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Barring any surprises, used-vehicle market analysts don’t expect to see steeper wholesale price declines in the second half of 2023. Price softening will continue to a degree in July following a second-quarter slump in wholesale used-vehicle prices that “erased” strong first-quarter gains in values, Cox Automotive Chief Economist Jonathan Smoke said during a quarterly call

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.

Jul 19, 2023, 04:31 PM ET Watch the Camping World SRX Series Thursday nights on ESPN. Kathryn Riley/SRX via Getty Images The Superstar Racing Experience (SRX) is back for its third season, and all the action and excitement are coming to ESPN. The Camping World SRX Series is home to some of the biggest names in

Autonomous vehicle developer Aurora Innovation completed a two-part $820 million funding round Friday, giving it badly needed capital and breathing room to continue its quest to get self-driving trucks on the road. The capital raise will help Aurora launch its autonomous trucking business by the end of 2024. It will start with a route between

Send your questions directly to Jim Cramer and his team of analysts at investingclubmailbag@cnbc.com . Reminder, we can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: What are your thoughts on the stability of FORD’s dividend? Thank you, Denise The quickest

Associated Press Jul 19, 2023, 12:48 PM ET IndyCar will implement a new, stronger piece of hardware designed to keep rear wheels attached to the car during a wreck after a tire flew off Kyle Kirkwood’s car and narrowly missed a packed grandstand during the Indianapolis 500. The series said Wednesday that chassis manufacturer Dallara

General Motors is working to open a warehouse for electric vehicle parts at the former American Motors Corp. site in Detroit to serve its nearby Factory Zero assembly plant. The automaker confirmed it will control a new 793,520-square-foot warehouse on the city’s west side, but it will be staffed and operated by Logistics Insight Corp.,

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk‘s multiple ventures and the relationships between them are facing increased scrutiny as the Tesla CEO continues to add more to his

Marshall Pruett, Racing columnistJul 20, 2023, 01:52 PM ET Marcus Ericsson, foreground, and Alex Palou are fourth and first in the IndyCar standings, respectively, and yet both might leave Chip Ganassi Racing after this season. AP Photo/Michael Conroy IndyCar is readying a “hold my beer” moment of epic proportions. The average Formula One or NASCAR silly

Volvo Cars‘ biggest product launch since the XC40 in 2017 is hamstrung by an issue many automakers are grappling with in this age of advanced technology vehicles. Volvo has delayed production of the new electric EX90 crossover to mid-2024 as engineers work to incorporate a key safety technology into the flagship model’s new platform. On

In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Carvana has reached a deal with noteholders to reduce the used car retailer’s total debt outstanding by over $1.2 billion, the company

Laurence Edmondson, F1 EditorJul 20, 2023, 08:43 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 BUDAPEST, Hungary — Daniel Ricciardo said he has fallen in love with Formula One again as he prepares for his return to the grid with AlphaTauri at this weekend’s Hungarian Grand Prix. After being dropped

Numerous industries have been experimenting with the artificial intelligence-driven conversational chatbot, ChatGPT, since it debuted late last year. Users have applied the technology to create fitness and diet plans, write emails and job postings, talk with customers and even write code — with varying degrees of success. Auto dealers are dipping their toes in this

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tata Motors concept EV on show at the India Auto Expo 2023 on Jan. 12, 2023. Anindito Mukherjee | Bloomberg | Getty Images The Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian

Former AlphaTauri driver Nyck de Vries has spoken out for the first time since being sacked by Red Bull. De Vries has been replaced at Red Bull’s junior team by Daniel Ricciardo, effective from this weekend’s Hungarian Grand Prix onwards, and dropped from its driver programme entirely. De Vries, who impressed as a stand in

Despite surging U.S. sales of electric vehicles, the market is cooling for some of the promising startups and legacy automakers that shot to the top of the EV charts last year, according to new registration data from Experian. New EV registrations rose by a healthy 68 percent in the January-to-May period to a record 447,514

