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Hyundai and Kia are under pressure from lawsuits and regulators after a wave of car thefts last year. The wave was prompted by TikTok video that showed how to hot-wire Hyundai and Kia vehicles that lack an anti-theft device. Here’s the fallout by the numbers: 9 million: Hyundai and Kia vehicles on the road without

In this article F TSLA Follow your favorite stocksCREATE FREE ACCOUNT Bill Farley and Elon Musk Getty Images DETROIT – Ford Motor CEO Jim Farley and Tesla and Twitter CEO Elon Musk will host a live, audio discussion via Twitter Spaces about accelerating EV adoption at 5:30 p.m. ET on Thursday, according to a post

Associated Press May 25, 2023, 11:17 AM ET INDIANAPOLIS — IndyCar driver Stefan Wilson had surgery to repair a fractured vertebrae that he suffered in practice for the Indianapolis 500, and car owner Don Cusick said Thursday that he was “in great spirits and feeling better.” Wilson was about halfway through a two-hour practice Monday

UAW President Shawn Fain on Wednesday called the hundreds of workers currently on strike against suppliers Clarios and Constellium an “inspiration” to the union as a whole and vowed to keep supporting them. “All these workers are leading the way for all of us right now,” Fain said in a 30-minute Facebook Live appearance. “Their

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM’s first all-electric Cadillac Escalade will be called the “Escalade IQ,” which continues Cadillac’s EV naming strategy that so far includes the Lyriq crossover and upcoming Celestiq ultra-luxury sedan. GM DETROIT – General Motors on Monday confirmed plans to introduce an all-electric version of its

ESPN staffMay 24, 2023, 11:22 AM ET Facebook Twitter Facebook Messenger Pinterest Email print James Gilbert/Getty Images NASCAR is racing the Coca-Cola 600 on Sunday in Charlotte, North Carolina. Michael Jordan’s 23XI racing team will have two drivers — No. 23 Bubba Wallace and No. 45 Tyler Reddick — in the field for the longest

Li-Metal, a battery materials company based in Canada, says it has produced lithium metal from lithium carbonate, which reduces the number of steps and harmful byproducts involved in refining lithium, a key electric vehicle battery material. The new technology generates lithium metal without the need for an intermediary step that produces lithium chloride. Refining lithium

In this article 9868-HK XPEV Follow your favorite stocksCREATE FREE ACCOUNT A XPeng Inc. G6 electric sport utility vehicle (SUV). The company is hoping the release of the new car will boost sales which plunged in the first quarter. Qilai Shen | Bloomberg | Getty Images Shares of Chinese electric vehicle firm Xpeng dropped on

Marshall Pruett, Racing columnistMay 24, 2023, 01:22 PM ET Despite already being an IndyCar champion, Tony Kanaan’s 2013 Indy 500 win changed his life. Chris Graythen/Getty Images Winning the Indianapolis 500 changes you. For life. There’s no reason to underplay the massive personal value of adding one’s name to the rostrum of triumph at Monaco, Daytona

Florida Governor Ron DeSantis will announce his 2024 presidential campaign in a Twitter Spaces livestream with Elon Musk on Wednesday evening, according to people familiar with his plans. DeSantis will speak with the Tesla Inc. CEO at 6 p.m. ET and the campaign will release a launch video. The decision to launch his campaign alongside

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Elon Musk added to his work portfolio late last year, when he acquired Twitter for $44 billion and appointed himself CEO. While he recently announced a successor for

Associated Press May 23, 2023, 10:28 AM ET INDIANAPOLIS — Two-time Academy Award nominee Adam Driver, who will soon be starring as Enzo Ferrari in a biopic of the Italian automobile magnate, will serve as the honorary starter for the 107th running of the Indianapolis 500 on Sunday. Driver perhaps most famously played Kylo Ren

The state of California has asked the Biden administration to approve its plan to require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, according to a letter seen by Reuters. The California Air Resources Board, which approved the plan in August, asked the Environmental Protection Agency

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. – Ford Motor is making its case to Wall Street at an investor event Monday, sharing details of its plan to profitably build millions of EVs while

Associated Press May 23, 2023, 11:32 AM ET INDIANAPOLIS — Graham Rahal will get a chance to keep his Indianapolis 500 start streak intact after all, replacing the injured Stefan Wilson on Tuesday in the Dreyer & Reinbold entry after failing to qualify for the race with his own team. Wilson was hospitalized with a

