News

The bidding war for U.S. Steel could have big implications for a burgeoning domestic market for electrical steel — an ultrathin material vital for the auto industry as it makes more electric vehicles. Electrical steel is a relatively niche segment, accounting for only about 1 percent of global steel production, but it is growing rapidly.

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla

Associated Press Aug 31, 2023, 11:39 AM ET Linus Lundqvist at last got his full-time IndyCar ride when Chip Ganassi Racing on Thursday announced it had signed the Swedish driver to a multiyear contract. The 24-year-old Lundqvist won the Indy Lights championship in 2022 — a title that came with a scholarship intended for the

Ford Motor Co. on Thursday said its hourly plant workers could earn $98,000 in wages, overtime and bonuses over the next year under a contract it has offered the UAW. Ford said the proposed contract would increase benefits and raise workers’ pay at least 15 percent, including lump-sum payouts. Workers covered by the deal would

In this article F STLA STLAM-IT GM Follow your favorite stocksCREATE FREE ACCOUNT UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023 Michael Wayland / CNBC DETROIT — United Auto Workers has filed unfair labor practice charges against automakers General Motors and Stellantis to the National

Alanis King, Racing columnistAug 31, 2023, 09:28 AM ET After years of driving the No. 18 Joe Gibbs Toyota Camry, Kyle Busch took over the No. 8 Richard Childress Racing Chevrolet Camaro in 2023. Jared C. Tilton/Getty Images In November, Kyle Busch reached a milestone he didn’t expect to hit until his NASCAR Cup Series retirement:

What automakers are learning about electric vehicles, veterans of Weight Watchers already know: It’s hard to keep the pounds off once you’ve lost them. EVs are posting eye-popping curb weights, wiping out the lightweighting progress automakers have made in the past decade. The heavy batteries required to provide hundreds of miles of range are the

Korean carmaker Kia is something of a Cinderella story. When the automaker arrived in the U.S. in 1994, its cars were poorly reviewed, and it was seen mostly as a low-cost value brand.  Now, Kia is winning awards and commanding higher markups than its peers. U.S. sales have gone from about 12,000 units in 1994

Ryan McGee, ESPN Senior WriterAug 30, 2023, 02:20 PM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year To celebrate NASCAR’s 75th anniversary, we’re detailing our 75 favorite things about the pinnacle of stock car racing. Illustration by ESPN We are closing in on

Kumar Galhotra, president of Ford Blue, will be a keynote speaker at the Automotive News Congress in Detroit on Sept. 12. Galhotra, who leads Ford Motor Co.‘s gasoline-powered vehicle business, will join a keynote lineup of General Motors President Mark Reuss and Hyundai Motor Co. President Jose Muñoz. The event’s theme is “Investing in Innovation,”

In this article GM GOOGL Follow your favorite stocksCREATE FREE ACCOUNT The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors is working with Google to explore opportunities to implement AI technologies across the automaker’s business, the companies

Electric vehicle charging network companies know that this is crunch time. Low utilization rates and high operating costs are hamstringing profits. Money is tight. Charging satisfaction is at an all-time low. And after waiting years for networks to get it together, automakers are joining with Tesla Inc. in an unexpected alliance. Two of the largest

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023.  Alain Jocard | Afp | Getty

A federal judge has denied Hyundai and Kia’s $200 million settlement agreement in a multidistrict class action against the automakers following a car theft frenzy that targeted certain model years, ruling that the amount is not enough for some owners. The settlement had offered different awards based on the severity of financial loss, and it

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials, the battery and e-waste recycling startup founded by former Tesla CTO JB Straubel, announced Tuesday that it has closed a $1 billion funding round to expand operations in the U.S. The company

Mitsubishi Motors North America had sufficient grounds to terminate a New York City dealership that had paid more than $500,000 in civil fines and $304,902 in restitution after pleading guilty to committing “at least 7,939” consumer protection violations in the sale of used vehicles, a federal court has ruled. U.S. Magistrate Judge James Wicks refused

In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago

Porsche will dial up the Cayenne lineup’s performance with its most powerful variant yet. The 2024 Cayenne Turbo E-Hybrid, available in crossover and coupe body styles, will arrive in the second quarter. The crossover will start at $148,550, while the coupe version starts at $153,050. Both prices include shipping. The midsize Cayenne is Porsche’s second-best