A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A consortium led by automotive giant Toyota will receive millions in funding to develop a hydrogen fuel cell pickup truck in… Continue reading Toyota secures funding to develop hydrogen fuel cell version of its Hilux pickup in the UK
Author: CNBC Online news
Tesla CEO Elon Musk kicks off first Semi truck deliveries
Tesla CEO Elon Musk kicks off deliveries of the company’s heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada. Tesla Inc. Tesla CEO Elon Musk kicked off deliveries of the company’s first few production Semi trucks on Thursday, speaking on stage at the company’s factory in Sparks, Nevada, with Dan Priestly, the company’s senior… Continue reading Tesla CEO Elon Musk kicks off first Semi truck deliveries
How Google’s Waze has changed from its early days as car travel is remade
Waze app with icon showing police Source: Waze In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Nobody enjoys sitting in bumper-to-bumper traffic jams, getting an arrival time delayed due to street construction and gaining more road rage by the minute as a result.… Continue reading How Google’s Waze has changed from its early days as car travel is remade
Ford CEO surprised by F-150 Lightning backup power popularity. It’s a game changer
Ford CEO Jim Farley told Jim Cramer that the F-150 Lightning’s abilities as a source of backup power for homes and job sites have been a real “eye-opener” for the automaker. Farley was responding to an inquiry from the Club after Jefferies earlier this week downgraded generator mainstay Generac on the thought that electric vehicles… Continue reading Ford CEO surprised by F-150 Lightning backup power popularity. It’s a game changer
Tesla’s chief designer for the Cybertruck on working with Elon Musk and how his favorite design is one he can’t talk about yet
Franz von Holzhausen has been Tesla‘s chief designer since 2008. CNBC got a rare interview with him at the Petersen Automotive Museum in Los Angeles, which recently opened a new Tesla exhibit. Von Holzhausen was a lead designer on the Tesla Model S, Model 3, Model X and Model Y as well as the Cybertruck,… Continue reading Tesla’s chief designer for the Cybertruck on working with Elon Musk and how his favorite design is one he can’t talk about yet
Tesla recalls 435,000 cars in China over rear light issue and will issue software update
A Tesla store is seen in Shanghai, China, Feb 1, 2022. Costfoto | Future Publishing | Getty Images Tesla plans to recall more than 435,000 cars in China and issue software updates to fix a rear light issue, the Chinese market regulator said Thursday. A total of 142,277 Model 3 sedans and 292,855 Model Y… Continue reading Tesla recalls 435,000 cars in China over rear light issue and will issue software update
Why Wall Street’s bullish on 3 Club stocks Wednesday — and our take, too
Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple’s fiscal first quarter by 8 million units, citing persistent challenges at an assembly… Continue reading Why Wall Street’s bullish on 3 Club stocks Wednesday — and our take, too
Elon Musk has criticized Apple for years. Apple has mostly ignored him
Anadolu Agency | Anadolu Agency | Getty Images Tesla and SpaceX CEO Elon Musk, who is also the new owner and CEO of Twitter, bashed Apple this week after claiming the company has threatened to remove the Twitter app from its App Store, accusing the company of hating “free speech.” The Twitter app is still… Continue reading Elon Musk has criticized Apple for years. Apple has mostly ignored him
China EV maker XPeng pops 45% despite posting wider than expected loss; deliveries expected to fall
XPeng has been dealing with rising material costs, which forced the company to hike the price of its cars earlier this year. Chen Yihang | Visual China Group | Getty Images Chinese electric carmaker XPeng posted a wider than expected loss and its revenue fell short of expectations — thanks to supply chain issues, rising… Continue reading China EV maker XPeng pops 45% despite posting wider than expected loss; deliveries expected to fall
Tesla is still dominant, but its U.S. market share is eroding as cheaper EVs arrive
A Tesla Model 3 vehicle is on display at the Tesla auto store on September 22, 2022 in Santa Monica, California. Tesla is recalling over 1 million vehicles in the U.S. because the windows can pinch a persons fingers while being rolled up. Allison Dinner | Getty Images Tesla is still the top-selling electric vehicle… Continue reading Tesla is still dominant, but its U.S. market share is eroding as cheaper EVs arrive