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In this article STLA GM F Follow your favorite stocksCREATE FREE ACCOUNT During a Facebook Live on Aug. 8, 2023, UAW President Shawn Fain Screenshot The leader of the United Auto Workers on Tuesday adamantly defended lofty demands for the union’s members who work for the Detroit automakers, while calling recent contract proposals from Stellantis

Associated Press Aug 8, 2023, 02:46 PM ET STATESVILLE, N.C. — Mike Rockenfeller, a two-time Le Mans winner, has been chosen to replace suspended driver Noah Gragson in the next two NASCAR Cup Series races. Legacy Motor Club CEO Cal Wells announced Tuesday that Rockenfeller will be in the No. 42 Chevrolet this week at

Rivian Automotive Inc. sees continued strong demand for its electric R1T pickup and R1S crossover and will not join EV rivals such as Tesla Inc. and Lucid Motors in cutting prices to stimulate sales, CEO RJ Scaringe said on the startup’s second-quarter earnings call Tuesday. “We take a very methodical and thoughtful approach to how

Mahindra atom electric car at Auto Expo 2020, on February 5, 2020, in Greater Noida, India. Pradeep Gaur | Mint | Hindustan Times | Getty Images Mahindra Group isn’t worried about global players like Tesla entering India’s highly competitive electric vehicle market, its CEO and managing director Anish Shah told CNBC. “We’ve seen tremendous competition

Associated Press Aug 8, 2023, 04:38 PM ET INDIANAPOLIS — IndyCar driver Linus Lundqvist will replace the injured Simon Pagenaud in Saturday’s Indy Grand Prix, Meyer Shank Racing announced Tuesday. Lundqvist will again be driving the No. 60 Honda as a teammate of four-time Indianapolis 500 winner Helio Castroneves. Lundqvist was among the 12 fastest

All of General Motors‘ electric vehicles could soon become backup home generators. The automaker plans to offer bidirectional charging on all of its EVs by 2026, starting with the 2024 Chevrolet Silverado EV RST this year. Bidirectional charging allows the EV to send energy from its battery to other sources, such as a house. GM’s

Lucid Motors expects better sales in the second half through price cuts, deliveries to Saudi Arabia and the launch of new versions of its sole vehicle, the Air sedan, executives said Monday. CEO Peter Rawlinson said Lucid will soon begin delivering Air models to the Saudi market as part of an agreement with the government

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Justin Sullivan | Getty Images Luxury electric vehicle maker Lucid Group reported its second-quarter earnings on Monday. Here are the key numbers: Loss per share: 40 cents.

HOLLAND, Mich. — LG Energy Solution is positioning its growing operation in Holland to become the company’s North American headquarters as it scales up battery manufacturing across the country. The designation could bring an influx of white-collar and senior-level positions, building on the hundreds of advanced manufacturing jobs LG Energy Solution Michigan is creating here

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Zachary Kirkhorn, CFO, Tesla Source: Tesla Tesla‘s chief financial officer, Zach Kirkhorn, stepped down from his position, effective Aug. 4, the automaker announced Monday morning in a regulatory filing. Tesla’s chief accounting officer Vaibhav Taneja was appointed as the new CFO and will hold both

Join us at noon Wednesday, Aug. 9, for a LinkedIn Live chat with Stephen Dietrich, partner at Holland & Knight, as he talks about the dealership buy-sell market. He will be joined by Executive Editor Jamie Butters and Retail Senior Editor Melissa Burden as they discuss dealership merger and acquisition activity in 2022 and what

VinFast LLC’s EV VF8 vehicles. Linh Pham | Bloomberg | Getty Images Vietnam’s electric vehicle market appears poised for rapid expansion in the next decade, but there could be significant headwinds blunting that growth. According to BMI Research, a Fitch Solutions research unit, passenger EV sales in the country is expected to at least double this year.

