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In this article STLA-IT GM F Ford CEO Jim Farley speaks at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. The F-150 Lightning is positioned to be the first full-size all-electric pickup truck to go on sale in

7:34 PM ET ESPN News Services CONCORD, N.C. — John Force topped Funny Car qualifying Saturday with his zMAX Dragway-record run Friday night in the Circle K NHRA Four-Wide Nationals. The 72-year-old Force, a 16-time Funny Car season champion, had a 3.850-second pass at 334.24 mph in a Chevrolet Camaro, eclipsing the track record of

BERLIN — German automakers and suppliers said they are preparing for the possibility that Russia will cut off their gas supplies as a result of the Ukraine conflict. Gazprom, the large Russian state energy company, fired a warning shot last week toward countries that are supporting Ukraine by halting gas deliveries to Poland and Bulgaria.

In this article F Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 580 U.S. salaried employees and agency workers as part of its ongoing Ford+ turnaround plan, the company confirmed Wednesday night.

3:50 PM ET Associated Press Rinus VeeKay led an upset in IndyCar qualifying to position himself to race for the win at Barber Motorsports Park. The Dutchman was the surprise pole winner for Sunday’s race following a qualifying session that saw most of IndyCar’s top names fail to advance through the rounds. Alexander Rossi and

Leaders at Colorado’s Phil Long Dealerships have seen consumer interest in electric vehicles grow and know the forecast from automakers is for many more EVs well into the future. So they opted to convert a vacant site in Colorado Springs, Colo., near several of the group’s franchised dealerships, into a used-vehicle-only dealership focused exclusively on

In this article F Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021. Aaron J. Thornton | Getty Images After several setbacks and delays due to the Covid-19 pandemic, Ford Motor Co. finally started to welcome its salaried workforce back to its offices earlier this month. It also came alongside a significant shift

DETROIT — Ford Motor Co. believes its newest product, the F-150 Lightning, can be transformational. But the automaker still has plenty of work ahead to realize the battery-powered pickup’s potential and become the industry-leading electric-vehicle purveyor that CEO Jim Farley envisions. Ford’s first-quarter earnings were down year-over-year — even setting aside a $5.4 billion loss

In this article TSLA Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images Elon Musk sold roughly $4 billion worth of Tesla shares in the days following

6:28 AM ET All-electric racing series Formula E has launched a new net carbon zero car to compete its 2022-23 season. The triangle-shaped ‘gen 3’ car will increase the top speed of Formula E’s racers to 200 m/ph (320 km/h). It will feature two different powertrains, one at the front and one at the rear,

Carvana Inc.’s shares are losing almost all of their pandemic-fueled gains as investor enthusiasm for the company sours amid growing concerns about the impact of higher inflation and rising borrowing costs. Since touching a stay-at-home fueled high in August, shares in the online platform for buying used cars have fallen 83 percent. This week alone

In this article GM VOW3-DE In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president

3:26 PM ET Formula One teams agreed to double the number of sprint races to six in 2023 in a meeting on Tuesday, but formal approval was stalled by the FIA who called for a further evaluation. The world governing body said in a statement that the proposal was to use the same format as

Asbury Automotive Group Inc. now seeks to produce $32 billion in revenue by 2025 — including $6.2 billion that would come from buying more companies. The revised 2025 revenue target announced Thursday is 60 percent higher than the $20 billion goal the public dealership group had set for the same timetable in December 2020. Asbury,

R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing

7:26 AM ET Associated Press HOBART, Australia — A 59-year-old driver was killed in a crash at the Targa Tasmania rally Wednesday, a year after three competitors died in the annual race. The Australian man and a female passenger were in a 1989 Porsche 944 S2 when it crashed over an embankment on a closed

The inhospitable terrain of the Mojave Desert provided a formidable challenge for embryonic autonomous-vehicle technology during the DARPA challenges of the mid-2000s. Now the federal agency behind those formative competitions has plans for further testing AV tech in similar off-road environments, with the latest developments coming in simulation. The Defense Advanced Research Project Agency, better

Consumers notice spiking gasoline prices every time they drive to the pump. But energy industry analysts say the current spike in diesel prices is historic — and is pushing up the cost of all kinds of goods. Diesel prices are hovering around all-time highs, forced upward by the same circumstances that have fueled gasoline’s rise.

4:10 AM ET Formula One race directors Eduardo Freitas and Niels Wittich have both tested positive for COVID-19, raising questions about who will take charge of next week’s inaugural Miami Grand Prix, British media reported on Wednesday. A well-placed source confirmed to Reuters that the news, first reported by the Daily Telegraph and Sky Sports

Tesla Inc. co-founder Elon Musk won’t have to hand over as much as $13 billion in shares of the EV maker he got in a buyout of SolarCity, after a judge found he isn’t liable for backing the deal. Delaware Chancery Court Judge Joseph Slights III concluded that the multibillionaire properly used his influence with

In this article TSLA Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters A federal judge has knocked down Tesla CEO Elon Musk’s bid to terminate a settlement agreement that he struck with the Securities and Exchange Commission after the agency charged

3:10 PM ET Formula One’s 46-year wait for a woman driver is likely to continue for some years but next week’s Miami Grand Prix could be a significant springboard for the all-female W Series, according to founder Catherine Bond Muir. The single-seater championship, which uses F3 cars and partnered with Formula One in 2021, has

LONDON — McLaren Automotive has hired Ferrari executive Michael Leiters as its CEO. Leiters, 50, replaces Mike Flewitt, who resigned from the British sports-car maker in October. Leiters stepped down as Ferrari’s chief technology officer in December as part of a leadership reorganization at the Italian luxury brand. At Ferrari, Leiters oversaw the development of

In this article LCID With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the government of Saudi Arabia has agreed to buy up to 100,000 of its electric vehicles over the next ten years. Saudi Arabia’s public wealth fund holds

6:10 PM ET Associated Press Roger Penske has tweaked qualifying for next month’s Indianapolis 500 to add a shootout that will determine the first four starting rows for “The Greatest Spectacle in Racing.” Penske told The Associated Press the tweaks will create a high-pressure atmosphere on the second day of qualifying. “We’re going to have

The U.S. saw a record number of light-vehicle recall campaigns in 2021, but a smaller number of vehicles were affected, according to data from investment bank and advisory firm Stout. Individual recall campaigns reached a record high of 406 in 2021 compared with 317 in 2020, while the total number of vehicles affected dropped to

In this article GM General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the White House in Washington, U.S., January 26, 2022. Kevin Lamarque | Reuters DETROIT – General Motors will begin tying

12:28 PM ET As Lewis Hamilton crossed the line in 13th place at the Emilia Romagna Grand Prix, Mercedes team principal Toto Wolff issued an apology to his driver over the pit-to-car radio. “Lewis, sorry for what you have needed to drive today,” Wolff said. “This is undriveable and not what we deserve to score

DETROIT — General Motors has asked its global suppliers to sign a pledge of carbon neutrality, development of social responsibility programs and implementation of sustainable procurement practices in their supply chain operations. “There are economic and social imperatives in lowering emissions and addressing climate change while cultivating a just transition,” Jeff Morrison, GM vice president

In this article TSLA TWTR Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla and SpaceX CEO Elon Musk, the world’s wealthiest person on paper, is buying Twitter, the social media platform he has relied on for years to promote his