The Latest Breaking News from GM

In September, sales of Ford BEVs in the United States increased to 7,742 units, which allowed to achieve a record third quarter (20,962 sales).

And while there remain some big challenges ahead, because Andretti still needs to agree a commercial deal with FOM to be allowed to race, it is the closest F1 has had to a new team entrant for a while.

This may yet be the most difficult challenge yet for Andretti; although it has proven to the FIA that it has merit on sporting, technical, and financial grounds, thrashing out a deal with FOM will be tough given that the existing 10 teams will put the championship under pressure.

The report also adds that the lion's share of the electric vehicle sales in the US constitutes the luxury segments.

Barclays analyst Dan Levy said Tesla workers' wages would probably rise if the UAW strikes a deal with Ford, General Motors, and Stellantis.

Citing strong auto sales in the third quarter, Cox Automotive analysts hiked their sales forecast for the full year.

The Blue Oval has proposed several aero tweaks ahead of the Great Race in a bid to further ease parity woes between the Mustang and the Chevrolet Camaro.

He was the lead adviser for the Obama administration when the government bailed out auto companies in 2009. Now, he is weighing in on the union strikes against the big 3 American automakers.

The union spared Stellantis this week as negotiations progressed with the automaker.