6:45 AM ET After it was confirmed he will not continue with Alfa Romeo next season, Antonio Giovinazzi said Formula One can be “ruthless” when decisions are dictated by money over talent. Giovinazzi will be replaced by the well-funded Guanyu Zhou, who will be China’s first ever Formula One driver. Giovinazzi burst into F1 contention
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In this article TSLA SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk’s sales of Tesla stock last week came as little surprise to those who have been following the story of
12:15 PM ET Lewis Hamilton’s heroics at the Sao Paulo Grand Prix narrowed Max Verstappen’s title lead to 14 points with three races to go. Verstappen still has the advantage, but it is tantalisingly close heading into the final two races. The run-in looks as follows: Nov. 21: Qatar Grand PrixDec. 5: Saudi Arabia Grand
In this article LCID Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Shares of Lucid Group jumped by more than 5% during afterhours trading after the electric vehicle start-up announced a notable increase in vehicle reservations
4:27 AM ET Red Bull’s Formula One championship leader Max Verstappen described the setback of finishing second to Mercedes rival Lewis Hamilton in Sunday’s Sao Paulo Grand Prix as ‘damage limitation’. The Dutch 24-year-old is now 14 points ahead of seven times world champion Hamilton with three races remaining. “We still have a good points
In this article 9868-HK Xpeng plans to launch a new sports utility vehicle under its “G” line of cars on November 19. The company teased an image of the car’s silhouette. Xpeng Inc. GUANGZHOU, China — Chinese electric carmaker Xpeng teased a new sports utility vehicle on Friday, with the launch scheduled for next week.
5:21 PM ET Lewis Hamilton was reluctant to blame Max Verstappen for running him off the track at the Sao Paulo Grand Prix, saying the incident that saw them nearly make contact at Turn 4 was “hard battling”. Hamilton won Sunday’s race to close the gap to Verstappen in the championship to 14 points with
In this article TSLA RIVN 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 high production and break-even cash flow will be the true test for rival carmaker Rivian, which had a blockbuster IPO on
7:59 PM ET SAO PAULO, Brazil — Make no mistake about it. Lewis Hamilton can still beat Max Verstappen and win the Sao Paulo Grand Prix. For that to be the case after Hamilton was disqualified from one session, sent to the back of the grid in the next, and has a five-place grid penalty
A Mercedes-Benz super lorry leaves the Daimler factory in Sindelfingen, Germany, 08 December 2015. Daniel Maurer | Getty Images Daimler Truck CEO Martin Daum revealed Friday that he’s more worried about the global semiconductor shortage than he is about the economic impact of the coronavirus pandemic. “I’m more concerned about semiconductors than Covid at the
4:54 PM ET Max Verstappen joked that the stewards of the Sao Paulo Grand Prix can treat themselves to dinner and several bottles of expensive wine after they fined him €50,000 for touching Lewis Hamilton’s car in parc ferme after Friday qualifying. Verstappen was caught physically inspecting the rear wing of Hamilton’s car immediately after
In this article 175-HK TSLA An eActros is unveiled at the Mercedes-Benz truck plant of Daimler Truck AG on Ocotber 7, 2021. Uli Deck | picture alliance | Getty Images The Daimler Truck CEO has spoken of the challenges and opportunities his industry faces in the years ahead, as competition heats up and efforts to
10:29 PM ET Associated Press POMONA, Calif. — Mike Salinas raced to the provisional No. 1 qualifying spot in Top Fuel on Friday in the season-ending Auto Club NHRA Finals at Auto Club Raceway. Salinas had a 3.694-second run at 328.78 mph. Points leader Steve Torrence was second with a 3.698 at 317.05 as he
In this article TSLA The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB The Tesla Model 3 involved in a fatal crash near Miami that killed two people on
5:34 PM ET Aston Martin Formula One principal Otmar Szafnauer said he had a long-term contract and no intention of leaving as he faced a grilling in Brazil on Friday about reports he could move to Renault-owned rivals Alpine. Reports in France have linked the experienced paddock insider to a future restructuring of Alpine. Silverstone-based
In this article TSLA SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Shares of Tesla declined 15.4% for the week after CEO Elon Musk commenced with his plans to sell a huge block of his holdings this
1:35 PM ET SAO PAULO, Brazil — Max Verstappen said he will run the number 1 on his car next season if he wins this year’s Formula One championship. Verstappen, who leads Lewis Hamilton in the championship by 19 points with four races to go, chose 33 as the number to accompany him for the
In this article GM F 7203.T-JP VOW3-DE GS Krisztian Bocsi | Bloomberg Creative Photos | Getty Images Swedish battery firm Northvolt said Friday it had produced its first battery cell with what it described as “100% recycled nickel, manganese and cobalt.” In a statement, the Stockholm-headquartered company — which has attracted investment from Goldman Sachs
2:50 PM ET SAO PAULO, Brazil — McLaren’s Lando Norris revealed boyhood hero Valentino Rossi texted him ahead of what will be the Moto GP legend’s final race this weekend. Norris is well known as a Rossi fan and got to meet the Italian rider at an event in 2019. The two have remained in
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Commercial production and deliveries of Lordstown Motors‘ first product, an all-electric pickup called the Endurance, are once again being pushed back, the company said
10:52 AM ET Formula One has banned celebrities from bringing bodyguards to the starting grid after an incident with commentator and former racer Martin Brundle at last month’s U.S. Grand Prix in Austin. The 62-year-old Briton, a former team mate of Germany’s seven times world champion Michael Schumacher, was doing his pre-race ‘grid walk’ for
In this article TSLA According to financial filings out Wednesday, CEO Elon Musk is selling a block of Tesla shares via a plan that he set in motion on September 14 this year. The sales amount to more than 930,000 shares worth over $1.1 billion. He still holds more than 170 million shares. Musk sold
11:12 AM ET Associated Press Indy Lights champion Kyle Kirkwood, the most well-rounded driver of the next wave of young IndyCar newcomers, has at last found an open seat and will drive for A.J. Foyt Racing next season. Kirkwood will drive Foyt’s flagship No. 14 Chevrolet, the team said Wednesday. Sebastien Bourdais drove the car
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