Ford Motor Co. said on Monday it signed a long-term deal with Nemaska Lithium for the supply of lithium products, including lithium hydroxide, as the automaker ramps up electric vehicle production to 2 million units by the end of 2026. The announcement comes as the automaker holds an investor day meeting Monday morning. The deal

Ford ‘s (F) new partnerships with top lithium producers give us more confidence that the automaker can accelerate electric vehicle production and reach its global target of 2 million EVs per year by 2026. We’re also encouraged by Ford’s financial roadmap for getting there, which was discussed at Monday’s investor event. Ahead of its Capital

Ryan McGee, ESPN Senior WriterMay 22, 2023, 03:00 PM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year After 26 years of waiting, fans returned to North Wilkesboro Speedway on Sunday to witness the return of the NASCAR Cup Series. Sean Gardner/Getty Images NORTH

DETROIT — Ford Motor Co. expects sales and profit margins from its internal combustion engine vehicles to grow for at least the next two years before the industrywide transition to electric vehicles starts to shrink that business. Executives on Monday laid out their outlook for the company’s gasoline-powered business, known as Ford Blue, as well

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 Monday’s key moments. 1. Stocks mixed Stocks were mixed Monday morning ahead of negotiations between President Joe Biden and House Speaker Kevin McCarthy over raising the debt ceiling . The U.S. government is

Associated Press May 21, 2023, 05:47 PM ET INDIANAPOLIS — Graham Rahal was bumped from the Indianapolis 500 field by Jack Harvey, who used a last-ditch qualifying run Sunday to knock his teammate out of “The Greatest Spectacle in Racing” by a mere .007 mph. The Rahal Letterman Lanigan organization was in a terrible position

About half of gasoline and diesel vehicle owners in the U.S. are considering a hybrid or electric vehicle, consultant KPMG’s consumer pulse summer 2023 survey found. The majority of consumers willing to consider those vehicles expect to purchase one within the next two years, according to the survey released Monday. KPMG surveyed 1,003 people in

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Jim Farley, Ford CEO Ford DETROIT — Ford Motor on Monday will attempt to turn skeptics of its electric vehicle growth plans, which some Wall Street analysts have called “ambitious” and “crazy high,” into believers. The Detroit automaker will host its capital markets day, during

Associated Press May 21, 2023, 06:53 PM ET INDIANAPOLIS — Alex Palou will lead the field to green in the Indianapolis 500 after the young Spaniard put together the fastest four-lap pole run in history Sunday, edging Rinus VeeKay and Felix Rosenqvist to give Chip Ganassi Racing its third consecutive pole in “The Greatest Spectacle

Used-vehicle retail giant CarMax Inc. tops Automotive News’ debut list of retailers by used-vehicle-only sales. Joining CarMax on the inaugural list is a mix of national and regional used-vehicle retailers with high-volume, multistore operations. There are also publicly traded online used-vehicle retailers that gained more prominence in the last decade and grew sales volumes substantially

A 2019 pre-owned Nissan Leaf SV on the lot in 2022 during the chip shortage that depleted stock of new auto inventory. Boston Globe | Boston Globe | Getty Images Affordable EVs have been on sale in the U.S. well over a decade and the data analytics company Experian says about 2.2 million were on

Associated Press May 19, 2023, 02:27 PM ET INDIANAPOLIS — Rarely has someone as accomplished at Indianapolis Motor Speedway as Bobby Rahal looked so uncomfortable there. That will happen when you’re asked about the future of your own kid on your race team. Yet there he sat Friday morning, overlooking the famed yard of bricks

A new manufacturing process developed by supplier giant Magna International Inc. and the Department of Energy’s Pacific Northwest National Laboratory could soon make it possible to reduce aluminum parts suppliers’ reliance on new aluminum. The process — Shear Assisted Processing and Extrusion — allows a company to collect scrap and leftover aluminum trimmings and directly

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, Tesla Corporate Headquarters are seen on January 03, 2023 in Travis County, Texas. Brandon Bell | Getty Images Tesla just kicked off its 2023 annual shareholders meeting at its Austin, Texas factory, on Tuesday with shareholders voting to add former Tesla

Associated Press May 20, 2023, 07:15 PM ET INDIANAPOLIS — Ganassi, Ganassi, Ganassi. It was practically the only name mentioned as the four-car organization returned to Indianapolis Motor Speedway poised to defend last year’s Indianapolis 500 victory. Arrow McLaren Racing pushed it aside on the first day of Indy 500 qualifying. Felix Rosenqvist, a former