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In this article DIS MSFT TSLA Follow your favorite stocksCREATE FREE ACCOUNT James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new,

8:08 AM ET Alyssa RoenigkESPN Close Alyssa Roenigk is a senior writer for ESPN whose assignments have taken her to six continents and caused her to commit countless acts of recklessness. (Follow @alyroe on Twitter). Action sports icon Travis Pastrana is talking with a reporter at the Daytona International Speedway media center on Wednesday afternoon

Lithia Motors Inc., once the smallest publicly traded dealership group before embarking on a multiyear dealership buying spree, surpassed longtime No. 1 AutoNation Inc. in new vehicles sold in 2022. Lithia retailed 271,596 new vehicles last year, up 4.2 percent, and more than 40,000 vehicles more than AutoNation, which retailed 229,971 new vehicles, a 12

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that caused a Ford F-150 Lightning in the company’s possession to catch fire earlier this

10:16 AM ET With qualifying and the Duels in the books, the NASCAR world is counting down to Sunday’s Daytona 500. Sean Gardner/Getty Images DAYTONA BEACH, Fla. — It is time for the 65th running of the Daytona 500, NASCAR‘s biggest event on its biggest stage, kicking off what many believe could be one of the

Gary Cowger, a former president of General Motors North America who repaired the automaker’s relationship with the UAW after a crippling strike and mentored future CEO Mary Barra, died Friday at his home in Dallas. He was 75. Cowger had battled cancer for two years before his death, Judy DeMars, his former secretary at GM,

In this article AN Follow your favorite stocksCREATE FREE ACCOUNT Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images A solid fourth-quarter earnings report from AutoNation on Friday propelled the car dealer’s stock to a new all-time high and its best day

9:13 PM ET Associated Press DAYTONA BEACH, Fla. — IndyCar driver Conor Daly raced Floyd Mayweather Jr. into the Daytona 500 for a second consecutive year by bobbing and weaving his way through myriad issues for the ill-prepared team. Daly’s attempt to make his first Daytona 500 was announced only last week as part of

AutoNation Inc.‘s fourth-quarter net income slipped 26 percent to $286.4 million while total revenue gained 2 percent to $6.7 million. The company said it expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers. AutoNation, which pivoted to selling more used cars

In this article TSLA MSFT DIS Follow your favorite stocksCREATE FREE ACCOUNT James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019. Luke MacGregor | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new,

3:34 PM ET Alpine has rounded out Formula One’s launch season by becoming the 10th and final team to reveal its 2023 car. The Alpine A523 ran on track for the first time during a private shakedown at Silverstone on Monday, but the French team waited until Thursday to reveal the car at an event

The growing complexity of car electronics delivered Visteon Corp. a record sales year, but the shortage of a specific type of semiconductor has prevented the automotive supplier from capitalizing on demand. The supplier of cockpit electronics, with roots as a unit of Ford Motor Co., finished the year with $1 billion in sales for the

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. FilmMagic | HBO | Getty Images Tesla is voluntarily recalling 362,758 vehicles equipped with the company’s experimental driver-assistance software, which is marketed

12:45 PM ET Mercedes have started contract extension talks with seven-times Formula One world champion Lewis Hamilton and age will not be a factor in the negotiations, team boss Toto Wolff said on Wednesday. Hamilton, winner of a record 103 grands prix, turned 38 in January and will be starting his 11th season at Mercedes

Legacy automakers launched exciting new electric vehicles last year, including the Ford F-150 Lightning and Kia EV6, but they barely dented Tesla’s outsized market share as battery-electric vehicles surged to 5.6 percent of U.S. light-vehicle registrations from 3.1 percent a year earlier. New EV registrations numbered 756,534 in 2022, for a 57 percent increase, Experian

In this article BTC.CB= 2330-TW ZE594-CN TSLA ADANIENT-IN 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 News | Getty Images This report is from today’s CNBC Daily Open, our new,

