General Motors battery technician Steven Petty Jr. focuses on aligning electrodes on an anode sample for a prototype LMR battery cell in the making. Photo by Steve Fecht for General Motors WARREN, Mich. — General Motors expects to pioneer a new “groundbreaking” EV battery technology that the automaker says will reduce costs and boost profitability… Continue reading GM unveils new ‘groundbreaking’ EV battery tech, aims to be first to market
Author: CNBC Online news
Toyota reveals new name, upgraded tech for its sole U.S. EV
2026 Toyota bZ EV Toyota Toyota Motor on Tuesday revealed a redesigned version of its sole all-electric vehicle in the U.S., with a simplified name and notable increases in EV technologies and capabilities. The new name for the EV for the 2026 model year is the “bZ,” cut down from the “bZ4X.” Toyota says the… Continue reading Toyota reveals new name, upgraded tech for its sole U.S. EV
Honda Motor reports 76% plunge in operating profit in huge earnings miss
Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fiscal fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36… Continue reading Honda Motor reports 76% plunge in operating profit in huge earnings miss
GM hires ex-Tesla, Aurora exec as chief product officer
The 2026 Cadillac Vistiq EV. Cadillac DETROIT — General Motors has hired Sterling Anderson, a former Tesla executive and co-founder of autonomous vehicle company Aurora Innovation, as its chief product officer. In the newly created position, Anderson will oversee the “end-to-end product lifecycle for both gas- and electric-powered vehicles, including hardware, software, services, and user… Continue reading GM hires ex-Tesla, Aurora exec as chief product officer
Carvana’s record quarterly results top Wall Street expectations
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Here’s how the company performed… Continue reading Carvana’s record quarterly results top Wall Street expectations
Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due… Continue reading Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs
Uber misses revenue expectations with trips up 18% over last year
watch now Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. The company’s shares closed down 2.5%. Here’s how Uber did versus analysts’ estimates compiled by LSEG: Earnings per share: 83 cents vs. 50 cents expected. Revenue: $11.53 billion vs. $11.62 billion expected. Revenue at the ride-hailing… Continue reading Uber misses revenue expectations with trips up 18% over last year
SpaceX gets FAA permission for fivefold increase in Starship launches from Texas
The Super Heavy booster returns to its launch pad after the SpaceX Starship continued to space after it was launched on its eighth test at the company’s Boca Chica launch pad in Brownsville, Texas, U.S., March 6, 2025. Joe Skipper | Reuters SpaceX has been granted permission by the Federal Aviation Administration to launch and… Continue reading SpaceX gets FAA permission for fivefold increase in Starship launches from Texas
Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s expectations for the first quarter and confirmed its 2025 earnings targets, but negatively adjusted its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump‘s… Continue reading Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures
Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit
The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing… Continue reading Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit