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In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM DETROIT – General Motors and LG Energy Solution

Lawyers who’ve taken Elon Musk to trial for securities fraud are worried he’ll go rogue when he takes the witness stand, by straying from court orders finding that his 2018 tweets about taking Tesla Inc. private were false. The Tesla CEO is scheduled to testify as early as Friday at the trial in San Francisco.

In this article 1698-HK TSLA 700-HK Follow your favorite stocksCREATE FREE ACCOUNT A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Sheldon Cooper | Sopa Images | Lightrocket |

DETROIT — General Motors could enter the baby pickup market with an electric entry smaller than the Ford Maverick and the Hyundai Santa Cruz. The automaker is considering a two-door pickup with a 4- to 4.5-foot-long bed and low roofline. The vehicle would be part of GM’s lineup of affordable EVs priced under $30,000. The

Fotostorm | E+ | Getty Images There’s still a ways to go before used car prices come back down to earth. While prices were 8.8% lower in December from a year earlier, consumers continue to pay more for used cars than they would if typical depreciation expectations were in play, according to car-shopping app CoPilot,

8:55 AM ET The organisers of the Miami Grand Prix have announced a series of upgrades for the 2023 version of their event, including a resurfaced track and a new paddock location on the field of Hard Rock Stadium. Formula One’s inaugural Miami GP took place in the area surrounding the Miami Dolphins‘ Hard Rock

PARIS — The U.S. market will be crucial to Alpine’s ambitious revenue and sales goals, CEO Laurent Rossi said. The Renault sports car brand has aspirations to sell two models in the U.S., a midsize electric crossover and a larger, similar model, starting in 2027 or 2028. “The U.S. is the main destination for these

In this article HTZ Follow your favorite stocksCREATE FREE ACCOUNT Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Hertz is teaming up with the city of Denver — and soon, it hopes, with other cities — to build out its charging infrastructure to support the ongoing transition to electric

8:34 AM ET Associated Press CHARLOTTE, N.C. — Kyle Busch, Clint Bowyer and Kevin Harvick will all make their debuts this season in Tony Stewart’s summer all-star series, while four-time Indianapolis 500 winner Helio Castroneves confirmed Wednesday he’ll return for a third season. Busch, who left Joe Gibbs Racing at the end of last season

Automotive News Retail Forum: NADA on Jan. 26 in Dallas will feature conversations with key retail industry leaders and dealers that will explore top-of-mind topics, including the new tax credits for EVs and how proposed regulatory changes could impact advertising and finance and insurance practices. Attendees will hear from auto industry leaders including Damon Lester,

8:14 AM ET The governing FIA shook up its Formula One structure on Wednesday with Steve Nielsen, who has decades of experience with a string of teams, joining from the commercial rights holder as sporting director. The restructuring follows a review ordered by FIA president Mohammed Ben Sulayem and will be in place for the

The Illinois Automobile Dealers Association filed an appeal in Chicago challenging a December court ruling that allows Rivian Automotive and Lucid Group to continue direct EV sales in the state. The appeal, filed Friday, had been expected. In the Dec. 19, 2022, ruling, Associate Judge David Atkins decided the Illinois secretary of state was correct

In this article AZO 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT The world’s largest automaker, Toyota, is battling criticism that it is not moving fast enough to reduce carbon emissions. Some even say it is opposing climate-mitigation efforts. But the automaker says it does believe in an all-electric future. It just maintains that future will not

8:19 AM ET Associated Press INDIANAPOLIS — Two-time Indianapolis 500 winner Takuma Sato will wind down his career this season by scaling back to ovals only in IndyCar as the Japanese driver moves to Chip Ganassi Racing. Sato will share the No. 11 Honda with rookie Marcus Armstrong, who was hired to drive the IndyCar

A 2016 video that Tesla Inc. used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer. The video, which remains archived on Tesla’s website, was released in October 2016

