11:49 AM ET Juri Vips, the driver cut from Red Bull’s driver programme for using a racial slur during a livestream, will continue racing in Formula 2 after his Hitech team said it wanted to provide the Estonian “the chance to redeem himself”. Formula 2 has reacted to the decision with dismay, saying it is
News
One of Europe’s biggest automakers warned after a deal to phase out combustion engines that the industry is doomed unless EVs get less expensive. Stellantis is aiming to cut the cost of making electric vehicles 40 percent by 2030, Chief Manufacturing Officer Arnaud Deboeuf said Wednesday. The producer of Fiats, Rams, Jeeps and Peugeots, among
12:50 PM ET MILTON KEYNES, U.K. — When the COVID-19 pandemic resulted in a lockdown across the U.K. during the Christmas of 2020, Red Bull’s legendary Formula One designer, Adrian Newey, found himself with a lot of time on his hands. Usually he’d spend the period between Christmas and New Year skiing or taking a
WASHINGTON — The nation’s top auto safety regulator is seeking more information from American Honda Motor Co. to aid an investigation into more than 1.7 million vehicles for alleged unintended activation of the automatic emergency braking system. In a letter sent June 14 to Jeff Chang, Honda’s division head for product safety, NHTSA is requesting
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images Chinese electric vehicle maker Li Auto said Tuesday that it plans to raise $2 billion from U.S. investors through an “at-the-market” stock offering, in which
12:51 PM ET Red Bull have cancelled the contract of junior driver Juri Vips after he used a racial slur during a livestream, the team announced on Tuesday. Vips, who apologised for his behaviour, was initially suspended on June 22 while the team carried out an investigation, which has now been concluded. “Following its investigation
TOKYO — Hyundai is going sleek and rounded with its next electric vehicle, the Ioniq 6 sedan, tapping a “streamliner” look that diverges from the futuristic angles of the Ioniq 5 hatchback. In releasing official photos of the Ioniq 6 exterior and interior, Hyundai says the “single-curved aerodynamic profile” delivers the brand’s sleekest drag coefficient yet
Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan. Rebecca Cook | Reuters Tesla is closing its office in San Mateo, California, and eliminating an estimated 200 jobs there, CNBC has confirmed, as part of a broader cost-cutting effort at the electric vehicle company. At the San Mateo
6:12 AM ET Lewis Hamilton has condemned three-time Formula One world champion Nelson Piquet for using a racially abusive term about him in an interview. The 69-year-old Brazilian used the derogatory term in a podcast in Portugese, which came to light this week, following last year’s British Grand Prix where title rivals Hamilton and Max
Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to J.D. Power’s 2022 Initial Quality Study. Buick, Dodge
The Federal Trade Commission proposed banning finance and insurance coverage and physical vehicle add-ons “that provide no benefit” and requiring expanded disclosure and consent on such optional products — including a list of prices online. The agency also is considering cracking down on dealerships’ advertising related to the cost of the vehicle itself. The commission’s
2:04 PM ET Associated Press Justin Marks‘ own mother heard the rumor and texted her son, the owner of Trackhouse Racing, to find out if Helio Castroneves will be running the Daytona 500 for the NASCAR team. That would be the logical spot for the four-time Indianapolis 500 winner who has longed to give NASCAR
Ford Motor said Monday it will recall about 2,900 F-150 Lightnings because a software issue could result in a failure to provide adequate warning of low tire pressure. The recall is the first for the Ford electric pickup. Ford said the truck’s tire pressure monitoring system light might not illuminate when intended. It also might
6:20 PM ET Associated Press NORWALK, Ohio — Ron Capps took the No. 1 position in Funny Car qualifying at the Summit Racing Equipment NHRA Nationals. The defending series champion who’s coming off a victory last week at Bristol, Tennessee, Capps had a run of 3.901 seconds at 328.38 mph Friday in his Toyota GR
Sweden’s Northvolt, whose customers include BMW and Volkswagen Group, is planning to go public within the next two years as battery demand for electric vehicles booms. The company is “well positioned” for an initial public offering, founder and Chairman Carl-Erik Lagercrantz said in an interview. The venture, which has been valued at around $12 billion
BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING — Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive electric vehicle market. BMW and some
8:33 PM ET Associated Press NORWALK, Ohio — Mike Salinas won the Summit Racing Equipment NHRA Nationals on Sunday to take the Top Fuel points lead from Brittany Force. Salinas won for the fourth time this season and seventh overall, beating Josh Hart in the final with a 3.706-second run at a track-record 333.58 mph.
Toyota Motor North America is the latest automaker to collaborate with battery recycling company Redwood Materials as it works to provide a more sustainable battery supply chain for its electric vehicle push. The move comes as Toyota is becoming one of the first automotive manufacturers to accumulate end-of-life batteries. The company’s Prius, dating to 1997,