The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. The test will involve the return of Starship’s Super Heavy Booster to the launch site. Sergio Flores | Afp | Getty Images Over the weekend, Elon Musk got his new… Continue reading Here are the SpaceX employees who were elected to run Musk’s new company town of Starbase, Texas
Author: CNBC Online news
Waymo plans to double robotaxi production at Arizona plant by end of 2026
A Waymo self-driving vehicle seen in Phoenix, Arizona, on Feb. 27, 2025. Leslie Josephs | CNBC Alphabet-owned Waymo and the auto manufacturing giant Magna International plan to double robotaxi production at their new plant in Mesa, Arizona, by the end of 2026, the companies announced Monday. The “Waymo Driver Integration Plant,” a 239,000 square foot facility… Continue reading Waymo plans to double robotaxi production at Arizona plant by end of 2026
Ford suspends 2025 guidance amid $2.5 billion tariff impact
The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Ford Motor beat Wall Street’s first-quarter expectations, but suspended its 2025 financial guidance amid an expected $2.5 billion impact this year from President Donald Trump‘s tariffs. The Detroit automaker said it expects to offset… Continue reading Ford suspends 2025 guidance amid $2.5 billion tariff impact
How Tesla lost some of its biggest fans
Tesla owners and investors once believed the company and CEO Elon Musk were changing the world. Now many are selling their cars and dumping stock. Musk has sparked protests in front of Tesla stores and service centers in response to his politics. Many owners are affixing bumper stickers on their Tesla vehicles that say things… Continue reading How Tesla lost some of its biggest fans
Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand
The “Saarinen Lobby” inside General Motors’ global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan. GM WARREN, Mich. — Walking into General Motors’ global design headquarters is like taking a step back in time. Much of the midcentury modern architecture and designs have remained untouched since the space opened… Continue reading Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand
China’s Xpeng delivers over 30,000 vehicles for the sixth consecutive month
People visit XPENG booth at 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Chinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering more than 30,000 vehicles for the sixth consecutive month. That represents a 273% year-on-year… Continue reading China’s Xpeng delivers over 30,000 vehicles for the sixth consecutive month
Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last
The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Automakers such as Ford Motor, Hyundai Motor and Kia on Thursday reported significant year-over-year U.S. sales increases in April as consumers rushed to purchase new vehicles ahead of potential price hikes due to… Continue reading Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last
Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
An employee installs parts on the undercarriage of a Mercedes-Benz GLS-Class SUV at the Mercedes-Benz U.S. International factory in Vance, Alabama, on June 8, 2017. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes-Benz on Thursday said it will add a new vehicle to its plant in Alabama amid President Donald Trump‘s auto tariffs. The German… Continue reading Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
watch now DETROIT — General Motors on Thursday lowered its 2025 financial guidance to include an expected $4 billion to $5 billion impact as a result of President Donald Trump‘s auto tariffs. The Detroit automaker said its new guidance includes adjusted earnings before interest and taxes of between $10 billion and $12.5 billion. That compares… Continue reading GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
Auto giants ditch financial guidance as industry reels from Trump tariff chaos
New vehicles displayed for sale at a General Motors Co. Chevrolet dealership in Miami, Florida, US, on Saturday, April 5, 2025. Bloomberg | Bloomberg | Getty Images European auto giants reported a sharp drop in first-quarter profit, and many suspended or cut full-year financial guidance, partially attributing the industry pain to U.S. President Donald Trump‘s… Continue reading Auto giants ditch financial guidance as industry reels from Trump tariff chaos