Formula One boss Stefano Domenicali has called on the sport’s governing body the FIA to hand out sporting sanctions, not financial penalties, to any team that breached the 2022 budget cap. In October Red Bull was given a $7 million fine and a 10% reduction in wind tunnel testing time as punishment for breaching the
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AutoNation Inc.’s net income dropped 28 percent in the second quarter as gross profit from new and used vehicles continued to decline. Second-quarter net income was $272.5 million, a drop from $376.3 million in the year-earlier quarter. Revenue remained flat, at nearly $6.9 billion, for the Fort Lauderdale, Fla., company. The country’s second-largest dealership group
Send your questions directly to Jim Cramer and his team of analysts at investingclubmailbag@cnbc.com . Reminder, we can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: What are your thoughts on the stability of FORD’s dividend? Thank you, Denise The quickest
Marshall Pruett, Racing columnistJul 20, 2023, 01:52 PM ET Marcus Ericsson, foreground, and Alex Palou are fourth and first in the IndyCar standings, respectively, and yet both might leave Chip Ganassi Racing after this season. AP Photo/Michael Conroy IndyCar is readying a “hold my beer” moment of epic proportions. The average Formula One or NASCAR silly
General Motors is working to open a warehouse for electric vehicle parts at the former American Motors Corp. site in Detroit to serve its nearby Factory Zero assembly plant. The automaker confirmed it will control a new 793,520-square-foot warehouse on the city’s west side, but it will be staffed and operated by Logistics Insight Corp.,
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk‘s multiple ventures and the relationships between them are facing increased scrutiny as the Tesla CEO continues to add more to his
Laurence Edmondson, F1 EditorJul 20, 2023, 08:43 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 BUDAPEST, Hungary — Daniel Ricciardo said he has fallen in love with Formula One again as he prepares for his return to the grid with AlphaTauri at this weekend’s Hungarian Grand Prix. After being dropped
WASHINGTON — Ford Motor Co. had the most recalls of any automaker in the first half of 2023, NHTSA data shows. Through June, Ford had issued 31 recalls affecting more than 4.1 million vehicles in the U.S. In the same six-month period in 2022, Ford also topped the list, with 44 recalls covering more than
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Carvana has reached a deal with noteholders to reduce the used car retailer’s total debt outstanding by over $1.2 billion, the company
Former AlphaTauri driver Nyck de Vries has spoken out for the first time since being sacked by Red Bull. De Vries has been replaced at Red Bull’s junior team by Daniel Ricciardo, effective from this weekend’s Hungarian Grand Prix onwards, and dropped from its driver programme entirely. De Vries, who impressed as a stand in
MARSHALL, Mich. — With site preparations underway for Ford Motor Co.’s massive electric vehicle battery plant in rural Marshall, local farmers and residents worry about the impact on their businesses and environment. What is the cost to farms and the environment when industrial production moves into a small community? That is the question many in
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tata Motors concept EV on show at the India Auto Expo 2023 on Jan. 12, 2023. Anindito Mukherjee | Bloomberg | Getty Images The Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian
Associated Press Jul 19, 2023, 12:48 PM ET IndyCar will implement a new, stronger piece of hardware designed to keep rear wheels attached to the car during a wreck after a tire flew off Kyle Kirkwood’s car and narrowly missed a packed grandstand during the Indianapolis 500. The series said Wednesday that chassis manufacturer Dallara
Despite surging U.S. sales of electric vehicles, the market is cooling for some of the promising startups and legacy automakers that shot to the top of the EV charts last year, according to new registration data from Experian. New EV registrations rose by a healthy 68 percent in the January-to-May period to a record 447,514
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla reports
LANSING, Mich. — Chevrolet is loading the next-generation Traverse crossover with its first-ever off-road trim, more standard safety features and larger touchscreens. The 2024 Traverse, scheduled to go on sale early next year, has an updated design and a new engine with more horsepower and torque, General Motors said Monday. The redesigned three-row crossover will
We’re raising our eyebrows at Ford ‘s (F) new price cuts on its popular electric pick-up truck. The move appears to challenge the automaker’s claims that the F-150 Lightning is in high demand. Ford announced Monday it will cut prices on the Lightning between 7% and 17% depending on the model. The base, which was
Red Bull boss Christian Horner said it is clear Daniel Ricciardo’s “golden objective” is to replace Sergio Perez a year-and-a-half from now. Ricciardo has replaced Nyck de Vries at Red Bull’s second team AlphaTauri and will make his F1 comeback at the Hungarian Grand Prix on July 23. Editor’s Picks The Australian driver’s return has