Jun 5, 2023, 12:41 PM ET Basketball great LeBron James will be the official starter when the 24 Hours of Le Mans sports car race celebrates its centenary this weekend, organizers of the endurance classic said Monday. The Los Angeles Lakers forward, the NBA’s leading career scorer and a four-time champion, joins a list of
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Once at the center of American life, AM radio stands in the middle of a tussle between automakers who want it gone and federal lawmakers who say it is key for emergency alerts during catastrophes. BMW, Mazda, Polestar, Rivian, Tesla, Volkswagen and Volvo do not offer broadcast AM radio in their electric vehicles, citing the
In this article AAP Follow your favorite stocksCREATE FREE ACCOUNT Customer vehicles sit parked outside an Advance Auto Parts automotive supply store in La Grange, Kentucky. Luke Sharrett | Bloomberg | Getty Images Shares of Advance Auto Parts plummeted nearly 30% during premarket trading Wednesday after the company’s first-quarter earnings significantly missed Wall Street’s expectations
Associated Press Jun 4, 2023, 06:21 PM ET DETROIT — Alex Palou started and finished first in the Detroit Grand Prix on Sunday, winning his second IndyCar race in less than a month and the sixth of his career. The Spaniard, who won the Indianapolis Grand Prix, led 74 of 100 laps on Detroit’s new
Fiat has all but faded away in the U.S., but it has a new North American leader whom parent company Stellantis has charged with “providing cool mobility solutions for all.” Fiat could use that cool factor when it reenters the U.S. electric vehicle race in 2024 with the 500e, a model that analysts say can
In this article ALB TSLA Follow your favorite stocksCREATE FREE ACCOUNT Demand for lithium, a key component for electric vehicle batteries, is expected to surge, from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons in less than a decade, according to McKinsey & Company. Albemarle, the world’s top producer of this
Charles Leclerc has said he cannot understand why Ferrari is struggling to get the most out of its Formula One car at the moment. Leclerc finished 11th at the Spanish Grand Prix after qualifying 19th and starting from the pit-lane. Ferrari had made changes to the rear end of his car overnight after his struggles
Housed in an old hangar at the historic Coleman A. Young Municipal Airport in Detroit is the Sigma-6, a sleek $5 million eVTOL aircraft that represents the future of aviation. But the electric vertical take-off and landing machine is running out of runway. Airspace Experience Technologies, the startup behind the aircraft, has burned through nearly
A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. Michael Wayland / CNBC DETROIT — The automotive and logistics industries are no strangers to robots. They’re among the most heavily invested
A veteran automotive retail executive has teamed up with a recognized Kia dealership manager to buy their first stores: three franchised dealerships, plus a used-car lot, in rural Texas. Chuck Kramer, former COO of Foundation Automotive Corp., formed a partnership in February with Kimberly Eakin, general manager of Dennis Eakin Kia in Killeen, Texas. On
In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang Mach-E vehicles at a Ford dealership in Colma, California, on July 22, 2022. Bloomberg | Getty Images After a home, buying a car is the most expensive purchase most consumers will ever make during their lifetime. The transition to electric vehicles by
Laurence Edmondson, F1 EditorJun 3, 2023, 03:18 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MONTMELO, Spain — Charles Leclerc suspects a mechanical issue was to blame for his lack of pace in qualifying for the Spanish Grand Prix. The Ferrari driver will start 19th on Sunday’s grid after finishing
HUNTINGTON BEACH, Calif. — As Volkswagen plans to launch the ID Buzz electric bus tailored specifically for North America in the third quarter next year, regional CEO Pablo Di Si is making one thing clear: He does not want dealers gouging customers. Discussions with Volkswagen dealers on the three-row ID Buzz’s retail plan — including
In this article GM F STLAM-IT Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 with Vermont Sen. Bernie Sanders (far left) in Detroit. Michael Wayland | CNBC DETROIT – The United Auto Workers union appears ready to take a hard
Laurence Edmondson, F1 EditorJun 2, 2023, 01:27 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MONTMELO, Spain — Seven-time champion Lewis Hamilton is concerned he might not make the top 10 in qualifying for the Spanish Grand Prix after he finished Friday’s practice sessions 11th fastest. After he finished fourth
