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DETROIT — Ford Motor Co., in what it says is the largest single manufacturing investment in its 118-year history, on Monday said it would spend $7 billion and create nearly 11,000 jobs to build electric vehicles and batteries in Tennessee and Kentucky. The investment, meant to vault Ford among the leaders in EV output, will

In this article F Rendering of Ford’s $5.6 billion “Blue Oval City” campus in Tennessee. The site is expected to include a supplier park, battery production facility and a new assembly plant for electric F-Series trucks. Ford DETROIT – Ford Motor and battery supplier SK Innovation plan to invest more than $11.4 billion in new

The largest proxy advisory firm is recommending Tesla Inc. investors reject two board members who are standing for re-election: James Murdoch and Elon Musk’s younger brother, Kimbal Musk. “Votes against directors James Murdoch and Kimbal Musk are warranted due to concerns regarding excessive compensation to named executive officers and to non-executive directors,” Institutional Shareholder Services

6:07 PM ET Associated Press LONG BEACH, Calif. — Smooth and steady, same as he’s been all season, Alex Palou cruised to his first IndyCar championship with an easy Sunday drive at the Grand Prix of Long Beach. The 24-year-old became the first Spaniard to win the IndyCar championship and pulled it off in just

DETROIT — It’s taken Jim Farley less than one year as Ford Motor Co. CEO to accomplish what his two immediate predecessors couldn’t over six: reverse the company’s long stock slide. There’s much still to fix, including problematic launches of high-profile vehicles, money-losing overseas markets and slumping U.S. sales amid the coronavirus pandemic and global

In this article TSLA Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to SpaceX projects during his appearance at the conference. Win McNamee | Getty Images Elon Musk reassured Tesla‘s commitment to China, saying

7:32 AM ET Associated Press LONG BEACH, Calif. — The IndyCar championship race tightened ahead of the Grand Prix of Long Beach after a messy qualifying session put contenders Alex Palou and Pato O’Ward in the middle of the pack. “Maybe rules don’t apply the last race of the season? When everything’s at stake? It

For Toyota and its Lexus brand, this December could be one to remember — for all the wrong reasons. Ongoing microchip and other supply chain shortages caused by the pandemic have forced Toyota Motor Corp. to continue to cut its global production. Meanwhile, U.S. retail demand for new vehicles has slowed, but not yet enough

In this article F Dane Hardware (right), Ford design and release engineer, and Mary Fredrick, Ford battery validation engineer, measure the voltage of a battery using a digital multimeter at Ford’s Battery Benchmarking and Test Laboratory in Allen Park, Michigan. Ford Ford is partnering with battery recycling start-up Redwood Materials to reuse the raw materials

2:09 PM ET Associated Press MADRID — Dean Berta Viñales, a 15-year-old Spanish rider, died after crashing in a motorcycle race in Spain on Saturday. Race organizers said Viñales, a cousin of MotoGP rider Maverick Viñales, did not recover from his injuries after the crash in a Supersport 300 race at the Jeréz de la

In its march toward a carbon-neutral future, Volvo Cars is targeting how its steel is made. Its hope: To adopt a new “green steel” that promises to eliminate the need for coking coal in its manufacturing process. If the idea works, it could take a significant bite out of the CO2 in the automaker’s supply

In this article TSLA Electric vehicle maker Tesla rolled out a long-awaited software update Friday night that allows customers to request access to its controversial Full Self-Driving Beta (FSD Beta) software. The move delighted fans of CEO Elon Musk and Tesla, but it risks drawing the ire of federal vehicle safety authorities who are already

7:53 PM ET Associated Press LONG BEACH, Calif. — Endless hours on iRacing trying to familiarize himself with the downtown city street course in Long Beach paid off Friday when IndyCar points leader Alex Palou sailed through his first career laps on the circuit. Palou takes a 35-point lead into Sunday’s title-deciding season finale. The

While going through National Automobile Dealers Association training, the convoluted process of buying a vehicle became more obvious — and more alarming — to Patrick Daly. Mystery shopping at competitors’ dealerships and his store showed that car shopping was still more complicated than it needs to be, said Daly, general manager of Randy Wise Chevrolet

In this article UG Andrew Matthews | PA Images | Getty Images DETROIT – General Motors plans to expand its OnStar emergency services from an in-vehicle feature and phone-based app to a home-based 911 system for Amazon Alexa. The Detroit automaker on Wednesday said it will launch a new OnStar Guardian for Amazon’s popular voice

