A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco. Heather Somerville | Reuters A Cruise self-driving car was involved in a crash with a San Francisco Fire Department truck just one week after California regulators approved 24/7 robotaxi service in San Francisco. The incident… Continue reading Cruise robotaxi gets in accident with San Francisco fire truck, one injured
Author: CNBC Online news
Automakers are finally embracing lidar sensors. A few startups look like market-share winners
A Hesai lidar sensor on top of a vehicle in Shenzhen, China, July 10, 2022. Jade Gao | AFP | Getty Images For investors in lidar startups, this has been a long time coming. After years of talk — and a SPAC boom in the sensor sector — automakers have finally started incorporating lidar units… Continue reading Automakers are finally embracing lidar sensors. A few startups look like market-share winners
Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric… Continue reading Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit with Sen. Bernie Sanders, of Vermont, far left, Sept. 25, 2019. Michael Wayland | CNBC DETROIT – If the United Auto Workers union decides to strike against Detroit’s Big Three automakers when current labor contracts expire next month, the economic… Continue reading Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
Tesla makes further price cuts in China, reducing models S and X by $7,400 to $8,500
Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. Florence Lo | Reuters Tesla on Wednesday slashed the price of the existing inventory of its Model S and Model X cars in China, as the… Continue reading Tesla makes further price cuts in China, reducing models S and X by $7,400 to $8,500
General Motors is investing in a startup working on better and cheaper EV batteries
Sales of the sub-$30,000 Chevy Bolt, being assembled here in Orion Township, Michigan, allowed GM to recently pass Ford as a distant No. 2 behind Tesla in EVs. Future low-cost GM EVs could benefit from the batteries being developed by Mitra Chem. Joe White | Reuters General Motors said Wednesday it’s leading a $60 million… Continue reading General Motors is investing in a startup working on better and cheaper EV batteries
Roundabouts are safer than traffic lights. So why are there so few in the U.S.?
Consider the simple roundabout — a traffic circle well known in Europe but less familiar across most of America. Proponents say roundabouts can dramatically reduce crashes, injuries and deaths, can improve traffic and even save a city a fair bit of money. But they have only recently caught on in the U.S., and not without… Continue reading Roundabouts are safer than traffic lights. So why are there so few in the U.S.?
Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut
BANGKOK, THAILAND – 2023/05/18: VinFast displays its vehicles at Future Energy Asia Exhibition 2023 at Queen Sirikit National Convention Center. Nathalie Jamois | Lightrocket | Getty Images VinFast‘s shares jumped after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers such as Ford, GM, BMW and Volkswagen. On… Continue reading Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut
Jim Cramer worries about a UAW union strike at Ford. Here’s how we’re playing the stock
Jim Cramer is cautious about Ford (F) due to the heightened risk of a United Auto Workers strike, which has been a recent overhang on the Club stock. But, Jim is encouraged by the automaker’s electric vehicle efforts and its embrace of other emerging technologies. UAW strike concerns Ford shares had seen a nice rally… Continue reading Jim Cramer worries about a UAW union strike at Ford. Here’s how we’re playing the stock
Tesla launches lower-range Model X and Model S that are $10,000 cheaper
TESLA logo on a charging station at on May 26, 2023 in Merklingen, Germany. Harry Langer/ | Defodi Images | Getty Images Tesla rolled out cheaper versions of its Model S and Model X vehicles in the U.S. as competition in the electric vehicle space continues to ramp up. The lower-cost versions of both vehicles… Continue reading Tesla launches lower-range Model X and Model S that are $10,000 cheaper