Hyundai Motor Group took another step to complete the puzzle for its new $5.5 billion electric vehicle production hub in southeast Georgia with the announcement Friday of a deal to source battery cells through a $4.3 billion joint venture with supplier LG Energy Solution. The companies will each hold a 50 percent stake in a
News
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Equities rise on hopes for debt deal Watch Ford Stick with Eli Lilly 1. Equities rise on hopes for debt deal Stocks rallied Friday morning, with the S & P
Ryan McGee, ESPN Senior WriterMay 26, 2023, 11:34 AM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year Alex Palou, who is 26 years old, will start Sunday’s 107th Indianapolis 500 from pole. Mykal McEldowney-USA TODAY Sports INDIANAPOLIS — Drivers, start your calendars. When
Stellantis has appointed Aamir Ahmed, a former Fiat Chrysler Automobiles marketer who went on to work for Amazon and Harman International, to lead the Fiat brand in North America. The move is effective immediately, the automaker said Thursday. Ahmed assumes the responsibility from Larry Dominique, who had been leading Fiat in addition to his role
DETROIT – A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other automakers’ EV strategies. The tie-up between the two rivals will give Ford owners access to more than 12,000 Tesla Superchargers across the U.S. and Canada, starting early next year. More importantly, Ford’s
Associated Press May 22, 2023, 08:56 PM ET INDIANAPOLIS — Stefan Wilson fractured his back during a heavy crash with Katherine Legge in practice for the Indianapolis 500 on Monday, and the injured driver will not be allowed back into his car for the 107th running of “The Greatest Spectacle in Racing.” The two British
Volkswagen Group and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said on Thursday. The settlement stipulates that the German automakers pay a civil penalty of $85 million for their unlawful actions, Paxton said. Earlier
In this article F TSLA Follow your favorite stocksCREATE FREE ACCOUNT Bill Farley and Elon Musk Getty Images DETROIT – Ford Motor CEO Jim Farley and Tesla and Twitter CEO Elon Musk will host a live, audio discussion via Twitter Spaces about accelerating EV adoption at 5:30 p.m. ET on Thursday, according to a post
Associated Press May 25, 2023, 11:17 AM ET INDIANAPOLIS — IndyCar driver Stefan Wilson had surgery to repair a fractured vertebrae that he suffered in practice for the Indianapolis 500, and car owner Don Cusick said Thursday that he was “in great spirits and feeling better.” Wilson was about halfway through a two-hour practice Monday
Hyundai and Kia are under pressure from lawsuits and regulators after a wave of car thefts last year. The wave was prompted by TikTok video that showed how to hot-wire Hyundai and Kia vehicles that lack an anti-theft device. Here’s the fallout by the numbers: 9 million: Hyundai and Kia vehicles on the road without
In this article BYDDY ZE594-CN F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion EV battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT — Ford Motor’s largest competition in
ESPN staffMay 24, 2023, 11:22 AM ET Facebook Twitter Facebook Messenger Pinterest Email print James Gilbert/Getty Images NASCAR is racing the Coca-Cola 600 on Sunday in Charlotte, North Carolina. Michael Jordan’s 23XI racing team will have two drivers — No. 23 Bubba Wallace and No. 45 Tyler Reddick — in the field for the longest
UAW President Shawn Fain on Wednesday called the hundreds of workers currently on strike against suppliers Clarios and Constellium an “inspiration” to the union as a whole and vowed to keep supporting them. “All these workers are leading the way for all of us right now,” Fain said in a 30-minute Facebook Live appearance. “Their
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM’s first all-electric Cadillac Escalade will be called the “Escalade IQ,” which continues Cadillac’s EV naming strategy that so far includes the Lyriq crossover and upcoming Celestiq ultra-luxury sedan. GM DETROIT – General Motors on Monday confirmed plans to introduce an all-electric version of its
Marshall Pruett, Racing columnistMay 24, 2023, 01:22 PM ET Despite already being an IndyCar champion, Tony Kanaan’s 2013 Indy 500 win changed his life. Chris Graythen/Getty Images Winning the Indianapolis 500 changes you. For life. There’s no reason to underplay the massive personal value of adding one’s name to the rostrum of triumph at Monaco, Daytona
Tesla knocked the U.S. luxury sales crown off BMW’s head last year, ending the German marque’s three-year reign in the segment. But BMW plans to beat the American upstart at its own game. Over the next few years, BMW will add competitively specced battery-powered models to its lineup of sedans and crossovers. Last year, electric
In this article 9868-HK XPEV Follow your favorite stocksCREATE FREE ACCOUNT A XPeng Inc. G6 electric sport utility vehicle (SUV). The company is hoping the release of the new car will boost sales which plunged in the first quarter. Qilai Shen | Bloomberg | Getty Images Shares of Chinese electric vehicle firm Xpeng dropped on
Associated Press May 23, 2023, 10:28 AM ET INDIANAPOLIS — Two-time Academy Award nominee Adam Driver, who will soon be starring as Enzo Ferrari in a biopic of the Italian automobile magnate, will serve as the honorary starter for the 107th running of the Indianapolis 500 on Sunday. Driver perhaps most famously played Kylo Ren