7:32 AM ET Toto Wolff thinks Mercedes has missed the straightforward approach of former non-executive chairman Niki Lauda, especially during the struggles of the last year and a half. Three-time champion Lauda was an integral part of the dominant Mercedes team up until his death in 2019. Lauda was frequently at races in that role
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Used-vehicle retailer Canada Drives has filed for and been granted creditor protection as the company seeks to restructure its business and abandon online sales amid escalating inventory costs and weakening used-vehicle prices. The Vancouver-based company said March 21 that its business model, based on a fully online purchasing and trade-in experience, has proved popular among
In this article LAZR LAZR Follow your favorite stocksCREATE FREE ACCOUNT A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar’s Iris, to showcase the differences in the technologies. Michael Wayland / CNBC Lidar maker Luminar Technologies, stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case
9:45 AM ET McLaren have announced the departure of technical director James Key as part of a design team overhaul that will see the leadership of its technical department split between three people. The news follows a disappointing start to McLaren’s 2023 campaign, with the team failing to score a point in the opening two
WASHINGTON — U.S. Rep. Darrell Issa, R-Calif., reintroduced a bill Wednesday that would amend U.S. patent law by reducing the time automakers can enforce design patents on collision repair parts to two and a half years from 14 years against aftermarket parts suppliers. The bill — known as the Save Money on Auto Repair Transportation,
In this article OUST Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar
9:00 AM ET Jenson Button will take part in three NASCAR Cup Series races in 2023, beginning this weekend at the Circuit of the Americas. James Gilbert/Getty Images “If I’m being honest, never in a million years …” Jenson Button, the 15-time Formula One race winner, is speaking for himself. At least, that is his intent.
WASHINGTON — Hyundai Motor America is recalling nearly 568,000 pickups and crossovers in the U.S. that are potentially equipped with trailer harness modules that could catch fire. The recall covers 2019-23 Santa Fe midsize crossovers, including 2021-23 hybrids and 2022-23 plug-in hybrids, as well as 2022-23 Santa Cruz compact pickups. Hyundai is advising owners to
In this article F Follow your favorite stocksCREATE FREE ACCOUNT The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating
Production of the Chevrolet Camaro sports car will end after the 2024 model year. The last sixth-generation Camaro, which debuted as a 2016 model, will leave General Motors‘ Lansing Grand River Assembly plant in January, Chevrolet said Wednesday. There was no immediate plan to replace the Camaro, though the brand hinted at a future possibility.
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors‘ self-driving vehicle unit Cruise acknowledged that some of its cars stalled out on city streets in San Francisco following rainstorms that downed trees there on Tuesday night. A witness to the Cruise robotaxi failures, John-Phillip Bettencourt, shared photos of the stalled vehicles on
A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors of producing faulty transmissions for about 800,000 vehicles from the 2015 to 2019 model years. Monday’s decision by U.S. District Judge David Lawson covers several Chevrolet and GMC trucks and SUVs, several Cadillac models, and the Chevrolet
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Shares of Carvana popped during early trading Wednesday after the embattled used car retailer pre-announced guidance for the first quarter and
With Tesla Inc‘s plan to open a $5 billion Gigafactory in Mexico, the country should soon become a hub of electric vehicle production, but EVs remain too expensive for most Mexicans and they are impractical to drive in much of the country, which lacks enough charging stations. Mexico has made reviving fossil fuel output a
6:45 AM ET Mercedes boss Toto Wolff said his team are “changing things” in a bid to improve their position ahead of the Australian Grand Prix on April 2. Speaking to reporters at the Saudi Arabian Grand Prix, team principal Wolff said he would have no shame if the revamped car ended up resembling a
Sales of certified used vehicles in the U.S. fell in 2022 to their lowest level in eight years as dealers grappled with a stunted supply of certifiable used vehicles returning to market and some customers switched back to purchasing new vehicles as production improved. Last year, sales of certified pre-owned vehicles dropped to 2.49 million,
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford revealed the electric 2023 Explorer for Europe on March 21, 2023. Ford DETROIT — Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV
11:44 AM ET Ferrari drivers Charles Leclerc and Carlos Sainz struggled to find anything positive to say about their cars after a tough race in Saudi Arabia followed a disappointing start to the Formula One season in Bahrain. Sainz finished sixth and Leclerc seventh in Jeddah, behind Red Bull’s Sergio Perez and Max Verstappen, Fernando