Renault has said that there will be no sudden let up in the supply chain shortages that have dogged the autos industry. Sameer Al-doumy | Afp | Getty Images Renault’s CEO said Friday that there will be no sudden let up in the supply chain shortages that have dogged the autos industry, even as the
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2:46 PM ET INDIANAPOLIS — — Felix Rosenqvist continued to fight for his seat in the IndyCar Series with a pole-winning run on the road course at Indianapolis Motor Speedway. The Swede earned his second pole of the season with a run of 1 minute, 10.2265 seconds in Friday qualifying. It’s the second pole of
A federal grand jury has indicted Erik Charles Maund, 47, a former partner at Maund Automotive Group in Austin, Texas, and three other individuals on murder-for-hire charges in the deaths of a Nashville couple, according to the U.S. Department of Justice. In addition to Maund, Gilad Peled, 48, and Bryon Brockway, 47, both residents of
In this article TWTR “The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Twitter and Tesla CEO Elon Musk will go to trial starting on Oct. 17 in Delaware
6:34 PM ET Associated Press INDIANAPOLIS — IndyCar champion Alex Palou, who has contracts signed with two different race teams for 2023 and is being sued by Chip Ganassi Racing, declared Thursday: “I will be in the McLaren family next year.” The soap opera over Palou’s future continued with more twists and turns than the
Asbury Automotive Group Inc. generated record net income of $201.4 million during the second quarter, bolstered by dozens of new Larry H. Miller Dealerships locations it purchased at the end of 2021. That translated to a net income gain of 32 percent compared with the second quarter of last year, Asbury reported Thursday. Asbury’s revenue
In this article F TSLA An unknown automaker, VinFast, which was founded just a few years ago in Vietnam, is landing in the United States hoping to take on giants like Tesla. Its founder, Pham Nhat Vuong, made his first fortune in dried ramen noodles and has since become Vietnam’s richest person and owner of
1:59 PM ET It wasn’t the Brickyard 400, but AJ Allmendinger still kissed the bricks after winning at Indianapolis last season. Stacy Revere/Getty Images The Brickyard is the Brickyard no longer. Yes, the race still has the word in the title — the Verizon 200 at the Brickyard. Indy is still Indy and Indy will always
DETROIT — In a break from tradition, UAW President Ray Curry will not deliver a state of the union speech at the organization’s 38th constitutional convention, which is set to adjourn Thursday afternoon here. Curry’s speech, which was originally planned at the end of the convention’s first day, had already been delayed three times. “By
In this article AMZN RIVN Rivian CEO RJ Scaringe and Amazon CEO Andy Jassy tour one of the company’s electric delivery vans. Amazon Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors
10:36 AM ET Associated Press The fight over IndyCar champion Alex Palou is headed to court as Chip Ganassi Racing filed a lawsuit in Indiana against the Spanish driver who is attempting to leave the team at the end of the season. Palou is in his second season driving for Ganassi. The team owner said
WASHINGTON — A breakthrough deal between U.S. Sens. Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles, according to people familiar with the matter, a big win for EV-makers like General Motors, Tesla Inc. and Toyota Motor Corp. The credit will be included in
Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry. Pony.ai BEIJING — Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry. Annual production is set to reach about 10,000
12:07 PM ET Darlington Raceway has signed Coastal Carolina quarterback Grayson McCall in the first lengthy name, image and likeness partnership between a NASCAR racetrack and a college football player. Atlanta Motor Speedway has done one-off social media promotions with a trio of Georgia football players to promote its most recent NASCAR Cup Series events,
WASHINGTON — The U.S. Energy Department said Wednesday it had closed a $102.1 million loan to Syrah Technologies LLC SYR.AX for the expansion of a Louisiana facility that produces graphite-based active anode material — a key component for lithium-ion batteries for electric vehicles. This is first loan from the Advanced Technology Vehicles Manufacturing (ATVM) Loan
In this article F 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 Ford Motor Company said that its adjusted operating income more than tripled from a year ago, to $3.7 billion, as it was able to deliver more
Jul 24, 2022 Associated Press NEWTON, Iowa — Josef Newgarden collapsed in the motorhome lot following his late crash Sunday at Iowa Speedway and was taken to a Des Moines hospital by helicopter for evaluation. IndyCar medical director Dr. Geoffrey Billows said Newgarden was transported by helicopter to Mercy One Des Moines Medical Center because
Compact car maker Mini revealed an electric crossover concept on Tuesday as the automaker plots a transformation into an all-electric brand by 2030. The Mini Concept Aceman hints at a future compact crossover that would slot below the line’s bestselling Countryman. A source said that the new model, jointly developed by Mini with Great Wall