Ford Motor Co., seeking to fill the leadership team of its newly created Ford Blue division, said Kiersten Robinson, its top human resources executive, would become general manager of Ford Blue’s family vehicles as well as president of Ford’s operations in Mexico and Canada. Robinson will report to Kumar Galhotra, president of Ford Blue, and
News
In this article GM GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors is creating a new China-based premium import business focused on sales of high-margin, “iconic vehicles”
8:52 PM ET Associated Press HAMPTON, Ga. — William Byron had a freight train in his rearview mirror. A sitting duck, it seemed. Fortunately for him, all those challengers started jostling against each other rather than working together to take down the leader. While Byron cruised to the checkered flag for the third victory of
Maserati’s transformation into a fully electric brand by 2030 is being accompanied by a more efficient and disciplined retail strategy. In 2021, the Italian luxury brand had to overhaul a distribution model that was leading to cars sitting at U.S. ports that weren’t assigned to dealerships yet. Under the old method, Maserati would order vehicles
In this article 6723.T-JP 7203.T-JP A car dealership’s window is broken following a strong earthquake in Koriyama, Fukushima prefecture, Japan in this photo taken by Kyodo on March 17, 2022. Kyodo| via Reuters DETROIT – A major earthquake this week in Japan is causing additional problems for the already constrained global automotive supply chain, which
1:10 PM ET Lewis Hamilton believes Mercedes will be fighting for scraps behind Ferrari and Red Bull at the Bahrain Grand Prix. Hamilton qualified fifth in a session that felt like a changing of the guard in F1 after eight years of Mercedes being the benchmark. Ferrari’s Charles Leclerc edged out Red Bull’s Max Verstappen
The landlords of a Honda dealership engaged in “unfair commercial extortion,” fraudulently misrepresented the ownership of the property and wrongfully delayed construction of the store for more than two years, the Massachusetts Supreme Judicial Court has ruled. The sharply worded decision upheld an award of $10,517,250, plus attorney fees, in favor of what was then
A driver uses a fast-charging station for electric in the cell phone lot at John F. Kennedy (JFK) airport on April 02, 2021 in New York City. Spencer Platt | Getty Images It has been true for years: Mile for mile, it’s cheaper — generally much cheaper — to recharge an electric vehicle than it
5:21 PM ET Kevin Magnussen described his Formula One comeback as a crazy roller-coaster ride after qualifying his Haas a sensational seventh for Sunday’s season-opening Bahrain Grand Prix. The only team that failed to score a point last year suddenly look like top 10 runners and Magnussen, drafted in as a late replacement for sacked
The Texas billionaire facing the largest U.S. tax-evasion case against an individual is urging a judge to accept his family trust’s offer to put up $1.45 billion in exchange for the IRS relaxing liens on his property and assets. Robert Brockman’s offshore charitable trust is willing to move money from Switzerland into U.S. accounts, according
In this article VOW3-DE VWA’-BE David Gray | Reuters Volkswagen recalled 246,000 Atlas and Atlas Cross Sport SUVs in the U.S. and Canada because of a wiring issue that could cause problems with the airbags, windows and brakes of the cars. Damage to the wiring of the cars could result in airbags deploying “later than
9:36 AM ET Racing’s governing body the FIA has said “human error” contributed to the controversial finish at last year’s Abu Dhabi Grand Prix but insisted former race director Michael Masi acted in good faith throughout. Masi incorrectly applied the Safety Car procedure at the end of the title decider between Max Verstappen and Lewis
The Texas billionaire facing the largest U.S. tax-evasion case against an individual is urging a judge to accept his family trust’s offer to put up $1.45 billion in exchange for the IRS relaxing liens on his property and assets. Robert Brockman’s offshore charitable trust is willing to move money from Switzerland into U.S. accounts, according
A car buyer may never see crash test dummies, but they are a crucial piece of what keeps pushing automotive safety forward. The latest crash test dummies are loaded with sensors and new tech, and they can cost $1 million. Major automakers and suppliers can have fleets of dozens of dummies. New dummies are also
