GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market… Continue reading GM can regain market share in China after hitting 20-year low, executive says
Author: CNBC Online news
Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15. Go to Source
Tesla must provide NHTSA with Autopilot recall data by July or face up to $135 million in fines
Tesla vehicles sit on the lot at a Tesla dealership in Austin, Texas, on April 15, 2024. Brandon Bell | Getty Images The National Highway Traffic Safety Administration is pressing Tesla for answers about changes the company made to its Autopilot driver assistance system following a voluntary software recall in December that affected about 2… Continue reading Tesla must provide NHTSA with Autopilot recall data by July or face up to $135 million in fines
Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
Robyn Denholm, chairman of Tesla Inc., speaks during an American Chamber of Commerce in Australia event in Sydney, Australia, on Wednesday, March 27, 2019. Brendon Thorne | Bloomberg | Getty Images Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing… Continue reading Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors CEO Mary Barra has been aggressive in exiting unprofitable or underperforming markets over the past decade,… Continue reading U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
China’s automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
Chinese new energy vehicle giant shows off the latest version of its Han electric sedan at the Beijing auto show on April 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can’t afford to take it easy in the country’s electric car boom if they want to survive.… Continue reading China’s automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
Don’t rate Tesla’s Full Self Driving too highly, tech investor says: ‘By no means autonomous driving’
People are shopping at a Tesla store in Shanghai, China, on Feb. 17, 2024. Costfoto | Nurphoto | Getty Images News of electric car giant Tesla’s progress toward rolling out its advanced driver-assistance feature in China isn’t as groundbreaking as investors are treating it, according to a top tech investor. Mark Hawtin, GAM Investment Management’s investment… Continue reading Don’t rate Tesla’s Full Self Driving too highly, tech investor says: ‘By no means autonomous driving’
Shares of Nio soar more than 20% as EV deliveries more than double in April
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped… Continue reading Shares of Nio soar more than 20% as EV deliveries more than double in April
Carvana shares spike 30% as used car retailer posts record first quarter
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record quarterly results and turned a profit during the first quarter. Here is how the company performed in the… Continue reading Carvana shares spike 30% as used car retailer posts record first quarter
To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. — Ford Motor is launching a new training program for more than 3,000 U.S. franchised dealers on Wednesday that uses artificial intelligence for employee coaching evaluations and emulates Netflix and YouTube interfaces more than the automaker’s traditional… Continue reading To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education