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A rendering of Boom Supersonic’s Overture jet. Boom Supersonic Boom Supersonic, which is developing ultra-fast airplanes it believes will lead the return of commercial supersonic flights, has picked Greensboro, N.C. to build and test those planes. The plant, which is expected to employ 1,250 by the end of the decade, is the latest example of

Automotive mirror supplier Gentex Corp. said shortages in electronic components put a significant drag on its fourth-quarter financial performance compared with a year earlier. The producer of dimming rearview mirrors and camera-based driver-assistance systems said Friday that fourth-quarter net income plunged 41 percent to $84.2 million. Revenue fell 21 percent to $419.8 million. Gentex avoided

In this article TSLA Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share

Lamborghini Philadelphia is putting the “I” into in its “F&I” to make sure customers get what they want. About a year ago the Devon, Pa., dealership began offering auto and homeowners insurance policies to its white-shoe clientele. The move is generating additional revenue for the dealership and fostering goodwill from customers. When selling a new

5:39 AM ET Niamh Lewis When Formula E returned to the streets of London in 2021 for the first time since 2015, it did so against a poignant backdrop. “Race against climate change” is the message on one of the team’s cars and the all-electric series set out as a high performance driver for manufacturers

In this article .FKRX300 TSLA GM Electric vehicles provide a path to better air quality, reduced fuel costs and comprise a growing new category for automakers. But with the transition to electric transportation comes a new challenge: Vehicles with lithium ion batteries can be especially dangerous when they catch fire. The good news is battery

WASHINGTON — As automakers electrify more of their portfolios to meet the EPA’s new and increasingly stringent rules on vehicle emissions, the industry will be looking for additional support to grow the EV market in the U.S. But the uncertain future of the Build Back Better Act — a roughly $2 trillion reconciliation package that

3:17 PM ET Associated Press DAYTONA BEACH, Fla. — Colton Herta will represent the United States in next weekend’s international Race of Champions as the replacement for injured driver Travis Pastrana. Pastrana said this week he broke his back and hip in a BASE jumping accident. Herta will take his place alongside seven-time NASCAR champion

In this article TSLA Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Tesla shares dropped around 8% on Thursday during early trading, after the company said it would

How much information should self-driving technology companies be required to divulge about the safe operation of their vehicles? That question lies at the heart of a lawsuit Waymo filed last week against the California Department of Motor Vehicles. Waymo, the commercial descendant of Google’s self-driving car project, said in court filings that the DMV may

10:19 AM ET Michael Masi, the Formula One race director at the centre of the controversy surrounding last year’s Abu Dhabi Grand Prix, could be replaced in his role in 2022, according to an FIA official investigating the matter. Last year’s championship result continues to be a source of controversy in the sport and has

The highly transmissible omicron Covid-19 variant has some travelers thinking twice about air travel again. While travel bookings are surging this year, some people are sticking with one of the biggest trends to have emerged from the pandemic: the road trip. “With driving you can significantly lower your risk of exposure when interacting with large

TOKYO – The world’s biggest automaker got bigger in 2021 and by a bigger margin. Japanese juggernaut Toyota Motor Corp. clinched the world sales title again last year and expanded its lead over No. 2 Volkswagen Group by deftly dodging the global semiconductor shortage. Toyota rocked the sales charts by chalking a 10.1 percent increase

1:49 PM ET Associated Press Ernie Francis Jr., who earned national recognition when he won a race in Tony Stewart’s all-star series over the summer, has been hired to drive in Indy Lights this season as part of IndyCar’s Race for Equality & Change initiative. Francis is a Florida native of Haitian descent who has

In this article GM “It’s just surreal,” General Motors CEO Mary Barra says while testing one of the company’s driverless cars in San Francisco, calling it a highlight of her career. Barra took the ride last week in a retrofitted Chevrolet Bolt EV with Kyle Vogt, founder and interim CEO of Cruise, the automaker’s majority-owned