2:33 PM ET Mercedes looked a long way off the pace in practice for the Bahrain season-opener on Friday and seven times Formula One world champion Lewis Hamilton and new team mate George Russell saw no quick fix. Hamilton was ninth in the second session at Sakhir, with Russell fourth. The pair were seventh and
Energy Secretary Jennifer Granholm and Sen. Joe Manchin, D.-W.Va., on Friday announced a program to develop lithium batteries in the U.S. as part of a broader strategy to help Appalachia amid a transition away from coal. Lithium-based batteries are critical components of electric vehicles, grid storage and weapons, but the U.S. relies on international markets
In this article GM A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank
4:54 AM ET Formula One chief executive Stefano Domenicali said the controversial end to last year’s Abu Dhabi Grand Prix had not eroded the trust of the sport’s fans as it prepares to embark on a new era at this weekend’s season-opener in Bahrain. Max Verstappen clinched his first title at the Yas Marina season
The first two-seater electric Porsche will be a 718, executives confirmed on a video call with reporters. Drivers can also expect a hybrid version of the Porsche 911, Oliver Blume, Porsche’s CEO, said Thursday. But Blume did not specify when the production hybrid, which would use full rather than plug-in hybrid technology, would begin. The
The all-electric Porsche Taycan Turbo. Source: Porsche AG DETROIT – As the all-electric Porsche Taycan sedan outsells the German carmaker’s iconic 911 sports car, the company is increasing its EV sales targets. It also plans to roll out a hybrid version of the 911. Porsche on Friday announced it expects 80% of its global sales
1:53 PM ET Associated Press SEBRING, Fla. — NASCAR and Hendrick Motorsports have partnered on an effort to enter the 24 Hours of Le Mans next year with a modified version of its new Next Gen car. The collaborative effort announced Thursday at Sebring International Raceway seeks the “Garage 56” entry, which was created in
Small public auto retailer LMP Automotive Holdings Inc. plans to sell the corporate jet it bought in the fall. The Fort Lauderdale, Fla., retailer with eight franchised dealerships and four used-vehicle stores, and which said in February that it was exploring strategic options including a possible sale of the company, in a Wednesday regulatory filing
Getty Images DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as automakers globally, including Audi and its Volkswagen parent company, attempt to maintain supply chains of crucial parts such as semiconductor chips and wire
4:54 PM ET Associated Press Pato O’Ward scored his first career IndyCar win a year ago at Texas Motor Speedway and was rewarded for it with a Formula One test with McLaren. Now as he returns to his de facto home track for Sunday’s race, O’Ward’s bright future has suddenly become very cloudy. He’s got
A closely watched auto-industry forecaster lopped more than 5 million cars off its projections for global production this year and next, largely due to fallout expected from Russia’s invasion of Ukraine. S&P Global Mobility, formerly known as IHS Markit, lowered its 2022 and 2023 estimates each by 2.6 million vehicles. The forecaster now expects auto
In this article 9868-HK A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images China’s XPeng said Thursday it led an investment into a new $200 million fund focused
9:59 AM ET Nate Saunders Close F1 Associate Editor • Previously worked in rugby union and British Superbikes • History graduate from Reading University• Joined ESPNF1 in February 2014 Laurence Edmondson Close F1 Editor • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Struggling with who to support in Formula One this year? This is the guide
Citing insufficient evidence, authorities declined to file charges against a Miami Shores, Fla., dealership finance manager arrested on suspicion of identity theft. Tropical Chevrolet Finance Manager Sofia Pinedo, 31, was arrested by the Miami Shores Police Department in February after Jennifer Umanzor reported appearing as a co-signer on an ex-boyfriend’s 2016 Porsche Macan without authorization,
In this article GM An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. General Motors Co. | Reuters DETROIT – General Motors is gearing up to deliver Cadillac’s first electric vehicle
8:16 AM ET Ahead of this weekend’s Bahrain Grand Prix, Formula One has been accused of ignoring human rights abuses in the country and having a “clear double standard” about where it decides it should and should not host races. The Bahrain Institute for Rights and Democracy (Bird) said F1 has “abandoned those who have