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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

3:02 PM ET Associated Press LAS VEGAS — Robbie Knievel, an American stunt performer who set records with daredevil motorcycle jumps following the tire tracks of his thrill-seeking father — including at Caesars Palace in Las Vegas in 1989 and a Grand Canyon chasm a decade later — has died in Nevada, his brother said.

Carvana Co. will lay off more workers and take other measures such as reduced work hours as the used-car retailer contends with weak sales, The Wall Street Journal reported on Friday. The company was letting open positions go unfilled and several operations teams were working fewer than 30 hours a week or four-day work weeks,

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric luxury vehicle maker Lucid Group said it produced just over 7,100 vehicles in 2022, slightly more than expected. The company told investors in

6:05 PM ET Kevin Harvick announced on Thursday that 2023 would be his final full-time season in NASCAR. Logan Riely/Getty Images If Kevin Harvick had announced his retirement on Jan. 12, 2002 instead of Jan. 12, 2023, he would have already had a plenty strong-enough case for the NASCAR Hall of Fame. Thankfully, he didn’t then.

Tesla Inc. slashed prices across its four-vehicle lineup late Thursday after missing its delivery forecast for last year.On its website, Tesla listed its top-selling Model Y Long Range with all-wheel-drive — its entry version in the U.S. market — at $52,990 before shipping. That’s a reduction of $13,000, or 20 percent, over the crossover’s previous

The Tesla Model Y (left) and Model 3 electric cars at the company’s official launch event in Bangkok on Dec. 7, 2022. The Model 3 is the company’s entry-level sedan. The Model Y is categorized by some as an SUV and others as a crossover. Lillian Suwanrumpha | Afp | Getty Images Electric vehicle maker

1:25 PM ET Associated Press CHARLOTTE, N.C. — Kyle Larson will attempt to race the Indianapolis 500 next year with McLaren Racing in a joint effort with NASCAR team owner Rick Hendrick. The surprise announcement Thursday by McLaren and Hendrick at last gives Larson a path into his dream race. It also means he will

Automakers traded market share for profit last year as sales volumes plumbed depths not seen in more than a decade and new-vehicle prices set a record in December. But the new year could flip that script as inventories climb and inflation bites. Annual U.S. light-vehicle sales ended at 13.865 million, down 8 percent from 2021,

Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche managed to increase its global deliveries last year by 2.6% despite worldwide supply chain issues that crippled other carmakers as well as sales of its first all-electric car. The German sports

6:28 AM ET Michael Andretti has hit out at Formula One teams for being too greedy to see the benefits of his company’s proposed entry to the sport with General Motors brand Cadillac in 2026. F1 gave a lukewarm response to the proposed Andretti-Cadillac entry, with a source telling Reuters a “strong majority” among the

OTTAWA – Canada and Mexico have won their challenge to the U.S. interpretation of content rules for autos under the new North American trade pact, a dispute panel ruled on Wednesday, a decision that favors parts makers north and south of the U.S. border. A year ago Canada and Mexico filed a complaint against the

9:57 AM ET CHARLOTTE, N.C. — — Jimmie Johnson on Wednesday revealed his rebranded NASCAR team and said he will drive the No. 84 — the reverse of his longtime No. 48 — when the seven-time champion competes for Legacy Motor Club. Legacy Motor Club replaces Petty GMS, the name the two-car Cup team had

Crain Volkswagen of Fayetteville in Arkansas has filed a lawsuit against Volkswagen Group of America, alleging that the licensing of a nearby VW dealership violates its franchise agreement and infringes on Crain VW’s retail territory. The suit was filed in the circuit court of Pulaski, Ark., in December and named VW of America as the

Seating and electronics suppiler Lear Corp. is working to sell its three manufacturing plants in Russia almost a year after suspending operations due to Russia’s war on Ukraine. The company is aiming to sell its assets in Russia within the first half of this year, CEO Ray Scott told Crain’s Detroit Business in an interview

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A giant cowboy boot is on display outside the Tesla Giga Texas manufacturing facility during the “Cyber Rodeo” grand opening party on April 7, 2022 in Austin, Texas. Suzanne Cordeiro | AFP | Getty Images Tesla has registered with the state of Texas to expand

6:18 AM ET Formula One drivers must not use the platform provided by the International Automobile Federation (FIA) to make statements for their own “personal agenda”, the sport’s governing body president Mohammed Ben Sulayem said on Tuesday. Formula One drivers will need prior written permission from the sport’s governing body to make “political, religious and

Several top executives at Rivian Automotive Inc., including the vice president overseeing body engineering and its supply-chain chief, have departed in recent months, The Wall Street Journal reported Tuesday. The departures, confirmed by a Rivian spokeswoman, come to light on the heels of reports that Rivian missed a critical production target of completing 25,000 vehicles. The company, which manufactures

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT Ram 1500 Revolution BEV electric concept truck Stellantis Ram Truck previewed its upcoming electric pickup Thursday at the CES technology show, as the automaker plans its entrance into the emerging segment next year to compete with Detroit rivals as well as Rivian and, potentially, Tesla.

Jan 9, 2023 The head of Formula One’s governing body on Sunday strongly supported a proposed new Andretti Cadillac all-American team and said he was surprised by “adverse reaction” to the plan. Mohammed Ben Sulayem’s comments on Twitter hinted at a row brewing between the president of the International Automobile Federation (FIA) and Formula One’s

WASHINGTON – The acting head of the National Highway Traffic Safety Administration told reporters on Monday that the regulatory agency is “working really fast” on the Tesla Autopilot investigation it opened in August 2021. “We’re investing a lot of resources,” said NHTSA acting head Ann Carlson in comments to reporters on the sidelines of an

Rolls-Royce sold a record number of cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any slowdown or downturn,” Muller-Otvos told CNBC. “We haven’t seen any negative impact.” Rolls-Royce delivered 6,021 cars last year, up 8% over 2021 and the first time

12:10 PM ET NASCAR’s Next Gen car made the 2022 season unforgettable, for better and for worse. Chris Graythen/Getty Images We’re now more than a week into 2023, that time of year when we all have to face the hard truth about those New Year’s resolutions we were all so staunchly dedicated to not so long

Six settlements were reached with dealerships in New Jersey to resolve allegations of consumer protection violations in fall 2022, according to a statement released by Attorney General Matthew Platkin and the state Division of Consumer Affairs. The settlements ranged from $8,000 to $180,000, with the combined settlements totaling more than $260,000. The allegations levied against

A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT – Used vehicle prices are expected to come down further this year amid rising interest rates and improved availability of new cars and trucks, according

Hyundai and Kia vehicles have become a favorite target of thieves. The crime spree began last year in Wisconsin, when TikTok and YouTube users posted videos showing how to break into the vehicles, rip off the steering column and bypass the key with a USB cable. Criminals in other states soon joined in, leading to

Electric vehicle charging stations from Tata Power can be found on 350 of the 600 highways in India. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images When most people think about electric vehicles, they think cars. From brands like Tesla and Rivian in the United States, to Nio and XPeng in

While much of the conversation around building the nation’s electric vehicle charging network has focused on automakers, battery technology, utilities, public charging companies and government funding of chargers, one of the largest purchasers of vehicles also has a stake. Enterprise Holdings — owner of the Enterprise, National and Alamo car rental agencies — is working

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Tesla’s Chinese suppliers jumped after the electric automaker slashed prices for some models

SHANGHAI – Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centers in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric vehicles they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at