WASHINGTON — The U.S. Treasury Department on Monday said it will issue proposed guidance for the critical mineral and battery component requirements in March, effectively delaying those eligibility restrictions in the $7,500 tax credit for new electric vehicles. Under the recently signed Inflation Reduction Act, the department was required to issue proposed guidance by Dec.
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In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, July 26, 2021. Andrew
Ford of Europe‘s upcoming all-electric crossover, expected to the called Explorer Sport, will be the first new model to be launched under the automaker’s American-inspired “Adventurous Spirit” marketing and design ethos. Ford teased the look of EV on social media ahead of the car’s unveiling that is expected to take place in March. Teaser pictures
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Twitter’s new owner and CEO, Elon Musk, posted an informal poll of the social media platform’s users Sunday asking if he should step down as head of the company. At 6:20 a.m. ET on Monday, the poll ended with a majority of respondents (57.5%) calling for the
A Cox Automotive employee was shot on an interstate near Birmingham, Ala., following “road rage” on Dec. 15, according to local police. Vestavia Hills Police Department responded to a report of a person shot on Interstate 65 at about 7 a.m. on Thursday, according to a Facebook post from the department. Vestavia Hills is 13
Once flush with easy money, investors have soured on investing in electric vehicles and other mobility startups amid uncertain economic conditions. The total amount invested in the moblity tech sector dropped by 79 percent year-over-year in the third quarter of 2022, according to the latest figures from financial services firm PitchBook. Going forward, investors expect
Tesla owners love over-the-air software updates, which add features to enhance performance, convenience and safety. But the updates can also make the Tesla experience more fun around Christmas time. This year’s big “holiday update” brings a top feature that Tesla fans have been clamoring for: Apple Music on the infotainment screen. Also added was Zoom
Building a website through which consumers can quickly get their vehicles appraised and then sell them to Performance Automotive Network has helped the Cincinnati-based dealership group supplement its inventory of used cars and trucks and cut costs tied to visiting wholesale auctions. Even before the coronavirus pandemic and resulting new-vehicle supply constraints, Performance Automotive Network
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images U.S. automotive safety officials have opened a formal probe into the autonomous driving system used by General Motors’ self-driving vehicle unit Cruise. The National Highway
Comedian Jay Leno, in his first interview since suffering severe burns while working on one of his classic cars on Nov. 12, said he initially ignored doctors’ recommendation that he go to a hospital for treatment. He eventually spent nine days at a burn center, where he underwent skin graft surgery and received hyperbaric oxygen
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 – Ford Motor has once again increased the starting price of its electric F-150 Lightning, citing higher raw material
Tesla Inc. is building 3,000 Model Y crossovers a week at its new Austin, Texas, factory — a sign the electric-car maker is making up for lost time at the money-losing plant. Teslashared the new production figure in a tweet Thursday. The milestone comes a week after Bloomberg reported that Chief Executive Officer Elon Musk
Tesla Inc. and the Mexican border state of Nuevo Leon are firming up plans for a factory site in an automotive corridor that is home to assembly plants for Kia and General Motors, according to sources quoted by the Milenio newspaper. Tesla CEO Elon Musk and the state government are “fine-tuning the final details,” Milenio
In this article MC-FR TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the
6:30 AM ET Mick Schumacher has joined Mercedes as reserve driver after Ferrari ended their four-year affiliation with him. Schumacher, the son of seven-time world champion and Ferrari legend Michael, was looking for his next move in Formula One after being cut by Haas this year following two underwhelming seasons. On Thursday, shortly after Ferrari
Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits without running afoul of U.S.-China political sensitivities. The state has emerged along with Virginia as a potential home of the multibillion-dollar facility, according to people familiar
In this article TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT Anadolu Agency | Anadolu Agency | Getty Images Tesla CEO Elon Musk has sold about 22 million more shares of his electric vehicle business, which were worth around $3.6 billion, according to a financial filing out Wednesday night. The transactions took place between Monday and Wednesday of
11:00 AM ET Nearly 40 members of the stock car community met on Dec. 14, 1947 to form what would become NASCAR. ISC Archives/CQ-Roll Call Group via Getty Images December 14, 1947 was a Sunday afternoon. Yes, most of the men who gathered in Daytona Beach, Fla. on that chilly, gray day were dressed in suits.