The Chinese electric car manufacturer BYD presents its models at the Open Space Area during the IAA Mobility in Munich, Bavaria, Germany, on September 12, 2025. Eyeswideopen | Getty Images News | Getty Images BYD has a backup plan if it gets cut off from the Nvidia chips it currently uses in its cars, a… Continue reading Chinese EV giant BYD says it has a backup plan if it’s cut off from Nvidia chips
Author: CNBC Online news
Car shoppers — following one rule can help keep costs down, CFP says
Milorad Kravic | E+ | Getty Images When buying a car, whether new or used, experts say that a specific framework can be a great starting point to keep costs down. The so-called “20-4-10” rule uses three components to help you determine if a car purchase is affordable: the ideal down payment, the maximum recommended… Continue reading Car shoppers — following one rule can help keep costs down, CFP says
Why the rich are propping up car sales
Car prices are still hovering near all-time highs, but one of the main reasons is that automakers are stacking their lineups with high-end vehicles. As of August, the share of new cars sold over $50,000 was almost double what it was in 2019, according to Cox Automotive. There were about 33 models for sale with a… Continue reading Why the rich are propping up car sales
Hyundai outlines ambitious U.S. growth plans weeks after ICE immigration raid at battery plant
Jose Munoz, president and CEO, Hyundai Motor Company, speaks during a media tour and grand opening at the Hyundai Motor Group Metaplant America, March 26, 2025, in Ellabell, Ga. Mike Stewart | AP NEW YORK — Hyundai Motor reinforced aggressive growth plans Thursday through the end of the decade, despite lowering its profit outlook for… Continue reading Hyundai outlines ambitious U.S. growth plans weeks after ICE immigration raid at battery plant
Lyft shares pop on Waymo deal to bring robotaxis to Nashville next year
watch now Waymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the first time in a commercial deal to enter Nashville next year. Lyft stock climbed more than 10% on the news. Riders in Nashville will be able to hail a Waymo robotaxi… Continue reading Lyft shares pop on Waymo deal to bring robotaxis to Nashville next year
Waymo obtains permit to test robotaxis at San Francisco International Airport
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Alphabet-owned Waymo obtained a permit to start testing its robotaxis at San Francisco International Airport, San Francisco Mayor Daniel Lurie and the company announced Tuesday. Waymo will partner with the airport to roll out its commercial robotaxi service in phases,… Continue reading Waymo obtains permit to test robotaxis at San Francisco International Airport
Tesla’s stock erases loss for the year, soaring 85% from April low
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla’s shares have finally turned positive for the year. After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President… Continue reading Tesla’s stock erases loss for the year, soaring 85% from April low
‘Underwater’ car trade-ins are at a 4-year high: What that means when buying a new vehicle
Maskot | Maskot | Getty Images More drivers across the country are “underwater” or “upside down” on their auto loans — meaning they owe more money than the car is worth. That’s costing them when it comes time to buy a new car. About 26.6% of trade-ins toward new car purchases had negative equity in… Continue reading ‘Underwater’ car trade-ins are at a 4-year high: What that means when buying a new vehicle
Chinese EV players take fight to legacy European automakers on their home turf
Xpeng CEO He Xiaopeng speaks to reporters at the electric carmaker’s stand at the IAA auto show in Munich, Germany on September 8, 2025. Arjun Kharpal | CNBC Germany this week played host to one of the world’s biggest auto shows — but in the heartland of Europe’s auto industry, it was buzzy Chinese electric… Continue reading Chinese EV players take fight to legacy European automakers on their home turf
Ram cancels plans for all-electric pickup truck
Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at the Venetian Resort Las Vegas on Jan. 5, 2023. Ethan Miller | Getty Images Stellantis‘ Ram brand is canceling plans to develop a full-size electric Ram 1500 pickup truck, citing slowing demand… Continue reading Ram cancels plans for all-electric pickup truck