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Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup.  The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction equity value of $11.75 billion. Private investment in the public equity deal is priced at $15 a share, putting the implied the p...
Tags: Transportation, Europe, Saudi Arabia, China, Tech, Tesla, Bloomberg, Automotive, Air, North America, Churchill, Cto, Lucid, SPAC, Audi BMW, Atieva


Mercedes: Formula E must "learn lessons" after Audi, BMW exits

Mercedes has reaffirmed its commitment to Formula E, but says the category needs to learn lessons and make changes in the wake of Audi and BMW's withdrawal
Tags: Sport, Audi, Mercedes, Audi BMW, FE, Autosport


The $54,000 Cadillac CT4-V is another noble effort at an American luxury sport sedan, but it falls short (GM)

I tested a $54,260 Cadillac CT4-V, a high-performance version of Caddy's smallest sedan. My car had a 325-horsepower, 2.7-liter, four-cylinder turbocharged engine and all-wheel-drive. The Cadillac V-Series is supposed to take on driver's cars from Audi, BMW, and Mercedes-Benz. Sadly, the CT4-V's less-than-compelling motor soured me on the sedan, although once I got it up to speed, it was fun to drive. Visit Business Insider's homepage for more stories. For as long as I've been writing about c...
Tags: Facebook, US, Trends, Gm, Audi, Cadillac, Mercedes Benz, Audi BMW, Cadillac CTS, Mercedes Benz BMW, Chevy SS, Caddy, Buick Regal, cADILLAC ct4


2020 Lexus ES 350 F Sport Review: Fun to Drive During The Week & Twice on Sundays!

2020 Lexus ES 350 F Sport In Our Opinion: The Lexus ES has been on the scene for 30 years but is still as youthful as ever for 2020, especially the F Sport configuration. On the one hand, the Lexus ES 350 F Sport is sleek and athletic; on the other, comfortable and quiet. Lexus faces stiff competition from players like Audi, BMW, Cadillac, Genesis, Mercedes-Benz, and others. However, we believe the 2020 ES 350 F Sport can hold its own in the battle royale of luxury cars. Exterior S...
Tags: Google, Ford, Lexus, Autos, Detroit Lions, Birmingham, Detroit, Android Auto, Mercedes Benz, MacPherson, Motor City, Audi BMW, Woodward Avenue, Amazon Alexa, Alan Mulally, Mark Levinson


The once humble pickup has gone full-on luxury — here are my favorite swanky features (F, GM, FCAU)

Years ago, full-size pickup trucks were intended for rugged use on farms, ranches, and job sites.  But as they've exploded in popularity and posted epic sales, they've become as luxurious as some some upscale cars. I've tested every full-size pickup on the market, from Ford, Chevy, GMC, RAM, Toyota, and Nissan. Here's a rundown of all my favorite luxury features, from each truck. Visit Business Insider's homepage for more stories. Let me tell you about my first pickup truck. It was a 1980s-vi...
Tags: Facebook, Texas, US, Trends, Ford, Ram, Fca, Toyota, Chevy, Nissan, Detroit, Mercedes, Bentley, Aston Martin, San Antonio, Fiat Chrysler


The once humble pickup has gone full-on luxury — here are my favorite swanky features

Today's full-size pickups can easily hang with Audi, BMW, and Mercedes when it comes to luxury appointments.
Tags: News, Mercedes, Audi BMW


The CEO of the electric-car startup Byton says the company's M-Byte SUV will have more advanced tech than a Tesla

The electric-vehicle startup Byton wants to set itself apart from other car brands by focusing on technology. The company's M-Byte electric SUV will have a 48-inch dashboard screen, a touchpad on its steering wheel, voice and gesture-control features, and the ability to receive over-the-air software updates. While Tesla has been a leader in automotive technology, Byton CEO Daniel Kirchert believes the company's vehicles will take Tesla's innovations to the next level. Byton also hopes to avoid...
Tags: Google, Europe, Elon Musk, California, China, Germany, Softbank, US, Trends, General Motors, Tesla, Bmw, North America, Electric, Cto, Mercedes Benz


