Come learn about Automotive News‘ PACEpilot program at a free information session on May 16 in Detroit with program judges, a recent honoree and Executive Editor Jamie Butters. PACEpilot recognizes pre-commercial Innovations to Watch in the automotive and future mobility space. These represent not only products, but also software/IT systems and other processes that have
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UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, March 27, 2023. Rebecca Cook | Reuters DETROIT – Leaders of the United Auto Workers are withholding a re-election endorsement for President Joe Biden until the union’s concerns about the auto industry’s transition to all-electric vehicles are addressed, according to
Carvana Co., under pressure from investors in advance of its earnings report on Thursday, indicated that its first-quarter loss on an adjusted basis will be less than it was a year earlier as used-vehicle sales are also expected to decline. The online used-vehicle retailer has been working to scale back growth endeavors, trim costs and
Attendees view vehicles at the Jeep booth during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023. Stephanie Keith | Bloomberg | Getty Images Carmaker Stellantis on Wednesday posted a 14% annual rise in first-quarter net revenues as an easing of semiconductor supply chain pressures
ANAHEIM, Calif. — Leveraging its experience offering fuel cell passenger vehicles, Hyundai Motor Co. plans to offer a hydrogen-powered heavy-duty truck in the U.S. this year. Hyundai unveiled the production version of its Xcient Fuel Cell Class 8 truck on Tuesday at the ACT Expo just a block from Disneyland in California. “Our hydrogen fuel
Club holding Ford (F) on Tuesday showed investors it had righted the ship in the first quarter following a dismal end of 2022, easing our concerns that the legacy automaker had lost its way. Automotive revenue for the three months ended March 31 increased about 21% year-over-year, to $39.09 billion, topping analysts’ forecasts of $32.08
9:04 AM ET It has been 5,799 days and counting since an American driver with a full-time Formula One seat contested a U.S. Grand Prix. Scott Speed finished 13th at Indianapolis in 2007 for what was then known as Scuderia Toro Rosso, and it would be the last time he would see the checkered flag
Credit Acceptance Corp.’s net income dropped 54 percent in the first quarter to $99.5 million compared with a year earlier as the company set aside $114.1 million more as a hedge against future losses. The subprime-focused auto lender said Monday it had experienced lower first-quarter profitability on loans from 2020 to 2022 than it had
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. Florence Lo | Reuters Tesla hiked the price of several cars in key markets, including the
11:34 AM ET Max Verstappen called George Russell a “d—head” after they collided on the opening lap of the sprint race at the Azerbaijan Grand Prix. Verstappen was fuming after the Mercedes driver barged past him on the inside at Turn 2, with the contact almost putting the championship leader in the wall. Cameras later
Gentex Corp., supplier of high-tech rearview mirrors, dimmable glass and automotive electronics, is investing in and collaborating with an Israeli company that has created a small thermal camera. Such a device can be used to improve the safety of self-driving cars and to help reduce accidents involving pedestrians. Adasky was founded in Israel in 2016.
In this article RIDE RIDE Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Shares of electric vehicle startup Lordstown Motors disclosed on Monday that a funding deal with Foxconn is in jeopardy – and that it
1:05 PM ET Associated Press BIRMINGHAM, Ala. — IndyCar is staying at Barber Motorsports Park at least through 2027. The series and ZOOM Motorsports announced an extension to continue racing at the permanent road course on Sunday, a few hours ahead of the 13th running. The Children’s of Alabama Indy Grand Prix has been held
FRANKFURT — Cutting economic ties with China is unrealistic, Mercedes-Benz CEO Ola Kallenius told a German newspaper, and attempting to do so would put most of the country’s industry at risk. Europe is trying to reduce its dependency on China as the disruption of the pandemic and the Ukraine crisis have highlighted the dangers of
6:12 PM ET ESPN News Services BIRMINGHAM, Ala. — Scott McLaughlin finally got an opening to surge past Romain Grosjean, took advantage of it and was scarcely challenged the rest of the way to his fourth IndyCar win Sunday at Barber Motorsports Park. It was the second time this season they’ve battled for a potential
Only a few years ago, terms like “carbon neutrality,” “greenhouse gas” and “carbon footprint” were relegated to the world of scientists, environmentalists and green-leaning merchants. Now they are on the lips of virtually every company in the global auto industry. In boardrooms and shareholder presentations, in auto plants and component manufacturing settings from Tokyo to
6:35 AM ET Associated Press BIRMINGHAM, Ala. — It’s Romain Grosjean‘s turn to start up front for Andretti Autosport. The former Formula 1 driver and Swiss-born Frenchman is trying to duplicate teammate Kyle Kirkwood‘s pole-to-win performance after claiming the pole position for Sunday’s IndyCar race at Barber Motorsports Park. Grosjean emerged with his third pole
Automakers have sent retailers enough new vehicles to restore a 30-day supply to three major publicly traded auto groups, based on first-quarter earnings reports. “New-car inventory is building,” Sonic Automotive Inc. President Jeff Dyke said on the company’s first-quarter earnings call on Thursday, April 27. One auto group saw the time for increased incentive spending