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McLaren and Alonso will use Chevy engines at Indy 500

Fernando Alonso will have a Chevrolet engine in his McLaren when the double Formula One champion attempts to win next year's Indianapolis 500 in his second attempt, the British team announced on Tuesday. The 37-year-old Spaniard led 27 laps last year on his debut at The Brickyard in a Honda-powered Andretti Autosport car before retiring with an engine problem with 21 laps to go. The 2018 Indy 500 winner, Australian Will Power, won with Chevrolet-powered Team Penske last May. "Having Chevrolet power behind me means we're putting ourselves in the best possible position to compete at the front," said Alonso in a McLaren statement. The double Monaco Grand Prix winner, who won the Le Mans 24 Hours with Toyota this year, left Formula One at the end of the season last month and is targeting Indianapolis as the final part of the "Triple Crown of Motorsport": winning the Formula One championship (or Monaco), Le Mans and the Indy 500. The late Briton Graham Hill, also a two-times Formula One champion who died in 1975, is the only one to have done it, completing the triple in 1972.Reporting by Alan BaldwinRelated Video: Motorsports Chevrolet McLaren Racing Vehicles IndyCar

Chevy keeps teasing next Camaro, 70 percent of parts unique to it [w/video]

GM CEO Barra says 'we are selling every truck we can build'

DETROIT — General Motors Chief Executive Mary Barra said on Monday the automaker is "selling every truck we can build" and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker's annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric vehicles for North America, China and other markets, and funding those investments by trying to maximize profits from its North American combustion pickup truck and large SUV lineups. Barra said GM is planning higher-priced versions of its Silverado large pickup and its large SUV models. GM and its Detroit rivals Ford Motor Co and Stellantis NV rely heavily on sales of large pickup trucks and SUVs for global profits. High U.S. gasoline prices in the past have undermined consumer demand for relatively inefficient models. Nominal pump prices hit an average of above $5 a gallon for the first time ever last week, the federal government said Friday. GM is ramping up production of EVs. Barra said the Cadillac Lyriq electric sport utility is sold out through 2023. In response to shareholder questions, Barra said the "clear priority" for using cash generated by its operations is to "accelerate our EV plans." She did not rule out share buybacks or other approaches to returning cash to shareholders. GM still expects to increase production this year by 25-30%, despite continuing pressure on semiconductor supplies globally. Barra said GM is working to redesign vehicles to reduce the number of processors required by 95%. Barra serves as GM's board chair and CEO. GM shareholders overwhelmingly rejected a proposal to separate those roles.