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In this article GM Follow your favorite stocksCREATE FREE ACCOUNT When Francisco “Cisco” Mercado saw a bright yellow Chevrolet Camaro play one of the shapeshifting robotic superhero Transformers in the 2009 eponymous movie, he knew he had to have a real-life version. “My wife was sitting with me. I said, ‘We’re going to get that

Jun 21, 2023, 11:28 AM ET Former Formula One world champion Jenson Button has said that Sergio Perez could be looking for another team next year if the Red Bull driver’s recent struggles continue throughout the rest of the season. Perez was in the thick of the championship hunt just a month ago but has

WASHINGTON — ARC Automotive has responded to the latest request by NHTSA as part of the agency’s ramped-up investigation of rupturing airbag inflators manufactured by the Tier 2 supplier. NHTSA on May 31 issued a special order directing ARC to answer written questions under oath and produce additional documents by June 14. The request came

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT CEO of SpaceX and Tesla, and owner of Twitter, Elon Musk, at the Viva Technology conference at the Porte de Versailles exhibition center on June 16, 2023 in Paris, France. Chesnot | Getty Images News | Getty Images Tesla CEO Elon Musk says he is

Daniel Ricciardo has admitted for the first time during his sabbatical year that the dream end to his Formula One career would be a return to racing for the Red Bull team. Ricciardo is currently Red Bull’s third driver, serving as a back-up to Max Verstappen and Sergio Perez, following a tough spell with McLaren.

Global Auto Holdings said Tuesday it plans to buy British car dealership chain Lookers for about 465.4 million pounds ($595 million) in cash. Global Auto Holdings values Lookers at 120 pence per share, a premium of 35 percent to the stock’s closing price on Monday. Global Auto Holdings, an entity related to privately-owned Canadian car

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. ‘Still in sell mode’ Stay bullish on Nvidia Watch Ford 1. ‘Still in sell mode’ Stocks started the holiday-shortened trading week under pressure Tuesday, even as technology companies continued to

Associated Press Jun 20, 2023, 01:00 PM ET CHARLOTTE, N.C. — Trackhouse Racing owner Justin Marks will drive for Kaulig Racing in the Xfinity Series race on the Chicago Street Course next week. It will be the first Xfinity Series start for Marks since 2018. He has 35 career Xfinity starts, including a victory at

WASHINGTON — Trade groups representing franchised car dealers and automakers are asking the U.S. Treasury Department to tie battery sourcing requirements in the electric vehicle tax credit to when the vehicle was manufactured instead of when it was delivered to the buyer. Under a proposed rule issued in March, Treasury defined “placed in service” as

Sony Honda Mobility CEO Yasuhide Mizuno speaks at a news conference in Tokyo, on Oct. 13, 2022. Sony and Honda’s joint mobility venture unveiled a new EV prototype in January. Kiyoshi Ota | Bloomberg | Getty Images Japan is gearing up to be a larger player in the EV space by signing a critical minerals

General Motors plans to spend $920 million to expand its DMAX engine operation near Dayton, Ohio, and prepare for future production of internal combustion powertrain products for heavy-duty trucks. The automaker said it will expand the existing 250,000-square-foot Brookville, Ohio, site by building a 1.1 million-square-foot addition and bring in new equipment and technology. GM

Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Twitter suspended the accounts of Plainsite and its founder Aaron Greenspan, a prolific Tesla and Elon Musk critic, on Tuesday afternoon. Plainsite is an online database that makes state and federal court filings and other public records available

Jun 19, 2023, 12:35 PM ET Red Bull boss Christian Horner recognised after Sunday’s landmark Canadian Grand Prix that his runaway Formula One leaders could win every race this season. “Can we? Yes. Will we? Who knows, because there are so many variables in this game,” Horner told Sky Sports after Max Verstappen took his

Lithia Motors Inc. last week took a significant step toward reaching its expectation to add $4 billion in revenue in 2023 via acquisitions, with the purchase of 14 franchised dealerships from Dennis Ellmer of Priority Auto Group in Virginia. The June 12 Priority Auto acquisition, which included domestic, import and luxury brands, is expected to

