In this article TSLA The year was 2006, the concept of electric vehicles expensive and impractical. But a small engineering team had an unorthodox vision for a car that could truly showcase the potential of electrification. That summer, then-fledgling start-up Tesla Motors unveiled its tour de force to the world — the Roadster. Right out
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4:46 AM ET JEDDAH, Saudi Arabia — Saudi Arabia’s minister of sport, Prince Abdulaziz Bin Turki Al-Faisal, said his country would not have hesitated in cancelling this weekend’s Saudi Arabian Grand Prix if it felt there was a genuine security threat to the event. Formula One’s 20 drivers came close to boycotting the race in
BMW is re-imagining the brick-and-mortar showroom experience for the digital age. The brand’s global Retail Next design concept, which debuts in the U.S. in July, attempts to make the dealership visit feel more experiential and less transactional, BMW of North America sales boss Shaun Bugbee told Automotive News last week. “It’s about recognizing that the
In this article STLA-IT Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images DETROIT – Automaker Stellantis and LG Energy Solution will
7:06 PM ET JEDDAH, Saudi Arabia — Leading Formula One drivers have made clear that they want to revisit the topic of Formula One’s presence in Saudi Arabia once Sunday’s race in the country is over. On Friday night, all 20 F1 drivers were on the brink of boycotting this year’s race after a missile
NEW YORK — A federal judge on Friday authorized the U.S. Securities and Exchange Commission to distribute $40 million from its 2018 settlements with Tesla Inc. and CEO Elon Musk, after Musk accused the regulator of dragging its heels. U.S. District Judge Alison Nathan in Manhattan approved the distribution plan that the SEC proposed on
In this article 9866-HK TLRY HNST : The Honest Company founder and chief creative officer Jessica Alba and The Honest Company CEO Nick Vlahos ring the Nasdaq Stock Market opening bell to mark the company’s IPO at NASDAQ MarketSite on May 05, 2021 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Honest
5:57 AM ET Formula One’s drivers opted against boycotting the Saudi Arabian Grand Prix because government ministers assured them security measures were being “elevated to the maximum”, according to the Grand Prix Drivers’ Association (GPDA). F1’s 20 drivers held a remarkable four hour meeting on Friday evening as they resisted F1’s calls to race on
From her early work fighting against freeway expansions around Los Angeles to her tenure as chair of the California Air Resources Board, Mary Nichols has spent more than five decades grappling with transportation’s role in contributing to pollution and climate change. Now as co-chair of the Coalition for Reimagined Mobility along with Ford Motor Co.
In this article FDX FedEx EP1 cart by Brightdrop Source: Brightdrop FedEx plans to test electric carts to make deliveries on its signature Express routes in 10 U.S. and Canadian cities throughout 2022. The company hopes electric delivery carts will help address a major challenge it faces in every big city it serves: lack of
2:26 PM ET JEDDAH, Saudi Arabia — Formula One has confirmed this weekend’s Saudi Arabian Grand Prix will go ahead as planned despite an attack on a nearby oil facility. An Aramco oil depot 10km east of the Jeddah street circuit was in flames on Friday evening, with a large plume of black smoke visible
DETROIT — Tim Edmunds, a former UAW official at Local 412 in Warren, Mich., pleaded guilty Friday to embezzling $2.2 million in union funds and to money laundering. He could face up to nearly five years in prison, according to the U.S. Attorney’s Office for the Eastern District of Michigan The guilty pleas come roughly
Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors will halt pickup truck production at a factory in Indiana for two weeks next month due to an ongoing shortage of semiconductor chips that
5:59 PM ET Las Vegas will host its first Formula One race in November 2023, according to Sports Business Journal. F1 has been in negotiations with Las Vegas and Nevada officials for months with an eye toward holding an annual race in and around the Las Vegas Strip. The race will be officially announced in
The inline-six, a classic engine design noted for durability, fuel efficiency and smoothness, will return to the Dodge and Jeep lineups this year. Stellantis said Friday its new Hurricane 3.0-liter twin-turbo six-cylinder engine — designed and engineered from a clean slate — fits front-engine, rear-wheel-drive vehicles such as the Jeep Wrangler and Grand Cherokee, Ram
