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Online used-vehicle retailer Shift Technologies said Tuesday it is acquiring the dealer listing marketplace assets of Fair Technologies, a vehicle retailing platform, for $15 million in cash and 2.5 percent equity. In its reasoning for the deal, Shift said it wants to establish an online marketplace presence where dealers and independent sellers can list their

In this article TSLA John Bernal, the creator of AI Addict on YouTube. Courtesy: AI Addict Tesla has fired a former Autopilot employee named John Bernal after he shared candid video reviews on his YouTube channel, AI Addict, showing how the company’s Full Self Driving Beta system worked in different locations around Silicon Valley. Following

8:03 AM ET Saudi Arabia’s Jeddah street track is set to host the country’s Formula One race for at least another four years, the chief executive of the event’s promoter Martin Whitaker has said. The Gulf kingdom made its Formula One debut last year as part of a 15-year-deal with a night race in Jeddah

Tesla Inc. raised prices on all its vehicles after CEO Elon Musk said costs were increasing at the companies he runs. The cheapest Model 3 in the U.S. is now $46,990, according to Tesla’s website. The company raised prices 3 percent to 5 percent in both the U.S. and China, Dan Levy, a Credit Suisse

In this article F VOW3-DE GS TSLA A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt said Tuesday it would look to build a gigafactory in Germany, with the firm hoping the facility’s first batteries will be produced in 2025. In a statement, the Stockholm-headquartered battery maker

11:01 AM ET Lewis Hamilton has said he is in the process of changing his name to include his mother’s maiden name, Larbalestier. The seven-time Formula One world champion revealed his decision in front of a crowd at the 2022 Dubai Expo, ahead of this weekend’s season-opening grand prix in Bahrain. 1 Related “It would

TOKYO – Former Nissan director Greg Kelly, cleared on most counts and handed a suspended sentence in the long-running Tokyo trial over alleged financial misconduct by Carlos Ghosn, was welcomed back to Tennessee today by U.S. Sen. William Hagerty, who praised Kelly for building bridges between Japan and the U.S. Hagerty, who was U.S. ambassador

In this article NKLA San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. Brittany Murray | MediaNews Group | Getty Images DETROIT –

11:48 PM ET Associated Press GAINESVILLE, Fla. — Three-time Funny Car season champion Matt Hagan gave Tony Stewart Racing its first NHRA Camping World Drag Racing Series victory Sunday, racing to his first career win at the historic Gatornationals at Gainesville Raceway. In the final round, Hagan powered his Dodge Charger Hellcat SRT to a

Ford Motor Co. said it will launch seven full-electric vehicles in Europe including a battery-electric version of the Puma small crossover, its best-selling passenger car in the region. The three new full-electric passenger cars and four new electric vans will be launched by 2024 and will all be built in Europe, Ford said in a

In this article BMW-DE Spencer Platt | Getty Images News | Getty Images German automaker BMW AG said Thursday its revenue and net profit hit all-time highs in 2021, despite increased spending on research and development related to electric vehicles. In a preview of results that it will present at its annual meeting next week,

SAKHIR, Bahrain — New regulations, new cars and possibly a new competitive order in Formula One. Don’t expect the tables to turn completely at the start of F1’s new era, but it’s clear at least one of the top teams is struggling while a number of the smaller outfits have made significant strides. Below is

LAS VEGAS — The Mitsubishi Outlander PHEV has been a key performer for the brand for years and has been serving as a gateway to electrification for customers, said Richard Herod III, chairman of the Mitsubishi National Advisory Board. Now the redesigned model is getting ready to debut later this year with a new system

In this article RIVN Rivian signage at the Nasdaq on their IPO day, November 10, 2021 in New York. Source: Rivian Shares of Rivian Automotive tumbled in after-hours trading Thursday after the company missed Wall Street’s fourth-quarter earnings expectations and forecast a modest increase in vehicle production for 2022. Shares of the automaker were down

8:23 PM ET Associated Press GAINESVILLE, Fla. — Robert Hight topped Funny Car qualifying Saturday in the Amalie Motor Oil NHRA Gatornationals in his bid to open the season with three straight victories. Hight had a 3.831-second run at 333.41 mph in a Chevrolet Camaro for his first No. 1 qualifier of the season and