In this article MSFT MBG-DE Follow your favorite stocksCREATE FREE ACCOUNT The Mercedes-Benz EQS SUV. Mercedes-Benz Mercedes-Benz and Microsoft are partnering to test in-car ChatGPT artificial intelligence, available to more than 900,000 vehicles in the U.S., the companies announced Thursday. The luxury automaker said the emerging technology will be used for audio requests through its

Associated Press Jun 18, 2023, 05:02 PM ET ELKHART LAKE, Wis. — Alex Palou built on his commanding lead in the IndyCar points standings by winning Sunday at Road America for his third title in his past four events. Palou won for Chip Ganassi Racing by 4.5610 seconds over Team Penske’s Josef Newgarden, who won

Texas Cadillac dealer is the new owner of a 1966 lowrider known as the Snoop DeVille. The car was customized by rapper Snoop Dogg and appeared in 50 Cent’s 2003 music video “P.I.M.P. Remix.” Now, it’s a conversation piece in the newly opened showroom for Frank Kent Cadillac of Arlington. According to TMZ, the dealership

The new Citroën e-C3 model will have a 320-kilometre range and a 57-minute “fast charge” capability. Nurphoto | Nurphoto | Getty Images Stellantis, the third-largest carmaker in the world by revenue, will reveal its first European-made, affordable electric car in mid-October. The new Citroën e-C3 model will have a 320-kilometre range and a 57-minute “fast

Jun 17, 2023, 08:50 PM ET Haas driver Nico Hulkenberg was one of the star qualifiers for the Canadian Grand Prix but a penalty for driving too fast under a red flag has relegated him off the front row of the grid. The penalty moves Aston Martin’s Fernando Alonso up to second position alongside Max

Striking workers at a Constellium aluminum parts plant near Detroit and a Clarios battery plant near Toledo both ratified new contract agreements Friday. Union members at the Constellium plant in Van Buren Township, Mich., represented by UAW Local 174, ended the strike that began May 17. The plant supplies aluminum components to Ford. Workers at

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 Friday’s key moments. Be ready for a sell-off Stick with Ford Don’t invest based on fear 1. Be ready for a sell-off U.S. stocks rose Friday, adding to strong weekly performances for all

Associated Press Jun 17, 2023, 12:38 PM ET ELKHART LAKE, Wis. — Reigning IndyCar champion Will Power shoved Scott Dixon after the two were involved in a crash Saturday that severely damaged both cars during practice at Road America. Dixon, the six-time IndyCar champion, had spun on course and reentered the track ahead of Romain

This month, the Detroit auto show beat back whispers of its potential demise with a bold press release promising that September’s event would have “double the number of brands participating.” While it was good to get confirmation of the Motor City’s 2023 exhibition, the participation claim was dubious on the face of it. Upon further

Simon2579 | E+ | Getty Images Auto insurance premiums have been among the fastest-rising prices for consumers over the past year, according to federal data — a dynamic that might seem at odds with car prices, which are broadly trending lower. So, what’s going on? In short: Auto insurance prices generally track those in the

While car dealerships often lean on their service and parts businesses to maintain profitability, the technicians who do the work can sometimes go unnoticed, overshadowed by a greater focus on vehicle sales. Richmond Ford Auto Group in Virginia was looking to level out the imbalance by recognizing its nearly 60 technicians with individualized banners that

In this article TM 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion

MONTREAL – A bizarre CCTV issue curtailed the first practice session for the Canadian Grand Prix on Friday. Fans were left sat in the grandstands at the Circuit Gilles Villeneuve as F1 teams and drivers watched on waiting for the issue to be fixed. The cameras were not synced correctly to what was happening on

KC Crain, left, Automotive News Group publisher, catches up with Renault Group CEO Luca de Meo at the Automotive News Europe Congress in Paris last week. De Meo outlined how he turned around the French automaker, which suffered an $8.6 billion loss in the first half of 2020 before his arrival in July that year.

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France.  Chesnot | Getty Images Tesla CEO Elon Musk

Jun 16, 2023, 10:57 AM ET Lewis Hamilton has said that Max Verstappen could eclipse his record for Formula One Grand Prix wins in the future. Hamilton is on the verge of signing a contract extension with Mercedes and will have an opportunity to add to his 103 victories at the Canadian Grand Prix this