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
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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
In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber has been ordered to stop offering its main ride-hailing service in the Belgian capital of Brussels from Friday evening. The Brussels Appeal Court ruled on
Nov 14, 2021 Associated Press Toyota on Sunday unveiled the GR Supra it will use in the 2022 NHRA season, ending a 10-year run with the Camry in Funny Car competition. The reveal was made at the NHRA season finale at Auto Club Raceway in Pomona, California, and the car is expected to debut in
A technologist inspects a computer chip. Sefa Ozel | E+ | Getty Images GUANGZHOU, China — China’s technology sector has taken a wild ride over the past year, with regulations tightened, billions of dollars wiped off companies’ market value, and a continuing push from Beijing for technological self-sufficiency. Those are among the important themes that
Nov 14, 2021 Associated Press PARADISE VALLEY, Ariz. — Bob Bondurant, a former champion race car driver who opened a high-performance driving school in 1968 and taught numerous A-list actors for their movie roles, has died. He was 88. According to his family and the Bondurant Racing School website, Bondurant died Friday in the Phoenix
A safety staff member gets in a self-driving robotaxi on October 13, 2020, in Beijing, China, a few days after Baidu launched trial operations of its Apollo Robotaxi. Zhao Jing | Visual China Group | Getty Images BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech
9:08 PM ET Associated Press POMONA, Calif. — Steve Torrence, Greg Anderson and Matt Smith raced to season championships and race victories Sunday in the season-ending Auto Club NHRA Finals. Torrence raced to his fourth Top Fuel championship, Anderson won his fifth Pro Stock crown, and Smith claimed his fifth Pro Stock Motorcycle title. Ron
In this article TSLA AAPL Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up. “We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle?
6:57 AM ET If you were looking for a face to represent Generation Z in Formula One, Lando Norris’ might just be it. As one of F1’s most popular drivers, and possibly it’s most active online, he fits the bill perfectly. What sets Norris apart from many of his peers is his social media presence.
In this article 9868-HK BEIJING — Chinese electric car start-up Xpeng plans to become a global automaker, with half of vehicle deliveries going to countries outside China, vice president and chairman Brian Gu said Wednesday. “As a company that focuses on global opportunities, we want to be balanced with our contribution of delivery — half