Vehicle battery manufacturer Clarios is shifting some production out of a striking plant near Toledo, Ohio. More than 400 members of UAW Local 12 have been on strike at the plant since May 8. Beginning this week, the Ford and General Motors supplier is shifting some production from the Holland, Ohio, plant to a factory
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The world contains vast quantities of lithium, an integral element in electric vehicle batteries. And though lithium is commonly mined from hard rock, the majority of the world’s lithium reserves are actually found in brine, extremely salty water beneath the Earth’s surface. Today, brine mining involves evaporating the brine in massive, extravagantly colored pools over
Jun 5, 2023, 12:41 PM ET Basketball great LeBron James will be the official starter when the 24 Hours of Le Mans sports car race celebrates its centenary this weekend, organizers of the endurance classic said Monday. The Los Angeles Lakers forward, the NBA’s leading career scorer and a four-time champion, joins a list of
A gaggle of May sales reports from different regions and companies affirm that the slump in demand for new vehicles that at least some industry executives feared has not happened – so far. In China, BYD boosted sales by 14 percent in May compared to April, according to preliminary figures from the China Passenger Car Association.
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images DETROIT – General Motors plans to invest more than $1 billion in two Michigan
Associated Press Jun 4, 2023, 06:21 PM ET DETROIT — Alex Palou started and finished first in the Detroit Grand Prix on Sunday, winning his second IndyCar race in less than a month and the sixth of his career. The Spaniard, who won the Indianapolis Grand Prix, led 74 of 100 laps on Detroit’s new
WASHINGTON — For years, automakers have voluntarily equipped most new passenger cars and trucks with technology that can stop or slow a vehicle to prevent a collision. Now, U.S. auto safety regulators are proposing to require such systems — and demand that many improve. NHTSA last week released a proposal to mandate automatic emergency braking,
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin Sullivan
Charles Leclerc has said he cannot understand why Ferrari is struggling to get the most out of its Formula One car at the moment. Leclerc finished 11th at the Spanish Grand Prix after qualifying 19th and starting from the pit-lane. Ferrari had made changes to the rear end of his car overnight after his struggles
Housed in an old hangar at the historic Coleman A. Young Municipal Airport in Detroit is the Sigma-6, a sleek $5 million eVTOL aircraft that represents the future of aviation. But the electric vertical take-off and landing machine is running out of runway. Airspace Experience Technologies, the startup behind the aircraft, has burned through nearly
In this article ALB TSLA Follow your favorite stocksCREATE FREE ACCOUNT Demand for lithium, a key component for electric vehicle batteries, is expected to surge, from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons in less than a decade, according to McKinsey & Company. Albemarle, the world’s top producer of this
A fan whose car was smashed by a tire that went flying during the Indianapolis 500 is getting a new ride, courtesy of the track owner who happens to be one of the country’s biggest auto dealers. Penske Entertainment is replacing Robin Matthews’ 2012 Chevrolet Cruze, a spokesperson for the Indianapolis Motor Speedway told The
A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. Michael Wayland / CNBC DETROIT — The automotive and logistics industries are no strangers to robots. They’re among the most heavily invested
Laurence Edmondson, F1 EditorJun 3, 2023, 03:18 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MONTMELO, Spain — Charles Leclerc suspects a mechanical issue was to blame for his lack of pace in qualifying for the Spanish Grand Prix. The Ferrari driver will start 19th on Sunday’s grid after finishing
A veteran automotive retail executive has teamed up with a recognized Kia dealership manager to buy their first stores: three franchised dealerships, plus a used-car lot, in rural Texas. Chuck Kramer, former COO of Foundation Automotive Corp., formed a partnership in February with Kimberly Eakin, general manager of Dennis Eakin Kia in Killeen, Texas. On
In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang Mach-E vehicles at a Ford dealership in Colma, California, on July 22, 2022. Bloomberg | Getty Images After a home, buying a car is the most expensive purchase most consumers will ever make during their lifetime. The transition to electric vehicles by
Laurence Edmondson, F1 EditorJun 2, 2023, 01:27 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MONTMELO, Spain — Seven-time champion Lewis Hamilton is concerned he might not make the top 10 in qualifying for the Spanish Grand Prix after he finished Friday’s practice sessions 11th fastest. After he finished fourth
General Motors sees the biggest revenue opportunities from software and services that go beyond what vehicles offer today, rather than charging for features such as heated seats that customers already expect, CEO Mary Barra said Friday. Such software and services represent a major growth opportunity for GM, particularly as they extend beyond a vehicle’s first