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Workers assemble a Wuling Hongguang Mini EV, an all-electric microcar manufactured by SAIC-GM-Wuling, at a plant of the joint automaker in Qingdao in east Chinas Shandong province Tuesday, Nov. 30, 2021. Future Publishing | Future Publishing | Getty Images BEIJING — China spent $230.8 billion over more than a decade to develop its electric car

Jun 20, 2024, 12:41 PM ET Open Extended Reactions Daniel Ricciardo wants to earn his seat in Formula One with Red Bull-owned RB next season and has said his eighth place in Canada had helped. The Italy-based team have already confirmed Japan’s Yuki Tsunoda for 2025 but have yet to say who will take the

Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris Weber Courtesy: Kinetic Automation While electric vehicle demand is still increasing in the U.S., the sales growth rate for cars that pollute less has cooled down in 2024 due partly to the high cost of insurance and repairs for tech-laden new models. A 2024 study

Jun 19, 2024, 12:16 PM ET Open Extended Reactions Canada’s thrilling race livened up the 2024 season, and Formula One heads to Circuit de Barcelona-Catalunya for race 10. Spain marks the start of the triple header, and a return to Europe with Austria and the British Grand Prix to follow. Formula One first came to

In this article UBER NVDA Follow your favorite stocksCREATE FREE ACCOUNT Raquel Urtasun, Founder and CEO of Waabi. Courtesy: Waabi Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Waabi’s latest funding round also includes Nvidia, a new investor

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for

Associated Press Jun 18, 2024, 03:21 PM ET Open Extended Reactions Arrow McLaren made yet another driver change Tuesday when it signed 19-year-old Nolan Siegel to drive the remainder of the IndyCar season. He will be the third driver to race the No. 6 this year. Siegel will replace F2 champion Théo Pourchaire beginning this

In this article STLA GM F Follow your favorite stocksCREATE FREE ACCOUNT Employees on the assembly line produce cars in Mazda’s “Family” line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China. China Photos | Getty Images DETROIT – The traditional Detroit automakers

Jun 18, 2024, 02:35 AM ET Open Extended Reactions Brad Pitt is set to star as an F1 driver making a comeback. Lisa O’Connor/Variety via Getty Images Brad Pitt’s as-yet unnamed Formula One movie will be released globally on June 25 next year, with a North American debut two days later, F1 and Apple Original Films

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Tesla’s annual meeting on Thursday in Austin, Texas, will feature a final vote on a contentious proposal

Laurence Edmondson, F1 EditorJun 17, 2024, 11:26 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Open Extended Reactions Writing Formula One‘s rule book is a thankless task. On the one hand, you have the objectives of 10 warring teams, six image-conscious engine manufacturers and tens of millions of fans; and

Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry insiders say prices may still remain high for quite some time. As of May, customers were paying, on average, $760 a month for an auto loan, according to Moody’s Analytics.

In this article F Follow your favorite stocksCREATE FREE ACCOUNT An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1 million to

Jun 16, 2024, 12:02 PM ET Open Extended Reactions Ferrari won the 24 Hours of Le Mans for the second year in a row on Sunday after a battle with Toyota to the finish of the 92nd edition of the endurance race. Almost out of fuel and on a wet track, Denmark’s Nicklas Nielsen took

In this article F GM TSLA Follow your favorite stocksCREATE FREE ACCOUNT A used 2020 Tesla Model 3 is available for sale on a CarMax lot on March 10, 2022 in Burbank, California.  Mario Tama | Getty Images News | Getty Images Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT  Jeep Wagoneer S Trailhawk EV concept Michael Wayland / CNBC AUBURN HILLS, Mich. – Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years, as the automaker attempts to leverage the quintessential American SUV brand for increased profits. The

The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles annually — enough to supply half the world. Only about 25 million cars sold in the country in

Laurence Edmondson, F1 EditorJun 9, 2024, 09:58 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Open Extended Reactions MONTREAL — If Max Verstappen secures his fourth Formula One world championship with multiple races remaining at the end of this year, it might be easy to forget just how hard he