Max Verstappen of the Netherlands driving the (33) Red Bull Racing RB16B Honda on track during the F1 Grand Prix of France at Circuit Paul Ricard on June 20, 2021 in Le Castellet, France. Bryn Lennon | Formula 1 | Getty Images Max Verstappen has become Formula 1 world champion for the first time after
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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
11:41 AM ET ABU DHABI, United Arab Emirates — Max Verstappen’s pole position lap at the Abu Dhabi Grand Prix was “insane” and one of the best he’s had, said Red Bull boss Christian Horner. Verstappen put himself in the perfect position to win his first world championship on Sunday, out-qualifying title rival Lewis Hamilton
In this article F Ford Motor needs batteries for its electric vehicles more than semiconductor chips, CEO Jim Farley told CNBC’s Jim Cramer on Thursday. His comments come after the Detroit automaker shut down customer reservations for an upcoming electric version of the F-150 after they hit 200,000 units, which is more than double Ford’s
Join Automotive News at noon EST Wednesday, Dec. 15, for a live talk on the new, complex supply chain facing automakers as part of their electric vehicle ambitions. Tune in to our LinkedIn and Facebook pages to be part of the discussion with Executive Editor Jamie Butters and Staff Reporters Hannah Lutz, Pete Bigelow and
1:20 PM ET ABU DHABI, United Arab Emirates — Max Verstappen and Lewis Hamilton will start alongside each other on the front of the grid at the title-deciding Abu Dhabi Grand Prix. Any other front row would not have seemed right ahead of Sunday’s winner-takes-all showdown, and given the performance of the two title rivals
In this article GM General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images DETROIT – The upcoming electric Chevrolet Silverado will be “unmatched” despite several rivals entering
The U.S. luxury market, long a battleground where Mercedes-Benz, BMW and Lexus fought for every inch of terrain, is increasingly facing a challenge from Tesla, according to the latest new-vehicle registration data from Experian. Through the end of October, Tesla’s Model Y crossover and Model 3 sedan were the two most popular vehicles offered by
7:42 PM ET Associated Press INDIANAPOLIS — Dale Coyne Racing and Vasser Sullivan Racing announced Friday they will end their IndyCar Series partnership. The two teams had worked together for the past four seasons. Coyne’s team issued a statement acknowledging Vasser Sullivan wanted to focus on its sports car entries, though the Vasser Sullivan team
Angus Mordant | Bloomberg | Getty Images Millennials, a generation that some disregarded as not being interested in driving, have rapidly become the largest generation of new car buyers in the U.S. While it’s traditional for each generation to eventually overtake the previous one, Millennials – born between 1977 and 1994 – have done it
WASHINGTON — Canada is threatening to impose tariffs on U.S. exports, including auto sector goods, if Congress advances a proposal on electric vehicle tax credits that the Canadian government says poses a “significant threat” to its automotive industry. In a letter sent Friday to U.S. Senate leadership, Canadian Deputy Prime Minister Chrystia Freeland and Trade
12:00 PM ET Mercedes team boss Toto Wolff and his Red Bull rival Christian Horner put on a display of sportsmanship ahead of the Formula One title showdown at the season-ending Abu Dhabi Grand Prix, after months of trading bitter barbs. Facing the media with the constructors’ championship trophy between them, the pair shook hands
Mangrove Lithium’s pilot plant in Vancouver, Canada. Photo courtesy: Saad Dara, CEO Mangrove Lithium Bill Gates’ investment fund Breakthrough Energy Ventures recently invested $10 million in a seven-person start-up with no revenue and no customers, Mangrove Lithium. It’s a niche investment, but could have critical implications for the rapidly growing electric vehicle market, as its
DETROIT — General Motors plans to build electric vehicles at price points for all consumers, not just luxury buyers, and a government incentive could help accelerate EV adoption, CEO Mary Barra said Thursday. Many EV startups cater to a luxury, high-spending market, but GM’s portfolio will run the gamut, with a Chevrolet Equinox-size model for
9:30 AM ET ABU DHABI – Max Verstappen said his opinion of Lewis Hamilton and the Mercedes team has gone down during their championship fight in 2021. Verstappen and Hamilton have collided on track three times this season and go into the final race of the year, the Abu Dhabi Grand Prix, level on points.
