Month: May 2022

Tesla Inc.’s Chinese operations are struggling to pump out cars because of coronavirus shutdowns, and its new plants in Austin, Texas, and Berlin face long production ramp-ups. The automaker is also under fresh regulatory scrutiny over its driver-assistance software, and its stock price has fallen far further than equities markets overall. CEO Elon Musk, meanwhile,
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Toyota is adding special editions and trim levels to its car and light-truck lineup for the 2023 model year, including two which mark significant anniversaries of vehicles in the U.S. 4Runner: The brand plans a run of 4,040 special editions of the midsize off-roader to mark the 4Runner’s 40th anniversary in the U.S. The vehicles
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8:00 AM ET INDIANAPOLIS — Welcome to our annual ESPN.com Motorsports public service, when we give you the information you need to arm yourself as an expert on the Indianapolis 500, the Greatest Spectacle in Racing held at the Racing Capital of the World for the 106th time this Sunday afternoon in Speedway, Indiana. We
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Electric Last Mile Solutions Inc. warned Friday it may run out of cash in June, at least one month sooner than previously projected, unless it can raise additional capital. The latest projections reflect higher costs in a number of areas, including employee retention and payments to suppliers, the suburban Detroit EV startup said in a
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Bloomberg | Bloomberg | Getty Images One of the best car-shopping weekends pre-pandemic is more of a dud these days. Amid the auto industry’s manufacturing challenges due to persisting supply-chain issues, Memorial Day sales are generally minimal to nonexistent this year. “It’s looking pretty bleak, to be straightforward about it,” said Ivan Drury, senior manager
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10:46 AM ET Associated Press INDIANAPOLIS — Pato O’Ward inked a contract extension two days before the Indianapolis 500 that makes him the centerpiece of Arrow McLaren SP in IndyCar and perhaps beyond. The deal announced Friday extends O’Ward’s contract through the 2025 season and includes a pay raise, a McLaren for his personal use
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