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In this article TSLA A Tesla Model Y is seen in a production hall of the Tesla Gigafactory during the open day. In Grünheide, east of Berlin, the first vehicles are to roll off the production line from the end of 2021. Patrick Pleul | picture alliance | Getty Images Tesla has gained approval to

2:17 PM ET Associated Press ST. PETERSBURG, Fla. — Scott McLaughlin circled qualifying as the area he had to improve upon in his second season of IndyCar. He nailed it in his first session of the year. McLaughlin beat Team Penske teammate Will Power, one of the best qualifiers in series history, to win the

DETROIT – The Detroit 3 automakers and UAW late Thursday announced that factory workers in areas not deemed high risk by the Centers for Disease Control and Prevention will no longer have to wear masks on the job regardless of vaccination status. The union and automaker’s joint task force said that each company will communicate

In this article F GM TSLA Maja Hitij | Getty Images News | Getty Images Tesla CEO Elon Musk challenged the United Auto Workers to try and organize employees at his company’s plant in Fremont, California, and stepped up his attacks on the Biden administration’s policies. In a series of tweets this week, Musk went

6:19 AM ET Formula One has confirmed it has terminated its contract with the promoter of the Russian Grand Prix, meaning the sport has no plans to hold a race in the country in the future. The news comes in the wake of Russia’s invasion of Ukraine and follows F1’s decision last week not to

Rivian Automotive Inc. rolled back price hikes on EVs booked before March 1 on Thursday, days after facing backlash from customers following a 20 percent price hike. Prices for preorders as of March 1 will roll back to the previous price and customers who canceled orders can reinstate them, CEO RJ Scaringe said in a

In this article F Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor said on Wednesday that it will separate – but not spin off – its electric vehicle business from its legacy autos operations. Many Wall Street analysts and

3:15 PM ET Associated Press ST. PETERSBURG, Fla. — Scott McLaughlin at last showed his long move from Australia to the United States was worth the gamble, getting his first IndyCar Series win on Sunday in the season-opening race through the downtown streets of St. Petersburg. Now the native New Zealander will have to see

TOKYO — A Tokyo court has found the former Nissan executive Greg Kelly guilty of playing a role in helping former boss Carlos Ghosn allegedly hide more than $80 million in deferred compensation. But after more than three years of prosecution, Kelly, 65, was given a six-month suspended sentence by chief judge Kenji Shimotsu. The

Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Patrick Pleul | picture alliance | Getty Images Tesla and Elon Musk are facing a trial over the CEO’s 2018 pay package, which was worth around $2.5 billion at the time it was granted. Shareholder Richard J. Tornetta sued

6:51 AM ET Russian licensed drivers, such as Haas’ Nikita Mazepin, will not be allowed to compete at the British Grand Prix, it was announced on Wednesday. David Richards, Chair of Motorsport UK, and the organisation’s board confirmed in a statement that Russian and Belarusian licensed competitors would not be approved to participate in UK

Honda Motor Co. is halting exports of cars and motorcycles to Russia, joining a growing number of global companies choosing such as General Motors and Ford Motor Co. not to do business in the country after its invasion of Ukraine. The Japanese carmaker made the decision due to challenges around distribution and finances, Misako Saka,

In this article F Ford has started initial pre-production of its electric F-150 Lightning pickup truck at a new plant in Dearborn, Mich. Michael Wayland | CNBC Ford Motor plans to produce more than 2 million electric vehicles annually and generate a 10% adjusted operating profit margin by 2026, the company announced Wednesday as part

3:07 PM ET The FIA has decided not to ban Russian drivers from motorsport in the wake of the country’s military invasion of Ukraine, allowing Nikita Mazepin to remain in Formula One with Haas. Motor racing’s governing body decided Tuesday that a ban would only extend to drivers competing under the flag of Russia or

Ford Motor Co. on Wednesday will announce a reorganization under which its electric and internal-combustion engine businesses will be run separately in a move meant to allow the EV business to maximize profits and move with greater speed, three people familiar with the plan told Reuters. The EV and ICE businesses will remain under the

