German Chancellor Olaf Scholz (SPD,l.), and Ola Källenius, Chairman of the Board of Management of Mercedes-Benz AG, visit the Mercedes stand during the opening of the IAA. Sven Hoppe | Picture Alliance | Getty Images MUNICH — The IAA Mobility motor show is taking place in Munich this week, and there is no shortage of… Continue reading From BMW to Porsche: Take a look at the cars on display at one of the world’s biggest auto shows
Author: CNBC Online news
UAW president calls GM offer with 10% pay increases ‘insulting’ ahead of strike deadline a week away
UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – General Motors on Thursday offered its largest four-year wage increase in decades as… Continue reading UAW president calls GM offer with 10% pay increases ‘insulting’ ahead of strike deadline a week away
Tesla to install charging stations at 2,000 Hiltons in North America
TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images Tesla plans to install 20,000 electric vehicle charging stations across 2,000 Hilton properties in the U.S., Mexico and Canada beginning next year, the companies said Thursday. For Tesla, the buildout of wall connectors is another way to… Continue reading Tesla to install charging stations at 2,000 Hiltons in North America
Tiny ‘bubble cars’ from the 1960s are making a comeback. Take a look at the latest electric versions
The Microlino electric vehicle on display at the IAA Mobility 2023 show in Munich, Germany. Arjun Kharpal | CNBC MUNICH — Tiny cars appear to be making a comeback. At the IAA motor show in Munich this week, there were a handful of small vehicles on display. They resembled the so-called microcars or “bubble cars”… Continue reading Tiny ‘bubble cars’ from the 1960s are making a comeback. Take a look at the latest electric versions
SpaceX is not yet cleared for another Starship Super Heavy test flight, FAA says
The Federal Aviation Administration said Wednesday that SpaceX is not yet clear for another test flight of its Starship Super Heavy launch vehicle. The Washington Post | The Washington Post | Getty Images The Federal Aviation Administration on Wednesday that SpaceX is not yet clear for another test flight of its Starship Super Heavy launch… Continue reading SpaceX is not yet cleared for another Starship Super Heavy test flight, FAA says
U.S. electric carmaker Lucid is exploring China entry; confirms mass market models ahead
The Lucid Air Midnight Dream Edition. Lucid MUNICH — Lucid is exploring selling its cars in China but has no timeline for when it will enter the world’s largest electric car market, a top executive told CNBC. The comments come after Lucid hired Zhu Jiang, a former executive at Chinese electric car start-up Nio. “Every… Continue reading U.S. electric carmaker Lucid is exploring China entry; confirms mass market models ahead
Biden hails West Coast dockworker union contract as possibility of UAW strike looms
The loading and unloading of cargo freighters has been suspended at all 29 U.S. West Coast ports this weekend because of chronic slowdowns on the docks that shippers and terminal operators have blamed on the dockworkers’ union, the companies said Friday. Bob Riha, Jr. | Reuters WASHINGTON — President Joe Biden celebrated the recent West Coast… Continue reading Biden hails West Coast dockworker union contract as possibility of UAW strike looms
Chinese EVs are now seen posing a ‘real threat’ to Europe’s auto industry
A BYD Co. Seal electric sedan during the media day for the Munich Motor Show (IAA) in Munich, Germany, on Monday, Sept. 4, 2023. Bloomberg | Bloomberg | Getty Images Chinese electric vehicles pose “a real threat” to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard. Kames spoke… Continue reading Chinese EVs are now seen posing a ‘real threat’ to Europe’s auto industry
Tesla rival Polestar plans own smartphone launch alongside its first electric SUV in China
A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images MUNICH — Swedish electric vehicle maker Polestar plans to launch a smartphone in December alongside deliveries… Continue reading Tesla rival Polestar plans own smartphone launch alongside its first electric SUV in China
Here’s how a union strike could impact Ford — and what Jim Cramer thinks about the stock
High-stakes negotiations between the United Auto Workers and Detroit automakers could lead to a strike later this month, putting added pressure on already beaten-down shares of Ford Motor (F). The risk of a walkout by the union has also created near-term uncertainty for General Motors (GM) and Stellantis (STLA) — the Dutch owner of the… Continue reading Here’s how a union strike could impact Ford — and what Jim Cramer thinks about the stock