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Newsday Llc | Newsday | Getty Images If you’re among the people who leased an auto in 2020 and are nearing the end of that agreement, you may want to check what the car is worth before turning it in. The average trade-in value of cars leased in 2020 is 19% more ($3,965) than the

10:02 AM ET SAKHIR, Bahrain — McLaren looks set for another tough start to a Formula One season after missing car development targets over the winter. McLaren started 2022 on the back foot after encountering brake issues in the Bahrain preseason test and has had a quiet start to the same test this year, which

NEW YORK — South Korean automaker Hyundai Motor Co. on Friday told shareholders that it would divest its controlling stake in a major Alabama auto parts plant where Reuters last year documented children as young as 12 were working. In a Feb. 24 letter to shareholders from Hyundai CEO Jaehoon Chang, the company said recent

In this article RIDE Follow your favorite stocksCREATE FREE ACCOUNT Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors said Thursday it will suspend production and deliveries of its all-electric Endurance pickup to address

12:26 PM ET Associated Press In IndyCar’s effort toward environmental sustainability, one of the world’s largest tire manufacturers will rely on a desert shrub to produce a new source of natural rubber for its tires. Bridgestone Americas said Thursday it has used the offseason to incorporate more sustainable and bio-circular materials into its tires this

Ford Motor Co. has again extended the temporary closure of its Louisville Assembly Plant for another week as it battles a software issue on the refreshed Escape and Lincoln Corsair crossovers. The plant’s building chairman, Brandon Reisinger, informed employees Thursday the downtime will now last until March 6, which Ford confirmed to Automotive News. Next

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023.  Marlena Sloss | Bloomberg | Getty Images The SEC argued in a letter to the U.S. Court of Appeals for the Second Circuit in New

9:44 AM ET SAKHIR, Bahrain — Toto Wolff said the early signs are that Mercedes’ 2023 car does not have the same bouncing issues that the team struggled with so much last year. After eight straight titles Mercedes won a single race last year as it struggled to get to grips with its erratic car.

Ram, GMC, Ford, Tesla and Dodge have the lowest female buyer representation of top brands in the U.S., new data from S&P Global Mobility shows. An analysis of 2022 data by the market research firm found that only 17 percent of Ram‘s new personal vehicle registrations listed female owners. The four other bottom brands all

In this article LAZR DMLRY LAZR Follow your favorite stocksCREATE FREE ACCOUNT Austin Russell, Luminar founder and CEO, with Markus Schäfer, Mercedes-Benz AG chief technology officer at Mercedes-Benz’ Sindelfingen, Germany plant. Mercedes-Benz Lidar maker Luminar said Wednesday that Mercedes-Benz will incorporate its sensors and software in a “broad range” of vehicles starting mid-decade, in a

Lucid Group’s reservation backlog for its Air sedan fell to 28,000 this week from 34,000 late last year in a sign of easing demand, as the luxury EV maker said it planned to nearly double production in 2023 to as many as 14,000 cars. In its fourth-quarter earnings report Wednesday, Lucid said revenue rose to

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000

3:25 PM ET There will be just three days of preseason testing before the opening race weekend of the 2023 Formula One season, and they are about to get underway Thursday through Saturday. The number of test days has been halved this year due to stability in the regulations from last year, and all three

Sometimes less is more: Stellantis saw North American operations power profit gains for 2022, a year in which top brands Jeep and Ram saw their U.S. sales fall by double digits. Adjusted operating income from North America surged 23 percent to $14.8 billion for the second year since the merger of Fiat Chrysler Automobiles and

An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.

BMW is electrifying the performance variant of its midsize crossovers. The 2024 BMW X5 M and X6 M crossovers will be offered exclusively as Competition models — with a new V-8 engine with 48-volt mild hybrid technology, exterior design updates and the latest generation of BMW’s iDrive control system. The freshened M models will debut

5:50 AM ET The charred remains of the Formula One car Romain Grosjean crashed at the 2020 Bahrain Grand Prix will go on display at a new exhibition in Madrid next month. Grosjean survived the terrifying accident, which saw his Haas crash into an unprotected barrier at 120mph, split in two and burst into flames.

WILMINGTON, Del – Lawyers for Elon Musk and a Tesla Inc. investor will make closing arguments on Tuesday in a trial over his $55 billion pay package and whether it fueled the EV maker’s growth or improperly subsidized Musk’s dream of one day traveling to Mars. The arguments follow a five-day trial in November that

11:12 AM ET Formula One’s preseason officially kicks off this week with three days of testing at the Bahrain International Circuit, but all 10 teams have already unveiled their cars to the world over the past few weeks. We saw a handful of big ‘season’ launches, as they appear now to be known — some

DETROIT — Jim Farley has grand ambitions to transform Ford Motor Co., but the third-year CEO finds himself hampered by a problem that has vexed Ford leaders for decades: managing a massive company with a notoriously siloed — and sometimes dysfunctional — culture. Next week marks one year since Farley split the automaker into separate

9:41 PM ET DAYTONA BEACH, Fla. — Fifty-two lead changes among 21 drivers. Only three in-race cautions over the race’s first 198 laps and then three more over the final 13 laps, 10 run in overtime. A Daytona 500 winner who didn’t take the lead until that OT and then pulled into Victory Lane for

DETROIT — Cadillac is freshening its XT4 compact crossover with an updated look and touch screen display and a longer list of standard safety features. The brand’s smallest crossover will continue to be built at General Motors‘ Fairfax Assembly plant in Kansas and go on sale as a 2024 model this summer, Cadillac said Monday.

In this article 2330-TW ZE594-CN TSLA Follow your favorite stocksCREATE FREE ACCOUNT People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open

At a time when automakers are expressing confidence about nearing the end of the global microchip shortage, factories worldwide just cut another 35,000 vehicles from their production schedules this week for lack of chips. Nearly 13,000 are being dropped from North American factory plans, according to the latest update from AutoForecast Solutions. Another 4,400 cuts

In this article RNO-FR Follow your favorite stocksCREATE FREE ACCOUNT Renault CEO Luca de Meo on Thursday questioned the wisdom of price cuts rivals have been implementing in a bid to bolster market share for their electric vehicle fleets. “We’ve seen competitors moving prices up and down, etc., etc. this is their decision. But I

Feb 17, 2023 Nate Saunders Close Nate Saunders General Editor, F1 Laurence Edmondson Close Laurence Edmondson F1 Editor • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 The FIA has issued a clarification around its controversial clampdown on political protests in Formula One, insisting any statement at a grand prix would still require permission

Scouts popping up at Texas high school football games on the lookout for standout talent is practically a ritual. It shouldn’t be a surprise then that some Lone Star State auto dealerships are using the same strategy to recruit future technicians from their own backyards. In December, 117 high school seniors competed in the North

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Toyota RAV4 Prime electric car is recharged October 3, 2022 at a charging station at the town hall in Charlotte, Vermont. Robert Nickelsberg | Getty Images After years of being touted as a smarter option for car buyers seeking better fuel efficiency and lower

Feb 17, 2023 Associated Press DAYTONA BEACH, Fla. — Seven-time is officially back. Jimmie Johnson, making his return to stock car racing after a two-year dalliance in IndyCar, topped the first practice session for the Daytona 500 on Friday. The two-time Daytona 500 winner and seven-time Cup Series champion reached a top speed of 194.25

Diana Kennedy dropped out of high school at age 18. She admits she was never the best student, often cutting class and struggling to stay engaged. When Kennedy later took a vocational automotive class, she discovered she enjoyed being around cars and ultimately found a sales position at a dealership. “Automotive became the outlet for