China’s chip industry is growing faster than anywhere else in the world, after U.S. sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components. Nineteen of the world’s 20 fastest-growing chip industry firms over the past four quarters, on average, hail from the world’s No. 2 economy, according to data
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11:31 AM ET Associated Press CHARLOTTE, N.C. — From Italy to Iowa to the simulator and finally the Finger Lakes, there’s been no rest for Jimmie Johnson. He heads this weekend to Watkins Glen for one of this final two scheduled appearances in the IMSA sports car. Then he’ll turn his attention to planning his
American Honda Motor Co. is recalling 112,060 vehicles in the U.S. after the discovery of a frame defect that could increase the risk of fire. The recall affects 2006-14 Honda Ridgeline models sold or registered in the “salt-belt” region of the country, locations where de-icing agents are applied to roads during the winter. Honda said
In this article 9866-HK Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said in a Weibo post on Thursday. The incident happened at around 5:20 p.m. Beijing time on Wednesday. One company
Bruton Smith, a longtime car dealer and pioneer in public automotive retail, as well as NASCAR hall-of-famer, racetrack owner and philanthropist, died on Wednesday. He was 95 and died of natural causes, according to Sonic Automotive Inc., the public dealership group he founded. Smith launched Sonic Automotive of Charlotte, N.C., as a public company in November
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters The founder of electric-truck start-up Nikola Motors, already under indictment for fraud, is facing a new charge
8:22 AM ET Valtteri Bottas almost walked away from Mercedes and Formula One at the end of 2018 after falling into a “dark place” at his failure to challenge Lewis Hamilton for the championship. When Nico Rosberg retired after winning title in 2016, Bottas was the man drafted in to replace him, but he struggled
Victory Automotive Group, fresh off sales of two Honda stores in separate May transactions, made its first acquisition since late 2021 with the purchase of two dealerships representing four total franchises. Victory Automotive, of Canton, Mich., on June 6 bought Nassief Honda in Austinburg, Ohio, and Nassief Ford-Toyota-Hyundai in Jefferson, Ohio, from siblings Marybeth and
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Raw material costs for electric vehicles more than doubled during the coronavirus pandemic, according to a new report Wednesday
TOKYO — Julie Hamp, the global communications executive who broke the glass ceiling at Toyota Motor Corp. only to be arrested in Japan and sent to the U.S., is back at the world’s biggest automaker, this time as a special media adviser to President Akio Toyoda. Hamp returned to Toyota Motor Corp. effective June 20,
Hundreds of Uyghurs are working for a mining conglomerate that produces raw materials for electric vehicles as part of a so-called work transfer program in China, the New York Times reported. Shen Longquan | Visual China Group | Getty Images Chinese companies that produce raw materials for electric vehicle batteries show indications of using forced
General Motors, Ford Motor Co. and Chrysler parent Stellantis said on Tuesday they are making masking optional at all U.S. facilities. In mid-May, the Detroit 3 and the UAW — which have a COVID-19 joint task force — reinstated a requirement that employees wear masks in southeastern Michigan where there are high levels of COVID-19. The
In this article TSLA Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk has sought to clarify how many Tesla workers will lose their jobs, following the launch of a lawsuit by former employees who claim the automaker breached U.S. labor laws. Speaking at an event hosted by Bloomberg Tuesday, Musk
11:26 AM ET MONTREAL — Max Verstappen looks unstoppable at the moment. The reigning world champion has won six of the seven races he has finished this year. At Sunday’s Canadian Grand Prix, he was made to work for victory right until the line, with Ferrari’s Carlos Sainz chasing him close for 15 laps at
Tesla Inc. was sued by some former employees who claim the company’s decision to lay off about 10 percent of its workforce violated federal law by failing to provide the required advance notice for the job cuts. Two workers fired this month from Tesla’s battery factory near Reno, Nevada, allege the company didn’t comply with
In this article TSLA Elon Musk, here seen at an event in New York in early-May, is being aggressively courted to produce his electric vehicles “end to end” in resource-rich Indonesia. Angela Weiss | AFP | Getty Images President Joko Widodo denied that Indonesia has turned protectionist during his tenure, saying the gates remain open
10:18 AM ET Ferrari driver Charles Leclerc says he is not worried about Max Verstappen’s 49-point lead over him in the championship after nine races. Red Bull has won the last six races in a row, with Verstappen taking five victories and his teammate Sergio Perez, who is second in the championship and three points
Tesla might have to raise wages in Germany if it wants to achieve its goal of hiring thousands of additional workers for its factory near Berlin, according to the country’s leading automotive labor union. IG Metall is getting reports from Tesla staff at the Gruenheide site who are complaining about inadequate or unequal wages, the