Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as supply chain bottlenecks finally start to ease. But now, an increasing number of Americans might not want them or be able to
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3:57 PM ET Associated Press CONCORD, N.C. — NASCAR champion Kyle Larson has emerged as a candidate for an Indianapolis 500 ride and said Saturday he has permission from Hendrick Motorsports to run the iconic race if a deal can be completed. Larson told The Associated Press he has spoken to both team owner Rick
YOKOHAMA, Japan — Toyota Motor Corp. is planning three additional body types to follow its traditional Crown sedan entry, creating a line of premium offerings that straddle the all-popular utility vehicle segment. On tap for Crown are a large crossover wagon, a sporty coupe-styled crossover, and a jacked-up crossover-inspired family four-door. So far, only the
In this article TSLA F GM Follow your favorite stocksCREATE FREE ACCOUNT Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC When people think of electric vehicles, their minds typically jump to Tesla. But Elon Musk’s company now has a lot more EV competition from Detroit. Within the
1:45 PM ET Associated Press CONCORD, N.C. — NASCAR says it had a productive test of its new car and promised drivers that solutions to some of their safety concerns should be implemented by next season. NASCAR’s top leadership held a 75-minute meeting ahead of Saturday’s practice at Charlotte Motor Speedway. It said it expects
The National Automobile Dealers Association’s guidelines on the changing auto retail industry can help state associations, leaders say, but the national guidelines will need to keep changing, too. Some state dealer association leaders were consulted as NADA drafted a set of guiding principles that advocate for the franchise model. It lays out NADA’s position on
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk Mike Blake | Reuters Tesla shares dropped nearly 16% during what CEO Elon Musk called a “very intense 7 days indeed” to one of his 108 million followers on Twitter. Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close one
5:33 AM ET SUZUKA, Japan — Haas has switched Mick Schumacher to a spare chassis for the Japanese Grand Prix after he crashed at the end of the opening practice session at Suzuka. Schumacher was returning to the pits following a practice start on the grid when he lost the rear of his Haas and
Ayman Moussa is doing more with less. The co-owner of Carnamic in Hayward, Calif., leverages technology and a lean organizational structure to operate his eight Bay Area stores with about half the employees of a typical dealership. The group, which has Nissan, Infiniti, Mitsubishi, Hyundai and Kia stores, sold 4,286 new and used vehicles last
In this article PSNY Follow your favorite stocksCREATE FREE ACCOUNT Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the company’s first SUV. Courtesy: Polestar Swedish electric vehicle maker Polestar said Friday that
2:15 AM ET Fernando Alonso set the pace in a wet first practice session for the Japanese Grand Prix as Mick Schumacher crashed out after the chequred flag. Persistent rain throughout the morning saw practice get underway in full wet conditions at Suzuka, resulting in limited running during the hour-long session. 1 Related Alonso emerged
Booming demand for batteries powering the world’s shift into electric vehicles is rekindling U.S. cobalt production after at least a 30-year hiatus. Australia-based Jervois Global Ltd. is starting the first U.S. cobalt mine in Idaho on Friday, according to CEO Bryce Crocker. The mineral sits “at the top of the table” in terms of
An employee works on the production line of semiconductor wafer at a factory of Jiangsu Azure Corporation Cuoda Group. China has stepped up investment into its chip industry in a bid to be self-reliant in crucial technology needed for electric vehicles, smartphones and more. VCG | Visual China Group | Getty Images U.S.-China tensions have
1:11 PM ET Associated Press Santino Ferrucci will return to full-time IndyCar racing next season in A.J. Foyt’s flagship car after two seasons filling in as a substitute driver for other teams. AJ Foyt Racing said Thursday that Ferrucci will drive the No. 14 Chevrolet, which is fielded out of Foyt’s headquarters in Waller, Texas.
Johan de Nysschen is leaving his job as Volkswagen Group’s North American COO, saying he has “done everything I have set out to do here.” De Nysschen, 62, who previously worked for Audi, Infiniti and Cadillac, framed his departure from VW as a retirement from the auto industry after a three-decade career, indicating that he
In this article GM XOM OXY DE Follow your favorite stocksCREATE FREE ACCOUNT A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transition, that bested ExxonMobil in a 2021 proxy contest upset
9:30 AM ET Finding opportunities in F1 limited, Callum Ilott moved to IndyCar for the 2022 season. Brian Spurlock/Icon Sportswire via Getty Images Years from now, Callum Ilott just might be hailed as IndyCar’s pied piper. Fresh from a breakout season with the upstart Juncos Hollinger Racing team, the 23-year-old Englishman could be the agent of
Michigan officials have approved a bundle of incentives valued at $715 million for a $2.4 billion electric vehicle battery plant to be built by a Chinese manufacturer in the Big Rapids area. The incentives for Gotion Inc., given the green light Wednesday, include $175 million of funding from the Strategic Outreach and Attraction Reserve, according