CARMEL, Calif. — Like its platform mate, the redesigned 2022 Tundra pickup, the Toyota Sequoia large SUV was showing its age in unflattering ways, a victim of the Japanese brand’s extremely long product cycle for its body-on-frame light trucks. Its last full redesign had occurred in 2008, in the midst of the Great Recession and

10:24 AM ET Some minor adjustments will be made to the Saudi Arabian Grand Prix’s Jeddah street circuit to improve driver visibility around corners, organisers said on Thursday. “Firstly, there are going to be one or two slight changes to the track,” Saudi Motorsport Company Chief Executive Martin Whitaker said in a statement. “These tweaks

In this article TSLA A Nissan Leaf on the forecourt of a dealership in Lincoln, U.K. Chris Ratcliffe | Bloomberg | Getty Images Car production in the U.K. slumped by 6.7% to just 859,575 units in 2021, new figures published by the Society of Motor Manufacturers and Traders show. In a statement Thursday, the SMMT

Tesla will not be launching output of the Cybertruck EV pickup this year as it focuses on increasing capacity at current plants in California and China and begins production at new factories in Texas and Germany, CEO Elon Musk said Wednesday. “We will not be introducing new vehicle models this year,” Musk said on the

In this article TSLA Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year, and isn’t currently developing

PARIS — French auto supplier Valeo said on Wednesday it had appointed deputy CEO Christophe Périllat as its new chief executive, confirming previously announced plans, as the company posted preliminary 2021 results including disappointing cashflow numbers. Valeo said outgoing CEO Jacques Aschenbroich, who became CEO in 2009, will continue to act as chairman of the

3:56 AM ET Formula One is brimming with exciting young talent on the verge of making themselves top tier talents. F1’s youth revolution was underlined by Max Verstappen winning the title last year but it’s been hard to ignore the rise of several other young stars. Whether it was Ferrari’s Charles Leclerc in 2019 or

In this article BIDU 175-HK An outline of Jidu’s concept car is pictured here. Jidu is the electric car company set up by Chinese internet giant Baidu and automaker Geely. Jidu plans to begin mass production and deliveries of its first car in 2023. Baidu BEIJING — Chinese tech company Baidu and auto manufacturer Geely

Toyota’s largest SUV, the Sequoia, will grow larger and far more refined with greatly improved fuel economy and increased driver-assistance and technology features as part of a sweeping redesign onto the automaker’s new F1 global light-truck platform. The makeover, its first in more than a decade, should allow the Sequoia to better compete against large

Mary Barra, chief executive officer of General Motors Co., presents the new Silverado elective vehicle during a live-streamed event at the CES 2022 trade show in Las Vegas, Nevada, U.S., on Wednesday, Jan. 5, 2022. Bridgett Bennett | Bloomberg | Getty Images DETROIT – General Motors will invest roughly $6.6 billion in its home state

WASHINGTON — The U.S. Commerce Department said Tuesday a survey of semiconductor chips producers and users shows a shortage will persist, sparked primarily by wafer production capacity. The department said it will “engage industry on node-specific problem solving in the coming weeks. We will also look into claims about unusually high prices in these nodes.”

Ally Financial, one of the nation’s largest auto lenders, said it anticipates at least a 15 percent reduction in used-vehicle prices by the end of 2023. Prices have been increasing, and the path to Ally’s estimated cumulative decline of 15 to 20 percent in the next two years might not follow a straight line, CFO

In this article NKLA GOEV NIO FFIE RIVN Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Shares of Rivian Automotive and other electric vehicle start-ups tumbled during intraday trading Monday to 52-week or record lows

Former Reynolds and Reynolds Co. CEO Bob Brockman, who is charged with the largest criminal tax evasion case by an individual in the U.S., asked a judge to lift an IRS demand that he pay $1.4 billion in taxes and penalties. The IRS has improperly imposed a so-called jeopardy assessment, which is normally used when

In this article F 2022 Ford Bronco Raptor Ford DETROIT – Ford Motor is expanding its Bronco SUV lineup to include a new Raptor model that will go on sale later this year starting at about $70,000. The 2022 Ford Bronco Raptor adds to an already wide lineup of the popular SUVs as the automaker