TAIZHOU, China/SHANGHAI (Reuters) - Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China's first global auto giant. The yet-to-be-finalised plans for Proton are just one strand of a Geely project to revamp factories at home and abroad using joint platforms it has been perfecting with Volvo since 2013. Geely bought the Swedish bran

Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025. In an announcement earlier on Monday, Hyundai said the elevation of Ioniq from individual vehicle nameplate to a brand will support its goal of capturing 10% of global EV sales within five years. Hyundai shares reached as much as to 162,000 won (

Two American men wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of the country in a box have again been denied release from a U.S. jail. U.S. District Judge Indira Talwani on Friday rejected a bid to free Michael Taylor, a 59-year-old U.S. Army Special Forces veteran, and his 27-year-old son, Peter Taylor, on bail while they fight their extradition to Japan. Talwani said a magistrate judge properly found the two men to be a risk of flight.

Max Verstappen sprung what could be the surprise of the Formula One season by beating Lewis Hamilton to win the 70th Anniversary Grand Prix on Sunday. The Red Bull driver crossed the line at Silverstone 11.3 seconds clear of Hamilton, with Valtteri Bottas third. “I didn’t see it coming but after the first stint it seemed we were really good on tires,” Verstappen said after his ninth career win.

Supreme Court Justice Clarence Thomas has never been afraid to turn right when his colleagues turn left, or in any direction really as long as there’s a place to plug in his 40-foot (12-meter) refitted tour bus at the end of the day. Thomas is the only justice with a second home on wheels.

Champions Mercedes are not ready to sign Formula One's new 'Concorde Agreement' because it hurts them most, team boss Toto Wolff said on Friday as the sport's owners vowed to press on anyway. The commercial agreement, setting out the terms under which teams race and the share of revenues, expires at the end of this year with the new one running until 2026. Ferrari and McLaren have indicated they are ready to sign but Wolff told reporters at the 70th Anniversary Grand Prix that Mercedes -- the

Thousands of bikers poured into the small South Dakota city of Sturgis on Friday as the 80th Sturgis Motorcycle Rally rumbled to life despite fears it could lead to a massive coronavirus outbreak. The rally could become one of the largest public gatherings since the pandemic began, with organizers expecting 250,000 people from all over the country to make their way through Sturgis during the 10-day event.

Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba and Xiaomi Corp , has filed to list its shares in New York, seeking to ride enthusiasm for EVs even as U.S.-China relations are strained. The move, announced on Friday, comes as share prices of EV makers including Tesla Inc and Nio Inc have surged in recent months. Shares in Xpeng rival Li Auto Inc soared more than 50% following its debut on Nasdaq on July 30, after the Chinese automaker

Nico Hulkenberg will continue as a stand-in for Racing Point at Formula One's 70th Anniversary Grand Prix on Sunday after Mexican Sergio Perez again tested positive for COVID-19, the team said on Friday. The 32-year-old German was drafted in for last weekend's British Grand Prix at Silverstone, alongside Canadian race regular Lance Stroll, but did not start the race after an engine problem. "Sergio's test has returned a positive result and he will continue to follow the guidance of Public Heal

We ride along with Ken Block, watch as an EV rockets up Pikes Peak, and train like an F1 driver.

Uber recorded an adjusted loss in earnings before interest, taxes, depreciation and amortization of $837 million in the second quarter. Ride-hailing trips, in the past responsible for nearly two-thirds of Uber's revenue, increased 5 percentage points from their low in April, but gross bookings remained down 75% from last year. Uber's chief executive officer, Dara Khosrowshahi, told analysts on a conference call on Thursday that rides recovery depended on the ability of different countries to

Indian automaker Mahindra & Mahindra is looking for investment partners for its domestic electric vehicles business and is finalising investment plans for its Automobili Pininfarina unit, the group's managing director said on Friday. The automaker wants to be a key player in mass-market electric vehicles (EVs) through its unit Mahindra Electric and in the high-end segment through Europe-based Pininfarina, which is building an electric hyper car Battista, Pawan Goenka said. Mahindra &

Plus Ford leadership change, driving the Ford Ranger and Toyota 86, and Micro Machines are back!

Mitsubishi Motors Corp said on Friday Osamu Masuko resigned as chairman due to health reasons and has handed over the role to CEO Takao Kato on a temporary basis. A veteran of the Mitsubishi conglomerate, Masuko joined the automaker in 2004, and became president in 2007. The 71-year-old would stay on at Mitsubishi as a special adviser, the company said in a statement.

Racing Point was deducted 15 points in the Formula One constructors' championship and fined 400,000 euros ($470,000) Friday for using brake ducts based on those from last year's Mercedes cars. The stewards ruled that Mercedes was the “principal designer” of the parts, and that Racing Point made only minor changes to computer design data it received from Mercedes. Rival team Renault filed protests about the legality of the brake ducts, which were added to the “listed parts” under F1 rules for 2