Industry
-
Earlier this year we got word that Miller Motorsports Park was set to close up shop. The Utah racing facility operated by the Larry H. Miller group stated that it would not be renewing its lease. The Tooele County land had been turned into a motorsports facility ten years ago, and the county isn't ready to see that go away. That's why a team was working to find a buyer, and that buyer has arrived from China. ALSO SEE: Dodge SRT Hellcats And HEMIs Could Die In 2019 Mitime Investment & Development Group is going to be the new operators of Miller Motorsports Park. Mitime is owned by the...
-
Nürburgring Operator To Make Track Safer, Lift Speed LimitsIn some welcome news, the Nürburgring’s operator Capricorn has confirmed it will be making moves to remove the speed limits it imposed on certain sections of the track last June. The speed limits, which effectively ended the possibility of challenging the Nürburgring-Nordschleife...
Viknesh Vijayenthiran -
Saab Parent NEVS Forms Alliance With China's DongfengBack in May, Saab parent company National Electric Vehicle Sweden (NEVS) was thrown a lifeline by the Chinese government when two state-owned entities signed an agreement with the struggling firm for future collaboration in the area of R&D. Now it’s been confirmed that state-owned Chinese...
Viknesh Vijayenthiran -
Report: Apple meets with Californian autonomous car test facilityWhile Google has made little secret of its efforts to develop its own car, complete with fully autonomous capability, rival tech giant Apple is yet to make its own plans—or lack thereof—known. However, despite Apple’s penchant for secrecy, there are several clues that suggest the...
Viknesh Vijayenthiran -
Tesla Issues More Stock In Quest To Raise $500 MillionIn its second quarter financial results announced earlier in the month, Tesla Motors [NSDQ:TSLA] revealed that it had burned through $1.12 billion over the first six months of this year. Given the number of projects the company is working on, such as the Model X arriving this fall as well as the...
Viknesh Vijayenthiran -
Audi Q6 e-tron Electric SUV To Feature Batteries From LG Chem And Samsung SDIAudi is working on an electric SUV to challenge Tesla Motors’ [NSDQ:TSLA] Model X, and today the German automaker marked a major milestone in the vehicle’s gestation. We are, of course, talking about the Q6 e-tron, which will be previewed in concept form at next month’s Frankfurt...
Viknesh Vijayenthiran -
Since taking over the reins at Cadillac two years ago, Audi veteran Johan de Nysschen has set about distinguishing the brand from its General Motors Company [NYSE:GM] parent by moving its headquarters to Manhattan, turning it into a separate business unit and convincing its dealers to avoid dropping prices simply to move metal. ALSO SEE: Spoiled Son Sets Fire To Gifted Ferrari In Order To Upgrade To New Model In the future, de Nysschen hopes to have an even higher level of autonomy and be able to deliver separate financial reports, similar to how his former employer Audi works within the...
-
Lexus To Test No-Haggle PricingOne of the most painful parts of buying a car is the haggling process. We have to assume that the sale folks hate it. We know that car buyers hate it. It's so frustrating that an entire company has sprung up around the fact that you can buy cars from them with the prices being firm and upfront...
Jeff Glucker -
Former Chairman Voices Concerns Over Ferrari Going PublicLast fall, longstanding Ferrari chairman Luca di Montezemolo, arguably the most influential person to have worked at the Prancing Horse after founder Enzo Ferrari, stepped down from the head role, passing the baton on to Fiat Chrysler Automobiles [NYSE:FCAU] CEO Sergio Marchionne. Just weeks before...
Viknesh Vijayenthiran -
Tesla Model X Deliveries Start September, Model 3 Design To Be Shown Early 2016Tesla Motors [NSDQ:TSLA] has released a bundle of information about its future plans in a letter to shareholders outlining its second quarter financial results. In the letter, CEO Elon Musk revealed that production of the Model S reached a new record of 12,807 cars, and that deliveries for the...
Viknesh Vijayenthiran -
FCA Adds Four-Wheel-Drive Dyno For Extreme Weather TestingFiat Chrysler Automobiles [NYSE:FCAU] has just invested $2.5 million into its Chrysler Technology Center. The reason for the quick cash spend? The installation of an upgraded four-wheel-drive dyno that can handle plenty of power while the CTC kicks out brutal temperatures. Inside the center, test...
Jeff Glucker -
Mercedes and Infiniti form Mexican joint venture for next-gen compact car productionRoughly one year ago, Mercedes-Benz and Infiniti confirmed plans to build their next-generation compact cars at a new plant located next to an existing Nissan facility in Aguascalientes, Mexico. Today, the two automakers formed a joint venture that will be responsible for production of the new...