9:43 AM ET Associated Press INDIANAPOLIS — Tony Kanaan, the 2013 Indianapolis 500 champ, said Wednesday he will compete in IndyCar’s biggest race this May before retiring again. The 48-year-old from Brazil made the announcement on Twitter. 🇧🇷Tem sido uma jornada maravilhosa, mas ainda não acabou. Espero vcs para a última em Maio.•🇺🇸 Let’s do

DETROIT — Cadillac will reveal three more electric vehicles this year that should enter production in 2024, the luxury brand’s top executive said Wednesday. Rory Harvey, vice president of global Cadillac, declined to share specific details about the vehicles or their segments during a briefing with reporters. He said they would be manufactured in “multiple

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan,

8:12 AM ET Associated Press DAYTONA BEACH, Fla. — Alex Bowman has a new contract as he chases his first Daytona 500 victory. Bowman received a three-year extension from Hendrick Motorsports on Wednesday that will keep the driver – who missed five races last season with a concussion – with the team through the 2026

Battery materials startup NanoGraf Corp. raised $65 million to scale up the domestic production of silicon anodes for lithium-ion batteries. NanoGraf’s series B capital raise comes on the heels of the company winning a $10 million contract from the U.S. Department of Defense in November to build the nation’s first large advanced silicon oxide factory,

In this article TSLA TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla, Inc. electric vehicle charges at supercharger location in Hawthorne, California, on August 9, 2022. Patrick T. Fallon | AFP | Getty Images The Biden administration wants to see at least 500,000 electric vehicle chargers on US roads by 2030, and announced a

2:50 PM ET Dale Earnhardt, top, and Dale Jarrett contested one of NASCAR’s all-time-great Daytona 500s in 1993. Bill Frakes /Sports Illustrated via Getty Images The 1993 Daytona 500, run 30 years ago today, is first and foremost a love story. Yes, it was the Dale and Dale Show. Yes, it was the victory that sparked

Ford Motor Co. temporarily halted production and shipments of its F-150 Lightning electric pickup over a potential battery issue, the company confirmed Tuesday. The automaker did not disclose the details of the potential issue, although spokeswoman Emma Bergg said an investigation is underway after a vehicle displayed a possible problem as part of the company’s

Ford Motor (F)’s decision to halt production and shipments of its electric pickup truck further undermines our confidence in the automaker. We have little patience left for more missteps and are ready to ditch this long-held holding if there isn’t a significant turnaround this quarter. The company on Tuesday announced it had issued a stop-shipment

7:25 AM ET Associated Press NASCAR Hall of Famer Tony Stewart will return to full-time competition this season — as an NHRA drag racer. Stewart, a three-time NASCAR champion, will run a Top Alcohol dragster for McPhillips Racing for the full 2023 NHRA season. Stewart, who turns 52 in May, will be sponsored by longtime

Tesla Inc. workers in New York state are launching a unionization campaign, teeing up a potential first for the electric-vehicle maker and the latest labor challenge for Chief Executive Officer Elon Musk. The employees, who label data for Tesla’s Autopilot technology at the company’s plant in Buffalo, New York, sent an email to Musk early

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC Automaker Ford on Tuesday said it intends to cut 3,800 jobs in Europe over the next three years to adopt a “leaner” structure as it focuses on electric vehicle production. The

3:26 PM ET Time is not on Fernando Alonso‘s side but the 41-year-old double Formula One world champion, preparing for a new adventure with Aston Martin, has not given up on adding to his tally of 32 grand prix wins. The Spaniard recognised, however, that it was unlikely to happen in 2023. Alonso has joined

DETROIT — UAW President Ray Curry said restoring the cost-of-living adjustment for the Detroit 3 workers it represents will be among the union’s top priorities in this year’s contract negotiations. Curry, speaking to reporters Monday at a Ford battery plant announcement, said bringing back the automatic COLA raises that the union gave up ahead of