Industry

Huge changes are taking place behind the scenes in Formula One. American media giant Liberty Media on Wednesday finalized a deal to wrest control of the commercial aspects of Formula One from the current consortium of owners, led by private equity firm CVC Partners. The deal values the sport at...

American media giant Liberty Media is reportedly close to completing a deal to wrest control of the commercial aspects of Formula One. Citing people familiar with the matter, the Financial Times on Sunday reported that Liberty Media is in advanced talks with private equity firm CVC Partners in a...

At March’s 2016 Geneva auto show, a Chinese firm by the name of Techrules rolled out a supercar concept driven by an extended-range electric powertrain where the range-extender was a jet turbine. Few at the time thought much about the car, since it seems to be a trend among electric car...

Singapore on Thursday became the first country in the world with a fully autonomous ride-sharing service offered to the public. The service is being run on a trial basis by American startup nuTonomy, which was formed by researchers at MIT and beat much larger firms such as General Motors Company...

Bentley coupes, sedans, and, yes, even SUVs could have some refreshed styling on the outside in the coming years thanks to a management shakeup. The high-end British luxury car maker has appointed John Paul Gregory as its new Head of Exterior Design. He's been with the brand for more than eight...

Volvo and ride-sharing giant Uber have announced plans to join forces in the area of autonomous driving technology. Similar to the deal between Fiat Chrysler Automobiles [NYSE:FCAU] and Google, Volvo will supply Uber with cars fitted with autonomous driving systems for development and testing...

After wowing audiences in April with the unveiling of its LeSee concept car at the 2016 Beijing auto show, Chinese tech giant LeEco appears to be moving ahead with plans to start car production. The company, famous for its smartphones and online streaming services, announced on Wednesday that it...

It was only yesterday that we reported on the plans of Karma, an automaker owned by Chinese auto parts giant Wanxiang and born out of the remains of bankrupt Fisker Automotive, to sell an updated version of the Fisker Karma through franchised stores as well as its own “brand experience...

Karma, the company born out of the remains of bankrupt automaker Fisker Automotive, hopes to be selling its updated version of the Fisker Karma by the end of 2016. The extended-range electric sedan, which will be known as the Karma Revero, will be sourced from a new plant set up in Moreno Valley...

Remember when BMW owned Land Rover and put BMW V-8s under the hoods of Range Rovers? History might repeat itself. According to Automobile, a deal is in the works between BMW and Jaguar Land Rover that would place BMW's next-generation V-8 engine under the hood of high-end Jaguar and Land Rover...

Danish designer Anders Warming has left the BMW Group where he worked for the past 16 years to join fellow German automaker Borgward. Borgward went out of business more than half a century ago but was recently revived by a descendant of the founder of the original company, as well as Chinese...

After a fierce battle for market share in China’s ride-sharing industry over the past year, Uber looks to have finally thrown in the towel. In a deal expected to be formally announced tomorrow, Uber will sell its Chinese arm Uber China to local rival Didi Chuxing. ALSO SEE: Why Ford is making...

It’s emerged that Fiat Chrysler Automobiles [NYSE:FCAU] may be looking at a Federal Grand Jury investigation into its sales numbers. According to Automotive News (subscription required), some of FCA’s dealers in the United States have received subpoenas to provide documents and or...

Ferrari [NYSE:RACE] is close to finalizing development of a modular platform that will underpin its next generation of cars starting with a replacement for the California due out in the next year or two. The platform needed to be highly flexible so that it can underpin most of Ferrari’s...

J.D. Power isn't the end-all, be-all of automotive evaluation, but the data crunching firm is a solid and nearly comprehensive start when looking for a new car. Along with its annual Dependability and Initial Quality studies, another of J.D. Power’s useful tools is the Automotive Performance...

Detroit’s annual auto show may be one of the biggest and most prestigious in the world but Porsche has decided to drop it from its calendar. The German sports car marque has confirmed it will skip the 2017 show, scheduled for January 8-22. Auto Motor und Sport reported on Tuesday that Porsche...

Less than two years after announcing plans to build its Gigafactory in Nevada, Tesla Motors [NSDQ:TSLA] on Tuesday opened the doors and allowed media to take a look inside. A formal opening ceremony for the $5 billion battery plant is scheduled for Friday. Though already operational, only about 14...

McLaren has revealed that North American buyers snapped up 519 of its cars in 2015, which represents almost a third of the 1,648 the sports car marque delivered that year. McLaren still only delivers a fraction of the cars that Ferrari [NYSE:RACE] does (7,664 in 2015 for the Italian), but it...

Tesla Motors [NSDQ:TSLA] CEO Elon Musk on Wednesday revealed an overarching strategy that lays out the electric car company’s plans for the coming decade. It is the second time Tesla has released such a strategy, which the company calls a Master Plan, and while it serves as a handy...

Fiat Chrysler Automobiles [NYSE:FCAU] on Monday confirmed an investigation by the Securities and Exchange Commission and Justice Department into sales numbers reported in its financial statements. The investigation comes after a pair of Chicago-area dealers in January filed civil lawsuits against...