watch now Amazon next year will allow auto dealers to sell cars through its site, starting with South Korean automaker Hyundai, the company said Thursday. The company has slowly muscled its way into the car-buying business over the years, launching digital showrooms on its site for shoppers to research and compare vehicles, but not purchase… Continue reading Amazon will allow auto dealers to sell cars on its site, starting with Hyundai
Author: CNBC Online news
Elon Musk boosts antisemitic tweet, claims ADL and other groups push ‘anti-white’ messaging
Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Tesla, SpaceX, and X Corp. leader Elon Musk issued a spate of arguably bigoted tweets on Wednesday that spurred… Continue reading Elon Musk boosts antisemitic tweet, claims ADL and other groups push ‘anti-white’ messaging
GM union workers ratify UAW deal following contentious vote
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors union workers ratified a record deal with the United Auto Workers after a contentious final few days of voting, according to results posted Thursday morning by the… Continue reading GM union workers ratify UAW deal following contentious vote
GM-UAW deal back on track for ratification after major plant approves pact
United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker’s full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023. James Breeden | Reuters DETROIT — The United Auto Workers’ tentative agreement with General Motors is back on track for ratification after… Continue reading GM-UAW deal back on track for ratification after major plant approves pact
Here’s why the UAW’s record deals with GM, Ford and Stellantis aren’t getting full support
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty Images DETROIT – The United Auto Workers achieved record contracts with the Detroit automakers following contentious talks and roughly six weeks of… Continue reading Here’s why the UAW’s record deals with GM, Ford and Stellantis aren’t getting full support
Donating a used car may serve as a charitable gift this holiday season — but it’s unlikely to benefit your taxes
Person holding car key. Manusapon Kasosod | Moment | Getty Images Donating your used car to a charity may bring you joy for helping another person in need, especially as prices for both new and used cars remain high. However, don’t expect the move to make a huge difference in your taxes, experts say. That’s… Continue reading Donating a used car may serve as a charitable gift this holiday season — but it’s unlikely to benefit your taxes
Fisker shares sink 18% after EV maker discloses ‘material weaknesses’ in financial reporting
Fisker Inc. officially revealed the Fisker Ocean all-electric luxury crossover at CES 2020 in Las Vegas. Shares of electric vehicle startup Fisker sank Tuesday after a disappointing earnings report and a regulatory filing that raised concerns about the company’s previous financial statements. The company’s shares fell more than 18% to close at $3.34 apiece. Fisker… Continue reading Fisker shares sink 18% after EV maker discloses ‘material weaknesses’ in financial reporting
Fisker reports wider-than-expected losses, underwhelming deliveries for the third quarter
Fisker began deliveries of its battery-electric Ocean SUV in the second quarter of 2023. Courtesy: Fisker Electric vehicle startup Fisker on Monday reported a third-quarter loss that was wider than Wall Street expected, and said it delivered only about 1,100 Ocean electric SUVs in the third quarter. But, it said, deliveries have accelerated since quarter-end,… Continue reading Fisker reports wider-than-expected losses, underwhelming deliveries for the third quarter
Stellantis offers buyouts to roughly half of U.S. salaried workers
Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT – Chrysler-parent Stellantis is offering buyouts to roughly half of its U.S. white-collar employees to reduce headcount and cut costs for the automaker’s… Continue reading Stellantis offers buyouts to roughly half of U.S. salaried workers
Startup Li Auto is beating Tesla China’s EV sales
Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association. Nurphoto | Getty Images BEIJING — Chinese startup Li Auto sold more cars than Tesla’s China business did in October, according to the China Passenger Car Association. The startup sold a record… Continue reading Startup Li Auto is beating Tesla China’s EV sales