We drove a $52,000 Cadillac XT4 crossover to see if the 2019 Car of the Year runner-up is worth the money (GM)

The 2019 Cadillac XT4 fills out the brand's luxury crossover lineup, joining the XT5 compact SUV and the just-launched XT6 three-row midsize. At $52,000, my subcompact-ish test vehicle was pricey, but worth it. The XT4 is a critical vehicle for Cadillac, which is moving decisively away from a long history of big luxury sedans. Visit Business Insider's homepage for more stories. Editor's note: Business Insider will name its 2019 Car of the Year on November 23. Each day this week, we're taking ...
Tags: Facebook, New York City, US, Trends, Gm, Bmw, Audi, Nissan, Mercedes, Cadillac, Buick, Audi BMW, Cadillac Escalade, Hollis Johnson, Ben Zhang, Caddy


I visited a Tesla store and a Mercedes-Benz dealership — these were the most striking differences between them (TSLA)

In April 2018, I visited a Tesla showroom and Mercedes-Benz dealership in New York City to observe the differences between their sales models. Tesla's store used innovative design strategies and revealed an eagerness to sell a vision of the brand beyond its vehicles. The Mercedes-Benz dealership took a more traditional, less expansive approach to selling cars and its brand. Visit Business Insider's homepage for more stories.   As established automakers move toward electrification, Tesla will ...
Tags: Apple, New York City, US, San Francisco, Trends, Tesla, Connecticut, Manhattan, Oklahoma, Nhtsa, Mercedes Benz, Audi BMW, Tesla Mercedes Benz, Warby Parker Tesla, Mercedes Benz Tesla


We drove a $64,000 Cadillac XT5 and a $47,800 Acura RDX to see which luxury SUV was better — and the winner was obvious

The Acura RDX is a solid luxury crossover that's been recently revamped. The Cadillac XT5 was the brand's first — and quite successful — effort at launching a new lineup of crossovers. The vehicles don't match up exactly, but they are quite similar, and consumers are likely to be comparing them with each other, and with SUVs from Audi, BMW, and Lexus. The Acura RDX takes the prize in this comparison because it's both fun to drive and priced to perfection. Visit Business Insider's homepage for ...
Tags: Facebook, Florida, New York, New York City, US, Trends, Bmw, Audi, Bose, Jersey, Cadillac, Acura, Sunshine State, Acura MDX, Audi BMW, Ben Zhang


I drove a $60,000 Acura MDX Sport Hybrid to see if the fuel-efficient SUV can take on Audi, BMW, and Mercedes. Here's the verdict.

The 2019 Acura MDX Sport Hybrid is a mid-size, three-row crossover SUV whose powertrain is related to the Acura NSX supercar. Competition is intense in this segment, but Acura has a worthy entrant. If you want an excellent luxury SUV that's cheaper than a BMW or Audi, yet has great performance and lots of the tech, the Acura MDX Sport Hybrid is worth a look. Visit Business Insider's homepage for more stories. We don't lack for luxury car brands in this world. But the sheer magnitude of choice...
Tags: Facebook, US, Trends, Bmw, Honda, Audi, Acura, Alfa Romeo, Audi BMW, Audi Mercedes, Acura NSX, NSX, ACURA HONDA, Acura MDX Sport Hybrid, Canyon Bronze Metallic, Lexus Jaguar


I've been using Bang & Olufsen's $350 noise-cancelling headphones for months, and I've officially determined they're my favorite pair

Insider Picks   writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through our links, but our reporting and recommendations are always independent and objective. High-quality wireless headphones connect easily, allow your music or podcasts to come through crystal clear while blocking out ambient noise, and they have a long battery life. I like the Bang & Olufsen Beoplay H9i Headphones because...
Tags: Amazon, Trends, Denmark, Mercedes, Midwest, ANC, Olufsen, Audi BMW, Insider Inc, Beoplay App


We visited a Tesla store and a Mercedes-Benz dealership — these are the most striking differences between them (TSLA)

