NEW YORK — Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc. in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in the company. Soros, a longtime supporter
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In this article GM Chevrolet rebooted and updated the introduction sequence of the HBO show “The Sopranos” for a surprise Super Bowl ad for its new electric Silverado pickup truck. Chevrolet Chevrolet rebooted and updated the introduction sequence of the HBO show “The Sopranos” for a surprise Super Bowl ad for its new electric Silverado
Canadian police cleared protesters and vehicles in Windsor, Ontario, that had blocked a vital trade route along the border with the United States, with some arrests, but the bridge was not yet open to traffic on Sunday. The arrests came after a tense standoff between Canadian police and demonstrators since Friday when a court order
In this article F Vehicles block the route leading from the Ambassador Bridge, linking Detroit and Windsor, as truckers and their supporters continue to protest against the coronavirus disease (COVID-19) vaccine mandates, in Windsor, Ontario, Canada February 8, 2022. Carlos Osorio | Reuters DETROIT – Canadian truck drivers blocking the nation’s busiest border bridge between
A tense standoff between Canadian police and protesters opposing COVID-19 restrictions was set to continue on Sunday, as a court order and threats of arrest have failed to end a blockade of a key Canada-U.S. border crossing. President Joe Biden has asked Prime Minister Justin Trudeau to use federal powers to end the blockade of
In this article GM GM’s 60-second Super Bowl ad stars actor and comedian Mike Myers reclaiming his role as Dr. Evil from the spy comedy trilogy “Austin Powers” that debuted from 1997 to 2002. It also features Dr. Evil’s sidekicks played by Rob Lowe, Seth Green and Mindy Sterling. GM DETROIT – General Motors will
Chrysler parent company Stellantis is recalling almost 20,000 plug-in hybrid Pacific minivans because of fire risk, the latest incident highlighting the potential hazards involved with the industry’s move toward EVs. An internal investigation found 12 incidents of fires in vehicles from the 2017 and 2018 model years, the automaker said Friday in a statement. All
3:42 PM ET WOKING, England — McLaren’s Daniel Ricciardo said F1 race director Michael Masi needs support in his role to avoid a repeat of the farcical finish to the Abu Dhabi Grand Prix. Masi’s future in the job is currently in question after he botched the finish of the title decider between Max Verstappen
In this article TSLA A worker wearing a face covering exits a Tesla Inc. vehicle at the company’s assembly plant in Fremont, California, U.S., on Thursday, Aug. 13, 2020. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris | Bloomberg | Getty Images A California civil rights agency sued Tesla this week, alleging racist harassment
Ken Mauldin, fixed ops director at Purdy Auto Group, is a data miner. He’s constantly scanning reports from the service and parts departments of his group’s three Texas Toyota stores. He looks for the missed opportunities that sometimes show up in rows of numbers. “I get reports emailed to me every night, pretty much everything
4:02 PM ET WOKING, U.K — Daniel Ricciardo probably had the best view of anyone in the world of Max Verstappen’s title-winning pass — and the defensive moves which followed — on Lewis Hamilton at last year’s Abu Dhabi Grand Prix. Ricciardo was sat in the next car back. Controversially, in fact. Ricciardo’s very presence
In this article ABI-BE PLNT PEP GM Big brands that have in some cases sat out for years the TV advertising frenzy around the biggest US sporting event — the Super Bowl — are returning Sunday and spending big amid record ad prices. It’s been a bumpy couple years marked by pandemic-era restraint and political
The Ontario Superior Court granted an injunction on Friday that could end the five-day blockade of the Ambassador Bridge in Windsor, Ontario, as assembly plants in Ontario and Michigan continue to curtail production due to parts shortages. The motion for injunction, filed by the Automotive Parts Manufacturers’ Association, with the City of Windsor and the
2:33 PM ET WOKING, United Kingdom — McLaren has launched its new car for the upcoming Formula One season. The team’s drivers, Daniel Ricciardo and Lando Norris, took the covers off the McLaren MCL36 at a launch event at the team’s factory on Friday evening. The new McLaren, which has been built to F1’s overhauled
In this article F Vehicles clog downtown streets as truckers and supporters continue to protest coronavirus disease (COVID-19) vaccine mandates, in Ottawa, Ontario, Canada, February 10, 2022. Blair Gable | Reuters DETROIT – Canadian officials are preparing to move against a group of truck drivers who have blocked the nation’s busiest border bridge between the
Mercedes-Benz Group said its preliminary 2021 earnings beat guidance after rising vehicle prices helped the luxury automaker claw its way back from an autumn low point in the global chip crisis. The company said Friday that adjusted returns on sales at its cars and vans segment were 12.7 percent, exceeding guidance of 10 to 12
9:46 AM ET Sebastian Vettel was surprised to hear Formula One has removed the pre-race ceremony which allowed drivers to take a knee before races, saying the gesture “was getting a bit too strong for the business side of things”. F1 launched the ‘We Race As One’ initiative in 2020 in solidarity with the anti-racism
In this article GPI Demand for used cars remains strong even though the price of preowned vehicles has soared throughout the Covid pandemic, Group 1 Automotive CEO Earl Hesterberg told CNBC on Thursday. Hesterberg said on “The Exchange” that Group 1 has largely been able to raise sticker prices to offset higher acquisition costs because