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WASHINGTON — Tesla Inc. and Rivian Automotive Inc. have endorsed an agreement backed by major automakers and independent repair shops on automotive right to repair that would include necessary telematics data. In separate letters sent to executives at the Alliance for Automotive Innovation, Automotive Service Association and Society of Collision Repair Specialists, the two EV

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – General Motors’ Ultium Cells has agreed to increase worker pay at its battery

Automotive tool-and-die companies, many of which have struggled financially in the past three years, should soon be in a stronger position as automakers launch more than 130 new electric or hybrid models as well as redesigns for internal combustion mainstays, according to a new study. Automakers plan to significantly increase spending on tooling in North

In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Despite a waiting list of three years for some of its cars, Ferrari’s CEO said the company has no plans to supercharge production to meet demand. “We are a brand that is not looking for volume,” Ferrari CEO Benedetto Vigna told CNBC in an exclusive

ESPN News Services Aug 23, 2023, 10:58 AM ET Former Indianapolis 500 winner Marcus Ericsson is leaving Chip Ganassi Racing to join Andretti Autosport in 2024, the team announced Wednesday. Ericsson, who won four races over four seasons with CGR, including the 2022 Indy 500, will join an Andretti lineup with returning drivers Colton Herta

General Motors is eliminating more than 900 salaried jobs by closing an information technology facility in Arizona this fall. The IT Innovation Center in Chandler, which opened in 2014, will shut down in October, company spokesperson Kevin Kelly said Wednesday. It’s one of four such operations the automaker operates around the country. Most of the

A 2024 Chevrolet Silverado EV RST all-electric pickup truck on display at the International Auto Show at the Jacob Javits Convention Center in New York on April 13, 2022. China News Service | China News Service | Getty Images Car shoppers are paying more than ever to finance new vehicles — and pickup trucks are

A theft of tooling from a supplier in Mexico has forced Nissan Motor Co. to delay the U.S. launch of the next-generation Kicks, people briefed on the matter told Automotive News. Production of the subcompact crossover in Aguascalientes, Mexico, now will start next June, with U.S. deliveries following shortly, one of the people said. This

Malaysia has set its sights on a larger part of the electric vehicle supply chain business as competition in Southeast Asia heats up, following Tesla‘s announcement of a regional headquarters in Malaysia. “EV happens to be our priority,” Malaysia’s Prime Minister Anwar Ibrahim told CNBC’s Martin Soong in an exclusive interview Friday at the prime minister’s offices

Ryan McGee, ESPN Senior WriterAug 22, 2023, 09:37 AM 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

Kia America‘s Rio subcompact car will not return for the 2024 model year, the company confirmed. It follows the demise of its small Hyundai counterpart, the Accent, discontinued after the 2022 model year. Though Kia said it will remain in the sedan business, Americans are leaning toward larger, higher-riding crossovers. Light trucks, a category that

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Pallets of depleted lithium-ion batteries at JB Straubel’s Redwood Materials are ready for recycling. Source: CNBC Redwood Materials, the battery-recycling startup founded by Tesla board member JB Straubel, recently nabbed Tesla’s vice president of powertrain engineering, Colin Campbell, to serve as chief technology officer. Based

STOCKHOLM/LONDON — Swedish lithium-ion battery producer Northvolt has raised $1.2 billion from investors including BlackRock and several Canadian pension plans as it prepares to build new factories in Europe and North America, its finance chief told Reuters. The fresh funding, through a convertible note, comes as investor demand for companies set to benefit from the

Fast-growing Anderson Automotive Group completed its second multi-dealership acquisition in South Carolina this year with a seven-store purchase Monday. Anderson Automotive, of Raleigh, N.C., bought Toyota of Greer, Hyundai of Greer, Genesis of Greer, Nissan of Greer, Kia of Greer, Kia of Greenville and Mike Hovart Chevrolet in Easley, from Mark Escude, president of MCE

A 1962 Ferrari 250 GT SWB Coupe sold at auction at the 2023 Monterey Car Week. Credit: Gooding & Company A $30 million Ferrari led the parade of trophy cars sold during Monterey Car Week last week, although the classic-car market showed further signs of slowing. Total sales for the more than 1,200 cars sold

Tesla Inc.’s May data breach impacted more than 75,000 people, included employee-related records and was a result of “insider wrongdoing,” according to a notice posted by the office of the Maine Attorney General Friday. A total of 75,735 people were affected by the data breach, including nine residents of Maine. The people appear to be

In this article 9868-HK Follow your favorite stocksCREATE FREE ACCOUNT A XPeng Inc. G6 electric sport utility vehicle (SUV). Qilai Shen | Bloomberg | Getty Images Xpeng expects cost cuts and its Volkswagen partnership to narrow the firm’s losses, the Chinese EV maker told CNBC in an exclusive interview on Monday. On Friday, the firm

Associated Press Aug 20, 2023, 06:39 PM ET William Byron had the field covered at Watkins Glen International, delivering such a dominant performance that no other NASCAR driver even got to his bumper in the final third of the race. It was unusual for the Cup Series and even more rare for Byron at a