7:45 AM ET Gabriel Tan With an ice-cool gaze and a remarkable ability to keep calm in high-pressure situations, Valtteri Bottas is not unlike other famous Finns that have come before him in Formula 1. Of course, there is Mika Hakkinen, can boast winning back-to-back world titles in 1998-99 at a time when Michael Schumacher
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U.S. light-vehicle sales remain in lower gear as the third quarter winds down, while slumping consumer sentiment threatens a further downshift. Cox Automotive on Wednesday cut its full-year new-vehicle sales outlook to 13.7 million — down more than 9 percent from 2021 and the industry’s lowest tally in a decade. It’s the third time this
South Korean and U.S. officials are working toward a “concrete proposal” to resolve their differences over electric vehicle subsidies, South Korea’s trade minister told CNBC. “We’ve established a specific dialogue channel to address this particular issue, and we are glad that the U.S. government wholeheartedly engaged with us to rectify the problems,” Ahn Duk-geun told
11:18 AM ET Associated Press Benjamin Pedersen is the first driver to land a promotion from Indy Lights into IndyCar as AJ Foyt Racing confirmed Wednesday he’ll be part of its 2023 lineup. Pedersen, a 23-year-old dual citizen of Denmark and the United States, spent last season running the full Indy Lights schedule for HMD
Volkswagen Group set the final listing price for Porsche at 82.50 euros per share, valuing the company at 75 billion euros ($73 billion) as it seeks to prove that the iconic sports-car brand can sidestep the slump in capital markets and pull off Europe’s largest initial public offering in a decade. A meeting of VW’s
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Joe Gebbia, co-founder of Airbnb and chairman of Airbnb.org, during South By Southwest (SXSW) festival in Austin, Texas, U.S., on Sunday, March 13, 2022. Matthew Busch | Bloomberg | Getty Images Tesla has added Airbnb co-founder, designer and billionaire Joe Gebbia as an independent member
6:02 AM ET The Mercedes Formula One team will renew its title and technical partnership with Malaysian oil company Petronas from 2026, it announced on Wednesday. Mercedes have won the constructors title eight times since partnering with Petronas in 2010, though drivers Lewis Hamilton and George Russell are yet to win a race this season.
Ford Motor Co. is redesigning the Super Duty line of its F-Series pickups with new technology and new engine options in a bid to maintain one of its most profitable nameplates and better cater to commercial customers. The 2023 Super Duty lineup, revealed Tuesday evening and expected to go on sale early next year, will
In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor is redesigning a pivotal product lineup, leaning on new software and connected data metrics, to boost profits in its commercial vehicle business. The Detroit automaker on Tuesday revealed its 2023 F-Series Super Duty trucks,
11:49 AM ET Six Formula One grands prix from the 2023 season onwards will have sprint sessions after the governing body, the International Automobile Federation (FIA), on Tuesday approved an increase from three events this year. Sprint sessions have become highly popular with fans since it was introduced last year with qualifying taking place on
BMW’s lineup is getting a new high-powered halo model for an electrified age. The XM plug-in hybrid SUV is the first standalone vehicle from the M performance brand since the BMW M1 launched five decades ago. It will be assembled at BMW‘s U.S. factory in South Carolina, with deliveries beginning early next year. Pricing starts
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022. Rebecca Cook | Reuters DETROIT – General Motors is conducting damage
5:35 AM ET Alfa Romeo has confirmed Zhou Guanyu will stay at the team for the 2023 Formula One season. The rookie, China’s first F1 driver, has finished in the points on three occasions this season, including a 10th place finish on his debut at the Bahrain Grand Prix. Zhou has impressed the team with
DETROIT — Chevrolet is updating the heavy-duty line of its Silverado pickups with a standard 10-speed transmission, a more powerful diesel engine, a plusher interior and new trailering technologies. The 2024 Silverado HD, which debuted Monday and is slated to go on sale in the first half of next year, will offer an off-road ZR2
The U.K. has laid out plans to ramp up the number of electric vehicles on its roads over the next few years. Coldsnowstorm | E+ | Getty Images Electric car drivers in the U.K. have seen the cost of using a public, “rapid” charger on a pay-as-you-go tariff rise by 42% since May, according to
10:07 AM ET Associated Press CHARLOTTE, N.C. — Seven-time NASCAR champion Jimmie Johnson is retiring from full-time racing and will turn his focus toward spending time with family. He figures his future schedule will include no more than 10 bucket list events, but the 47-year-old had no idea Monday what that schedule will look like.
A Carvana Co. executive is facing dozens of criminal charges tied to the company’s alleged motor vehicle licensing and records violations in Illinois. In mid-May the Illinois Secretary of State filed several motor vehicle-related charges against Paul Breaux, who is identified on Carvana’s investor relations website as a vice president and the company’s general counsel
In this article XPEV NIO LI 9868-HK 2015-HK Follow your favorite stocksCREATE FREE ACCOUNT Li Auto warned that “supply chain constraint” would mean the company will deliver fewer cars than expected in the third quarter. Meanwhile, China has extended a tax exemption for new energy vehicles until the end of 2023 as it looks to