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A federal jury in November convicted two Oklahoma dealership owners and their comptroller of using fraud to fool finance companies into issuing auto loans to consumers who might have been denied otherwise. Bobby Mayes, Charles Gooch and Courtney Wells, all of Norman, Okla., were found guilty Nov. 19 of charges including conspiracy to commit wire

6:41 AM ET There is a slim chance that Max Verstappen can clinch his first world championship crown at the Saudi Arabia Grand Prix. Verstappen leads Mercedes driver and seven-time world champion Lewis Hamilton by eight points ahead of the penultimate race. It’s a small margin, but mathematically a champion could be crowned on Sunday

In this article ACHR AAPL Attendees watch as the Archer Aviation Maker is unveiled on June 10, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images Michael Schwekutsch, a director of engineering in the Apple Special Projects Group that’s reportedly working on self-driving cars, has left to join electric air taxi start-up

DETROIT — With more than half the votes counted, a proposal to give UAW members a direct role in choosing their leadership is passing by a sizable margin. More than 60 percent of the ballots counted as of late Tuesday were cast in favor of adopting the “one member, one vote” election system, according to

8:11 AM ET Lando Norris is at the tail-end of a break out season. Were it not for an ill-judged tyre call at the end of October’s Russian Grand Prix, he’d be F1’s newest race winner. Despite that missed opportunity, it’s hard to deny the year Norris has had. Three podium finishes early in the

In this article VOW3-DE TSLA Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to become the EV market leader in Europe, where the company reported that it had 26% market share in the first half of 2021. While Tesla‘s Model 3 has been selling well in the region, Volkswagen’s local

The future of Stellantis’ Brampton Assembly Plant will remain in limbo until U.S. lawmakers firm up or drop a Biden administration-backed bill aimed at boosting electric vehicles adoption south of the border, according to the union that represents workers at the plant outside Toronto. Unifor Local 1285 President Danny Price told members last week the

President Joe Biden speaks during a visit to the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, Nov. 17, 2021, in Detroit. Evan Vucci | AP Automotive executives think more than half of their sales will be electric vehicles by 2030, in line with President Joe Biden’s EV sales goal, according to a new

Wells Fargo & Co. has hired Hunter Patton as a managing director in North American corporate and investment banking, focused on industrials. Patton will focus on automotive, automotive technology, capital equipment, and other select capital goods and service areas, according to a memo reviewed by Bloomberg News. Patton joins Wells Fargo from Ford Motor Co.,

5:16 AM ET The all-electric Formula E series provided a first glimpse on Monday of what it said would be the world’s most efficient racing car. The third generation (Gen3) car, to be raced from season nine in 2023, was presented to the manufacturers, teams, drivers and sponsors at an event in Valencia. Teams are

US Commerce Secretary Gina Raimondo discusses the impact of the semiconductor chip shortage at UAW Region 1A office in Taylor, Michigan on November 29, 2021. Jeff Kowalsky | AFP | Getty Images DETROIT – Commerce Secretary Gina Raimondo on Monday urged the U.S. House to immediately pass legislation that supports American production of semiconductor chips

LOS ANGELES — BMW is expanding its utility vehicle lineup with the first standalone vehicle from its M performance brand since the BMW M1 launched five decades ago. The BMW Concept XM, revealed at a press event here this month, is a preview of the most powerful M vehicle in its lineup, the automaker said.

4:31 AM ET Former Formula One supremo Bernie Ecclestone paid tribute to the late Frank Williams as a pioneer who helped to build the modern sport and without whom it might have ceased to exist. Williams, who had been quadriplegic since a 1986 car accident in France, died on Sunday aged 79, his family said

In this article BMW3-FF BMW Concept XM BMW BMW on Monday evening unveiled a new high-performance concept vehicle that previews an electrified crossover expected to begin production late next year in South Carolina. The new production car, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company’s “M”

In an automotive retail landscape in the midst of a fast-paced era of consolidation, one group and one executive are operating at a different level: Lithia Motors Inc. and its CEO, Bryan DeBoer. The longtime head of what is now the nation’s second-largest dealership group has been the guiding force in the transformation of Lithia

Between the Los Angeles Auto Show and the Guangzhou auto show in China, this month has seen dozens of vehicle debuts — but many came from companies the U.S. industry barely knows. Not yet, anyway. Unfamiliar brands are emerging for a shot at global automaking, hoping that consumers have a new willingness to look at

