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Another victim of staffing shortages, inflation and supply chain disruptions has filed for voluntary Chapter 11 bankruptcy protection. Cammand Machining LLC filed a petition for bankruptcy this week in U.S. Bankruptcy Court in Detroit. The machine shop, which services the mold-and-die industry for automotive and aerospace customers, indicated in the filing that it was never
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4:24 AM ET Seven times Formula One world champion Lewis Hamilton says he feels “transformed” after travelling in Africa during the racing series’ August break. The Briton, Formula One’s only Black driver whose paternal grandparents emigrated to Britain from the Caribbean, has documented across social media his trip to Namibia, Rwanda, Kenya and Tanzania. “These
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7:24 PM ET Associated Press MOORESVILLE, N.C. — Kurt Busch said Thursday he’ll miss the final two races of NASCAR’s regular season, bringing it to six races the 2004 champion has been sidelined with concussion-like symptoms. Busch wrote on Twitter he’ll miss the Sunday race on the road course at Watkins Glen International and then
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Tesla Inc. and SAIC Motor Corp. told Shanghai’s government they may have difficulty maintaining production if a power crunch in Sichuan continues to impact suppliers, people familiar with the matter told Bloomberg, prompting city officials to ask the southwestern province if it could prioritize electricity for the carmakers’ suppliers. The two companies informed authorities in
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5:44 AM ET Mercedes chief Toto Wolff has revealed that he studied Manchester United‘s failures to avoid a decline at the Formula One team. In an interview with the Financial Times, Wolff claimed he looked at the Premier League club’s mistakes to understand why “great teams” are not able to continue their success. Manchester United
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Karma Automotive is suing DeLorean Motors Reimagined, alleging it stole the luxury electric vehicle company’s intellectual property. The lawsuit, filed Aug. 8 in U.S. District Court for the Southern District of Texas, names DeLorean Motors CEO Joost de Vries, COO Alan Yuan, Vice President Neilo Harris and Chief Marketing Officer Troy Beetz as defendants. The
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5:20 PM ET Formula One’s governing body approved engine regulations for 2026 on Tuesday, an eagerly-awaited move that could lead to the arrival of premium Volkswagen Group brands Porsche and Audi. The FIA said its World Motor Sport Council (WMSC) also updated the 2022 and 2023 technical rules to address safety concerns. The new power
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