Category: News
Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV…
Why Honda, Acura dealer showrooms may shrink
American Honda Motor Co. is reassessing how much brick-and-mortar space its dealers will really need…
Formula E unveils Gen3 car for 22/23 season
6:28 AM ET All-electric racing series Formula E has launched a new net carbon zero…
Top autos CEO warns of battery supply scarcity as EV competition heats up
In this article GM VOW3-DE In 2021, Volvo Cars said it planned to become a…
Magna Q1 earnings: Net income fell 41% amid microchip, inflation, war disruption
Magna International Inc.‘s first-quarter net income fell 41 percent from a year earlier as the…
FIA stalls on additional sprint race decision
3:26 PM ET Formula One teams agreed to double the number of sprint races to…
Elon Musk sold around $4 billion worth of Tesla shares as he moved to buy Twitter
In this article TSLA Elon Musk, founder of SpaceX and chief executive officer of Tesla,…
Asbury raises 2025 revenue target to $32B, up from $20B
Asbury Automotive Group Inc. now seeks to produce $32 billion in revenue by 2025 —…
F1 race directors both positive for COVID
4:10 AM ET Formula One race directors Eduardo Freitas and Niels Wittich have both tested…
What Ford, a 9-to-5 workweek pioneer, is learning about the hybrid office
In this article F Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021.…
Volkswagen questioned by U.S. senator over human rights issues linked to China suppliers
U.S. Sen. Marco Rubio is seeking information from Volkswagen Group about a pair of planned…
W Series sees Miami as a springboard to growth
3:10 PM ET Formula One’s 46-year wait for a woman driver is likely to continue…
Musk beats claims by investors that SolarCity deal was improper
Tesla Inc. co-founder Elon Musk won’t have to hand over as much as $13 billion…
Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
In this article F Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where…
Driver killed in crash during Australian rally race
7:26 AM ET Associated Press HOBART, Australia — A 59-year-old driver was killed in a…
Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
In this article LCID With 1,050 horsepower, the new Grand Touring Performance edition becomes the…
Penske Automotive delivers most profitable quarter in company history
Penske Automotive Group Inc.‘s first-quarter net income more than doubled, generating the retailer’s most profitable quarter…
Indy 500 adds ‘shootout’ segment to qualifying
6:10 PM ET Associated Press Roger Penske has tweaked qualifying for next month’s Indianapolis 500…