News

Hyundai CEO Jaehoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto Show Michael Wayland | CNBC DETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1. Munoz, an auto industry

Associated Press Nov 14, 2024, 10:25 AM ET Open Extended Reactions Roger Penske on Thursday added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach. He bought the race from Gerald Forsythe, who owned half the event with the late Kevin Kalkhoven. Forsythe

In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion

Associated Press Nov 13, 2024, 01:48 PM ET Open Extended Reactions Greg Maffei is stepping down as president and chief executive of Liberty Media, the company that owns Formula 1. Liberty Media said Wednesday that Maffei would leave his role when his contract expires at the end of the year and become an adviser. The

View looking towards the Royal Exchange and in the City of London where the glass architecture of the tower 22 Bishopsgate disappears into mist on 6th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Britain’s motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in

Field Level Media Nov 13, 2024, 02:25 PM ET Open Extended Reactions Sergio Pérez said he rejected opportunities from two other Formula 1 teams to return to Red Bull for the 2025 season. Perez signed an extension earlier this year but has come under intense scrutiny while falling to eighth in the drivers’ standings. While

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle on Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Tesla is recalling 2,431 Cybertrucks to replace defective drive inverters, according to notices made public by the National Highway Traffic Administration

Nov 12, 2024, 10:09 AM ET Open Extended Reactions Formula One will sell tickets to an unprecedented 2025 season launch event featuring all the teams and drivers at London’s O2 Arena on Feb. 18 as the world championship celebrates its 75th anniversary year. Formula One said in a statement on Tuesday that tickets would go

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images President-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency group when his second term begins in January. Trump wrote in a post that the

Nov 12, 2024, 12:40 PM ET Open Extended Reactions Dan Fallows is leaving his role as Aston Martin technical director this month but will stay within the group, the Silverstone-based Formula 1 team said on Tuesday. Editor’s Picks 2 Related Fallows joined from Red Bull, where he was in charge of aerodynamics, in 2022 but

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2026 Cadillac Vistiq EV GM DETROIT — General Motors‘ newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a “baby Escalade.” The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand’s

Ryan McGee, ESPN Senior WriterNov 11, 2024, 02:21 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 Joey Logano took home his third NASCAR Cup Series championship on Sunday in Phoenix. Mark J. Rebilas-Imagn Images Legitimacy (li-jit-uh-muh-see) noun. The state

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024.  Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is proving it’s a standout among

Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024.  Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images As Donald Trump celebrated

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin

In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here’s how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of

Keith Jenkins Nov 7, 2024, 02:38 PM ET Open Extended Reactions Formula One awards a world drivers’ championship and a world constructors’ championship at the end of each season. The drivers’ title is presented to the top competitor behind the wheel, while the constructors’ championship is given to the top team. Lewis Hamilton and Michael

Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024, in this still image taken from a video. Tesla | Via Reuters Tesla has falsely suggested in social media posts that its cars are autonomous, potentially misleading and endangering drivers, according to

Ryan McGee, ESPN Senior WriterNov 8, 2024, 11:15 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 One of Joey Logano, Ryan Blaney, Tyler Reddick and William Byron will be crowned 2024 NASCAR Cup Series champion on Sunday in

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed,

Open Extended Reactions George Russell is head of the Grand Prix Drivers Association. Dan Istitene – Formula 1/Formula 1 via Getty Images Formula 1’s drivers have called on the governing FIA and its president Mohammed Ben Sulayem to treat them like adults amid the ongoing controversy around Max Verstappen’s community service order for foul language. The

The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC Shares of Japanese automaker Nissan tumbled as much as 10.12%, a day after the company posted downbeat quarterly results and said it would reduce global production capacity by 20%. Shares of the

Nov 7, 2024, 07:21 AM ET Open Extended Reactions Sauber Motorsport chairman and Audi chief executive Gernot Dollner has said the team’s signing of 20-year-old driver Gabriel Bortoleto is a sign of a “generational shift” in Formula 1. The addition of Bortoleto to the grid means at least a fifth of the 20 F1 drivers

In this article VOW3-DE BSY Follow your favorite stocksCREATE FREE ACCOUNT A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022. Phil Noble | Reuters Bentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue

Niamh Lewis Nov 3, 2024, 04:15 PM ET Open Extended Reactions Max Verstappen celebrates a stunning drive in heavy rain with Red Bull. Mark Thompson/Getty Images Max Verstappen said he “surprised himself” with his superb drive in the rain from 17th on the grid to win the Brazilian Grand Prix. The Red Bull driver is a

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at

Nov 6, 2024, 03:47 AM ET Open Extended Reactions Sauber have confirmed Brazil’s Gabriel Bortoleto will drive in 2025 alongside Nico Hulkenberg as the team prepares to transition to Audi for 2026. The team announced on Wednesday Valtteri Bottas and Zhou Guanyu will leave at the end of the season. Sao Paulo’s Bortoleto joins from

In this article LCID RIVN STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey

Open Extended Reactions Max Verstappen is on the brink of a fourth world championship title. Mark Thompson/Getty Images Max Verstappen’s incredible win at the Brazil Grand Prix was singled out for praise by Formula 1’s multiple world champions, Lewis Hamilton and Fernando Alonso. Verstappen underlined his credentials as a master of the rain in Sao Paulo,