7:29 PM ET Associated Press The IndyCar future of two-time Indianapolis 500 winner Takuma Sato was in doubt Tuesday after Rahal Letterman Lanigan said the Japanese driver won’t return to the team next year. Sato has raced in IndyCar since 2010 following seven seasons in Formula One. The Tokyo native has driven for Rahal the
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In this article F Hertz rental cars are parked in a rental lot near Detroit Metropolitan airport in Romulus, Michigan. Rebecca Cook | Reuters Shares of Hertz Global on Tuesday were up by as much as 13.3% after the car rental company named former Ford CEO Mark Fields as its interim chief executive officer. Fields,
In this article GM GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM DETROIT – General Motors CEO Mary Barra and other executives will detail
2:23 PM ET Associated Press AUSTIN, Texas — Czech racer Filip Salac was taken by helicopter to a hospital after crashing hard early in the Moto3 race in at the MotoGP Grand Prix of the Americas. Race officials at the Circuit of the Americas said the 19-year-old was conscious after the crash and was taken
In this article QCOM VNE MG-CA Qualcomm said on Monday that it will purchase part of auto components supplier Veoneer in a transaction valued at $4.5 billion, as the chipmaker dives deeper into the car market. Qualcomm is teaming up with investment firm SSW Partners to complete the transaction. Qualcomm will acquire Veoneer’s Arriver business,
4:28 PM ET Associated Press TALLADEGA, Ala. — NASCAR’s playoff race at Talladega Superspeedway was washed out and rescheduled for Monday because persistent rain backed the series into too tight of a window to run as scheduled. The race was initially delayed almost two hours and NASCAR made one attempt Sunday at starting the 500-miler.
5:53 PM ET Associated Press AUSTIN, Texas — Amid a season of self-described suffering, Marc Marquez was all smiles as he returned to his winning form in Texas. The Repsol Honda rider dialed up his old speed for a dominant victory at the MotoGP Grand Prix of the Americas on Sunday, while championship leader Fabio
In this article RIDE Lordstown Motors has entered into an in-principle agreement to sell its massive assembly plant in Ohio to iPhone maker Foxconn for $230 million, the companies announced late Thursday. Under the deal, the Taiwan-based electronics contract manufacturer will assemble Lordstown Motors’ first product, an all-electric pickup truck called the Endurance, that the
In this article TSLA The logo of Tesla seen at one of its showroom. Tesla announced its Q1 2021 earnings today. Toby Scott | LightRocket | Getty Images Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900
An American flag flies at a Chevrolet dealership on August 4, 2021 in Glendale, California. In spite of a computer chip shortage, General Motors (GM) posted a $2.8 billion net profit in the second quarter. Mario Tama | Getty Images DETROIT – General Motors’ U.S. vehicle sales during the third quarter plummeted by more than
Auto executive turned international fugitive Carlos Ghosn believes German automakers are best positioned to challenge electric vehicle leader Tesla. Ghosn, speaking from Lebanon where the former Nissan chairman fled to allude Japanese authorities, mentioned Mercedes-Benz and Volkswagen specifically during an interview Friday with CNBC’s Phil LeBeau during “The Exchange.” “In my opinion, it’s going to
Honda Motor Co. vehicles at an AutoNation car dealership in Fremont, California, U.S., on Monday, Feb. 15, 2021. AutoNation Inc. is scheduled to release earnings figures on February 16. David Paul Morris | Bloomberg | Getty Images DETROIT – U.S. auto sales are expected to nosedive in September, driving purchases of new vehicles down in
In this article GM GOOGL The California Department of Motor Vehicles approved autonomous vehicle deployment permits for GM-backed Cruise and Alphabet’s Waymo on Thursday. It allows the companies to charge a fee and receive compensation for autonomous services offered to the public, such as ride-hailing, in certain areas. The companies still need approval from the
Lordstown Motors Corp., the electric-truck maker running low on cash, is near an agreement to sell its highly politicized Ohio factory to Taiwan’s Foxconn Technology Group, people familiar with the matter told Bloomberg. The companies are set to announce the pact as soon as this week, said the people, who asked not to be named
2022 Jeep Grand Cherokee Jeep DETROIT – Jeep on Wednesday unveiled its first-ever Grand Cherokee plug-in hybrid as it attempts to pivot its SUVs from gas guzzlers to “green” vehicles. The new 2022 Grand Cherokee 4xe has an estimated 25 miles of all-electric range before switching to a four-cylinder turbocharged engine to power the
Massachusetts Attorney General Maura Healey warned car buyers Wednesday to be aware of dealers who may not accurately advertise vehicle prices or honor those prices. Healey’s office issued an advisory in response to an uptick in consumer complaints that allege deceptive pricing practices by dealers. About 74 such complaints were filed in the past year.
In this article TSLA Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. year. Patrick Pleul | picture alliance | picture alliance | Getty Images SpaceX and Tesla CEO Elon Musk expressed his displeasure with President Joe Biden on Tuesday, deeming his administration “biased” against Tesla and saying
Asbury Automotive Group Inc. said it will pay about $3 billion to buy the Larry H. Miller Dealerships group, one of the largest privately owned dealership groups and the eighth-largest dealership group in the country. Asbury said Wednesday that the deal includes 54 new-vehicle dealerships, seven used-vehicle dealerships, 11 collision centers and Total Care Auto.
A rendering of GM’s BrightDrop EV410, an electric midsize commercial van that’s planned for 2023. GM DETROIT – General Motors’ commercial electric vehicle business BrightDrop plans to add a second van to its lineup in 2023, with Verizon Communications scheduled to be the first customer. The automaker on Tuesday said the EV410, a midsize work
Ineos Group, the British chemical company bringing the rugged BMW-powered Grenadier SUV to North America in spring 2023, will open its order books on Thursday. The company says 63,000 hand-raisers have expressed an interest in the boxy off-road vehicle globally, with 12,000 of those in North America. Now the company wants to see who’s serious
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 Electric vehicle start-up Lucid on Tuesday said production of its first cars for customers is underway, with deliveries scheduled to begin late next month.
WASHINGTON — A group of 21 state attorneys general, the District of Columbia, and several major U.S. cities has urged the Biden administration to finalize stricter vehicle emissions rules than it has proposed. The Environmental Protection Agency in August called for reversing the Trump-era loosening of vehicle emissions rules with a new plan to boost
In this article 175-HK Logo of Chinese automaker Geely Auto. Zhang Peng | Getty Images GUANGZHOU, China — Chinese automaker Geely Holding is jumping into the smartphone business after its founder set up a new company. Hubei Xingji Shidai Technology Co. Ltd, founded by Eric Li, signed a strategic cooperation agreement with Wuhan Economic and
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