West Coast charging network operator EVCS is looking to simplify powering electric vehicles by offering a choice of monthly subscription plans. The move marks a departure from the way such networks typically operate. Most require a low monthly fee and charge an additional amount per kWh used. “It really is a minefield across the various
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In this article A4N1-FF Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, called the Polestar 3, is a five-passenger EV that the company describes as
WASHINGTON — General Motors said on Tuesday it will invest up to $69 million and take an equity stake in Queensland Pacific Metals to secure a new source of nickel and cobalt for battery cells for use in the U.S. automaker’s vehicles. GM said the investment will help support EV eligibility for consumer incentives under
Vehicles float in the water on Sept. 29 in Bonita Springs, Florida, after Hurricane Ian. Sean Rayford | Getty Images If you’re planning to shop for a used car in the next few months, be sure to check for flood damage before signing on the dotted line. In the wake of widespread flooding across Florida,
Oct 10, 2022 Formula One’s governing body, the FIA, has confirmed Red Bull breached the sport’s cost cap in 2021 but has yet to decide on the team’s punishment. After delaying the announcement last week, the FIA confirmed Monday that Red Bull had committed a “procedural breach” and a “minor overspend” in 2021, meaning a
NEW YORK — Authorities found children as young as 13 working at a Korean-operated supplier to automakers Hyundai Motor Co. and affiliate Kia Corp., and have fined the company and a labor recruiter, the U.S. Department of Labor and the Alabama Department of Labor said Tuesday. In August, authorities accused Alexander City, Ala.-based SL Alabama
In this article HMC Follow your favorite stocksCREATE FREE ACCOUNT An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Ty Wright | Bloomberg | Getty Images Honda Motor and LG Energy Solution on
1:43 PM ET The all-woman W Series cancelled its remaining three races in the United States and Mexico for financial reasons on Monday and declared Britain’s Jamie Chadwick champion for the third season in a row. The series had been due to support Formula One at next week’s U.S. Grand Prix in Austin, Texas, before
Hyundai Motor Group has out-galloped Ford Motor Co. for the No. 2 spot in the U.S. EV horse race. Through August, the South Korean automaker reported 43,072 new registrations of electric vehicles across its Kia, Hyundai and Genesis brands — accounting for a combined 9.4 percent share, according to data from Experian Automotive. For the
In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Girette | Bloomberg | Getty Images Stellantis is turning to Australia as it
2:29 PM ET Hazel Southwell W Series announced on Monday that it would not complete the 2022 season, citing a lack of funding. Mark Thompson/Getty Images In the great, inclusive era of racing as one, Formula One and its teams have been quick to try to highlight female presence. Although, when surveyed by ESPN a year
Contemporary Amperex Technology Co Ltd. expects its net income to surge to as much as $1.4 billion in the third quarter as the biggest maker of electric-vehicle batteries benefits from strong sales to the automotive industry. CATL, investing heavily in expanding its production capacity, predicted the profit jump of as much as 200 percent in
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive are set to open sharply lower Monday after the electric vehicle maker said late on Friday that it is
5:02 AM ET SUZUKA, Japan — It wasn’t until Max Verstappen was about to walk onto the podium that he knew for certain he was a double world champion. He’d been told he’d won this year’s title shortly after getting out of his car and completing his first post-race interview, but he didn’t quite believe
There’s certainly never a good time for a massive ship carrying hundreds of millions of dollars worth of vehicles to catch fire and sink. But for bespoke luxury brand Bentley, what tragically happened to the Felicity Ace in February in the frigid waters of the North Atlantic weirdly may have been a case of the
In this article DMLRY Follow your favorite stocksCREATE FREE ACCOUNT A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CEO Ola Kallenius told CNBC’s Jim Cramer that while he thinks there will be
8:04 AM ET Max Verstappen wrapped up a second F1 world championship on Sunday, but you won’t find any pictures of him celebrating with the trophy he just won. It remains one of the archaic quirks of Formula One that the world champion does not receive their trophy until the end of the year. Verstappen
Kettering University has opened a $63 million campus facility with hopes that it will benefit the next generation of U.S. automotive talent. The Learning Commons is a four-story, 105,000-square-foot multiuse building designed for collaboration across Kettering University‘s disciplines, including students benefiting from the school’s long history in educating automotive industry talent, said Kettering President Robert