Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due… Continue reading Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Uber misses revenue expectations with trips up 18% over last year

watch now Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. The company’s shares closed down 2.5%. Here’s how Uber did versus analysts’ estimates compiled by LSEG: Earnings per share: 83 cents vs. 50 cents expected. Revenue: $11.53 billion vs. $11.62 billion expected. Revenue at the ride-hailing… Continue reading Uber misses revenue expectations with trips up 18% over last year

SpaceX gets FAA permission for fivefold increase in Starship launches from Texas

The Super Heavy booster returns to its launch pad after the SpaceX Starship continued to space after it was launched on its eighth test at the company’s Boca Chica launch pad in Brownsville, Texas, U.S., March 6, 2025.  Joe Skipper | Reuters SpaceX has been granted permission by the Federal Aviation Administration to launch and… Continue reading SpaceX gets FAA permission for fivefold increase in Starship launches from Texas

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s expectations for the first quarter and confirmed its 2025 earnings targets, but negatively adjusted its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump‘s… Continue reading Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing… Continue reading Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

Here are the SpaceX employees who were elected to run Musk’s new company town of Starbase, Texas

The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. The test will involve the return of Starship’s Super Heavy Booster to the launch site. Sergio Flores | Afp | Getty Images Over the weekend, Elon Musk got his new… Continue reading Here are the SpaceX employees who were elected to run Musk’s new company town of Starbase, Texas

Waymo plans to double robotaxi production at Arizona plant by end of 2026

A Waymo self-driving vehicle seen in Phoenix, Arizona, on Feb. 27, 2025. Leslie Josephs | CNBC Alphabet-owned Waymo and the auto manufacturing giant Magna International plan to double robotaxi production at their new plant in Mesa, Arizona, by the end of 2026, the companies announced Monday. The “Waymo Driver Integration Plant,” a 239,000 square foot facility… Continue reading Waymo plans to double robotaxi production at Arizona plant by end of 2026

Ford suspends 2025 guidance amid $2.5 billion tariff impact

The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Ford Motor beat Wall Street’s first-quarter expectations, but suspended its 2025 financial guidance amid an expected $2.5 billion impact this year from President Donald Trump‘s tariffs. The Detroit automaker said it expects to offset… Continue reading Ford suspends 2025 guidance amid $2.5 billion tariff impact

How Tesla lost some of its biggest fans

Tesla owners and investors once believed the company and CEO Elon Musk were changing the world. Now many are selling their cars and dumping stock. Musk has sparked protests in front of Tesla stores and service centers in response to his politics. Many owners are affixing bumper stickers on their Tesla vehicles that say things… Continue reading How Tesla lost some of its biggest fans

Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand

The “Saarinen Lobby” inside General Motors’ global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan. GM WARREN, Mich. — Walking into General Motors’ global design headquarters is like taking a step back in time. Much of the midcentury modern architecture and designs have remained untouched since the space opened… Continue reading Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand