6:54 AM ET Formula One is moving closer to securing a South African Grand Prix at former race venue Kyalami, which could be on the schedule as early as next year. F1 CEO Stefano Domenicali has flown straight from Baku, host of Sunday’s Azerbaijan GP, to South Africa for talks over the potential return. 2
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Electric Last Mile Solutions Inc. said it plans to liquidate through a Chapter 7 bankruptcy process, a decision that comes almost one year after the electric-vehicle startup went public and just four months after both its CEO and chairman resigned. The suburban Detroit company said in a statement late Sunday that its board and interim
In this article ELMS The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s facility in Mishawaka, Indiana. Electric Last Mile Solutions EV start-up Electric Last Mile Solutions said late Sunday it plans
3:54 PM ET Associated Press ELKHART LAKE, Wis. — Josef Newgarden earned a $1 million bonus on Sunday for winning at Road America, where his third win of the season completed a trifecta of victories on IndyCar’s different circuits. Newgarden won on the oval at Texas and the street course in Long Beach this season,
Porsche will offer a North America-specific sports car model with the “America” moniker. The limited edition 2023 Porsche 911 Carrera GTS Cabriolet America will arrive at U.S. dealerships in late 2022, starting at $186,370, including shipping. Only 115 vehicles will be built, with 100 sent to the U.S. and 15 to Canada, making this one
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. China sold nearly 21.5 million passenger cars last year. That’s roughly the equivalent of sales in
10:22 AM ET Lewis Hamilton said the pain he felt from his bouncing Formula One car during the Azerbaijan Grand Prix was so bad he was “praying for it to end,” while McLaren’s Daniel Ricciardo compared it having your head bounced around like a basketball. Hamilton was seen struggling to get out of his Mercedes
When Ted Ings got his start as a salesman at Fette Ford in Clifton, N.J., in 1981, there was no Internet. Today, he hosts one of the longest-running fixed ops podcasts. “We’re in the automotive business,” Ings says. “We need to pivot and adjust.” Ings’ “Fixed Ops Roundtable” podcast posts every Monday and covers topics
4:21 PM ET Associated Press ELKHART LAKE, Wis. — Alexander Rossi won his first pole in three years and will now try to snap a losing streak that dates just as long. Rossi will start from the pole Sunday at Road America, site of his most recent IndyCar Series victory 44 races ago on June
DETROIT — General Motors has dropped a four-year degree requirement for many jobs, opting for a skills-based, people-focused hiring process instead. “From a soft skills perspective, we really needed people who can connect with people,” said Tammy Golden, GM’s executive director of diversity, equity and inclusion and head of the automaker’s work force strategy. “When
In this article BMW-DE Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin | AFP | Getty Images European lawmakers have voted to ban the sale of new diesel and gasoline
12:24 PM ET Seven-times world champion Lewis Hamilton on Friday said he would not appear in a film starring Brad Pitt based on Formula One that the Mercedes racer is co-producing as he does not want it to flop. Apple TV earlier this week said its studio arm had landed the rights to the feature
Tesla Inc. said it will ask shareholders to approve a 3-for-1 stock split at their August annual meeting, according to a proxy statement filed Friday after the market close. The stock jumped 1.9 percent in postmarket trading on the news. The proposed split in the form of a dividend comes amid a sharp selloff in
In this article QS A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards. QuantumScape, which was founded in 2010, went public via a
4:11 PM ET Associated Press Simona de Silvestro finished second at the Houston Grand Prix, the third-to-last race of the 2013 IndyCar season, and then stormed into the KV Racing truck to confront the owners. “Me! You need to hire me!” the Swiss racer told her bosses. They were seeking a replacement for Indianapolis 500
The Minnesota Automobile Dealers Association filed a lawsuit Wednesday in an attempt to block the Minnesota Pollution Control Agency’s adoption of California Air Resources Board rules, which would require automakers to produce a higher percentage of electric and hybrid vehicles for sale in Minnesota by 2024. The lawsuit was filed in the Minnesota Court of
In this article TSLA Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Tesla just filed its annual proxy statement with the SEC and revealed it plans a three-for-one stock split, and that board member Larry Ellison does not plan to stand for re-election. Shares
7:52 AM ET Daniel Ricciardo has dismissed any suggestion he could lose his McLaren race seat before the end of 2023, when his current contract expires. Ricciardo’s poor recent form has prompted rumours about his future with the team. McLaren CEO Zak Brown heightened that speculation during the Monaco Grand Prix weekend, saying Ricciardo has