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla reports

Formula One boss Stefano Domenicali has called on the sport’s governing body the FIA to hand out sporting sanctions, not financial penalties, to any team that breached the 2022 budget cap. In October Red Bull was given a $7 million fine and a 10% reduction in wind tunnel testing time as punishment for breaching the

LANSING, Mich. — Chevrolet is loading the next-generation Traverse crossover with its first-ever off-road trim, more standard safety features and larger touchscreens. The 2024 Traverse, scheduled to go on sale early next year, has an updated design and a new engine with more horsepower and torque, General Motors said Monday. The redesigned three-row crossover will

We’re raising our eyebrows at Ford ‘s (F) new price cuts on its popular electric pick-up truck. The move appears to challenge the automaker’s claims that the F-150 Lightning is in high demand. Ford announced Monday it will cut prices on the Lightning between 7% and 17% depending on the model. The base, which was

Ford Motor Co. on Monday reduced prices for its F-150 Lightning electric pickups by about $6,000 to $10,000, depending on trim, citing lower material costs and higher production capacity. The price cuts could help the company maintain strong sales when most electric vehicle inventories are rising as production levels outstrip demand. They follow more price cuts

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Watch Morgan Stanley Hold Eli Lilly Buy Ford 1. Watch Morgan Stanley Bank stocks climbed higher Tuesday, as Club holding Morgan Stanley (MS) delivered an earnings beat. Equities more broadly

Red Bull boss Christian Horner said it is clear Daniel Ricciardo’s “golden objective” is to replace Sergio Perez a year-and-a-half from now. Ricciardo has replaced Nyck de Vries at Red Bull’s second team AlphaTauri and will make his F1 comeback at the Hungarian Grand Prix on July 23. Editor’s Picks The Australian driver’s return has

Mercedes-AMG will debut its first performance hybrid crossover following this spring’s redesign of the workhorse GLC model. The 2024 Mercedes-AMG GLC 43 compact crossover will arrive at U.S. stores in early 2024. The 2025 Mercedes-AMG GLC 63 S E Performance will follow later in the year. Mercedes delivered 65,531 GLC crossovers in the U.S. last

CNBC’s Jim Cramer on Monday analyzed Ford Motor‘s move to slash prices for its electric F-150 Lightning pickup truck. Cramer said he thinks the price cuts are due at least in part to the novelty of EVs wearing off for many Americans. Ford announced on Monday it would cut prices for all versions of the

WILMINGTON, Del. — Tesla Inc.‘s directors agreed to settle a shareholder lawsuit challenging their compensation by returning to the company the value of 3.1 million stock options, worth $735 million, according to a Monday filing in a Delaware court. The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2024 Chevrolet Traverse LANSING, Mich. – General Motors on Monday revealed a redesigned version of its popular Chevrolet Traverse crossover with a more truck-like appearance that the company hopes will attract new buyers. The 2024 Chevy Traverse’s exterior features a more sculptured design than the

Shortages of microchips will force automakers around the world to cut another 91,000 vehicles from their production plans this week, according to AutoForecast Solutions. European factories will take the biggest hit, but North American plants are also still coping with inadequate deliveries of chips. The industry has been slowly climbing out of the problem through

Associated Press Jul 16, 2023, 04:30 PM ET TORONTO — Christian Lundgaard won the Honda Indy Toronto on Sunday. It is Lundgaard’s first victory of the IndyCar season. The Dane started the race on the pole but ultimately won because of a failed strategic gamble by Scott McLaughlin and Scott Dixon. IndyCar seasons standings leader

Almost four years after Elon Musk first unveiled Tesla Inc.’s debut pickup, the automaker has built its first Cybertruck at its plant in Austin, Texas. Tesla shared the development Saturday on Musk-owned Twitter, posting a photo of workers in safety vests and helmets obscuring much of the vehicle. When Musk first showed a prototype of