In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images The SEC argued in a letter to the U.S. Court of Appeals for the Second Circuit in New
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12:26 PM ET Associated Press In IndyCar’s effort toward environmental sustainability, one of the world’s largest tire manufacturers will rely on a desert shrub to produce a new source of natural rubber for its tires. Bridgestone Americas said Thursday it has used the offseason to incorporate more sustainable and bio-circular materials into its tires this
Carvana Co. said Thursday it recorded a net loss of $806 million in the fourth quarter, bringing its overall financial losses in 2022 to $1.6 billion. The company’s rising tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers’ used-vehicle demand, all
In this article RIDE Follow your favorite stocksCREATE FREE ACCOUNT Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors said Thursday it will suspend production and deliveries of its all-electric Endurance pickup to address
5:11 AM ET Formula One’s new all-female F1 Academy series will be on the support programme for the U.S. Grand Prix in Austin next October according to a seven round, 21-race calendar published on Thursday. The six other tracks used will be Austria’s Spielberg in April, Spain’s Valencia and Barcelona in May, Zandvoort in the
The number of vehicles earning the Insurance Institute for Highway Safety’s top awards in 2023 dropped compared with the previous year as the group called for better side crash protection and pedestrian crash prevention systems and toughened requirements for headlights. Twenty-eight models received the Top Safety Pick+ award this year, compared with 65 models at
In this article LAZR DMLRY LAZR Follow your favorite stocksCREATE FREE ACCOUNT Austin Russell, Luminar founder and CEO, with Markus Schäfer, Mercedes-Benz AG chief technology officer at Mercedes-Benz’ Sindelfingen, Germany plant. Mercedes-Benz Lidar maker Luminar said Wednesday that Mercedes-Benz will incorporate its sensors and software in a “broad range” of vehicles starting mid-decade, in a
SUNNYVALE, Calif. — Mercedes-Benz on Wednesday lifted the veil on a new operating system that will underpin the luxury automaker’s next-generation vehicles. MB.OS (Mercedes-Benz Operating System) combines in-house software development with technology collaborations to improve four key areas: infotainment, automated driving, body and comfort, and powertrain systems. “We are the architects of the system,” Mercedes-Benz
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000
3:25 PM ET There will be just three days of preseason testing before the opening race weekend of the 2023 Formula One season and they are about to get underway from February 23 to 25. The number of test days has been halved this year due to stability in the regulations from last year, and
BMW is electrifying the performance variant of its midsize crossovers. The 2024 BMW X5 M and X6 M crossovers will be offered exclusively as Competition models — with a new V-8 engine with 48-volt mild hybrid technology, exterior design updates and the latest generation of BMW’s iDrive control system. The freshened M models will debut
An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.
5:50 AM ET The charred remains of the Formula One car Romain Grosjean crashed at the 2020 Bahrain Grand Prix will go on display at a new exhibition in Madrid next month. Grosjean survived the terrifying accident, which saw his Haas crash into an unprotected barrier at 120mph, split in two and burst into flames.
General Motors’ Corvette assembly plant is idle this week due to a temporary parts shortage. GM spokesman Dan Flores would not specify which part caused the shortage but told Automotive News the shortage “is not semiconductor chip-related.” Production is expected to resume Monday, Feb. 27, at the plant in Bowling Green, Ky. “Our supply chain,
Billy Joe “Red” McCombs, who built his Texas dealership empire from a pair of used-car stores in Corpus Christi, died Sunday. He was 95. McCombs’ business enterprises spanned from real estate to ranching, professional sports to energy. But it was his start in automotive retail that launched what would become McCombs Enterprises, the umbrella company
11:12 AM ET Formula One’s preseason officially kicks off this week with three days of testing at the Bahrain International Circuit, but all 10 teams have already unveiled their cars to the world over the past few weeks. We saw a handful of big ‘season’ launches, as they appear now to be known — some
DETROIT — Cadillac is freshening its XT4 compact crossover with an updated look and touch screen display and a longer list of standard safety features. The brand’s smallest crossover will continue to be built at General Motors‘ Fairfax Assembly plant in Kansas and go on sale as a 2024 model this summer, Cadillac said Monday.
9:41 PM ET DAYTONA BEACH, Fla. — Fifty-two lead changes among 21 drivers. Only three in-race cautions over the race’s first 198 laps and then three more over the final 13 laps, 10 run in overtime. A Daytona 500 winner who didn’t take the lead until that OT and then pulled into Victory Lane for