Tag Archives: Industry

Saudis reportedly in talks over investment in Tesla rival Lucid

The dealings surrounding Tesla CEO Elon Musk's plan to take the company private just got a lot more complex with a report out that Saudi Arabia, via its Public Investment Fund (PIF), is in talks with rival electric car brand Lucid Motors about a potential investment. Citing two people familiar with the matter, Reuters reported Sunday that PIF and Lucid have...

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Here’s how Ford trains high-performance test drivers

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 FP350S track car. At the moment, Ford says it has over 10,000...

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Opinion: It’s time for Tesla’s Elon Musk to step aside

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 established itself as a major force in a few short years but also...

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Opinion: It’s time for Tesla’s Elon Musk to step aside

It's hard to understate 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 established itself as a major force in a few short years but...

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Opinion: Time for Tesla’s Elon Musk to step aside

It's hard to understate 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 established itself as a major force in a few short years but...

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Chinese luxury EV brand Gyon debuts without a car

Yet another Chinese electric car startup has announced its intentions, only this one doesn't have a flashy concept to show us just yet. The new company goes by the name Gyon, and its launch took place on August 8 in Los Angeles, California. Present at the event was Tom LaSorda, a former Chrysler CEO and a board member of Fisker before it went under in 2013...

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Ford to spend $740M to turn Detroit train station into tech HQ

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. According to a Tuesday report from Reuters, Ford is earmarking...

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SEC subpoenas, board surprised, investor lawsuits: Tesla woes mounting?

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 on plans to go private. On Wednesday, Charles Gasparino...

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All SRT products undergo 24 hours of racetrack endurance testing

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. Now Motor Authority has learned that all SRT products are...

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Lincoln asking top dealers to create stand-alone showrooms

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 of its key dealers to break their showrooms apart from the...

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