Associated Press Aug 6, 2023, 03:17 PM ET NASHVILLE, Tenn. — Kyle Kirkwood easily held off Scott McLaughlin over a final four-lap shootout and won the Music City Grand Prix on Sunday for his second career victory. The 24-year-old from Jupiter, Florida, started eighth and led a race-high 34 laps. He appeared poised to race

SAN FRANCISCO — Electric vehicle maker Lucid Motors cut prices of its Air luxury sedans by as much as $12,400 as part of an offer, it said on Saturday, amid rising competition in the U.S. EV industry and a price war sparked by Tesla Inc. Lucid reduced the price of the Air Pure by $5,000

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor Co. fuel powered F-150 trucks under production at their Truck Plant in Dearborn, Michigan on September 20, 2022. Jeff Kowalsky | AFP | Getty Images Ford Motor said that its U.S. sales rose 5.9% in July from a year ago, as demand for

Associated Press Aug 5, 2023, 08:40 PM ET NASHVILLE, Tenn. — Scott McLaughlin won his second straight pole Saturday at the Music City Grand Prix and the first on a street course this season for Team Penske. The New Zealander, currently fifth in the points race, will be looking for his second win this year

The Consumer Financial Protection Bureau on Wednesday sued the servicing arm of U.S. Auto Sales, alleging USASF Servicing cost consumers more than $10.1 million by mishandling guaranteed asset protection refunds, double billing for collateral protection insurance and failing to apply excess customer payments to interest. The U.S. Northern District of Georgia lawsuit also alleged USASF

Lorenzo Di Cola | Nurphoto | Getty Images Social network Twitter, recently rebranded as X, has commandeered the handle “@music” from open-source software developer Jeremy Vaught, who told CNBC he created the account in 2007, and had built a community of around half a million followers there. While Elon Musk-led X gave Vaught no choice

Canadian union Unifor officially opens contract talks with the Detroit 3 automakers in Toronto on Aug. 10. The latest round of contract negotiations comes as Ford, General Motors and Stellantis commit billions of dollars to new battery production plants and electric vehicle retooling projects at vehicle assembly sites throughout North America, including plants across the

An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Global electric vehicle makers are tapping advanced technology to vie with each other and domestic brands in the intensively competitive Chinese market. China is the world’s largest EV market

CarGurus unexpectedly delayed reporting its second-quarter earnings on Thursday, sending the vehicle listing company’s stock plunging after it issued a statement that offered few details behind the decision. Shares of CarGurus slipped 16 percent to close at $18.09 on Friday. CarGurus, of Cambridge, Mass., had been scheduled to release financial details and hold its quarterly

In this article FSR Follow your favorite stocksCREATE FREE ACCOUNT Fisker began deliveries of its battery-electric Ocean SUV in the second quarter of 2023. Courtesy: Fisker Electric vehicle startup Fisker on Friday reported a second-quarter loss that was narrower than expected, despite struggling to get the electric Ocean SUV into full production during the period

Electric truck maker Nikola Corp. said on Friday that Michael Lohscheller will step down as CEO less than a year after taking over the job and would be replaced by industry veteran Stephen Girsky at the end of the month. Shares of the Phoenix, Ariz.-based company fell about 9 percent in trading before the bell.

In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a “family health matter.” Nikola’s current board chair, former General Motors vice chairman Steve Girsky, will take over as CEO. Lohscheller

Associated Press Aug 3, 2023, 06:57 PM ET NASHVILLE, Tenn. — IndyCar loves racing through the streets of Music City so much that the series is making Nashville the final race of the season and the stage for its annual awards starting in 2024. Mark Miles, president and CEO of Penske Entertainment Corp., announced Thursday

DETROIT — The UAW is seeking from the Detroit 3 automakers a more than 40 percent pay raise for its workforce, according to people with knowledge of the union’s demands. The gains would include a 20 percent raise upon ratification, followed by 5 percent raises each year of the four-year deal, according to the people,

In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Tre BEV Courtesy: Nikola Electric truck maker Nikola won shareholder approval to issue new stock, the company said late on Thursday. The vote paves the way for Nikola to raise additional funds to support the launch of its fuel-cell-powered electric Tre semitruck and the buildout

Hazel Southwell Aug 3, 2023, 09:11 AM ET Kalle Rovanperä became the World Rally Championship’s youngest-ever champion when he won the 2022 title at 22 years old. Jaanus Ree / Red Bull Content Pool The motorsport world is full of ridiculously young defending world champions. Max Verstappen defending a second title at 25 years old, though,

Tesla Inc.’s China deliveries slumped in July to the lowest level this year, as the electric vehicle maker struggles to attract buyers despite price cuts and other incentives. The company’s Shanghai plant delivered 64,285 cars last month, a 31.4 percent drop from June, according to preliminary data published by China’s Passenger Car Association on Thursday.

In this article XPEV 9868-HK Follow your favorite stocksCREATE FREE ACCOUNT An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Xpeng shares fell around 5% on Wednesday after the company announced its head of autonomous driving will leave