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German parts supplier ZF Group signed a multiyear contract with a major producer of semiconductors to secure millions of silicon carbide chips that will be integrated into its upcoming inverter platform for electric vehicles. ZF will have Swiss chipmaker STMicroelectronics supply “double-digit millions” of the chips starting in 2025, according to a news release. ZF

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford display at the New York Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT – Ford Motor will invest 1.8 billion Canadian dollars (about $1.3 billion) in its Oakville Assembly Plant in Ontario, Canada, to transition the facility into a new electric vehicle

7:45 AM ET Christian Horner has dismissed suggestions legendary car designer Adrian Newey will leave Red Bull for a rival team. Newey is considered the best technical mind of the modern Formula One era, having designed championship winning cars for Williams, McLaren and Red Bull, who he joined in 2006 and where he is currently

The U.S. Court of Appeals for the 4th Circuit on Wednesday affirmed a lower court’s decision that bundling Guaranteed Asset Protection coverage does not make an auto loan subject to the Military Lending Act, or MLA. Two of the three appellate judges at the Richmond, Va., court ruled that based on the MLA’s language, a

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2024 Chevrolet Silverado HD ZR2 GM DETROIT — General Motors will continue to test the price ceiling of its highly profitable full-size pickup trucks as it spends billions to transition to all-electric vehicles. The latest model revealed Thursday is the Chevrolet Silverado HD 2500 ZR2,

9:42 AM ET ESPN News Services World Rally Championship driver Craig Breen has died after a crash in a pre-event test in Croatia, Hyundai Motorsport said in a statement Thursday. Breen was 33. The team said co-driver James Fulton was unharmed in the incident just after midday local time. Motorsport.com reported that Breen’s car went

Volkswagen‘s off-road brand Scout Motors studied 74 different parcels of land across the U.S. last summer as it hunted for a place to build a $2 billion assembly plant. It quickly eliminated almost all of them. In one case, they learned it would take six years to build a needed rail link. Others lacked access

In this article LCID LCID Follow your favorite stocksCREATE FREE ACCOUNT With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Luxury electric vehicle maker Lucid Group said late Thursday that it produced 2,314 of its Air sedans in the first quarter. But it

9:11 AM ET Long Beach is one of the most picturesque stops on the IndyCar calendar. Greg Doherty/Getty Images You’ll find Roscoe’s House of Chicken and Waffles located two blocks off the Long Beach Grand Prix’s landmark Turn 11 hairpin corner. Not only is Southern California’s sweet and savory cultural tentpole a longstanding fixture in movies,

Nissan’s U.S. sales to rental companies swung skyward in the new year, despite tight retail supply and a vow to dial down the fleet business. The automaker‘s first-quarter fleet sales spiked 83 percent to 67,577, compared with a 36 percent increase for the overall industry, per TrueCar estimates based on data through mid-March. TrueCar forecasted

Chinese ride-hailing giant DiDi debuted the DiDi Neuron, a concept robotaxi. It has an arm in the back to pick up luggage or wake up sleeping passengers. DiDi is working with Chinese carmakers to develop its own autonomous taxis which it is aiming to put into service in 2025. DiDi Global DiDi Global on Thursday

6:22 PM ET Associated Press CONCORD, N.C. — Chase Elliott will return to racing this weekend at Martinsville Speedway after he missed the past six NASCAR Cup races with a broken left leg. The 27-year-old Elliott was injured in a snowboarding accident in Colorado in early March. The 2020 Cup Series champion rehabilitated in Colorado

The 2024 Acura Integra Type S will go on sale in June offering performance enthusiasts distinct and aggressive styling as well as 320 hp from a turbocharged 2.0-liter inline four-cylinder engine. The engine is the same one used in the Honda Civic Type R, but with 5 more horsepower thanks to center-mounted exhaust outlets on

Lamborghini’s quick sellout of its new $600,000 hybrid supercar is proof that wealthy car buyers are still spending, according to the CEO. Lamborghini already has a waiting list and two years worth of orders for the Revuelto, its first ever plug-in hybrid that was launched last month, CEO Stephan Winkelmann told CNBC. The orders come

