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Any significant reduction or a rollback of the Inflation Reduction Act’s support for electric vehicles would benefit China, according to General Motors board member Jon McNeill. “I think we risk losing the auto manufacturing share to China. We really do, globally,” McNeill, a former Tesla president and cofounder and CEO of DVx Ventures, said Wednesday

Open Extended Reactions Michael Schumacher’s family has been awarded €200,000 ($217,000) by a German magazine that claimed an AI-generated interview was actually an exclusive with the Formula One legend himself. Last April, Die Aktuelle ran a front cover spread promising an exclusive interview with Schumacher, who has not been seen in public since suffering a

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael Wayland / CNBC DETROIT — The Chevrolet Equinox has been a crucial part of General Motors’ lineup for two decades. The vehicle is a quintessential

Open Extended Reactions Adrian Newey will leave Red Bull in 2025. Kym Illman/Getty Images Adrian Newey has not signed a deal with Ferrari and is a long way from deciding his next move, according to his business manager Eddie Jordan. Newey will step down as Red Bull chief technical officer in early 2025, a decision which

The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries. The company’s Hong Kong-listed shares rose more than 13% in

Ryan McGee, ESPN Senior WriterMay 21, 2024, 01:55 PM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year Open Extended Reactions Kyle Larson will attempt the Double on Sunday, contesting the Indianapolis 500 before flying to Charlotte to take part in NASCAR’s Cola-Cola

An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California.  Justin Sullivan | Getty Images A fire broke out at Tesla‘s vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. No injuries were reported among employees

Open Extended Reactions McLaren’s livery for the Monaco Grand Prix weekend is a tribute to legendary driver Ayrton Senna. McLaren Racing McLaren has unveiled the green, yellow and blue livery scheme it will run at the Monaco Grand Prix as a tribute to Ayrton Senna. McLaren’s car will carry the new look, as well as the

Associated Press May 20, 2024, 12:32 PM ET Open Extended Reactions INDIANAPOLIS — Hall of Fame outfielder Ken Griffey Jr. will drive the pace car for the 108th running of the Indianapolis 500 on Sunday. Griffey has attended “The Greatest Spectacle in Racing” in his second career as a photographer, but now his job will

In this article XPEV 9868-HK Follow your favorite stocksCREATE FREE ACCOUNT Xpeng’s “Land Aircraft Carrier” vehicle has a flying passenger drone hidden inside the truck. The drone can detach. XPENG AEROHT Xpeng AeroHT, an affilaite of Xpeng, aims to deliver its flying car to customers in 2026, the Chinese electric vehicle maker’s co-president told CNBC

Open Extended Reactions IMOLA, Italy — Red Bull boss Christian Horner feels Max Verstappen’s unique double victory in real life and in a virtual sim race over the weekend shows the type of competitor he is. Verstappen held off a charging Lando Norris to win the Emilia-Romagna Grand Prix by just 0.7s on Sunday. –

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory in Fremont, California, April 24, 2024. Justin Sullivan | Getty Images As part of Tesla’s massive restructuring, the electric vehicle maker notified the California Employment Development Department

Associated Press May 19, 2024, 06:32 PM ET Open Extended Reactions INDIANAPOLIS — Scott McLaughlin in the famed “Yellow Submarine” entry led a Team Penske sweep of the front row of Indianapolis 500 qualifying with a new track record Sunday around Indianapolis Motor Speedway. McLaughlin’s four-lap average of 234.220 mph broke the mark set by

Mugshot of PGA Golfer Scott Alexander Scheffler, arrested for assault on police after trying to enter PGA Championship venue. Source: Wave Scottie Scheffler, the top golfer in the world, was arrested Friday and charged with felony assault on a police officer and reckless driving outside of a PGA championship event in Kentucky. Scheffler, 27, was

Open Extended Reactions IMOLA, Italy — Lando Norris never doubted Max Verstappen was the man to beat in qualifying for the Emilia-Romagna Grand Prix, despite the world champion’s scruffy start to the weekend. Verstappen had looked out of sorts throughout practice at Imola, with several off-track moments, but recovered on Saturday to claim a record-tying

A 1960 Ferrari 400 Superamerica SWB Cabriolet by Pinin Farina, available via Sotheby’s Private Sales. Courtesy: RM Sotheby’s A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet

Associated Press May 18, 2024, 08:33 PM ET Open Extended Reactions INDIANAPOLIS — Team Penske swept the top three spots in qualifying for the Indianapolis 500 on Saturday, with Will Power at the top of the list, giving a team under scrutiny a solid shot at winning the pole for “The Greatest Spectacle in Racing.”

The American pickup truck market is dominated by domestic brands, primarily Ford, Chevrolet, GMC and Ram. U.S. brands benefit from a loyal buyer base, and a 25% tax on imported trucks. But the Toyota Tacoma shows how a foreign automaker can find and control a niche within that market. The top-selling full-size pickup line is

Open Extended Reactions IMOLA, Italy — Max Verstappen said Red Bull has work to do to maintain its big advantage over the rest of the field after a tough day of practice ahead of the Emilia-Romagna Grand Prix. Verstappen looked out of sorts with his Red Bull, which has upgrades ahead of this weekend’s race.

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The

Associated Press May 17, 2024, 02:50 PM ET Open Extended Reactions INDIANAPOLIS — The Chevrolet-powered cars from Team Penske and Arrow McLaren were flying in Indianapolis 500 practice on Friday. Nolan Siegel was flying, too. The 19-year-old rookie brought Fast Friday to a halt at Indianapolis Motor Speedway when he spun coming out of Turn

Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT – Stellantis‘ Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced

Laurence Edmondson, F1 EditorMay 17, 2024, 08:29 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Open Extended Reactions IMOLA, Italy — Lewis Hamilton has backed teenage driver Andrea Kimi Antonelli to replace him at Mercedes next year. Hamilton will move from Mercedes to Ferrari at the end of this season,

A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing. Jade Gao | Afp | Getty Images SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year. The projection comes as Elon Musk has emphasized his plans to build up Tesla’s

Associated Press May 16, 2024, 07:04 PM ET Open Extended Reactions INDIANAPOLIS — Former Indianapolis 500 winner Marcus Ericsson and rookie Linus Lundqvist were involved in separate crashes during a busy day of practice Thursday, leaving their teams with a lot of extra work ahead of qualifying this weekend. Ericsson, who was passed by Josef

Simonskafar | E+ | Getty Images Incentives are coming back to the auto market, but high interest rates are weakening those deals for car shoppers. “Pre-pandemic, people would see a 0% financing for 60 months and think, ‘no big deal,’ because it was available everywhere,” said Jessica Caldwell, an insights analyst at Edmunds, an auto

Open Extended Reactions IMOLA, Italy — Alex Albon has said Williams can win races again during his stint with the team, which he has extended to at least 2027 with a newly signed contract. Albon had previously on a deal until next season, but Williams confirmed his extension on Wednesday. – Unlapped: How to listen

U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC.  Win Mcnamee | Getty Images DETROIT – President Joe Biden’s plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the

Associated Press May 15, 2024, 11:32 AM ET Open Extended Reactions INDIANAPOLIS — Jordin Sparks, the singer-songwriter who shot to stardom on “American Idol,” will perform the national anthem before the 108th running of the Indianapolis 500 on Memorial Day weekend. Sparks also performed the anthem before “The Greatest Spectacle in Racing” in 2015. “We

In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000