MEDFORD, Ore. — Dealership acquisitions, already a hallmark of Lithia Motors Inc.‘s long-term growth strategy as it became the country’s largest seller of new vehicles, will play an even bigger role in an update to its audacious plan to reach $50 billion in annual revenue by the end of 2025. CEO Bryan DeBoer said Lithia’s
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In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Nio co-founder William Li poses inside a Nio EC7 at the Shanghai auto show on April 19, 2023. Hector Retamal | Afp | Getty Images BEIJING — Chinese electric car brand Nio said Monday it is cutting prices for its cars by the equivalent of
Associated Press Jun 11, 2023, 10:43 AM ET LE MANS, France — Ferrari ended a 50-year absence from the 24 Hours of Le Mans by toppling mighty Toyota on Sunday in the centenary running of the most iconic sports car race in the world. Ferrari last competed at Le Mans in 1973 but returned to
The former site of Buick City, a long-vacant property in Flint, Mich., that was once the world’s largest auto plant complex, is getting new life. Officials held a ceremonial groundbreaking last week at the 400-acre site, which had nearly 30,000 General Motors workers at its peak in the 1950s. Factories there churned out nearly 16
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT An employee uses a flash grinder to smooth out the metal frame of a sports utility vehicle (SUV) on the production line at the General Motors Co. (GM) assembly plant in Arlington, Texas. Matthew Busch | Bloomberg | Getty Images DETROIT – General Motors plans
Red Bull chief engineer Paul Monaghan said the team were annoyed by the pictures which circulated of its car floor design, but they do not think “ignorant copies” will make any of their rivals go faster. The underside of the dominant RB19 was photographed after Sergio Perez crashed out of qualifying and his car was
WASHINGTON — U.S. Sen. Gary Peters has introduced legislation to reduce the nation’s dependence on China and other foreign adversaries for critical minerals used in electric vehicle batteries and other technology. The bipartisan bill — called the Intergovernmental Critical Minerals Task Force Act — would require the Office of Management and Budget to create a
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Shares of online used-car retailer Carvana surged Thursday after the company said its second-quarter results would likely come in ahead of
Associated Press Jun 8, 2023, 09:53 AM ET Ryan Hunter-Reay will return to the IndyCar Series as Conor Daly‘s replacement at Ed Carpenter Racing, the team announced Thursday. Daly was let go Wednesday in what team owner Carpenter called one of the most difficult decisions of his tenure running the organization. Carpenter cited performance issues
DETROIT — How can an electric vehicle owner charge at home without a garage? Can an EV go through a car wash? General Motors said it has heard these questions from consumers interested in learning more about electric vehicles. And it’s taking a virtual approach — supported by humans — to provide answers and overcome
In this article GM TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk last visited China in 2020 for the delivery ceremony of the Model 3. His first visit in 3 years saw the Tesla CEO meet with top government officials and speak to staff at the Shanghai Gigafactory. Ding Ting | Xinhua News Agency
Laurence Edmondson, F1 EditorJun 8, 2023, 12:49 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Formula One has said the running of next weekend’s Canadian Grand Prix in Montreal is not at risk from the wildfires burning in Quebec. Smoke from more than 150 active wildfires has blown south from
FLINT, Mich. — As General Motors ramps up electric vehicle production over the next several years, the automaker is working to show employees that they have a role in the EV future, its top manufacturing executive said. At the same time, the company plans to add electric vehicle capacity by repurposing existing plants, including turning
One of our best-performing stocks over the past month may come as a surprise — especially given all the market excitement around the current artificial intelligence-fueled rally, which has largely been confined to a select few mega-cap tech names. It’s Ford (F), whose stock has jumped 15% since its $12-per-share close on May 8. The
Jun 8, 2023, 01:57 PM ET Next week’s Canadian Grand Prix in Montreal will be a bigger challenge for resurgent Mercedes than last Sunday’s Spanish Grand Prix, the team’s trackside engineering director Andrew Shovlin said on Thursday. Mercedes finished second and third at Barcelona’s Circuit de Catalunya with seven-time Formula One world champion Lewis Hamilton
DETROIT — Selling cars is only part of what Lindsberg Pettway does in his job as a Chevrolet salesman. A former high school principal who’s now the floor sales manager at Feldman Chevrolet of Livonia in suburban Detroit, Pettway says he brings transparency to the process. This is the basis of his presence on TikTok
In this article TSLA F GM Follow your favorite stocksCREATE FREE ACCOUNT TESLA logo on a charging station at on May 26, 2023 in Merklingen, Germany. Harry Langer/ | Defodi Images | Getty Images In a matter of weeks, Ford Motor, General Motors and Tesla appear to have shifted the tide on electric vehicle charging
Marshall Pruett, Racing columnistJun 8, 2023, 06:44 PM ET With the Hypercar class surging, the buzz is back at Le Mans. James Moy Photography/Getty Images LE MANS, France — Toyotas are being hunted this weekend in France, and it’s for a good reason. Thanks to an overall victory streak that has reached the gaudy heights of