Tesla CFO's Departure Yields Massive $600 Million

Former Tesla CFO, Zach Kirkhorn, who recently left the company, is walking away with a net worth of approximately $590 million. Despite his modest base salary, Kirkhorn's stock holdings and other options amount to around $550 million. He sold some of his Tesla shares in the past, contributing to his overall wealth. Tesla stock dropped 4% upon news of Kirkhorn's departure. Vaibhav Taneja will take over as CFO while retaining his current position as the head of accounting.

FutureCar Staff Aug 12, 2023 9:25 AM PT

V8's surprising return

Mercedes-AMG is planning to bring back the V8 engine for its C63 sports sedan due to slow sales of the new four-cylinder version. The company is preparing to install the 4.0-litre twin-turbo V8 in the C63 as early as 2026. Despite the smaller engine's impressive power, AMG buyers are not enthusiastic about it. Mercedes-AMG has previously stated its intention to update the V8 engine to meet emissions regulations.

FutureCar Staff Aug 12, 2023 9:23 AM PT

Volkswagen ID.3 sales spike after significant price reductions

Volkswagen's decision to lower prices for the ID.3 electric car has resulted in a surge in sales, with a 300% increase in China. The price cuts have helped Volkswagen regain ground in a market where it was losing to competitors like BYD, Tesla, and NIO. However, despite the sales growth, the ID.3 still lags behind other popular models in the Chinese market. It remains to be seen if Volkswagen will extend the price cuts to other models and if they can keep up with the competition.

FutureCar Staff Aug 12, 2023 9:22 AM PT

Delayed release of all-electric Ford Explorer

The production and sales of the all-electric Ford Explorer have been delayed until the summer of 2024 due to new European technical standards. The delay is to ensure that the vehicle conforms to an incoming UN regulation on battery safety. The Explorer, a product of the Ford and Volkswagen partnership, will be the first electric passenger vehicle produced at Ford's Cologne Electric Vehicle Center.

FutureCar Staff Aug 12, 2023 9:20 AM PT

2024 Hyundai Santa Fe's European Appearance

The 2024 Hyundai Santa Fe in Europe will not feature the bold light bar design seen in other regions due to safety test concerns. However, it will still have a rugged appearance and distinctive H-shaped daytime-running lights. The SUV will offer a plug-in hybrid version and potential for an all-electric drivetrain in the future. European safety standards now require additional features such as child presence detection systems and advanced autonomous emergency braking.

FutureCar Staff Aug 12, 2023 9:19 AM PT

2025 MINI John Cooper Works EV: Potential 250 HP

The electric MINI Cooper JCW has been spied with a more aggressive design, including a new front bumper and sportier intake. The car also features chunky side skirts, flush-mounted door handles, a sloping roof, and turning fork style wheels. The rear end has a more aggressive bumper and revised diffuser. The interior is dominated by a circular display and offers extensive customization.

FutureCar Staff Aug 12, 2023 9:18 AM PT

Forced to abandon $115k Ford electric truck on family road trip

A Canadian man and his family were forced to abandon their $115k Ford electric truck during a road trip due to charging troubles. The man called eco-friendly vehicles "the biggest scam of modern times." Despite having a fully charged battery and planned charging stops, the truck encountered faulty connections at charging stations in Minnesota. The family had to tow the truck to a local dealership and rent a petrol-powered car to continue their journey.

FutureCar Staff Aug 12, 2023 9:17 AM PT

Mercedes SUV Crash Ignites Anger, Demonstrations In Goa

A Mercedes SUV crash in Goa, India has caused outrage and protests. The incident resulted in the deaths of three individuals and injuries to several others. The driver, who was intoxicated at the time, has been arrested and charged. The court has denied bail, and there are calls for a fair investigation and justice. The incident has sparked public outrage and protests, with demands for accountability. Injured victims are receiving medical treatment, and the investigation is ongoing.

FutureCar Staff Aug 12, 2023 9:16 AM PT

Toyota Land Cruiser gets updated with diesel and hybrid power

Toyota has unveiled an updated version of the Land Cruiser with a stronger chassis, new transmission, and the option of a hybrid powertrain. The design has been improved with sleek retro panelling. It will initially be powered by a 2.8L diesel engine, but a mild hybrid system will be available in 2025. Off-road capabilities have been enhanced, and there are changes to the steering system. Pre-sales will open later this year, with deliveries starting in the first half of 2024.

FutureCar Staff Aug 12, 2023 9:15 AM PT

Industry challenges revealed

The IMI annual report reveals that the automotive industry is facing challenges, with a decrease in businesses and job roles, but an increase in vacancies. There are currently 758,000 jobs in the sector, with 78% in retail and 22% in automotive. The number of businesses has fallen to 98,500, and job roles have decreased due to increased technology. Only 19% of the sector is female, and efforts to increase diversity and upskill the workforce are needed to address the skills gap.

