General Motors on Tuesday inked a deal with Glencore to secure cobalt from the global miner’s Murrin Murrin operation in Australia, as it boosts electric vehicle production to meet rising demand. The cobalt will be used in GM’s Ultium battery cathodes, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles, the
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12:41 PM ET Associated Press PARIS (AP) — A Russian go-karter who made what appeared to be a Nazi salute on a race podium is under investigation, the FIA motorsports governing body said Monday. Artem Severiukhin was filmed extending his raised right arm then laughing as he stood on the podium after winning a European
Ford Motor Co. said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal. The deal is a major bet by Ford on direct lithium extraction, or DLE, a
Lithium-ion batteries are vital to a lower-carbon future. But they require a lot of energy to produce, especially when it comes to mining and refining the metals. The worldwide lithium battery market is expected to grow up to tenfold in the next decade, according to a recent report by the U.S. Department of Energy, showing
8:51 AM ET Reigning world champion Max Verstappen has likened Formula One’s Aston Martin safety car to a turtle, saying it was going too slow during its deployment at the Australian Grand Prix. Formula One has two safety cars which alternate at races, an Aston Martin V8 Vantage and a Mercedes-AMG GT Black Series. The
BERLIN — Volkswagen Group expects the semiconductor shortage to continue longer than expected, the automaker’s finance chief Arno Antlitz said. Supplies of semiconductors will not normalize until 2024, by which time there will still be a structural undersupply, Antlitz said in an interview with Boersen-Zeitung published on Saturday VW Group has been forced to halt
In this article 9866-HK Nio said it has suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories. Long Wei | Visual China Group | Getty Images BEIJING — Chinese electric car company Nio said over the weekend it is raising prices and suspending production as the latest
6:45 PM ET Associated Press AUSTIN, Texas — The Beast is on top in MotoGP, with a win and the lead in the season championship. Enea Bastianini of Italy, nicknamed “La Bestia,” passed Australia’s Jack Miller for the lead with five laps to go and pulled away to win the MotoGP Grand Prix of the
CDK Global Inc. plans to join its privately held competitors in the dealership management system market this year, perhaps giving the company more flexibility to pursue longer-term growth strategies than public shareholders want to tolerate. The decision to take CDK off the Nasdaq exchange by selling to global investment firm Brookfield Business Partners — in
In this article GM Source: Cruise A recent video posted online shows a driverless Cruise car getting pulled over in San Francisco by police who found the autonomous vehicle didn’t have anyone behind the wheel. In the video posted on April 1, the Cruise car initially pulls over to the side of the road and
11:01 AM ET Associated Press LONG BEACH, Calif. — Jimmie Johnson pulled one glove over the carbon-fiber splint built specifically for his broken right hand. A piece of tape around two fingers outside the glove was to prevent him from using his pinkie — the digit closest to the fracture — as he drove his
When the National Automobile Dealers Association revealed last month it was partnering with the National Urban League to promote diversity, equity and inclusion in auto retailing, the public announcement at the NADA Show was the easy part. Now, the association must work with the league and other key stakeholders to fill in the details of
A customer is shown a 2022 Toyota Prius at Longo Toyota in El Monte, CA on Wednesday, March 23, 2022. Medianews Group | Orange County Register via Getty Images People spend a lot of money on their cars and trucks. In fact, about 16% of the average American’s total budget goes to transportation, including vehicle
4:59 PM ET Associated Press LONG BEACH, Calif. — Colton Herta broke the Long Beach track record in Saturday qualifying, and the California native will start from the pole for his home IndyCar race. Herta turned a lap at 1 minute, 05.3095 seconds on the temporary street course set up through downtown Long Beach to
As an automotive finance veteran of nearly 30 years, Sue Wilke opposed the hybrid model of individual dealership employees managing both sales and finance and insurance. “I was a hundred percent against it,” Wilke, finance director and sales manager of Lompoc, Calif.-based RocketTown Honda, told Automotive News. She recalled an encounter with Cindy Merry, finance
In this article TSLA Danny Roman runs a sustainable, outdoor adventure company that gives biking and hiking tours in Southern California. Danny Roman Danny Roman bought a new Tesla Model X and took delivery of the car on Feb. 28, 2020. Three days later, he informed the company he was returning the electric SUV under
9:58 PM ET Associated Press LONG BEACH, Calif. — Jimmie Johnson injured his hand Friday in a crash during practice at the Long Beach Grand Prix. The seven-time NASCAR champion said he needed further evaluation. Johnson did not remove his hands from the steering wheel — standard practice in open wheel racing but not common
Two of the largest automotive seating suppliers are building out new plants in Detroit and looking to joint ventures to capture more business from automakers increasingly conscious of their spending with minority-owned companies. Magna International Inc. formed a joint venture with LAN Manufacturing Group LLC called LN Manufacturing LLC, which plans to open a plant