Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025. Anna Moneymaker | Getty Images News | Getty Images A multitrillion-dollar tax package issued Monday by the Senate Finance Committee would offer a tax break for drivers on auto… Continue reading Senate GOP tax bill gives break on car loan interest — but not all vehicles qualify
Author: CNBC Online news
Waymo cars are coming to New York, but with a driver behind the wheel
Waymo driverless vehicles wait at a traffic light in Santa Monica, California, on May 30, 2025. Daniel Cole | Reuters Residents of New York City will soon start seeing Waymo cars cruising the avenues. But at least for now, a human will be in the driver’s seat. Alphabet‘s self-driving car unit announced on Wednesday that… Continue reading Waymo cars are coming to New York, but with a driver behind the wheel
Amazon’s Zoox boosts robotaxi production ahead of first commercial launch in Las Vegas
Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California. Zoox Amazon-owned autonomous vehicle startup Zoox on Wednesday opened a sprawling new manufacturing facility in the San Francisco Bay Area, paving the way for more robotaxi production as it plans a commercial rollout of its fleet later this year.… Continue reading Amazon’s Zoox boosts robotaxi production ahead of first commercial launch in Las Vegas
Stellantis’ Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan
Dodge Ram display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Ram Trucks plans to introduce an industry-leading warranty across its 2026 vehicle lineup this year as part of an 18-month turnaround plan for the Stellantis-owned brand. The warranty covers the engine, transmission, transfer… Continue reading Stellantis’ Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan
Tesla stock slips after report EV maker is pausing Cybertruck and Model Y production
A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares fell nearly 4% on Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas. The production… Continue reading Tesla stock slips after report EV maker is pausing Cybertruck and Model Y production
GM unveils quickest Corvette ever with ZR1X ‘hypercar’ going 0-60 mph in less than two seconds
2026 Chevrolet Corvette ZR1X with Carbon Aero package GM DETROIT — General Motors is once again expanding its Corvette lineup with a new high-performance, hybrid variant of the quintessential American sports car. The Detroit automaker on Tuesday revealed the 2026 Chevrolet Corvette ZR1X “hypercar” — a souped-up version of the Corvette E-Ray hybrid that went… Continue reading GM unveils quickest Corvette ever with ZR1X ‘hypercar’ going 0-60 mph in less than two seconds
Shares of Gucci-owner Kering pop 10% on reports Renault’s de Meo to be next CEO
A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC. Kevin Carter | Getty Images News | Getty Images Shares of French fashion house Kering popped as much as 10% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the… Continue reading Shares of Gucci-owner Kering pop 10% on reports Renault’s de Meo to be next CEO
Tesla faces protests in Austin over Musk’s robotaxi plans
Blythe Christopher attends a demonstration to protest Tesla robotaxis on June 12, 2025 in Austin, Texas. Todd Wiseman With Elon Musk looking to June 22 as his tentative start date for Tesla’s pilot robotaxi service in Austin, Texas, protesters are voicing their opposition. Public safety advocates and political protesters, upset with Musk’s work with the… Continue reading Tesla faces protests in Austin over Musk’s robotaxi plans
China’s tight grip on rare earths shows little sign of weakening
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s dominance of the global rare earths supply chain won’t dwindle easily, even if Beijing decides to approve more export licenses through deals with Europe and the U.S. Three Shenzhen-listed Chinese companies this… Continue reading China’s tight grip on rare earths shows little sign of weakening
India moves to tap its rare earth reserves. Experts say it could become an alternative to China
Indian Rare Earths extracts rare earth elements from beach sands in Kerala, India. Pallava Bagla | Corbis News | Getty Images India, like many countries, is grappling with Beijing’s restrictions on rare earth element (REE) exports — and it wants to develop its own domestic supplies. Experts say it could become an important alternative to… Continue reading India moves to tap its rare earth reserves. Experts say it could become an alternative to China