cars

The Oscars are coming up. No more February. Now almost May. But so what and who cares and why? Nobody’s seen nothing no place. They’re coming up for what? The last flick anybody saw in a movie theater starred Shirley Temple. Some predictions op called GoldDerby — about which who knows or cares or who …

Tesla shares soared in premarket trading Wednesday after Elon Musk’s electric car-maker announced a 5-for-1 stock split. The company plans to give investors five shares of stock for each share they own on Aug. 28 in an effort “to make stock ownership more accessible to employees and investors,” it said after Tuesday’s closing bell. The …

When Rocky isn’t running, he’s riding. Sylvester Stallone is selling his customized 2019 Cadillac Escalade for $350,000 after he originally paid $409,000, Page Six has confirmed. Becker Automotive Design, which worked with the 74-year-old actor to design it, is handling the sale. Their automotive masterpiece features a 43-inch UHD LCD smart TV screen in the …

Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60 percent due to the impact of the coronavirus pandemic, but said orders were “very strong,” sending the luxury carmaker’s shares up nearly 4 percent. Chief Executive Louis Camilleri told analysts that last quarter’s order book was up double digits (percentage) in absolute …

Tesla shares extended their rally on Wednesday ahead of a quarterly report from the electric-car maker that might clear the way for it to join the S&P 500 and attract some $40 billion in new demand for the stock. A net profit, under Generally Accepted Accounting Principles, would mark four consecutive profitable quarters, a first …

Germany has banned Tesla from repeating what a court says are misleading advertising statements relating to the capabilities of the firm’s driver assistance systems and to autonomous driving, a Munich judge ruled on Tuesday. Tesla can appeal the ruling. The case was brought by Germany’s Wettbewerbszentrale, an industry-sponsored body tasked with policing anti-competitive practices. The …

Tesla on Monday slashed the price of its Model Y SUV by $3,000, just four months after its launch, as it looks to keep up its strong sales numbers amid the global pandemic. The Model Y now starts at $49,990, down nearly 6 percent from its previous price of $52,990, according to Tesla’s website. The …

Electric vehicle startup Rivian, which is backed by Amazon and Ford and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price, Rivian said Friday. The deal comes on the heels of electric-car maker Tesla’s meteoric rise in …

Amazon has agreed to buy California-based self-driving startup Zoox in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology in either ride-hailing or its delivery network. The world’s largest online retailer has stepped up its investment in the car sector, participating in self-driving car startup Aurora …

The National Highway Traffic Safety Administration said it had opened an investigation into 63,000 Tesla Model S cars after reports of media-control unit failures that led to the loss of the use of touchscreens. The auto safety agency said the preliminary evaluation, covering 2012-2015 model year vehicles, comes after it received 11 complaints alleging premature …