10:20 AM ET Sebastian Vettel has defended FIA race director Michael Masi and said the Australian deserves to keep his job despite botching the finish of last year’s title-deciding Abu Dhabi Grand Prix. Masi implemented the rules incorrectly to force a one-lap sprint race in Abu Dhabi, which helped Max Verstappen overtake Lewis Hamilton to
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In this article 9868-HK A Xpeng P7 car is on display at a Xpeng experience store on December 10, 2021 in Shanghai, China. Wang Gang | Visual China Group | Getty Images Chinese electric vehicle maker Xpeng plans to open its first self-operated store outside of China this week and deepen its retail network with
Polestar, the Swedish premium EVvehicle startup backed by Volvo, will join the crowd of automakers pitching EVs during the Super Bowl. The brand, founded in 2017, will run a 30-second spot with a serious message that aims to counter the celebrity-filled, lighthearted Super Bowl spots put out by a spate of brands, including automakers. A
2:48 PM ET Associated Press The Red Bull Formula One team has secured a new title sponsorship worth around $500 million with technology firm Oracle, placing it among the most lucrative commercial deals in sports. The five-year deal is a lift to the team ahead of the season beginning next month when Max Verstappen will
In this article TSLA Transportation Secretary Pete Buttigieg on Wednesday recognized Tesla as a pioneer of electric vehicle manufacturing in the U.S. “We admire the range of American companies that have innovated, including Tesla, which did so much to make EVs possible in America,” Buttigieg said in an interview on CNBC’s “Squawk Box.” “Now it’s
Tesla‘s big sales surge in recent months made the EV maker look like a sure bet to overtake BMW to become the luxury segment leader for 2021. But according to newly released U.S. vehicle registration data from Experian, BMW managed to hang on to its crown for the year. Tesla came in at No. 2,
11:02 AM ET Red Bull has launched the car that Max Verstappen will use in his title defence this year. Images of the car and its new livery leaked on social media shortly before the official launch video was aired across various online platforms, including Red Bull Racing’s YouTube account. The Red Bull RB18 in
In this article BMW-DE Arnold Schwarzenegger and Salma Hayek Pinault star as the Greek gods Zeus and Hera for BMW’s new Super Bowl ad for the iX electric SUV. BMW Arnold Schwarzenegger and Salma Hayek Pinault star as Greek gods in a 60-second Super Bowl ad for BMW’s new iX electric vehicle. The ad features
TOKYO — Lower incentives on American vehicles are helping Honda Motor Co. weather the global semiconductor shortage and COVID-19 pandemic, but the company says there may be some adjustments in store as inventories and supply return to more normal levels this year. In announcing quarterly financial results on Wednesday, the automaker cited the dialed-down spiff
10:00 AM ET Joe DeMartinoESPN Editor Close General Editor Joined ESPN in 2006 Massachusetts native, Northwestern graduate Formula One, Lego and McLaren F1 driver Lando Norris are teaming up for an extremely cool Lego set. If you’re anything like me (sorry if you are), you spent a significant portion of your childhood putting together Lego
In this article DCFC TSLA US President Joe Biden, speaks about rebuilding manufacturing on February 8, 2022, from the South Court Auditorium in Eisenhower Executive Office Building, in Washington, DC. Brendan Smialowski | AFP | Getty Images President Joe Biden publicly acknowledged Tesla for the first time in his presidency on Tuesday, noting the company’s
U.S. President Joe Biden publicly acknowledged Tesla’s role in U.S. electric vehicle manufacturing on Tuesday, after CEO Elon Musk repeatedly complained about being ignored. “From iconic companies like GM and Ford building out new electric vehicle production to Tesla, our nation’s largest electric vehicle manufacturer, to innovative younger companies,” Biden said, adding other start-ups and
10:00 AM ET A new racing team owned by former Olympic gold medal winner and transgender activist Caitlyn Jenner will compete in the 2022 W Series, the all-female motor racing championship said on Tuesday. American Jenner, a former professional racing driver, will be the team principal overseeing the day-to-day running of the Jenner Racing team.