Viknesh Vijayenthiran -
Whether Apple is planning to make its own car has been a hot topic of speculation for years. And none of the technology giant's recent moves have done anything but stoke the fires of the rumor mill. According to Automotive News (subscription required), Apple executives—including CEO Tim Cook—visited BMW's headquarters sometime last year, and the team was treated to an extensive tour of the facilities used to build the electric i3 city car. While there was some talk of BMW licensing parts, the alleged takeaway was that Apple wasn't looking for a partner, but rather had embarked on...
-
Audi, BMW and Mercedes acquire Nokia’s HERE Maps in $3.1 billion dealIn a historic move, Germany’s three major premium automakers Audi, BMW and Mercedes-Benz parent company Daimler have joined forces to acquire Nokia’s HERE digital mapping and location services business. The deal, which should be finalized by early 2016, is valued at 2.8 billion euros...
Viknesh Vijayenthiran -
Spyker Exits Restructuring, Says It Will Develop Electric Cars And Planes With Volta VolareSpyker was forced into bankruptcy late last year by a Dutch court after it was determined the struggling sports car brand wouldn’t be able to pay back all of its creditors. A bridging loan provided to the firm in January meant Spyker was able to exit bankruptcy, although it still needed to...
Viknesh Vijayenthiran -
Teaching The Teachers: Track School For JournalistsAs part of our job here at Motor Authority, we test performance cars in a performance environment. That means we spend several days every year at race tracks wringing the living daylights out of the latest sports sedans, sports cars, and even supercars. We do this as a service to you, our loyal...
Kirk Bell -
GM And China’s SAIC To Develop New Platform For Emerging Market VehiclesGeneral Motors Company [NYSE:GM] is embarking on a bold new plan to grow sales in emerging markets. The plan calls for a new family of affordable but tech-rich vehicles based on a modular platform that GM will be developing with its Chinese partner Shanghai Automotive Industry Corp. GM will also...
Viknesh Vijayenthiran -
Volkswagen Leads Toyota In Global Sales For First Six Months Of 2015It was in 2007 that the Volkswagen Group first made the bold prediction that it would become the world’s biggest automaker by sales volume by 2018. At the time, combined sales for all brands under its control were around half of those of all Toyota brands. Fast forward to today and VW has...
Viknesh Vijayenthiran -
Acura has confirmed that it has appointed Jon Ikeda as its new chief, just as the brand prepares for the launch of its crucial second-generation NSX supercar. Former chief Mike Accavitti, a Chrysler veteran who only joined Honda in 2011 in a marketing role before being promoted to the head of the upmarket Acura division in 2014, has left the company, the reasons for which are not clear at present. Though Acura’s sales performance has waned in recent years, things were starting to turn around. Last year, Acura sales grew 1.5 percent to 167,843 units in the United States, and for the...
-
Ferrari IPO Filed On New York Stock ExchangeFiat Chrysler Automobiles [NYSE:FCAU] CEO Sergio Marchionne thinks Ferrari will be worth "at least" $11 billion dollars when it's finally floated on the New York Stock Exchange. And we're closer than ever to finding out whether he's right. ALSO SEE: LaFerrari Nearly Powerslides Right Into Oncoming...
John Coyle -
Porsche Ranks Highest In J.D. Power APEAL Study For 11th Year In A RowJ.D. Power isn't the end-all, be-all of automotive evaluation, but the influential research firm and its various studies are a solid and fairly comprehensive resource to consult when looking for a new car. One of the most popular with automakers and customers alike is the Automotive Performance...
Viknesh Vijayenthiran -
Former Chrysler Quality Chief Heads To Apple As Rumors FlyThe Apple car rumors are officially in full swing right now. Well, they've been in full swing for a a little bit now, but that swing just got a nice big push. According to the Detroit Free Press, Apple has recently hired Doug Betts, who was formerly a quality chief at Chrysler. This is pretty big...
Jeff Glucker -
Michigan Set To Open 32-Acre Autonomous Car Test 'City': VideoFlying cars still are still a pipe dream. But autonomous vehicles are coming—whether enthusiasts want them or not. Of course, there's a lot of work to be done before drivers—if we'll still call them that—will be able to hop into their cars, utter the computer equivalent of "home...
John Coyle -
Lincoln Continental To Be Built At Ford’s Flat Rock Plant In MichiganLincoln is in the process of overhauling its lineup, as well as introducing some brand new additions, and the next model we’re likely to see is a flagship sedan that will revive the Continental nameplate and serve as a replacement for the aging MKS. The new Continental was previewed in...
Viknesh Vijayenthiran