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Ford Motor Co.’s engineering ranks may bear the brunt of additional job cuts the automaker has alluded to in the wake of disappointing earnings, judging from CEO Jim Farley’s latest interview. “It takes us 25 percent more engineers to do the same work statements as our competitors,” Farley said on “Cars & Culture with Jason

In this article 9868-HK XPEV Follow your favorite stocksCREATE FREE ACCOUNT Xpeng is pushing aggressively into international markets. The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Zhang Peng | LightRocket | Getty Images Xpeng, a Chinese electric vehicle startup, on Friday launched two of

9:19 AM ET Logan Sargeant says it will be an honour to end Formula One’s eight-year wait for an American driver this year. Florida-born Sargeant, 22, will race at Williams this season alongside Alex Albon at a time when F1’s popularity Stateside is booming like never before. Until this year, F1 had been without a

TOKYO – The restructuring of the Renault–Nissan alliance brings the French automaking partner to America’s doorstep for the first time in decades with localized production in Mexico and opens the door for junior alliance player Mitsubishi Motors to expand in North America. Under the new agreement announced Monday in London, the Franco-Japanese partners outlined a

In this article GOEV Follow your favorite stocksCREATE FREE ACCOUNT The Lifestyle Vehicle electric minivan from Canoo. Source: Canoo Shares of electric vehicle startup Canoo were sharply lower in early trading on Monday after the company said that it has agreed to sell discounted shares to raise $52.5 million. The stock opened Monday at $1

Every maintenance and repair job tells a story. The quality and accuracy, however, varies greatly, depending on the storyteller. That’s because service technicians are trained to fix problems, not document what they do. But the details matter — a lot. Poorly written reports can cost dealerships time, money and customers, said industry veteran Joe McCue,

In this article F GM TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is

4:53 AM ET F1 boss Stefano Domenicali’s bizarre no-show on stage at Red Bull’s season launch was due to a last minute decision not to steal the limelight from the confirmation of the Ford partnership. Domenicali created the viral moment of Red Bull’s car launch at Manhattan’s Classic Car Club on Friday, as he failed

DALLAS — Stellantis’ dealer diversity team likes to build a bench of qualified candidates it can turn to when ownership opportunities arise, but they’ll need to replenish that roster after a whirlwind of activity in the last two years. Stellantis had a net gain of 60 minority dealers in 2021 and 2022 combined after single-digit

Ford Motor (F) CEO Jim Farley said the automakers’ messy fourth quarter was a function of its transition to a new business structure that limited production capacity, combined with poor execution. But we remain disappointed in the results and need to see an increase in profitability to stick with the stock after the next quarter.

2:11 PM ET NEW YORK — On Friday, Ford announced its return to Formula One as a partner of Red Bull’s nascent powertrains division. The deal will see the famous Blue Oval back on the F1 grid from 2026 onwards, although its involvement in F1 will remain a step short of the likes of Mercedes,

In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to

Tesla Inc. raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits. Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, a $1,000

Feb 3, 2023 NEW YORK — Ford has confirmed it will return to Formula One in 2026 as it joins forces with world champions Red Bull. The American automotive giant announced its return to the sport on Friday morning at Red Bull’s launch event in New York. The deal will see Ford team up with

SAN FRANCISCO — A jury cleared Elon Musk of claims by Tesla Inc. investors that he defrauded them when he tweeted 4 1/2 years ago that he was considering taking the company private and had “funding secured” to make the deal happen. The verdict in San Francisco federal court rejects allegations that the electric-car maker’s

Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to

4:28 PM ET NEW YORK — Five years ago, all of this seemed impossible. Formula One broadcasts were just returning to ESPN airwaves, Netflix’s “Drive to Survive” series was still a year away from premiering, and the sport’s popularity in the U.S. showed few signs of emerging from a decades-long slumber. There was a four-year

A day after a “frustrating” earnings report, Ford Motor Co. CEO Jim Farley told employees in a letter that he is cutting the percentage used to calculate bonuses for senior leaders including himself. The letter, co-signed by CFO John Lawler and obtained by Automotive News, explained that for 2022, the company’s salaried work force is