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Justin Sullivan | Getty Images You may want to get used to higher prices at the pump, at least for now. As of Monday, the average cost of a gallon of gas was $3.30, up 7.5 cents from a month ago and $1.08 higher than a year ago, according to fuel savings app GasBuddy. By

In this article TSLA 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 As supply chains remain in distress across the globe, automakers are spending billions to

May 29, 2021 INDIANAPOLIS — Dear smart watch and pedometer manufacturers: I don’t want to tell you how to run your business, but you’re missing out on a sponsorship opportunity during Sunday’s Indianapolis 500. And I don’t mean slapping a sticker on any of the 33 race cars that will be roaring down the frontstretch

In this article F WSC A general view of the Halewood Ford transmission assembly plant after Ford announced a 230 GBP investment on October 18, 2021 in Halewood, England. Christopher Furlong | Getty Images LONDON – Ford announced Monday that it intends to spend $315 million (£230 million) transforming a factory in northwest England into

6:47 PM ET Associated Press BRISTOL, Tenn. — Alexis DeJoria powered to her first Funny Car victory in more than four years Sunday in the NHRA Thunder Valley Nationals at Bristol Dragway. DeJoria beat J.R. Todd with a 3.921-second run at 327.66 mph in a Toyota Camry for her sixth career victory. “I was hungry

2:05 AM ET Associated Press BRISTOL, Tenn. — Steve Torrence made the quickest Top Fuel run in Bristol Dragway history Saturday to top qualifying for the NHRA Thunder Valley Nationals. Torrence closed out qualifying with a 3.667-second run at 331.28 mph for his fourth No. 1 qualifier of the this season and 31st in his

9:03 PM ET Associated Press BRISTOL, Tenn. — Brittany Force made the quickest run in Bristol Dragway history Friday, powering to the provisional No. 1 spot in Top Fuel qualifying at the NHRA Thunder Valley Nationals. Force blistered the track record at Thunder Valley with a 3.682-second run at 328.94 mph. She’s in position for

May 30, 2021 INDIANAPOLIS — On Saturday morning, roughly 24 hours before the start of the 2021 Indianapolis 500, an impromptu meeting of Indy’s most exclusive club took place as the drivers meeting of this year’s 33 competitors was being adjourned. A.J. Foyt, Al Unser Sr. and Rick Mears, the only four-time winners over 104

Jun 20, 2021 Alvin Kamara has officially become a two-sport star. The New Orleans Saints running back was named as NASCAR’s first-ever growth and engagement advisor on Sunday, continuing his growing relationship with the sport over the past year. “I’m excited they carved out a role for me,” Kamara said Sunday. “I got an office.

In this article VOW3-DE The all-electric Porsche Taycan Turbo. Source: Porsche AG In a sign that drivers are increasingly embracing battery electric models, sales of the Porsche Taycan surpassed those of the company’s influential, high performance 911 series, according to numbers the company released Friday. The Taycan is Porsche’s first battery electric vehicle, and was

The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat. Vermont State Police DETROIT – General Motors‘ recall of Chevrolet Bolt EVs are continuing to sideline production of the car. The company has idled manufacturing

11:15 AM ET Associated Press CONCORD, N.C. — First came the woman, then the fastest cars in racing. Tony Stewart, who fell in love with NHRA while tagging along with fiancée Leah Pruett at her races the past two seasons, will be an official part of the sport in 2022. The NASCAR Hall of Fame

A Tesla salesperson (L) speaks to a visitor as they sit in a Tesla Model Y car at a Tesla showroom in Beijing on January 5, 2021. Wang Zhao | AFP | Getty Images BEIJING — Tesla took two of the top three spots for best-selling electric car models in China, industry data for the

A Tesla operating in the vehicle’s driver-assist system known as Autopilot struck a police car March 17, 2021 in Michigan, officials said in a tweet. Michigan State Police A federal vehicle safety authority is asking Tesla to explain why it didn’t initiate a recall when it pushed a safety-related software update to customers in September.

