In this article TSLA Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters At the Tesla 2022 shareholders’ meeting on Thursday, investors asked CEO Elon Musk how the company plans to spend its money in coming years, and
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1:49 PM ET Austin LindbergESPN FC When drivers are away from the track, simulators like iRacing have become their means of staying sharp behind the wheel. iRacing “Practice makes perfect.” That’s what you tell yourself when you’re throwing spirals through an old tire, with dreams of the NFL, or shooting pucks against the garage door and
The extension of the electric vehicle tax credit in the energy and health care compromise reached by Senate Democrats is good news for the auto industry as it undertakes a profound transformation in how its products are made, powered and used. But the plan includes a complicated set of limitations designed to optimize the outcomes.
In this article RIDE Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and
4:32 PM ET Associated Press IndyCar on Wednesday fined Andretti Autosport $25,000 because the team used a water bottle to make weight in the car Alexander Rossi drove to end his 49-race losing streak. Rossi’s car failed inspection following Saturday’s win on the road course at Indianapolis Motor Speedway. IndyCar said the water bottle was
In this article LCID LCID Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Electric vehicle maker Lucid Group
Only three out of seven vehicles earned “good” or “acceptable” ratings in the Insurance Institute for Highway Safety’s most recent side-impact crash evaluation. IIHS gave ratings of “good,” “acceptable,” “marginal” and “poor.” Out of the seven vehicles tested, which IIHS classified as midsize, the Subaru Outback was the only one to receive a “good” rating,
3:59 PM ET In the space of a few days, the 2023 driver market has been turned upside down. It all started with Sebastian Vettel announcing his retirement ahead of the Hungarian Grand Prix before Fernando Alonso surprised his Alpine team by confirming he would move to Aston Martin as Vettel’s replacement the day after
In this article FSR Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images California-based EV startup Fisker said Wednesday it now
Lucid Motors slashed its production forecast in half for the year to between 6,000 and 7,000 units of its Air electric sedan after a difficult second quarter due to supply-chain issues, the company said after the market close Wednesday. Lucid delivered 679 vehicles in the second quarter. First-quarter deliveries were 360. Production out of its
10:00 AM ET Alyssa RoenigkESPN Close Alyssa Roenigk is a senior writer for ESPN whose assignments have taken her to six continents and caused her to commit countless acts of recklessness. (Follow @alyroe on Twitter). Supercross and Pro Motocross are unifying for the first time. Feld Motor Sports and MX Sports Pro Racing, promoters of
TRAVERSE CITY, Mich. — Two of North America’s biggest battery makers are looking to source more of their hard-to-find metals and materials locally as they tool up to deliver on the Biden administration’s goal of making half of U.S. auto sales be zero-emission vehicles by 2030. General Motors and Panasonic Energy say getting there will
In this article NKLA NKLA Nikola Motor Company Source: Nikola Motor Company Electric truck maker Nikola has finally won shareholder approval to issue new stock, the company said on Tuesday. Nikola has been trying for two months to win enough votes to overcome the objection of its since-departed founder, who previously voted his 20% interest
10:55 AM ET ENGLEWOOD, Colo. — With the final step of the purchase of the Denver Broncos by a group led by Walmart heir Rob Walton set for Aug. 9, the Walton-Penner group has added another high-profile investor to its ranks. Walton announced Tuesday morning that seven-time Formula One champion Lewis Hamilton will now have
WASHINGTON — Automakers want U.S. Sen. Joe Manchin to revisit his proposal to restructure the $7,500 electric vehicle tax credit, raising fears it could be largely unworkable because of new sourcing requirements for battery components and critical minerals. Manchin on Tuesday expressed little interest in revising his proposal. “Tell (automakers) to get aggressive and make
Car dealerships have been mom and pop businesses for much of their existence. But the industry is slowly consolidating. Six publicly traded dealership groups — AutoNation, Lithia Motors, Group 1 Automotive, Sonic Automotive, Penske, and Asbury Automotive Group — have been on a shopping spree in recent years, buying up a small but growing share of
8:02 AM ET Associated Press Stewart-Haas Racing restructured its leadership department of the NASCAR team to replace president Brett Frood, who was announced as commissioner of the National Lacrosse League on Tuesday. Frood has been with SHR since Tony Stewart became co-owner of the organization in 2009. He’ll still be an an executive advisor to
WASHINGTON — Stellantis’ U.S. unit, the former Fiat Chrysler Automobiles, was sentenced Monday after pleading guilty in June to criminal conspiracy and will pay nearly $300 million to resolve a multi-year U.S. Justice Department diesel-emissions fraud probe. FCA US LLC, formerly Chrysler Group LLC, previously struck a plea agreement with the Justice Department and agreed