Michael Wayland / CNBC DETROIT — Stellantis said Thursday it is resurrecting its popular V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer. The company discontinued the 5.7-liter engine amid tightening fuel economy regulations and a companywide push toward electric vehicles and more efficient engines last year under ex-Stellantis CEO Carlos… Continue reading Ram resurrects Hemi engine for popular pickup trucks in ‘Symbol of Protest’
Author: CNBC Online news
Tesla loses $152 billion in market cap after Musk-Trump spat, biggest hit ever
Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Shares of Tesla fell 14% on Thursday as President Donald Trump threatened to pull government contracts for CEO Elon Musk‘s companies, escalating a war of words… Continue reading Tesla loses $152 billion in market cap after Musk-Trump spat, biggest hit ever
Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — As China’s electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt… Continue reading Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
Auto industry sounds the alarm as China’s rare earth curbs start to bite
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters Automotive industry groups are increasingly worried about a rare earth shortage. Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to… Continue reading Auto industry sounds the alarm as China’s rare earth curbs start to bite
Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup
Nikesh Arora, CEO of Palo Alto Networks, appears on CNBC’s “Squawk Box” at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Nikesh Arora, the CEO of Palo Alto Networks, is joining Uber‘s board of directors, the company announced in a regulatory filing Wednesday. It comes amid a broader… Continue reading Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup
Nissan’s CEO on leading in chaos: Be fast and be flexible
If you’ve just taken the top job, Nissan’s new CEO Ivan Espinosa has some advice for you. Espinosa steps into the role at a turbulent time for the global auto industry — with slowing EV sales, intensifying competition from China, and new tariffs threatening profits. “Keep the optimism up, because the environment is very tough,… Continue reading Nissan’s CEO on leading in chaos: Be fast and be flexible
Nissan CEO says mega savings plan will fix the struggling automaker
Ivan Espinosa, chief executive officer of Nissan Motor Co., speaks during an interview at the company’s headquarters in Yokohama, Japan, on Thursday, May 15, 2025. Bloomberg | Bloomberg | Getty Images Nissan CEO Ivan Espinosa on Wednesday said the short-term focus is to fix the struggling automaker, as it undergoes major restructuring efforts to get… Continue reading Nissan CEO says mega savings plan will fix the struggling automaker
Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere
Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Tesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May.… Continue reading Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere
Ford reports 16% sales increase in May amid employee pricing, tariffs
watch now DETROIT — Ford Motor on Tuesday reported a 16.3% year-over-year U.S. sales increase for May, as the automaker continues an employee pricing program amid rising tariff costs and vehicle price increases. Sales for the Detroit automaker were led by a 17.2% increase in purchases of its vehicles with traditional internal combustion engines, as… Continue reading Ford reports 16% sales increase in May amid employee pricing, tariffs
Why Tesla sales are rebounding in Norway while Europe lags
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024. Jonathan Nackstrand | Afp | Getty Images Tesla‘s sale of new cars in Norway skyrocketed 213% in May from a year ago, according to… Continue reading Why Tesla sales are rebounding in Norway while Europe lags