DETROIT — Ford Motor Co. on Wednesday posted a third-quarter decline of $827 million that it mostly blames on freshly disclosed plans to shut down Argo AI, a self-driving automobile advancement company the automaker experienced invested in seriously. CEO Jim Farley explained the enterprise now thinks mass deployment of absolutely […]
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Barrett-Jackson’s Houston auction hauls in $31.4 million
1967 Chevrolet Corvette Custom convertible went for $379,500 SCOTTSDALE, Ariz. – Barrett-Jackson is wrapping up its most successful year in the company’s 50+ year history following the Houston Auction at NRG Center, October 20-22, 2022. In total, 481 vehicles sold at No Reserve for over $30.6 million, while 269 pieces of automobilia sold for […]
NYC Buys 184 Ford Mustang Mach-E GT Police Cars for $11.4 Million
This statement is bound to inflame some passions, but nonetheless remains technically true. After almost three decades, America finally has another official Ford Mustang police car, heir to the legendary Fox body SSP from the 1980s, in the form of the electric Ford Mustang Mach-E. And now we’re about to […]
GM Ups EV Charging Investment to Roughly $750 Million Through 2025
There’s a chicken-and-egg thing about electric vehicles and charging infrastructure that dates all the way back to their first boom—if you can call it that—at the start of the 1900s. Will people buy EVs without charging networks? Will charging networks organically crop up if people buy enough EVs? We’ve kind […]
Tesla’s Cheap 94-Mile Model 3 Has Cost Canadian Taxpayers $115 Million
Earlier this year, we told you about Tesla’s ultra-low range Model 3 sold exclusively in Canada. The no-frills EV has only 94 miles (151 kilometers) of range and no Autopilot to boot. Thanks to these limitations, Tesla was able to price this particular example low enough to qualify for Canada’s […]
Hyundai Clocks 1 Million Kilometers With Hydrogen Truck Fleet
After largely disappearing from public consciousness for a while, hydrogen fuel cell technology has been coming back in big way in recent years. Hyundai has been a major part of this push, developing several hydrogen-powered cars and bringing them to market in the limited areas where refueling infrastructure exists. On […]
Tesla Posts First-Ever Full Year Profit at $721 Million
Tesla has pulled off yet another profitable quarter. The electric automaker announced its quarterly and year-end earnings on Wednesday after the bell, revealing it had achieved record revenue, thanks in part to increased production volume and regulatory credit sales. Tesla’s year-end earnings stand at a net profit of $721 million, […]
Autonomous Open-Wheelers Will Race at Indianapolis Next Year for a $1 Million Prize
Motorsport may have once been a technological wellspring from which road car tech could sometimes be skimmed, but today, the link between race and road cars is tenuous at best. If it’s a relationship the racing world wants to rebuild, it will have to turn its attention to new technological […]
GM Posts an Improbable $294 Million Q1 Profit Thanks to Truck Sales
Good morning and welcome back to Speed Lines, The Drive’s morning roundup of the most important transportation news. Today we’re talking about General Motors’ strong truck sales, Volvos with Lidar and how traffic deaths were down again in 2019. The Trucks Ride To GM’s Rescue At the beginning of this […]