The 2026 Cadillac Vistiq EV. Cadillac DETROIT — Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq, a replacement for its current gas-powered XT6. The General Motors luxury brand on Thursday released images of the Vistiq, which is expected to be its fifth EV, and slot… Continue reading Cadillac reveals three-row Vistiq to round out electric SUV lineup
Author: CNBC Online news
GM’s Cruise robotaxi unit dismisses nine ‘key leaders’ amid safety investigation
A Cruise self-driving car, which is owned by General Motors, is seen outside the company’s headquarters in San Francisco. Heather Somerville | Reuters General Motors’ Cruise autonomous vehicle unit has dismissed nine “key leaders” amid ongoing safety investigations sparked by an October accident in San Francisco, according to an internal message obtained by CNBC. The… Continue reading GM’s Cruise robotaxi unit dismisses nine ‘key leaders’ amid safety investigation
Why Ford should double down on hybrids as it backs off EVs
Ford Motor ‘s decision to cut production of its electric pick-up allows the automaker to refocus its strategy around its highly profitable hybrid vehicles, which in turn should boost its underperforming stock. Ford said Monday it’s cutting in half planned production of its all-electric F-150 Lightning pick-up truck next year due to moderating consumer demand.… Continue reading Why Ford should double down on hybrids as it backs off EVs
Ford cuts planned 2024 production of electric F-150 Lightning in half
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a major reversal after the automaker significantly increased plant capacity for… Continue reading Ford cuts planned 2024 production of electric F-150 Lightning in half
UAW files unfair labor practice charges against Hyundai, Honda and VW, accusing them of union busting
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT — The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of unlawfully interfering… Continue reading UAW files unfair labor practice charges against Hyundai, Honda and VW, accusing them of union busting
China’s livestream shopping is booming, fueling new tech such as avatars and AI
HAIAN, CHINA – NOVEMBER 7, 2023 – A crab farmer sells crabs via a live webcast at Xinhai village in Haian city, Jiangsu province, China, Nov 7, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Livestream shopping is taking off in China, driving development of new tech products… Continue reading China’s livestream shopping is booming, fueling new tech such as avatars and AI
Why automakers are turning to hybrids in the middle of the industry’s EV transition
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and avoid costly penalties… Continue reading Why automakers are turning to hybrids in the middle of the industry’s EV transition
Musk’s Scandinavian woes deepen as Tesla loses Swedish court case, Finnish union joins port blockade
C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images Tesla‘s troubles with labor unions in Scandinavia deepened as it lost legal action against Sweden’s postal service… Continue reading Musk’s Scandinavian woes deepen as Tesla loses Swedish court case, Finnish union joins port blockade
Why the U.S. has a serious mining worker shortage
The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. “Our workforce is aging,” said Bold Baatar, chief executive of copper at… Continue reading Why the U.S. has a serious mining worker shortage
Why experts say falling EV prices could actually hinder widespread adoption
Prices of used electric vehicles are down roughly 30% year over year, according to market research studies using data from September and October. The cheaper prices might bode well for buyers, but they raise concerns that low resale values could hurt EV adoption among mainstream consumers. The falling prices also add fuel to a debate… Continue reading Why experts say falling EV prices could actually hinder widespread adoption