SEOUL — Hyundai Motor Co posted a first-quarter profit that nearly tripled to its highest in four years as people bought its luxury cars, but warned it would have to adjust production again in May because of a chip shortage. Unlike its rivals, the South Korean automaker staved off production halts in the first quarter, …
Hyundai Q1 profit triples, as it adjusts production due to chip shortage Read More »
BERLIN — Daimler will cut working hours for up to 18,500 employees and temporarily halt production at two plants in Germany due to a shortage of semiconductor chips that has hit global car production, it said on Wednesday. “Currently, there is a worldwide supply shortage of certain semiconductor components,” a spokeswoman said. “We continue to …
Daimler cuts hours for up to 18,500 workers over chip shortage Read More »
WASHINGTON — Honda said on Wednesday it had confirmed the 19th U.S. death tied to a ruptured Takata airbag inflator since 2009 — and the 16th in one of its vehicles. The Japanese automaker said that following a joint inspection, the company and the National Highway Traffic Safety Administration (NHTSA) confirmed that a defective Takata …
Honda confirms 19th U.S. death due to recalled Takata airbag Read More »
PARIS — Renault’s sales fell for a fifth straight quarter as the French carmaker struggled to shrug off the fallout from the pandemic without a major presence in booming Chinese markets and a global shortage of electronic chips hit production. Under Chief Executive Officer Luca de Meo, who took the reins last July, Renault is …
Lagging rivals, Renault sales fall for fifth straight quarter Read More »
Anyone who regularly follows our reporting on the biggest discounts on new cars already knows that the largest sums of money are generally lopped off the sticker prices of the priciest vehicles. It just makes sense. The formula holds true in April, with the 2020 Audi R8 leading the way. It’s important to note that …
It’s a good time to get a great deal on a new sports car Read More »
The 2023 Cadillac Lyriq is the latest electric luxury crossover to enter a quickly growing segment. It brings with it the company’s trademark creased design language along with high-tech features and an impressive amount of range. The Cadillac also happens to have a price and specifications that put it square in the middle of a …
2023 Cadillac Lyriq vs Tesla Model Y, Audi E-Tron, Jaguar I-Pace | Specs compared Read More »
One of the perks of running a carmaker is that your wishes are orders when it comes to one-off builds. Henry Ford II enjoyed this privilege during his time at Ford’s helm, and one of the cars created specifically for him to drive during his business trips to the United Kingdom is scheduled to cross …
It’s good to be the king: SVE made Henry Ford II the world’s nicest ’81 Ford Capri Read More »
They’ve outgrown the old facilities The massive McLaren Headquarters takes up a large chunk of the countryside in Surrey. Two years ago, Texas made them an offer they couldn’t refuse, so a majority of workers are now in Dallas. As reported by The Guardian, the old buildings were the brainchild of Ron Dennis, and they …
Ferrari is known as one of the most world-renowned supercar manufacturers, with car enthusiasts of all kinds hoping for the day to secure their own supercar. The day may come sooner than later but in the instance of the luxury lifestyle portion of the Italian manufacturer. In this special, we have compiled a list of …
BMWs are expensive cars, so they’re usually quite expensive to insure. That’s just the way it is. However, some premium cars are more expensive than others and there are a variety of reasons for why; value, repair costs, safety, and even potential for theft are all factored into whether a car is expensive to insure. …
BMW Has Three of the Most Expensive Cars to Insure in the U.S. Read More »