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In this article RIVN GM GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors The massive valuations of electric vehicle start-ups such as Rivian, which is making its public debut Wednesday on the Nasdaq at a higher stock

8:48 AM ET Formula One’s governing body has said it is confident Saudi Arabia will be ready for its grand prix debut next month after media reports highlighted the amount of track work still to be completed. The floodlit night race along the Red Sea shore in Jeddah is scheduled for Dec. 5 as the

In this article RIVN R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share,

10:47 AM ET A young Black driver on Brazil’s motor racing circuits has won the moniker “Hamilton of the favelas” and the popular prospect says he is inspired by seven-time world champion Lewis Hamilton to travel the same path on and off the track. Wallace Martins, who currently drives in the Formula Delta category, got

In this article TSLA Tesla stock was down by as much as 11% in mid-day trading on Tuesday, extending losses for a second day, after CEO Elon Musk over the weekend proposed selling 10% of his shares in the electric vehicle business. The drop is on pace to be the largest of the year for

3:42 AM ET Lewis Hamilton has clarified comments he made about Mercedes teammate Valtteri Bottas and Red Bull’s Sergio Perez in the aftermath of the Mexican Grand Prix. Hamilton finished second behind title rival and championship leader Max Verstappen in Mexico City. After the race, Hamilton joined Mercedes boss Toto Wolff in criticising Bottas’ lack

In this article F CNBC’s Jim Cramer said Monday that even though electric-vehicle startup Rivian Automotive has some strong backers as it prepares to hit the public markets, he is skeptical it will be the next Tesla and would rather own shares of Ford Motor. “Even if everything goes right for Rivian, this industry is

7:44 AM ET Lewis Hamilton has blamed Mercedes teammate Valtteri Bottas for leaving the “door open” to title rival Max Verstappen at the first corner of the Mexican Grand Prix on Sunday. After Mercedes locked out the front of the grid for the first time this season, Verstappen passed both Hamilton and pole-sitter Bottas as

Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayland / CNBC DETROIT – Ford Motor’s stock topped $20 a share Monday for the first time since September 2001, as investors increasingly believe in CEO

11:58 PM ET It is notoriously difficult to see a truly great race car driver ever show us a lot of real, raw emotion. Not anger. We’ve all seen that plenty. Not celebratory joy. That’s what we see most, when the driver who has just pulled into Victory Lane finally shows us their face after

In this article TSLA VOW3-DE BMW-DE The BMW i4 seen during a BMW press event in Garching, Bavaria, on September 29, 2021. Matthias Balk | picture alliance | Getty Images The BMW Group’s sales of fully electric vehicles grew by 121.4% in the first nine months of 2021, hitting 59,688 units, with the German carmaker

9:21 AM ET Formula One leader Max Verstappen said he was not worrying about COVID-19 affecting the championship outcome but rival Lewis Hamilton remained wary as countries ease restrictions. Hamilton tested positive for the coronavirus last December and had to miss the Sakhir Grand Prix in Bahrain, which came after the Mercedes driver had sealed

In this article HTZZ The desk of car rental company Hertz is seen at Nice International airport during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. Eric Gaillard | Reuters Hertz Global Holdings said Wednesday that certain stockholders of the rental car firm will launch a public offering of 37.1 million common

MEXICO CITY — Throw away the Formula One formbook, it’s not worth anything this year. Just as it looked as though Max Verstappen was clearing a path towards his first world title, Lewis Hamilton and Mercedes hit back in qualifying for the Mexican Grand Prix. You would have struggled to find anyone in the F1

Trucking is an $800 billion dollar industry that has proven too tough for one company to dominate. Low barriers to entry make it easy for aspirants to start companies, and competition is fierce. There are thousands of trucking companies in the United States, and the fragmentation of the market produces huge boom-and-bust cycles. Some companies

1:34 PM ET Formula One announced on Saturday that the Chinese Grand Prix in Shanghai, which will be absent from the calendar for the third year in a row in 2022 due to the COVID-19 pandemic, had extended its contract until 2025. The race was first held in 2004 and China is seen as an

