Elon Musk speaks during a campaign rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden in New York City on Oct. 27, 2024. Anna Moneymaker | Getty Images Elon Musk’s America PAC didn’t keep its promise to pay swing state voters who signed a pro-Trump petition ahead of the… Continue reading Elon Musk’s pro-Trump PAC failed to pay swing state petition signers, new suit alleges
Author: CNBC Online news
5 new Uber features you should know — including a way to avoid surge pricing
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023. Mario Tama | Getty Images Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced a route share feature on… Continue reading 5 new Uber features you should know — including a way to avoid surge pricing
Chinese startup Pony.ai reports first robotaxi fire, no injuries
A Pony.ai autonomous car. Pony.ai BEIJING — One of Pony.ai‘s robotaxis caught fire for the first time on Tuesday, with no people harmed in the incident, the U.S.-listed Chinese startup told CNBC. The company did not disclose the reason behind the fire. Videos purporting to show the incident in Beijing had circulated on social media.… Continue reading Chinese startup Pony.ai reports first robotaxi fire, no injuries
Baidu’s robotaxi unit plans Europe expansion
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech company Baidu‘s Apollo Go robotaxi business plans to expand… Continue reading Baidu’s robotaxi unit plans Europe expansion
Hertz shares plummet after company’s disappointing first-quarter results, $250 million stock offering
Andrew Kelly | Reuters DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering. Hertz shares were off more than 20% during early morning trading before ending Tuesday nearly 17% lower after the company’s morning quarterly earnings call. Shares of… Continue reading Hertz shares plummet after company’s disappointing first-quarter results, $250 million stock offering
GM unveils new ‘groundbreaking’ EV battery tech, aims to be first to market
General Motors battery technician Steven Petty Jr. focuses on aligning electrodes on an anode sample for a prototype LMR battery cell in the making. Photo by Steve Fecht for General Motors WARREN, Mich. — General Motors expects to pioneer a new “groundbreaking” EV battery technology that the automaker says will reduce costs and boost profitability… Continue reading GM unveils new ‘groundbreaking’ EV battery tech, aims to be first to market
Toyota reveals new name, upgraded tech for its sole U.S. EV
2026 Toyota bZ EV Toyota Toyota Motor on Tuesday revealed a redesigned version of its sole all-electric vehicle in the U.S., with a simplified name and notable increases in EV technologies and capabilities. The new name for the EV for the 2026 model year is the “bZ,” cut down from the “bZ4X.” Toyota says the… Continue reading Toyota reveals new name, upgraded tech for its sole U.S. EV
Honda Motor reports 76% plunge in operating profit in huge earnings miss
Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fiscal fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36… Continue reading Honda Motor reports 76% plunge in operating profit in huge earnings miss
GM hires ex-Tesla, Aurora exec as chief product officer
The 2026 Cadillac Vistiq EV. Cadillac DETROIT — General Motors has hired Sterling Anderson, a former Tesla executive and co-founder of autonomous vehicle company Aurora Innovation, as its chief product officer. In the newly created position, Anderson will oversee the “end-to-end product lifecycle for both gas- and electric-powered vehicles, including hardware, software, services, and user… Continue reading GM hires ex-Tesla, Aurora exec as chief product officer
Carvana’s record quarterly results top Wall Street expectations
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Here’s how the company performed… Continue reading Carvana’s record quarterly results top Wall Street expectations