In 2018, after 17 seasons of dedicating his life to Formula 1, Fernando Alonso had enough. With two world titles and 32 Grand Prix victories, he walked away, albeit unfulfilled. It had been 12 years since he was crowned champion and five since he had won a race. “When I finished, it was on a… Continue reading A Stunning Comeback for Fernando Alonso in Formula 1
Category: US Motoring Press
Formula 1 Rules Under Scrutiny After a Pileup in Australia
After the legendary driver Ayrton Senna died during the 1994 San Marino Grand Prix, the sport’s rules on car design and safety strikingly changed. Now, Formula 1’s rules and the decisions of the F.I.A., the sport’s governing body, are rarely out of the spotlight. The sport had acted quickly in response to losing its biggest… Continue reading Formula 1 Rules Under Scrutiny After a Pileup in Australia
Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Designed to accelerate the shift to electric cars among other climate goals, the Inflation Reduction Act has in practice made buying such vehicles a lot more complicated. In August, the law ruled out the full tax credit of $7,500 for electric vehicles and plug-in hybrids assembled outside North America. That may make it harder for… Continue reading Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
Tesla’s profit fell sharply in the first three months of the year after it cut the prices of its electric vehicles, the company said on Wednesday. The carmaker, led by Elon Musk, said it had made $2.5 billion in the first quarter, a drop from $3.7 billion in the last three months of last year… Continue reading Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks
American brands like Tesla and General Motors will benefit most from rules that determine which electric vehicles qualify for tax credits starting on Tuesday. Foreign carmakers like Hyundai will be at a significant disadvantage because of restrictions aimed at cutting China out of the supply chain. Only 10 vehicles will initially qualify for tax credits… Continue reading U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks
Bentley CEO says customization craze among the wealthy is boosting profit
Bentley CEO Adrian Hallmark. Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter due in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more… Continue reading Bentley CEO says customization craze among the wealthy is boosting profit
Payne: Bite-size Tonale SUV is a meaty Alfa appetizer
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Payne: Bite-size Tonale SUV is a meaty Alfa appetizer
Canadian autoworkers union Unifor lays out priorities for Detroit Three contract talks
The labor union representing Canadian autoworkers said on Thursday that pensions, higher wages and job security in the shift to producing electric vehicles are the priorities at the bargaining table this year with Detroit’s three automakers. Delegates from Unifor’s locals met for the union’s Special Auto Council on Wednesday and Thursday in London, Ontario, to… Continue reading Canadian autoworkers union Unifor lays out priorities for Detroit Three contract talks
Bipartisan bill would require automakers to keep AM radio in new cars
New York — Lawmakers on Capitol Hill are pushing to keep AM radio in the nation’s cars. A bipartisan group in Congress on Wednesday introduced the “AM for Every Vehicle Act.” The bill calls on the National Highway Traffic Safety Administration to require automakers to keep AM radio in new cars at no additional cost. The legislation… Continue reading Bipartisan bill would require automakers to keep AM radio in new cars
GM CEO Mary Barra on the industry’s transformation, progress on DEI, and return to office
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading GM CEO Mary Barra on the industry’s transformation, progress on DEI, and return to office