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Self-driving technology developer Aurora Innovation Inc. is turning to global supplier Continental as it pushes to commercialize autonomous trucks. The two companies said Thursday they have entered into a partnership to design, manufacture and deliver autonomous systems intended for big rigs. They expect those systems to be installed on Class 8 trucks that reach U.S. roads

Huawei’s co-developed Aito electric car brand is now selling an updated version of the M5 model that comes with new driver-assist tech. Bloomberg | Bloomberg | Getty Images BEIJING — Companies in China are playing up assisted driving technology as a way to compete in the hot electric car market. Around the Shanghai auto show

12:23 PM ET Ferrari sporting director Laurent Mekies will replace Franz Tost as boss of the AlphaTauri Formula One team after the 2023 season. Mekies will take over as team principal on a date yet to be determined, with long-serving boss Tost moving into a consultancy role. AlphaTauri, Red Bull’s second F1 team, will also

Group 1 Automotive Inc.’s net income plunged 22 percent for the first quarter even as acquisitions, service business growth and elevated vehicle pricing pushed the dealership group’s revenue to a new quarterly record. Net income for the quarter was $158.4 million, Group 1 reported Wednesday. Revenue increased 7.4 percent to $4.13 billion. Group 1, of

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT – Stellantis is offering voluntary buyouts to more than 33,500 U.S. salaried and

TOKYO – Honda CEO Toshihiro Mibe admits falling behind in the global race for electric vehicles. Now he is outlining a sweeping strategy to “fight back” and rekindle Honda’s mojo. Honda’s radical revamp hinges on new models, better batteries, powerful software and a totally transformed driver interface, along with dedicated EV factories and a completely

Electric vehicles from Tesla photographed in China. The world’s second largest economy is a major player when it comes to the sale of electric vehicles. Vcg | Visual China Group | Getty Images Electric car sales jumped to more than 10 million last year, with China accounting for roughly 60% of the market, according to

10:40 AM ET Formula One will have its first sprint race weekend of the 2023 season at Baku’s Azerbaijan Grand Prix this weekend, albeit with a tweaked format to how it ran in 2021 and 2022. The sprint race was introduced to spice up certain races, offering venues the chance to effectively have three days

Stellantis aims to cut about 3,500 hourly jobs in the U.S. by offering buyouts and retirement incentives to workers ahead of negotiations with the UAW later this year. UAW Local 1264, which represents the Stellantis stamping plant in Sterling Heights, Mich., said in a letter to members that the offers would be made “corporate wide.”

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images Kyle Vogt, CEO and founder of GM-owned autonomous vehicle company Cruise, announced Tuesday that the company’s robotaxis are now running around the clock in San

Southern used-car dealership chain U.S. Auto Sales will keep its retail and supply chain locations closed “for the foreseeable future” and furlough those and other employees without pay, according to a company memo reported by an Atlanta, Ga., TV station. “Although we have been diligently working for some time, including over this weekend, with our

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — General Motors is set to report its first-quarter earnings before the bell Tuesday. GM Chief Financial Officer Paul Jacobson earlier this month said the first quarter

5:15 AM ET Associated Press A German publisher has sacked one of its magazine’s editors and apologized to the family of Michael Schumacher for publishing a fake interview with the Formula One great that was generated by artificial intelligence. Tabloid magazine Die Aktuelle ran a front cover spread promising an exclusive interview with Schumacher, who

Bring your questions to a LinkedIn Live talk at noon Eastern on April 26 on the new EV tax credits and eligible vehicles. Executive Editor Jamie Butters will be joined by Automotive News Washington, D.C., reporter Audrey LaForest, Anne Blair, director of EV policy at the Electrification Coalition, and Robert Simmons, general manager at LaFontaine

Used-car retailer CarMax this year started showing consumers the level of financing they qualify for before they start their online car shopping. The new feature means shoppers using carmax.com and CarMax’s app will know within minutes their specific payment terms and annual percentage rate for used cars in the company’s national inventory. This gives them

Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Tesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday.

