7:48 AM ET Mohammed Ben Sulayem of the United Arab Emirates has been elected successor to Jean Todt as the first non-European president of motorsport’s world governing body, the International Automobile Federation (FIA) said on Friday. The 60-year-old Dubai-born former rally driver was standing against British lawyer Graham Stoker, who has been Todt’s deputy president
News
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors is beginning to ship its GMC
Rivian Automotive Inc. said it expects to fall short of its annual production target as the EV maker gave investors the first look at its operations as a public company. The EV startup will be “a few hundred vehicles short” of its goal to produce 1,200 units by the end of the year, according to
9:55 AM ET Associated Press Jimmie Johnson will enter the Indianapolis 500 next year and run a full IndyCar schedule. The seven-time NASCAR champion had been speeding toward the Indy 500 decision he finally announced Wednesday since he moved to IndyCar earlier this year. Johnson ran only the road and street courses in his first
In this article RIVN RJ Scaringe and team on opening day at Rivian’s manufacturing campus in Normal, IL. Source: Rivian Rivian Automotive confirmed plans Thursday to build a new vehicle assembly plant in Georgia, as the company begins production of a second electric vehicle at its current facility in Illinois. Both are notable milestones for
Amazon-backed electric vehicle startup Rivian Automotive Inc. on Thursday said it will build a $5 billion plant in Georgia, its second U.S. assembly plant, as it looks to expand production. The new plant will employ more than 7,500 people, is scheduled to open in 2024 and will eventually build 400,000 vehicles a year, largely confirming
8:24 AM ET Mercedes team boss Toto Wolff says he has no desire to talk to the FIA’s race director Michael Masi, saying his values and sense of integrity are not “compatible” with the decisions taken by Masi at the title deciding Abu Dhabi Grand Prix. Masi’s role in Max Verstappen’s championship victory over Mercedes
In this article RIVN A Rivian electric truck is displayed near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Wall Street analysts have set a high bar for EV start-up Rivian Automotive following its blockbuster IPO last month, comparing CEO RJ Scaringe
Don Hudler, who was instrumental in starting Saturn Corp. and marketed the General Motors division as “a different kind of car company,” then became a top Saturn dealer as a postscript to his 42-year GM career, died Thursday at his home in Charlotte, N.C. He was 87. Hudler was involved in Saturn from the run-up
3:06 PM ET The FIA has agreed to conduct a detailed analysis of the events that led up to Max Verstappen being crowned world champion at the Abu Dhabi Grand Prix amid concerns the sport is being tarnished by “misunderstandings” and “arguments”. The ending of a safety car period one lap from the end of
DETROIT — General Motors plans an electric GMC Sierra Denali that will be introduced next year, GMC said Wednesday in a statement previewing the pickup’s grille and lighting sequence. The electric Sierra will only be available in the high-end Denali subbrand at launch. It will be powered by GM’s proprietary Ultium battery and built at
12:55 PM ET New Formula One world champion Max Verstappen said Mercedes are not as gracious in defeat as his Red Bull team. Verstappen claimed the title in dramatic fashion at the Abu Dhabi Grand Prix, passing Lewis Hamilton on the final lap to win. 2 Related The circumstances around the finish are controversial and
In this article TSLA Signage is displayed on the Tesla Inc. assembly plant in Fremont, California, on Tuesday, Sept. 22, 2020. David Paul Morris | Bloomberg | Getty Images Local police and fire departments said that a suspicious death occurred at the Tesla factory parking lot in Fremont, California, on Monday afternoon. CNBC reached out
Growing Ed Morse Automotive Group, in two December acquisitions, has entered a new state and bolstered its presence in another. The Delray Beach, Fla., group on Dec. 6 bought Sellers-Sexton Ford-Lincoln-Mazda in Saint Robert, Mo., from Larry Sexton. He was represented by CliftonLarsonAllen in the transaction. Ed Morse Automotive CEO Teddy Morse told Automotive News
2:52 PM ET Associated Press James Hinchcliffe, one of IndyCar’s most popular drivers, said Tuesday that he is stepping away from full-time racing in the series. The Canadian driver said he is not retiring and will explore other types of racing. Andretti Autosport did not renew his contract for next year. “With a decade-plus of
