Industry

It's been a year since vacuum giant Dyson announced plans to build an electric car, something founder and chief engineer James Dyson has been hinting at since 2008. The company on Thursday gave an update on the plans, confirming that the former Hullavington air force base in southern England it...

Chinese electric car startup Nio on Tuesday launched an initial public offering, with its filing revealing the company intends to sell 160 million shares priced between $6.25 and $8.25. Hitting a share price in the upper range would raise $1.3 billion for the company's coffers and see it valued at...

Reports of Aston Martin launching an initial public offering (IPO) date back as far as the brand’s sale by Ford to a consortium led by Prodrive founder David Richards in 2008. Now it appears that the IPO is close to happening. The automaker announced Wednesday its intention to potentially...

Electric car startup Faraday Future appears to be back on track with development of its first model, the FF91, following a rough couple of years resulting from cash shortages and a senior executive exodus. The Chinese-backed, U.S-based company reached a major milestone Tuesday with the completion...

Toyota is deepening its ties with Uber. The Japanese auto giant announced Monday it will invest $500 million in Uber, which follows an undisclosed investment made in 2016. Toyota also said Monday it will integrate Uber's self-driving technology together with its own Toyota Guardian active safety...

Ford has promised to deliver a self-driving car by 2021. The automaker is targeting Level 4 self-driving capability, meaning the car will drive on its own but be limited on where it can go and in which whether conditions it can handle. A more capable Level 5 car that can completely replace a human...

GAC Motor is on track to be the first major Chinese automaker to launch in the United States. The state-owned company said in 2017 that it plans to start selling its cars in the U.S. in 2019, with the mid-size GS8 SUV confirmed as one of the first models. The automaker has already been showing its...

After consolidating its various operations under a single banner in 2016, Jaguar Land Rover's classic car division is set to reach the United States. The company announced last week that Savannah, Georgia will be home to the first Jaguar Land Rover Classic base outside of Europe. It will join two...

Being a test driver sounds like a pretty cool job. Automakers need people to log miles at every level of vehicle produced. Of course, this means that some test drivers have a lot more fun than others, such as Ford's tier-four drivers that get to pilot vehicles like the Mustang Shelby GT350-based...

It’s hard to overstate Elon Musk’s contributions to the 21st century. As one of PayPal’s founders, Musk cemented his fortune. As the dreamer behind SpaceX, he cemented his vision for humanity’s future. As Tesla’s CEO, he’s created an automaker that not only...

Ford recently made news when it purchased the defunct Michigan Central Station. Closed in 1988, the former Amtrak hub is now going to be turned into a tech center for the Blue Oval brand. Now Ford has revealed it will shell out hundreds of millions of dollars to get the old building into shape...

A reported subpoena from the Securities and Exchange Commission may add to the long list of growing worries for Tesla and its embattled CEO Elon Musk that now includes potential investor lawsuits, federal inquiries, and reports that the automaker's board of directors may not have been fully briefed...

Performance cars need to perform, and that means withstanding the rigors of track duty and the heat buildup it causes. We've seen that Chevrolet tests every Camaro SS and above (plus 1LE models) on a racetrack for 24 hours and that Audi Sport models do almost 5,000 miles on the Nürburgring...

Lincoln has been on a slow churn toward restoring long-lost former glory. Ford Motor Company's luxury brand is aiming for greatness, and the plan will either work or the company will fall back as a luxury also-ran. In an effort to nudge the ship in the right direction, Lincoln is looking for a few...

Editor’s note: This is the first in a 6-part series examining where the collector car hobby is headed in the next decade and beyond. Mark Gessler is president of the Historic Vehicle Association and National Historic Vehicle Register, a public/private partnership with the U.S. Department of...

China's Zhejiang Geely Holding Group is prepared to invest the necessary funds to make Lotus into a world-beating luxury and sports car brand. If Geely has its way, Lotus will be England's Porsche. And the Chinese automaker could dump as much as $2 billion into the brand to begin the process...

Ferrari hears the sweet ring of the cash register with every new car sold. The Italian company banks a profit of $80,000 per car sold and tops the industry, per a study from German economics professor Ferdinand Dudenhoffer. Motor1 translated the study's findings to show Ferrari's well-off margins...

Most major automakers offer electronic driver aids these days, some of which like Tesla's Autopilot can control the steering of a car. However, the performance levels of driver aids vary across brands and road conditions, in some cases dramatically. Currently, there's no independent body that...

Elon Musk disrupted multiple industries on Tuesday when the Tesla CEO [NASDAQ: TSLA] took to Twitter to float the idea of taking the Silicon Valley automaker private. Musk mused Tesla could be bought back at $420 per share. On Wednesday morning, multiple members of Tesla's board of directors signed...

Update: 3:53 pm EST: Tesla stock is now trading again. It opened today at $341.99 and is up 10.61 percent at $378.26 currently. ------------------------------------------ Update 3:44 pm EST: Tesla released a statement that was emailed to employees earlier today laying out the potential of taking...