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images A slew of electric vehicle companies operating in China have been forced to raise the prices of their cars as the cost of raw materials shoot up. Some companies like
4:53 AM ET Two-time W Series champion Jamie Chadwick will defend her title in 2022 with Jenner Racing as the women’s-only series announced its line up for the eight-race season. The series has revised the format for season three to follow a team and sponsor-based set-up, however cars and equipment remain equal. Among the 17
Stellantis is continuing to build vans at its factory near Moscow, even as rival Renault has bowed to pressure to exit its sizable operations in Russia following its invasion of Ukraine a month ago. Stellantis’s Kaluga factory is operating at a low level, a spokeswoman said Thursday, though the plant may have to shut down
In this article 9866-HK Nio plans to begin deliveries of its ET7 electric sedan in 2022. Evelyn Cheng | CNBC Nio‘s sleek and powerful electric vehicles have captured the attention of investors – and rival automakers – around the world, but they haven’t always been able to power past the supply-chain disruptions that have played
6:27 AM ET Formula One could have 30 races a season based on current demand, according to CEO Stefano Domenicali, with a race in Las Vegas expected to be announced in the coming weeks. F1 is experiencing a massive spike in interest globally and is seeing unprecedented interest from potential race hosts. This year features
The Unifor national board has charged former president Jerry Dias with allegedly violating the union’s constitution and will hold a hearing before its board to weigh evidence, as the long-time union leader said Wednesday he has entered a residential rehabilitation facility. Dias retired after 8 ½ years as Unifor president March 11, citing ongoing medical
In this article NKLA Nikola Motor’s Tre semi-truck. Nikola Motor Company Electric heavy-truck startup Nikola announced on Wednesday that it has begun production of the battery-powered version of its electric Tre semitruck at its factory in Coolidge, Arizona. The company plans to begin deliveries of the trucks in the second quarter, officials said during a
7:33 AM ET Alpine will have no excuses for below-par performances in Formula One’s new era, where a radical rules overhaul and the introduction of a lower budget cap are aimed at producing closer racing, double world champion Fernando Alonso said. The 40-year-old Spaniard returned to Formula One last year with the British-based team who,
SHANGHAI — Geely Automobile Holdings Ltd. expects rising raw material prices and global chip shortages to pressure its profitability and sales this year, the Chinese company said on Wednesday, after reporting a 12 percent fall in 2021 profit. The automaker, thanks to its investments in Volvo Cars and Mercedes, reported a 2021 profit of 4.85
The Mayor of London, Sadiq Khan, has issued a high pollution alert for the U.K. capital. Andrew Holt | Photolibrary | Getty Images LONDON — Mayor of London Sadiq Khan has issued a high pollution alert for the U.K. capital, telling those with lung and heart problems to “avoid physical exertion” for its duration. In
4:05 AM ET China’s first Formula One driver, Guanyu Zhou, enjoyed a dream start to his career at the season-opening Bahrain Grand Prix on Sunday, as the Alfa Romeo rookie finished in the points on his debut. The 22-year-old from Shanghai had already made an impression, lining up 15th on the grid after making it
Dan Ammann, the former General Motors president who abruptly left his post as CEO of Cruise in December, has been named president of ExxonMobil Low Carbon Solutions. Ammann will replace Joe Blommaert, who is retiring after 35 years with the company. Ammann’s appointment is effective May 1, according to a company statement. Ammann, 49, had
In this article TSLA SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk will officially open Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off
7:13 AM ET Ferrari and Carlos Sainz are close to signing a contract extension to keep the Spaniard at the team beyond this season. Sainz replaced Sebastian Vettel last year on a two-year deal and finished ahead of Charles Leclerc in their first season as teammates, claiming podium finishes in Monaco, Hungary, Russia and Abu
Ford Motor Co.’s F-150 Lightning electric pickup will get up to 320 miles of battery range — 20 miles more than previously expected — according to final EPA estimates released Monday. The top-end range will be available on XLT, Lariat and Pro trims equipped with an optional extended-range battery. Platinum trims, which come standard with