In this article TSLA Tesla Model 3 Source: Tesla The National Highway Traffic Safety Administration said on Thursday that it is communicating with Tesla regarding faulty Autopilot cameras in some of the electric vehicles the company produced in Fremont, California. As CNBC reported on Monday, Tesla is replacing repeater cameras in some of its U.S.-made
New York dealer Kitty Van Bortel has sued Ford Motor Co., claiming the automaker reneged on its plan to allow her to purchase a dealership in western New York state and alleging that gender discrimination is a factor. Van Bortel and her brother, Howard Van Bortel, who is a minority partner in two of her
11:50 AM ET Associated Press INDIANAPOLIS — Two-time Indianapolis 500 winner Takuma Sato will drive for Dale Coyne Racing with Rick Ware next season in a deal announced Thursday that keeps the popular driver from Japan in the IndyCar Series at least another year. Sato has 12 years of IndyCar experience with 198 starts and
In this article FOUN DCRC Solid Power’s 22-layer, 20Ah all solid-state lithium metal cell compared to the company’s first-generation 10-layer, 2Ah cell. Solid Power Shares of electric vehicle battery cell supplier Solid Power surged as much as 14% during the company’s Nasdaq debut Thursday morning following the completion of a SPAC deal. The stock’s initial
Wholesale used-vehicle prices set new records once again in November as consumer demand remained high amid continued inventory shortages. Cox Automotive’s Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, rose 44 percent in November compared with the same month in 2020. The November index increased 3.9 percent from October, according
6:52 AM ET Mercedes have agreed to end a sponsorship deal with insulation firm Kingspan, it was announced on Wednesday, amid a backlash about the Irish company’s link to Britain’s 2017 Grenfell Tower fire. Survivors of the Grenfell Tower fire last week called for Lewis Hamilton’s team to reconsider a sponsorship deal due to Kingspan’s
In this article F Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021. Aaron J. Thornton | Getty Images DETROIT – Ford Motor is once again delaying a return-to-work hybrid plan for salaried employees until March amid concerns about rising Covid-19 cases in its home state of Michigan and uncertainty surrounding the omicron
DETROIT — Ford Motor Co. on Wednesday stopped taking reservations for the upcoming F-150 Lightning electric pickup as it prepares to open its order bank for the truck next month. Ford CEO Jim Farley told Automotive News last month that reservations for the pickup were “approaching 200,000 units.” A spokeswoman on Wednesday echoed that same
7:00 AM ET At the Abu Dhabi Grand Prix this Sunday, Lewis Hamilton and Max Verstappen will look to emerge victorious from one of the most dramatic championship contests Formula One has ever seen. It’s been incredible, it’s been unpredictable and it’s been controversial. It might sound clichéd, but if you were to make a
Yichuan Cao | NurPhoto | Getty Images Toyota Motor will build a new $1.29 billion battery plant for electrified vehicles in North Carolina, public officials and the company are set to announce Monday afternoon. The plant in central North Carolina is expected to create 1,750 jobs in the state, Toyota has said. The investment in
BrightDrop, General Motors’ electric delivery van brand, will open its first dealership Tuesday, run by Chevrolet-Buick-GMC dealer Mike Caposio in Southern California. The dealership, called BrightDrop Greater Los Angeles, is located in Fontana, Calif., near Caposio’s stores: Rotolo Chevrolet in Fontana and Caposio Buick-GMC in Victorville. Rotolo Chevy is the largest Chevrolet dealership in California
In this article STLA-IT 2022 Jeep Grand Cherokee Summit 4xe DETROIT – Automaker Stellantis plans to generate about $22.5 billion (20 billion euros) in incremental annual revenue from software services and subscriptions by 2030, the company announced Tuesday. Driving the growth will be an increase in the automaker’s so-called connected vehicles — stocked with GPS,
Sonic Automotive Inc. has completed what CEO David Smith has called the group’s largest acquisition ever with its $700 million purchase of RFJ Auto Partners Holdings Inc. The acquisition, which was revealed in September and closed on Monday, includes 22 franchised dealerships across Texas, Idaho, Washington, New Mexico, Missouri and Indiana. The deal also included
9:39 AM ET ABU DHABI — It’s almost beyond belief. After 21 races, Max Verstappen and Lewis Hamilton head to the final round of the Formula One championship level on points. It’s a remarkable situation that has only happened once before in F1’s history and it promises to provide a spectacular showdown as the two
In this article TSLA Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai. STR | AFP | Getty Images Tesla CEO Elon Musk said he’s against President Joe Biden’s spending bill, pointing to his concerns with the “insane” federal deficit. “Honestly, I would just can this whole bill,” Musk