In this article 708-HK People walk by an unopened shop for Evergrande’s electric cars during the last day of the National Day and Golden Week holidays on October 7, 2021 in Wuhan, Hubei province, China. Evergrande, China’s largest property developer, is facing a liquidity crisis with total debts of around $300 billion. The problems faced

In this article TSLA People look at a Tesla Model Y car at a Tesla showroom in Beijing on January 5, 2021. Wang Zhao | AFP | Getty Images Tesla released a new version of its experimental driver assistance software, which it has dubbed Full Self-Driving Beta 10.2, according to an email the company sent

In this article GM A 2019 Chevrolet Bolt EV caught fire at a home in Cherokee County, Georgia on Sept. 13, 2021, according to the local fire department. Cherokee County Fire Department LG Electronics has agreed to reimburse General Motors up to $1.9 billion to recall Chevrolet Bolt EVs due to faulty batteries provided by

10:16 AM ET Associated Press Rahal Letterman Lanigan Racing confirmed the worst kept secret in IndyCar on Monday when British driver Jack Harvey was officially added to its 2022 lineup. Harvey had been assumed to be headed to Rahal since August, when he informed Meyer Shank Racing he was leaving at the end of his

Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — China’s electric car companies are racing to ramp up production, faster than Tesla did in its early days. U.S.-listed start-up Xpeng

8:13 PM ET Associated Press ENNIS, Texas — Greg Anderson broke the Pro Stock victory record with his 98th win Sunday in the Texas NHRA FallNationals at Texas Motorplex. The 60-year-old Anderson won when Chris McGaha red-lighted in the final. “I saw (McGaha’s red light) on the scoreboard and I had a difficult time getting

9:18 PM ET Associated Press ENNIS, Texas — Robert Hight held onto the top spot in Funny Car qualifying Saturday at Texas Motorplex in the Texas NHRA FallNationals. Hight raced to his first No. 1 qualifier of the season and 70th overall with a 3.878-second run at 331.94 mph Friday in a Chevrolet Camaro. “We’re

In this article TSLA F DAI-DE A Volvo C40 Recharge photographed in Stockholm, Sweden, on March 2, 2021. CLAUDIO BRESCIANI | AFP | Getty Images The CEO of Volvo Cars has told CNBC that the automaker’s shift to electric vehicles is the reason behind its planned listing on the Nasdaq Stockholm stock exchange. The company

1:16 AM ET Associated Press ENNIS, Texas — Brittany Force broke both ends of the Texas Motorplex record in Top Fuel qualifying Friday night for the Texas NHRA FallNationals. Force made the fifth-quickest run in NHRA history with a 3.637-second pass at 335.32 mph. She’s trying to earn her 11th No. 1 qualifier of the

GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM DETROIT – Wall Street is expecting a lot from General Motors’ two-day investor event that starts Wednesday afternoon  – from specific revenue and earnings targets

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 DETROIT – General Motors gave investors a detailed look at its financial operations Wednesday, outlining how the automaker plans to grow profit margins and double its revenue to about

In this article TSLA A man drives his Tesla car as the Starship SN8 of SpaceX is seen behind, days before a test launch of the company’s new super heavy-lift Starship rocket from their facilities in this small town of Boca Chita, Texas, December 4, 2020. Gene Blevins | Reuters Tesla is moving its headquarters

In this article TSLA Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images Tesla CEO Elon Musk once again endorsed the idea of a federal carbon tax

Cruise Origin Cruise DETROIT – Cruise, General Motors’ majority-owned autonomous vehicle subsidiary, is targeting a fleet of 1 million or more self-driving vehicles by 2030. Cruise CEO Dan Ammann showed investors Wednesday a graphic of the company’s “exponential Cruise fleet ramp” that showed scaling its operations to a million or more vehicles by the end

In this article GM DETROIT — General Motors plans to double its annual revenue to $280 billion by the end of this decade as it transitions to all-electric vehicles and diversifies its operations beyond selling cars and trucks. The automaker announced the new revenue target, along with fatter projected operating profit margins of 12% to

As a former start-up investor and the co-founder and CEO of $1 billion autos marketplace Carro, Aaron Tan knows a thing or two about running a business. But if he had one piece of advice for other would-be entrepreneurs, it would be this: don’t go it alone. “I don’t know whether I am qualified enough