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1 week ago | 
automotivereport.net | Allen Forkum |Samya Kullab |Hanna Arhirova |Aamer Madhani
By SAMYA KULLAB, HANNA ARHIROVA and AAMER MADHANI Associated PressWASHINGTON (AP) — The U.S. and Ukraine on Wednesday signed an agreement granting American access to Ukraine’s vast mineral resources, finalizing a deal months in the making that could enable continued military aid to Kyiv amid concerns that President Donald Trump might scale back support in ongoing peace negotiations with Russia.
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1 week ago | 
automotivereport.net | Allen Forkum
All Times EasternWürth 400 presented by LIQUI MOLYSite: Fort Worth, Texas. Schedule: Saturday, practice, 11:05 a.m., qualifying, 12:10 p.m.; Sunday, race, 3:30 p.m. (FS1). Track: Texas Motor Speedway. Race distance: 267 laps, 400.5 miles. Last year: Denny Hamlin survived a late surge from Kyle Larson to take the checkered flag, earning him his 54th career Cup victory. Last race: Austin Cindric’s last-lap overtake of Ryan Preece secured him a photo-finish win in Talladega.
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1 week ago | 
automotivereport.net | Allen Forkum
By WYATTE GRANTHAM-PHILIPS AP Business WriterNEW YORK (AP) — General Motors is recalling nearly 600,000 vehicles across its Cadillac, Chevrolet and GMC brands in the U.S. due to potential manufacturing defects that can cause engine failure. The recall covers certain Cadillac Escalades and Escalade ESVs; Chevrolet Silverado 1500s, Suburbans and Tahoes; as well as GMC Sierra 1500s, Yukons and Yukon XLs between model years 2021 and 2024.
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1 week ago | 
automotivereport.net | Allen Forkum
By JENNA FRYER AP Auto Racing WriterTALLADEGA, Ala. (AP) — If there’s beef between teammates Austin Cindric and Joey Logano — and none other than Major League Baseball Hall of Famer Chipper Jones is convinced there is — then Team Penske has some work to do to smooth things over.
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1 week ago | 
automotivereport.net | Allen Forkum
By JENNA FRYER AP Auto Racing WriterTALLADEGA, Ala. (AP) — Austin Cindric celebrated his first win of the season by wearing Talladega’s Superspeedway traditional victory wreath all around the track. A wreath like he just won the Indianapolis 500. He thought so, too. “Feels like I just won the Indy 500,” he said of Sunday’s NASCAR race.
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1 week ago | 
automotivereport.net | Allen Forkum
BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — Penske Automotive Group Inc. (PAG) on Wednesday reported first-quarter net income of $244.3 million. The Bloomfield Hills, Michigan-based company said it had profit of $3.66 per share. Earnings, adjusted for non-recurring gains, were $3.39 per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.
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1 week ago | 
automotivereport.net | Allen Forkum
By JENNA FRYER AP Auto Racing WriterCHARLOTTE, N.C. (AP) — Chase Elliott, son of a NASCAR Hall of Famer and the sport’s most popular driver, has 19 career Cup Series wins and championship titles in both the Cup and Xfinity Series. But if not for one critical partnership, Elliott is convinced he may not have ever made it as a professional racer.
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1 week ago | 
automotivereport.net | Allen Forkum
LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — Standard Motor Products Inc. (SMP) on Wednesday reported first-quarter profit of $12.6 million. On a per-share basis, the Long Island City, New York-based company said it had profit of 56 cents. Earnings, adjusted for one-time gains and costs, came to 81 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
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1 week ago | 
automotivereport.net | Allen Forkum
By JENNA FRYER AP Auto Racing WriterEds: UPDATES: Updates Media. CHARLOTTE, N.C. (AP) — Joey Logano wondered Tuesday if Baseball Hall of Famer Chipper Jones had ever driven a race car at Talladega after the former Atlanta Braves slugger criticized the NASCAR champion in a series of social media posts.
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1 week ago | 
automotivereport.net | Allen Forkum
By YURI KAGEYAMA AP Business WriterTOKYO (AP) — Japan’s top automaker Toyota announced a partnership with U.S. autonomous driving technology company Waymo on Wednesday. The move was somewhat anticipated, as the use of such technology speeds up around the world, and Toyota Motor Corp. has been aggressive about its intention to stay on top of such advances. “Toyota is committed to realizing a society with zero traffic accidents and becoming a mobility company that delivers mobility for all.
