In this article TSLA PCRFF An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Panasonic is planning to build a new battery factory in Kansas to produce high-capacity cells for Tesla, according to a report out Wednesday from Nikkei Asia. Kansas Governor Laura Kelly, a Democrat, has scheduled a press
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4:20 PM ET Associated Press Colton Herta posted a fast lap of 59.2698 seconds in Saturday’s qualifying at Toronto, becoming IndyCar’s first two-time pole winner this season. The Californian will start from the No. 1 spot for the ninth time in his career and first since competing in Long Beach, California, in April. A different
I’d like every automotive exec reading this to do this exercise right now: Place your smartphone in your right hand, and then pick up the last automobile you drove and hold it at the same height in your left hand. What? You can’t? They’re not equal, you say? Pfft. Then tell me, please, why executives
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – If investors are looking for signs of a recession or weakening consumer spending, they can skip over new vehicle prices, which hit a new record in June. Fueled by
12:28 AM ET Associated Press MORRISON, Colo. — Tony Stewart Racing teammates Leah Pruett and Matt Hagan topped the opening day of qualifying Friday in the NHRA Mile-High Nationals at Bandimere Speedway. Pruett had a 3.788-second run at 326.79 mph in her Top Fuel dragster. Hagan ran a 3.927 at 319.07 in Funny Car in
Jeff Shutt and Alex Casebeer know that the fundamental strategy followed right now by their dealerships might seem a bit out of place for the times, given short inventories, outsized consumer demand for new vehicles and the financial rewards reaped from meeting that demand. Yet what Capitol Subaru of Salem and Capitol Auto Group in
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 Elon Musk wants time to prepare for a trial over his contentious withdrawal from an agreement
8:19 AM ET Formula One technical bosses and the FIA have agreed to regulation changes for 2023 aimed at reducing, and potentially eliminating, the bouncing phenomenon known as porpoising on F1 cars next season. After the Azerbaijan Grand Prix in June, at which a number of drivers complained about discomfort as a result of the
The 2023 Chevrolet Corvette Z06 will start at $106,395, about $40,000 more than the base 2023 Corvette Stingray, Chevy said Friday. Orders for the high-performance sports car open July 28, and production is slated to begin in September. The Z06 base price includes a $1,395 shipping charge. Despite the price gap between the Stingray and
In this article TSLA Brand new Tesla cars sit in a parking lot at a Tesla showroom on June 27, 2022 in Corte Madera, California. Justin Sullivan | Getty Images News | Getty Images Tesla CEO Elon Musk said in a tweet Friday that the electric car company could lower prices if inflation “calms down.”
Netflix and Toyota finally have something in common: Both are reviving “The Crown” in the U.S. this fall after an extended hiatus. Only instead of a dramatized story of Queen Elizabeth II in the 1990s, Toyota dealers will get a hybridized fastback crossover, intended to replace the Avalon large sedan, with a resurrected nameplate that
A Tesla Model S car equipped with Autopilot David Paul Morris | Bloomberg | Getty Images Tesla AI and Autopilot leader Andrej Karpathy announced Wednesday that he is no longer working for the electric vehicle maker. Karpathy wrote on Twitter, “It’s been a great pleasure to help Tesla towards its goals over the last 5
4:41 AM ET Ferrari test driver Robert Shwartzman represented Israel as he tried out last year’s Formula One car ahead of two Friday practice sessions at grands prix later in the season. The 22-year-old, who was born near Tel Aviv and has dual nationality, represented Russia last season in Formula Two where he finished runner-up
In this article GM GM EVGO General Motors is building out a new network of EV fast chargers in partnership with Pilot Co., owner of the Pilot and Flying J highway travel centers, and EV charging network EVgo. The companies will install a total of 2,000 fast chargers at 500 of Pilot’s locations along American
Tesla Inc on Thursday asked a U.S. court to dismiss a lawsuit claiming the electric car maker violated federal law by laying off hundreds of workers without advance notice. Tesla in a filing in federal court in Austin, Texas, where the company is based, said the workers who were terminated signed valid agreements to bring
9:23 PM ET Associated Press INDIANAPOLIS — Alex Palou‘s top priority remains winning a second straight IndyCar championship. But his future after this year is looking awfully murky. Shortly after Chip Ganassi Racing announced Tuesday it would exercise a team option to keep the star Spaniard next season, Palou and Arrow McLaren SP said they
DETROIT — Electric vehicle startups that promised to disrupt the automotive industry by using a software- and technology-heavy approach are now scrambling to cut costs amid the type of industry slowdown that has bedeviled Detroit automakers over the years. To remain a player in an increasingly competitive business as incumbent automakers introduce their own EVs,
In this article .FKRX300 Hyundai Ioniq 6 Hyundai The newest electric vehicle from Hyundai Motor is a sedan with a unique bubbly design. The South Korean automaker unveiled the Ioniq 6 Wednesday night as an “electrified streamliner,” a nod to its aerodynamic design that Americans may know best through the design of an Airstream trailer.