News

Associated Press Aug 11, 2023, 06:54 PM ET The long contractual saga surrounding IndyCar championship leader Alex Palou took another wild twist Friday when the head of McLaren Racing told his team the Spaniard has “no intention of honoring his contract” with the team next year. In a letter sent to the Arrow McLaren Racing

Top executives at Shift Technologies Inc. said Thursday the used-vehicle retailer sought to urgently improve operations efficiencies in the second quarter and is evaluating “all avenues” to raise capital. Shift CEO Ayman Moussa, who spoke during the company’s quarterly earnings call Thursday, said he determined it was critical to change the course of the business

Associated Press Aug 11, 2023, 03:43 PM ET INDIANAPOLIS — Three months after he left Indianapolis 500 qualifying in tears, Graham Rahal savored every precious moment of earning the No. 1 starting spot for the Indianapolis Grand Prix on Friday. The Ohioan ended a six-year pole drought by outdueling teammate Christian Lundgaard. Rahal completed his

Changan Ford Motor plans to set up a new-energy passenger car joint venture with state-owned Chongqing Changan Automobile, a document published by China’s market regulator on Friday showed. Changan Ford Motor will own a 60 perce t stake and Chongqing Changan Automobile the remaining 40 percent stake. Changan Ford is a 50-50 joint venture between

In this article CARS 7270.T-JP 6201.T-JP IHEB-AU 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT There are more than 275 million cars on the road in the U.S. But in recent years, car ownership has gotten more expensive than ever — due to the Covid-19 pandemic, supply chain issues, stubborn inflation and the Federal Reserve’s interest

The California Public Utilities Commission voted in favor of expanding the operations of two robotaxi companies in the city, dealing a victory to companies seeking to expand their presence in San Francisco and beyond. After repeated delays and a marathon seven-hour public meeting, the commission finally decided in consecutive 3-to-1 votes on Thursday to accept

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT The Tesla Motors Inc. Model X sport utility vehicle (SUV). David Paul Morris | Bloomberg | Getty Images A Tesla Model X totaled in the U.S. late last year suddenly came back online and started sending notifications to the phone of its former owner, CNBC

Ryan McGee, ESPN Senior WriterAug 10, 2023, 04:22 PM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year Kyle Larson will attempt the Indy 500-Coke 600 double in May 2024. Jonathan Bachman/Getty Images Please excuse Kyle Larson if he looks a bit distracted this

The checklist for a safe car trip in the era of climate change goes a little something like this: four-wheel drive to handle more intense rainfall, two-way charging to withstand a blackout, and seatbelts all around because EVs are dangerously heavy. Drivers dealing with wildfire smoke might add one more accessory to the lineup: five

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2023 Cadillac Escalade V-Series Cadillac NEW YORK – General Motors on Wednesday will reveal a new all-electric version of the Cadillac Escalade, testing the luxury SUV’s prestige for a new era of drivers and the company’s strategy to turn its most lucrative vehicles into money-making

CarGurus Inc.’s net income continued its double-digit percentage nose-dive in the second quarter, dropping 23 percent to $13.8 million, the company said Wednesday, nearly a week after it was initially slated to report quarterly results. The vehicle listings company said overall revenue tumbled by 53 percent to $239.7 million and digital wholesale revenue plunged 80

In this article STLA GM F Follow your favorite stocksCREATE FREE ACCOUNT During a Facebook Live on Aug. 8, 2023, UAW President Shawn Fain Screenshot The leader of the United Auto Workers on Tuesday adamantly defended lofty demands for the union’s members who work for the Detroit automakers, while calling recent contract proposals from Stellantis

Ryan McGee, ESPN Senior WriterAug 9, 2023, 12:49 PM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year To celebrate NASCAR’s 75th anniversary, we’re detailing our 75 favorite things about the pinnacle of stock car racing. Illustration by ESPN We are closing in on

Vroom Inc. said Wednesday it recorded a narrower net loss in its second quarter but saw additional year-over-year declines in revenue and sales volume that have occurred since the company moved to scale back the business last year. The online used-vehicle retailer reported a net loss of $66.3 million for the quarter ended June 30,

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2025 Cadillac Escalade IQ GM NEW YORK – Twenty-five years after the Cadillac Escalade launched General Motors into large, highly profitable luxury SUVs, the Detroit automaker is hoping a new all-electric version of the vehicle will ignite the same success for a new generation of

Associated Press Aug 8, 2023, 04:38 PM ET INDIANAPOLIS — IndyCar driver Linus Lundqvist will replace the injured Simon Pagenaud in Saturday’s Indy Grand Prix, Meyer Shank Racing announced Tuesday. Lundqvist will again be driving the No. 60 Honda as a teammate of four-time Indianapolis 500 winner Helio Castroneves. Lundqvist was among the 12 fastest

Rivian Automotive Inc. sees continued strong demand for its electric R1T pickup and R1S crossover and will not join EV rivals such as Tesla Inc. and Lucid Motors in cutting prices to stimulate sales, CEO RJ Scaringe said on the startup’s second-quarter earnings call Tuesday. “We take a very methodical and thoughtful approach to how

Mahindra atom electric car at Auto Expo 2020, on February 5, 2020, in Greater Noida, India. Pradeep Gaur | Mint | Hindustan Times | Getty Images Mahindra Group isn’t worried about global players like Tesla entering India’s highly competitive electric vehicle market, its CEO and managing director Anish Shah told CNBC. “We’ve seen tremendous competition