In April 2018, I visited a Tesla showroom and Mercedes-Benz dealership in New York City to observe the differences between their sales models. Tesla's store used innovative design strategies and revealed an eagerness to sell a vision of the brand beyond its vehicles. The Mercedes-Benz dealership took a more traditional, less expansive approach to selling cars and its brand.   As established automakers move toward electrification, Tesla will compete more directly with traditional luxury brands...
Tags: Apple, New York City, Trends, Tesla, Connecticut, Manhattan, Oklahoma, Morgan Stanley, Mercedes Benz, Audi BMW, Warby Parker Tesla, Mercedes Benz Tesla


I drove a $52,000 Cadillac XT4 to see if the luxury crossover is worth the money — here's the verdict (GM)

The 2019 Cadillac XT4 fills out the brand's luxury crossover lineup, joining the XT5 compact SUV and the just-launched XT6 three-row midsize. At $52,000, my subcompact-ish test vehicle was pricey, but worth it. The XT4 is a critical vehicle for Cadillac, which is moving decisively away from a long history of big luxury sedans.   Cadillac is getting its crossover game together, and the excellent XT4 is the latest example. The compact/subcompact crossover joining the XT5 and the newly revealed ...
Tags: Facebook, New York City, US, Trends, Mercedes, Cadillac, Audi BMW, Cadillac Escalade, Hollis Johnson


Cadillac's new president says the luxury brand is reinventing itself to take on Tesla (GM, TSLA)

Cadillac President Steve Carlisle will oversee the luxury division's repositioning as General Motors' lead electric brand. He admires Tesla's impact — but he doesn't want GM or Cadillac to win by copying anyone. Cadillac is in the midst of a product shift, selling more crossovers and moving away from traditional luxury sedans. Last year, General Motors shook up its Cadillac brand. Johan de Nysschen, who as president had overseen a move to New York from Detroit and a "Dare Greatly" advertising...
Tags: Facebook, Elon Musk, New York, California, NYC, US, Trends, General Motors, Tesla, Canada, Ford, Gm, Chevy, Electric, Detroit, Carlisle


Cadillac's new president says that the luxury brand can't successfully go electric by copying Tesla (GM, TSLA)

Cadillac president Steve Carlisle will oversee the luxury division's repositioning as General Motors' lead electric brand. He admires Tesla's impact — but he doesn't want GM or Cadillac to win by copying anyone. Cadillac is in the midst of product shift, selling more crossovers and moving away from traditional luxury sedans. Last year, General Motors shook up its Cadillac brand. Then-president Johan de Nysschen — who had overseen a move to New York from Detroit and a "Dare greatly" advertisin...
Tags: Facebook, Elon Musk, New York, California, NYC, US, Trends, General Motors, Tesla, Canada, Ford, Gm, Chevy, Electric, Detroit, Carlisle


Cadillac's new president says the luxury brand can't successfully go electric by copying Tesla (GM, TSLA)

Cadillac President Steve Carlisle will oversee the luxury division's repositioning as General Motors' lead electric brand. He admires Tesla's impact — but he doesn't want GM or Cadillac to win by copying anyone. Cadillac is in the midst of a product shift, selling more crossovers and moving away from traditional luxury sedans. Last year, General Motors shook up its Cadillac brand. Johan de Nysschen, who as president had overseen a move to New York from Detroit and a "Dare Greatly" advertising...
Tags: Facebook, Elon Musk, New York, California, NYC, US, Trends, General Motors, Tesla, Canada, Ford, Gm, Chevy, Electric, Detroit, Carlisle


Tesla Model 3 Is Heading To Europe

The Tesla Model 3 has cleared its last regulatory hurdle in Europe and will soon go on sale in the continent home to Audi, BMW, and Mercedes-Benz. "Deliveries should start in February for the Long Range Battery version of the midsize sedan -- the same variant first sold in the U.S. -- according to Tesla, after Dutch vehicle authority RDW issued the OK," reports Bloomberg. From the report: The European launch is crucial for Tesla as it navigates what Chief Executive Officer Elon Musk called a "ve...
Tags: Europe, Elon Musk, China, Germany, Tech, Tesla, Bloomberg, Bmw, Audi, Musk, Mercedes Benz, Volkswagen AG, Tesla Model, Audi BMW, Palo Alto California, Audi Tesla


