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In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Cruise vehicle in San Francisco on Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images General Motors’ Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to CNBC. The layoffs, which

Open Extended Reactions Former Ferrari boss and FIA president Jean Todt said the result of the controversial 2008 Singapore Grand Prix should have been scratched out as soon as wrongdoing first emerged. That 2008 race became known as ‘Crashgate’ when, a year later, it emerged Renault had instructed Nelson Piquet Jr to crash, which helped

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT — General Motors plans to lay off about 1,300 workers in

Open Extended Reactions Former FIA president Jean Todt has said he’s not surprised to have been criticised by his successor, Mohammed Ben Sulayem, and has disputed some of the claims made by the current FIA president. Earlier this year, Ben Sulyaem claimed there were budget issues for the FIA, saying: “There was a financial issue

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT This Cruise in San Francisco seemingly could not figure out how to pull aside on a narrow street to let a buss pass. Matt Rosoff, CNBC General Motors’ Cruise autonomous vehicle unit has dismissed nine “key leaders” amid ongoing safety investigations sparked by an October

Dec 13, 2023, 06:26 AM ET Open Extended Reactions Davide Brivio joined Alpine in 2021. Photo by Rudy Carezzevoli – Formula 1/Formula Motorsport Limited via Getty Images The Renault-owned Alpine Formula One team announced the departure of former racing director Davide Brivio on Tuesday, amid speculation the Italian was heading back to MotoGP. Brivio joined Alpine

Ford Motor ‘s decision to cut production of its electric pick-up allows the automaker to refocus its strategy around its highly profitable hybrid vehicles, which in turn should boost its underperforming stock. Ford said Monday it’s cutting in half planned production of its all-electric F-150 Lightning pick-up truck next year due to moderating consumer demand.

Associated Press Dec 12, 2023, 09:16 AM ET Open Extended Reactions INDIANAPOLIS — Chip Ganassi Racing on Tuesday said DHL Express will be the primary sponsor for two-time IndyCar champion Alex Palou in a multiyear partnership that ends DHL’s long partnership with Andretti Global. DHL, a global shipping and logistics giant, had been a main

In this article 7267.T-JP HYUO-GB VOW3-DE Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT — The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a

HAIAN, CHINA – NOVEMBER 7, 2023 – A crab farmer sells crabs via a live webcast at Xinhai village in Haian city, Jiangsu province, China, Nov 7, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Livestream shopping is taking off in China, driving development of new tech products

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained

Prices of used electric vehicles are down roughly 30% year over year, according to market research studies using data from September and October. The cheaper prices might bode well for buyers, but they raise concerns that low resale values could hurt EV adoption among mainstream consumers. The falling prices also add fuel to a debate

Laurence Edmondson, F1 EditorDec 8, 2023, 05:08 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 Open Extended Reactions Entirely subjective, often controversial and always tough to pick, ESPN’s end-of-season top ten ranking is back to mark the end of another year in F1. This list should not be read as

In this article RIO RIO-GB RIO-AU BHP-AU MNGG Follow your favorite stocksCREATE FREE ACCOUNT The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots

Dec 8, 2023, 05:39 AM ET Open Extended Reactions Formula One’s governing body shelved a probe of F1 power couple Toto and Susie Wolff on Thursday, saying it was satisfied with existing compliance measures and was not investigating any individual. The FIA caused a stir on Tuesday when it announced it was looking into media

In this article F 7203.T-JP GM STLA Follow your favorite stocksCREATE FREE ACCOUNT 2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability

Open Extended Reactions F1 Academy boss Susie Wolff has demanded to know who “misled the media” and prompted a brief investigation into the integrity of her and husband Mercedes principal Toto Wolff. On Tuesday, the governing FIA announced it had opened an ethics investigation into a potential conflict of interest between Wolff and her husband.