Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla could use more of high-profile CEO Elon Musk’s divided focus at a critical juncture for the electric… Continue reading Tesla could use more of Elon Musk’s focus, former board member says
Author: CNBC Online news
Rollback in IRA’s EV incentives would benefit China, says GM board member
watch now Any significant reduction or a rollback of the Inflation Reduction Act’s support for electric vehicles would benefit China, according to General Motors board member Jon McNeill. “I think we risk losing the auto manufacturing share to China. We really do, globally,” McNeill, a former Tesla president and cofounder and CEO of DVx Ventures,… Continue reading Rollback in IRA’s EV incentives would benefit China, says GM board member
GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael Wayland / CNBC DETROIT — The Chevrolet Equinox has been a crucial part of General Motors’ lineup for two decades. The vehicle is a quintessential family hauler and a go-to car for people seeking an… Continue reading GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
Autos giant Peugeot is trialing driverless tech — with a twist — for Amazon-style deliveries
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. Arnaud Finistre | AFP via Getty Images PARIS, France — French car giant Peugeot told CNBC this week that it’s partnering with Vay, a German mobility startup, to integrate so-called “teledriving” tech — an alternative to autonomous… Continue reading Autos giant Peugeot is trialing driverless tech — with a twist — for Amazon-style deliveries
Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries. The company’s Hong Kong-listed shares rose more than 13% in… Continue reading Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
Tesla Fremont factory suffers another fire, investigation underway
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images A fire broke out at Tesla‘s vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. No injuries were reported among employees… Continue reading Tesla Fremont factory suffers another fire, investigation underway
How Toyota’s Tacoma became king of the U.S. midsize truck market
The American pickup truck market is dominated by domestic brands, primarily Ford, Chevrolet, GMC and Ram. U.S. brands benefit from a loyal buyer base, and a 25% tax on imported trucks. But the Toyota Tacoma shows how a foreign automaker can find and control a niche within that market. The top-selling full-size pickup line is… Continue reading How Toyota’s Tacoma became king of the U.S. midsize truck market
Mercedes-Benz workers in Alabama vote against UAW union membership
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The… Continue reading Mercedes-Benz workers in Alabama vote against UAW union membership
Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT – Stellantis‘ Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced… Continue reading Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet wealth” to a new level, turning to private purchases of mansions, art and classic cars designed to avoid… Continue reading ‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars