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In this article ZE594-CN MSFT AMZN SE BABA PTON AAPL Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our

Open Extended Reactions F1’s new season begins on March 2 with the Bahrain Grand Prix after three days of testing the week prior at the same venue. Preseason sometimes gives an indication of the competitive order, but the true picture only starts to properly emerge over that first weekend, so predictions are difficult to make

Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a “game changer” for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan to 419,800 yuan (about $50,360

Jan 4, 2024, 02:46 PM ET Former Brazilian Formula One driver Wilson Fittipaldi Jr. suffered a cardiac arrest on Christmas Day, his wife said on Thursday. Fittipaldi Jr., who is the brother of two-time F1 world champion Emerson Fittipaldi, was celebrating his birthday — which also falls on Dec. 25 — at the time. “During

In this article 285-HK TSLA Follow your favorite stocksCREATE FREE ACCOUNT Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023. Arjun Kharpal | CNBC Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped.

In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT – Ford Motor’s U.S. sales increased about 7% last year, marking the automaker’s best sales since 2020 but coming in lower than the overall industry’s growth. Ford on Thursday reported sales of nearly 2 million vehicles in

In this article F Follow your favorite stocksCREATE FREE ACCOUNT The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT – Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla just published its fourth-quarter vehicle production and deliveries report for 2023. Here are the key numbers: Total deliveries Q4 2023: 484,507 Total production Q4 2023: 494,989 Total annual deliveries 2023: 1,808,581 Total annual production 2023: 1,845,985 In 2022, the Elon Musk-led automaker reported annual deliveries of 1.31

In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland | CNBC Shares of Rivian Automotive declined by almost 10% during early trading Tuesday after the company reported increased vehicle production during the fourth quarter,

Jan 1, 2024, 06:11 AM ET Open Extended Reactions Sauber has unveiled the new logo for its Formula One team, which will race as Stake for the next two seasons. Stake has replaced Alfa Romeo as the title partner of the long-running Sauber team in the interim years before it partners up with Audi from

ESPN News Services Dec 29, 2023, 08:51 PM ET Gil de Ferran, the 2003 Indianapolis 500 winner and holder of the closed-course land speed record, died Friday at age 56. De Ferran died after racing with his son at The Concourse Club in Florida, multiple former colleagues confirmed to The Associated Press. Fellow Brazilian driver

Praetorianphoto | E+ | Getty Images The $7,500 tax credit for new electric vehicles will be easier for many consumers to claim in 2024, but it may be more difficult for others. These opposing dynamics are due to federal policies taking effect at the same time. One policy kicking in Jan. 1 will allow car

In this article MSFT 1810-HK Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to

Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week

In this article MSFT AFRM 1810-HK Follow your favorite stocksCREATE FREE ACCOUNT A trader reacts after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC

In this article AAPL 1810-HK Follow your favorite stocksCREATE FREE ACCOUNT Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla

Ryan McGee, ESPN Senior WriterDec 27, 2023, 09:11 AM 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 The NASCAR Cup Series Advent Health 400 at Kansas Speedway was one of the most entertaining races of the 2023 season. (Photo by

It is often said that a car begins losing its value as soon as you drive it off the lot. The reasons why boil down to some Nobel Prize-winning insights about human behavior and some quirks of the automotive industry. Everyone in the automotive industry keeps a close eye on depreciation: owners and buyers concerned

Open Extended Reactions Steve Nielsen’s appointment was seen as a good move within F1. Bryn Lennon – Formula 1/Formula 1 via Getty Images FIA sporting director Steve Nielsen has quit his role with racing’s governing body after less than a year in the position. Nielsen was appointed in January to oversee and improve the FIA’s race

Associated Press Dec 22, 2023, 06:25 PM ET NEW YORK — Paula Murphy, a Hall of Fame racer and the first woman licensed to drive a Funny Car, died Thursday. She was 95. The National Hot Rod Association (NHRA) announced Murphy’s death on Friday. It did not provide any details. Murphy was a pioneer for

Maskot | Maskot | Getty Images Both new and used car purchases were expensive for drivers this year, as limited inventory and high borrowing costs affected affordability. “Interest rates have taken such a toll on purchasing power,” said Ivan Drury, director of insights at Edmunds. Yet, consumers might begin to see lower prices in 2024,

Marshall Pruett, Racing columnistDec 21, 2023, 09:44 AM ET Open Extended Reactions Indy Car Chip Ganassi Racing driver Álex Palou (10) of Spain during the 2023 Gallagher Grand Prix at Indianapolis Motor Speedway. (Photo by Jeremy Hogan/SOPA Images/LightRocket via Getty Images) The latest IndyCar season was unlike anything I’ve witnessed. To start, a ridiculous number of

New Kia cars are displayed on the sales lot at San Leandro Kia on May 30, 2023 in San Leandro, California. Justin Sullivan | Getty Images DETROIT – Sales of new vehicles in the U.S. are expected to increase slightly next year, as the automotive industry continues to normalize from the coronavirus pandemic and other

C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City.  Michael M. Santiago | Getty Images Tesla is hiring a Nordic public policy expert as the U.S. electric vehicle giant’s bitter dispute with

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Several Tesla electric vehicles are parked in front of a Tesla service center in the Kearny Mesa region, in San Diego, California, U.S., October 31, 2023.  Abhirup Roy | Reuters Marko Sustic has bet big on Tesla this year. The investor, who also happens to

Open Extended Reactions On paper, Sergio Perez was a shoo-in for a slot in our top ten F1 drivers of 2023. He was one of two not named Max Verstappen to win a race and he finished second to the Dutchman in the world championship. And yet, he’s not made the cut on ESPN’s list,

In this article TSLA BMW-DE STLA GM Follow your favorite stocksCREATE FREE ACCOUNT Tesla Model Y, equipped with FSD system. Three front facing cameras under windshield near rear view mirror.  Mark Leong | The Washington Post | Getty Images Tesla drivers in the U.S. were involved in accidents at a higher rate than drivers of

Open Extended Reactions McLaren CEO Zak Brown has raised concerns about the relationship between Red Bull and its junior team, AlphaTauri, as “something that needs to be addressed in the future”. Red Bull has owned two F1 teams since the mid-2000s — it bought the Jaguar team for the 2005 season, before purchasing Italian-based Minardi

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2024 Buick Envista GM DETROIT – General Motors has cut the size of its Buick dealership network roughly in half in the U.S. through an ongoing voluntary buyout program, an executive told CNBC. The 1,000-store reduction aims to increase the amount of sales per location,

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Security gate outside the Tesla Motors Gigafactory site east of Reno, Nevada. David Calvert | The Washington Post | Getty Images Tesla has informed workers at its battery factory in Sparks, Nevada, that some set-rate hourly workers there will see pay increases around 10% starting