SoftBank Group Corp., a major owner of Sprint in the U.S., has taken a major stake in Uber Technologies Inc. at a steep discount to the company’s previous valuation. Uber investors and employees tendered shares equal to about 20% of the company in an offer by a SoftBank-led consortium that values Uber at $48 billion—a […]
Tesla is planning to make a pickup truck. On Twitter Tuesday, the electric vehicle maker’s CEO Elon Musk said he’s eager to build one. “I promise that we will make a pickup truck right after Model Y,” Musk tweeted. The Model Y is an all-electric crossover which should go into production sometime in 2018. On the […]
Strong support from Chicagoland golf fans, a hole-in-one by Jason Day and a special donation honoring one of the most beloved caddies in the game’s history helped the 2017 BMW Championship raise $2.6 million for the event’s sole charity, the Evans Scholars Foundation. Conducted by the Western Golf Association, the 2017 BMW Championship attracted more […]
FCA US has shown off a first look at the freshened 2019 Jeep Cherokee, featuring a new front fascia that keeps the previous version’s daytime LED running light strip but changes the light stack to give the SUV a less polarizing appearance. The automaker plans to release full details on the updated Cherokee at a […]
The European Union’s highest court on Wednesday declared that Uber was a transportation business, not just a technology platform. This means they will need to follow the laws and rules that Taxi firms and drivers do in their member nations. While the the ruling applies only to the European Union, it may give fuel to […]
Honda will unveil a new five-passenger gas-electric hybrid sedan at NAIAS, the Detroit auto show, next month. The company says it’s bringing back the Insight name for the compact car that will offer mileage competitive with other hybrids. Fuel economy and price weren’t released Tuesday for the car that will be in U.S. showrooms next […]
UPS has pre-ordered 125 of Tesla’s new fully electric semis, the “largest known order for the big rig so far,” according to Reuters. esla expects to kick off production of the trucks in 2019, and UPS will be among the first companies to put them to work. UPS, which operates one of the world’s largest commercial trucking […]
McLaren has just introduced its latest hypercar — the P1’s successor — with a twin-turbocharged 4.0-liter V8 that spins just the rear wheels. Dubbed the McLaren Senna, after legendary racer Ayrton Senna, the newest Ultimate Series McLaren is more of a true McLaren F1 successor than a continuation of the P1’s groundwork. McLaren and supercar […]
Uber has had its licence suspended in Sheffield after it failed to respond to official requests about its management, the city council has said. The firm failed to respond to requests, made by Sheffield’s licensing team, about the management of Uber. The firm, also fighting a ban in London, can still operate in Sheffield until […]
Lexus has something to show us, and it’s coming to the Detroit auto show next month. Wearing the LF-1 Limitless name, the concept promises a “striking” new design and the brand believes it will carve a new genre in luxury crossovers. The teaser, published on Tuesday, reveals a sweeping LED taillight with a sculpted, yet […]
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