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6:28 AM ET Michael Andretti has hit out at Formula One teams for being too greedy to see the benefits of his company’s proposed entry to the sport with General Motors brand Cadillac in 2026. F1 gave a lukewarm response to the proposed Andretti-Cadillac entry, with a source telling Reuters a “strong majority” among the
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DETROIT — Ford Motor Co.‘s top labor executive is retiring ahead of contract talks with the UAW later this year. John Savona, vice president of Americas manufacturing and labor affairs for Ford Blue, will step down in March, the automaker said Wednesday. His successor will be Bryce Currie, who previously was chief manufacturing officer at
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Seating and electronics suppiler Lear Corp. is working to sell its three manufacturing plants in Russia almost a year after suspending operations due to Russia’s war on Ukraine. The company is aiming to sell its assets in Russia within the first half of this year, CEO Ray Scott told Crain’s Detroit Business in an interview
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6:18 AM ET Formula One drivers must not use the platform provided by the International Automobile Federation (FIA) to make statements for their own “personal agenda”, the sport’s governing body president Mohammed Ben Sulayem said on Tuesday. Formula One drivers will need prior written permission from the sport’s governing body to make “political, religious and
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Every Chevrolet Corvette built since the first one in 1953 has this in common: A gasoline engine has been the sole power source. That changes this spring when the E-Ray — a gasoline-electric version of the eighth-generation sports car that adds all-wheel drive for the first time — goes on sale. Chevrolet plans to reveal
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4:09 AM ET The head of Formula One’s governing body on Sunday strongly supported a proposed new Andretti Cadillac all-American team and said he was surprised by “adverse reaction” to the plan. Mohammed Ben Sulayem’s comments on Twitter hinted at a row brewing between the president of the International Automobile Federation (FIA) and Formula One’s
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Rolls-Royce Steve Christo – Corbis | Corbis News | Getty Images Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen seen any slowdown or downturn,” Muller-Otvos told CNBC. “We haven’t seen any negative impact.” Rolls-Royce delivered 6,021
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Hyundai and Kia vehicles have become a favorite target of thieves. The crime spree began last year in Wisconsin, when TikTok and YouTube users posted videos showing how to break into the vehicles, rip off the steering column and bypass the key with a USB cable. Criminals in other states soon joined in, leading to
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While much of the conversation around building the nation’s electric vehicle charging network has focused on automakers, battery technology, utilities, public charging companies and government funding of chargers, one of the largest purchasers of vehicles also has a stake. Enterprise Holdings — owner of the Enterprise, National and Alamo car rental agencies — is working
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