Tim Kuniskis, head of NAFTA Passenger Car Brands for Fiat Chrysler Automobiles NV, speaks during the reveal of the Fiat Chrysler 2018 Dodge Challenger SRT Demon sports vehicle ahead of the 2017 New York International Auto Show (NYIAS) in New York, U.S., on Tuesday, April 11, 2017. Mark Kauzlarich | Bloomberg | Getty Images New… Continue reading New Stellantis CEO taps Kuniskis to oversee American brands, brings back SRT division
Author: CNBC Online news
Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
watch now Tesla reported around 384,000 vehicle deliveries in the second quarter, a 14% decline from a year ago, and the second straight quarterly drop. The stock rose nearly 5% as the numbers were better than some analysts feared. The electric vehicle maker reported 443,956 deliveries and production of 410,831 vehicles during the same period last… Continue reading Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car startup Xpeng is keeping up the sales momentum against its rivals, even as BYD expands on its market dominance amid a fierce price war… Continue reading Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace
Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025. Jim Lo Scalzo | Bloomberg | Getty Images Tesla shares have dropped 7% from… Continue reading Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
Trump megabill axes $7,500 EV tax credit after September
Mike Kemp | In Pictures | Getty Images A massive tax-and-spending package championed by President Donald Trump and passed by the Senate on Tuesday would end tax credits for electric vehicles within three months. The legislation, which Republicans are trying to get to the president’s desk by July 4, would end tax breaks for consumers… Continue reading Trump megabill axes $7,500 EV tax credit after September
Ford sales jump 14% in the second quarter, well above industry forecast
watch now Ford sales rose 14.2% during the second quarter over the year-earlier period, about 10 times the estimated 1.4% industry increase, the automaker said Tuesday. New vehicle sales for the second quarter totaled 612,095, led in part by gains in its F-Series trucks and “electrified” vehicles, which includes hybrids and EVs. F-Series trucks saw… Continue reading Ford sales jump 14% in the second quarter, well above industry forecast
Tesla’s IPO was 15 years ago. The stock is up almost 300-fold since then
CEO of Tesla Motors Elon Musk waves after ringing the opening bell at the NASDAQ market in celebration of his company’s initial public offering in New York June 29, 2010. Brendan McDermid | Reuters At the time of Tesla’s IPO 15 years ago, the company had generated roughly $150 million in revenue in its lifetime.… Continue reading Tesla’s IPO was 15 years ago. The stock is up almost 300-fold since then
Tesla says it made its first driverless delivery of a new car to a customer
A Tesla logo outside the company’s Tilburg Factory and Delivery Center. Karol Serewis | Getty Images Tesla CEO Elon Musk said the automaker completed its first driverless delivery of a new car to a customer, routing a Model Y SUV from the company’s Austin, Texas, Gigafactory to an apartment building in the area on June… Continue reading Tesla says it made its first driverless delivery of a new car to a customer
How China could shut down auto factories around the world
China’s dominance of the global supply chain is starting to hurt automakers. On April 4, the country cut off exports of a class of minerals called “heavy rare earth elements,” and it sent the global auto industry into a panic. Rare earths are a class of 17 elements that have become indispensable in all kinds… Continue reading How China could shut down auto factories around the world
Hemi V-8 engines and mechanical bull rides: Inside Stellantis’ plan to revive its Ram Trucks brand after yearslong sales declines
Stellantis’ Ram display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC AUBURN HILLS, Mich. — Ram CEO Tim Kuniskis reemerged from a seven-month retirement late last year saying he “missed the fight” and admitting the Stellantis brand was getting smashed in the marketplace by its competition.… Continue reading Hemi V-8 engines and mechanical bull rides: Inside Stellantis’ plan to revive its Ram Trucks brand after yearslong sales declines