GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said in a public filing that… Continue reading GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring
Author: CNBC Online news
Used vehicle pricing expected to increase 2% in 2026, a historically stable rate
Ford Mustangs at a used car dealership in Montebello, California, May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — Prices of used vehicles are expected to rise this year but at a historically stable rate, according to auto data and insights firm Cox Automotive. Cox on Thursday forecast that wholesale prices… Continue reading Used vehicle pricing expected to increase 2% in 2026, a historically stable rate
Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028
Jim Farley, president and chief executive officer of Ford, speaks at the Ford Motor Co.’s Kentucky Truck Plant to launch the 2025 Ford Expedition, in Louisville, Kentucky, April 30, 2025. Carolyn Kaster | AP Ford Motor plans to introduce eyes-off driving technology on an upcoming $30,000 all-electric vehicle in 2028, the Detroit automaker announced Wednesday.… Continue reading Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028
Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away
Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images Tesla CEO Elon Musk said Tuesday that it will take several years… Continue reading Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away
Elon Musk’s xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity
Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. Evelyn Hockstein | Reuters Elon Musk’s xAI said it raised $20 billion in a funding round, exceeding its prior target of $15 billion. CNBC reported in November that a financing would value the artificial intelligence startup at about $230 billion. After… Continue reading Elon Musk’s xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity
Ford reports best annual U.S. vehicle sales since 2019
Visitors to the OC Auto Show at the Anaheim Convention Center check out the newly unveiled Ford Expedition in Anaheim on Thursday, October 3, 2024. Leonard Ortiz | Medianews Group | Getty Images DETROIT — Ford Motor on Tuesday said its U.S. vehicle sales last year increased 6% to achieve the company’s best annual sales… Continue reading Ford reports best annual U.S. vehicle sales since 2019
GM posts 5.5% U.S. sales gain in 2025, Stellantis’ Jeep marks first increase in seven years
2026 Chevrolet Corvette ZR1X with Carbon Aero package GM DETROIT — General Motors on Monday reported a 5.5% increase in its annual U.S. sales in 2025, despite a 6.9% decrease during the fourth quarter. The Detroit automaker’s results were driven last year by incremental sales of EVs as well as gains in large SUVs and… Continue reading GM posts 5.5% U.S. sales gain in 2025, Stellantis’ Jeep marks first increase in seven years
Lucid increases EV deliveries by 55% in 2025, meets lowered guidance
A Lucid Air electric vehicle is displayed at a shopping mall in Scottsdale, Arizona, U.S., Sept. 27, 2021. Hyunjoo Jin | Reuters Lucid Group significantly increased its production and sales last year as it continues to ramp up production of its new Gravity SUV. The all-electric vehicle manufacturer on Monday said its deliveries last year… Continue reading Lucid increases EV deliveries by 55% in 2025, meets lowered guidance
Norway wraps up 2025 with 96% of its new car market fully electric, and Tesla’s sales are surging there
A Tesla car is being charged at a Tesla electrical vehicle charging station in Norheimsund, Norway, Aug. 22, 2025. Sergei Gapon | Afp | Getty Images A record-breaking year for electric vehicle sales in Norway puts the country within touching distance of effectively erasing gasoline and diesel cars from its new car market. A total… Continue reading Norway wraps up 2025 with 96% of its new car market fully electric, and Tesla’s sales are surging there
Tesla reports 418,227 deliveries for the fourth quarter, down 16%
watch now Tesla posted its fourth-quarter 2025 vehicle production and deliveries report on Friday, marking a second annual decline for Elon Musk’s automaker. Shares closed 2.59% lower on the day. Here are the key numbers: Total Q4 deliveries: 418,227 Total Q4 production: 434,358 Total 2025 deliveries: 1.64 million Total 2025 production: 1.65 million Wall Street expected 426,000 deliveries… Continue reading Tesla reports 418,227 deliveries for the fourth quarter, down 16%