News

2:41 PM ET Associated Press Bubba Wallace locked down his future with 23XI Racing on Friday and now is eyeing a spot in NASCAR’s playoffs for the first time in his career. Wallace and 23XI announced a multiyear contract extension that keeps Wallace in the No. 23 Toyota that was the foundation of Denny Hamlin

How the new EV tax credit rules work The revamped EV tax credit adds increasingly stringent rules on where battery critical minerals are extracted and processed, and where battery components are made or assembled for vehicles to be eligible. » For critical minerals: Before 2024 and after the U.S. treasury secretary issues the proposed guidance: 40%

Dr. Steven Scott Cliff, nominee to be administrator of the National Highway Traffic Safety Administration, testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing in Russell Building on Thursday, December 16, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Department of Transportation said on Friday that Steven Cliff, the head

TOKYO — Mazda Motor Corp. said on Friday it would ask its parts suppliers to increase stockpiles in Japan and produce components outside China after COVID-19 lockdowns in Shanghai destabilized supply lines and hampered production. The request from the Hiroshima-based automaker underscores the vulnerability of sprawling supply chains that have been tested by the pandemic

Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China. Jade Gao | Afp | Getty Images BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly

The bipartisan CHIPS and Science Act that President Joe Biden signed into law this week gives automakers hope that the semiconductor industry will now be able to keep up with surging auto industry demand. The law provides about $52 billion in subsidies for semiconductor research, design and production in the U.S., including $2 billion set

In this article RIVN RIVN Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.  Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street

7:25 AM ET Alyssa RoenigkESPN Close Alyssa Roenigk is a senior writer for ESPN whose assignments have taken her to six continents and caused her to commit countless acts of recklessness. (Follow @alyroe on Twitter). LORETTA LYNN LOOKED at the land and saw a home. In 1966, the country music star and her husband, Mooney,

In this article F Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the company’s electric vehicles to ease in the near future, marking the

Rivian Automotive is facing scrutiny over its operating costs, capital expenditures and cash burn as part of second-quarter earnings after the market close Thursday, as the EV maker boosts production at its Illinois factory and plans for a second plant in Georgia. Irvine, Calif.-based Rivian increased vehicle deliveries in the second quarter to 4,467, from

11:28 AM ET Hazel Southwell Jamie Chadwick is well on her way to winning her third W Series championship in 2022. Clive Rose/Getty Images Sometimes, in the cutthroat world of junior series driving, careers putter out long before they should. That’s especially for women, who often work with lower budgets and fewer opportunities than men in

Lana Payne has been elected as the new national president of Unifor, taking over the role five months after longtime leader Jerry Dias abruptly retired as head of Canada’s largest private sector union. About 1,000 Unifor delegates, voting on behalf of locals across Canada, cast ballots at the union’s constitutional convention in Toronto Wednesday. Payne,

Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging like hotels declined 9.5% and about 3%, respectively, according

10:37 AM ET Lewis Hamilton has said that he could continue to race beyond 2023 and has added that he is “still on the mission” in Formula One. Hamilton’s contract with Mercedes expires next year and the 37-year-old sits sixth in the championship standings after a challenging season, 112 points behind leader Max Verstappen. 1

Fast-growing Ciocca Dealerships bolstered its presence in New Jersey and added several new brands to its portfolio with its Monday purchase of Flemington Car & Truck Country, founded by the late Steve Kalafer. Ciocca Dealerships, which has been a buyer of stores multiple times in 2022, bought six dealerships from Steve Kalafer’s sons Josh and

In this article NKLA Mark Russell, chief executive officer of Nikola Corp., left, during a media briefing at the unveiling of the Iveco-Nikola electric truck plant in Ulm, Germany, on Wednesday, Sept. 15, 2021. Andreas Grebert | Bloomberg | Getty Images Nikola CEO Mark Russell will retire at the end of the year, the company

4:33 PM ET Associated Press The strange motorsports silly season has knocked IndyCar driver Felix Rosenqvist into limbo, with the Swede now desperately trying to hold onto his current seat and avoid being shipped to McLaren Racing’s new Formula E team. McLaren and Rosenqvist said in June they’d agreed to a deal in which Rosenqvist

Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor on Tuesday said it is increasing the starting prices of its electric F-150 Lightning pickup due to “significant material cost increases and other factors.” The Detroit automaker said the price increases – between