In this article GM RIDE The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth quarter following an undisclosed lock-up period, the Detroit automaker confirmed Tuesday. GM owned 7.5 million shares

7:21 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 The Formula One future of Nikita Mazepin is in doubt as American team Haas

AMSTERDAM — Stellantis has established two task forces to deal with the effects of the Russian invasion of Ukraine. One of the task forces is monitoring sanctions imposed by the U.S. and its Western allies on Russia and how the automaker will comply with them, CEO Carlos Tavares said on Tuesday. Tavares was speaking with

SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Shares of Tesla rose more than 7% to close at $870.43 on Monday after reports out of Germany indicated that the company is close to receiving approvals to begin

8:36 AM ET Ukraine’s motor racing federation has asked Formula One’s governing body, the FIA, to ban all Russian and Belarusian drivers amid the ongoing war in its country. If the request is accepted it would prevent Russian driver Nikita Mazepin from racing for Haas in F1. Russian military invasion of Ukraine has caused widespread

Used-car online auction company ACV Auctions Inc. said Monday it completed a $19 million acquisition of Monk SAS, an artificial intelligence solutions company that automates vehicle damage detection. The acquisition is ACV’s latest step in building up its slate of digital products aimed at dealers and commercial partners. The AI option can help dealer customers

Lucid Air Courtesy: Lucid Motors Lucid Group is cutting its car production forecast for this year by as much as 40%, sending shares of the electric vehicle start-up tumbling 13% during after hours trading. The company on Monday cited supply chain constraints and parts quality issues for slashing production to between 12,000 and 14,000 vehicles,

7:08 PM ET Associated Press CHANDLER, Ariz. — Robert Hight raced to his second straight Funny Car win to open the NHRA Camping World Drag Racing Series season, beating Matt Hagan on Sunday in the NHRA Arizona Nationals. In a matchup of two three-time season champions at Wild Horse Pass Motorsports Park, Hight had a

The estimated number of vehicles axed from assembly plant schedules worldwide because of the microchip shortage rose 11 percent from a week earlier, due in large part to cuts at North American and European plants, according to AutoForecast Solutions. AFS said about 643,100 vehicles have been eliminated from global production schedules so far in 2022,

In this article TSLA Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Tesla CEO Elon Musk told CNBC that he is glad to see the Justice Department is investigating short sellers,

9:22 PM ET Associated Press FONTANA, Calif. — Cole Custer persevered through four late restarts to win a protracted NASCAR Xfinity Series race at Fontana on Saturday night, claiming the title at his home track for the second time. Custer comfortably held off Noah Gragson and Trevor Bayne in triple overtime after the final restart.

An Israeli nanotechnology startup wants to supersize — and smarten — the conventional head-up display. Spectralics, which has drawn interest and investment from Volvo Cars, has developed a hardware development kit for imaging systems, with a novel thin optical film technology as one of its core components. When integrated into a vehicles’ windshield, the film

A couple inspects the Monroney sticker on a Ford vehicle at the Helfman Ford dealership on October 28, 2021 in Houston, Texas. Brandon Bell | Getty Images The surge in auto prices in the second half of 2021 has pushed more consumers to take out auto loans that stretch beyond six years, according to a

9:56 PM ET Associated Press CHANDLER, Ariz. — Matt Hagan made the quickest Funny Car run in four years Saturday, giving the new Tony Stewart Racing NHRA team its first No. 1 qualifier and setting the track record to close out qualifying at the NHRA Arizona Nationals. Hagan had a 3.823-second run at 333.41 mph

For luxury-brand dealerships already limited in volume, finding ways to fill emptied lots amid an ongoing chip shortage can require a bit of courage, curiosity and risk. At least that was the case for Alfa Romeo and Maserati of Ontario in California, which, like many U.S. dealerships, has been grappling with lower-than-normal levels of new-vehicle