Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — President Donald Trump on Tuesday signed an executive order softening some of the automotive tariffs his administration put… Continue reading Trump signs order easing some auto tariffs
Author: CNBC Online news
Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish kronor ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of… Continue reading Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
DETROIT — General Motors beat Wall Street’s first-quarter expectations but is reassessing its 2025 financial guidance and suspending any additional stock buybacks amid expected cost increases and industry uncertainty regarding Donald Trump‘s ongoing auto tariffs. Here’s how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: $2.78… Continue reading General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
California overhauling self-driving vehicle regulations governing Waymo, Tesla, Zoox and others
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images New rules for testing and deployment of self-driving vehicles are on the way in the state of California. The California DMV announced on Friday… Continue reading California overhauling self-driving vehicle regulations governing Waymo, Tesla, Zoox and others
Buy now, stock up or delay: Here’s what consumers are snapping up or putting off in face of tariffs
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas. Brandon Bell | Getty Images At car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have also replaced iPhones early. Yet when… Continue reading Buy now, stock up or delay: Here’s what consumers are snapping up or putting off in face of tariffs
Waymo reports 250,000 paid robotaxi rides per week in U.S.
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Alphabet reported Thursday that Waymo, its autonomous vehicle unit, is now delivering more than 250,000 paid robotaxi rides per week in the U.S. CEO Sundar Pichai said Waymo has options in terms of… Continue reading Waymo reports 250,000 paid robotaxi rides per week in U.S.
Trump considering exemption for automakers on some tariffs, White House says
People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty Images President Donald Trump is considering exemptions for automakers from some tariffs announced by his administration, the White House confirmed Wednesday to… Continue reading Trump considering exemption for automakers on some tariffs, White House says
Trump wants automakers to move vehicle production to the U.S. It’s not that simple
Ford Motor Company’s electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Jeff Kowalsky | AFP | Getty Images DETROIT – When President Donald Trump hinted last week at a reprieve from 25% auto tariffs, he suggested it would be to allow automakers more… Continue reading Trump wants automakers to move vehicle production to the U.S. It’s not that simple
Ford launches exclusive experience program for its priciest pickups
Ford is launching a program that aims to give its “Platinum Plus” pickup truck customers a more curated, exclusive experience. Michael Wayland / CNBC DEARBORN, Mich. — Ford Motor is launching a program that aims to give its most premium pickup truck customers a more curated, exclusive experience. The Detroit automaker’s new ownership experience is… Continue reading Ford launches exclusive experience program for its priciest pickups
5 quotes: Elon Musk on robotaxi timeline, Optimus robots, tariffs, energy and Tesla’s future
watch now Elon Musk tried to rally Tesla bulls Tuesday, brushing off a weak first-quarter earnings report and touting a future of “sustainable abundance.” Tesla missed expectations on the top and bottom lines and reported a 71% plunge in net income from the year prior. His comments came as the electric vehicle maker faces a… Continue reading 5 quotes: Elon Musk on robotaxi timeline, Optimus robots, tariffs, energy and Tesla’s future