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ArcelorMittal, the world’s second-largest steelmaker and a major supplier to the auto industry, is considering a potential offer for U.S. Steel Corp., three people familiar with the matter told Reuters on Wednesday. ArcelorMittal is discussing a possible offer with its investment bankers, and there is no certainty that it will press ahead with it, the

In this article TSLA XPEV NIO LI Follow your favorite stocksCREATE FREE ACCOUNT Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. Florence Lo | Reuters Tesla on Wednesday slashed the price of the existing

The Insurance Institute for Highway Safety said three models performed poorly in a new rear-seat safety test of seven 2023 midsize vehicles. The 2023 Kia K5, 2023 Volkswagen Jetta and 2023 Hyundai Sonata all received a “poor” rating in the new moderate overlap front crash test, the IIHS announced Wednesday. In the test, the IIHS

BANGKOK, THAILAND – 2023/05/18: VinFast displays its vehicles at Future Energy Asia Exhibition 2023 at Queen Sirikit National Convention Center. Nathalie Jamois | Lightrocket | Getty Images VinFast‘s shares jumped some 270% after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers such as Ford, GM, BMW and

Associated Press Aug 15, 2023, 04:10 PM ET Rahal Letterman Lanigan Racing parted with driver Jack Harvey on Tuesday and will put Conor Daly in its No. 30 car when the IndyCar Series resumes its season Aug. 27 at World Wide Technology Raceway near St. Louis. The team has not announced a driver for the

Expanding Midwest auto retailer Zeigler Auto Group bolstered its Indiana presence and Subaru store count with its latest acquisition. Zeigler Auto on Monday bought Bob Rohrman Subaru in Lafayette, Ind., and Bob Rohrman Subaru of Fort Wayne from Rohrman Automotive Group. The dealerships were renamed Zeigler Subaru of Lafayette and Zeigler Subaru of Fort Wayne.

Jim Cramer is cautious about Ford (F) due to the heightened risk of a United Auto Workers strike, which has been a recent overhang on the Club stock. But, Jim is encouraged by the automaker’s electric vehicle efforts and its embrace of other emerging technologies. UAW strike concerns Ford shares had seen a nice rally

Ford Motor Co. on Monday said it hired Peter Stern, a former Apple executive in charge of launching services such as Apple TV+, to lead a newly created group focused on developing software-based services across Ford’s gasoline and electric vehicle business units. Stern was named president of Ford Integrated Services, effective Monday, and will report

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT TESLA logo on a charging station at on May 26, 2023 in Merklingen, Germany.  Harry Langer/ | Defodi Images | Getty Images Tesla rolled out cheaper versions of its Model S and Model X vehicles in the U.S. as competition in the electric vehicle space

The Miami Grand Prix will remain a day-time race in 2024, but the event is still open to the prospect of becoming an F1 night event in future. Miami, which hosted the second race of its 10-year race deal at the Hard Rock Stadium in May, is the second of three U.S. races on this

WASHINGTON — President Joe Biden on Monday called for “all sides to work together to forge a fair agreement” as the UAW continued contract talks with the Detroit 3 automakers. “I’m asking all sides to work together to forge a fair agreement,” Biden said in a statement as talks continue between the UAW and Ford Motor

In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT Speaking in front of a backdrop of American-made vehicles and a UAW sign, President Joe Biden, then a presidential candidate, speaks about new proposals to protect U.S. jobs during a campaign stop in Warren, Michigan, Sept. 9, 2020. Leah Millis | Reuters DETROIT

Nikola Corp. said on Friday it was recalling all the battery-powered electric trucks that it has delivered to date and is suspending sales after an investigation into recent fires found a coolant leak inside a battery pack as the cause. There are a total of 209 battery-powered electric trucks in the marketplace between dealers and

NEW YORK — Cadillac‘s electric Escalade was barely a day old, but Will Churchill already had more than 30 emails from clients and friends wanting to buy one. Since General Motors‘ luxury brand unveiled the 2025 Escalade IQ last week at an event here, it has generated some of the biggest response the Texas dealer

Associated Press Aug 11, 2023, 02:03 PM ET INDIANAPOLIS — Helio Castroneves will continue chasing a record-breaking fifth Indianapolis 500 victory with a new perspective — winning one for his team. Meyer Shank Racing announced Friday that the popular 48-year-old Brazilian will become a minority co-owner with the Ohio-based organization. He also will be the

Ford Motor Co. CEO Jim Farley may have invented a new summer treat: the frunksicle. During a road trip through the American West in an F-150 Lightning last week, Farley visited Jim Burke Ford, which was throwing a carnival for the Boys & Girls Club in Bakersfield, Calif. He tweeted photos and video of himself

Associated Press Aug 12, 2023, 05:16 PM ET INDIANAPOLIS — The Iceman became the Ironman of IndyCar on Saturday. Capped it off with a win, too. Scott Dixon overcame a first-lap spin and then held off hard-charging Graham Rahal over the final 10 laps to win Saturday’s Indianapolis Grand Prix by 0.4779 seconds. Dixon extended

Alaska Attorney General Treg Taylor filed a lawsuit against Swickard Auto Group for “alleged violations of consumer protection laws” at dealerships the group operates in Anchorage and Palmer. The suit, stemming from three customer complaints, alleges Swickard Auto advertised cars it didn’t have and didn’t honor advertised prices and interest rates. Swickard Auto said Friday