2:11 PM ET Associated Press LONG BEACH, Calif. — The love affair between Romain Grosjean and IndyCar will continue another year. The Frenchman will move to Andretti Autosport in 2022 to drive a full season, including the Indianapolis 500. Grosjean did not commit to ovals when he left Formula One to drive for Dale Coyne

Demand for used vehicles has been high this year, and flooding this month from Hurricane Ida just sent more customers clamoring for cars at Planet Honda in Union, N.J. Planet Honda isn’t alone facing that growing demand. In times like these, General Manager Bill Feinstein said he and other dealership leaders he knows are choosing

In this article TSLA Tesla Motors CEO Elon Musk speaks to the media next to its Model S. Nora Tam | South China Morning Post | Getty Images Tesla CEO Elon Musk said Friday that the ongoing semiconductor crisis will be over by next year. The tech billionaire said he thinks chip shortage is a

BERLIN — Daimler’s Mercedes-Benz will take a 33 percent stake in battery cell manufacturer Automotive Cells Company (ACC), alongside the project’s original founders Stellantis and TotalEnergies. The purpose of the partnership is to develop cells and battery modules and “help ensure that Europe remains at the heart of the auto industry — even in an

Dave Snydacker is CEO and founder of Lilac Solutions, a lithium extraction startup based in Oakland, California. Courtesy: Lilac Solutions Inc. As consumers, we rely on lithium-ion batteries to power everything from smartphones to electric vehicles. Demand is soaring, and automakers can’t secure partnerships fast enough to keep up. That presents an economic challenge today.

11:04 AM ET Associated Press SOCHI, Russia — The first Formula One race in Miami will be held on May 8. The Miami race at a new track named the Miami International Autodrome — being built around Hard Rock Stadium — will be the first of two U.S. events on the 2022 F1 schedule, along

DETROIT — General Motors plans to restart production at its midsize pickup plant in Missouri next week, as planned, while seven other of the automaker’s plants in North America remain idle, in part because of the global microchip shortage. The plant in Wentzville has been down since Sept. 6. It builds the Chevrolet Colorado and

In this article ULVR-GB VOW3-DE TSLA Volvo is one of several automakers looking to change the materials used in its vehicles. Artur Widak | NurPhoto | Getty Images Volvo Cars wants all the models it sells to be leather-free by 2030, a move which represents the latest example of how automakers are looking to make

Consulting firm AlixPartners said Thursday the ongoing semiconductor chip shortage will cost the global automotive industry $210 billion this year, a greater revenue loss than previously thought. That figure is up considerably from the firm’s May forecast, in which it estimated a loss of $110 billion. AlixPartners also says production of 7.7 million units could

Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford With no end in sight this year, the ongoing semiconductor chip shortage is now expected to cost the global automotive industry an estimated

Stellantis brands Jeep, Fiat and Ram will release special edition vehicles as part of a multiyear partnership with Red, a brand licensing company that raises money to fight global health emergencies. The vehicles will get a global marketing campaign to drive awareness to Red’s cause. At least $4 million in proceeds will go to the

Bono at the 2016 World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Jeep, Ram Trucks and Fiat are partnering with U2 frontman Bono’s (RED) organization to offer special-edition vehicles, aimed at raising more than $4 million to fight against health crises. The vehicles will include “(RED)” editions of the Jeep Compass and Renegade

Incoming AutoNation Inc. CEO Mike Manley will earn an annual base salary of $1.3 million and receive a $1.5-million cash sign-on bonus when he comes onboard Nov. 1, according to a regulatory filing late Tuesday. AutoNation on Tuesday announced it had hired Manley, former CEO of Fiat Chrysler Automobiles and head of Americas for Stellantis,

Flying cars could be commercially available in 2024, but regulations for managing the new form of air traffic will be a concern, according to the chief executive officer of a tech company. Hugh Martin of Lacuna Technologies, which helps cities create transportation policies, said there’s a difference between when cars can fly and when they

7:28 PM ET Associated Press MONTEREY, Calif. — Colton Herta won the pole at Laguna Seca and will try Sunday to tie his father as a two-time winner at the rolling California road course. The win would actually give him the family throne on the overall victories list. Herta won from the pole in 2019