In this article F Rebecca and Shane Phillips, of California, pose in front of their car collection, including their new 2022 Ford Maverick. Shane Phillips Rebecca and Shane Phillips are accustomed to getting looks when driving around California in their 1985 Mercury Colony Park or 1978 Lincoln Continental with longhorns on the front. But the

7:25 PM ET Red Bull boss Christian Horner emphasised on Friday that team orders were a part of Formula One and refused to rule out telling Mexican Sergio Perez to give up a home victory this weekend. No Mexican driver has ever won a home grand prix but Perez has a winning car and has

In this article GM NCLH Cruise Origin driverless shuttle Cruise General Motors-backed Cruise is seeking final approval from California to begin commercializing its robotaxi fleet in San Francisco. The self-driving car start-up said Friday it submitted a permit for an autonomous vehicle deployment with the California Public Utilities Commission. It is the last of six

4:56 PM ET Jose Antonio Cortes MEXICO CITY – Sergio Perez is his first and harshest critic. The Mexican driver hasn’t liked his 2021 Formula One season, but he feels he has found his place within Red Bull Racing Honda and is confident his year-end grade will reflect improvement. In an interview with ESPN ahead

In this article F The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Ford Motor plans to repurchase up to $5 billion of its high-yield bonds as part of a wider plan to restructure its

5:59 PM ET MEXICO CITY — Lewis Hamilton says he is determined to win this year’s title “the right way” and has ruled out attempting to secure the championship by colliding with his rival Max Verstappen. Hamilton is 12 points behind Verstappen with five races remaining, meaning the championship could still go down to the

In this article SCHW Rivian EV Pickup Truck. Adam Jeffery | CNBC A former female executive at Rivian is accusing the electric vehicle start-up of firing her for raising concerns about the company having a “toxic bro culture.” In a Medium post published Thursday afternoon, Laura Schwab, who joined Rivian late last year from Aston

7:13 AM ET Ex-Formula One driver Nico Hulkenberg has ruled out a move to IndyCar in 2022, citing “personal reasons”. Hulkenberg has been looking for a full-time drive since leaving Renault’s Formula One team at the end of 2019. The German driver made two stand-in appearances for Aston Martin last season as a COVID-19 substitute

In this article NKLA Nikola Motor Company Source: Nikola Motor Company Embattled electric truck maker Nikola expects to incur a civil penalty of $125 million under a potential resolution with the Securities and Exchange Commission regarding the company misleading investors. The company Thursday said it has “been engaged in discussions regarding a resolution” to the

7:41 PM ET Associated Press DETROIT — The Detroit City Council approved a contract Wednesday to return the Detroit Grand Prix downtown from the IndyCar race’s current home on an island in the middle of the Detroit River. Detroit Belle Isle Grand Prix Inc. told councilmembers in September that it wanted to hold the race

In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor’s U.S. vehicle sales showed positive signs of recovery from an ongoing shortage of semiconductor chips that’s wreaked havoc on the global automotive industry this year. The Detroit automaker on Wednesday reported

9:17 AM ET McLaren announced New Zealander Emma Gilmour as their first female racer on Wednesday with the rally driver set to compete in the new electric Extreme E off-road series next year. The announcement during the COP26 climate change summit in Glasgow took the British-based team back to its origins, with late founder and

In this article F Adam Jeffery | CNBC DETROIT – Ford Motor will require U.S. salaried employees to be vaccinated by Dec. 8 or face unpaid leave, CNBC has learned. The automaker on Tuesday sent out a message to Ford’s roughly 32,000 salaried employees about the mandate. Ford will consider religious and medical exemptions for

5:58 PM ET Associated Press MARTINSVILLE, Va. — Two-time NASCAR Cup Series champion Kyle Busch should not have used a slur referring to the mentally disabled during a post-race interview and NASCAR was right to order the tempestuous driver to undergo sensitivity training, team owner Joe Gibbs said Tuesday. Busch apologized on social media for