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Ben Hasty | MediaNews Group/Reading Eagle via Getty Images The Treasury Department on Friday proposed new rules for determining which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act. While the Treasury Department hasn’t yet said which vehicles are eligible for

8:25 AM ET Indian driver Kush Maini of Campos Racing fought off a strong challenge from Arthur Leclerc of DAMS in a rain-interrupted race to claim his first-ever Formula 2 podium with a third-place finish in the Sprint Race at Albert Park, in Melbourne on Saturday. Maini started from P3 on the grid on prime

Jeep’s electrification plans have at least one dealer charged up to get a new Jeep dealership. Las Vegas dealer Josh Towbin sold his previous Jeep store, but now he wants back in as the brand reshapes its lineup with electrified vehicles. This includes the Recon and Wagoneer S battery-electric vehicles that made appearances at a

In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s closing price of $1.40. Shares fell more

2:45 AM ET MELBOURNE, Australia — Sergio Perez says a technical issue affecting the brake balance on his car was to blame for his early exit in qualifying for the Australian Grand Prix. The Red Bull driver ran wide at Turn 3 after locking up under braking on his first flying lap in qualifying. The

Hyundai and Kia racked up more U.S. sales gains in March, setting records for the month, as inventories continue to improve across the industry. Volume rose 27 percent to 75,404 last month at Hyundai, with retail deliveries increasing 15 percent to 68,312. Hyundai said sales to fleet customers represented 9.4 percent of March volume. The company

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla Semi Courtesy: Tesla Tesla has issued a voluntary recall on the Semi, a first since the company began deliveries of the heavy-duty electric trucks to customers in December 2022. According to recall filings posted on the website of the National Highway Traffic Safety Administration,

9:45 PM ET Holding a sprint race on a street circuit at the Azerbaijan Grand Prix is a “ludicrous” proposition which will cost Formula One teams when they “trash” their cars, Red Bull boss Christian Horner said. Azerbaijan’s Baku City circuit will host the first of Formula One’s six sprint races this season at the

Elon Musk is in tweeting purgatory again. A federal appeals court ruled Friday that the billionaire must delete his 2018 Twitter post suggesting that Tesla Inc. workers could lose stock options if they formed a union, as it violated labor law. The decision is a victory for the National Labor Relations Board and a blow

A driver operates a Daimler Freightliner eCascadia all-electric semitruck during a Meijer delivery in Bath, Michigan, US, on Tuesday, Feb. 14, 2023.  Emily Elconin | Bloomberg | Getty Images The Environmental Protection Agency on Friday said it’s granting California the legal authority to require that half of all heavy-duty truck sales in the state be

9:20 PM ET MELBOURNE, Australia — The FIA has clarified the rules around penalties being served at pit stops so as to avoid a repeat of the confusion over Fernando Alonso’s podium finish in Saudi Arabia. Alonso finished third on track in Saudi Arabia, but received a 10-second penalty after the podium ceremony — demoting

Hyundai Motor Co. will distribute free steering-wheel locks in the US and upgrade anti-theft software on 4 million vehicles after a spate of TikTok-inspired car thefts. The viral videos target Hyundais and Kias that lack an electronic-security feature — called an engine immobilizer — that keeps the car from being started without a key. So

Xpeng showroom in Beijing showing the P7 electric sedan. Vcg | Visual China Group | Getty Images SHANGHAI — Chinese electric car company Xpeng announced Friday it will be rolling out its latest assisted driving software to users in the metropolis of Shanghai, something its U.S. rival Tesla does not offer in China. Previously the

12:06 PM ET In his 17th full-time season in the Cup Series, Denny Hamlin is still searching for that elusive first championship. Michael Allio/Icon Sportswire via Getty Images You can hate Denny Hamlin all you want. If you are a NASCAR fan, you can boo him. If you are a fellow NASCAR competitor, you can feud