LAS VEGAS — Ford Motor Co., beset by ongoing production woes, told dealers on Saturday it was pushing back allocations and that wholesale deliveries will be lighter until the end of May, although it continues to produce vehicles and fill customer orders. Ford dealers who attended a make meeting told Automotive News they did not

Cruise Origin Cruise DETROIT – Federal vehicle safety regulators have cleared the way for the production and deployment of driverless vehicles that do not include manual controls such as a steering wheel or pedals. The U.S. National Highway Traffic Safety Administration on Thursday issued final rules eliminating the requirement that cars with automated driving systems,

11:40 AM ET SAKHIR, Bahrain – Reigning world champion Max Verstappen sent a signal of intent to his rivals on the final day of preseason testing by setting the fastest lap time of the week by over half a second. Red Bull brought a significant upgrade package to its RB18 car for the final day

The NADA Show is back with an in-person event this year in Las Vegas. So far EVs, hiring and dealer sentiment have been key topics for discussion. Follow this live blog for regular updates from day three of the show: Last year, amid the pandemic, 16 percent of auto purchases were made completely online, compared

Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor dealer Marc McEver was taken back when he heard about the automaker’s plans to separate its electric vehicle and legacy businesses as part of a restructuring under CEO Jim Farley. The

2:47 PM ET Ferrari’s Carlos Sainz suggested Formula One champions Mercedes were playing “typical” games in talking up the Italian team’s prospects ahead of the season starting in Bahrain next week. Seven-time world champion Lewis Hamilton and new teammate George Russell pointed to Ferrari’s form in testing at Sakhir. “From what I can see, today

EV maker Rivian has hired a top executive from a major auto supplier as its next COO, according to people familiar with the matter, an effort to get its troubled manufacturing operations back on track. Rivian has struggled to ramp up production, citing supply chain constraints such as a shortage of semiconductors. To help tackle

Fg Trade | Istock | Getty Images If your three-year auto lease is coming to an end soon, be aware that your car may be worth far more than you realize. The 2022 average trade-in value for 2019 model-year vehicles is 33% higher ($7,208) than the predetermined residual value — a vehicle’s worth at the

10:24 AM ET Associated Press J.R. Hildebrand was named the oval driver for A.J. Foyt Racing on Friday and will make his season debut next week at Texas Motor Speedway. Hildebrand will share the No. 11 Chevrolet with Tatiana Calderon, the Colombian driver hired to race the street and road courses this year. Calderon, the

Dealers shouldn’t let a lack of sales experience on a resume stop them from hiring an otherwise qualified candidate, sales manager and Automotive News 40 Under 40 honoree Erikka Wells told NADA attendees. Not giving real consideration to applicants who are women and people of color is choking dealers’ ability to net a wider customer

In this article PCG’A F 2022 Ford F-150 Lightning Ford Ford Motor will collaborate with Pacific Gas and Electric Co. in California to evaluate the bidirectional charging capabilities of the electric F-150 Lightning to power homes and return energy to the power grid. Ford CEO Jim Farley and PG&E CEO Patti Poppe announced the plans

4:05 PM ET SAKHIR, Bahrain — In the space of Formula One’s two preseason tests, Mercedes has presented two very different versions of its new car. When the W13 left Barcelona after the first test it looked relatively conventional. When it emerged again in Bahrain for the second test it looked genuinely revolutionary. The changes,

Rivian Automotive Inc. is slashing production targets for its electric vehicles, backing off on price hikes for some customers and posting huge financial losses. But the young automaker still has ambitious plans. In the short term, there’s not a lot the California EV startup can do to speed output of the R1T pickup, R1S SUV

In this article RIVN ZE594-CN R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Electric vehicle maker Rivian plans to use new types of battery cells in its electric trucks,

8:02 AM ET Haas has opted for a red and white look for its Formula One car this season as it moves on from its tenure with Nikita Mazepin and old title sponsor Uralkali. On Wednesday, Haas confirmed Kevin Magnussen was returning to the team to replace the ousted Mazepin. The following day, after a