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Articles by Paul Riegler

Lucid Motors, Launching on Nasdaq, Changes Definition of Luxury EV

Lucid Motors, Launching on Nasdaq, Changes Definition of Luxury EV

Tesla competitor Lucid Motors celebrated its debut on the Nasdaq Monday with fanfare worthy of the best of television game shoes, including the appropriate amount of confetti for a company with a market value of roughly $43 billion that has yet to sell a single vehicle.
While there are many comparisons …

VW, BMW Fined €875 Million Over Diesel Emissions Collusion

VW, BMW Fined €875 Million Over Diesel Emissions Collusion

The European Commission Thursday hit Volkswagen and BMW with €875 million ($1 billion) in fines after finding that the German automakers had colluded to hinder competition in emissions systems for diesel-powered automobiles.
The decision encompassed VW’s Audi and Porsche units as well.
The EU’s investigation came in the wake of the VW …

The Insider’s Guide to Fourth of July Road Trips: The Best Times to Travel

The Insider’s Guide to Fourth of July Road Trips: The Best Times to Travel

If you are planning a road trip on Independence Day weekend, you most certainly won’t be alone.
More than 47.7 million Americans will travel during the five-day July 4th holiday period according to the American Automobile Association, and 91% of them will be going by car.
If possible, leave before the extended …

VW to Stop Selling Internal Combustion Engine-Powered Vehicles by 2035

VW to Stop Selling Internal Combustion Engine-Powered Vehicles by 2035

Volkswagen announced it plans to stop selling internal combustion engine-powered vehicles in the European market by 2035 and become completely carbon neutral by 2050, a member of its Vorstand, or board of directors, told a German newspaper on Saturday.
The move comes as it undertakes a global shift to electric vehicles.
“We …

Ford Doubles Down on EVs, Expects They Will Be 40% of Global Volume by 2030

Ford Doubles Down on EVs, Expects They Will Be 40% of Global Volume by 2030

Ford Motor Company plans to boost spending on the development of electric vehicles to $30 billion by 2025, a third more than it forecast earlier this year.
The move comes as the Dearborn-headquartered automaker plans to begin manufacturing its own batteries, including at two new U.S. battery-cell factories in partnership with …

Lyft to Sell Autonomous Vehicle Unit to Toyota in $550 Million Deal

Lyft to Sell Autonomous Vehicle Unit to Toyota in $550 Million Deal

Ride-hailing service Lyft said it plans to sell its autonomous driving division to a unit of Toyota.
The $550 million sale to Woven Planet Holdings, Toyota’s autonomous tech subsidy, will pay Lyft $550 million as part of the deal.  Lyft said it receive an initial payment of $200 million that is …

2 Killed in Tesla Crash in Texas Where ‘No One Was Driving’

2 Killed in Tesla Crash in Texas Where ‘No One Was Driving’

Two men were killed in a crash in Texas after the Tesla they were riding in, with neither behind the wheel, crashed into a tree and burst into flames, local officials said.
The crash took place Saturday night in Spring, Texas.  One person was found in the front passenger seat, and …

Google to Add Support for Routes with a Low-Carbon Footprint in Maps App

Google to Add Support for Routes with a Low-Carbon Footprint in Maps App

Google announced that its Maps will soon default to a route that has the lowest possible carbon footprint, an effort to reduce CO2 emissions and drive sustainability. 
The new eco-friendly route mode will provide the driver with approximately the same estimated time of arrival as a regular route.  In instances …

Jaguar, Land Rover Plan to Offer All-Electric Lineup, Phase Out Conventional Powertrains

Jaguar, Land Rover Plan to Offer All-Electric Lineup, Phase Out Conventional Powertrains

UK automaker Jaguar Land Rover announced a major shift towards electric vehicles.
The company, owned by India’s Tata Motors, said it would invest £3.5 billion  ($4.85 billion) in the move towards the electrification of its lineup. 
Jaguar will offer only electric vehicles as of the 2025 model year, while Land Rover …

General Motors Reports $6.4 Billion Profit Despite Pandemic

General Motors Reports $6.4 Billion Profit Despite Pandemic

General Motors announced financial results for the calendar year 2020.
The nation’s largest automaker reported a profit of $6.4 billion in the period, a small decline from the prior year.  The company said that brisk sales of sport-utility vehicles and light trucks in the second half of the year offset the …

Toyota, Lexus Debut New Tools that Support Online Sales Without a Visit to the Dealership

Toyota, Lexus Debut New Tools that Support Online Sales Without a Visit to the Dealership

As the coronavirus pandemic continues people’s shopping habits, Toyota and Lexus unveiled the next iterations of their respective online retail experiences.
Both are designed to give a car buyer as much control over how much interaction he has with the dealership in the course of selecting and buying a new automobile.
Lexus …

Fiat Chrysler, PSA Group Merge to Form World’s Third Largest Automaker, Stellantis

Fiat Chrysler, PSA Group Merge to Form World’s Third Largest Automaker, Stellantis

Peugeot S.A. and Fiat Chrysler Automobiles announced the completion of their merger, forming a new parent company, Stellantis.
Stellantis, derived from a Latin word meaning “to brighten with stars,” will be the world’s third-largest auto maker by sales, according to 2019 figures.
The move comes some 13 years after Chrysler’s so-called merger …