Vay operates what’s called a “teledriving” service, where a car is driven remotely by a human rather than by a computer. Vay German startup Vay on Wednesday launched its so-called “teledriving” solution in the U.S. for the first time, putting the company into direct competition with more richly funded and valuable American firms in the… Continue reading This startup has a different take on driverless cars. Now it’s launching in the U.S.
Author: CNBC Online news
Cars are one of the few purchases Gen Z is reluctant to make online. Here’s why that can be smart
Momo Productions | Digitalvision | Getty Images Growing up in the age of the internet and technology, online shopping is second nature for Gen Zers. One-third, 32%, of Gen Z consumers shop online at least once a day, according to data from marketing firm Tinuiti. Yet, 80% of Gen Z drivers prefer to buy a… Continue reading Cars are one of the few purchases Gen Z is reluctant to make online. Here’s why that can be smart
Tesla slashes car prices across Europe after similar cuts in China
Tesla Model Y, equipped with FSD system. Three front facing cameras under windshield near rear view mirror. Mark Leong | The Washington Post | Getty Images Tesla on late Tuesday trimmed prices for its Model Y cars across several countries in Europe, a week after announcing similar price cuts for its Model 3 and Model… Continue reading Tesla slashes car prices across Europe after similar cuts in China
China’s BYD launches AI-powered smart car technology to better compete with rivals
Visitors look at an BYD Seal U electric car of Chinese car brand BYD at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Images News | Getty Images BYD launched its AI-powered smart car system on Tuesday as the world’s largest electric car maker seeks… Continue reading China’s BYD launches AI-powered smart car technology to better compete with rivals
Classic car auction site Bring a Trailer sales hit record $1.4 billion even as prices drop
1967 Porsche 910 Source: Bringatrailer.com Bring a Trailer, the popular online auction site for collectible cars, posted record sales in 2023, even as classic-car prices hit the skids. Bring a Trailer’s sales increased about 2% last year to over $1.4 billion from $1.35 billion in 2022, according to the company’s CEO Randy Nonnenberg. Bring a… Continue reading Classic car auction site Bring a Trailer sales hit record $1.4 billion even as prices drop
Elon Musk wants more control of Tesla, seeks 25% voting power
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty Images Tesla and SpaceX CEO Elon Musk, who also owns the social network X (formerly known as… Continue reading Elon Musk wants more control of Tesla, seeks 25% voting power
10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will bring new tests
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for… Continue reading 10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will bring new tests
Ford could do 2 things to really shine in a challenging 2024 for the auto industry
A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The NYIAS returns after being cancelled for two years due to the Covid-19 pandemic. Michael Nagle | Bloomberg | Getty Images Go to Source
Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas
A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021. Brendan Mcdermid | Reuters Hertz surprised many onlookers last week when the car-rental company announced it would be selling about a third of its global electric vehicle… Continue reading Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas
Tesla stock down on Red Sea delays, rising labor costs and price cuts
An employee of the Tesla Gigafactory Berlin-Brandenburg works on a production line of a Model Y electric vehicle. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla closed down more than 3% Friday as the stock faced pressure from supply chain delays due to a crisis in the Red Sea, and after offering… Continue reading Tesla stock down on Red Sea delays, rising labor costs and price cuts