Jim Farley, president and chief executive officer of Ford Motor Co., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — “A lot of surprises.” That’s how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he… Continue reading Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
Author: CNBC Online news
Ford CEO expects EV sales to be cut in half after end of tax credits
Ford Motor Company CEO Jim Farley speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.… Continue reading Ford CEO expects EV sales to be cut in half after end of tax credits
Exclusive: Hertz will let customers do entire car buying process online
Rental company Hertz said Tuesday it is updating its online shopping website to allow customers to secure financing, get a trade-in offer and do just about everything else a buyer would need to purchase a vehicle. The move is a significant step for Hertz’s online retail presence. Previously, the company’s HertzCarSales.com website had only offered… Continue reading Exclusive: Hertz will let customers do entire car buying process online
Why the Hertz-Amazon deal poses threats to auto dealers
The recently announced partnership between Hertz and Amazon Autos will make it easier for rental car companies to offload their own cars directly to consumers, but it could cut into a historical source of profit for car dealerships, auto industry analysts said. The announcement that the car rental company would be teaming up with the… Continue reading Why the Hertz-Amazon deal poses threats to auto dealers
What’s the ‘natural demand’ for EVs in the U.S.? We’re about to find out
A view of Cadillac Escalade IQ Sport 2 at Electrify Expo San Francisco, the largest electric vehicles (EV) event in North America at Alameda Point in Alameda, California, United States on Aug. 23, 2025. Tayfun Coskun | Anadolu | Getty Images DETROIT — Automakers and investors are about to find out what the “natural demand”… Continue reading What’s the ‘natural demand’ for EVs in the U.S.? We’re about to find out
Musk, Thiel, Bannon named in partially redacted Epstein documents released by Democrats
Charges against Jeffrey Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors. Stephanie Keith | Getty Images News | Getty Images Elon Musk, Peter Thiel and former Trump White… Continue reading Musk, Thiel, Bannon named in partially redacted Epstein documents released by Democrats
Ahead of EV tax credit deadline, IRS delays create ‘anxiety’ for car dealers
Internal Revenue Service headquarters on April 30, 2025, in Washington, DC. J. David Ake | Getty Images News | Getty Images The Internal Revenue Service has been slow in recent weeks to approve and pay federal tax credits for electric vehicles, according to auto dealers and industry analysts — creating confusion for car dealers and… Continue reading Ahead of EV tax credit deadline, IRS delays create ‘anxiety’ for car dealers
Chinese driverless tech startup Momenta is raising funds at a roughly $6 billion valuation
A car equipped with Momenta technology on display at the IAA Mobility show in Munich, Germany in September 2025. Arjun Kharpal | CNBC Momenta, a Chinese driverless technology startup, is raising a fresh round of funding that could value the company at around $6 billion, two people familiar with the matter told CNBC. The valuation… Continue reading Chinese driverless tech startup Momenta is raising funds at a roughly $6 billion valuation
Tesla’s continuing sales slump in Europe weighs on stock price
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Tesla shares fell more than 4% on Thursday after data out of Europe showed a continuing sales slump for the automaker, despite strong demand for fully… Continue reading Tesla’s continuing sales slump in Europe weighs on stock price
New car sales get surprising boost, for now, as consumers fear tariffs and higher prices
GMC SUVs parked outside a GMC Buick dealership in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images DETROIT — Uncertainty surrounding U.S. regulations on tariffs, electric vehicles and other auto-related issues have given new car sales a surprising boost heading into the fourth quarter, according to a new industry… Continue reading New car sales get surprising boost, for now, as consumers fear tariffs and higher prices