In this article @PA.1 A chip made by Taiwan Semiconductor Manufacturing Company TSMC Russia’s invasion of Ukraine could further strain the supplies of semiconductor chips that have already caused global production disruptions for tech companies and automakers for more than a year. Russia and Ukraine are critical suppliers of neon gas and palladium that are
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A new era of Formula One got underway this week at the Circuit de Catalunya with all ten teams taking to the track for the first test of the preseason. Although it’s too early to call a definitive order, it’s clear that some teams have made a stronger start than others and it was no
DETROIT — The recent multibillion-dollar takeovers of Meritor Inc. and Tenneco Inc. came about at the same time for different reasons, but both are likely to have a big impact in metro Detroit where the automotive suppliers have a major presence and long history. Meritor’s pending sale to Cummins Inc. is a $3.7 billion bet
Cars sit at a standstill as people try to leave the city on February 24, 2022 in Kyiv, Ukraine. Chris Mcgrath | Getty Images New U.S. sanctions and Russia’s invasion of the Ukraine could have wide-ranging impacts on the already constrained automotive global supply chain, but only a few automakers have notable exposure in the
Two groups expanded with fourth-quarter and first-quarter dealership acquisitions, while a father-and-son duo bought a single store in the fourth quarter. Here’s a look at the deals involving domestic and import brands and dealerships in Florida, Texas and Massachusetts. Butler Automotive Group of Macon, Ga., bought a Toyota dealership in Jacksonville, Fla., in late 2021,
2:52 PM ET Associated Press ST. PETERSBURG, Fla. — Michael Andretti said Friday that his father revealed his Formula One aspirations last week to show the FIA there is strong public support for an expansion team, adding that he would need a decision from motorsports’ governing body in the next month to be properly prepared
Elon Musk’s brother Kimbal Musk applauds to him at a briefing after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA’s SpaceX Demo-2 mission to the International Space Station from NASA’s Kennedy Space Center in Cape Canaveral, Florida, U.S. May 30, 2020. Jonathan Ernst | Reuters Coincidence or stock tip?
More than a week after a ship packed with luxury cars caught fire in the middle of the Atlantic Ocean, a salvage team managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago. In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said
12:43 PM ET BARCELONA, Spain — Ferrari’s Charles Leclerc set the pace in the second day of preseason testing at the Circuit de Catalunya as hype continued to build around the performance of the Italian team. A clear favourite has yet to emerge from the first F1 test of 2022, with teams focusing on gaining
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 Shares of
Online used-vehicle retailer Carvana, pressed in recent months to expand its vehicle reconditioning capacity, said Thursday it plans to buy the ADESA U.S. physical wholesale auction business from KAR Global Inc. for $2.2 billion in cash. The transaction would “include all auction sales, operations and staff” at ADESA’s 56 vehicle logistics centers in the U.S.
2:00 PM ET BARCELONA, Spain – Haas will run a plain white car, minus any of its Uralkali branding or Russian flag colours, for the final day of F1 testing on Friday. Russia’s military launched a long-feared invasion of Ukraine early Thursday, attacking its ex-Soviet neighbour from multiple directions despite warnings of dire consequences from
In this article TSLA Tesla Inc. CEO Elon Musk arrives for a S.E.C. hearing at the Manhattan Federal Courthouse in New York, April 4, 2019. Eduardo Munoz | Reuters A U.S. federal district judge rejected Elon Musk’s attempt to bring the Securities and Exchange Commission before the court in an order out Thursday. The Tesla
Autonomous vehicle venture Motional and ride services company Via said they will launch on Thursday a robo-taxi service in Las Vegas, the latest step by Motional toward commercial deployment of its autonomous vehicle systems. Via will use vehicles outfitted with Motional autonomous driving systems to offer free rides between several locations in downtown Las Vegas.
