In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2024 Sierra EV Denali Edition 1 Source: General Motors General Motors unveiled its latest electric pickup, the new electric GMC Sierra, and began taking reservations for a fully-loaded $107,000 version, called Sierra EV Denali Edition 1, on Thursday. The automaker expects to begin shipping the
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8:29 AM ET Cape Town will host a round of the electric Formula E championship next February, joining India’s Hyderabad and Brazil’s Sao Paulo as three new venues on a 2023 calendar, the series said on Wednesday. The Feb. 25 race will be Formula E’s debut in South Africa and the fifth of 17 rounds
LONDON — Porsche is still talking with teams about entering Formula One after discussions with championship leaders Red Bull broke down, the governing FIA said. Porsche and Red Bull had been discussing a partnership for months but talks ended in September with the team determined to stay independent. The automaker said at the time that
U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in America, during a visit to the Detroit Auto Show, September 14, 2022. Kevin Lamarque | Reuters The Biden administration on Wednesday said it will award $2.8 billion in grants for projects to expand U.S. manufacturing of batteries for electric vehicles and domestic mineral production.
11:22 AM ET You don’t hook a guy in the right rear at speed. I don’t care if you’re Bubba Wallace, Dale Earnhardt or Junior Johnson. You. Just. Don’t. Do it. NASCAR has suspended Wallace for one race for doing just that to Kyle Larson at Las Vegas Motor Speedway, and rightfully so. It is
Tesla CEO Elon Musk said the electric automaker is not facing demand problems despite economic headwinds, and the company expects to sell every vehicle it can produce in the current quarter from its factories in California, Texas, Germany and China. “There’s been a lot of questions about demand in recent weeks,” Musk said on the
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Tesla reported third-quarter earnings after the bell. Shares fell by about 4% after hours following the results. Here are the results. Earnings: $1.05 vs 99 cents per
Passport Automotive Group agreed to pay $3.38 million to settle a Federal Trade Commission lawsuit filed against the dealership group for charging illegal fees and discriminating against Black and Latino customers. The Maryland group, along with its president Everett Hellmuth and vice president Jay Klein, together will pay this fine to refund the customers affected
In this article 2317-TW TSLA Follow your favorite stocksCREATE FREE ACCOUNT Young Liu, chairman of Foxconn Technology Group, speaks in front of a Model C electric vehicle during an event in Taipei, Taiwan, on Tuesday, Oct. 18, 2022. Liu said he hopes one day that Foxconn can make cars for Tesla. I-Hwa Cheng | Bloomberg
A plane crashed into a Buick–GMC dealership in southeast Ohio early Tuesday, police said. The 1974 Beechcraft King Air E90 crashed into Pioneer Buick-GMC’s parking lot in Marietta, Ohio, around 7:15 a.m. local time, a press release from the Ohio State Highway Patrol said. The pilot and a second occupant were killed in the crash.
Kodiak Robotics truck in front of an IKEA store. Source: Kodiak Robotics Self-driving truck startup Kodiak Robotics said that it has begun a pilot program with IKEA in Texas. A semitruck equipped with Kodiak’s autonomous driving system is making daily delivery runs from an IKEA warehouse near Houston to a store close to Dallas, roughly
DETROIT — The Cadillac Celestiq, a sleek, futuristic-looking five-door electric sedan coming in just over a year, represents more than just a new ultraluxury offering from General Motors. The Celestiq is the start of a new way of doing business for the luxury brand that harks back to an old rivalry — Cadillac vs. Rolls-Royce.
2024 Cadillac Celestiq Cadillac DETROIT – Cadillac is testing the limits of its brand allure and pricing power with the 2024 Celestiq – a large, bespoke electric car that will start at more than $300,000. The vehicle – unveiled Monday night – launches the General Motors brand into the ultra-luxury segment against the likes of
10:42 AM ET Formula One teams who spend more than allowed by the rules are effectively cheating and should face stiff sporting and financial penalties, McLaren boss Zak Brown wrote to FIA, F1’s governing body. The BBC reported details of the letter on Monday and McLaren confirmed they were correct. Championship leaders Red Bull, who
Stellantis may stop manufacturing cars in China as geopolitical tensions escalate and western manufacturers cede market share to domestic players. The producer of Peugeot and Citroën cars may implement an “asset-light” strategy for those brands in the world’s largest auto market, CEO Carlos Tavares said Monday. Earlier this year, he used the same phrase to
In this article STLA-IT Follow your favorite stocksCREATE FREE ACCOUNT The Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on October 17, 2022. Nathan Laine | Bloomberg | Getty Images The CEO of Stellantis told CNBC Monday that the company would use its own sites to generate half
An expanding Swickard Auto Group entered Southern California via a majority stake purchase of John Elway’s Crown Toyota in Ontario, one of the Japanese automaker’s highest-volume U.S. dealerships. And the dealership’s price tag also fetched near-record blue sky value, according to the broker who facilitated the sale. Blue sky is the intangible value of a
A couple browses a car’s sticker price. Don Mason | The Image Bank | Getty Images With demand for new cars still outpacing supply at many dealerships, buyers may be asking themselves if they need to pay over the average manufacturer’s suggested retail price, or the sticker price, to get the car that they want.