1:13 PM ET Associated Press DOVER, Del. — Before Chase Elliott shredded on a snowboard and Alex Bowman moonlighted in a sprint car, Rick Hendrick issued a warning to all his Cup drivers who craved extracurricular activities outside their lucrative NASCAR careers. Be careful. Or else. Even so, Hendrick Motorsports has become the home of
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Creditors holding about 90 percent of Carvana Co.’s bonds have been pitching the beleaguered used-car company on ways to pare down debt and improve liquidity, including a proposal for a debt-for-equity swap, according to people with knowledge of the situation. The group, represented by White & Case and PJT Partners, recently offered to swap a
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors. As America’s cheapest
When Craig Courtney became finance director in 2017 for Taylor Chrysler-Dodge-Jeep-Ram in Bourbonnais, Ill., about 55 miles south of Chicago, his vacation days often were spent leading church mission trips to the Dominican Republic. With just one full-time F&I manager and one assistant, no department guidelines and a dot matrix printer, Courtney wanted to ensure
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors plans to stop production of its electric Chevrolet
12:28 PM ET BAKU, Azerbaijan — Charles Leclerc described his pole position at the Azerbaijan Grand Prix as “a good surprise” after admitting he did not expect to be in contention for the fastest time in qualifying. Leclerc beat championship leader Max Verstappen to the top spot in Friday qualifying by 0.188s, meaning he will
California regulators on Friday approved new rules requiring all medium- and heavy-duty vehicles sold in the state in 2036 be zero-emission, a day after the California Air Resources Board (CARB) adopted reduced emission regulations for locomotives. “With these actions requiring all new heavy-duty truck sales to be zero emission and tackling train pollution in our
In this article LCID LCID Follow your favorite stocksCREATE FREE ACCOUNT Lucid showing a preproduction version of the Gravity, a luxury electric SUV, testing on US public roads. The Gravity is expected to begin shipping in 2024. Courtesy: Lucid Luxury electric-vehicle maker Lucid Group said Tuesday that it has begun testing its next model, a
10:52 AM ET BAKU, Azerbaijan — Max Verstappen says he is not motivated by winning a record number of Formula One titles by the end of his career and is instead tempted by racing in other categories of motorsport when his Red Bull contract expires. The current record for the most championship victories is jointly
Elon Musk slipped into Washington Wednesday for talks with lawmakers about artificial intelligence. The Tesla Inc. CEO later tweeted about the meetings, suggesting that regulating AI might be appropriate. “That which affects safety of the public has, over time, become regulated to ensure that companies do not cut corners,” he wrote. “AI has great power to
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, chief executive officer of General Motors Co., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty Images DETROIT – When a company beats Wall Street’s earnings expectations and raises guidance
9:04 AM ET The half-brother of MotoGP GOAT Valentino Rossi, Luca Marini is living up to big expectations. Jose Breton/Pics Action/NurPhoto via Getty Images There’s a simple, perfectly reasonable explanation for how VR46 Ducati rider Luca Marini began on his journey to MotoGP. “We were lucky because at my age, a lot of families [in Italy]
Lithia Motors Inc., now the largest seller of new vehicles in the U.S., appears to have eliminated around 1,000 unspecified positions this year. The move comes amid lower gross profits on new and used vehicles and as the auto retailer’s same-store new and used vehicle sales slipped in the first quarter compared to a year
In this article MBLY Follow your favorite stocksCREATE FREE ACCOUNT Mobileye signage during the company’s IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed
McLaren’s next flagship — a Formula-1-inspired two-seat model — will debut a lightweight hybrid system. At its global retailer meeting on Tuesday, the British supercar brand revealed details of the Ultimate Series model, which should arrive around 2026. An in-house developed V-8 engine and the hybrid system will power the two-seater, according to two dealer
Huawei’s co-developed Aito electric car brand is now selling an updated version of the M5 model that comes with new driver-assist tech. Bloomberg | Bloomberg | Getty Images BEIJING — Companies in China are playing up assisted driving technology as a way to compete in the hot electric car market. Around the Shanghai auto show
12:23 PM ET Ferrari sporting director Laurent Mekies will replace Franz Tost as boss of the AlphaTauri Formula One team after the 2023 season. Mekies will take over as team principal on a date yet to be determined, with long-serving boss Tost moving into a consultancy role. AlphaTauri, Red Bull’s second F1 team, will also
Group 1 Automotive Inc.’s net income plunged 22 percent for the first quarter even as acquisitions, service business growth and elevated vehicle pricing pushed the dealership group’s revenue to a new quarterly record. Net income for the quarter was $158.4 million, Group 1 reported Wednesday. Revenue increased 7.4 percent to $4.13 billion. Group 1, of