General Motors sees the biggest revenue opportunities from software and services that go beyond what vehicles offer today, rather than charging for features such as heated seats that customers already expect, CEO Mary Barra said Friday. Such software and services represent a major growth opportunity for GM, particularly as they extend beyond a vehicle’s first
Cars are displayed on the sales lot Serramonte Subaru on May 16, 2023 in Colma, California. Justin Sullivan | Getty Images The Federal Reserve’s battle to taper inflation by ratcheting up interest rates is limiting who can afford to purchase a new or used vehicle. The rate hikes have many Americans lowering their buying expectations,
MONACO — Christian Horner downplayed the suggestion of an unbeaten Formula One season after Max Verstappen claimed Red Bull’s sixth straight win at the Monaco Grand Prix. F1 has never seen a team complete a perfect season before — the closest any has come was McLaren in 1988, winning 15 of the 16 races. Editor’s
Kia is a much different company in 2023 compared with five years ago when it focused on value vehicles with a hefty discount. A transformative image overhaul, an emphasis on crossovers — including the three-row Telluride, which is in high demand — and more disciplined incentive spending has helped Kia change consumer perceptions, improve residual
A Li Auto store inside a shopping mall in Yantai, Shandong province on May 6, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. For a third-straight month, Li Auto’s deliveries topped
Laurence Edmondson, F1 EditorMay 29, 2023, 06:47 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MONACO –Mercedes boss Toto Wolff has said he believes any attempt to cap Red Bull’s performance with a change of regulations would ruin Formula One. Red Bull has won all six races so far this
New vehicle inventory might never return to pre-COVID levels, according to Cloud Theory. Both inventory and sales initially plummeted when the pandemic began in March 2020, but while sales recovered rapidly and even surpassed pre-pandemic levels in the ensuing months, inventory continued to droop, falling below 1 million by fall 2021. Inventory has climbed back
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk last visited China in 2020 for the delivery ceremony of the Model 3. His first visit in 3 years saw the Tesla CEO meet with top government officials and speak to staff at the Shanghai Gigafactory. Ding Ting | Xinhua News Agency |
Ryan McGee, ESPN Senior WriterJun 1, 2023, 03:22 PM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year Jenson Button, Jimmie Johnson and Mike Rockenfeller will pilot NASCAR’s Garage 56 entry at this month’s 24 Hours of Le Mans. Chris Graythen/Getty Images “Just a
TOKYO – Japanese electronics and battery giant Panasonic, a key supplier to Tesla Inc., is planning a massive ramp up to quadruple its battery manufacturing capacity and boost the energy density of its battery 25 percent by the end of the decade as it readies for the electric vehicle age. As part of the expansion,
Elon Musk is the wealthiest person in the world again. Michel Euler | AFP | Getty Images Elon Musk is the richest person in the world again, according to Bloomberg Billionaires Index’s updated figures Thursday. The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker
MONACO — Carlos Sainz said he should not have openly criticised Ferrari during the Monaco Grand Prix, even though he still thought after the race his team’s strategy had been needlessly cautious. Sainz was frustrated with his team’s pit call during the dry portion of the Monaco race, when he was hoping to gain a
WASHINGTON — The nation’s top auto safety regulator on Wednesday proposed requiring automatic emergency braking, including pedestrian detection, on all new light-duty vehicles and set minimum performance standards for the systems. If the proposal is adopted, nearly all U.S. passenger cars and light trucks — with a gross vehicle weight rating of up to 10,000
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. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin Sullivan
ESPN News Services May 31, 2023, 02:52 PM ET The owner of the Chevrolet that was damaged during the Indianapolis 500 by the flying tire that came off Kyle Kirkwood‘s car is set to get a new vehicle, according to an Indianapolis Motor Speedway spokesperson. The spokesperson told the Indianapolis Star on Wednesday that Penske
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