’s biggest car manufacturers, […]

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How to Turn a Red State Green

One word: jobs. Full-time, well-paying jobs. And not just the 11,000 permanent jobs at the two new manufacturing sites, but also thousands upon thousands of construction and infrastructure jobs to build and maintain the huge campuses. Bob Rolfe, commissioner of the Tennessee Department of Economic and Community Development, estimates that the West Tennessee site alone […]

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Chip Shortage Creates New Power Players

SAN FRANCISCO — Since 1989, Microchip Technology has operated in an unglamorous backwater of the electronics industry, making chips called microcontrollers that add computing power to cars, industrial equipment and many other products. Now a global chip shortage has elevated the company’s profile. Demand for Microchip’s products is running more than 50 percent higher than […]

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To Protest Iran’s Anti-Gay Abuses, an Artist Painted a Dictator’s Car

The Paykan was the first car manufactured in Iran. Produced from 1967 to 2015, it started life as a licensed copy of an outmoded British vehicle, the Hillman Hunter, but it nevertheless became a symbol of national pride, priced for middle-class Iranians. Paykans eventually became ubiquitous on the streets of Tehran, serving as sedans, wagons, […]

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China’s Popular Electric Vehicles Have Put Europe’s Automakers on Notice

FRANKFURT — The name MG used to be synonymous with spirited but finicky sports cars from Britain. Nowadays the iconic octagonal badge serves a different kind of motoring ambition: China’s push to become a big player in the global auto market. SAIC Motor, one of China’s Big Four automakers, bought the MG brand in 2007 […]

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Old Power Gear Is Slowing Use of Clean Energy and Electric Cars

Seven months after workers finished installing solar panels atop the Garcia family home near Stanford University, the system is little more than a roof ornament. The problem: The local utility’s equipment is so overloaded that there is no place for the electricity produced by the panels to go. “We wasted 30,000-something dollars on a system […]

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General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage

Two big Detroit automakers said Wednesday that the worldwide shortage of computer chips had weighed on their third-quarter earnings, but there were signs that the worst of the disruption was behind them. Of the two, Ford Motor fared better. Its revenue fell about 5 percent from a year earlier, to $35.7 billion, while General Motors’ […]

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Hertz Places Order for 100,000 Tesla Vehicles

Hertz, the car rental agency, said on Monday that it had placed an order for 100,000 Teslas, a sign of growing momentum in the shift to electric vehicles. The order, which is expected to be delivered by the end of next year, would give Hertz one of the world’s largest fleets of rental electric vehicles. […]

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Supply Chain Shortages: Your Questions Answered

The dramatic surge in demand clogged the system for transporting goods to the factories that needed them. At the same time, finished products — many of them made in China — piled up in warehouses and at ports throughout Asia because of a profound shortage of shipping containers, the standard-size steel boxes that carry goods […]

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Italy’s Car Museums Offer More Than Just Ferrari And Lamborghini

MILAN — Quickly now: What single word comes to mind when the subject of Italian automobile museums comes up at a cocktail party? Ferrari. Of course. Or perhaps Maserati. Or maybe Lamborghini. But for the next thousand words or so, put aside those knee-jerk responses. For now, let’s think out of the auto museum box. […]

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Foxconn Unveils Electric Vehicle Prototypes

Foxconn, the Taiwanese electronics giant that assembles Apple’s iPhones, on Monday showed off the first physical fruits of its effort to become a major player in electric vehicles: a luxury sedan, a sport-utility vehicle and a bus. The unveiling of the prototypes in Taipei, Taiwan’s capital, came just a year after Foxconn executives declared their […]

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A Nostalgic Quest to Buy a 1986 Toyota MR2

BETHLEHEM, N.H. — Car and Driver magazine said it was one of the 10 best autos of 1986, gushing that “any car with a higher fun-per-dollar quotient would never be allowed by the I.R.S.” In a separate review, it noted the car’s “finely balanced handling, its superb five-speed gearbox and its jewel-like twin-cam, sixteen-valve, four-cylinder […]

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Toyota to Cut November Production 15% Amid Chip Shortages

The Japanese automaker Toyota said on Friday that it would cut November production targets at home and abroad by as much as 15 percent as the pandemic and a global semiconductor shortage have made it difficult for the company to meet its short-term manufacturing goals. Automakers worldwide have struggled to keep up with rebounding demand […]

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Supply Chain Crisis Has New Car Buyers Turning to Backup Options

Mr. Korum believes a refreshed full lineup from Nissan has helped sales, but a shortage of competitors’ models is drawing even more people to his showroom, he said. Updated  Oct. 14, 2021, 10:00 a.m. ET “It’s not just pickups,” he said. “People that can’t find RAV4s, CR-Vs and Civics are finding the redesigned Rogue and […]

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