3:59 AM ET Yuki Tsunoda will remain in Formula One with AlphaTauri for another year, the Italian team has confirmed. Tsunoda, who is a part of the Red Bull young driver programme and backed by engine supplier Honda, is currently in his second season at AlphaTauri. His future in F1 beyond the end of the
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Ford Motor Co. on Thursday said it is reorganizing its executive ranks as it adds new talent and gives a handful of leaders expanded roles in conjunction with the previously announced retirement of Hau Thai-Tang, the longtime product and purchasing chief. CFO John Lawler will temporarily oversee a makeover of Ford’s global supply chain operations
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor on Thursday announced plans to restructure its global supply chain, days after the company said it expects to book an extra $1 billion in unexpected supplier
Sep 20, 2022 Fernando Alonso has the “speed, hunger, motivation and experience” to help Aston Martin take the next step but things could get difficult if they do not deliver a fast enough car for the former world champion, team boss Mike Krack said on Tuesday. Alonso will make the move from Renault-owned Alpine to
DETROIT — Automotive industry suppliers are raising prices to their customers across the board, not just with Ford Motor Co., which warned this week it was taking a $1 billion inflationary cost hit. Several suppliers said Ford isn’t suffering alone, as automakers across the board are being asked to shoulder more of the burden suppliers
Marvell Technology (MRVL) CEO Matt Murphy on Wednesday painted an optimistic long-term picture for the semiconductor company, suggesting that Wall Street has recently misjudged both the Club holding’s present performance and future prospects. “The long-term opportunity for this company … is tremendous because if you think about the end markets that we participate in —
7:55 AM ET Christian Horner regrets not adding Oscar Piastri to Red Bull’s driver academy when presented with the chance to several years ago. Piastri, who will race for McLaren in 2023 after a protracted contract saga with Alpine this summer, rose through the French company’s driver academy in recent seasons before winning last year’s
Just over half of passenger cars sold in the U.S. will be electrified vehicles by 2030, according to a report from BloombergNEF, thanks in part to consumer incentives included in the $374 billion in new climate spending enacted by President Joe Biden. Those incentives, among them a point-of-sale tax credit of up to $7,500 for
Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022. China News Service | China News Service | Getty Images BEIJING — Chinese electric car start-up Xpeng‘s newest model will likely sell better than its most popular car to date, according to Brian Gu, the company’s president and honorary vice
10:49 AM ET The Monaco Grand Prix will continue in Formula One until 2025. Monaco’s contract was up this year and there was doubts about whether F1’s most famous event would continue, but on Tuesday F1 confirmed a new three-year deal for the street race. The extension was confirmed alongside F1’s race schedule for 2023.
Chipmaker Nvidia showcased a high-performance automotive computer designed to advance processing of in-vehicle entertainment and automated driving functions. The technology was unveiled Tuesday at the company’s GTC event in San Jose, Calif. Analysts say the computer is designed to keep Nvidia ahead of rival Intel and its Mobileye automotive chip subsidiary. Nvidia’s latest tech, called
Ford Motor (F) late Monday became the latest company to preannounce third-quarter results, signaling it would close out the quarter ending Sept. 30 with 40,000 to 45,000 unfinished vehicles in inventory, due to supply shortages and inflation. Shares of the Club holding company were down 12% on Tuesday, but the question now is: Do you
New ideas in how to control vehicles and how to build them better have earned 11 suppliers a total of 12 Automotive News PACE Awards for 2022. Continental, American Axle & Manufacturing and Magna International are among the winners. Yazaki Corp. won two PACE awards. Automotive News announced the winners Monday night at a gala
In this article F 2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000
Uber Technologies Inc. said Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that last week forced the ride-hailing company to temporarily shut several internal communications. Uber said the attacker had not accessed any user accounts or the databases that store sensitive user information such as credit card numbers,
A Ford Bronco vehicle on a demonstrative course during the Motor Bella Auto Show in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021. Emily Elconin | Bloomberg | Getty Images Here are the stocks making notable moves in extended trading: Ford — Shares fell about 3.8% post market Monday after the automaker told investors it
DETROIT — Carlos Tavares saw frugality on display at the first Detroit auto show in more than three years, but he doesn’t view that as a negative. Automakers, the Stellantis CEO said, are doing what they can to get the best return on their investments. He thinks the savings from a toned-down atmosphere could result
Sep 10, 2022 Haas’ Kevin Magnussen and Mick Schumacher have joined the list of drivers with a grid penalty at the Italian Grand Prix, which now stands at nine. Magnussen and Schumacher will both drop 15 places from wherever they qualify after Haas made changes to the engine components in both cars. 1 Related Formula