In this article F Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor is cutting about 3,000 jobs from its global workforce, as the automaker attempts to lower costs as part of restructuring efforts under CEO Jim Farley. Ford began notifying workers of the reductions on
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Aug 19, 2022 Associated Press MADISON, Ill. — There was no chance Meyer Shank Racing would risk four-time Indianapolis 500 winner Helio Castroneves making history with another team. Curtailing that possibility, the team announced a one-year contract extension Friday that will bring Castroneves back for a 26th full IndyCar season. Castroneves won his fourth 500
Volkswagen Group has sealed an agreement with Canada to secure access to raw materials such as nickel, cobalt and lithium for vehicle and battery production, people familiar with the accord told Bloomberg. The memorandum of understanding will be signed during German Chancellor Olaf Scholz’s current trip to Canada and is designed to shorten supply chains
In this article TSLA Tesla founder Elon Musk was practically apologetic on his company’s earnings call for hiking prices to meet higher costs. Sean Zanni | Patrick Mcmullan | Getty Images Tesla CEO Elon Musk on Sunday announced a 25% price increase for the company’s premium driver assistance system, which is marketed under the name
7:18 PM ET Associated Press BRAINERD, Minn. — Four-time defending Top Fuel champion Steve Torrence raced to his first victory of the season Sunday, defending his event win at Brainerd International Raceway in the 40th annual Lucas Oil NHRA Nationals. Beating eight-time season champ Tony Schumacher in the final round, Torrence picked up his 52nd
Robert BoschNorth America Vice President of Electrification ErichBanhegyi Big Break: Being project leader of the team that designed Bosch’s first hybrid drive — an e-motor and clutch — which debuted in 2010. Age: 43 Valeo Regional Operations Quality Director FernandaBarrales Big Break: Moved from sales into a more technically challenging management career track in project
Cars and buses in Sydney, Australia, on Monday, May 25, 2020. Authorities in the country are looking to set up a National Electric Vehicle Strategy. Brendon Thorne | Bloomberg | Getty Images An Australian bank plans to stop giving loans for new diesel and gasoline cars as the country tries to encourage the use of
11:54 PM ET Associated Press MADISON, Ill. — Josef Newgarden considers teammate Scott McLaughlin one of his closest friends, his “Bus Bro” at the racetrack, and the driver he knows will race him clean with a win on the line. That made it a lot easier for Newgarden to chase down McLaughlin on a restart
OKYO — Denso Corp.‘s bold new move into air mobility is taxiing for takeoff with a new motor developed for a funky, futuristic all-electric jet aircraft. The motor is the first outcome of an alliance forged in 2019 between the Japanese supplier and U.S. aerospace giant Honeywell International to design, develop and produce electric air
7:51 PM ET Associated Press BRAINERD, Minn. — Defending event champion Matt Hagan topped Funny Car qualifying Saturday in the Lucas Oil NHRA Nationals at Brainerd International Raceway. Paired with points leader Robert Hight for the final passes of the day, Hagan had a 3.843-second run at 331.36 mph in Tony Stewart Racing’s Dodge Charger
1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars up for auction in Monterey, California, this week are expected to shatter records. Auction sales at the Monterey Car Week are expected to total between $300 million and $490 million, according to Hagerty Automotive Intelligence, the classic-car insurance and collector-lifestyle company. Experts say
Ford Motor Co. was told by a jury to pay more than $1.7 billion over a 2014 rollover accident that killed a Georgia couple, according to Bloomberg News and The Wall Street Journal. Jurors delivered their verdict on punitive damages Friday following a 14-day trial in state court in Lawrenceville, Ga., the plaintiffs’ attorney, Gerald
6:52 PM ET Associated Press MADISON, Ill. — IndyCar points leader Will Power won the pole for the Saturday night race at World Wide Technology Raceway and tied Mario Andretti for series pole record. The 67th pole of Power’s career was won Friday on the short oval near St. Louis. The Australian turned a lap
As used electric vehicles become common, the largest auto auction houses grapple with how to value a car after factoring in the gradual degradation of aged batteries, which typically last eight to 10 years, or about 100,000 miles. Accurately judging the remainder of the battery’s useful life is crucial to building confidence in the used-EV
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT electric muscle car concept on Aug. 17, 2022 in Pontiac, Mich. Michael Wayland / CNBC PONTIAC, Mich. – At an event featuring headbanging ’80s music and $2 beers this week, Dodge unveiled a concept for its first electric muscle car that included an exhaust system and multi-speed
12:23 PM ET As IndyCar’s youngest-ever winner, Colton Herta is drawing interest from F1. AP Photo/Darron Cummings Just call it the Curious Case of Colton Herta. This weekend marks the third-from-last event of the 2022 IndyCar season, and the final oval race of the year, on the egg-shaped World Wide Technology Raceway outside St. Louis. The
Another victim of staffing shortages, inflation and supply chain disruptions has filed for voluntary Chapter 11 bankruptcy protection. Cammand Machining LLC filed a petition for bankruptcy this week in U.S. Bankruptcy Court in Detroit. The machine shop, which services the mold-and-die industry for automotive and aerospace customers, indicated in the filing that it was never
In this article GOOGL TSLA Tesla Model 3 Source: Tesla YouTube has removed a pair of videos from its platform which showed Tesla drivers conducting amateur vehicle safety tests using their own children in place of mannequins in the road or the driveway. The tests were to determine if a slow-moving Tesla equipped with the