GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT — Shares of the Detroit automakers closed higher Friday following an afternoon report that President Donald Trump is considering “significant tariff relief” for the production of vehicles in the U.S. Stocks for General Motors, Ford Motor and Chrysler parent Stellantis shifted… Continue reading Detroit auto stocks jump on report of tariff relief for U.S. vehicles
Author: CNBC Online news
2026 will be the ‘year of the used EV,’ analyst says. Here’s why
Charging an electric vehicle. Tashdique Mehtaj Ahmed | Moment | Getty Images The price of used electric vehicles has come down to levels comparable with gasoline cars, a dynamic poised to boost their popularity despite the loss of a federal tax incentive for EVs, according to auto analysts. In August, the price premium for used… Continue reading 2026 will be the ‘year of the used EV,’ analyst says. Here’s why
Tesla, GM lead record U.S. EV sales this year as federal incentives end
watch now DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September. New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs,… Continue reading Tesla, GM lead record U.S. EV sales this year as federal incentives end
Tesla deliveries rise 7% before EV tax credits expire
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla reported quarterly vehicle deliveries up 7% over the year prior for the period ended Tuesday, the same day that a key tax credit for buyers of electric vehicles in the U.S. expired. Here are… Continue reading Tesla deliveries rise 7% before EV tax credits expire
BYD monthly sales tumble for the first time in 2025, reinforcing slowdown concerns
HANGZHOU, CHINA – SEPTEMBER 21, 2025 – Viewers watch a new energy vehicle under BYD at an auto show in Hangzhou, Zhejiang Province, China on September 21, 2025. Cfoto | Future Publishing | Getty Images China’s electric-vehicle behemoth BYD posted its first year-on-year decline in deliveries in 2025, even as it entered the peak season… Continue reading BYD monthly sales tumble for the first time in 2025, reinforcing slowdown concerns
NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown
U.S. President-elect Donald Trump greets Elon Musk as he arrives to attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images NASA is requiring employees involved in Artemis missions with contractors SpaceX and… Continue reading NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown
Record EV sales lead GM, Ford to 8% increases in Q3 U.S. auto sales
Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Strong electric vehicle sales are leading to robust third-quarter results for major automakers, as consumers flocked to car dealerships before the end of $7,500 in federal incentives for EVs. Ford Motor,… Continue reading Record EV sales lead GM, Ford to 8% increases in Q3 U.S. auto sales
Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
Jim Farley, president and chief executive officer of Ford Motor Co., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — “A lot of surprises.” That’s how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he… Continue reading Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
Ford CEO expects EV sales to be cut in half after end of tax credits
Ford Motor Company CEO Jim Farley speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.… Continue reading Ford CEO expects EV sales to be cut in half after end of tax credits
Exclusive: Hertz will let customers do entire car buying process online
Rental company Hertz said Tuesday it is updating its online shopping website to allow customers to secure financing, get a trade-in offer and do just about everything else a buyer would need to purchase a vehicle. The move is a significant step for Hertz’s online retail presence. Previously, the company’s HertzCarSales.com website had only offered… Continue reading Exclusive: Hertz will let customers do entire car buying process online