9:43 AM ET Ferrari boss Fred Vasseur does not think Red Bull’s windtunnel penalty will have a meaningful impact on the team’s Formula One advantage this year. Red Bull was fined $7 million and lost 10 percent of its aerodynamic testing time after being deemed to have breached the 2021 cost cap. Windtunnel time is

LOS ANGELES — Electric vehicle brand Polestar has unveiled a certified pre-owned program to help drive business to its product-starved retailers. The program launches as the first Polestar 2 electric sedans are coming off their 36-month leases. Polestar North America CEO Gregor Hembrough called the CPO program a “coming of age” moment for the Swedish

U.S. President Joe Biden gestures after driving a Hummer EV during a tour at the General Motors ‘Factory ZERO’ electric vehicle assembly plant in Detroit, Michigan, November 17, 2021. Jonathan Ernst | Reuters The U.S. Environmental Protection Agency on Wednesday proposed new tailpipe emissions limits that could require as much as 67% of all new vehicles

Edward Brown III, a former banking executive who spent the last decade of his career leading Hendrick Automotive Group as CEO, died April 3 at age 74. Brown had non-Hodgkin lymphoma, according to an obituary published by the Charlotte Observer. Brown joined Hendrick Automotive, one of the country’s largest dealership groups, in 2010 as its

Walt Disney (DIS) is facing skepticism from Wall Street over its streaming strategy and softer growth at its parks, while Ford Motor (F) is expanding its electric vehicle production. Here’s the latest news on these two Club holdings — and our take, too. Walt Disney The news: Guggenheim on Tuesday lowered is price target on

DETROIT — Three top North American purchasing executives and two top supplier CEOs are scheduled to speak during a June 12 roundtable discussion as part of a longtime charity golf outing in suburban Detroit. The Executive Supply Chain Roundtable is set to begin at 9 a.m. at Indianwood Golf & Country Club in Orion Township,

A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021.  Andrew Kelly | Reuters Nearly half of Americans in a new poll say it’s unlikely they would purchase an electric vehicle as their next car, citing the lack of charging options and the high costs as the

About one-third of customers paid more than sticker price for a new vehicle in December 2022, sales which GfK research indicates might cost the retailer — or manufacturer — repeat business from some of those customers. Twenty-seven percent of customers who paid more than sticker told GfK they would never buy that brand of vehicle

In this article 1211-HK Follow your favorite stocksCREATE FREE ACCOUNT BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC SHENZHEN, China — Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides

Volkswagen Group’s choice of Ontario for a new battery cell manufacturing plant puts Canada in contention to land an additional auto assembly operation, as the German automaker’s luxury brand Audi weighs establishing a new North American site to build electric vehicles, auto analysts say. A Canadian assembly plant to complement the planned battery site in

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. Labor costs still elevated Watch Caterpillar Buy Ford 1. Labor costs still elevated Stocks ticked lower Monday. It was the first regular trading session since Friday’s jobs report from the

Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington. Tesla will manufacture Megapack large-scale energy-storage units in the new facility, which adds to its factory for electric vehicles in Shanghai. Tesla made the announcement at a signing ceremony for the

The latest moves to clarify whose electric vehicles will get a federal tax credit are also revealing something the auto industry probably doesn’t think much about: The larger aim of last year’s Inflation Reduction Act is really to bolster American national security. In that context, the Biden administration’s fast passage of a U.S.-Japan trade agreement

WASHINGTON — U.S. safety authorities said on Friday they are investigating whether an advanced driver assistance system was in use when a Tesla struck a 17-year-old student that exited a school bus in North Carolina. The National Highway Traffic Safety Administration said Friday it would open the special crash investigation into a incident in which

In this article F Follow your favorite stocksCREATE FREE ACCOUNT A Ford Lighting pickup is displayed outside the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters DETROIT – Ford Motor on Tuesday reported a roughly 10% increase in its quarterly U.S. sales, led by

SAN FRANCISCO — A California Tesla owner on Friday sued the electric carmaker in a prospective class-action lawsuit accusing it of violating the privacy of customers. The lawsuit in the U.S. District Court for the Northern District of California came after Reuters reported on Thursday that groups of Tesla employees privately shared via an internal