The number of vehicles cut from automakers’ production schedules this year because of microchip shortages topped 1 million last week. New losses mounted in Asia and North America, according to the latest estimate by AutoForecast Solutions. The forecasting firm, which has monitored the impact of the global semiconductor shortage since it began more than two

Halfpoint Images | Moment | Getty Images Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental concerns. To that point, 41% of Americans are at least somewhat likely to buy an electric vehicle as their next car, according to a recent poll from the

8:27 PM ET Associated Press TALLADEGA, Ala. — Jeb Burton won his second career Xfinity Series race at Talladega Superspeedway in a Saturday crash-fest that had two red-flag stoppages and took more than three hours to complete. Burton won in double overtime driving for Jordan Anderson Racing, which scored its first career victory when Burton

Chevrolet Corvette E-Ray No. 1 will be Corvette No. 122 for dealer Rick Hendrick. Hendrick paid $1.1 million to buy the first-ever electrified Corvette at the Barrett-Jackson auction in Palm Beach, Fla., this month. It’s only the latest in a string of seven-figure Corvette VIN 001 acquisitions for the 73-year-old collector. In 2022, Hendrick bought

My top 10 things to watch Friday, April 21 1. Truist downgraded Tesla (TSLA) to hold from buy, while lowering its price target to $154 per share, from $245. The firm cited the electric vehicle maker’s “brazen willingness to accept lower product margins.” Meanwhile, Barclays lowered its price target on Tesla to $220 per share,

LOS ANGELES — A California state court jury on Friday handed Tesla Inc. a sweeping win, finding the electric vehicle maker’s Autopilot feature did not fail in what appeared to be the first trial related to a crash involving the partially automated driving software. Tesla has been testing and rolling out an Autopilot and more

In this article AVAV BA.-GB GM P911-DE MBG-DE AMPX Follow your favorite stocksCREATE FREE ACCOUNT Lithium-ion battery performance has hit a plateau in recent years, but a breakthrough in technology promises new heights are soon to be in sight. Batteries made with silicon instead of graphite — the commonly used material in battery anodes today

6:24 PM ET Associated Press Craig Breedlove, who set land-speed records by topping 400, 500 and 600 mph in jet-powered cars nicknamed Spirit of America, has died. He was 86. Breedlove died at his home in Rio Vista, California, on April 4. His wife, Yadira Breedlove, said the cause of death was cancer. Breedlove battled

The industry disruption that followed the COVID-19 pandemic, which left dealership lots bare and shoppers struggling to find cars, has turned the buying process on its head. “Customer service everywhere has gotten significantly worse since the pandemic,” said Matthew Phillips, CEO of Car Pros, a dealership group operating seven stores in California and Washington. “Organizations

In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake

8:14 AM ET James Allison has returned to the role of technical director at the Mercedes Formula One team after switching jobs with Mike Elliott. Team boss Toto Wolff confirmed the news in an interview with Autosport, saying the decision came from Elliott, who took on the role of technical director when Allison became chief

UAW President Shawn Fain on Friday said the union’s relationship with Stellantis has been “fractured” by the company’s decision to indefinitely idle its Belvidere Assembly Plant in Illinois, with the future of the facility a likely flashpoint in upcoming contract negotiations. “When the CEO of the company can fly over here and go to our

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Theo Wargo | Wireimage | Getty Images A rough week for Elon Musk was capped on Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO Elon Musk in an open letter made public on Friday. The

5:10 PM ET Associated Press INDIANAPOLIS — Scott Dixon‘s opinion about Sunday’s crash hasn’t changed, nor has Pato O’Ward‘s respect for the six-time IndyCar champion. Four days after the two drivers tangled in Long Beach, they arrived for the first of two Indianapolis 500 test sessions without speaking to one another. “No,” Dixon said when