A BYD Denza Z9 GT electric car on display in Hong Kong in February 2025. Ucg | Universal Images Group | Getty Images BEIJING — Chinese electric car giant BYD is pushing ahead into Europe, launching its premium Denza brand in the region despite rising trade tensions. The first model, the Z9GT, is set to… Continue reading Chinese EV giant BYD expands in Europe with premium brand launch
Author: CNBC Online news
Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty Images DETROIT — Canada’s 25% auto tariffs took effect Wednesday on U.S.-produced vehicles and many parts in American cars and trucks, but the new levies differ in important… Continue reading Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.
Auto giants extend losses as Trump’s sweeping global tariffs take effect
A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a… Continue reading Auto giants extend losses as Trump’s sweeping global tariffs take effect
GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019. Rebecca Cook | Reuters DETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility, CNBC has learned. The Detroit… Continue reading GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
Drone delivery startup Zipline expands to Texas with Walmart partnership
A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Zipline, a startup that delivers everything from vaccines to ice cream via electric autonomous drones, expanded its service to the Dallas area on Tuesday through a partnership… Continue reading Drone delivery startup Zipline expands to Texas with Walmart partnership
GM reveals Corvette EV concept car as it reconfirms commitment to Europe
An angle view of the new Chevrolet Corvette concept car. GM DETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England. The car features a sleek, aerodynamic exterior that resembles a futuristic IMSA race car more than a traditional Corvette, but… Continue reading GM reveals Corvette EV concept car as it reconfirms commitment to Europe
Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, May 3, 2016. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk’s younger brother, Kimbal, took to the social network X on Monday to lambaste President Donald Trump’s tariffs, calling them a “structural, permanent tax… Continue reading Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’
Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices
A salesperson (left) shows vehicles to a shopper at a Toyota dealership. Getty Images DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump‘s 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive. The automotive data and advisory… Continue reading Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices
British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs
Vehicles outside a Land Rover dealership in Tucson, Arizona, US, on Tuesday, April 1, 2025. Bloomberg | Bloomberg | Getty Images British carmaker Jaguar Land Rover said it will pause U.S. shipments for a month as it assesses the impact of U.S. President Donald Trump‘s tariffs on vehicle imports. It comes as disruption from the… Continue reading British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs
Tesla’s June robotaxi deadline looms as political backlash builds over Elon Musk
Elon Musk has been promising investors for about a decade that Tesla’s cars are on the verge of turning into robotaxis, capable of driving themselves cross-country, after one big software update. That hasn’t happened yet. What Tesla offers is a sophisticated, but only partially automated, driving system that’s marketed in the U.S. as its Full… Continue reading Tesla’s June robotaxi deadline looms as political backlash builds over Elon Musk