FutureCar Staff Aug 12, 2023 6:20 AM PT

Liv Bentley's extravagant family lifestyle

Liv Bentley, a prominent member of the Made in Chelsea cast, is known for her dramatic appearances on the show. This article provides insight into her family life, including information about her parents, sisters, and their family inheritance. Liv's parents are Kate and Keven Bentley, with Keven being the Managing Director of Bentley Group. Liv has three sisters: Athena, Cordelia, and Kinvara. Their family home, the Burrow Farm, was recently put on the market for £50 million.

FutureCar Staff Aug 12, 2023 6:19 AM PT

Electric Ford Explorer release pushed back to mid-2024

The production and sales of the all-electric Ford Explorer have been delayed until mid-2024 due to new European technical standards. The delay is to ensure that the vehicle conforms to incoming UN regulations regarding battery safety. The Explorer, a product of Ford's partnership with Volkswagen, will be the first electric passenger vehicle produced in Ford Cologne's Electric Vehicle Center.

FutureCar Staff Aug 12, 2023 6:18 AM PT

2024 Hyundai Santa Fe European Appearance

The 2024 Hyundai Santa Fe will have a new design in Europe, missing the light bar due to safety test issues. However, it will still have a rugged appearance and distinctive H-shaped daytime-running lights. Europeans will still enjoy the interior practicality and new features of the SUV. A plug-in hybrid version will be available, and there may be an all-electric version in the future. European safety tests now require additional features for a five-star rating.

FutureCar Staff Aug 12, 2023 6:17 AM PT

2025 MINI Electric Vehicle Spotted with Potential 250 Horsepower

The electric MINI Cooper JCW has been spied with a more aggressive design, featuring a new front bumper and sportier intake. It also has chunky side skirts, flush-mounted door handles, and turning fork style wheels. The rear bumper has been modified for a more aggressive look, along with a revised diffuser and spoiler. The interior features a minimalist design, dominated by a circular display and a new voice assistant.

FutureCar Staff Aug 12, 2023 6:16 AM PT

Forced to Abandon $115k Ford Electric Truck on Family Road Trip

A Canadian man and his family were forced to abandon their $115k Ford electric truck during a road trip after charging issues. The man called eco-friendly vehicles "the biggest scam of modern times." The truck had charging troubles in Minnesota, and the family had to finish their trip in a petrol-powered car. The owner had previously experienced delays in getting a minor repair done on the vehicle. He expressed frustration and said he can only use the truck for his daily commute.

FutureCar Staff Aug 12, 2023 6:15 AM PT

Mercedes SUV Crash Ignites Anger, Demonstrations In Goa

A Mercedes SUV crash in Goa has caused outrage and protests. The incident resulted in the deaths of three individuals and injuries to several others. The driver, who was found to be intoxicated, has been arrested and charged. The court has denied his bail application, emphasizing the seriousness of the case. Locals have protested against the police for not arresting the car owner, alleging favoritism. The public is demanding a fair investigation and timely justice.

FutureCar Staff Aug 12, 2023 6:14 AM PT

Toyota Land Cruiser gets new powertrain options

Toyota has unveiled an updated version of the Land Cruiser off-roader with a stronger chassis, a new transmission, and the option of a hybrid powertrain. The design has been improved to have a retro look inspired by previous models. The vehicle will initially be powered by a 2.8-liter diesel engine, with a hybrid option available in 2025. Off-road capabilities have also been enhanced, and there are improvements in steering and maneuverability.

FutureCar Staff Aug 12, 2023 6:13 AM PT

With the F-150 Lightning, it’s Ford, Not Tesla or GM, That’s Poised Dominate the Electric Truck Market

On Monday, Ford Motor Co surprised the industry by announcing that the all-new F-150 Lightning electric pickup will be revealed on May 19 at a global live-streamed event from the company’s global headquarters in Dearborn, Michigan. The Lightning will be the first battery-powered F-150 pickup, and its potential is huge, not just for electric vehicles, but for the highly profitable truck and SUV segment that so far electrification has not touched.

Eric WalzJun 17, 2021 2:50 PM PT       

AR Technology: ADAS Systems, Automotive Training and Smart Car Development

In the automotive space, signs of AR technology maturity include deeper applications in ADAS systems and passenger safety features. At the moment, due to the limitations of AR, automakers are only using the technology for entertainment and in controlled environments.

Michael ChengMar 19, 2017 1:50 PM PT