11:11 AM ET The owners of Formula One have accused FIA president Mohammed Ben Sulayem of “interfering” in the commercial rights of the sport in an “unacceptable manner” after he passed comment on the value of F1 on Twitter. In a series of tweets on Tuesday, Ben Sulayem reacted to a Bloomberg report that Saudi
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Ford is in talks with Chinese electric-vehicle maker BYD over the sale of its Saarlouis plant in Germany, the Wall Street Journal reported, citing people familiar with the matter. Ford will end production of the Focus compact car at the plant in in 2025 as the company shrinks its passenger car lineup in Europe to
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Uber Freight Uber Freight has laid off 150 employees, or about 3% of the segment’s total head count. The layoffs affect the division’s digital brokerage team, Uber Freight CEO Lior Ron said Monday in a message viewed by CNBC. They are the first layoffs since 2020,
SAN FRANCISCO – Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc. private, and could even have used his stake in rocket company SpaceX to fund a buyout. At the trial in San Francisco federal court,
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger who will fly around the Moon aboard the SpaceX BFR launch vehicle. DAVID MCNEW | AFP | Getty Images Elon Musk told a San
WASHINGTON — U.S. auto safety regulators on Monday closed a six-year-old investigation into 1.47 million Ford Explorers over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide without seeking a recall. NHTSA said it conducted an in-depth investigation that included review of more than 6,500 consumer complaints from 2011-2017 model year vehicles
With dealership inventory low during the pandemic and semiconductor shortage, selling cars came fairly easily to sales employees. Rather than work to convince a potential customer why he or she should buy a vehicle from their dealership and not from a competitor, sales reps often won a sale simply because the vehicle was available. And
Stellantis design chief Ralph Gilles has called the electric Ram 1500 Revolution concept unveiled this month a “totality of so many ideas.” One of those ideas, a third row with removable jump seats, would add a new wrinkle to the pickup segment if they make it into the production version of the Ram 1500 EV
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT DETROIT – General Motors’ future may be in all-electric vehicles, but it still needs its current models to pay the bills to allow it to invest in those new products. That’s one of the reasons why the automaker on Tuesday revealed the 2024 Chevrolet Corvette
Tesla Inc. CEO Elon Musk played down how much impact his tweets have on the company‘s stock price as he defended himself at a trial over his 2018 tweet about taking the electric car-maker private. “It’s difficult to say the stock price is linked to the tweet,” he told jurors Friday in San Francisco federal
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images FLINT, Mich. — General Motors plans to invest nearly $1 billion in four U.S.
10:38 PM ET Associated Press CHARLOTTE, N.C. — Two-time Daytona 500 champion Matt Kenseth finally reached the top rung of his career on Friday night when he was inducted into the NASCAR Hall of Fame. The 50-year-old Kenseth, who drove 18 full seasons in NASCAR before retiring in 2020 with 39 Cup victories and 20
When Todd O’Reilly decided to open a 34,000-square-foot Ford showroom with an 11-acre vehicle lot roughly two years ago, he knew he needed a top-notch security system. O’Reilly, co-owner and general manager of Gjovik Ford in Plano, Ill., figured a sophisticated system of cameras and alarms was necessary to deter would-be criminals from stealing or
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Alex Spiro, attorney to Elon Musk, center, departs court in San Francisco, California, US, on Tuesday, Jan. 17, 2023. Benjamin Fanjoy | Bloomberg | Getty Images Tesla CEO Elon Musk appeared in a San Francisco federal court on Friday to defend tweets he posted to his
A federal jury has found two Napleton Automotive Group employees guilty of warranty fraud in a yearslong lawsuit between Hyundai Motor America and the dealership group’s West Palm Beach Hyundai store. But Hyundai will not be awarded damages because it engaged in wrongdoing that gives the automaker “unclean hands,” the jury ruled Thursday. The case
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM DETROIT – General Motors and LG Energy Solution
Lawyers who’ve taken Elon Musk to trial for securities fraud are worried he’ll go rogue when he takes the witness stand, by straying from court orders finding that his 2018 tweets about taking Tesla Inc. private were false. The Tesla CEO is scheduled to testify as early as Friday at the trial in San Francisco.
In this article 1698-HK TSLA 700-HK Follow your favorite stocksCREATE FREE ACCOUNT A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Sheldon Cooper | Sopa Images | Lightrocket |