Police in Michigan said a group of more than 20 people broke into a vehicle holding lot last week, had a shootout with a security guard before making off with 13 vehicles and led officers on a lengthy high-speed chase. One of the thieves died after crashing a 2022 Ford Mustang he had taken, according
News
Amtrak’s Acela is the fastest passenger train in the Western Hemisphere, but tickets can be pricey. Amtrak fares can vary dramatically in the Northeast, home of the most heavily used stretch of track in the railroad’s nationwide network, which also includes stops in Canada. But tickets are often more expensive than plane tickets, despite flight
The Inflation Reduction Act is the biggest overhaul of U.S. automotive policy in a generation. If all goes according to plan, it will transform what Americans drive on the streets — and create economic boomlets for the states that manufacture those new vehicles and components. At least that’s the plan. This new law is so
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. STR | Nurphoto | Getty Images New Twitter owner and CEO Elon Musk announced that he will reinstate the Twitter
9:09 AM ET Ferrari Formula One boss Mattia Binotto said on Saturday he was relaxed about his future with the team and had discussed recent speculation that he was facing the sack with company chairman John Elkann. Ferrari issued a statement earlier this week dismissing as “totally without foundation” media reports in Italy that Binotto
Karn Dhingra has joined Automotive News as a mobility finance reporter. Dhingra, 43, previously covered Houston for The Real Deal, a New York-based real estate trade publication. His past stops include Sports Business Journal, where he reported on facilities and ticketing, and Bloomberg Industry Group as a Houston-based correspondent covering energy, environmental policy, tax policy,
In this article BB Follow your favorite stocksCREATE FREE ACCOUNT BlackBerry was once at the top of the smartphone market in the U.S. In 2010, almost half of smartphone subscribers in the U.S. used BlackBerrys, according to Comscore. The phones were well-known for having a tactile keyboard and for BlackBerry’s advanced cybersecurity — often favored
Top executives in automotive, mobility venture capital and energy focused on emerging business models, startups and innovation at the Automotive News L.A. Congress Nov. 18. Automotive News Publisher KC Crain welcomes one of the keynote speakers, Lucid Motors CEO Peter Rawlinson. Executive Editor Jamie Butters moderates a panel on venture capital partnerships with Angel Gambino, principal, startups
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images DUBAI, United Arab Emirates — The Dubai-based rideshare app Careem is offering inter-country taxi journeys for the 2022 World Cup in Qatar, as millions of soccer fans from around the world descend on the
10:00 AM ET ABU DHABI — FIA president Mohamed Ben Sulayem says Formula One’s governing body is making changes to ensure penalties for breaching the sport’s cost cap are decided earlier in the year. The FIA announced Red Bull had breached last year’s $145 million cost cap in early October before issuing a penalty later
Mercedes-Benz and auto supplier Robert Bosch agreed to pay about $6 million to resolve Arizona’s lawsuit over diesel advertising claims, the state said on Friday. Under the proposed settlement, Mercedes will pay $2.8 million in consumer restitution, and each qualifying Arizona consumer will receive up to $625 per vehicle, Arizona Attorney General Mark Brnovich said.
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Carvana is laying off about 1,500 people, or 8% of its workforce, Friday following a freefall in the company’s stock this year, a weakening used vehicle market
2:13 PM ET Associated Press Stefan Wilson will attempt to make his fifth Indianapolis 500 next year in a combined entry fielded by Dreyer & Reinbold Racing and Cusick Motorsports. The British driver will pilot the No. 24 Chevrolet-powered car. Dreyer & Reinbold, which fielded two cars in last year’s Indy 500, still plans on
SAN DIEGO – Carvana Co. CEO Ernie Garcia reflected Thursday on the online used-car retailer’s tough year. “Right around this time last year, I think a number of things started to break against us, and it’s definitely been much tougher sledding since then,” Garcia acknowledged in a video teleconference Thursday at Used Car Week in
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General Motors’ investor day on Thursday, is the first time BrightDrop has released revenue
9:03 AM ET ABU DHABI — Sergio Perez has denied he crashed on purpose during qualifying for the Monaco Grand Prix and said the accident did not feature in talks to clear the air with his teammate Max Verstappen following last weekend’s Brazilian Grand Prix. Speculation over whether Perez crashed intentionally in Monaco resurfaced last
Nine vehicles across three categories and eight brands were nominated for the 2023 North American Car, Truck and Utility Vehicle of the Year Awards on Thursday at the Los Angeles Auto Show. They include six electric vehicles — with each category containing at least one, and the utility segment being made up entirely of EVs.
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images General Motors expects its new electric vehicle profits to be in-line