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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

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

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

David Madison | Photodisc | Getty Images A federal tax break that’s available to car buyers for going electric may work differently starting next year. Under the Inflation Reduction Act — which received Senate approval on Sunday and is expected to clear the House this week — a tax credit worth up to $7,500 for

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

Online used-vehicle retailer Shift Technologies Inc. said Tuesday it plans to combine with CarLotz, a used-vehicle consignment company, in a stock-for-stock merger. The companies cited “complementary geographies” as a reason for the planned merger. CarLotz aims to use Shift’s proprietary inventory acquisition software and at-home delivery offering to help obtain “differentiated inventory” and to expand

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

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

Gissing North America LLC has filed for Chapter 11 bankruptcy protection with up to $100 million in liabilities. Gissing, based in Bingham Farms, Mich., is a subsidiary of a Chinese automotive supplier, and manufactures interior acoustic and cargo management systems for Ford Motor Co., General Motors, Toyota Motor Corp., Nissan Motor Co. and Honda Motor

Vroom Inc. said Monday it cut employment by 337 positions and sold far fewer vehicles in the second quarter as part of the business realignment strategy it announced in May, which is partially aimed at reducing its expenses. The online used-vehicle retailer also said it closed offices in New York City and Detroit and shuttered

When Volkswagen Group named Scott Keogh CEO of its North American region in 2018, U.S. dealers rejoiced: Not only had he proved himself capable when he was running Audi, but he intimately knew the U.S. market as the first American in the job in 25 years. Their reaction was understandable, not just because of Keogh,

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits for selling rides with no human driver or staff member inside the vehicles. The local

9:05 PM ET Associated Press NASHVILLE, Tenn. — Scott Dixon passed Mario Andretti for second on IndyCar’s all-time wins list with a victory Sunday in the messy Music City Grand Prix that pulled him within reach of a record-tying seventh series championship. Dixon overcame a poor qualifying effort, damage to his Chip Ganassi Racing car,

The Senate passed a landmark tax, climate and health-care bill, speeding a slimmed-down version of President Joe Biden’s domestic agenda on a path to becoming law after a year of Democratic infighting that the White House was unable to control. The bill allows roughly $374 billion in climate and energy spending such as expanded tax

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Oil is all about Russia Quick mentions: AMD, F Eli Lilly reports Thursday 1. Oil is all about Russia U.S. oil prices, as measured by West Texas Intermediate crude futures

Stellantis put the spotlight on its Black designers and the plush Jeep Grand Wagoneer SUV they shepherded as part of its efforts this summer to commemorate Juneteenth. The design team was featured in a video in which they spoke of being among the few Black people in the field, inspiring others to consider that line