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT DETROIT – General Motors’ first-ever “electrified” Corvette will be available later this year starting at more than $104,000, the automaker said Tuesday. The vehicle also will be all-wheel drive, another first for the quintessential American sports car. The carmaker said the E-Ray, which GM first

7:07 AM ET Formula One has confirmed it will not replace the cancelled Chinese Grand Prix this year, meaning there will be 23 races this season rather than the planned 24. F1 cancelled this year’s Chinese Grand Prix, which was due to take place on April 16, last December due to “the ongoing difficulties presented

Elon Musk and Tesla Inc. are set to go to trial in San Francisco on Tuesday in a case where the company’s shareholders claim they were defrauded by Musk’s 2018 statement that funding was “secured” to take the electric car maker private. The lawsuit seeks damages for shareholders who bought or sold Tesla stock in

DETROIT — General Motors‘ chief economist is optimistic about the health of the economy and Michigan‘s position to win more business — including from GM. That’s despite results of the Michigan Economic Outlook Survey, released last week, showing a declined sentiment among companies toward the business environment in Michigan. “I think not only are we

WASHINGTON — The U.S. Treasury Department’s attempt last month to clear up confusion on the Inflation Reduction Act’s revised $7,500 tax credit for new electric vehicles has instead stirred up more questions than answers for car dealers seeking to better understand its maze of rules and timelines. With new restrictions on sticker price and buyer

12:53 PM ET ESPN News Services DAMMAM, Saudi Arabia — Nasser Al-Attiyah won a second straight Dakar Rally just kilometers from his Qatar homeland on Sunday. His fifth Dakar title eclipsed Ari Vatanen’s total and was second only to Stephane Peterhansel, the Dakar’s greatest champion with 14 wins, eight in the premier car category. Al-Attiyah

The Dodge Dart has been dead since 2016 and the Chrysler 200 since 2017. But Stellantis dealerships managed to find first owners for four Darts and two 200s in 2022. They’re among six examples found by Kelley Blue Book of what it called “zombie cars” — nameplates that had been killed by automakers but came

A customer looks at a vehicle at a BMW dealership in Mountain View, California, on Dec. 14, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT — Wall Street and industry analysts remain on high alert for signs of a “demand destruction” scenario for the U.S. automotive industry this year as interest rates rise

DETROIT — There is something broken at manufacturing plants across the auto industry, and it isn’t just the supply chain. Employee morale has suffered profoundly as industry troubles over the past three years, including staffing shortages, production volatility and recession fears, weigh on the workforce, according to labor leaders and experts. The issue was brought

If you haven’t shopped for a car lately, brace for sticker shock. Not only are vehicle prices at an all-time high, but the interest rate to finance a purchase has also jumped dramatically. A record 15% of new car buyers who financed a new car last quarter committed to a monthly payment of more than

Jan 13, 2023 Williams’ new principal James Vowles said after his appointment on Friday that the struggling former champions would be no Mercedes ‘B’ team in Formula One. Vowles will join next month from Mercedes, where he was head of strategy and part of Toto Wolff’s top management at a team that won a record

Proper Group Holdings LLC is planning to close its plastic tooling and molding plant near Detroit and lay off 130 workers due to financial hardship and a private equity takeover that went sideways. Proper Tooling will close its manufacturing plant in Warren, Mich., by March 31 after a series of employee terminations— unless it can

In this article GOEV FFIE RIDE RIVN FSR LCID TSLA Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout

Jan 12, 2023 Ferrari have terminated a Formula One sponsorship deal with Swiss blockchain technology company Velas, the team said on Thursday. The Zug-based company became a partner of the Italian racing team last season, with branding prominent on the cars’ rear wings, as part of a multi-year deal. Velas was also title sponsor of

There was a shocking statistic in my colleague Pete Bigelow’s story last week about CES that should cause ulcers in automotive investors around the globe. Automakers and others have committed those resources, investing more than $530 billion across autonomous, connected, electrified and shared mobility technology since 2010, according to the McKinsey Center for Future Mobility