A partnership between publicly traded conglomerate Graham Holdings Co. and Chris Ourisman of Ourisman Automotive Group has expanded to four dealerships since early 2019, and the executives behind the pairing aim to continue the growth. Last month, Graham and Chris Ourisman bought a Ford dealership in Manassas, Va., marking Graham Ourisman Automotive’s fourth dealership in
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5:01 AM ET Former Formula One champion Jacques Villeneuve will join Netherlands based outfit Team Hezeberg in a bid for a spot on the Daytona 500 starting grid, NASCAR said on Wednesday. The 50-year-old Canadian, winner of the 1995 Indianapolis 500 and the 1997 F1 drivers crown, took part in preseason testing at the famed
In this article TSLA Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters A lawyer for Tesla asked a law firm to fire one its attorneys or risk losing its work for the electric automaker led by Elon Musk,
Car sales reps and finance managers often operate in silos, with little motivation to work together to sell finance and insurance products. But at the nine Sacramento, Calif., area dealerships owned by Niello Co., a compensation plan rewards salespeople for products sold by finance managers and also motivates those managers to sell more products, said
5:55 AM ET Top Indian driver, Jehan Daruvala has teamed up with reigning champions Prema Racing for a third year in the FIA Formula 2 Championships, a make or break season for his Formula 1 dream. The 23-year-old from Mumbai will also remain a part of the Red Bull Junior Team for the third successive
In this article DOGE.CM= TSLA SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images The price of dogecoin jumped more than 15% on Friday before paring gains after Tesla began accepting the cryptocurrency as
When Rivian launched its much-delayed R1T electric pickup last fall, the reviews were breathless. “The coolest pickup ever made,” said auto enthusiast and popular YouTube presenter Doug DeMuro. “The most remarkable pickup truck we’ve ever driven,” declared MotorTrend before naming it Truck of the Year. More recently, the Amazon-backed startup has been on something of
7:20 AM ET Aston Martin have named Mike Krack as its team principal following the departure of Otmar Szafnauer, the Formula One team announced on Friday. Krack joins from BMW, where he led the German manufacturer’s global motorsport division. He has worked previously in F1 with Swiss-based Sauber. The move means he will work again
In this article F Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup. Michael Wayland | CNBC DETROIT – Ford Motor Chair Bill Ford has been slowly amassing more shares, and
A year ago, Jannell Ford in Hanover, Mass., promised to charge no more than sticker price for the highly anticipated Bronco SUV. But that was before the industry’s microchip shortage led new-vehicle inventory to dry up. For Ford’s next hot product, the F-150 Lightning electric pickup due out this spring, the dealership is charging a
7:20 AM ET Aston Martin have named Mike Krack as its team principal following the departure of Otmar Szafnauer, the Formula One team announced on Friday. Krack joins from BMW, where he led the German manufacturer’s global motorsport division. He has worked previously in F1 with Swiss-based Sauber. “It is a thrill and an honour
A Neta (Nezha) V electric car is on display at the Hozon Auto stand during an auto show in Tianjin, China, on Oct. 4, 2021. VCG | Visual China Group | Getty Images BEIJING — Tesla and BYD remained by far the market leaders in China’s electric car market in 2021, while new competitors emerged
A divided U.S. Supreme Court blocked the centerpiece of President Joe Biden’s push to get more people vaccinated amid a Covid-19 surge, rejecting an Occupational Safety and Health Administration rule that would have required 80 million workers to get shots or periodic tests. The court let a separate rule take effect requiring shots for workers
11:57 AM ET Executive director Marcin Budkowski has left the Renault-owned Alpine Formula One team, where he effectively ran day-to-day operations, with immediate effect. Alpine said in a statement on Thursday that chief executive Laurent Rossi would temporarily step in to ensure preparations for next season continued smoothly. Budkowski has been linked with rivals Aston
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images Despite President Joe Biden’s upbeat comments on what seem to be early signs of a peak in inflation, used car prices continue to rise at levels not seen at any
Honda Motor Co. expects to announce a decision soon on where it will manufacture EVs for the U.S. market, but says questions remain about how much demand there is for battery-powered cars and trucks. The Japanese automaker will debut two EVs in the U.S. in 2024 as part of a co-development deal with General Motors,
