In this article AVAV BA.-GB GM P911-DE MBG-DE AMPX Follow your favorite stocksCREATE FREE ACCOUNT Lithium-ion battery performance has hit a plateau in recent years, but a breakthrough in technology promises new heights are soon to be in sight. Batteries made with silicon instead of graphite — the commonly used material in battery anodes today
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6:24 PM ET Associated Press Craig Breedlove, who set land-speed records by topping 400, 500 and 600 mph in jet-powered cars nicknamed Spirit of America, has died. He was 86. Breedlove died at his home in Rio Vista, California, on April 4. His wife, Yadira Breedlove, said the cause of death was cancer. Breedlove battled
The industry disruption that followed the COVID-19 pandemic, which left dealership lots bare and shoppers struggling to find cars, has turned the buying process on its head. “Customer service everywhere has gotten significantly worse since the pandemic,” said Matthew Phillips, CEO of Car Pros, a dealership group operating seven stores in California and Washington. “Organizations
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake
8:14 AM ET James Allison has returned to the role of technical director at the Mercedes Formula One team after switching jobs with Mike Elliott. Team boss Toto Wolff confirmed the news in an interview with Autosport, saying the decision came from Elliott, who took on the role of technical director when Allison became chief
A 50-year-old woman has been charged with felony embezzlement for allegedly stealing about $71,000 from a Toyota dealership in Philadelphia, Miss., local station WTOK reported. Philadelphia is in central Mississippi, northeast of Jackson. Latisha Jones Smith was formerly the comptroller for Doc’s Toyota, according to WTOK. Smith had been let go by Doc’s Toyota on
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Theo Wargo | Wireimage | Getty Images A rough week for Elon Musk was capped on Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO Elon Musk in an open letter made public on Friday. The
5:10 PM ET Associated Press INDIANAPOLIS — Scott Dixon‘s opinion about Sunday’s crash hasn’t changed, nor has Pato O’Ward‘s respect for the six-time IndyCar champion. Four days after the two drivers tangled in Long Beach, they arrived for the first of two Indianapolis 500 test sessions without speaking to one another. “No,” Dixon said when
The California attorney general and the attorneys general of 17 other states on Thursday asked a federal regulator to recall Hyundai and Kia vehicles, saying they are more likely to be stolen because they lack safety features that are standard in other cars. Hyundai Motor Co. and Kia Corp. vehicles represent a large share of
In this article F Follow your favorite stocksCREATE FREE ACCOUNT DEARBORN, Mich. — New video footage of a fire involving a Ford F-150 Lightning this year highlights a growing concern around electric vehicles: volatile fires from the batteries that power them. The previously unreleased footage, which CNBC obtained through Michigan’s Freedom of Information Act from
3:42 PM ET Kevin Harvick will make his 800th NASCAR Cup Series start on Sunday at Talladega. James Gilbert/Getty Images Here’s a real-life truth that no one understands until they find their lives standing squarely in the middle of that very truth. Being the wisest person in the room isn’t about being the smartest person in
DETROIT — The development of a new, nonlinear supply chain will be key to unlocking hundreds of billions of dollars in potential annual revenue from software, industry executives said on a panel at SAE‘s World Congress. The traditional supplier tier model is “falling apart,” said Maria Anhalt, CEO of software specialist Elektrobit. As automakers look
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y as well as electric car batteries. Christian Marquardt –
5:44 AM ET Claire Williams has launched a new charitable initiative in memory of her father, legendary team boss Frank Williams. He was the founder of the team which still shares his name and remains one of F1’s most successful team bosses, overseeing seven drivers’ championships and nine constructors’ championships. Williams, who died in 2021,
WASHINGTON — Electric vehicles from Volkswagen Group of America and some EVs made by Rivian Automotive will qualify for tax credits under the newly effective battery sourcing rules, the two automakers confirmed Wednesday. All variants of VW’s 2023 ID4 are eligible for the full $7,500 tax credit this year. “The ID4 is already one of
Toyota displays a new concept electric car — developed jointly with BYD and FAW — at the Shanghai auto show in April 2023. CNBC | Evelyn Cheng BEIJING — Toyota this week began taking orders for its first electric sedan in China, and announced two more models are set to come to the local market
1:27 PM ET Michael Schumacher’s family plans to take legal action against a German magazine that ran an AI-generated interview with the Formula One legend. German outlet Die Aktuelle ran a front cover spread promising an exclusive interview with Schumacher, who has not been seen in public since suffering a serious brain injury in a
Tesla Inc. missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. The EV maker’s net income during the latest period dropped 24 percent to $2.51 billion. Tesla reported total gross margin of 19.3