French engineer Francois Castaing, along with product development ace Bob Lutz, design chief Tom Gale and several other key executives were part of a dream team of brash, scrappy leaders that turned Chrysler into America’s hottest car company in the 1990s. Castaing was just 35 when he was dispatched to the U.S. in 1980 by
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The Club’s 10 things to watch Friday, July 28 1. We’re watching the bond market Friday after Thursday’s spike in yields triggered a late-day reversal for equities, ending the Dow Jones Industrial Average ‘s winning streak. The yield on the U.S. 10-year Treasury was down slightly in early trading, at just under 4%. 2. The
Ford Motor Co. CEO Jim Farley said Thursday the company will unveil an “all-new” F-150 pickup, as well as a new hybrid variant, this September at the Detroit auto show. Automotive News has previously reported the F-150 is due for a mid-cycle freshen this year before a next-generation model launches in 2026. The F-150 is
In this article Follow your favorite stocksCREATE FREE ACCOUNT VinFast is set to break ground on its delayed U.S. factory on Friday. Steve Russell | Toronto Star | Getty Images Vietnam’s VinFast will begin construction on its electric vehicle factory in North Carolina on Friday morning local time, the Vietnamese automaker confirmed with CNBC. “We
Ryan McGee, ESPN Senior WriterJul 27, 2023, 08:24 AM 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
WASHINGTON — A bipartisan bill that would prevent automakers from eliminating AM broadcast radio in new vehicles now heads to the Senate floor for consideration. The Democratic-led Senate Commerce Committee on Thursday advanced the bill, known as the AM Radio for Every Vehicle Act, which directs the Transportation Department to issue a rule requiring automakers
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT – Ford Motor is reporting second-quarter earnings after the markets close Thursday. The Detroit automaker is expected to report solid results, but not as strong as the $1.91
The Federal Reserve on Wednesday increased its benchmark rate target 0.25 points to 5.25-5.5 percent, a decision that could leave auto dealerships and customers coping with higher interest rates on auto loans. It is the highest U.S. central bank policy rate in 16 years. The Federal Reserve’s benchmark interest rate decisions affect the price lenders
Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC’s Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the “timely introduction of high-value product[s] that are as competitive as fast-growing local brands, at [an] attractive
Toyota’s next-generation Land Cruiser SUV, set to be unveiled next week, will borrow some front styling cues from 1980s Land Cruisers. Toyota, with a cherry red Land Cruiser FJ62 used as a background prop for comparison, released another image Wednesday previewing the Land Cruiser with rectangular headlights flanking an egg-crate grille. The Toyota badge is
In this article VWAGY XPEV 9868-HK Follow your favorite stocksCREATE FREE ACCOUNT Volkswagen and Xpeng will jointly develop two new VW-brand EVs for China based on Xpeng’s electric G9. Chen Dongqiu | Visual China Group | Getty Images Volkswagen said Wednesday that it has signed a deal to jointly develop two new electric vehicles for
WASHINGTON — Auto safety and consumer advocates on Tuesday urged Congress not to advance autonomous vehicle legislation that they say lacks “common sense” safeguards and regulations to protect road users. “With nearly 43,000 people killed on our nation’s roadways in 2021, it is clear that we need our leaders and policymakers to advance proven solutions
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors CEO Mary Barra on Tuesday blamed a supplier of automation equipment for the slow ramp-up
Laurence Edmondson, F1 EditorJul 23, 2023, 12:16 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 BUDAPEST, Hungary — Lando Norris accidentally broke Max Verstappen’s winner’s trophy at the Hungarian Grand Prix after some overexuberant celebrations on the podium. Verstappen won Sunday’s race by over 30 seconds from Norris, who took
GM Financial said on Tuesday that elevated interest rates hurt its second-quarter earnings, which were down 31 percent year over year, despite an uptick in loans and lease originations. The captive on Tuesday posted second-quarter earnings of $571 million, down from $829 million in the same quarter of 2022. Earnings before taxes for the quarter
Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the national inflation rate and among the largest annual price increases of any household good or service. So, what’s driving up prices? It’s a combination of
Laurence Edmondson, F1 EditorJul 23, 2023, 02:09 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 BUDAPEST, Hungary — The performance of Max Verstappen and Red Bull is in a different category compared to the rest of the Formula One field, Mercedes team principal Toto Wolff said on Sunday. Verstappen won
Hyundai Motor Co. wants to speed up completion rates of a software patch that will protect its vehicles targeted by thieves following a national social media-driven crime wave. The automaker is staging a mobile service center in Washington, D.C., this week for owners of the affected vehicles residing within 25 miles of Robert F. Kennedy