4:38 AM ET The FIA has condemned the online racist abuse directed at Kenyan driver McRae Kimathi in the build-up to his Junior World Rally Championship (WRC) debut at this week’s Rally Sweden. Motor sport’s governing body said it would take all necessary steps to ensure that abuse is reported to the relevant authorities. Kimathi,
A U.S. Postal Service worker prepares packages for delivery during Cyber Monday in the SoHo neighborhood of New York, on Monday, Nov. 29, 2021. Angus Mordant | Bloomberg | Getty Images The U.S. Postal Service on Wednesday completed a final regulatory requirement for its plan to replace its delivery fleet with thousands of gas-powered vehicles, forging
WASHINGTON — The U.S. Postal Service has finalized a contract to replace its mail-truck fleet with almost all gasoline-powered models, drawing an angry response from Biden administration officials who unsuccessfully pushed the agency to buy electric vehicles instead. The record of decision signed Wednesday represents the culmination of a failed lobbying effort by the Environmental
2:06 PM ET BARCLEONA, Spain — Lewis Hamilton isn’t known for his love of preseason testing, but even the seven-time champion arrived early in the pit lane at the Circuit de Catalunya on Wednesday to witness the dawn of F1’s new era. He wasn’t due to drive his new Mercedes W13 until the afternoon, but
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor has no plans at this time of spinning off its electric vehicle or gasoline-powered vehicle businesses, CEO Jim Farley said Wednesday. His comments come less than a week after Bloomberg News
Approvals for Rivian Automotive Inc.’s planned EV plant in Georgia will be handled by state authorities after local opposition threatened to delay groundbreaking on the $5 billion investment. Construction is scheduled to start in the summer but no specific date has been given by the company, which announced the location in December. Split across Morgan
3:37 AM ET Reigning Formula One world champion Max Verstappen has hit the track on the opening morning of preseason testing in the first public outing of the new Red Bull. Verstappen, driving a car branded with the number one instead of his usual 33 to note his new status, rolled out of the garage
In this article TSLA Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images Tesla CEO Elon Musk, in an email exchange with CNBC on Tuesday, accused President Joe Biden of ignoring his electric vehicle company in favor of paying more attention to legacy auto makers. But he
SAN FRANCISCO — A former Tesla Inc. construction manager has filed a lawsuit against the EV company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In the lawsuit filed with Alameda County Superior Court on Friday, Marc Cage, an African American, claimed to have reported safety violations that
12:15 PM ET MONTMELO, Spain — The first race of the new F1 season is still over three weeks away, but on-track action officially gets underway on Feb. 23 at the opening pre-season test in Spain. It will be the first chance to see all 10 teams on track together and the first time the
In this article TSLA The planned shutdown of outdated 3G networks will affect the connected systems of dozens of vehicle models that hit the market anytime from 2010 to as recently as 2021, in some cases. Dusan Petkovic | iStock | Getty Images Millions of vehicles in the U.S., including Teslas, Audis, Hondas and Nissans,
WASHINGTON — U.S. President Joe Biden on Tuesday plans to tout progress by government and private industry to boost American production of minerals used to make electric vehicles, cell phones, weaponry and a range of related electronics, the White House said. Washington has grown increasingly concerned that low U.S. production of minerals essential for the
9:51 PM ET Associated Press POMONA, Calif. — Justin Ashley won the Top Fuel final in the NHRA Camping World Drag Racing Series opener Sunday, beating Austin Prock in the Lucas Oil NHRA Winternationals. Ashley had a 3.694-second run at 314.53 mph for his third career victory. “We know coming into the day the Top
In this article TSLA Maja Hitij | Getty Images News | Getty Images Tesla CEO Elon Musk, via his attorney, accused the Securities and Exchange Commission of leaking information about a federal investigation in order to retaliate against him for public criticism of the federal financial regulators. In a letter on Monday to U.S. District
Qualcomm is signing up carmakers to use its new automotive-grade Snapdragon system-on-chip, or SOC, processing units and connectivity modems. In doing so, the U.S. tech specialist is often bypassing the Tier 1 suppliers that provide the solutions that will use the chips. New customers include Volvo and Renault. Qualcomm’s Europe chief, Enrico Salvatori, spoke with
1:01 PM ET Alpine will contest the first two Formula One races of 2022 in a predominantly pink livery before switching to a different scheme for the rest of the season. This year Alpine has a new title sponsor, BWT, which previously sponsored the Force India team in 2018 and 2019. To mark that new