Guests enjoy the Fortune Global Forum 2025 Gala Dinner on October 26, 2025 at Diriyah Gate, Riyadh, Saudi Arabia. Cedric Ribeiro | Getty Images Entertainment | Getty Images Mining executives have welcomed a sharp upswing in investor interest from the Middle East, as Gulf states seek to expand their critical mineral ambitions and take on… Continue reading Mining execs embrace ‘phenomenal’ rare earths interest from the Middle East
Author: CNBC Online news
Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says
watch now Shareholders must vote to pay Tesla CEO Elon Musk almost $1 trillion, or he might not stay, Board Chair Robyn Denholm warned in a letter Monday. “Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become,” Denholm wrote ahead of Tesla’s annual… Continue reading Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says
GM lays off more than 200 salaried workers in latest round of job cuts
The headquaters of US auto company General Motos (GM) in Detroit, Michigan. Uli Deck | Picture Alliance | Getty Images DETROIT – General Motors laid off more than 200 salaried employees on Friday, as the automaker continues to reevaluate its businesses and cut costs to boost profits. The impacted employees were largely Computer-Aided Design, or… Continue reading GM lays off more than 200 salaried workers in latest round of job cuts
Ford beats on earnings but lowers 2025 guidance after supplier fire
A Ford logo on a Ford F-150 pickup truck for sale in Encinitas, California, U.S. Oct. 20, 2025. Mike Blake | Reuters DETROIT – Ford Motor beat Wall Street’s third-quarter earnings expectations but lowered its 2025 guidance due to impacts of a supplier fire, which is disrupting production of its highly profitable large trucks and… Continue reading Ford beats on earnings but lowers 2025 guidance after supplier fire
Rivian laying off more than 600 workers
A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive is laying off roughly 4.5% of its workforce as the all-electric vehicle maker faces growing market challenges, according to a note… Continue reading Rivian laying off more than 600 workers
Sweden’s Volvo Cars sees best trading day ever as profit tops expectations
Mikael Sjoberg | Bloomberg | Getty Images Sweden’s Volvo Cars on Thursday posted stronger-than-expected third-quarter profit, prompting shares to rally by around 40% and driving the stock to its best-ever trading day. Volvo Cars, which is owned by China’s Geely Holding, posted operating income for the July-September period of 6.4 billion Swedish kronor ($680.4 million),… Continue reading Sweden’s Volvo Cars sees best trading day ever as profit tops expectations
CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs
Consumers with the Tesla Model Y L electric vehicle in Tesla stores in Shanghai, China on October 19, 2025. CFOTO | Future Publishing | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today There are generally two ways for a company to increase its profit: increasing sales or cutting… Continue reading CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs
‘Europe’s Detroit’ is losing its shine as an automotive powerhouse
A Kia Sportage automobile in the quality control inspection area at the Kia Slovakia sro plant in Zilina, Slovakia, on Friday, Oct. 27, 2023. Bloomberg | Bloomberg | Getty Images Slovakia, a small landlocked country in the heart of Europe, faces a perfect storm as it seeks to protect its enviable automotive reputation. From the… Continue reading ‘Europe’s Detroit’ is losing its shine as an automotive powerhouse
Tesla reports revenue growth after two down quarters. Why the stock is falling
Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images Tesla reported a 12% increase in third quarter revenue on Wednesday following two straight… Continue reading Tesla reports revenue growth after two down quarters. Why the stock is falling
GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028
Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City. Dia Dipasupil | Getty Images NEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google… Continue reading GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028