In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT 1962 Ferrari 250 GT SWB California Spider Courtesy of Gooding & Company, Images by Mathieu Heurtault. Wealthy car collectors spent a record amount at the classic-car auctions at Amelia Island over the weekend, suggesting the market remains strong despite recession fears and falling stocks. Total
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4:52 AM ET Aston Martin driver Lance Stroll detailed on Tuesday his successful battle to be fit for the start of the Formula One season with broken wrists after a cycle accident and said his doctors feared initially he would miss the opening races. The Canadian finished sixth in Sunday’s Bahrain opener despite injuries that
TOKYO – The global chairman of the struggling Japanese premium brand Infiniti is retiring from the position at the end of the month and will be replaced by an interim head. Peyman Kargar, who has led Infiniti since June 2020 and was preparing for a wide-ranging brand reboot centered on the QX80 SUV, will leave
A VinFast VF8 electric car on display in a showroom. Yu Ruidong | China News Service | Getty Images It has been a challenge for Vietnamese electric vehicle maker VinFast to crack the U.S. market amid tough competition and softening demand. VinFast cut monthly lease prices for its first U.S. buyers to $399, down from
7:51 AM ET Reliability was not the top concern for new Ferrari boss Fred Vasseur before the start of the Formula One season but Sunday’s opening race in Bahrain sent it back up the list of priorities. Charles Leclerc, who led a Ferrari one-two from pole at Sakhir last year, lost power and retired 17
As Ford Motor Co. asks many dealers to spend upwards of $1 million to sell future EVs, it also wants retailers to invest in new commercial-focused facilities with larger service bays and expanded hours that it says will boost fixed operations profitability. The automaker in the coming years expects its retail network to open 120
DETROIT — Consumers hoping for a deal this spring on a used car or truck might be out of luck, as wholesale used vehicle prices increased for a third consecutive month in February. Cox Automotive on Tuesday reported wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the
Nissan Motor Co.’s credit rating was slashed to junk by S&P Global Ratings, a blow for an automaker that has struggled to boost profitability in the years following former Chairman Carlos Ghosn’s arrest and the industry’s pivot toward electrification. The automaker’s credit rating was cut by a notch to BB+ by S&P, which said a
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A drivers uses a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Tesla cut prices on its two most expensive models in the U.S., the Model S and Model X, in a
9:04 AM ET In the hours after Sunday’s Bahrain Grand Prix some of Max Verstappen’s rivals seemed ready to hand him this year’s title with 22 races still to run. The Red Bull driver won the opening race of the season by 11 seconds from his teammate Sergio Perez and by a massive 38 seconds
WASHINGTON — The top U.S. auto safety regulator on Monday said it is investigating Zoox Inc.’s self-certification in 2022 that its robotaxi met all applicable federal safety standards. NHTSA said in a filing made public Monday that it will examine the process and technical data that Amazon-owned Zoox relied on when certifying that its robotaxi
In this article 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 Lordstown Motors said Monday that it still had more than $220 million in cash at the end of 2022, despite ongoing challenges that halted
7:22 PM ET Associated Press LAS VEGAS — One way or another, a Hendrick Motorsports driver figured to win Sunday’s NASCAR Cup Series race at Las Vegas. Kyle Larson nearly won the Pennzoil 400 in regulation, but a late caution put teammate William Byron in position to capture the checkered flag in overtime. Byron took
Dalton Corp., a large Mexican company with businesses in several industries including auto retail, entered the U.S. dealership market in November with the purchase of two California stores after searching for years for the right fit. And it wants to add more north of the Mexican border. Dalton, of Guadalajara in western Mexico, on Nov.
3:47 PM ET Associated Press ST. PETERSBURG, Fla. — Jack Harvey was taken to a hospital for observation and Helio Castroneves needed an ice pack and X-rays. A pair of cars went airborne, the leaders crashed into each other and the entire Andretti Autosport fleet was eliminated. Indianapolis 500 winner Marcus Ericsson, meanwhile, won the
In December 2021, a strange creature began running around Audi factories, helping them to prepare for the future. Spot, a robotic dog developed by Audi and NavVis, a German startup, carries a 3D laser scanner that records images of every tool and square meter. The images will be fused to create a digital twin of
In this article PSNY Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups. The company on Thursday reported an 84% increase in revenue for 2022 to
1:27 PM ET SAKHIR, Bahrain — Mercedes team principal Toto Wolff has told his engineers to go back to the drawing board after conceding the team’s car concept is not good enough to fight for the title this year. George Russell and Lewis Hamilton qualified sixth and seventh for the opening race of the 2023