5:41 AM ET An investigation by Formula One’s governing body into last season’s Abu Dhabi finale is picking up speed amid speculation the outcome will determine whether seven-times world champion Lewis Hamilton races on or walks away. The International Automobile Federation (FIA) promised in December “a detailed analysis and clarification exercise” of a controversy it
By purchasing software firm Wind River for $4.3 billion in cash, supplier Aptiv Inc. is not only gaining technology it will need as vehicles become more software-driven. It will also be adding a staff that includes more than 1,000 technical employees at a time when software developers, engineers, data analysts and other high-skilled labor have
9:43 AM ET Turkey’s Cem Bolukbasi will race in Formula Two this season, becoming the first gamer to go from F1 Esports to the Formula One feeder series. The 23-year-old told a news conference in Istanbul on Wednesday that he had signed a deal with Czech-based Charouz Racing System and had the ultimate goal of
Pallets of depleted lithium-ion batteries at JB Straubel’s Redwood Materials are ready for recycling. Tesla co-founder JB Straubel, founder and CEO of battery recycling firm Redwood Materials, has good news and bad news for those who believe electric vehicle sales are primed to take off. Straubel says demand is picking up, but the auto industry isn’t
An employee of a Ford dealership in Jacksonville, Fla., is facing a felony charge after he was arrested last week for impersonating an officer after using a service vehicle to pull over a car, police said. The Chevrolet Camaro in for service belonged to the Green Cove Springs Police Department, which had left it at
4:17 AM ET Lewis Hamilton’s future may hinge on the outcome of the FIA’s investigation into the final laps of the Abu Dhabi Grand Prix, according to a report in the BBC. Last month Mercedes boss Toto Wolff said Hamilton was “disillusioned” with F1 after losing the title in controversial fashion, suggesting the seven-time world
California Governor Gavin Newsom holds a copy of the California State budget after ceremonially signing it during a rally in Los Angeles, Tuesday, July 13, 2021. Hans Gutknecht | MediaNews Group | Getty Images California Governor Gavin Newsom presented a $286.4 billion budget proposal, dubbed the “California Blueprint,” for the state on Monday. The plan
DETROIT — General Motors this spring will launch CarBravo, a shopping platform designed to boost used-vehicle sales through GM dealerships, the automaker said Tuesday. “CarBravo will give customers more choice and access to shop significantly expanded inventories of both the dealer and a national central stock of GM used vehicles. Importantly, the program features will
12:58 PM ET Juan Pablo Montoya will rejoin Arrow McLaren in a bid to complete an Indianapolis 500 hat-trick of wins, the IndyCar team said on Tuesday. Montoya, winner at the Brickyard in 2000 and 2015, drove for Arrow McLaren at last year’s Indy 500, finishing ninth. 1 Related “Juan Pablo is an institution in
Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New York. Ann-Sophie Fjello-Jensen | AP Shares of Rivian Automotive fell 5% in afterhours trading Monday after the company said it missed its 2021 vehicle production target and confirmed the departure of its chief operating officer. The electric vehicle
In 2016, Honda of Covington in Louisiana fired a sales representative after asking her to stop taking ADHD medication. Now, the sales representative will be paid $100,000 in back pay and damages as part of a Equal Employment Opportunity Commission lawsuit settled last week. Brandi Bourgeois was hired as a sales consultant in August 2016
4:51 AM ET Formula One is set to have a record 23 races this season. The 2022 campaign follows on from one of the most incredible title battles in F1’s history, one which ended in controversy at the Abu Dhabi Grand Prix in December. It seems like that campaign is barely over but the new
In this article UBER A range of products from Estonian ride-hailing start-up Bolt. LONDON — The competition is getting tougher for Uber in Europe. Estonia-based ride-hailing start-up Bolt said Tuesday it has raised 628 million euros ($711 million) in a new funding round led by Sequoia Capital and Fidelity. The investment, which was also backed
Rivian Automotive Inc.’s COO stepped down last month while the EV maker was in the midst of its inaugural production rampup. Rod Copes left the company after he had held the title since March 2020, according to his LinkedIn profile. The company said in a statement that Copes “began a phased retirement from Rivian several