At a time when automakers are expressing confidence about nearing the end of the global microchip shortage, factories worldwide just cut another 35,000 vehicles from their production schedules this week for lack of chips. Nearly 13,000 are being dropped from North American factory plans, according to the latest update from AutoForecast Solutions. Another 4,400 cuts
News
In this article 2330-TW ZE594-CN TSLA Follow your favorite stocksCREATE FREE ACCOUNT People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open
Scouts popping up at Texas high school football games on the lookout for standout talent is practically a ritual. It shouldn’t be a surprise then that some Lone Star State auto dealerships are using the same strategy to recruit future technicians from their own backyards. In December, 117 high school seniors competed in the North
In this article RNO-FR Follow your favorite stocksCREATE FREE ACCOUNT Renault CEO Luca de Meo on Thursday questioned the wisdom of price cuts rivals have been implementing in a bid to bolster market share for their electric vehicle fleets. “We’ve seen competitors moving prices up and down, etc., etc. this is their decision. But I
Feb 17, 2023 Nate Saunders Close Nate Saunders General Editor, F1 Laurence Edmondson Close Laurence Edmondson F1 Editor • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 The FIA has issued a clarification around its controversial clampdown on political protests in Formula One, insisting any statement at a grand prix would still require permission
Gary Cowger, a former president of General Motors North America who repaired the automaker’s relationship with the UAW after a crippling strike and mentored future CEO Mary Barra, died Friday at his home in Dallas. He was 75. Cowger had battled cancer for two years before his death, Judy DeMars, his former secretary at GM,
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Toyota RAV4 Prime electric car is recharged October 3, 2022 at a charging station at the town hall in Charlotte, Vermont. Robert Nickelsberg | Getty Images After years of being touted as a smarter option for car buyers seeking better fuel efficiency and lower
8:08 AM ET Alyssa RoenigkESPN Close Alyssa Roenigk is a senior writer for ESPN whose assignments have taken her to six continents and caused her to commit countless acts of recklessness. (Follow @alyroe on Twitter). Action sports icon Travis Pastrana is talking with a reporter at the Daytona International Speedway media center on Wednesday afternoon
Lithia Motors Inc., once the smallest publicly traded dealership group before embarking on a multiyear dealership buying spree, surpassed longtime No. 1 AutoNation Inc. in new vehicles sold in 2022. Lithia retailed 271,596 new vehicles last year, up 4.2 percent, and more than 40,000 vehicles more than AutoNation, which retailed 229,971 new vehicles, a 12
In this article DIS MSFT TSLA Follow your favorite stocksCREATE FREE ACCOUNT James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new,
7:57 PM ET Associated Press DAYTONA BEACH, Fla. — Seven-time is officially back. Jimmie Johnson, making his return to stock car racing after a two-year dalliance in IndyCar, topped the first practice session for the Daytona 500 on Friday. The two-time Daytona 500 winner and seven-time Cup Series champion reached a top speed of 194.25
Diana Kennedy dropped out of high school at age 18. She admits she was never the best student, often cutting class and struggling to stay engaged. When Kennedy later took a vocational automotive class, she discovered she enjoyed being around cars and ultimately found a sales position at a dealership. “Automotive became the outlet for
In this article AN Follow your favorite stocksCREATE FREE ACCOUNT Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images A solid fourth-quarter earnings report from AutoNation on Friday propelled the car dealer’s stock to a new all-time high and its best day
10:16 AM ET With qualifying and the Duels in the books, the NASCAR world is counting down to Sunday’s Daytona 500. Sean Gardner/Getty Images DAYTONA BEACH, Fla. — It is time for the 65th running of the Daytona 500, NASCAR‘s biggest event on its biggest stage, kicking off what many believe could be one of the
Mercedes-Benz CEO Ola Källenius said the American Inflation Reduction Act has the “right ambition” to help accelerate the auto industry toward a decarbonized future. “If political leaders make that a priority and are also willing to spend government money on that, that can be very helpful,” Källenius said on an earnings call from Germany on
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that caused a Ford F-150 Lightning in the company’s possession to catch fire earlier this
9:13 PM ET Associated Press DAYTONA BEACH, Fla. — IndyCar driver Conor Daly raced Floyd Mayweather Jr. into the Daytona 500 for a second consecutive year by bobbing and weaving his way through myriad issues for the ill-prepared team. Daly’s attempt to make his first Daytona 500 was announced only last week as part of
The growing complexity of car electronics delivered Visteon Corp. a record sales year, but the shortage of a specific type of semiconductor has prevented the automotive supplier from capitalizing on demand. The supplier of cockpit electronics, with roots as a unit of Ford Motor Co., finished the year with $1 billion in sales for the