In this article TSLA An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images Police arrested a suspect in the homicide that took place at the Tesla factory parking lot in Fremont, California yesterday afternoon, according to a statement out late Tuesday. They also said the victim
LANSING — Michigan lawmakers are planning to help the Detroit auto show get back in business after what could be a 44-month hiatus for the event. A $795 million spending bill headed to passage in the Legislature on Tuesday contained a $9 million one-time grant for Detroit’s auto show. The Detroit Auto Dealers Association canceled
2:13 PM ET Associated Press ABU DHABI, United Arab Emirates — NASCAR champion Kyle Larson‘s first Formula One race was the season finale, and he is as conflicted as anyone over the controversial ending of the Abu Dhabi Grand Prix. Max Verstappen passed Lewis Hamilton on the final lap Sunday to win the title, but
In this article 7203.T-JP The Toyota Motor Corp. logo in the Toyota City Showcase exhibit at the company’s Mega Web car theme park in Tokyo, Japan, on Monday, Nov. 1, 2021. Kiyoshi Ota | Bloomberg | Getty Images Toyota, one of the world’s largest automakers, is planning to invest 4 trillion yen ($35 billion) to
TOKYO — Toyota said it would invest 4 trillion yen ($35 billion) to build a lineup of 30 battery electric vehicles by 2030 as the automaker looks to tap the growing market of zero emission vehicles. The investment will be part of an overall investment of 8 trillion yen in electrified vehicles, including hybrids and
10:13 PM ET EDITOR’S NOTE: This story originally published on Dec. 24, 2020. Since then, Bubba Wallace earned his first career Cup win — making him the first Black driver to win a Cup Series race since 1963. That win came on Oct. 4, 2021, at Talladega, the same track that what was believed to
In this article TSLA Maja Hitij | Getty Images News | Getty Images SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around $906.49 million, according to a pair of financial filings with the Securities and Exchange Commission published late Monday. He also exercised options to
Prime Minister Justin Trudeau says Canada has put forward “a number of solutions” for resolving its complaint over a proposed U.S. tax incentive on electric vehicles made only by unionized American workers. Canada has slammed the tax credit as a violation of the North American trade pact between the Canada, U.S. and Mexico, saying it
1:17 PM ET Formula One world champion Max Verstappen took stock of his new status on Monday and revealed that Mercedes team boss Toto Wolff, despite threatening to appeal, had texted his congratulations. The 24-year-old handed Red Bull their first title since 2013 in Abu Dhabi on Sunday when he overtook Mercedes’ seven times world
In this article RIVN MotorTrend announced Monday that the all-electric Rivian R1T has been named the its 2022 truck of the year. MotorTrend MotorTrend on Monday named the all-electric Rivian R1T the publication’s 2022 truck of the year, beating out other pickups from Ford Motor, General Motors and Hyundai Motor. The prestigious title and accompanying
Kia America is celebrating the holidays early after beating its U.S. sales record well before New Year’s Day. And despite the pandemic and parts shortages, 2022 is looking bright as the automaker introduces a stylish electric crossover. It took Kia just 11 months this year to beat its full-year sales record from 2016, when it
3:01 PM ET Bethan Clargo In a season full of drama and controversy, it almost feels fitting the championship title was decided on the final lap of the Abu Dhabi Grand Prix. Max Verstappen and Lewis Hamilton entered the race level on points — a feat that has only happened once before in the sport’s
Commuting doesn’t have to be a bad thing. Ohio ranked as the best state for drivers in 2021, according to a study by Bankrate. The best states for drivers include those with safe and quicker commutes, lower gas prices and cheaper insurance premiums, said Sarah Foster, an analyst for Bankrate. The rankings were based on
TOKYO — Former Nissan Chairman Carlos Ghosn, the onetime electric vehicle pioneer who dove into the technology with overly optimistic expectations a decade ago, says now is finally the time to go all-in on EVs, as he blasts his former company as vision-less in this new era. Ghosn said newcomers to the industry, including Tesla
1:41 PM ET It quickly became clear at the start of the year that Mercedes would not have an easy ride to the title in 2021. After seven years of facing no serious competition for either the drivers’ or the constructors’ title, the reigning world champions were suddenly on the back foot. Red Bull emerged