A Volkswagen automobile assembly plant is seen on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT — Volkswagen workers in Chattanooga, Tennessee, will vote this week on whether to organize with the United Auto Workers in a key test of the union’s sway. A victory would give the UAW its first… Continue reading Volkswagen union vote in Tennessee to test UAW’s power after victories in Detroit
Author: CNBC Online news
Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs
Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024. Leon Neal | Getty Images Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and clean energy company. CEO Elon Musk thanked both departing execs on X, the… Continue reading Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs
Why Hawaii is becoming a leader in U.S. EV adoption
Customers admire a Tesla Model 3 electric vehicle at a Tesla store in Honolulu, Hawaii. Alex Tai | SOPA Images | Lightrocket | Getty Images U.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. The tropical island state this… Continue reading Why Hawaii is becoming a leader in U.S. EV adoption
Tesla slashes price of its premium driver assistance option by half in U.S.
Drivers charge their Teslas in Fountain Valley, CA, on Wednesday, March 20, 2024. Jeff Gritchen | Medianews Group | Getty Images Tesla said on Friday that it’s cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay… Continue reading Tesla slashes price of its premium driver assistance option by half in U.S.
90% of qualifying electric-vehicle buyers opt for $7,500 ‘new clean vehicle’ tax credit as upfront payment, Treasury says
Maskot | Maskot | Getty Images The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data. About 90% of consumers who qualify for a “new clean vehicle” tax credit —… Continue reading 90% of qualifying electric-vehicle buyers opt for $7,500 ‘new clean vehicle’ tax credit as upfront payment, Treasury says
Ford stock can go higher by taking a page of out Detroit rival GM’s playbook
Ford needs to close the gap with General Motors . We think Ford can do it by following GM’s lead on buybacks — plus, refining its mix of electric vehicles and hybrids as well as reining in warranty expenses. Shares of Club name Ford have gained about 7% year to date, lagging by far the… Continue reading Ford stock can go higher by taking a page of out Detroit rival GM’s playbook
Ford prepares to resume F-150 Lightning shipments, drops prices on some models
The F-150 Lightning on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DEARBORN, Mich. — Ford Motor is lowering the starting prices of some all-electric F-150 Lightning pickup trucks as it prepares to resume shipping the vehicles after quality issues. The included models are expected to ship… Continue reading Ford prepares to resume F-150 Lightning shipments, drops prices on some models
Why car insurance costs are skyrocketing and leading to higher inflation
RobertCrum | Getty Images DETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. On a monthly basis, car insurance prices as part of the consumer price index rose by an unadjusted 2.7%, while the… Continue reading Why car insurance costs are skyrocketing and leading to higher inflation
Toyota’s first new 4Runner SUV in 15 years will offer a hybrid engine
2025 Toyota 4Runner TRD Pro Toyota Toyota Motor revealed a new 4Runner SUV for the first time in nearly 15 years — completing a recent redesign of the automaker’s current trucks and SUVs. Aside from its new looks, which are similar to the recently redesigned Toyota Tacoma pickup, the 2025 4Runner will be offered with… Continue reading Toyota’s first new 4Runner SUV in 15 years will offer a hybrid engine
GM’s Cruise to relaunch vehicles with human drivers in Phoenix
A Cruise vehicle in San Francisco on Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images General Motors’ Cruise self-driving vehicle unit will redeploy cars on U.S. roadways Tuesday for the first time since October, beginning with a small fleet of human-driven vehicles in Phoenix, the company said. The relaunch comes after the… Continue reading GM’s Cruise to relaunch vehicles with human drivers in Phoenix