2:35 PM ET This season, Dave Pena became the first Black man to win the Indy 500 as crew chief. Chip Ganassi Racing “It’s difficult to see the changes year over year because the changes in diversity happen slowly over time,” said Angela Ashmore of Chip Ganassi Racing, “but if I go back 10 years and
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As the 117th Congress winds down, the Senate on Thursday evening passed bipartisan legislation that would provide dealers LIFO tax relief. “Senate passage of the bill is great progress to provide dealers on LIFO much needed relief due to the pandemic and supply chain issues,” Mike Stanton, CEO of the National Automobile Dealers Association, said
Three United States Postal Service (USPS) mail trucks are parked in front of the post office in Danville. On July 20, the USPS announced that at least 40 percent of its Next Generation Delivery Vehicles (NGDVs) and commercial off-the-street (COTS) vehicles will be battery electric vehicles. Paul Weaver | Sopa Images | Getty Images The
WASHINGTON — The U.S. Senate Finance Committee asked eight major automakers, including General Motors, Tesla, Ford and Honda to answer questions about their Chinese supply chains, according to letters made public on Thursday. In June, a U.S. law took effect banning the import of forced-labor goods from Xinjiang, in a pushback against Beijing’s treatment of
In this article TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT Shares in electric vehicle maker Tesla dropped by almost 9% on Thursday as analysts grow increasingly uncertain of the company’s outlook. The stock is down nearly 70% year-to-date. After the bell Wednesday, Canaccord Genuity trimmed its price target for the automaker from $304 to $275,
WASHINGTON — The National Highway Traffic Safety Administration said on Thursday it has opened two new special investigations into crashes involving Tesla Inc. vehicles where advanced driver assistance systems are suspected to have been in use. The new crashes under investigation include an eight-vehicle crash on Nov. 24 on the Bay Bridge in San Francisco
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla vehicles are shown at a sales and service center in Vista, California, June 3, 2022. Mike Blake | Reuters The National Highway Traffic Safety Administration has initiated two more special crash investigations into incidents that involved Tesla electric vehicles, and where the company’s advanced
Driver-assist systems that lack user-friendliness not only cause drivers frustration, but it may diminish the system’s safety benefits, according to Consumer Reports. People confused by their driver-assist features might disregard them altogether. “If they are not enjoyable to use in the car, if they’re beeping at you incessantly, if they’re doing things that are unexpected
EPA Administrator Michael Regan gives remarks at an event on new national clean air standards for heavy-duty trucks near the U.S. Environmental Protection Agency Headquarters on December 20, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images The Biden administration on Tuesday announced stricter standards on smog-forming emissions from trucks, vans
A California used-vehicle dealer has accepted a decade-long ban from the industry and paid the state $1.7 million as part of a settlement to resolve violations the state says include 650,000 misleading advertisements, 20,000 instances of “power-booking” and another 1,500 ads for which Paul Blanco also bears personal responsibility. These finance-and-insurance-related actions admitted by the
Barbara Frenkel, member of the executive board for procurement at Porsche, (left) and Michael Steiner, member of the executive board for development and research fuel a 911 with e-fuel at a pilot plant, Punta Arenas, Chile. Porsche AG Porsche and several partners have started production of a climate neutral “e-fuel” aimed at replacing gasoline in
WASHINGTON — General Motors said Tuesday it is recalling 140,000 Chevrolet Bolt EVs in North America because the carpet could catch fire after a crash where a front seat belt pretensioner deploys. The U.S. automaker said the recall covers various 2017 through 2023 model year Chevrolet Bolt EV vehicles due to rare instances of front
In this article GM TSLA F Follow your favorite stocksCREATE FREE ACCOUNT The 2023 Lincoln Corsair will offer the company’s next-generation ActiveGlide hands-free advanced driver assistance system (ADAS) for highway driving including lane-changing, in-lane positioning and predictive speed assist. Lincoln DETROIT – Letting go is hard. Even if major automakers want to make it easier.
Efforts to push and prod the U.S. Postal Service into ensuring electric vehicles make up a greater portion of its new mail truck fleet have delivered. The agency said Tuesday it will purchase more EVs through 2028 than initially anticipated. In total, 66,000 EVs will be included in the Postal Service’s overall plans to buy
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Shares in electric vehicle maker Tesla sank to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day in an otherwise mixed day for stocks. CEO Elon Musk tried to blame the sinking price partly on macroeconomic factors.
5:36 AM ET Formula One drivers will no longer be allowed to make political statements at race events without prior permission from the FIA. Motor racing’s governing body has added a new article to its International Sporting Code that outlaws “the general making and display of political, religious and personal statements or comments notably in
Expanding ride-hailing startup Alto offers unique W-2 employment to its drivers, marking a different approach from giants Uber and Lyft. The 2018 startup launched in Dallas but has since expanded to Houston, Los Angeles, Miami, Washington, D.C., and San Francisco. Alto recently completed its millionth ride and employs about 2,000 drivers with hourly pay and
In this article LAD CVNA TSLA F KMX AN VRM SFT Follow your favorite stocksCREATE FREE ACCOUNT Carvana is a used car retailer that lets customers find, tour, buy and finance vehicles completely online. The company then delivers the vehicles straight to a customer’s home or allows them to pick up their purchase from one