A United Auto Worker member leaves the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift on May 18, 2020 in Warren, Michigan. Gregory Shamus | Getty Images A global shortage of semiconductor chips is forcing Stellantis to temporally close five North American plants starting next week, the company confirmed Friday afternoon. The… Continue reading Jeep, Dodge maker Stellantis temporarily closing five North American plants due to chip shortage
Author: CNBC Online news
Chinese electric car start-up Nio shuts factory for 5 days due to global chip shortage
Employees make checks at an inspection line during a media tour of the Nio Inc. production facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Nio said Friday it is shutting a factory for five days due to the global… Continue reading Chinese electric car start-up Nio shuts factory for 5 days due to global chip shortage
VW expects half of U.S. sales to be electric vehicles by 2030
Volkswagen’s ID Buzz vehicle. Aeva Volkswagen is accelerating its plans for all-electric vehicles in a bid to become “the world’s most desirable brand for sustainable mobility,” a title arguably already owned by Tesla. The German automaker Friday morning said more than 70% of its Volkswagen brand’s European sales will be EVs by 2030, up from… Continue reading VW expects half of U.S. sales to be electric vehicles by 2030
Online car seller Vroom promises torture-free car buying in first Super Bowl ad
Used car retailer Vroom purchases and sells vehicles online without requiring consumers to go into a physical dealership. Screenshot Online used car retailer Vroom is buying its first Super Bowl airtime Sunday to introduce the company to the roughly 100 million fans that watch the game every year — and to make fun of its… Continue reading Online car seller Vroom promises torture-free car buying in first Super Bowl ad
Tesla engineering director Joseph Mardall leaves for drone start-up Zipline
Low-angle view of the facade of Tesla Motors dealership with logo and sign in Pleasanton, California, July 23, 2018. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/Gado An influential engineering director at Tesla, Joe Mardall, has resigned his position at the automaker to become head of engineering at Zipline, according to his own LinkedIn profile. Zipline… Continue reading Tesla engineering director Joseph Mardall leaves for drone start-up Zipline
Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up
A car equipped with WeRide autonomous driving technology in Guangzhou, China. WeRide GUANGZHOU, China — Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number… Continue reading Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up
Canadian EV maker eyes American school bus market as Biden term nears
A Canadian electric vehicle maker is eyeing factory space in the United States as the company looks to capitalize on the electrified future that President-elect Joe Biden has laid out in his agenda. Lion Electric, the electric school bus manufacturer set to go public in months through a blank-check merger, plans to open an American… Continue reading Canadian EV maker eyes American school bus market as Biden term nears
Daimler’s Mercedes-Benz triples its electric car sales as CEO predicts a ‘transformative’ decade
Sebastian Gollnow | picture alliance | Getty Images The CEO of Daimler emphasized the importance of low-emission technologies and innovation on Friday, telling CNBC that the automotive industry was “in the middle of a transformation.” “Next to the things that we know well — to build, frankly, the world’s most desirable cars — there are… Continue reading Daimler’s Mercedes-Benz triples its electric car sales as CEO predicts a ‘transformative’ decade
Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space
GUANGZHOU, China — Chinese search giant Baidu will create a standalone electric vehicle company, a person familiar with the matter told CNBC. The Beijing-headquartered company will be the majority shareholder while Chinese automaker Geely will take a minority stake, the person said. Geely will be responsible for manufacturing the vehicles while Baidu will focus on… Continue reading Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space
GM leads $23 million investment in on-demand vehicle maintenance service Yoshi
GM Ventures is leading a $23 million investment round into on-demand car maintenance service Yoshi. Yoshi General Motors is leading a $23 million funding round for an on-demand car maintenance service called Yoshi. It’s the second time GM’s venture capital arm has invested in the Silicon Valley start-up since 2018. The Series B funding round… Continue reading GM leads $23 million investment in on-demand vehicle maintenance service Yoshi