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Author: Associated Press
ZANDVOORT, Netherlands — Lando Norris just can not seem to get his starts right. For once, it didn’t stop him beating Max Verstappen. Norris began on pole position but was slow off the road — a persistent problem for him — allowing Red Bull driver Verstappen to leap ahead. Norris closed the gap and overtook Verstappen into the opening corner on the 18th lap of 72 and was then on track for his second profession win and the McLaren team’s third of the 12 months. “After getting done into turn one and off the road, I used to be actually…
DETROIT — U.S. auto safety regulators are a step closer to in search of a recall of nearly one million Dodge Journey SUVs after a girl was trapped and died when her vehicle caught fire in 2022. The National Highway Traffic Safety Administration upgraded an investigation opened last 12 months to an engineering evaluation and added 11 model years to the probe. The agency says in documents posted on its website Friday that it now has 19 complaints from owners and the automaker that inoperative door locks and windows can prevent people from getting out of the small SUVs during…
Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
DETROIT — Tesla’s second-quarter net income fell 45% compared with a yr ago as the corporate’s global electric vehicle sales tumbled despite price cuts and low-interest financing. The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, lower than the $2.7 billion it made in the identical period of 2023. It was Tesla’s second-straight quarterly net income decline. Second quarter revenue rose 2% to $25.5 billion, beating Wall Street estimates of $24.54 billion, in line with FactSet. Excluding one time items, Tesla made 52 cents per share, below analyst expectations of 61 cents. Earlier this…
BELGRADE, Serbia — German Chancellor Olaf Scholz praised a tentative deal between Serbia and the European Union signed on Friday that paves the way in which for the disputed excavation of lithium, a mega project that would reduce Europe’s dependency on China but one which has been fiercely criticized by environmentalists and opposition groups. Scholz attended a “critical raw materials summit” within the Serbian capital where a memorandum of understanding between the EU and Serbia’s government on a “strategic partnership” on sustainable raw materials, battery supply chains and electric vehicles was signed. He said after the signing ceremony that “that…
Dozens of aging bridges in 16 states might be replaced or improved with the assistance of $5 billion in federal grants announced Wednesday by President Joe Biden’s administration, the newest beneficiaries of a large infrastructure law. The projects range from coast to coast, with the biggest providing a further $1.4 billion to assist replace two vertical lift bridges over the Columbia River that carry Interstate 5 traffic between Portland, Oregon, and Vancouver, Washington. The bridges, which also received $600 million in December, are “the worst trucking bottleneck” within the region, Transportation Secretary Pete Buttigieg said. Other projects receiving $500 million…