In this article GM GM GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM General Motors reported second-quarter earnings Tuesday that missed Wall Street’s estimates
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Jul 25, 2022 Associated Press DES MOINES, Iowa — Two-time IndyCar champion Josef Newgarden was released from a Des Moines hospital on Monday and returned to his Tennessee home, where he will wait for an evaluation to determine if he can race this weekend at Indianapolis Motor Speedway. Team Penske named Santino Ferrucci as its
The automotive semiconductor market will equal $250 billion by 2040, based on rapid development of electric and luxury vehicles. That’s the conclusion of a report from consultant KPMG titled “Automotive Semiconductors — Accelerating Into the New ICE Age.” KPMG’s study follows a 2019 analysis that estimated the industry would reach $200 billion by 2040. It
In this article BMW-DE VOW3-DE RACE-IT A Ferrari photographed in Switzerland on March 2, 2015. The Italian company plans to launch a fully electric vehicle in 2025. Harold Cunningham | Getty Images News | Getty Images The CEO of Ferrari on Tuesday moved to allay fears the firm’s upcoming electric offering will compromise on performance,
Jul 25, 2022 LE CASTELLET, France — The devastation was audible in Charles Leclerc’s voice as he screamed over team radio. His car was nose into the barriers at Turn 11; his championship chances were in pieces. What made it so difficult to bear was that this moment was on him. On a weekend when
Redwood Materials, founded by former Tesla Inc. executive JB Straubel, said on Monday it plans to spend $3.5 billion on a battery-materials factory in northwest Nevada. The auto industry has been ramping up production of electric vehicles to meet a demand surge, driving up orders for batteries and raw materials such as lithium, cobalt, etc.
In this article TSLA Signage is displayed on the Tesla Inc. assembly plant in Fremont, California, on Tuesday, Sept. 22, 2020. David Paul Morris | Bloomberg | Getty Images A federal agency responsible for enforcing civil rights laws against workplace discrimination issued a cause finding against electric vehicle maker Tesla in June, according to a
2:49 PM ET Denny Hamlin was stripped of his Pocono win on Sunday night after his Toyota Camry failed technical inspection. Logan Riely/Getty Images Next Gen car, Next Gen punishment. On Sunday evening, so soon after the finish of the 21st race of the 2022 NASCAR Cup Series season that the confetti was still stuck to
The busiest earnings week of the summer is here — oh, and the Federal Reserve will announce its latest decision on interest rates Wednesday afternoon as the U.S. central bank tries tame the hottest inflation in four decades. Don’t forget the first look at second-quarter gross domestic product Thursday morning. That’s when we find out
WASHINGTON — The U.S. Energy Department on Monday plans to announce it intends to loan a joint venture of General Motors and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing plants, officials told Reuters. The conditional commitment for the loan to Ultium Cells LLC for facilities in Ohio,
9:40 PM ET Associated Press SONOMA, Calif. — Brittany Force raced to her fourth Top Fuel victory of the season and 15th overall in a record-setting Sunday in the Denso NHRA Sonoma Nationals. Force had a 3.709-second run at 335.48 mph to beat Mike Salinas in the final round and move ahead of him for
There’s no shortage of new and refreshed product in the works from automakers, including a bevy of EVs. The definitive guide for all the metal coming down the line is in our annual Future Product Pipeline series. It’s the most accessible way to keep track of this must-have information. Our series runs weekly, starting with General Motors,
In this article 300750-CN F F Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday that it has secured 100% of the battery supplies needed to deliver electric vehicles at a
6:36 PM ET Associated Press NEWTON, Iowa — Pato O’Ward pounced on Josef Newgarden’s misfortune Sunday to win the second race of the Iowa Speedway doubleheader, and Jimmie Johnson had the first top-five finish of his IndyCar career. Newgarden dominated and led 148 of the 300 laps while trying to sweep the weekend. But something
Automakers are forming contingency plans for potential work stoppages at West Coast ports even as talks continue between the Pacific Maritime Association and the International Longshore and Warehouse Union to replace an expired labor contract. The ports, especially those in Long Beach and Los Angeles, are crucial shipping hubs for the U.S. auto industry. The
In this article GM GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company
9:12 PM ET Associated Press SONOMA, Calif. — Funny Car leader Robert Hight took the No. 1 qualifying position Saturday in the Denso NHRA Sonoma Nationals in a bid to become first NHRA driver to win four straight races at Sonoma Raceway. Hight’s run of 3.825 seconds at 332.75 mph in a Chevrolet Camaro held
In a time when labor shortages are leaving many job openings unfilled, dealerships have had to compete for employees at every position. What Dave Wright Nissan-Subaru in Hiawatha, Iowa, is doing to recruit workers is simple: creating talent from within. The Tech 120 Program is an all-expenses-paid technician recruitment and development program designed to help