Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. Benjamin Girette | Bloomberg | Getty Images French automaker Renault is partnering with Google to develop its cars like a tech company makes software.… Continue reading Renault and Google team up to develop a ‘software defined’ vehicle
Author: CNBC Online news
Lordstown aims to boost EV production with Foxconn investment, seeks new automaker partner
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plans to deliver the first examples of its Endurance pickup truck before the end of the year, the company said Tuesday, a day after it announced a… Continue reading Lordstown aims to boost EV production with Foxconn investment, seeks new automaker partner
From Teslas to BMWs, cars are piling up on land and at sea in German port of Bremerhaven
Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combination of the lack of drivers to move containers and cars out of the port and high volumes of regular trade is… Continue reading From Teslas to BMWs, cars are piling up on land and at sea in German port of Bremerhaven
Carvana stock tanks in continued sell-off
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Carvana plummeted for a second-consecutive trading day as investors unloaded shares of the embattled used-vehicle seller amid growing challenges for the company and a softening for the industry. The stock ended the trading day off… Continue reading Carvana stock tanks in continued sell-off
Lidar makers Ouster and Velodyne agree to merge
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar makers Ouster and Velodyne have agreed to merge, combining roughly… Continue reading Lidar makers Ouster and Velodyne agree to merge
Cramer: Why tech can’t find a bottom as other parts of the market show signs of life
Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to know no bounds, as we mark one year ago this month since the Nasdaq last closed at a record high. (To… Continue reading Cramer: Why tech can’t find a bottom as other parts of the market show signs of life
Tesla stock has dropped 35% since Elon Musk first said he’d buy Twitter
Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Since Tesla CEO Elon Musk announced his bid to buy social network Twitter, shares in his electric vehicle maker… Continue reading Tesla stock has dropped 35% since Elon Musk first said he’d buy Twitter
Carvana stock posts worst day ever as outlook darkens for used vehicle market
Source: NYSE Shares of Carvana posted their worst day on record Friday after the company missed Wall Street’s top- and bottom-line expectations for the third quarter as the outlook for used cars falls from record demand, pricing and profits during the coronavirus pandemic. The stock cratered 39% to end the day at $8.76 a share… Continue reading Carvana stock posts worst day ever as outlook darkens for used vehicle market
Here’s how Twitter and Elon Musk can prevent racist ‘raids’ on the social network
In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images When Tesla and SpaceX CEO Elon Musk took over at Twitter, showing up at headquarters… Continue reading Here’s how Twitter and Elon Musk can prevent racist ‘raids’ on the social network
Carvana tumbles after posting declines in nearly every aspect of the car reseller’s business
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana fell in extended trading Thursday after the online used car retailer missed Wall Street’s top- and bottom-line expectations for the third quarter and reported declines in revenue, profit and sales compared with a year earlier. The stock fell by more than 7% during after-hours… Continue reading Carvana tumbles after posting declines in nearly every aspect of the car reseller’s business