Month: April 2022

3:10 PM ET Formula One’s 46-year wait for a woman driver is likely to continue for some years but next week’s Miami Grand Prix could be a significant springboard for the all-female W Series, according to founder Catherine Bond Muir. The single-seater championship, which uses F3 cars and partnered with Formula One in 2021, has
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Getty Images Car production in the UK has continued to fall as manufacturers struggle with global supply chain problems. Almost 100,000 fewer cars were built in the first three months of 2022 compared to last year. Manufacturing has dropped by nearly a third, according to the Society of Motor Manufacturers and Traders (SMMT). The SMMT
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WASHINGTON — A group of 12 U.S. Senate Democrats on Wednesday urged Transportation Secretary Pete Buttigieg to develop a comprehensive federal framework for autonomous vehicles, according to a letter seen by Reuters. “We lag behind in shaping a regulatory framework that will foster this innovation while simultaneously protecting and encouraging all of the important benefits
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By Joey Klender Posted on April 27, 2022 Ford (NYSE: F) reported $34.5 billion in revenue through Q1 2022, with a net loss of $3.1 billion “primarily attributable to valuation of investment in Rivian.” The Detroit-based automaker said demand for its vehicles was strong in the first quarter, but deliveries were tempered by supply chain
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Fugitive former Nissan boss Carlos Ghosn has said he wants to stand trial on charges of financial wrongdoing in order to clear his name. He spoke to the BBC after France issued an international warrant for his arrest, citing allegedly suspect payments. Mr Ghosn said he was “expecting” the move though he was “surprised at
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Penske Automotive Group Inc.‘s first-quarter net income more than doubled, generating the retailer’s most profitable quarter ever, as used-vehicle revenue surged and the company’s car dealerships produced higher gross profits across all business lines. Penske reported Wednesday that net income soared to $369.5 million, up from $183.1 million in the year-earlier period. Revenue jumped 21 percent
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6:10 PM ET Associated Press Roger Penske has tweaked qualifying for next month’s Indianapolis 500 to add a shootout that will determine the first four starting rows for “The Greatest Spectacle in Racing.” Penske told The Associated Press the tweaks will create a high-pressure atmosphere on the second day of qualifying. “We’re going to have
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