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To grease the skids for Stellantis, PSA offers to boost Toyota's fortunes

It's a bid to placate EU antitrust concerns about the merger with FCA

Stefano Domenicali is the new CEO of Formula One

Domenicali replaces Chase Carey as chief executive in January

The Italian will also be F1 president with Carey, who led the revamping of the sport following the 2017 ouster of former supremo Bernie Ecclestone, moving to the position of non-executive chairman. Speaking to reporters at the Russian Grand Prix before the announcement, Horner said Domenicali's appointment would be great for the sport.

Junkyard Gem: 1983 Toyota Camry Sedan

One of the very first Camrys ever sold in North America, now in a Denver boneyard

Valtteri Bottas wins 2020 Russian Grand Prix

Lewis Hamilton crossed the line first but faced a 10-second penalty

Hamilton's Mercedes teammate Valtteri Bottas cruised to the win Sunday after Hamilton, who was leading, was penalized 10 seconds for practicing his starts in the wrong place before the race. Hamilton came into the race looking to match Michael Schumacher’s record of 91 wins in Formula One but had to settle for third behind Bottas and Max Verstappen.

Formula E founder Agag's latest gig is electric powerboat racing

Hydrofoil racing boats are being developed by America's Cup winner Russell Coutts

India plans $4.6 billion in incentives to lure EV battery makers

And in so doing could cut oil imports by $40 billion

India plans to offer $4.6 billion (3.6 billion pounds) in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters. A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted. The pro

VW to pay record settlement to employees persecuted under Brazilian dictatorship

Companies helped the regime root out suspected 'subversives' and union activists

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