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Automotive News

Most expensive British car ever sold goes for $22.5 million

MONTEREY, Calif. (Heartland Newsfeed/UPI) -- During an auction at Monterey Car Week in California this past weekend, the most expensive British car ever sold exchanged hands for the sum of $22.5 million. According to a report from the British newspaper The Telegraph, the 1956 teal and white Aston Martin DBR1 was sold to an unnamed buyer who called into the auction to place bids. Aston Martin enthusiasts consider the DBR1 as the best model produced in the car manufacturer's storied history. […]

todayAugust 21, 2017 39

Automotive News

Uber VP of operations stepping down, will stay on board

SAN FRANCISCO (UPI) -- Ryan Graves, a longtime Uber executive and the first employee hired by the company, announced Thursday he's leaving his position in September. Despite his departure as senior vice president of operations, Graves said he plans to stay on the board of the ride-hailing company. "In some ways my focus going forward will not actually change very much," Graves said in an email to employees. "It remains all about people, and it's clear to me the stability of our board of directors, […]

todayAugust 10, 2017 27

Automotive News

Renault signs deal to make 300,000 cars per year in Iran

PARIS/TEHRAN (UPI) -- French automaker Renault announced a joint venture with Iranian authorities on Monday, despite U.S. efforts to isolate Iran economically. The $779 million deal between Renault, Iran's state-run Industrial Development and Renovation Organization and privately-held Parto Negin Naseh, calls for up to 300,000 cars per year to be built at a factory in Saveh beginning in about 18 months. Monday's agreement calls for 30 percent of Renaults manufactured in Iran to be exported. The first phase of the deal calls for 150,000 vehicles. […]

todayAugust 7, 2017 20

Automotive News

Don’t discount safe driving this summer

WASHINGTON (NewsUSA) -- Summertime brings longer days and ideal driving conditions to much of the United States. However, summer weather can also lull drivers into a false sense of security, according to data from a survey conducted by Michelin. Approximately two-thirds of the drivers surveyed (67%) reported feeling safer while driving during the summer; their top reasons were better weather (81%) and better road conditions (83%). However, more car accidents occur during the summer months than at any other time of […]

todayJune 24, 2017 15

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