Code Metal co-founders (L-R): SVP of technology Alex Showalter-Bucher, and CEO Peter Morales Courtesy Code Metal Inc. Peter Morales started Code Metal two years ago, jumping into the market for artificial intelligence coding tools at a time when AI companies were rapidly changing the market for software development. Now he’s got $36.5 million in the… Continue reading AI startup Code Metal is going beyond vibe coding with the help of $36 million in fresh capital
Author: CNBC Online news
Toyota opens new U.S. battery plant, confirms $10 billion in new investments
Toyota’s battery manufacturing plant in Liberty, North Carolina, US, on Wednesday, Nov. 12, 2025. Allison Joyce | Bloomberg | Getty Images Toyota Motor on Wednesday said it has started production at a new $13.9 billion battery plant in North Carolina and confirmed plans to invest up to $10 billion more than previously expected over the… Continue reading Toyota opens new U.S. battery plant, confirms $10 billion in new investments
Tesla investor support for Elon Musk’s massive pay plan was lower in 2025 than in 2018
Elon Musk, CEO of Tesla, speaks during the 2025 Annual Shareholder Meeting on Nov. 6, 2025. Courtesy: Tesla Tesla shareholders voted last week to give CEO Elon Musk a record pay package, one that could net him about $1 trillion in company stock over the next decade. But Musk received less support than he did for… Continue reading Tesla investor support for Elon Musk’s massive pay plan was lower in 2025 than in 2018
Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand
2027 Kia Telluride Kia DETROIT – Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a “new benchmark for the brand’s design and ambition.” The first-generation Telluride has been a standout success for the South Korean car brand since it launched in 2019, at many times ranking as one of… Continue reading Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand
Nexperia parent shares jump 6% as Beijing signals thaw in tensions with Netherlands
This photograph shows a general view of Nexperia headquarters in Nijmegen on November 6, 2025. John Thys | Afp | Getty Images Shares of Wingtech Technology, parent company of chipmaker Nexperia, extended gains on Monday after Beijing agreed to further talks with a Dutch delegation, easing concerns about a global auto supply crunch. Shanghai-listed Wingtech Technology… Continue reading Nexperia parent shares jump 6% as Beijing signals thaw in tensions with Netherlands
India’s auto sales just had a blowout month: Up 40% on festive demand, tax cuts
MUMBAI, INDIA – OCTOBER 18: On Dhanteras, auspicious day, many people purchased new vehicles at the Car Showroom in Thane, on October 18, 2025 in Mumbai, India. Hindustan Times | Hindustan Times | Getty Images India’s auto industry posted its strongest month on record in October, underscoring a sharp rebound in domestic consumption that could offset the… Continue reading India’s auto sales just had a blowout month: Up 40% on festive demand, tax cuts
Tesla says shareholders approve Musk’s $1 trillion pay plan with over 75% voting in favor
watch now Tesla said shareholders voted in favor of CEO Elon Musk’s almost $1 trillion pay plan, with 75% support among voting shares. Board members recommended shareholders approve the pay plan, which they introduced in September. Top proxy advisors Glass Lewis and ISS recommended voting against it. Results of the vote were announced on Thursday… Continue reading Tesla says shareholders approve Musk’s $1 trillion pay plan with over 75% voting in favor
Ford reportedly considers ending production of all-electric F-150 Lightning
The Ford Lightning is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Ford Motor is reportedly considering ending production of its all-electric F-150 Lightning pickup truck amid mounting losses and more challenging market conditions for EVs. The Wall Street Journal first reported the talks Thursday,… Continue reading Ford reportedly considers ending production of all-electric F-150 Lightning
AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion
watch now Metropolis, which uses AI and computer vision to identify vehicles and take parking lot payments without any physical transaction, has raised $1.6 billion in combined debt and equity in a new fundraising round at a $5 billion valuation. Already the largest parking lot network in the U.S., handling more than 7% of licensed… Continue reading AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion
CarMax stock falls 24% as CEO steps down, used car retailer releases weak outlook
A CarMax dealership in Santa Rosa, California, on April 11, 2023. Justin Sullivan | Getty Images DETROIT – Shares of CarMax Inc. fell 24% trading Thursday after the used car retailer announced a weak preliminary outlook for its current fiscal quarter and said CEO Bill Nash would be unexpectedly stepping down. The preliminary outlook for… Continue reading CarMax stock falls 24% as CEO steps down, used car retailer releases weak outlook