7:00 AM ET NASCAR president Steve Phelps (in suitcoat) presented Kyle Larson with the championship trophy in 2021, a year after he suspended the driver for a racial slur. Chris Graythen/Getty Images DAYTONA BEACH, Fla. — NASCAR President Steve Phelps is sitting in his office overlooking Daytona International Speedway. You can see and hear race cars
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In this article GM TSLA General Motors had to temporarily drop heated seats as an option on vehicles in response to the chip shortage. But the largest U.S. automaker is not alone. The move is another sign of how automakers are having to respond to a crisis that has been cratering dealer inventory, spiking prices
The billionaire Agnelli family’s companies agreed to pay 949 million euros ($1.08 billion) to settle an investigation by the Italian Tax Agency. Exor SpA, which controls Ferrari and is Stellantis‘ biggest shareholder, agreed to pay 746 million euros for so-called exit tax claims relating to its 2016 merger with its Dutch subsidiary, Exor Holding NV,
10:22 PM ET Associated Press POMONA, Calif. — Brittany Force took the No. 1 spot in Top Fuel qualifying Saturday in the NHRA Camping World Drag Racing Series’ season-opening Lucas Oil NHRA Winternationals. Force had a 3.661-second run at 333.91 mph in the final qualifying session, giving her 33 career No. 1 qualifiers. She drove
In this article F GM Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayland / CNBC Shares of Ford Motor jumped by more than 5% during trading Friday morning following a report that CEO
TOKYO — EV latecomer Toyota hasn’t even launched its first serious electric vehicle yet. But the company is already preparing a full fleet of all-electric cars for the day its EVs go mainstream. That time is not so far away. By the end of the decade, Toyota plans a wide EV lineup encompassing pickups, sports
7:00 AM ET DAYTONA BEACH, Fla. — Here at Daytona, the sun is shining, the seagulls are gulling, and the hotels are price gouging. All that means it must time for 64th edition of the “Great American Race,” the Daytona 500, the “Super Bowl of Stock Car Racing,” run at the “World Center of Racing”
In this article GM TSLA A Tesla dealership in Colma, California, on Wednesday, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images For consumers who have found that costlier insurance is just one of the expenses that make electric cars trickier to love, this is the year when relief may be coming. Tesla
The U.S. Securities and Exchange Commission denied it’s targeting Tesla Inc. CEO Elon Musk with endless probes, as he claimed in a letter to a judge earlier this week. The SEC reached settlements with Musk and Tesla in September 2018 after suing Musk over his infamous “funding secured” tweets in which he claimed to have
10:26 PM ET Associated Press POMONA, Calif. — Robert Hight topped Funny Car qualifying Friday night in the NHRA Camping World Drag Racing Series’ season-opening Lucas Oil NHRA Winternationals. Hight, a three-time season champion, had a 3.882-second run at 330.89 mph in a Chevrolet Camaro SS. If it holds up Saturday, it would give Hight
In this article TSLA Elon Musk, chief executive officer of Tesla Inc., speaks to members of the media while departing from federal court in New York, U.S., on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images The Securities and Exchange Commission submitted a letter to a federal judge on Friday responding to
Startup Electric Last Mile Solutions Inc.’s troubles are continuing after its independent registered public accounting firm resigned amid a controversy that sent the company’s stock value plummeting this month. Chicago-based BDO LLP resigned from the audit of the Troy-based electric vehicle maker’s finances, which drew public scrutiny this month when a probe found senior executives
8:28 AM ET Lewis Hamilton said he “lost a little bit of faith” in the fair policing of Formula One after missing out on last year’s title in controversial circumstances at the Abu Dhabi Grand Prix. Hamilton was beaten to the 2021 title by Max Verstappen in Abu Dhabi after race director Michael Masi bent
GM is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or coffee through their vehicle. GM DETROIT – General Motors is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or Starbucks coffee through
Tesla Inc.’s ability to quickly issue safety patches via remote software updates is an approach other automakers eye enviously, but that also carries risk as cars become more like rolling computers. Investors have awarded Tesla’s leadership on in-car software with a $905 billion market value, dwarfing other automakers, many of which are now scrambling to
10:33 AM ET DAYTONA BEACH, Fla. — As Daytona Speedweeks (OK, it’s actually Speedweek now) have reached full speed leading into Thursday night’s dual 150-mile qualifying races, everyone in the Cup Series garage seems to agree that NASCAR’s newly christened rides, the so-called Next Gen machines, were needed. OK, they agree for the most part.
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images Ford’s Mustang Mach-E, the automaker’s bold bet to lead its transformation into selling more electric vehicles, replaced the Tesla Model 3 as Consumer Reports’ “Top Pick” for an
A huge auto transport ship that regularly delivers Porsches, Audis, Bentleys, Volkswagens from Europe to the U.S. is on fire and adrift in the Atlantic. According to an internal Volkswagen Group email obtained by Bloomberg, 3,965 U.S.-bound vehicles are aboard. About 1,100 Porches and 189 new Bentleys, several U.S.-based spokespeople for group brands confirmed to