Check out all the cool cars, trucks, SUVs, electric vehicles, and concepts we saw at the 2019 Detroit auto show

The   2019 North American International Auto Show in Detroit opens to the public on January 19 and runs through January 27. This will be the final time the Detroit auto show takes place in January. In 2020, it will move to June. New SUVs, sports cars, electric vehicles, and concepts made their North American debuts. Ford, Cadillac, RAM, Infiniti, VW, and Subaru are all showing new vehicles. The Detroit auto show opens to the public this coming weekend and runs for two weeks. I journeyed to Mo...
Tags: Facebook, US, Trends, Ford, Detroit, Subaru, Mustang, Audi BMW, Detroit River, Ford Chevy Ram, Ford Cadillac RAM Infiniti VW


We visited a Tesla store and a Mercedes-Benz dealership — these are the most striking differences between the two (TSLA)

In April, I visited a Tesla showroom and Mercedes-Benz dealership in New York City to observe the differences between their sales models. Tesla's store used innovative design strategies and revealed an eagerness to sell a vision of the brand beyond its vehicles. The Mercedes-Benz dealership took a more traditional, less expansive approach to selling cars and its brand.   As established automakers move toward electrification, Tesla will compete more directly with traditional luxury brands like...
Tags: Apple, Elon Musk, New York City, Trends, Tesla, Connecticut, TSLA, Manhattan, New Mexico, Mercedes Benz, Audi BMW, Warby Parker Tesla, Mercedes Benz Tesla


Panasonic's North American CEO says solid-state batteries are at least a decade away from mass adoption in the auto industry

Auto and tech companies are reinventing themselves as the transportation industry nears a historic transformation, but one of their suppliers, Panasonic, is taking a different approach. Tom Gebhardt, Pansonic's North American CEO, told Business Insider that Panasonic is modifying products it has previously made for new uses. Panasonic makes infotainment systems for cars and batteries for electric vehicles. Gebhardt said he anticipates incremental, rather than transformative, changes in battery...
Tags: Trends, Tesla, Panasonic, Business Insider, Mercedes Benz, Audi BMW, Gebhardt, Sparks Nevada, Tom Gebhardt, Tom Gebhardt Pansonic, Business Insider Instead Panasonic, Hirokazu Umeda Panasonic


The best Buick money can buy is a $44,000 alternative to European sport sedans — here's what it's like to drive (GM)

The 2018 Regal GS is a made-mostly-in-Germany sport sedan with the soul of a Buick. That means it combines value, practicality, style, and performance. It's a compelling alternative to the competition from Audi, BMW, and Mercedes — but it shouldn't be completely defined against those brands. I am — and always have been — an unapologetic Buick fan. And, in particular, a Buick Regal fan.  I got through high school behind the wheel of a lovely Regal two-door, powered by a V6 engine and outfitte...
Tags: Facebook, Germany, US, Trends, General Motors, Gm, Mercedes, Buick, Audi BMW, Buick Regal


The best Buick money can buy is a $44,000 rebuke to European sport sedans — here's what it's like to drive (GM)

The 2018 Regal GS is a made-mostly-in-Germany sport sedan with the soul of a Buck. That means it combines value, practicality, style, and performance. It's a compelling alternative to the competition from Audi, BMW, and Mercedes — but it shouldn't be completely defined against those brands. I am — and always have been — an unapologetic Buick fan. And, in particular, a Buick Regal fan.  I got through high school behind the wheel of a lovely Regal two-door, powered by a V6 engine and outfitted...
Tags: Facebook, Germany, US, Trends, General Motors, Gm, Mercedes, Buick, Audi BMW, Buick Regal


2019 Lexus RC coupe gets sleeker styling and stiffer suspension

The 2019 Lexus RC coupe gets minor exterior styling, interior trim, and suspension updates for the new model year. Will that be enough to keep up with luxury coupes Audi, BMW, and Mercedes-Benz? The post 2019 Lexus RC coupe gets sleeker styling and stiffer suspension appeared first on Digital Trends.
Tags: News, Cars, Trends, Luxury cars, Lexus, Mercedes Benz, Audi BMW, Paris Motor Show, Coupes, Lexus RC


