Early last year, a sales employee at Delray Buick-GMC in Florida submitted a two-week notice of resignation. Another staffer signaled he was thinking about doing the same. After the dealership had forged some success hiring a younger generation of sales employees new to the industry, the news of the likely departures triggered a rethink by
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10:15 PM ET Associated Press BAYTOWN, Texas — Brittany Force had the fastest pass in Houston Raceway Park history Friday to take the lead in Top Fuel qualifying at the final NHRA SpringNationals. Force broke her own speed record at the track with a 3.695-second run at 333.58 mph. The track that hosted its first
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive.
The Texas attorney general’s office is suing Vroom, an online used-vehicle retailer, for allegedly misrepresenting and failing to tell customers about holdups in transferring vehicle titles and obtaining registrations. The deceptive trade practices lawsuit, filed this week by Texas Attorney General Ken Paxton, claims Vroom “burdened thousands of customers” by not making them aware of
8:05 AM ET Ferrari’s Formula One championship leader Charles Leclerc said he was fully focused on his Italian team’s Imola homecoming this weekend despite being robbed of a watch potentially worth millions. The 24-year-old Monegasque, winner of two of the first three races, had his exclusive Richard Mille timepiece stolen off his wrist in the
In this article TSLA Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Electric vehicle maker Tesla is set to deliver a first quarter earnings update after the bell on Wednesday. Here’s what Wall Street
Lexus plans a larger three-row crossover above the top-selling RX that will give it a competitor against vehicles including the Mercedes-Benz GLS and BMW X7. The Lexus TX will be based on the coming Toyota Grand Highlander and feature more comfortable third-row seating than does the RX L, the brand’s current three-row crossover, sources confirmed
5:22 PM ET Associated Press INDIANAPOLIS — IndyCar drivers waited out a four-hour rain delay and worked through their concerns over a slippery warm-up lane Thursday. It didn’t take long for the 31 drivers to start turning laps topping 225 mph. Thirty-one of the 32 drivers entered in next month’s Indianapolis 500 participated in the
TOKYO — Honda Motor Co. is planning to cut production by about 50 percent on two lines at one of its Japan factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday. The factory in Suzuka will also slash production by half during April, expanding the scale of the cutback
In this article TSLA Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters On Tesla’s first-quarter earnings call Wednesday, CEO Elon Musk said he thinks that inflation is worse than reported and is likely to last all year in 2022. U.S. inflation rose
5:35 PM ET Associated Press INDIANAPOLIS — Jimmie Johnson looked every bit like a four-time race winner on Indianapolis Motor Speedway’s historic oval Wednesday. Only this time, his blue No. 48 was an Indy car turning laps in excess of 215 mph. The seven-time NASCAR champion climbed as high as No. 3 on the daily
HAWTHORNE, CA – DECEMBER 18: Elon Musk, co-founder and Chief Executive Officer of Tesla Inc., speaks at an unveiling event for The Boring Company Hawthorne test tunnel December 18, 2018 in Hawthorne, California. On Tuesday night, The Boring Company will officially open the Hawthorne tunnel, a preview of Musk’s larger vision to ease traffic in
Auto retail giant AutoNation Inc.‘s first-quarter net income surged on higher used-vehicle sales and revenue, jumps in parts and service revenues and gross profits per new-vehicle that more than doubled, all of which was more than enough to offset a 19 percent drop in new-vehicle sales volume and lower revenue. The nation’s largest new-vehicle retailer
7:29 PM ET Associated Press INDIANAPOLIS — Three Indianapolis 500 winners spun while coming out of the pits Wednesday at Indianapolis Motor Speedway and four-time race champion Helio Castroneves hit the second turn wall with about 80 minutes left in an unusually chaotic testing session. Castroneves was taken to the track’s infield medical center where
Lincoln Star concept electric vehicle Lincoln DETROIT – Ford Motor plans to introduce four new electric vehicles into its Lincoln lineup by 2026, as the once-dominant American luxury brand reinvents itself to focus on EVs. The new vehicles were announced Wednesday night alongside the unveiling of a new concept EV called the Lincoln Star. The
LOS ANGELES — Lincoln Motor Co., trailing luxury rivals in the transition to battery power, on Wednesday introduced a concept that previews how the brand hopes to differentiate itself in the electric vehicle era. The Lincoln Star concept, unveiled at an event here celebrating the brand’s 100th anniversary as part of Ford Motor Co., showcases
7:20 AM ET Carlos Sainz and Ferrari are close to confirming a two-year contract extension, according to a report in Spanish publication AS. Sainz is in the second year of his current Ferrari contract and has looked likely to stay beyond 2022 for a while, with the team showing little interest in shopping around for
McLaren Automotive is considering hiring Michael Leiters, the former head of technology at Ferrari, as its next CEO, according to people familiar with the matter. Leiters stepped down from Ferrari in December as part of a leadership reorganization under new CEO Benedetto Vigna, and is one of the main candidates being evaluated for the top job