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Associated Press Aug 8, 2023, 02:46 PM ET STATESVILLE, N.C. — Mike Rockenfeller, a two-time Le Mans winner, has been chosen to replace suspended driver Noah Gragson in the next two NASCAR Cup Series races. Legacy Motor Club CEO Cal Wells announced Tuesday that Rockenfeller will be in the No. 42 Chevrolet this week at

As America becomes a nation of older cars, technicians and the aftermarket may see boom times, according to analysis by S&P Global Mobility. The average light-vehicle age currently stands at a record-high 12.5 years, surpassing what S&P Global Mobility considers the “repair business sweet spot” of 6 to 11 years old. Vehicles 12 and 13

In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Tuesday reported a loss for the second quarter that was narrower than expected and raised its production guidance for the

ANN ARBOR, Mich. — What if a battery could be more than a power supply? This question inspired researchers Kang Shin and Liang He to create Battery Sleuth, an anti-car-theft device that uses a vehicle’s battery to control access. Battery Sleuth is the researchers’ answer to what Shin describes as an “arms race” of vehicle

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Zachary Kirkhorn, CFO, Tesla Source: Tesla Tesla‘s chief financial officer, Zach Kirkhorn, stepped down from his position, effective Aug. 4, the automaker announced Monday morning in a regulatory filing. Tesla’s chief accounting officer Vaibhav Taneja was appointed as the new CFO and will hold both

Bosch Group’s e-bikes segment has risen from a rounding error on income statements to $1 billion in annual revenue and the global market share leader. Paul Thomas, soon-to-be president of Bosch Mobility Americas, said the revenue turnover is nice, but the success of the bike business isn’t necessarily measured in dollars. For the German tech

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Justin Sullivan | Getty Images Luxury electric vehicle maker Lucid Group reported its second-quarter earnings on Monday. Here are the key numbers: Loss per share: 40 cents.

Join us at noon Wednesday, Aug. 9, for a LinkedIn Live chat with Stephen Dietrich, partner at Holland & Knight, as he talks about the dealership buy-sell market. He will be joined by Executive Editor Jamie Butters and Retail Senior Editor Melissa Burden as they discuss dealership merger and acquisition activity in 2022 and what

VinFast LLC’s EV VF8 vehicles. Linh Pham | Bloomberg | Getty Images Vietnam’s electric vehicle market appears poised for rapid expansion in the next decade, but there could be significant headwinds blunting that growth. According to BMI Research, a Fitch Solutions research unit, passenger EV sales in the country is expected to at least double this year.

Associated Press Aug 6, 2023, 03:17 PM ET NASHVILLE, Tenn. — Kyle Kirkwood easily held off Scott McLaughlin over a final four-lap shootout and won the Music City Grand Prix on Sunday for his second career victory. The 24-year-old from Jupiter, Florida, started eighth and led a race-high 34 laps. He appeared poised to race

SAN FRANCISCO — Electric vehicle maker Lucid Motors cut prices of its Air luxury sedans by as much as $12,400 as part of an offer, it said on Saturday, amid rising competition in the U.S. EV industry and a price war sparked by Tesla Inc. Lucid reduced the price of the Air Pure by $5,000

In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Ferrari Original Factory Entrance Courtesy: Ferrari Ferrari on Wednesday said that its second-quarter profit jumped 33% from a year ago as more of its customers chose costly “personalization” options for their new sports cars. Ferrari also raised its guidance for the full year following the

Associated Press Aug 5, 2023, 08:40 PM ET NASHVILLE, Tenn. — Scott McLaughlin won his second straight pole Saturday at the Music City Grand Prix and the first on a street course this season for Team Penske. The New Zealander, currently fifth in the points race, will be looking for his second win this year

The Consumer Financial Protection Bureau on Wednesday sued the servicing arm of U.S. Auto Sales, alleging USASF Servicing cost consumers more than $10.1 million by mishandling guaranteed asset protection refunds, double billing for collateral protection insurance and failing to apply excess customer payments to interest. The U.S. Northern District of Georgia lawsuit also alleged USASF

Lorenzo Di Cola | Nurphoto | Getty Images Social network Twitter, recently rebranded as X, has commandeered the handle “@music” from open-source software developer Jeremy Vaught, who told CNBC he created the account in 2007, and had built a community of around half a million followers there. While Elon Musk-led X gave Vaught no choice

Canadian union Unifor officially opens contract talks with the Detroit 3 automakers in Toronto on Aug. 10. The latest round of contract negotiations comes as Ford, General Motors and Stellantis commit billions of dollars to new battery production plants and electric vehicle retooling projects at vehicle assembly sites throughout North America, including plants across the

In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Tre BEV Courtesy: Nikola Electric truck maker Nikola won shareholder approval to issue new stock, the company said late on Thursday. The vote paves the way for Nikola to raise additional funds to support the launch of its fuel-cell-powered electric Tre semitruck and the buildout

The deals are back in America’s new-car showrooms. Automaker spending on new-vehicle incentives rose sharply in July compared with the year-earlier month, driven by electric vehicle offers, luxury car lease deals and growing inventory across the industry, according to estimates by Motor Intelligence and J.D. Power. Incentives averaged $2,151 per vehicle last month compared with