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TOKYO – The man replacing Akio Toyoda as the new CEO of Toyota Motor Corp. is a cosmopolitan car-guy engineer with an eye for luxury and a thirst for speed. In fact, in many ways Koji Sato is a mini-me version of his long-time mentor. As the head of the Lexus premium brand and Gazoo

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023.  Marlena Sloss | Bloomberg | Getty Images Tesla shares rose nearly 11% Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment

5:33 PM ET Associated Press DAYTONA BEACH, Fla. — Bryan Herta wants to enter Robert Wickens in the Indianapolis 500 as early as 2024 — a year later than preferred as work continues on the hand controls needed for the paralyzed driver. Wickens suffered a spinal cord injury in a crash at Pocono Raceway in

Martin Management Group bolstered its presence in three states with the purchases of three dealerships — all in separate 2022 transactions. Martin Management, of Bowling Green, Ky., bought Car Pros Volkswagen of San Bernardino in California on Dec. 15 from Car Pros Automotive Group, Chad Martin, Martin Management Group president, told Automotive News. The dealership

In this article VOW3-FF Follow your favorite stocksCREATE FREE ACCOUNT Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future technologies for the Volkswagen luxury brand. The rear glass of the “Activesphere” vehicle can slide

4:37 AM ET Sauber managing director Alessandro Alunni Bravi has been appointed as team representative for the Alfa Romeo Formula One team — a role similar to a traditional team principal. Former CEO and team principal Fred Vasseur left Alfa Romeo at the end of last year to join Ferrari, with McLaren team principal Andreas

DETROIT — Ford Motor Co. is giving dealers more money and support to expand remote service offerings such as mobile vans, pickup and delivery, the automaker said Thursday. Rising customer demand for such services, driven largely by the coronavirus pandemic, prompted Ford to enhance its capabilities, according to Todd Rabourn, North America regional customer experience

Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images Toyota Motor Corporation’s President and Chief Executive Akio Toyoda will step down from his post on April 1, to be replaced by current Chief Branding Officer Koji Sato, the Japanese automaker said Thursday. Toyoda will become the new chairman

12:18 PM ET The No. 60 Meyer Shank Racing Acura ARX-06 will start this weekend’s Rolex 24 At Daytona from pole position. Brian Cleary/Getty Images At its peak in the late 1980s and early 1990s, the International Motor Sports Association’s Grand Touring Prototype machines gave IndyCar absolute fits. The Andrettis were there, Mario and Michael, as

Tesla Inc. said it expects to grow deliveries at 37 percent this year, sharply lower than previous estimates of growth near 50 percent annually for the foreseeable future. The automaker, which saw sales increase globally by 40 percent for 2022, slashed prices earlier this month amid expectations of an economic slowdown in the U.S. and

In this article 8TRA-DE VOLV.B-SE PCAR DTG-DE Follow your favorite stocksCREATE FREE ACCOUNT Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing extremely tight supply constraints to filling orders now that parts are starting to flow more freely. “Demand for trucks is, I would say, unprecedented,” said David

WASHINGTON — Sen. Joe Manchin, D-W.Va., plans to introduce a bill Wednesday that would direct the U.S. Treasury Department to immediately stop issuing $7,500 consumer tax credits for electric vehicles that do not meet strict critical mineral and battery component requirements. The bill — titled the American Vehicle Security Act — would amend the Inflation

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. According to its public statements, Tesla intends

11:11 AM ET The owners of Formula One have accused FIA president Mohammed Ben Sulayem of “interfering” in the commercial rights of the sport in an “unacceptable manner” after he commented on the value of F1 on Twitter. In a series of tweets on Tuesday, Ben Sulayem reacted to a Bloomberg report that Saudi Arabia’s

A dealership outside New York City is accusing Stellantis of giving illegal “secret discounts” to competing stores and cutting its vehicle shipments as retaliation for a previous legal victory over the automaker. The lawsuit filed by Larchmont Chrysler-Jeep-Dodge-Ram, located about 20 miles northeast of Manhattan, seeks damages for alleged violations of federal antitrust laws and

In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT Uber Freight Uber Freight has laid off 150 employees, or about 3% of the segment’s total head count. The layoffs affect the division’s digital brokerage team, Uber Freight CEO Lior Ron said Monday in a message viewed by CNBC. They are the first layoffs since 2020,

4:23 AM ET Seven-time Formula One world champion Lewis Hamilton says he regularly faced racist abuse while at school, revealing it was the most traumatizing and difficult time in his life. Speaking to the On Purpose podcast, the 38-year-old said he had bananas thrown at him and was called racist terms while growing up in

SAN FRANCISCO – Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc. private, and could even have used his stake in rocket company SpaceX to fund a buyout. At the trial in San Francisco federal court,