DETROIT — The UAW in 2021 spent more money on legal fees for fewer officers than it did in 2020, according to an annual financial report filed Thursday with the U.S. Department of Labor. The union disclosed it spent $36,069 on legal fees for President Ray Curry, and $113,016 on legal fees for outgoing Vice
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In this article GM A Chevrolet pickup truck is seen at the Knapp Chevrolet dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images General Motors’ first-quarter U.S. sales fell 20% from a year ago, in line with analysts’ expectations, as ongoing supply-chain issues disrupted its production and kept dealers’ inventories tight.
4:41 PM ET Associated Press FORT WORTH, Texas — Felix Rosenqvist earned a much-needed pole Saturday in qualifying at Texas Motor Speedway, where IndyCar is desperately trying to develop a second passing lane in what could be the final race for the series at the track. Rosenqvist turned two laps at 221.110 mph in his
GMC Hummer EV pickup truck Michael Wayland / CNBC PHOENIX – General Motors has received more than 65,000 reservations for its electric GMC Hummer pickups and SUVs, as the automaker attempts to expedite production of the vehicles to meet demand. The reservations number is higher than the automaker’s initial expectations, according to Duncan Aldred, global
Consumers had the highest satisfaction with lease-end practices by Audi Financial Services and Ford Credit last year, according to J.D. Power. The 2022 J.D. Power U.S. End of Lease Satisfaction Study, which polled 3,075 customers within nine months after their leases ended, ranked Audi No. 1 in the premium segment with a score of 868
9:18 AM ET Audi and Porsche owner Volkswagen is likely to give the green light for the two brands to make their entry into motor racing’s Formula One at a meeting next week, two sources familiar with the matter said on Thursday. “We will hopefully be able to communicate our intention to enter into Formula
New Jeeps are displayed at a car dealership on October 05, 2021 in New York City. Spencer Platt | Getty Images Automakers will likely report sharp sales declines for March and the first quarter, industry analysts say, as an ongoing shortage of new vehicles has left car-shoppers with few – and often expensive – choices.
The growing demand for electric vehicles is upending the automotive supply chain at a time when it was already stressed by the coronavirus pandemic, rising material prices and semiconductor shortages. The industry’s push for new technologies and solutions is enormous, and R&D work is underway around the industry. During 2019 and 2020, the world’s top
11:30 AM ET Formula One cars will race under the lights down the Las Vegas strip in 2023 as part of a new event on the championship calendar, joining Austin and Miami as U.S. host venues. Las Vegas will hosts its event on a Saturday night in November, a rarity in an F1 calendar featuring
SHANGHAI — Tesla Inc. is extending a production halt at its Shanghai factory, an internal notice seen by Reuters showed. The Shanghai factory, located in the Pudong district east of the city’s Huangpu River, suspended production from Monday to Thursday after the city launched a two-stage lockdown to combat a surge in COVID-19 cases. The
Michael Wayland / CNBC PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motorists and pedestrians who passed by had a similar reaction. They pointed, stared and even gasped when they noticed there
11:42 AM ET The all-female W Series will have 10 races on the Formula support schedule this season, two more than originally scheduled, after announcing on Wednesday opening and closing double-headers in Miami in May and Mexico in October. This year will be the series’ third season, with Britain’s Jamie Chadwick chasing her third crown
Xiaodi Hou, Co-founder & CTO, TuSimple, on Centre Stage during day two of Web Summit 2019 at the Altice Arena in Lisbon, Portugal. Vaughn Ridley | Sportsfile | Getty Images Xiaodi Hou co-founded autonomous-driving startup TuSimple a few years ago, but he just took over as CEO and chairman of the board March 3. Why?
President Joe Biden is poised to invoke as soon as this week Cold War powers to encourage domestic production of critical minerals for electric-vehicle and other types of batteries, according to people familiar with the matter. The White House is discussing adding battery materials to the list of items covered by the 1950 Defense Production
5:06 AM ET Former motor sport boss Max Mosley died of a gunshot wound in the bedroom of his London home last May after being told his cancer was terminal, an inquest heard on Tuesday. His family had said at the time that the 81-year-old, who was one of the most influential figures in F1
BERLIN — Mercedes-Benz Group said its German plants are running even though the automaker has been forced to make some shift adjustments at its home plant in Sindelfingen plant due to supply chain disruption caused by Russia’s invasion of Ukraine. Sindelfingen, which builds the automaker’s flagship sedans, the S-Class and EQS, along with the E-Class
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from
10:13 AM ET Mick Schumacher’s crash in last weekend’s Saudi Arabian Grand Prix qualifying could be a $1 million hit for Haas, according to team boss Guenther Steiner. The German driver missed Sunday’s race in Jeddah, despite being unhurt in the impact, with the shattered car needing a complete rebuild. “The chassis in itself doesn’t