In this article F Follow your favorite stocksCREATE FREE ACCOUNT Michael H | Digitalvision | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can
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2:28 PM ET Aston Marrtin has unveiled the car new Formula One recruit Fernando Alonso will be racing in 2023 alongside Lance Stroll. Two-time champion Alonso, the grid’s oldest driver at 41, joined the team this year in place of Sebastian Vettel, who retired at the end of last year. Alonso, who last won a
DETROIT — Ford Motor Co. on Monday said it will build a $3.5 billion battery plant in southwestern Michigan because new federal tax credits make a U.S. location more favorable than options in Canada and Mexico. BlueOval Battery Park Michigan will open in 2026 in Marshall, about 100 miles west of Detroit, as a wholly
In this article F Follow your favorite stocksCREATE FREE ACCOUNT DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The anticipated announcement of the deal between Ford and Contemporary Amperex Technology Co.,
New-vehicle inventories pulled back slightly last month, interrupting a string of recoveries that stretched back to summer, but still remain significantly above where the industry was a year ago and far below where it has been historically, according to estimates from Cox Automotive and the Automotive News Research & Data Center. Cox estimated U.S. inventories
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images BEIJING — Geely-backed electric car brand Zeekr said Monday it’s now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others. Zeekr
Anyone overhearing Ram‘s Super Bowl ad from another room might confuse it with a run-of-the-mill male enhancement pitch. Ram’s spot, however, is about providing a different kind of spark. The truck brand is taking on range anxiety ahead of the 2024 launch of its electric pickup that will be known as the 1500 REV. The
In this article STLA STLA-IT Follow your favorite stocksCREATE FREE ACCOUNT Ram’s 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. Screenshot DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots
5:30 PM ET Red Bull sister team AlphaTauri has introduced flashes of red to its colour scheme for the 2023 season. The Italian team, named after Red Bull’s fashion brand, launched their car at New York’s Fashion Week on Friday to continue the company’s U.S-themed start to the new season. AlphaTauri AlphaTauri Reigning champions Red
A Detroit real estate firm plans to turn a 117-year-old former Cadillac assembly plant into 90 apartments. The building was constructed in 1905, not long after a fire destroyed the original Cadillac plant on the same site, according to city documents. It was designed by George Mason, whose firm also designed Detroit’s Masonic Temple and
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Lucid Air Courtesy: Lucid Motors Lucid Group said Thursday that buyers of certain versions of its pricey Air electric luxury sedan will be eligible for a $7,500 “credit.” But that credit will be paid by Lucid, not the U.S. government. Lucid said that customers who
6:43 AM ET Jean-Eric Vergne of DS Penske won an action-packed Hyderabad E-Prix on Saturday, marking a successful return of a high-profile motorsport event in India. Vergne held off a strong challenge from Envison Racing’s Nick Cassidy to cross the chequered flag in the first place despite having less than 0.5 percent energy left in
Auto dealers fear higher interest rates will affect consumer vehicle demand in 2023, and some expect the increased borrowing cost to erode finance and insurance product sales volume or force lower rate reserve margins. Automotive News‘ 2023 Dealer Outlook Survey of 264 dealers and dealership managers in January found interest rates were overwhelmingly dealers’ biggest
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A driver uses the map navigation feature on a touchscreen control panel just prior to the Tesla Motors Inc. 8.0 software update inside a Model S P90D vehicle in New York, U.S., on Monday, Sept. 19, 2016. Christopher Goodney | Bloomberg | Getty Images The
11:44 AM ET Six protesters who were involved in a track invasion on the opening lap of last year’s British Grand Prix have been convicted after a two-week trial. Prosecutors claimed the members of the Just Stop Oil environmental campaign group, five of whom briefly sat on the circuit while the race was going on,
Imagine a tiny army of software “robots” that perform mundane and repetitive data-entry tasks for dealership employees — actions such as inputting online sales leads or determining the value of trade-ins. While that may sound far-fetched, it’s a reality at the nine stores owned by Servco Pacific on the Hawaiian islands of Oahu, Maui and
JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday via its loan programs office. The battery-recycling startup will use the funding to build and expand its battery recycling facility outside of Reno, Nevada. The
8:34 AM ET Marc Marquez is arguably MotoGP’s greatest of all time, but has spent more than two years recovering from a career-threatening arm injury. Gold & Goose / Red Bull Content Pool “I had a dream career until 2020,” Marc Marquez told ESPN, recalling his decorated time in MotoGP, the two-wheeled equivalent of Formula One.