A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025. Carlos Osorio | Reuters DETROIT — General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out… Continue reading GM to take $1.6 billion charge related to EV pullback
Author: CNBC Online news
Musk calls for federal troops in San Francisco even as Benioff softens stance
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images As Salesforce welcomes tens of thousands of people to San Francisco for its annual Dreamforce conference, CEO Marc Benioff has found himself in the center of local controversy on… Continue reading Musk calls for federal troops in San Francisco even as Benioff softens stance
K-shaped cars: New vehicle prices top $50,000 while auto loan delinquencies keep rising
A salesperson (left) shows vehicles to a shopper at a Toyota dealership. Getty Images DETROIT — Look no further than the automotive industry for the latest indication that U.S. consumers could be facing a “K-shaped” economy, where the wealthy keep seeing gains while those who have lower incomes struggle. The average price paid for a… Continue reading K-shaped cars: New vehicle prices top $50,000 while auto loan delinquencies keep rising
Xiaomi shares see biggest drop since April after fatal EV crash sparks safety concerns
A Xiaomi electric car SU7 in a store in Yichang, Hubei Province, China on July 19, 2025. Cfoto | Future Publishing | Getty Images Chinese tech giant Xiaomi saw its shares fall over 5% on Monday, following reports that the doors of one of its electric vehicles failed to open after a fiery crash in… Continue reading Xiaomi shares see biggest drop since April after fatal EV crash sparks safety concerns
Apple nears deal to acquire talent and technology from computer vision startup Prompt AI
Apple CEO Tim Cook holds a next generation iPhone 17 during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images Apple is in late-stage talks to acquire top talent from computer vision startup Prompt AI, as well as the company’s technology, CNBC has learned. Leadership… Continue reading Apple nears deal to acquire talent and technology from computer vision startup Prompt AI
Tesla faces U.S. auto safety probe after reports FSD ran red lights, caused collisions
The tablet of the new Tesla Model 3. Matteo Della Torre | Nurphoto | Getty Images Tesla is facing a federal investigation into possible safety defects with FSD, its partially automated driving system that is also known as Full Self-Driving (Supervised). Media, vehicle owner and other incident reports to the National Highway Traffic Safety Administration… Continue reading Tesla faces U.S. auto safety probe after reports FSD ran red lights, caused collisions
Looking for high-risk, high-reward stocks? Check these 3 boxes to guide your search
In a stock market that has so clearly rewarded risk-takers, it can be easy to justify investing in high-flyers or speculating on potential disruptors. However, the potential for great reward always comes with great risk. That raises the question: How should investors go about making high-risk, high-reward bets in a smart way that may put… Continue reading Looking for high-risk, high-reward stocks? Check these 3 boxes to guide your search
Ferrari stock posts worst trading day ever as guidance disappoints
A worker on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Bloomberg | Bloomberg | Getty Images Shares of Ferrari posted their worst trading day ever on Thursday after the luxury carmaker updated its full-year and 2030 guidance and scaled back its electrification ambitions. Analysts… Continue reading Ferrari stock posts worst trading day ever as guidance disappoints
Auto giant shares tumble as European Union’s new steel tariffs spark industry panic
The BMW brand logo can be seen on the BMW four-cylinder (also known as the BMW tower and BMW high-rise), the main administration building and landmark of the vehicle manufacturer BMW. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s biggest carmakers traded lower Wednesday, amid concern that the European Union’s latest efforts… Continue reading Auto giant shares tumble as European Union’s new steel tariffs spark industry panic
Tesla prices Model Y standard below $40,000, debuting more affordable vehicle
A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023. Brandon Bell | Getty Images Tesla debuted more affordable versions of its popular Model Y SUV and Model 3 sedan on Tuesday. The Model Y standard variant is priced just below $40,000, according to Tesla’s website, and… Continue reading Tesla prices Model Y standard below $40,000, debuting more affordable vehicle