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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

WASHINGTON – The White House said on Tuesday that President Joe Biden is withdrawing the nomination of the acting head of the National Highway Traffic Safety Administration for the job. Ann Carlson, the agency’s chief counsel, was named acting head of NHTSA in September and formally nominated for the top position in March. She has

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Elon Musk met with China’s Foreign Minister Qin Gang on Tuesday as Beijing pushed to

Associated Press May 30, 2023, 05:40 PM ET CONCORD, N.C. — NASCAR suspended Chase Elliott for one race on Tuesday, one day after the five-time Most Popular Driver and former Cup champion deliberately wrecked Denny Hamlin in the Coca-Cola 600. Hendrick Motorsports said in a statement it will not appeal the suspension and Corey LaJoie

WAIMEA, Hawaii — Toyota North American brand head Dave Christ is fully prepared if the sales of his current top-selling three-row crossover, the Highlander, decline next year. Any losses, Toyota’s group vice president said, will be more than made up by customers moving up to the larger 2024 Toyota Grand Highlander or coming back to

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. Trimming tech Watch Constellation Brands Stick with Ford 1. Trimming tech, as Nasdaq climbs Equities were mixed Tuesday morning, even as positive sentiment around artificial intelligence continued to pull the

May 29, 2023, 10:24 AM ET Alpine took their first podium finish of the Formula One season in Monaco on Sunday and Chief Executive Laurent Rossi, who warned of the consequences of failure after poor opening results, said he was proud of the performance. Esteban Ocon‘s third place in the most glamorous street race of

Elon Musk has two huge companies to run in addition to Tesla, so the billionaire says he generally spends each day “predominantly” focused on only one of them. “My days are very long and complicated, as you might imagine,” Musk said at The Wall Street Journal‘s CEO Council last week. “There’s a great deal of

Associated Press May 29, 2023, 06:21 PM ET INDIANAPOLIS — Josef Newgarden celebrated his first Indianapolis 500 win Sunday night. He cashed in Monday at the race’s annual victory dinner. The two-time IndyCar champ earned a record $3.666 million for the biggest win of his career, an increase of more than $500,000 over last year’s

European auto assembly plants have pulled 42,000 more vehicles out of production this week due to a lack of microchips, according to the newest estimate from AutoForecast Solutions.  But the North American industry, which has made far more chip-related production cuts so far this year, was able to leave its factory schedules unchanged. Chinese production

Associated Press May 29, 2023, 02:32 PM ET INDIANAPOLIS — IndyCar owner Roger Penske says he is certain series officials will investigate what led to a wheel coming loose during a crash in the Indianapolis 500 and sailing over the catch fence and grandstands before hitting a parked automobile. “We haven’t had a wheel come

WAIMEA, Hawaii — As the global online reveal of the redesigned 2024 Toyota Tacoma wound down at a posh seaside tropical island resort here, after the fire dancers had departed the volcano-themed stage, Kevin Hunter sat alone, nearly unnoticed, in the driver’s seat of a white Tacoma with the door open. For a few minutes,

Ryan McGee, ESPN Senior WriterMay 28, 2023, 08:50 PM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year INDIANAPOLIS — What would you do if all your dreams came true? No, for real. If there was only one item left on the checklist

As automakers work to convince dealers and investors that they can generate big profits in the years ahead by charging monthly subscription fees for software-based services, Ford Motor Co. is proving the business model to be more than theoretical — at least with some buyers. Roughly 400,000 customers, or about 12 percent of its total

MONACO – George Russell said friends who texted him congratulations after finishing fifth at the Monaco Grand Prix did not realise he made a mistake which effectively threw away a podium finish. Russell had done 54 laps on the hard tyre when he stopped for intermediates as the rain intensified – his long stint effectively

Michigan dairy farmers and a Canadian distillery plan to transform milk into a $41.1 million investment in biofuels. The Michigan Milk Producers Association, a farmer-owned cooperative of more than 1,000 dairy farmers with two processing plants in the state, created a joint venture with Dairy Distillery, of Ontario, which produces a milk-based vodka called Vodkow.

May 27, 2023, 03:52 PM ET Formula One leader Max Verstappen beat Fernando Alonso to pole position by a slim 0.084s at the Monaco Grand Prix on Saturday and conceded he would like to see the evergreen Aston Martin driver win again. The Spaniard, a two-time world champion like Verstappen, has not won a race

More than 1.8 million Chrysler, Dodge, Jeep and Ram vehicles now alert drivers in the U.S. and Canada of nearby firetrucks, ambulances and road hazards through their Uconnect infotainment system. The idea for the feature came from a hearing-impaired Stellantis employee who nearly collided with an emergency vehicle she couldn’t hear. The employee in 2021

In this article BYDDY ZE594-CN F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion EV battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT — Ford Motor’s largest competition in

Laurence Edmondson, F1 EditorMay 27, 2023, 03:27 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MONACO — Mercedes driver Lewis Hamilton blamed a setup choice he made ahead of qualifying for his sixth-place qualifying position at the Monaco Grand Prix. Although he beat teammate George Russell, who qualified eighth, Hamilton

Staying late at the office. Covering another employee’s shift. Going the extra mile for a customer. Employees at Raymond Chevrolet and Raymond Kia, both in Antioch, Ill., are rewarded with cash bonuses for these efforts — an incentive that owner Mark Scarpelli said has improved employee retention and workplace attitude. Exemplary employee behavior is met

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. Equities rise on hopes for debt deal Watch Ford Stick with Eli Lilly 1. Equities rise on hopes for debt deal Stocks rallied Friday morning, with the S & P

Associated Press May 26, 2023, 02:02 PM ET INDIANAPOLIS — Two-time champion Takuma Sato led a strong showing from the Chip Ganassi Racing quartet in final practice for the Indianapolis 500 on Friday, while Graham Rahal and Katherine Legge worked feverishly to get up to speed before race day. Sato turned a fast lap of

Hyundai Motor Group took another step to complete the puzzle for its new $5.5 billion electric vehicle production hub in southeast Georgia with the announcement Friday of a deal to source battery cells through a $4.3 billion joint venture with supplier LG Energy Solution. The companies will each hold a 50 percent stake in a

DETROIT – A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other automakers’ EV strategies. The tie-up between the two rivals will give Ford owners access to more than 12,000 Tesla Superchargers across the U.S. and Canada, starting early next year. More importantly, Ford’s

Ryan McGee, ESPN Senior WriterMay 26, 2023, 11:34 AM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year Alex Palou, who is 26 years old, will start Sunday’s 107th Indianapolis 500 from pole. Mykal McEldowney-USA TODAY Sports INDIANAPOLIS — Drivers, start your calendars. When

Volkswagen Group and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said on Thursday.  The settlement stipulates that the German automakers pay a civil penalty of $85 million for their unlawful actions, Paxton said. Earlier

Couples Therapy, Orna Guralnik Source: Showtime When I was growing up, my father used to repeat a saying he’d heard as a child from his grandmother: “When money doesn’t come through the door, love goes out the window.” That proverb appears to date back to a 19th century painting by the English artist George Frederick

Associated Press May 22, 2023, 08:56 PM ET INDIANAPOLIS — Stefan Wilson fractured his back during a heavy crash with Katherine Legge in practice for the Indianapolis 500 on Monday, and the injured driver will not be allowed back into his car for the 107th running of “The Greatest Spectacle in Racing.” The two British