California state regulators will review the data protection policies of car manufacturers as part of the state’s efforts on consumer privacy. The audit will focus on connected vehicles that tie in with drivers’ mobile phones to power popular infotainment features — like Apple Inc.’s CarPlay or Alphabet Inc.’s Android Auto. “Modern vehicles are effectively connected
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Stocks rise on growth Stick with Meta Watch Ford earnings 1. Stocks rise on economic growth U.S. stocks climbed higher Thursday on the back of solid economic data and upbeat
Lewis Hamilton quoted from “Austin Powers: Goldmember” to poke fun at how dominant Max Verstappen is in Formula One this season. Verstappen breezed to an eighth straight race win at the Belgian Grand Prix, one away from Sebastian Vettel’s record of nine consecutive. Editor’s Picks 1 Related Asked Sunday evening if Verstappen is having it
Toyota will strengthen development of EV technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world’s largest auto market. The move is the latest from the world’s top-selling carmaker to show a sharper pivot to EVs. It recently detailed an ambitious new EV
Companies that make parts for internal combustion engines are facing a harsh future. Revenues for internal combustion engines, as well as fuel and exhaust systems, are expected to decline 44% through 2027, according to the 2023 Deloitte Automotive Supplier Study. Meanwhile, revenues for electric drivetrains and batteries or fuel cells are expected to rise 245%,
Auto supplier Dana Inc. said net income rose strongly in the second quarter, offset somewhat by currency headwinds, customer demand volatility and supply chain disruptions. The company said in a call with investors Friday that net income climbed $22 million to $30 million in the second quarter, a strong showing but not quite a full
In this article F F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday pushed
Laurence Edmondson, F1 EditorJul 30, 2023, 11:25 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 SPA-FRANCORCHAMPS, Belgium — Max Verstappen‘s march towards a third world championship continued at the Belgian Grand Prix with his 10th win of the season, his eighth in a row and a 22.3-second victory margin over
As the U.S. auto industry attempts to do its part to slow the warming of the planet, there’s room for debate about how big that role needs to be. The head of the Alliance for Automotive Innovation, the industry umbrella group for many automakers and suppliers, argues that the EPA’s proposed emissions rules for the
In this article F GM Follow your favorite stocksCREATE FREE ACCOUNT Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC With unsold electric vehicles backing up on the lots of rivals’ dealers, General Motors’ electric-vehicle rollout strategy for the fall is shaping up to be a key moment
Associated Press Jul 29, 2023, 07:03 PM ET ELKHART LAKE, Wis. — Wisconsin driver Sam Mayer won on his home-state track for his first career NASCAR Xfinity Series victory, pulling ahead for good in the next-to-last lap of a wild second overtime session Saturday. Mayer won by 0.368 seconds over Parker Kligerman on the sprawling
Robust second-quarter earnings from the Detroit 3 were tempered last week by the growing realization that their pivot to electric vehicles will be slower and costlier than anticipated. Ford Motor Co., which said its quarterly net income tripled from a year earlier, delayed its EV production goals and cautioned that its EV business would lose
In this article MBG-DE Follow your favorite stocksCREATE FREE ACCOUNT A Mercedes-Benz EQA photographed in Berlin on Jan. 20, 2021. Sean Gallup | Getty Images News | Getty Images The shift to zero-emission mobility should be viewed as a marathon not a sprint, according to the CEO of Germany’s Mercedes-Benz. Speaking to “Squawk Box Europe,”
Alain Prost has launched an scathing attack on Alpine’s faltering Formula One team, labelling recently departed CEO Laurent Rossi “incompetent” and an example of the corporate influence which has taken hold of the team. On Friday, Alpine confirmed the departure of team boss Otmar Szafnauer and sporting director Alan Permane after this weekend’s Belgian Grand
ARCADIA, Calif. — If you want a traditional gasoline-powered pony car, you’ll soon be down to just one option: the 2024 Ford Mustang. Still, engineers and designers at Ford gave the seventh-generation stallion a number of unique features that they hope attract new buyers and help it stand out, even as the Chevrolet Camaro and
Westend61 | Westend61 | Getty Images Access to personal cars remains important to Americans despite the growing monthly cost of ownership. The average monthly auto payment reached $733, a new record, in the second quarter of the year, according to a report by auto site Edmunds. Seventy-eight percent of middle-income households earning between $47,000 to
Waymo, Alphebet Inc.’s self-driving unit, is slowing development of autonomous trucking being done by its Via subsidiary. “With our decision to focus on ride-hailing, we’ll push back the timeline on our commercial and operational efforts on trucking, as well as most of our technical development on that business unit,” the company said in a statement
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, Sept. 17, 2020. Rebecca Cook | Reuters Heads up, hybrid fans: Ford Motor is working on a whole bunch of new hybrid models. “You’re going to see