A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images LIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry. It’s not the EV itself… Continue reading Why a small China-made EV has global auto execs and politicians on edge
Author: CNBC Online news
Aston Martin names Bentley chief Adrian Hallmark as new CEO
Exhibition of Aston Martin DB11 during the Turin Motor Show 2018. Stefano Guidi | LightRocket | Getty Images LONDON — Adrian Hallmark, the experienced autos leader of Bentley, has been appointed as new chief executive officer of fellow British luxury automaker Aston Martin. The 61-year-old will start in his new role no later than Oct.… Continue reading Aston Martin names Bentley chief Adrian Hallmark as new CEO
Elizabeth Warren calls on SEC to investigate Tesla, Elon Musk over governance issues once again
U.S. Senator Elizabeth Warren (D-MA) faces reporters during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, September 13, 2023. Julia Nikhinson | Reuters Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the… Continue reading Elizabeth Warren calls on SEC to investigate Tesla, Elon Musk over governance issues once again
Auto prices are cooling, but ‘we’re never going back to the old normal,’ expert says. Here’s what car shoppers can expect
Maskot | Maskot | Getty Images After a year of supply shortages and climbing borrowing costs, 2024 is shaping up to be a better time to buy a car. The average transaction price for a new car in the U.S. in February was $47,244, down 2.2% from February 2023. That’s also down 5.4% from the… Continue reading Auto prices are cooling, but ‘we’re never going back to the old normal,’ expert says. Here’s what car shoppers can expect
Elon Musk companies are gobbling up Nvidia hardware even as Tesla aims to build rival supercomputer
Tesla CEO, Elon Musk (L), and Nvidia CEO, Jensen Huang (R). Reuters In November 2023, at an all-hands meeting with employees, Nvidia CEO Jensen Huang was asked whether the company would follow the lead of Apple and Disney and suspend its advertising on X due to rising levels of antisemitism and other hate speech on… Continue reading Elon Musk companies are gobbling up Nvidia hardware even as Tesla aims to build rival supercomputer
Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond, police say
Angela Chao attends the AFI Awards Luncheon at Four Seasons Hotel Los Angeles at Beverly Hills on January 12, 2024 in Los Angeles, California. Frazer Harrison | Getty Images Foremost Group CEO Angela Chao was intoxicated when she accidentally drove her Tesla into a pond at a ranch she owned with her husband, venture capitalist… Continue reading Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond, police say
Why EVs are causing a tire boom
The business of tires has historically been marked by tight competition, low growth and slow margins. The total market value has remained around $50 billion in the past few years, and the overall market grows at a rate of about 2% per year, according to consultancy AlixPartners. But electric vehicles are presenting a whole new set… Continue reading Why EVs are causing a tire boom
Ferrari boss promises ’emotion’ won’t be lost in EV engine roar
A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari’s initial public offering in New York City on Oct. 21, 2015. Andrew Burton | Getty Images Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker’s new electric vehicle will offer drivers the same “unique” experience as its historic combustion… Continue reading Ferrari boss promises ’emotion’ won’t be lost in EV engine roar
Bentley delays all-EV plan amid changing market conditions, vehicle development challenges
Bentley Continental GTC Speed in Kingfisher. Adam Jeffery | CNBC Bentley Motors is pushing back its plans to exclusively offer all-electric vehicles by the end of this decade due to changing market conditions and a delay in its first EV. CEO Adrian Hallmark said the famed British luxury carmaker remains committed to carbon neutrality and… Continue reading Bentley delays all-EV plan amid changing market conditions, vehicle development challenges
China’s BYD pushes into emerging markets amid policy uncertainty in the U.S., Europe
BYD electric cars waiting to be loaded onto a ship are seen stacked at the international container terminal of Taicang Port in Suzhou, in China’s eastern Jiangsu province on February 8, 2024. STR | AFP | Getty Images In the race against Tesla for the global electric car market, Chinese automaker BYD is pushing hard… Continue reading China’s BYD pushes into emerging markets amid policy uncertainty in the U.S., Europe