Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for
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6:04 PM ET Associated Press INDIANAPOLIS — Rain held off long enough on Saturday to complete the first round of qualifying for the Indianapolis 500 on a soupy day that still produced eye-popping speeds not seen in 26 years at Indianapolis Motor Speedway. Rinus VeeKay and Pato O’Ward, a pair of young new stars, posted
Supplier American Axle & Manufacturing Holdings Inc. is exploring a potential sale, people familiar with the matter told Bloomberg. The company has hired an adviser to help with the process, the people said, asking not to be identified discussing private information. A leveraged buyout through a private equity firm is a likely option, one person
In this article F TSLA GM GOOGL An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet‘s Waymo and others leaders have promised autonomous vehicles are
9:41 PM ET Associated Press INDIANAPOLIS — Takuma Sato was the fastest driver at Indianapolis Motor Speedway before IndyCar drivers were given some extra boost for Friday’s practice. He was even quicker afterward — despite the incredibly gusty winds. The two-time Indianapolis 500 winner from Japan finished atop the speed chart for the third consecutive
A new software stack developed by steering supplier Nexteer Automotive and Israeli tech startup Tactile Mobility allows vehicles to get a better “feel of the road” in hazardous conditions — and even to detect the health of a tire. The software is integrated into a vehicle’s steering system to instantly detect when the tires have
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Tesla CEO Elon Musk on Friday blasted the Biden administration and Democrats on Twitter, as the world’s richest man doubled down on his vow to vote for Republicans. Musk in a tweet accused the Biden administration of doing
1:31 PM ET BARCELONA, Spain — While Mercedes were keen to downplay their improvements ahead of the Spanish Grand Prix, Red Bull boss Christian Horner believes the world champions’ new upgrades could bring them back into the title fight. Mercedes has struggled so far this year with a car which bounces aggressively when driving at
A West Virginia jury ruled Tuesday that Ford Motor Co. must pay $7 million to the family of a 19-year-old woman who was killed in a 2016 accident involving her Ford Mustang. According to the suit, a pickup struck the 2014 Mustang, which subsequently caught fire, and Breanna Bumgarner was ultimately killed. The lawsuit, filed
The logo of Hyundai is shown at the #WeAreMobility fair at the 97th edition of the Brussels Motor Show on 18 January 2019, in Brussels. Dirk Waem | AFP via Getty Images Hyundai Motor on Friday confirmed plans to spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the
11:51 AM ET BARCELONA, Spain — After the hype and excitement of the Miami Grand Prix, this weekend’s race in Spain feels like a return to normality for Formula One. Miami joined Austin, Texas, as a U.S. F1 race host this year, and the May 8 event had a Super Bowl feel to it, with
TOKYO – Nissan and Mitsubishi took an important next step in their electric vehicle ramp up plans with the start of production of a pair of jointly developed mini-EVs for the Japanese market. The sibling nameplates, the Nissan Sakura and Mitsubishi eK X EV, aim to tap huge domestic demand for tiny runabouts in the
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX founder Elon Musk said in a tweet late Thursday that “wild accusations”
12:41 PM ET BARCELONA, Spain — Carlos Sainz is concerned about the long-term health impact of racing the latest generation of Formula One cars after experiencing intense stiffness in his neck and back after races this year. New technical regulations for 2022 have opened up the possibility of generating immense amounts of downforce from the
Rules. Every racing series from quarter midget to NASCAR to IndyCar requires teams to adhere to what seems like a byzantine labyrinth of rules. The requirements — which govern everything from the size, thickness and placement of decals to the engine’s size and power output — help ensure cars from different teams are close to
1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe Courtesy: RM Sotheby’s An ultra-rare Mercedes-Benz race car sold for $143 million earlier this month, making it the most expensive car ever sold. RM Sotheby’s announced it auctioned off a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe for 135 million euros, or about $143 million. The sale smashed the previous
7:14 PM ET Associated Press INDIANAPOLIS — Jimmie Johnson set his alarm for 5:48 a.m. — he uses the number 48 in nearly all his mundane activities — hoping to get a workout in before opening day at Indianapolis Motor Speedway. Excitement got the best of him. Johnson awoke 15 minutes before his alarm went
Honda’s all-electric Prologue crossover is taking shape as the automaker prepares for an electrified future that targets half a million EV sales in North America by 2050. The 2024 Prologue, Honda’s first volume EV, will leverage General Motors’ Ultium platform and batteries as part of a partnership between the two automakers. Honda has said it