A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. The update comes shortly… Continue reading Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption
Author: CNBC Online news
Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up
Chinese tech company Baidu announced Wednesday its Apollo Go robotaxi arm has entered a strategic partnership with PostBus in Switzerland. Baidu BEIJING — Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads. The company’s Apollo Go… Continue reading Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up
Take Back Tesla campaign urges shareholders to reject Musk $1 trillion pay plan
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC A day ahead of Tesla’s quarterly earnings report, a coalition of unions and corporate watchdogs wants investors to focus their attention on matters of governance. On Tuesday, a group that includes the American Federation of Teachers and Public Citizen launched a website for… Continue reading Take Back Tesla campaign urges shareholders to reject Musk $1 trillion pay plan
GM expects next year’s results to top 2025 earnings
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors CFO Paul Jacobson on Tuesday said the company expects earnings next year to top its 2025 results, which have performed far better than Wall Street’s expectations. Investors had… Continue reading GM expects next year’s results to top 2025 earnings
China says U.S. and Australia ‘should play a proactive role’ to bolster rare earths supply chains
FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters China on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains. A spokesperson… Continue reading China says U.S. and Australia ‘should play a proactive role’ to bolster rare earths supply chains
GM stock soars 15% as automaker raises guidance, beats Q3 earnings
A General Motors Co. Chevrolet Silverado truck at a dealership in Upland, California, US, on Wednesday, Oct 15, 2025. Kyle Grillot | Bloomberg | Getty Images DETROIT — General Motors raised its 2025 financial guidance Tuesday after beating Wall Street’s top- and bottom-line earnings expectations for the third quarter, while lowering its expected impact from… Continue reading GM stock soars 15% as automaker raises guidance, beats Q3 earnings
Why EVs lose value faster than gas cars and why that could be changing
Electric vehicles are cheaper to maintain than cars with internal combustion engines, but they tend to lose money — fast. It varies by model, but in general EVs depreciate by 13% more over a five-year period than the overall market, and some plummet in value even more rapidly, according to iSeeCars, which tracks the used… Continue reading Why EVs lose value faster than gas cars and why that could be changing
Cost and chaos continue to test resiliency of U.S. auto industry
A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — “A lot of cost and a lot of chaos.” That’s how Ford Motor CEO Jim Farley described the state of the automotive industry earlier this year amid geopolitical tensions, tariffs, inflation and other disruptions. All those factors created… Continue reading Cost and chaos continue to test resiliency of U.S. auto industry
Proxy advisor ISS recommends Tesla shareholders oppose Elon Musk $1 trillion pay plan
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Top proxy advisor Institutional Shareholder Services is recommending that Tesla investors vote against a pay plan for CEO Elon Musk that would grant him nearly $1 trillion more… Continue reading Proxy advisor ISS recommends Tesla shareholders oppose Elon Musk $1 trillion pay plan
Trump says he’ll think about Kremlin’s Russia-Alaska tunnel pitch
Zoom In Icon Arrows pointing outwards Kremlin envoy proposes ‘Putin-Trump tunnel’ to link Russia and U.S. Reuters President Donald Trump said Friday that a Russian proposal for Elon Musk and his tunneling business, the Boring Company, to build an undersea rail tunnel through the Bering Strait was “interesting” and he’d have to think about it.… Continue reading Trump says he’ll think about Kremlin’s Russia-Alaska tunnel pitch