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Associated Press Sep 3, 2023, 06:01 PM ET PORTLAND, Ore. — Alex Palou is a two-time IndyCar champion with Chip Ganassi Racing following a dominant run Sunday at Portland International Raceway. Palou earned his fifth win of the season to lock up the title with one weekend remaining in the 17-race schedule. It is the
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Hyundai Motor Group and battery partner LG Energy Solution will pour an additional $2 billion into the electric vehicle and battery complex currently under construction near Savannah, Ga., raising the total investment amount to $7.59 billion. LG will assemble battery cells onsite at the EV factory — called Metaplant America — as part of a
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MONZA, Italy — Mercedes boss Toto Wolff feels any moves Formula One makes to cut Red Bull’s dominance would be a step towards WWE-style scripted content. Max Verstappen could win a record 10th straight victory at Sunday’s Italian Grand Prix. The Dutchman’s dominance this year has led to questions about whether F1 should change the
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There was a surge in EV leasing this summer, accounting for 26 percent of all EV transactions in July — up dramatically from 7 percent in December, J.D. Power data shows. But counterintuitively, the brands experiencing an explosion in leasing are the ones ineligible for the U.S. government’s Clean Vehicle Credit incentive. EV lease rates
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Artificial intelligence is helping reduce bias from dealers and lenders who might otherwise underestimate or overestimate a borrower’s income in the auto finance process. Reducing that bias speeds up deals, lowers risk and matches borrowers with the right type of loans, said Jessica Gonzalez, director of auto lending strategy and account management for Informed.IQ. AI,
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Sep 2, 2023, 04:44 AM ET Lewis Hamilton has questioned the strength of Max Verstappen’s Formula One teammates compared to the drivers he’s partnered in his career. The seven times world champion also told Sky Italy that he was “no more impressed” with the Red Bull driver’s achievements than he had been when other champions
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With a Sept. 14 contract deadline approaching, the UAW has accused two of the Detroit 3 of refusing to bargain fairly and the third of insulting workers with a lowball offer. The hostility caught the automakers off guard during what already have been unusually contentious negotiations, heightening fears that the union will call a strike
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The 2023 Formula One racing season is moving forward, with expanded viewing options for American F1 fans across a variety of platforms. After Max Verstappen continued to dominate the competition in the Netherlands, the action heads to Autodromo Nazionale Monza in Italy. When is the Italian Grand Prix? How can I watch? The Italian Grand
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In this article F STLA STLAM-IT GM Follow your favorite stocksCREATE FREE ACCOUNT UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023 Michael Wayland / CNBC DETROIT — United Auto Workers has filed unfair labor practice charges against automakers General Motors and Stellantis to the National
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Associated Press Aug 31, 2023, 11:39 AM ET Linus Lundqvist at last got his full-time IndyCar ride when Chip Ganassi Racing on Thursday announced it had signed the Swedish driver to a multiyear contract. The 24-year-old Lundqvist won the Indy Lights championship in 2022 — a title that came with a scholarship intended for the
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Stellantis has brought its Spoticar used-car platform from Europe to the U.S., giving dealerships an outlet for their certified pre-owned inventory. The website will be a connection point for dealers and consumers. Shoppers can use their ZIP code to browse CPO models from Stellantis brands that meet the company’s requirements. Users also can set up
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Kumar Galhotra, president of Ford Blue, will be a keynote speaker at the Automotive News Congress in Detroit on Sept. 12. Galhotra, who leads Ford Motor Co.‘s gasoline-powered vehicle business, will join a keynote lineup of General Motors President Mark Reuss and Hyundai Motor Co. President Jose Muñoz. The event’s theme is “Investing in Innovation,”
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A federal judge has denied Hyundai and Kia’s $200 million settlement agreement in a multidistrict class action against the automakers following a car theft frenzy that targeted certain model years, ruling that the amount is not enough for some owners. The settlement had offered different awards based on the severity of financial loss, and it
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In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials, the battery and e-waste recycling startup founded by former Tesla CTO JB Straubel, announced Tuesday that it has closed a $1 billion funding round to expand operations in the U.S. The company
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