In this article TWTR Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Elon Musk said twice
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9:40 AM ET The storyline surrounding Mercedes ahead of each race this season has been the same: will this be the weekend the reigning F1 world champions finally unlock the potential of their car? Yet with almost a quarter of the season complete, increasingly the question is whether the potential is there at all and
NASHVILLE — A host of startups and newcomers to the auto industry are shaking up the automotive supply chain, but established companies aren’t standing pat. Indeed, the supply chain is in for a major overhaul as longtime suppliers look to maintain their positions in the electric vehicle era, manufacturing executives said during a panel at
In this article TSLA An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were included on
7:21 PM ET Associated Press INDIANAPOLIS — Two-time Indianapolis 500 winner Takuma Sato shot to the top of the speed chart late Tuesday on the first day of preparations for “The Great American Race.” Sato went 228.939 miles per hour (368.44 kph) around Indianapolis Motor Speedway to bump six-time IndyCar champion Scott Dixon as fastest
BERLIN — Mercedes-Benz will incorporate a new, highly energy-dense battery in its upcoming electric G-Class from 2025, a solution to the problem of how to power large electric cars without weighing them down with heavy batteries. The battery, made by start-up Sila Nanotechnologies, uses silicon-based anodes and is 20 percent to 40 percent more energy
In this article 7203.T-JP TSLA VOW3-DE GM F One of Toyota’s Sora busess photographed in Japan on Nov. 5, 2021. Toyota started working on the development of fuel-cell vehicles back in 1992. Korekore | Istock Editorial | Getty Images Toyota Motor Europe, CaetanoBus and Air Liquide have signed an agreement related to the development of
8:55 AM ET Formula One is right to ban jewellery from the cockpit but the governing FIA could have enforced the rule in a less confrontational way, according to Grand Prix Drivers’ Association (GPDA) chairman Alex Wurz. Seven-time world champion Lewis Hamilton and the FIA were in a standoff at this month’s Miami Grand Prix
WASHINGTON — U.S. traffic deaths jumped 10.5 percent in 2021 to 42,915 — the highest number killed on American roads in a single-year since 2005, U.S. regulators said Tuesday in its preliminary estimate. The yearly increase is the highest reported since the National Highway Traffic Safety Administration began using its current traffic fatality tracking system
Investigators look over the scene of a crash between an SUV and a semi-truck full of gravel near Holtville, California on March 2, 2021. Patrick T. Fallon | AFP | Getty Images More people died on U.S. roadways last year than any year since 2005, according to new data released Tuesday by federal vehicle safety
7:54 PM ET Associated Press INDIANAPOLIS — As Colton Herta set up his winning pass Saturday, all he could see were red flashing lights. He still charged forward. The 22-year-old California driver quickly darted to the inside of Pato O’Ward on a late restart, took the lead for good with nine laps to go and
Dealership marketing company AutoWeb says its board will explore strategic alternatives for the company, including a potential sale or restructuring, as “substantial doubt” exists about its ability to continue as a going concern. The Tampa, Fla.-based company said Monday that a special board committee will evaluate strategic alternatives, including obtaining new debt or equity funding;
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within
8:06 AM ET Azerbaijan wants its Formula One Grand Prix in Baku to be one of six proposed Sprint weekends next season, promoter Arif Rahimov said on Monday. Speaking to reporters on a Zoom call, Rahimov said the subject was on his agenda for discussion with Formula One around this year’s June 12 race. “I
The Center for Automotive Diversity, Equity & Inclusion will host its fifth annual DE&I summit, Rev Up 2030, on Tuesday, May 24, at the Michigan State University Management Education Center in Troy, Mich. The event will feature industry experts, panel discussions and case studies around the theme “Diversity, Equity and Inclusion: Staying the Course.” Telva
In this article RIVN Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is suing a key supplier in a legal battle that could delay
7:49 PM ET Associated Press DINWIDDIE, Va. — Brittany Force won the Top Fuel class in the Virginia NHRA Nationals on Sunday and John Force Racing teammate Robert Hight took the Funny Car crown at Virginia Motorsports Park. Force beat four-time defending season champion Steve Torrence with a 3.770-second pass at 334.07 mph for her
The race to churn out compelling electric vehicles that will transform the auto industry over the next decade clearly has a leader. First-quarter numbers show another Tesla blowout as luxury buyers flock to its high-tech vibe. But pricey Teslas with their questionable build quality and contentious CEO, Elon Musk, aren’t for everybody. The battle among