Automakers held back on further production schedule cuts last week in their ongoing adjustment to global microchip shortages. AutoForecast Solutions said that as of midweek last week, the Thanksgiving break left schedules unchanged from a week earlier. “It’s very hard to be optimistic about any of this,” said Sam Fiorani, vice president for global vehicle

Editor’s note: An earlier version of this story misstated the name of the electric pickup concept Nissan has developed. TOKYO – Nissan Motor Co. will invest 2 trillion yen ($17.65 billion) in the next five years to amp up an electrified vehicle push with 23 new entries worldwide by the end of the decade, the

The recent partnership between German supplier ZF Friedrichshafen and Microsoft underscores how the relationship among tech companies, suppliers and automakers is changing in the era of advanced-technology vehicles. Most major suppliers no longer see themselves as simply providers of the hardware and physical components automakers put in their vehicles. Many now see an opportunity to

It’s been a good year financially for retailers and automakers, despite the pandemic and microchip shortage. The same can’t be said for many parts suppliers, however. Average dealership profits have soared this year and have broken annual records. Automakers such as General Motors and Ford Motor Co. brought in billions of dollars in third-quarter profit,

With the holiday season underway, it’s time for another late-year tradition: the unveiling of the Automotive News All-Stars. In 2021, the U.S. automotive landscape was reshaped by dealership consolidation. There was a flurry of buy-sell activity as many retailers cashed in on high dealership values. Leading the acquisition boom was Bryan DeBoer. Usually, our top

HOUSTON — A hearing to determine whether former Reynolds and Reynolds Co. CEO Bob Brockman is competent to stand trial on tax evasion charges continued last week in a Houston courtroom. Lawyers for Brockman, 80, say he has dementia that is both progressive and incurable and has left him unable to assist in his defense

5:05 AM ET U.S. Open champion Emma Raducanu has thanked Lewis Hamilton for his advice and support since her thrilling maiden Grand Slam win in September, describing the seven-times Formula One world champion as her role model. Speaking after her straight-sets win over Elena-Gabriela Ruse at an exhibition event in London on Sunday, Raducanu said

9:42 AM ET Frank Williams, the founder of one of Formula One’s most successful and popular teams, has died at the age of 79. Williams founded the Williams F1 team in 1977 and quickly turned the privateer outfit into one of the sport’s best, competing and winning against some of the biggest manufacturers in motor

United Auto Workers members leave the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift, Monday, May 18, 2020, in Warren, Mich. Paul Sancya | AP DETROIT – The Detroit automakers are asking their roughly 153,000 plant employees represented by the United Auto Workers to voluntarily submit their Covid-19 vaccination status. The companies

Tesla’s Model Y compact crossover vehicles at a showroom in Shanghai, China, on January 18, 2021. VCG | Visual China Group | Getty Images Amid ongoing port constraints and rising shipping costs, Tesla CEO Elon Musk urged employees Friday, in a company-wide email obtained by CNBC, to look for ways to reduce the cost of

U.S. President Joe Biden gestures after driving a Hummer EV during a tour at the General Motors ‘Factory ZERO’ electric vehicle assembly plant in Detroit, Michigan, November 17, 2021. Jonathan Ernst | Reuters DETROIT – President Joe Biden’s visit last week to a General Motors plant that’s producing the GMC Hummer electric pickup caused a

10:41 AM ET Associated Press CHESTE, Spain — Honored by fans, opponents, other athletes and celebrities, Valentino Rossi put an end to his acclaimed career of more than two decades with a 10th-place finish at the final MotoGP race of the season in Spain on Sunday. Race-winner Francesco Bagnaia and the other riders followed Rossi

David Paul Morris | Bloomberg | Getty Images When it comes to shopping for a new car, this isn’t your typical Black Friday. Deals and discounts that were once plentiful this time of year are harder to come by. An ongoing global shortage of microchips — key components needed for today’s autos to operate —

5:04 AM ET Formula One has renewed its contract with Circuit de Barcelona-Catalunya for the Spanish Grand Prix until 2026, it announced on Friday. F1 said in a statement that as part of the new agreement, improvements to the track and facilities will be made ahead of next season’s race on May 22, 2022. 1