Tesla Inc. is looking to build a battery plant in the U.S., according to people familiar with the matter, in what would likely be a controversial arrangement with China’s dominant electric-vehicle battery manufacturer. The EV maker discussed plans involving Contemporary Amperex Technology Co. Ltd. with the White House in recent days, said the people, who

In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters Electric heavy-truck maker Nikola said on Thursday that it plans

6:36 AM ET Lewis Hamilton has praised Brazilian authorities for handing three-time Formula One champion Nelson Piquet a large fine for using racist and anti-gay language in comments about the Mercedes driver. A Brazilian court last week ordered Piquet to pay 5 million Brazilian reals ($953,050) in “moral damages” for remarks about Hamilton in interviews

Luxury electric vehicle maker Polestar is crediting new federal tax rules on EVs with lifting its leasing business. Polestar North America CEO Gregor Hembrough said lease volume on the Polestar 2 fastback had ticked 3 to 4 percentage points higher in mid-March than the prior month. He attributed it to a “very competitive” 36-month lease

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla vehicles parked outside a home with a Tesla Solar Roof on Weems Street in Boca Chica Village, Texas, U.S., on Monday, June 21, 2021. Veronica G. Cardenas | Bloomberg | Getty Images Tesla has only installed 3,000 of its Solar Roof systems in the

5:24 AM ET Former British American Racing (BAR) founder Craig Pollock has confirmed he is looking to enter Formula One with a 50 percent male, 50 percent female team called Formula Equal. Pollock has submitted an expression of interest to racing’s governing body, the FIA, who opened up the process for finding an 11th F1

WASHINGTON — Sen. Joe Manchin said he’s prepared for a fight over how the U.S. Treasury Department might interpret battery production and critical mineral sourcing rules in the Inflation Reduction Act’s consumer tax credit for new electric vehicles. “I think they’re going to try to screw me on this,” Manchin, a West Virginia Democrat, said

11:47 PM ET Australia’s Formula One driver Oscar Piastri has been warned the home-town hype could exhaust him before arriving at the Melbourne circuit. Damon Hill, the F1 world champion in 1996, has cautioned Australians to temper their expectations around Piastri at the grand prix in the Victorian capital. Photo by Bryn Lennon – Formula

NEW YORK — Dealers will make any number of accommodations to sell and service cars in crowded, expensive urban environments. And then there is the multistory monument to dealer innovation that John Iacono and his partners at BRAM Auto Group have built in the Hell’s Kitchen neighborhood on the west side of Manhattan. The tremendously

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Business colleagues sitting at conference table seen through glass wall. Morsa Images | Digitalvision | Getty Images Ford director Kimberly Casiano was the first Hispanic woman to serve on a Fortune 100 top five corporate board. A founding member of the Latino Corporate Directors Association,

It’s a good time to be taking the reins at Mazda as the company lays tracks for electrification and sharpens its focus on its luxury aspirations, according to Tom Donnelly, the new CEO of Mazda North American Operations. Donnelly, 57, will have primary oversight of the U.S. market. Exiting CEO Jeff Guyton, 56, who is

In this article LCID LUCD Follow your favorite stocksCREATE FREE ACCOUNT Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly |

Magna Steyr, the Austrian contract vehicle manufacturer, sees a big opportunity cracking open to finally expand its business model to North America. Automakers large and small are hot to put new EV models on the U.S. market. The problem for many of them is the EV tax credit rules laid down last year by the

Top executives at Toyota‘s North American operations anticipate new-vehicle average transaction prices will break the $50,000 barrier and continue to rise, that demand will outstrip supply again this year even as the supply chain recovers and that there now may be as many as 6 million potential new-vehicle buyers sidelined by inventory and pricing. Speaking

2:46 AM ET Former Formula One world champion Jenson Button said that he suffered heat exhaustion and nearly retired from the race before finishing 18th at his NASCAR debut in Texas on Sunday. The 43-year-old Briton, who won the F1 world championship in 2009, said he feared fainting while driving his Ford Mustang during the

A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc. must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric auto maker’s flagship assembly plant. The trial is scheduled to last five days. Last year,