Di Resta could switch to Audi, BMW for 2019 after Mercedes DTM exit

Mercedes DTM driver Paul di Resta says he could stay in the championship next season with a rival manufacture
Tags: Sport, DTM, Audi BMW, Di Resta, Paul di Resta, Mercedes DTM, Autosport


We visited a Tesla store and a Mercedes-Benz dealership — here are the biggest differences between the two (TSLA)

In April, I visited a Tesla showroom and Mercedes-Benz dealership in New York City to observe the differences between their sales models. Tesla's store used innovative design strategies and revealed an eagerness to sell a vision of the brand beyond its vehicles. The Mercedes-Benz dealership took a more traditional, less expansive approach to selling cars and its brand. As established automakers move toward electrification, Tesla will compete more directly with traditional luxury brands like ...
Tags: Apple, New York City, Trends, Tesla, Connecticut, TSLA, Manhattan, New Mexico, Mercedes Benz, Audi BMW, Mercedes Benz Until now Tesla, Warby Parker Tesla


NAIAS Confirms Detroit Auto Show Will Sing A New Tune in June

The rumors were true—the Detroit Auto Dealers Association has confirmed that it’s moving the North American International Auto Show from the frigid depths of January to the sunnier climes of early June. In doing so, the Detroit auto show is hoping to better serve automakers (and auto buffs) while bucking trends that have hit other major auto shows around the globe. The thousands of journalists, industry executives, vendors, consultants, company employees who patrol Detroit’s Cobo Center during ...
Tags: Germany, Advertising, Gm, Las Vegas, Detroit, Naias, Mercedes Benz, Motor City, Audi BMW, Detroit Auto Dealers Association, NAIAS Confirms Detroit Auto Show, Detroit s Cobo Center, Rod Alberts, Doug North


Tesla Model 3 Teardown: Deconstructed 3

It doesn’t take much Googling to locate alarming headlines about the Tesla Model 3. Parts rework rates of 40 percent! Line speeds still less than half of Elon Musk’s promised rate! Never mind the hate-posting on Twitter: Stock price tumbles! Shorts pass $10 billion! Is this just a case of a niche manufacturer struggling with the transition to high-volume production, or is the Model 3’s essential engineering flawed? Read our Tesla Model 3 First Test review right here. We’re not going to wei...
Tags: Elon Musk, Tesla, Silicon Valley, Panasonic, Bmw, Car Lists, Sandy, Auburn Hills Michigan, Audi BMW, Munro, Sandy Munro, Munro Associates Inc, Space Program Level Electronics Clearly Tesla


We visited a Tesla showroom and a Mercedes-Benz dealership — here are the biggest differences between the two (TSLA)

I visited a Tesla showroom and Mercedes-Benz dealership in New York City to observe the differences between their sales models. Tesla's store used innovative design strategies and revealed an eagerness to sell a vision of the brand beyond its vehicles. The Mercedes-Benz dealership took a more traditional, less expansive approach to selling cars and its brand. As established automakers move toward electrification, Tesla will compete more directly with traditional luxury brands like Audi, BMW,...
Tags: Apple, New York City, Trends, Tesla, Connecticut, TSLA, Manhattan, New Mexico, Mercedes Benz, Audi BMW, Mercedes Benz Until now Tesla, Warby Parker Tesla


Here Technologies and Argus join our Tel Aviv lineup

Let’s share a bit more about our agenda for TechCrunch’s Tel Aviv event. This year, the event will focus on mobility and everything around it, from autonomous vehicles, to sensors, drones and security. That’s why I’m incredibly excited to announce two great speakers. Argus Cyber Security co-founder and CEO Ofer Ben Noon and Here Technologies Head of Mobility Liad Itzhak will join us on stage. By focusing on mobility, we have the opportunity to spend more time talking about the companies ma...
Tags: Google, Security, Startups, Nokia, Tel Aviv, Tech, Automotive, Waze, Here, Daimler, Argus, Audi BMW, Argus Cyber Security, Here Technologies, Ofer Ben Noon, Liad Itzhak