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In this article Follow your favorite stocksCREATE FREE ACCOUNT VinFast is set to break ground on its delayed U.S. factory on Friday. Steve Russell | Toronto Star | Getty Images Vietnam’s VinFast will begin construction on its electric vehicle factory in North Carolina on Friday morning local time, the Vietnamese automaker confirmed with CNBC. “We

Ford Motor Co. on Thursday posted second-quarter net income of $1.9 billion and increased its forecast for the year but said it expects to lose $1.5 billion more on electric vehicles than previously projected. Revenue jumped 12 percent to $45 billion, and net income nearly tripled from a year earlier. Ford’s adjusted earnings before interest

In this article F F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday pushed

Ryan McGee, ESPN Senior WriterJul 27, 2023, 08:24 AM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year To celebrate NASCAR’s 75th anniversary, we’re detailing our 75 favorite things about the pinnacle of stock car racing. Illustration by ESPN We are closing in on

UAW President Shawn Fain this month criticized Stellantis CEO Carlos Tavares for not attending the opening of contract negotiations that he calls “the most critical set of bargaining in this company and our workers’ history.” Tavares on Wednesday defended his absence, saying he doesn’t need to be everywhere and has a “very powerful leadership team

Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC’s Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the “timely introduction of high-value product[s] that are as competitive as fast-growing local brands, at [an] attractive

The Federal Reserve on Wednesday increased its benchmark rate target 0.25 points to 5.25-5.5 percent, a decision that could leave auto dealerships and customers coping with higher interest rates on auto loans. It is the highest U.S. central bank policy rate in 16 years. The Federal Reserve’s benchmark interest rate decisions affect the price lenders

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. In Grünheide near Berlin, a maximum of 500,000 vehicles per year are to roll off the assembly line starting in July 2021. Julian Stahle | picture alliance | Getty Images The

TOKYO – Nissan has agreed to invest up to 600 million euros ($663 million) in Renault’s electric vehicle spinoff Ampere under a finalized deal to restructure the companies’ longstanding alliance. In announcing the rebalanced partnership in a statement on Wednesday, Renault and Nissan said they plan to complete the “definitive agreements” in the fourth quarter of

Scott Mlyn | CNBC Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9

WASHINGTON — Auto safety and consumer advocates on Tuesday urged Congress not to advance autonomous vehicle legislation that they say lacks “common sense” safeguards and regulations to protect road users. “With nearly 43,000 people killed on our nation’s roadways in 2021, it is clear that we need our leaders and policymakers to advance proven solutions

Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the national inflation rate and among the largest annual price increases of any household good or service. So, what’s driving up prices? It’s a combination of

Laurence Edmondson, F1 EditorJul 23, 2023, 12:16 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 BUDAPEST, Hungary — Lando Norris accidentally broke Max Verstappen’s winner’s trophy at the Hungarian Grand Prix after some overexuberant celebrations on the podium. Verstappen won Sunday’s race by over 30 seconds from Norris, who took

Join us at noon Thursday for a LinkedIn Live chat on the 2023 UAW contract talks with Arthur Wheaton, director of labor studies at Cornell University. The discussion, where we will take questions from the audience, will also be simulcast on Facebook. Wheaton will be joined by Automotive News Executive Editor Jamie Butters and Staff

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government

Laurence Edmondson, F1 EditorJul 23, 2023, 02:09 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 BUDAPEST, Hungary — The performance of Max Verstappen and Red Bull is in a different category compared to the rest of the Formula One field, Mercedes team principal Toto Wolff said on Sunday. Verstappen won

Hyundai Motor Co. wants to speed up completion rates of a software patch that will protect its vehicles targeted by thieves following a national social media-driven crime wave. The automaker is staging a mobile service center in Washington, D.C., this week for owners of the affected vehicles residing within 25 miles of Robert F. Kennedy

My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United States’ second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6

Associated Press Jul 23, 2023, 04:41 PM ET NEWTON, Iowa — Josef Newgarden got one win on Saturday, but he said it felt like “50% of the battle.” Newgarden completed the doubleheader sweep he wanted at a track where he’s had plenty of success, winning the IndyCar Series race Sunday at Iowa Speedway. Newgarden, who

Stellantis and Samsung SDI are teaming up on a second battery plant in the U.S. as the automaker works to develop a supply chain to support its electric vehicle ambitions. The companies, already building a battery plant in Kokomo, Ind., that begins production in 2025, have signed a memorandum of understanding to build another facility

In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier Blas | Bloomberg | Getty Images When BlackRock, the world’s largest asset manager, announced this week it was adding the head of the world’s largest

Jul 23, 2023, 04:53 PM ET Red Bull boss Christian Horner heaped praise on Sergio Perez on Sunday after the Mexican raced from ninth to third at a Hungarian Grand Prix that delivered his Formula One team a record 12th win in a row. The podium was Perez’s sixth from 11 races, a tally that

FRIEDRICHSHAFEN, Germany — Holger Klein, CEO of ZF Friedrichshafen, said young automotive brands such as Tesla, Nio, Xpeng and Lucid are pushing the old German supplier in a different way than traditional automakers. “They have a different expectation on speed,” he said. “Speed is king.” The emerging brands want ZF’s newest technologies as quickly as

Artificial intelligence is making a big effect on the auto industry. Revenue from sales of autonomous vehicles is anticipated to top $70 billion by 2033, according to Future Market Insights. But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production.  related investing news This

BUDAPEST, Hungary — Lewis Hamilton admitted he’s been below his usual standard for over a year, despite a fleeting feeling of returning to his best at the Hungarian Grand Prix. Hamilton beat Max Verstappen to a sensational pole position on Saturday but had dropped to fourth by the end of the opening lap, after being

The definitive guide for all new, redesigned, freshened and re-engineered vehicles hitting the market over the next five years just got an update. Our annual Future Product Pipeline coverage now includes an interactive tool that allows you to filter our vehicle database by brand, segment, powertrain, year and type of update. The new feature adds

In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and

Associated Press Jul 22, 2023, 05:36 PM ET NEWTON, Iowa — Josef Newgarden understands what comes with the success he has had on the ovals in the IndyCar Series. And he knows what everyone thinks when he shows up at Iowa Speedway. “There’s a pressure that’s on us when we show up here, and that’s

Amazon. The COVID-19 pandemic and its aftereffects. Digital retailing. The microchip shortage. These things and more persuaded the management at Florida’s Qvale Auto Group that it was time to reinvent its dealership business model. The goal: Bring buying and servicing a car in line with the convenience that consumers are experiencing at other retail businesses.

In this article GM TSLA Follow your favorite stocksCREATE FREE ACCOUNT Chevrolet Bolt at EPA’s National Fuel and Emissions Lab How far an electric vehicle can drive on a single charge is one of the most closely watched numbers in the automotive world. The official government process used to test and certify those ranges has