A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government
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Associated Press Jul 23, 2023, 04:41 PM ET NEWTON, Iowa — Josef Newgarden got one win on Saturday, but he said it felt like “50% of the battle.” Newgarden completed the doubleheader sweep he wanted at a track where he’s had plenty of success, winning the IndyCar Series race Sunday at Iowa Speedway. Newgarden, who
Toyota Motor Corp. has dismissed some workers at one of its plants in China, three workers told Reuters, as the Japanese automaker struggles with a price war and sales slump in the world’s largest auto market. The joint venture between Toyota and China’s state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and
My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United States’ second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6
Jul 23, 2023, 04:53 PM ET Red Bull boss Christian Horner heaped praise on Sergio Perez on Sunday after the Mexican raced from ninth to third at a Hungarian Grand Prix that delivered his Formula One team a record 12th win in a row. The podium was Perez’s sixth from 11 races, a tally that
Stellantis and Samsung SDI are teaming up on a second battery plant in the U.S. as the automaker works to develop a supply chain to support its electric vehicle ambitions. The companies, already building a battery plant in Kokomo, Ind., that begins production in 2025, have signed a memorandum of understanding to build another facility
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier Blas | Bloomberg | Getty Images When BlackRock, the world’s largest asset manager, announced this week it was adding the head of the world’s largest
BUDAPEST, Hungary — Lewis Hamilton admitted he’s been below his usual standard for over a year, despite a fleeting feeling of returning to his best at the Hungarian Grand Prix. Hamilton beat Max Verstappen to a sensational pole position on Saturday but had dropped to fourth by the end of the opening lap, after being
FRIEDRICHSHAFEN, Germany — Holger Klein, CEO of ZF Friedrichshafen, said young automotive brands such as Tesla, Nio, Xpeng and Lucid are pushing the old German supplier in a different way than traditional automakers. “They have a different expectation on speed,” he said. “Speed is king.” The emerging brands want ZF’s newest technologies as quickly as
Artificial intelligence is making a big effect on the auto industry. Revenue from sales of autonomous vehicles is anticipated to top $70 billion by 2033, according to Future Market Insights. But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production. related investing news This
Associated Press Jul 22, 2023, 05:36 PM ET NEWTON, Iowa — Josef Newgarden understands what comes with the success he has had on the ovals in the IndyCar Series. And he knows what everyone thinks when he shows up at Iowa Speedway. “There’s a pressure that’s on us when we show up here, and that’s
The definitive guide for all new, redesigned, freshened and re-engineered vehicles hitting the market over the next five years just got an update. Our annual Future Product Pipeline coverage now includes an interactive tool that allows you to filter our vehicle database by brand, segment, powertrain, year and type of update. The new feature adds
In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and
Amazon. The COVID-19 pandemic and its aftereffects. Digital retailing. The microchip shortage. These things and more persuaded the management at Florida’s Qvale Auto Group that it was time to reinvent its dealership business model. The goal: Bring buying and servicing a car in line with the convenience that consumers are experiencing at other retail businesses.
In this article GM TSLA Follow your favorite stocksCREATE FREE ACCOUNT Chevrolet Bolt at EPA’s National Fuel and Emissions Lab How far an electric vehicle can drive on a single charge is one of the most closely watched numbers in the automotive world. The official government process used to test and certify those ranges has
Jul 19, 2023, 04:31 PM ET Watch the Camping World SRX Series Thursday nights on ESPN. Kathryn Riley/SRX via Getty Images The Superstar Racing Experience (SRX) is back for its third season, and all the action and excitement are coming to ESPN. The Camping World SRX Series is home to some of the biggest names in
Barring any surprises, used-vehicle market analysts don’t expect to see steeper wholesale price declines in the second half of 2023. Price softening will continue to a degree in July following a second-quarter slump in wholesale used-vehicle prices that “erased” strong first-quarter gains in values, Cox Automotive Chief Economist Jonathan Smoke said during a quarterly call
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.