In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle startup Rivian Automotive reported mixed fourth-quarter earnings and a lackluster production outlook after the bell
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9:54 AM ET Susie Wolff, former principal of the Venturi Formula E team and wife of Mercedes boss Toto Wolff, has been appointed managing director of the new all-female Formula One academy, F1 said on Wednesday. The new series aims to help young female drivers move up the motorsport ladder. No woman has started a
Waymo, the self-driving technology Google affiliate, laid off more employees in its second round of job cuts this year, totaling 8 percent or 209 of its workforce, the firm told Reuters on Wednesday. Investors and industry watchers have been concerned about billions of dollars that have been poured into the self-driving technology sector in a
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaks at Tesla’s 2023 investor day on March 1. Screenshot Electric vehicle maker Tesla hosted a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans
2:56 PM ET Laurence Edmondson Close Laurence Edmondson F1 Editor • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Nate Saunders Close Nate Saunders General Editor, F1 The new Formula One season starts with the Bahrain Grand Prix on March 5. Here’s some answers to the most important questions of the season to bring
Rivian Automotive Inc. CEO RJ Scaringe said the automaker is not joining the electric vehicle price battle started by Tesla Inc. this year because of Rivian’s robust order backlog and the overall value of its vehicles at current price levels. “We feel confident in the value proposition of what we’re delivering at our pricing levels today,” Scaringe
The exterior of an Aston Martin store. Jeremy Moeller | Getty Images News | Getty Images LONDON — British luxury carmaker Aston Martin Lagonda forecasts better profitability this year, after widening its 2022 pretax losses on the back of a weakening U.K. currency. The company more than doubled year-on-year pretax losses to £495 million ($598
8:37 AM ET Associated Press Marco Andretti will attempt to defend the only professional championship of his career when he returns this summer to Superstar Racing Experience, the all-star series created by Tony Stewart. Andretti was among five IndyCar drivers named Tuesday to the series, which last week confirmed Stewart would return to run the
Tesla Inc. CEO Elon Musk is expected to outline a series of initiatives to take the automaker into the future at Wednesday’s Investor Day event, including a new vehicle platform that could be used for a less-expensive entry-level model and for an autonomous robotaxi without human controls. A possible $25,000 Tesla is the main news
In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500
5:00 AM ET Struggling with where your support should like this Formula One season? This is the guide for you. Although without Sebastian Vettel, Daniel Ricciardo and Mick Schumacher this year, F1 is packed full of great drivers and compelling characters. There’s plenty of candidates for your favourite team or driver in 2023. Here we
Electric-vehicle startup Fisker Inc. on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares up 30 percent to $7.40. EV makers, like the broader auto industry, have been struggling with production bottlenecks sparked by the pandemic and many now face waning demand amid
In this article TSLA HYU-FF TM BMWB-FF Follow your favorite stocksCREATE FREE ACCOUNT This image, from September 2021, shows a BMW iX5 Hydrogen in Munich, Germany. Krisztian Bocsi | Bloomberg | Getty Images The BMW Group on Monday launched a pilot fleet of hydrogen vehicles, with the German automotive giant’s CEO referring to hydrogen as
Feb 26, 2023 SAKHIR, Bahrain — After three days of testing in Bahrain, Formula One is just seven days from the first race of the new season on March 5. The single preseason test ran remarkably smoothly for the vast majority of teams, but it was clear by the evening of the final day that
American Car Center last week told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter. The used car lender, which tends to target consumers regardless of their credit history, said in an email to employees the firm
In this article FSR FSR Follow your favorite stocksCREATE FREE ACCOUNT Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric
Feb 23, 2023 SAKHIR, Bahrain — Reigning world champion Max Verstappen started the 2023 Formula One season where he left off in 2022 by topping the first morning of testing in Bahrain. The Red Bull driver set a 1:32.959 — 2.5 seconds off last year’s pole position time at the same circuit — as all
TOKYO — Nissan says it will be able to comply with U.S. local sourcing rules for electric vehicle tax credits from 2026 as it consolidates platforms and drivetrains for more competitive EVs. The automaker will begin offering six EV nameplates in the important U.S. market from that year. The lineup will include a next-generation Leaf