In this article RIDE GM FOUN FFIE LATGU Electric Last Mile Solutions CEO James Taylor wanted to separate his electric vehicle company by staying out of controversies that had engulfed many of his competitors. “We have no lawsuits; no management issues, that we’re aware of; we’re delivering; we’re keeping our nose clean,” the former General
TOKYO — Hyundai Motor Co. is a global success from Bangalore to Baltimore, but there is one market right next door where the company’s badge has long been missing: Japan. The South Korean automaker pulled out of the market in 2009, after a dismal run in Japan. But now, Hyundai will take a second crack
In this article TSLA Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images
Wholesale used-vehicle prices in January were largely unchanged from December though far higher than year-earlier numbers in another signal that the surge in U.S. used-vehicle prices has begun to level out. Cox Automotive said Monday that its Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, rose just 0.04 percent in
Ferrari logo Dean Mouhtaropoulos Ferrari has a lot riding on its much anticipated and hotly debated SUV, called the Purosangue, to be unveiled later this year. Ferrari CEO Benedetto Vigna said the new SUV is “astonishing to drive.” “I’ve driven it several times in the hills of Maranello,” Vigna told analysts and reporters on an
TOKYO — Subaru profits plunged by two-thirds in the latest quarter as crimped production and falling sales hammered results, driving backorders higher and forcing the automaker to cut its earnings outlook with no clear signs of relief from the ongoing semiconductor crisis. Subaru Corp.’s operating profit dropped 66 percent to 22.7 billion yen ($197.2 million)
In this article VRM Vroom Online used-car retailer Vroom will advertise during the Super Bowl for a second consecutive year, with the help of pop singer and dance choreographer Mandy Moore. The 30-second spot called “Flake” continues Vroom’s theme from last year about “flipping” car buying and selling on its head — but in an
DETROIT — Michigan “desperately” needs more software developers to compete in a fast-changing auto industry racing to develop self-driving vehicles and new mobility innovations, Ford Motor Co. Executive Chairman Bill Ford Jr. said. “We need to lean into the software development as a state if we’re going to be the leader,” Ford said in an
Jim Watson | AFP | Getty Images Used-car prices may be starting to soften, research suggests. After surging through the pandemic by as much as 50%, prices in the used-car market showed some easing in the last three weeks of January, according to car-shopping app CoPilot, which tracks daily prices at dealerships across the country.
Toyota Motor North America is working to help its retailers become more competitive with aftermarket parts suppliers on collision repairs. In December, Toyota became the latest automaker to join CollisionLink, a tool offered by Richfield, Ohio-based vendor OEConnection. The tool gives participating dealerships electronic visibility into an entire body shop estimate — not just the
1:22 PM ET Associated Press The father-son tandem of Petter and Oliver Solberg beat the surprisingly competitive American team of Colton Herta and Jimmie Johnson on the the frozen Baltic Sea to win the Race of Champions Nations Cup. Team Norway was led Saturday by 47-year-old Petter Solberg, the 2003 World Rally champion and two-time
Nissan is returning to Super Bowl advertising after a seven-year hiatus with an star-studded commercial led by “Schitt’s Creek” actor and co-creator Eugene Levy. Nissan Nissan Motor is returning to Super Bowl advertising after a seven-year hiatus with a star-studded commercial led by “Schitt’s Creek” co-creator and actor Eugene Levy. The 60-second spot features the
SAN FRANCISCO — Ford Motor Co. plans to suspend or cut production at eight assembly plants in the U.S., Mexico and Canada throughout next week because of microchip supply constraints, a spokeswoman said. The plants produce some of Ford’s biggest sellers and most popular vehicles, including the Ford-150, Ranger, Bronco, Explorer and Mustang Mach-E. The changes
5:57 AM ET Haas has become the first Formula One team to release images of its 2022 car ahead of the upcoming season. Built to the sport’s new technical regulations, the Haas VF22 is a dramatic departure from last year’s car with all new design concepts mandated by F1 and the FIA to improve wheel-to-wheel
In this article NVTS A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Navitas Semiconductor, a company that makes technology for super-fast phone chargers, says electric vehicles are its next big bet. “The same
DETROIT — With the financial pain of the global microchip shortage largely behind them, General Motors and Ford Motor Co. are racing to become leaders in electric vehicles even faster than planned with the help of growing profits from their internal combustion vehicles. Last year’s results — record adjusted earnings for GM and nearly $18
7:31 AM ET “The Colosseum. Oh, you should see the Colosseum, Spaniard. Fifty-thousand Romans. Watching every movement of your sword. Willing you to make that killer blow. The silence before you strike. And the noise afterwards. It rises. It rises up like … like a storm. As if you were the thunder god himself.” —