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Tesla Inc. CEO Elon Musk confirmed Wednesday that the automaker will build a new assembly plant in Mexico. “We’re excited to announce the next Tesla Gigafactory will be in Mexico near Monterrey,” Musk said at the company’s Investor Day event at its Austin, Texas, factory. Monterrey is the capital of the Mexican state of Nuevo

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaks at Tesla’s 2023 investor day on March 1. Screenshot Electric vehicle maker Tesla hosted a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans

9:54 AM ET Susie Wolff, former principal of the Venturi Formula E team and wife of Mercedes boss Toto Wolff, has been appointed managing director of the new all-female Formula One academy, F1 said on Wednesday. The new series aims to help young female drivers move up the motorsport ladder. No woman has started a

SUNNYVALE, Calif. — Mercedes-Benz this year became the first automaker in the U.S. to say it plans to sell an advanced driver-assistance system that allows motorists to drive eyes-and-hands-free in certain traffic conditions. But the company is aiming for an even more sophisticated Level 4 technology that would enable a vehicle to drive without human

The exterior of an Aston Martin store. Jeremy Moeller | Getty Images News | Getty Images LONDON — British luxury carmaker Aston Martin Lagonda forecasts better profitability this year, after widening its 2022 pretax losses on the back of a weakening U.K. currency. The company more than doubled year-on-year pretax losses to £495 million ($598

9:53 AM ET Formula One drivers can help steer the sport away from a “moral vacuum” by speaking out at season-opening races in Bahrain and Saudi Arabia, human rights campaigners said on Tuesday. Paul Scriven, a member of Britain’s House of Lords, told a news conference organised by the London-based Bahrain Institute for Rights and

Rivian Automotive Inc. CEO RJ Scaringe said the automaker is not joining the electric vehicle price battle started by Tesla Inc. this year because of Rivian’s robust order backlog and the overall value of its vehicles at current price levels. “We feel confident in the value proposition of what we’re delivering at our pricing levels today,” Scaringe

In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500

8:37 AM ET Associated Press Marco Andretti will attempt to defend the only professional championship of his career when he returns this summer to Superstar Racing Experience, the all-star series created by Tony Stewart. Andretti was among five IndyCar drivers named Tuesday to the series, which last week confirmed Stewart would return to run the

Tesla Inc. will build a new plant in Monterrey, Mexico, the nation’s president announced, ending weeks of speculation over where the maker of electric cars would choose to operate in the country. President Andres Manuel Lopez Obrador said Tuesday that the company will build the plant with a series of commitments to address the problem

A mechanic working on an electric car at a garage in Carquefou, France, in November 2022. The EU is looking to increase the number of EVs on its roads in the coming years. Loic Venance | AFP | Getty Images From seatbelts to airbags and radios to parking sensors, today’s cars are packed with innovations

Electric-vehicle startup Fisker Inc. on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares up 30 percent to $7.40. EV makers, like the broader auto industry, have been struggling with production bottlenecks sparked by the pandemic and many now face waning demand amid

In this article FSR FSR Follow your favorite stocksCREATE FREE ACCOUNT Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric

Feb 26, 2023 SAKHIR, Bahrain — After three days of testing in Bahrain, Formula One is just seven days from the first race of the new season on March 5. The single preseason test ran remarkably smoothly for the vast majority of teams, but it was clear by the evening of the final day that

Québec-based Uni-Select, Canada’s largest supplier of automotive refinish, industrial paint and more than two million replacement parts in the auto industry, is being purchased by U.S.-based LKQ Corp. for about $2.1 billion (USD) in cash. Based in Chicago, LKQ supplies aftermarket and recycled parts, focusing mainly on RVs, trucks and off-roading, towing, speed and performance, wheels, tires

In this article TSLA HYU-FF TM BMWB-FF Follow your favorite stocksCREATE FREE ACCOUNT This image, from September 2021, shows a BMW iX5 Hydrogen in Munich, Germany. Krisztian Bocsi | Bloomberg | Getty Images The BMW Group on Monday launched a pilot fleet of hydrogen vehicles, with the German automotive giant’s CEO referring to hydrogen as

Feb 23, 2023 SAKHIR, Bahrain — Reigning world champion Max Verstappen started the 2023 Formula One season where he left off in 2022 by topping the first morning of testing in Bahrain. The Red Bull driver set a 1:32.959 — 2.5 seconds off last year’s pole position time at the same circuit — as all

It’s the end of an era for one of America’s most colorful automotive retailers. The family of Cal Worthington, who died in 2013 at 92, is selling the last dealership bearing his name, Worthington Ford in Long Beach, Calif. Worthington became famous for airing commercials featuring loony antics with “My Dog Spot.” The hook was

In this article NKLA NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Two truck Source: Nikola Motor Company Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday. The system, made by Plus and called PlusDrive, is similar to the highway driving

Feb 23, 2023 Ferrari have moved their Formula One head of strategy Inaki Rueda out of the line of fire with Ravin Jain taking the high-pressure role on the pit wall for the season starting in Bahrain next week. A team spokesperson said Jain, an Oxford physics graduate who joined the team in 2016, would

As General Motors introduces newer and longer touch screens in its vehicles, it also may have found a way to wipe away fingerprints and other oily residue that users leave behind — without the help of a human. The automaker recently patented a process that would use light from violet micro-LEDs — alongside the red,

In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, generating revenue that fell well short of Wall Street’s expectations. Nikola said it made a series of

7:58 PM ET Associated Press FONTANA, Calif. — NASCAR postponed the Xfinity Series race at Fontana to Sunday night because of steady rain at Auto Club Speedway on Saturday. Practice and qualifying sessions for both weekend races at Fontana had already been canceled because of consistent, heavy rain from an extraordinary Southern California storm. The

Stellantis CEO Carlos Tavares’ 2022 pay fell 14 percent to 14.9 million euros ($15.71 million), the maker of Jeep, Ram, Dodge and Fiat vehicles said in a filing on Friday. Tavares did not receive a retention bonus in 2022, compared with a bonus of about 2 million euros in 2021, the filing showed. Stellantis reported

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.

Feb 23, 2023 SAKHIR, Bahrain — Reigning world champion Max Verstappen topped the opening day of preseason testing as Formula One returned to action in Bahrain. The three-day test at the Bahrain International Circuit is the only chance teams will have to run their cars on track ahead of the opening race at the same

Toyota has taken a more multipronged approach to carbon reduction than some of its peers, blending EVs with hybrids and other green technologies. Gill Pratt, chief scientist at Toyota Motor Corp. and CEO of the Toyota Research Institute will join Automotive News for a LinkedIn Live chat at noon Eastern on Feb. 28 to discuss

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Luxury electric vehicle maker Lucid appears to have a demand problem. The company said during its fourth-quarter

5:18 AM ET The Haas Formula One team reckon they will save $250,000 (£207,914) in freight costs this season after slimming their pitwall perch down to a three-seater. The U.S.-owned outfit’s new seating arrangement caught the eye among all of the attention on the 2023 cars testing in Bahrain. Instead of the usual six or

Chinese battery parts manufacturer Gotion Inc. is reassessing plans for a $2.4 billion factory in Michigan’s Big Rapids area after scrutiny from a township board. The company, which originally planned to build a portion of the plant on 115 acres in Big Rapids Township, is now focusing solely on the core 500 acres in Green